Latest Convergence Investment Partners, LLC Stock Portfolio

Convergence Investment Partners, LLC Performance:

2024 Q3: 6.4%YTD: 14.47%2023: 15.34%

Performance for 2024 Q3 is 6.4%, and YTD is 14.47%, and 2023 is 15.34%.

About Convergence Investment Partners, LLC and 13F Hedge Fund Stock Holdings

Convergence Investment Partners, LLC is a hedge fund based in PALM BEACH GARDENS, FL. On 31-May-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $203.3 Millions. In it's latest 13F Holdings report, Convergence Investment Partners, LLC reported an equity portfolio of $370.7 Millions as of 30 Sep, 2024.

The top stock holdings of Convergence Investment Partners, LLC are NVDA, AAPL, AVGO. The fund has invested 2.8% of it's portfolio in NVIDIA CORPORATION and 2.4% of portfolio in APPLE INC.

The fund managers got completely rid off CROWDSTRIKE HLDGS INC (CRWD), COREBRIDGE FINL INC (CRBG) and COINBASE GLOBAL INC (COIN) stocks. They significantly reduced their stock positions in AMPHENOL CORP NEW (APH), APPLIED MATLS INC (AMAT) and SPOTIFY TECHNOLOGY S A. Convergence Investment Partners, LLC opened new stock positions in BRISTOL-MYERS SQUIBB CO (BMY), PAYPAL HLDGS INC (PYPL) and INTERDIGITAL INC (IDCC). The fund showed a lot of confidence in some stocks as they added substantially to ORACLE CORP (ORCL), KLA CORP (KLAC) and TESLA INC (TSLA).

Convergence Investment Partners, LLC Annual Return Estimates Vs S&P 500

Our best estimate is that Convergence Investment Partners, LLC made a return of 6.4% in the last quarter. In trailing 12 months, it's portfolio return was 24.32%.

New Buys

Ticker	$ Bought
bristol-myers squibb co	4,325,720
paypal hldgs inc	1,972,130
interdigital inc	1,963,280
avnet inc	1,606,380
outfront media inc	1,540,260
northern tr corp	1,512,230
cummins inc	1,403,640
jackson financial inc	1,327,400

New stocks bought by Convergence Investment Partners, LLC

Additions

Ticker	% Inc.
oracle corp	419
kla corp	387
tesla inc	161
nrg energy inc	137
bunge global sa	118
centene corp del	117
cvs health corp	114
national storage affiliates	110

Additions to existing portfolio by Convergence Investment Partners, LLC

Reductions

Ticker	% Reduced
amphenol corp new	-91.61
applied matls inc	-90.83
spotify technology s a	-77.02
accenture plc ireland	-76.48
amgen inc	-76.43
mckesson corp	-74.83
fedex corp	-74.56
american express co	-74.02

Convergence Investment Partners, LLC reduced stake in above stock

Sold off

Ticker	$ Sold
pagseguro digital ltd	-1,069,580
corebridge finl inc	-2,134,150
viatris inc	-773,779
nu hldgs ltd	-929,408
hims & hers health inc	-945,033
rayonier inc	-740,639
kyndryl hldgs inc	-668,879
pinterest inc	-1,114,490

Convergence Investment Partners, LLC got rid off the above stocks

Sector Distribution

Convergence Investment Partners, LLC has about 25.2% of it's holdings in Technology sector.

Sector	%
Technology	25.2
Financial Services	14.7
Healthcare	12.6
Consumer Cyclical	9.2
Industrials	8.4
Communication Services	7.9
Consumer Defensive	6
Energy	4.8
Real Estate	3.5
Others	3
Utilities	2.6
Basic Materials	2.2

Market Cap. Distribution

Convergence Investment Partners, LLC has about 81.3% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	50
MEGA-CAP	31.3
MID-CAP	15.9
UNALLOCATED	2.7

Stocks belong to which Index?

About 85.8% of the stocks held by Convergence Investment Partners, LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	73.7
Others	14.1
RUSSELL 2000	12.1

Top 5 Winners (%)		%
IESC	ies hldgs inc	41.8 %
LNTH	lantheus hldgs inc	35.7 %
APP	applovin corp	35.2 %
CVNA	carvana co	34.3 %
FTDR	frontdoor inc	33.3 %

Top 5 Winners ($)		$
IBM	international business machs	1.6 M
WMT	walmart inc	1.1 M
APP	applovin corp	1.0 M
META	meta platforms inc	0.8 M
GILD	gilead sciences inc	0.8 M

Top 5 Losers (%)		%
LRCX	lam research corp	-23.3 %
ANF	abercrombie & fitch co	-21.2 %
MU	micron technology inc	-21.1 %
WBA	walgreens boots alliance inc	-16.2 %
F	ford mtr co	-15.7 %

Top 5 Losers ($)		$
QCOM	qualcomm inc	-0.9 M
MU	micron technology inc	-0.9 M
GOOG	alphabet inc	-0.6 M
AMAT	applied matls inc	-0.6 M
MSFT	microsoft corp	-0.5 M

Convergence Investment Partners, LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Convergence Investment Partners, LLC

Convergence Investment Partners, LLC has 237 stocks in it's portfolio. About 21% of the portfolio is in top 10 stocks. QCOM proved to be the most loss making stock for the portfolio. IBM was the most profitable stock for Convergence Investment Partners, LLC last quarter.

Last Reported on: 29 Oct, 2024

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAPL	apple inc	2.37	37,770	8,800,460	added	28.76

ABBV	abbvie inc	1.59	29,847	5,894,120	added	1.82

ABC	cencora inc	0.38	6,202	1,396,020	added	20.19

ABM	abm inds inc	0.15	10,740	566,642	new

ABT	abbott labs	0.09	2,920	332,917	reduced	-3.31

ACIW	aci worldwide inc	0.53	38,292	1,949,060	added	35.16

ACN	accenture plc ireland	0.10	1,105	390,681	reduced	-76.48

ADBE	adobe inc	0.10	714	369,695	added	2.15

ADMA	adma biologics inc	0.31	57,052	1,140,470	new

AFL	aflac inc	0.06	1,898	212,210	new

AIG	american intl group inc	0.00	0.00	0.00	sold off	-100

AIT	applied indl technologies in	0.00	0.00	0.00	sold off	-100

ALE	allete inc	0.00	0.00	0.00	sold off	-100

ALL	allstate corp	0.00	0.00	0.00	sold off	-100

ALNY	alnylam pharmaceuticals inc	0.11	1,513	416,120	new

ALSN	allison transmission hldgs i	0.17	6,471	621,669	new

AMAT	applied matls inc	0.09	1,573	317,889	reduced	-90.83

AMD	advanced micro devices inc	0.11	2,408	395,126	reduced	-4.18

AMG	affiliated managers group in	0.46	9,530	1,694,430	added	9.91

AMGN	amgen inc	0.23	2,678	862,976	reduced	-76.43