Convergence Investment Partners Q2 Portfolio Shifts

According to the latest filing from Convergence Investment Partners, Llc, as of June 30th, 2026, their investment strategy resulted in a portfolio value exceeding $1.04 billion.

The investor's activity this quarter was characterized by notable shifts across various sectors and specific stock holdings. A detailed analysis reveals significant buying interest in several companies that saw substantial increases or new additions to the fund's position during Q2 2026.

Significant Purchases

NVIDIA Corporation (NVDA), a Technology leader, experienced one of the most dramatic portfolio changes. The fund acquired an additional NVDIA shares totaling 87,825 units, representing an 80.41% increase in its stake during the quarter.

Macy's Inc (M), a key player in Consumer Cyclical retail, saw a massive new position initiated by Convergence Investment Partners. The fund purchased shares worth $8.09 million at their latest valuation, boosting the stock's allocation to 0.77% of the total portfolio.

Advanced Micro Devices Inc (AMD), another Technology semiconductor company, also showed strong buying interest with a significant increase in its position during Q2 2026.

Amazon.com Inc (AMZN), a dominant force in Consumer Cyclical e-commerce and technology, was added to the portfolio or significantly increased. The fund's stake grew by approximately 47% through this quarter.

Cisco Systems Inc (CSCO), providing networking solutions within the Technology sector, also saw its position notably increase during Q2 2026.

Reductions and Exits

The portfolio wasn't static; Convergence Investment Partners also reduced exposure to certain stocks. For instance, Sandisk Corp (SNDK), a Technology company specializing in flash memory, saw its position decrease by 25.32% during the quarter.

Microchip Technology Inc (MU), involved in semiconductor components under Technology, experienced a reduction of about 30.55% in its portfolio allocation this period.

Advanced Micro Devices Inc (AMD) also saw a decrease in its position during Q2 2026.

Lam Research Corp (LRCX), known for semiconductor equipment within the Technology sector, experienced a moderate reduction of about 27.65% in its portfolio allocation this quarter.

Furthermore, Invesco Ltd (IVZ), classified under Financial Services but with an unknown sector percentage change, saw a significant reduction of approximately 68.48% during Q2 2026.

New Positions and Other Changes

Convergence Investment Partners initiated several new positions this quarter:

• UiPath Inc (PATH), a Technology automation software company, was added with an allocation of 0.21%.
• Vistane Networks Inc (COMM), another Technology holding focused on communications infrastructure, entered the portfolio at 0.22%.

They also significantly increased positions in other areas:

• First Bancorp Corporation (FBP), a Financial Services institution, saw its stake grow by 100%, adding $3.89 million worth.
• Kennametal Inc (KMT), an Industrials company specializing in engineered materials and metal products, was added with full shares purchased.

Additionally, the fund made substantial purchases elsewhere:

• Dropbox Inc (DBX), a Technology cloud storage provider, saw its position increase significantly during Q2 2026.
• Virtu Financial Inc (VIRT), operating in the Financial Services sector, was added with full shares purchased this quarter.

Convergence Investment Partners also reduced positions in other sectors:

• Patterson-UTI Energy Inc (PTEN), an Energy company involved in oilfield services, saw its stake decrease during Q2 2026.

Overall, the portfolio's structure reflects a dynamic approach focused on mid-cap companies and specific sectors like Technology and Financial Services. The fund held Convergence Investment Partners' total assets constant at $1,040,823,000.