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P8IP

Pier 88 Investment Partners Portfolio holdings

AUM $421M
1-Year Est. Return 14.71%
This Fund
S&P 500
This Quarter Est. Return
+7.09%
1 Year Est. Return
+14.71%
3 Year Est. Return
+36.1%
5 Year Est. Return
+43.13%
10 Year Est. Return
–
AUM
$330M
AUM Growth
-$22.2M
Cap. Flow
-$152M
Cap. Flow %
-46.04%
Top 10 Hldgs %
41.82%
Holding
123
New
13
Increased
34
Reduced
32
Closed
4

Top Buys

Rank Stock Value
1
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$8.22M
2
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$8.19M
3
SWT
Stanley Black & Decker, Inc.
SWT
+$6.46M
4
BSX.PRA
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
+$6.35M
5
DTP
DTE Energy Company 2019 Corporate Units
DTP
+$5.18M

Top Sells

Rank Stock Value
1
AVGOP
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
+$9.18M
2
CCI.PRA
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
+$8.54M
3
SWK icon
Stanley Black & Decker
SWK
+$7.5M
4
OTRK
Ontrak
OTRK
+$2.57M
5
CRWD icon
CrowdStrike
CRWD
+$1.95M

Sector Composition

Rank Sector Weight
1 Technology 6.72%
2 Healthcare 5.96%
3 Utilities 3.84%
4 Industrials 2.29%
5 Consumer Staples 1.56%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HELE icon
26
Helen of Troy
HELE
$682M
$1.47M 0.44%
+7,580
New +$1.51M
IOVA icon
27
Iovance Biotherapeutics
IOVA
$2.94B
$1.33M 0.4%
40,481
+29,256
+261% +$897K
DNLI icon
28
Denali Therapeutics
DNLI
$3.95B
$1.28M 0.39%
35,795
-16,514
-32% -$497K
FATE icon
29
Fate Therapeutics
FATE
$319M
$1.25M 0.38%
31,317
+7,225
+30% +$252K
ETSY icon
30
Etsy
ETSY
$7.29B
$1.25M 0.38%
10,292
-11,954
-54% -$1.4M
TDOC icon
31
Teladoc Health
TDOC
$1.24B
$1.24M 0.38%
5,654
-3,662
-39% -$775K
MIME
32
DELISTED
Mimecast Limited
MIME
$1.22M 0.37%
26,095
-16,906
-39% -$767K
EVOP
33
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
$1.21M 0.37%
48,759
+7,200
+17% +$181K
ADPT icon
34
Adaptive Biotechnologies
ADPT
$4.04B
$1.2M 0.36%
24,642
+11,732
+91% +$493K
WIX icon
35
WIX.com
WIX
$2.79B
$1.15M 0.35%
4,509
+574
+15% +$158K
TWST icon
36
Twist Bioscience
TWST
$7.72B
$1.14M 0.35%
14,990
+1,350
+10% +$84.1K
ZS icon
37
Zscaler
ZS
$28.9B
$1.11M 0.34%
7,905
-7,470
-49% -$970K
BYND icon
38
Beyond Meat
BYND
$215M
$1.04M 0.32%
6,255
-965
-13% -$131K
CHWY icon
39
Chewy
CHWY
$9.2B
$1.02M 0.31%
18,575
-8,920
-32% -$481K
CHGG icon
40
Chegg
CHGG
$92.8M
$1M 0.3%
14,067
-10,427
-43% -$768K
TREX icon
41
Trex
TREX
$5.07B
$1M 0.3%
14,004
-8,538
-38% -$591K
ECHO
42
DELISTED
Echo Global Logistics, Inc.
ECHO
$983K 0.3%
38,148
-5,485
-13% -$141K
TXG icon
43
10x Genomics
TXG
$7.62B
$964K 0.29%
7,730
+1,015
+15% +$107K
RARE icon
44
Ultragenyx Pharmaceutical
RARE
$2.66B
$941K 0.29%
11,450
-5,065
-31% -$420K
SPLK
45
DELISTED
Splunk Inc
SPLK
$889K 0.27%
4,725
-3,815
-45% -$760K
VIS icon
46
Vanguard Industrials ETF
VIS
$8.49B
$883K 0.27%
+6,100
New +$860K
OTRK
47
DELISTED
Ontrak
OTRK
$833K 0.25%
154
-556
-78% -$2.57M
COUP
48
DELISTED
Coupa Software Incorporated
COUP
$813K 0.25%
2,965
-2,352
-44% -$686K
PFPT
49
DELISTED
Proofpoint, Inc.
PFPT
$786K 0.24%
+7,450
New +$830K
DOCU
50
DocuSign
DOCU
$11.3B
$768K 0.23%
3,570
-6,098
-63% -$1.27M
1
2
3 4

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Pier 88 Investment Partners's Q3 2020 Portfolio in Review

As of Q3 2020, Pier 88 Investment Partners held 123 positions worth $330M, down 6.3% from $352M the previous quarter. Its ten largest holdings account for 42% of the portfolio.

Pier 88 Investment Partners withdrew a net $152M in Q3 2020, closing 4 positions and reducing 32 holdings. Its most notable exit was Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A, an estimated $9.18M position sold in full.

By sector, the portfolio is most concentrated in Technology at 6.7% of assets, down from 6.9% a quarter earlier, followed by Healthcare and Utilities.

Against the trend, Pier 88 Investment Partners opened a new position in Deckers Outdoor worth $1.69M.

  • Pier 88 Investment Partners's largest Q3 2020 buy was Deckers Outdoor: 45,960 shares worth $1.69M.
  • Pier 88 Investment Partners added most to Bank of America Series L in Q3 2020, an estimated $8.22M increase.
  • Pier 88 Investment Partners's biggest Q3 2020 reduction was Stanley Black & Decker, cutting an estimated $7.5M.
  • Pier 88 Investment Partners fully exited Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A in Q3 2020, selling an estimated $9.18M.
  • Pier 88 Investment Partners's ten largest holdings make up 42% of its $330M portfolio in Q3 2020.
  • Pier 88 Investment Partners opened 13 new positions and closed 4 in Q3 2020.
  • Pier 88 Investment Partners's portfolio value fell 6.3% quarter-over-quarter to $330M.

Based on Pier 88 Investment Partners's 13F filing for Q3 2020, filed 16 Nov 2020.