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Pier 88 Investment Partners Portfolio holdings

AUM $421M
1-Year Est. Return 14.71%
This Fund
S&P 500
This Quarter Est. Return
+2.82%
1 Year Est. Return
+14.71%
3 Year Est. Return
+36.1%
5 Year Est. Return
+43.13%
10 Year Est. Return
–
AUM
$413M
AUM Growth
+$750K
Cap. Flow
-$256M
Cap. Flow %
-61.87%
Top 10 Hldgs %
45.8%
Holding
101
New
8
Increased
22
Reduced
21
Closed
12

Top Buys

Rank Stock Value
1
AEPPZ
American Electric Power Company, Inc. Corporate Units
AEPPZ
+$6.24M
2
CRM icon
Salesforce
CRM
+$3.12M
3
MOG.A icon
Moog Inc Class A
MOG.A
+$2.54M
4
ATI icon
ATI
ATI
+$2.51M
5
TW icon
Tradeweb Markets
TW
+$2.19M

Top Sells

Rank Stock Value
1
DHR.PRB
Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B
DHR.PRB
+$19.5M
2
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$18.1M
3
NEE.PRP
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
+$15.2M
4
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$11.4M
5
BSX.PRA
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
+$10.2M

Sector Composition

Rank Sector Weight
1 Technology 5.5%
2 Industrials 3.46%
3 Healthcare 2.17%
4 Financials 1.09%
5 Consumer Discretionary 1.05%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RCM
26
DELISTED
R1 RCM Inc. Common Stock
RCM
$1.59M 0.38%
105,780
+27,990
+36% +$383K
AYX
27
DELISTED
Alteryx Inc
AYX
$1.53M 0.37%
26,075
+9,470
+57% +$552K
MPWR icon
28
Monolithic Power Systems
MPWR
$68.9B
$1.53M 0.37%
3,050
-120
-4% -$55.2K
FPI
29
Farmland Partners
FPI
$425M
$1.44M 0.35%
134,698
+42,800
+47% +$501K
CRWD icon
30
CrowdStrike
CRWD
$226B
$1.31M 0.32%
38,040
+29,960
+371% +$866K
HUBS icon
31
HubSpot
HUBS
$11B
$1.19M 0.29%
2,780
– –
OKTA icon
32
Okta
OKTA
$26.1B
$1.09M 0.26%
12,668
+6,798
+116% +$517K
ERII icon
33
Energy Recovery
ERII
$394M
$1.09M 0.26%
47,170
-5,700
-11% -$125K
ENTG icon
34
Entegris
ENTG
$23B
$1.08M 0.26%
13,210
+1,600
+14% +$130K
DECK icon
35
Deckers Outdoor
DECK
$12.8B
$1M 0.24%
13,380
-14,340
-52% -$1M
DNLI icon
36
Denali Therapeutics
DNLI
$3.95B
$987K 0.24%
42,840
+7,600
+22% +$209K
DOV icon
37
Dover
DOV
$28.1B
$943K 0.23%
6,206
+4,756
+328% +$698K
FIVE icon
38
Five Below
FIVE
$13B
$882K 0.21%
4,280
– –
RARE icon
39
Ultragenyx Pharmaceutical
RARE
$2.66B
$872K 0.21%
21,750
– –
ON icon
40
ON Semiconductor
ON
$31.6B
$853K 0.21%
10,360
-4,020
-28% -$305K
CYBR
41
DELISTED
CyberArk
CYBR
$768K 0.19%
5,190
+1,790
+53% +$250K
PRO
42
DELISTED
PROS Holdings
PRO
$766K 0.19%
27,970
-17,650
-39% -$460K
SLAB icon
43
Silicon Laboratories
SLAB
$7.22B
$690K 0.17%
3,942
-2,616
-40% -$440K
HCAT icon
44
Health Catalyst
HCAT
$132M
$637K 0.15%
+54,620
New +$696K
ADPT icon
45
Adaptive Biotechnologies
ADPT
$4.04B
$632K 0.15%
71,625
+14,420
+25% +$127K
SYNA icon
46
Synaptics
SYNA
$4.18B
$631K 0.15%
5,680
-1,590
-22% -$183K
CHWY icon
47
Chewy
CHWY
$9.2B
$592K 0.14%
+15,830
New +$655K
QQQ icon
48
Invesco QQQ Trust
QQQ
$478B
$578K 0.14%
1,800
-6,200
-78% -$1.83M
SPLK
49
DELISTED
Splunk Inc
SPLK
$540K 0.13%
5,636
-2,300
-29% -$220K
KEYS icon
50
Keysight
KEYS
$58.7B
$524K 0.13%
3,245
– –
1
2
3 4

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Pier 88 Investment Partners's Q1 2023 Portfolio in Review

As of Q1 2023, Pier 88 Investment Partners held 101 positions worth $413M, up 0.18% from $413M the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Pier 88 Investment Partners withdrew a net $256M in Q1 2023, closing 12 positions and reducing 21 holdings. Its most notable exit was Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B, an estimated $19.5M position sold in full.

By sector, the portfolio is most concentrated in Technology at 5.5% of assets, up from 3.2% a quarter earlier, followed by Industrials and Healthcare.

Against the trend, Pier 88 Investment Partners opened a new position in Salesforce worth $3.69M.

  • Pier 88 Investment Partners's largest Q1 2023 buy was Salesforce: 18,483 shares worth $3.69M.
  • Pier 88 Investment Partners added most to American Electric Power Company, Inc. Corporate Units in Q1 2023, an estimated $6.24M increase.
  • Pier 88 Investment Partners's biggest Q1 2023 reduction was Wells Fargo 7.5% Non Cumv Perp Conv, cutting an estimated $18.1M.
  • Pier 88 Investment Partners fully exited Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B in Q1 2023, selling an estimated $19.5M.
  • Pier 88 Investment Partners's ten largest holdings make up 46% of its $413M portfolio in Q1 2023.
  • Pier 88 Investment Partners opened 8 new positions and closed 12 in Q1 2023.
  • Pier 88 Investment Partners's portfolio value rose 0.18% quarter-over-quarter to $413M.

Based on Pier 88 Investment Partners's 13F filing for Q1 2023, filed 9 May 2023.