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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
+2.13%
1 Year Est. Return
+14.71%
3 Year Est. Return
+36.1%
5 Year Est. Return
+43.13%
10 Year Est. Return
–
AUM
$404M
AUM Growth
-$9.53M
Cap. Flow
-$264M
Cap. Flow %
-65.4%
Top 10 Hldgs %
45.05%
Holding
98
New
6
Increased
31
Reduced
16
Closed
7

Top Buys

Rank Stock Value
1
NEE.PRQ
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
+$9.91M
2
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$8.85M
3
RBCP
RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock
RBCP
+$3.46M
4
PANW icon
Palo Alto Networks
PANW
+$3.22M
5
ON icon
ON Semiconductor
ON
+$2.79M

Top Sells

Rank Stock Value
1
BDXB
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6.00% Mandatory Convertible Preferred Stock, Series B
BDXB
+$19.6M
2
BSX.PRA
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
+$11M
3
KKR.PRC
KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock
KKR.PRC
+$4.93M
4
CRM icon
Salesforce
CRM
+$2.77M
5
TW icon
Tradeweb Markets
TW
+$2.63M

Sector Composition

Rank Sector Weight
1 Technology 7.67%
2 Industrials 3.65%
3 Healthcare 2.36%
4 Consumer Discretionary 1.22%
5 Financials 0.68%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPLK
26
DELISTED
Splunk Inc
SPLK
$1.5M 0.37%
14,176
+8,540
+152% +$811K
PRO
27
DELISTED
PROS Holdings
PRO
$1.5M 0.37%
48,750
+20,780
+74% +$584K
GSHD icon
28
Goosehead Insurance
GSHD
$2.29B
$1.5M 0.37%
23,795
+21,260
+839% +$1.22M
MPWR icon
29
Monolithic Power Systems
MPWR
$67.9B
$1.44M 0.36%
2,670
-380
-12% -$181K
DNLI icon
30
Denali Therapeutics
DNLI
$4B
$1.41M 0.35%
47,680
+4,840
+11% +$136K
ENTG icon
31
Entegris
ENTG
$22B
$1.38M 0.34%
12,410
-800
-6% -$72.9K
HUBS icon
32
HubSpot
HUBS
$10.8B
$1.31M 0.33%
2,470
-310
-11% -$145K
DDOG icon
33
Datadog
DDOG
$93.6B
$1.3M 0.32%
13,250
+7,070
+114% +$591K
LSCC icon
34
Lattice Semiconductor
LSCC
$18.2B
$1.27M 0.31%
13,188
-5,840
-31% -$503K
NET icon
35
Cloudflare
NET
$111B
$1.25M 0.31%
19,110
+16,380
+600% +$978K
TW icon
36
Tradeweb Markets
TW
$21.9B
$1.24M 0.31%
18,050
-37,123
-67% -$2.63M
DECK icon
37
Deckers Outdoor
DECK
$13.3B
$1.18M 0.29%
13,380
– –
HCAT icon
38
Health Catalyst
HCAT
$129M
$1.13M 0.28%
90,390
+35,770
+65% +$426K
RARE icon
39
Ultragenyx Pharmaceutical
RARE
$2.64B
$1.07M 0.27%
23,300
+1,550
+7% +$71.9K
CRM icon
40
Salesforce
CRM
$162B
$1.04M 0.26%
4,920
-13,563
-73% -$2.77M
AYX
41
DELISTED
Alteryx Inc
AYX
$962K 0.24%
21,195
-4,880
-19% -$214K
MODN
42
DELISTED
MODEL N, INC.
MODN
$955K 0.24%
26,999
-57,497
-68% -$1.85M
ZS icon
43
Zscaler
ZS
$28.6B
$922K 0.23%
6,301
+6,300
+630,000% +$769K
DOV icon
44
Dover
DOV
$28.3B
$916K 0.23%
6,206
– –
CHWY icon
45
Chewy
CHWY
$9.25B
$908K 0.22%
23,010
+7,180
+45% +$250K
FIVE icon
46
Five Below
FIVE
$13B
$841K 0.21%
4,280
– –
HELE icon
47
Helen of Troy
HELE
$680M
$679K 0.17%
6,285
+2,780
+79% +$266K
KEYS icon
48
Keysight
KEYS
$57.3B
$649K 0.16%
3,875
+630
+19% +$97.8K
MOG.A icon
49
Moog Inc Class A
MOG.A
$13B
$641K 0.16%
5,916
-20,485
-78% -$2.03M
SLAB icon
50
Silicon Laboratories
SLAB
$7.2B
$622K 0.15%
3,942
– –
1
2
3

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CMHI
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CWAF
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Pier 88 Investment Partners's Q2 2023 Portfolio in Review

As of Q2 2023, Pier 88 Investment Partners held 98 positions worth $404M, down 2.3% from $413M the previous quarter. Its ten largest holdings account for 45% of the portfolio.

Pier 88 Investment Partners withdrew a net $264M in Q2 2023, closing 7 positions and reducing 16 holdings. Its most notable exit was Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6.00% Mandatory Convertible Preferred Stock, Series B, an estimated $19.6M position sold in full.

By sector, the portfolio is most concentrated in Technology at 7.7% of assets, up from 5.5% a quarter earlier, followed by Industrials and Healthcare.

Against the trend, Pier 88 Investment Partners opened a new position in RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock worth $3.43M.

  • Pier 88 Investment Partners's largest Q2 2023 buy was RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock: 32,500 shares worth $3.43M.
  • Pier 88 Investment Partners added most to NextEra Energy, Inc. 6.219% Corporate Units in Q2 2023, an estimated $9.91M increase.
  • Pier 88 Investment Partners's biggest Q2 2023 reduction was Salesforce, cutting an estimated $2.77M.
  • Pier 88 Investment Partners fully exited Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6.00% Mandatory Convertible Preferred Stock, Series B in Q2 2023, selling an estimated $19.6M.
  • Pier 88 Investment Partners's ten largest holdings make up 45% of its $404M portfolio in Q2 2023.
  • Pier 88 Investment Partners opened 6 new positions and closed 7 in Q2 2023.
  • Pier 88 Investment Partners's portfolio value fell 2.3% quarter-over-quarter to $404M.

Based on Pier 88 Investment Partners's 13F filing for Q2 2023, filed 7 Aug 2023.