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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
+2.28%
1 Year Est. Return
+14.71%
3 Year Est. Return
+36.1%
5 Year Est. Return
+43.13%
10 Year Est. Return
–
AUM
$253M
AUM Growth
-$5.3M
Cap. Flow
-$115M
Cap. Flow %
-45.52%
Top 10 Hldgs %
45.07%
Holding
104
New
15
Increased
17
Reduced
32
Closed
8

Top Buys

Rank Stock Value
1
NEE.PRO
NextEra Energy, Inc. 4.872% Corporate Units
NEE.PRO
+$7.91M
2
AVGOP
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
+$6.62M
3
DHR.PRA
Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A
DHR.PRA
+$4.95M
4
SWT
Stanley Black & Decker, Inc.
SWT
+$2.72M
5
TNDM icon
Tandem Diabetes Care
TNDM
+$744K

Top Sells

Rank Stock Value
1
CNP.PRB
CenterPoint Energy, Inc. Depositary Shares Each Representing a 1/20th Interest in a Share of 7.00% S
CNP.PRB
+$5.12M
2
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$4.22M
3
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$4.2M
4
SWP
Stanley Black & Decker, Inc. Corporate Units
SWP
+$3.43M
5
CCI.PRA
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
+$2.78M

Sector Composition

Rank Sector Weight
1 Utilities 5.22%
2 Technology 3.69%
3 Healthcare 2.49%
4 Industrials 1.2%
5 Financials 0.81%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
OTRK
51
DELISTED
Ontrak
OTRK
$316K 0.13%
215
+93
+76% +$128K
TDOC icon
52
Teladoc Health
TDOC
$1.29B
$310K 0.12%
3,700
+1,000
+37% +$76.1K
MRTX
53
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
$277K 0.11%
+2,150
New +$207K
NUVA
54
DELISTED
NuVasive, Inc.
NUVA
$266K 0.11%
3,445
– –
CHGG icon
55
Chegg
CHGG
$94.8M
$245K 0.1%
6,455
+1,260
+24% +$44.1K
AMRN
56
Amarin Corp
AMRN
$298M
$236K 0.09%
+550
New +$209K
SLAB icon
57
Silicon Laboratories
SLAB
$7.2B
$234K 0.09%
2,021
– –
IMMU
58
DELISTED
Immunomedics Inc
IMMU
$229K 0.09%
+10,800
New +$191K
HQY icon
59
HealthEquity
HQY
$8.93B
$217K 0.09%
+2,930
New +$183K
TRHC
60
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
$216K 0.09%
4,440
+635
+17% +$29.7K
ETSY icon
61
Etsy
ETSY
$7.38B
$203K 0.08%
4,581
-11,250
-71% -$536K
NEWR
62
DELISTED
New Relic, Inc.
NEWR
$187K 0.07%
2,840
-11,475
-80% -$745K
ECHO
63
DELISTED
Echo Global Logistics, Inc.
ECHO
$168K 0.07%
8,115
– –
PS
64
DELISTED
Pluralsight, Inc. Class A Common Stock
PS
$165K 0.07%
9,585
+4,260
+80% +$72.5K
RNG icon
65
RingCentral
RNG
$5.38B
$155K 0.06%
920
-3,525
-79% -$581K
DOCU
66
DocuSign
DOCU
$11.4B
$143K 0.06%
1,930
-10,285
-84% -$707K
CRSP icon
67
CRISPR Therapeutics
CRSP
$5.17B
$94K 0.04%
+1,540
New +$84.1K
ACRE
68
Ares Commercial Real Estate
ACRE
$256M
$70K 0.03%
4,389
-66,211
-94% -$1.03M
BNFT
69
DELISTED
Benefitfocus, Inc.
BNFT
$46K 0.02%
2,100
-1,305
-38% -$29.5K
DT icon
70
Dynatrace
DT
$14.6B
– –
-20,610
Closed -$385K
GLD icon
71
SPDR Gold Trust
GLD
$143B
– –
-16,800
Closed -$2.33M
SAGE
72
DELISTED
Sage Therapeutics
SAGE
– –
-4,930
Closed -$692K
COUP
73
DELISTED
Coupa Software Incorporated
COUP
– –
-620
Closed -$80K
WMGI
74
DELISTED
Wright Medical Group Inc
WMGI
– –
-4,250
Closed -$88K
AXE
75
DELISTED
Anixter International Inc
AXE
– –
-13,900
Closed -$961K
1 2
3
4

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CMHI
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Pier 88 Investment Partners's Q4 2019 Portfolio in Review

As of Q4 2019, Pier 88 Investment Partners held 104 positions worth $253M, down 2.1% from $258M the previous quarter. Its ten largest holdings account for 45% of the portfolio.

Pier 88 Investment Partners withdrew a net $115M in Q4 2019, closing 8 positions and reducing 32 holdings. Its most notable exit was Alexandria Real Estate Equities Inc 7.00% Series D Preferred Stock, an estimated $2.43M position sold in full.

By sector, the portfolio is most concentrated in Utilities at 5.2% of assets, up from 5.2% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Pier 88 Investment Partners opened a new position in NextEra Energy, Inc. 4.872% Corporate Units worth $8.09M.

  • Pier 88 Investment Partners's largest Q4 2019 buy was NextEra Energy, Inc. 4.872% Corporate Units: 157,777 shares worth $8.09M.
  • Pier 88 Investment Partners added most to ZENDESK INC in Q4 2019, an estimated $316K increase.
  • Pier 88 Investment Partners's biggest Q4 2019 reduction was CenterPoint Energy, Inc. Depositary Shares Each Representing a 1/20th Interest in a Share of 7.00% S, cutting an estimated $5.12M.
  • Pier 88 Investment Partners fully exited Alexandria Real Estate Equities Inc 7.00% Series D Preferred Stock in Q4 2019, selling an estimated $2.43M.
  • Pier 88 Investment Partners's ten largest holdings make up 45% of its $253M portfolio in Q4 2019.
  • Pier 88 Investment Partners opened 15 new positions and closed 8 in Q4 2019.
  • Pier 88 Investment Partners's portfolio value fell 2.1% quarter-over-quarter to $253M.

Based on Pier 88 Investment Partners's 13F filing for Q4 2019, filed 14 Feb 2020.