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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
GLUU
51
DELISTED
Glu Mobile Inc.
GLUU
$765K 0.23%
99,570
-27,797
-22% -$233K
SWCH
52
DELISTED
Switch, Inc. Class A Common Stock
SWCH
$699K 0.21%
+44,770
New +$762K
CRSP icon
53
CRISPR Therapeutics
CRSP
$5.23B
$694K 0.21%
8,295
-12,352
-60% -$1.1M
FSLY icon
54
Fastly Inc
FSLY
$4.58B
$683K 0.21%
+7,290
New +$633K
TW icon
55
Tradeweb Markets
TW
$22B
$661K 0.2%
11,405
+2,820
+33% +$155K
BLUE
56
DELISTED
bluebird bio
BLUE
$657K 0.2%
940
+161
+21% +$126K
GLD icon
57
SPDR Gold Trust
GLD
$143B
$655K 0.2%
3,700
-10,000
-73% -$1.8M
HQY icon
58
HealthEquity
HQY
$8.83B
$655K 0.2%
12,755
+2,100
+20% +$115K
GSHD icon
59
Goosehead Insurance
GSHD
$2.32B
$645K 0.2%
7,440
-19,825
-73% -$1.81M
PAGS icon
60
PagSeguro Digital
PAGS
$2.48B
$605K 0.18%
16,035
-3,275
-17% -$127K
HRTX icon
61
Heron Therapeutics
HRTX
$61.5M
$558K 0.17%
37,680
-20,146
-35% -$314K
MRTX
62
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
$536K 0.16%
+3,230
New +$442K
LVGO
63
DELISTED
Livongo Health, Inc. Common Stock
LVGO
$530K 0.16%
3,779
-14,951
-80% -$1.82M
MODN
64
DELISTED
MODEL N, INC.
MODN
$527K 0.16%
14,964
+7,360
+97% +$278K
RNG icon
65
RingCentral
RNG
$5.3B
$518K 0.16%
+1,885
New +$524K
OKTA icon
66
Okta
OKTA
$26.1B
$483K 0.15%
+2,260
New +$471K
CYBR
67
DELISTED
CyberArk
CYBR
$481K 0.15%
4,648
+3,308
+247% +$356K
PS
68
DELISTED
Pluralsight, Inc. Class A Common Stock
PS
$464K 0.14%
27,100
+2,300
+9% +$44K
EQX icon
69
Equinox Gold
EQX
$13.6B
$331K 0.1%
+28,305
New +$341K
SWK icon
70
Stanley Black & Decker
SWK
$15.7B
$316K 0.1%
1,946
-48,192
-96% -$7.5M
NET icon
71
Cloudflare
NET
$109B
$293K 0.09%
7,130
+220
+3% +$8.42K
TNDM icon
72
Tandem Diabetes Care
TNDM
$1.63B
$242K 0.07%
2,135
+385
+22% +$40.5K
AYX
73
DELISTED
Alteryx Inc
AYX
$223K 0.07%
1,965
+700
+55% +$95.3K
EEFT icon
74
Euronet Worldwide
EEFT
$2.64B
$208K 0.06%
2,280
+135
+6% +$13.2K
CRWD icon
75
CrowdStrike
CRWD
$226B
$200K 0.06%
5,820
-67,000
-92% -$1.95M
1 2
3
4

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MMG
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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.