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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
+2.82%
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
DDOG icon
51
Datadog
DDOG
$88.6B
$449K 0.11%
6,180
– –
HELE icon
52
Helen of Troy
HELE
$682M
$334K 0.08%
3,505
– –
DTE icon
53
DTE Energy
DTE
$28.6B
$317K 0.08%
2,894
– –
MRTX
54
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
$277K 0.07%
7,440
+3,350
+82% +$151K
DOCS icon
55
Doximity
DOCS
$4.65B
$264K 0.06%
8,140
-14,060
-63% -$466K
D icon
56
Dominion Energy
D
$59.9B
$241K 0.06%
4,315
– –
TXG icon
57
10x Genomics
TXG
$7.62B
$234K 0.06%
4,190
– –
AQUA
58
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
$205K 0.05%
4,127
-29,092
-88% -$1.36M
NET icon
59
Cloudflare
NET
$109B
$168K 0.04%
2,730
– –
GSHD icon
60
Goosehead Insurance
GSHD
$2.32B
$132K 0.03%
2,535
+290
+13% +$12.6K
EQX icon
61
Equinox Gold
EQX
$13.6B
$113K 0.03%
21,885
– –
BMRN icon
62
BioMarin Pharmaceuticals
BMRN
$13.5B
$97.2K 0.02%
+1,000
New +$104K
FSR
63
DELISTED
Fisker Inc.
FSR
$63.7K 0.02%
10,380
– –
RVLV icon
64
Revolve Group
RVLV
$1.69B
$55.8K 0.01%
2,120
+1,600
+308% +$41.3K
NEE icon
65
NextEra Energy
NEE
$179B
$540 ﹤0.01%
7
– –
ZS icon
66
Zscaler
ZS
$28.9B
$117 ﹤0.01%
1
-429
-100% -$51.5K
BG icon
67
Bunge Global
BG
$21.4B
– –
-12,182
Closed -$1.22M
ETSY icon
68
Etsy
ETSY
$7.29B
– –
-14,991
Closed -$1.8M
EWBC icon
69
East-West Bancorp
EWBC
$18.2B
– –
-1,010
Closed -$66.6K
HRTX icon
70
Heron Therapeutics
HRTX
$61.5M
– –
-60,000
Closed -$150K
PANW icon
71
Palo Alto Networks
PANW
$313B
– –
-900
Closed -$62.8K
SEER icon
72
Seer Inc
SEER
$119M
– –
-6,600
Closed -$38.3K
VRT icon
73
Vertiv
VRT
$108B
– –
-10
Closed -$137
NUVA
74
DELISTED
NuVasive, Inc.
NUVA
– –
-4,725
Closed -$195K
FRC
75
DELISTED
First Republic Bank
FRC
– –
-10,310
Closed -$1.26M
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.