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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
TXG icon
51
10x Genomics
TXG
$7.89B
$541K 0.13%
9,690
+5,500
+131% +$298K
SYNA icon
52
Synaptics
SYNA
$4.15B
$485K 0.12%
5,680
– –
ADPT icon
53
Adaptive Biotechnologies
ADPT
$4.1B
$481K 0.12%
71,625
– –
CRWD icon
54
CrowdStrike
CRWD
$229B
$420K 0.1%
11,440
-26,600
-70% -$927K
OKTA icon
55
Okta
OKTA
$26.1B
$409K 0.1%
5,900
-6,768
-53% -$514K
DOCS icon
56
Doximity
DOCS
$4.72B
$324K 0.08%
9,520
+1,380
+17% +$46K
DTE icon
57
DTE Energy
DTE
$28.5B
$318K 0.08%
2,894
– –
MRTX
58
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
$285K 0.07%
7,890
+450
+6% +$18.5K
PODD icon
59
Insulet
PODD
$9.91B
$262K 0.07%
910
-6,907
-88% -$2.1M
D icon
60
Dominion Energy
D
$59.5B
$223K 0.06%
4,315
– –
XYL icon
61
Xylem
XYL
$28.7B
$223K 0.06%
+1,980
New +$209K
EQX icon
62
Equinox Gold
EQX
$13.6B
$100K 0.02%
21,885
– –
BMRN icon
63
BioMarin Pharmaceuticals
BMRN
$13.4B
$80.6K 0.02%
930
-70
-7% -$6.59K
FSR
64
DELISTED
Fisker Inc.
FSR
$69.4K 0.02%
12,310
+1,930
+19% +$11.1K
RVLV icon
65
Revolve Group
RVLV
$1.7B
$34.8K 0.01%
2,120
– –
LNN icon
66
Lindsay Corp
LNN
$1.18B
– –
-11,375
Closed -$1.72M
NEE icon
67
NextEra Energy
NEE
$178B
– –
-7
Closed -$540
WDAY icon
68
Workday
WDAY
$44.9B
– –
-10,440
Closed -$2.16M
KKR.PRC
69
DELISTED
KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock
KKR.PRC
– –
-77,700
Closed -$4.93M
BDXB
70
DELISTED
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
– –
-393,810
Closed -$19.6M
BSX.PRA
71
DELISTED
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
– –
-90,935
Closed -$11M
AQUA
72
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
– –
-4,127
Closed -$205K
1 2
3

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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.