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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
+5.99%
1 Year Est. Return
+14.71%
3 Year Est. Return
+36.1%
5 Year Est. Return
+43.13%
10 Year Est. Return
–
AUM
$217M
AUM Growth
+$19.7M
Cap. Flow
-$62M
Cap. Flow %
-28.55%
Top 10 Hldgs %
49.95%
Holding
108
New
11
Increased
32
Reduced
17
Closed
12

Top Buys

Rank Stock Value
1
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$11.9M
2
SWP
Stanley Black & Decker, Inc. Corporate Units
SWP
+$9.81M
3
CNP.PRB
CenterPoint Energy, Inc. Depositary Shares Each Representing a 1/20th Interest in a Share of 7.00% S
CNP.PRB
+$4.75M
4
ARE.PRD
Alexandria Real Estate Equities Inc 7.00% Series D Preferred Stock
ARE.PRD
+$1.19M
5
ACRE
Ares Commercial Real Estate
ACRE
+$1.03M

Top Sells

Rank Stock Value
1
HES.PRA
Hess Corporation
HES.PRA
+$1.89M
2
FPI
Farmland Partners
FPI
+$899K
3
CBU icon
Community Bank
CBU
+$629K
4
HLNE icon
Hamilton Lane
HLNE
+$582K
5
NEE.PRR
NextEra Energy, Inc.
NEE.PRR
+$567K

Sector Composition

Rank Sector Weight
1 Technology 5.12%
2 Healthcare 2.28%
3 Communication Services 1.38%
4 Financials 1.31%
5 Industrials 1.07%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HES.PRA
76
DELISTED
Hess Corporation
HES.PRA
– –
-37,970
Closed -$1.89M
HDP
77
DELISTED
Hortonworks, Inc.
HDP
– –
-5,130
Closed -$74K
1 2 3
4

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AI
ArchPoint Investors Coral Gables, Florida $420M AUM 42.19% 1-Year Est. Return
CMHI
CVC Management Holdings II St. Helier, Jersey $420M AUM 0.05% 1-Year Est. Return
CWAF
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MMG
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DBRC
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Pier 88 Investment Partners's Q1 2019 Portfolio in Review

As of Q1 2019, Pier 88 Investment Partners held 108 positions worth $217M, up 10% from $197M the previous quarter. Its ten largest holdings account for 50% of the portfolio.

Pier 88 Investment Partners withdrew a net $62M in Q1 2019, closing 12 positions and reducing 17 holdings. Its most notable exit was Hess Corporation, an estimated $1.89M position sold in full.

By sector, the portfolio is most concentrated in Technology at 5.1% of assets, up from 3% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Pier 88 Investment Partners opened a new position in Bank of America Series L worth $12M.

  • Pier 88 Investment Partners's largest Q1 2019 buy was Bank of America Series L: 9,220 shares worth $12M.
  • Pier 88 Investment Partners added most to CenterPoint Energy, Inc. Depositary Shares Each Representing a 1/20th Interest in a Share of 7.00% S in Q1 2019, an estimated $4.75M increase.
  • Pier 88 Investment Partners's biggest Q1 2019 reduction was Farmland Partners, cutting an estimated $899K.
  • Pier 88 Investment Partners fully exited Hess Corporation in Q1 2019, selling an estimated $1.89M.
  • Pier 88 Investment Partners's ten largest holdings make up 50% of its $217M portfolio in Q1 2019.
  • Pier 88 Investment Partners opened 11 new positions and closed 12 in Q1 2019.
  • Pier 88 Investment Partners's portfolio value rose 10% quarter-over-quarter to $217M.

Based on Pier 88 Investment Partners's 13F filing for Q1 2019, filed 15 May 2019.