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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
INXN
76
DELISTED
Interxion Holding N.V.
INXN
– –
-12,520
Closed -$1.02M
ARE.PRD
77
DELISTED
Alexandria Real Estate Equities Inc 7.00% Series D Preferred Stock
ARE.PRD
– –
-62,651
Closed -$2.43M
1 2 3
4

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SCV
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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
Core Wealth Advisors (Florida) Lakeland, Florida $419M AUM 16.86% 1-Year Est. Return
MMG
Monetary Management Group St Louis, Missouri $419M AUM 29.55% 1-Year Est. Return
RS
Retirement Solution Redmond, Washington $423M AUM 16.83% 1-Year Est. Return
DBRC
D.B. Root & Company Pittsburgh, Pennsylvania $419M AUM 15.03% 1-Year Est. Return

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.