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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
+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
SLAB icon
76
Silicon Laboratories
SLAB
$7.22B
$196K 0.06%
2,001
– –
FPI
77
Farmland Partners
FPI
$424M
$188K 0.06%
28,268
-1,270
-4% -$8.63K
QRVO icon
78
Qorvo
QRVO
$8.5B
$185K 0.06%
+1,435
New +$178K
NEWR
79
DELISTED
New Relic, Inc.
NEWR
$184K 0.06%
3,265
– –
MTOR
80
DELISTED
MERITOR, Inc.
MTOR
$180K 0.05%
8,600
– –
WORK
81
DELISTED
Slack Technologies, Inc.
WORK
$145K 0.04%
5,410
-41,468
-88% -$1.22M
TRHC
82
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
$127K 0.04%
3,120
– –
SFIX
83
Stitch Fix
SFIX
$483M
$111K 0.03%
4,105
-44,141
-91% -$1.13M
EHTH icon
84
eHealth
EHTH
$39.4M
$101K 0.03%
1,280
+90
+8% +$7.29K
PRO
85
DELISTED
PROS Holdings
PRO
$82K 0.02%
+2,570
New +$96.8K
NUVA
86
DELISTED
NuVasive, Inc.
NUVA
$78K 0.02%
1,605
+130
+9% +$7K
DT icon
87
Dynatrace
DT
$14.3B
$74K 0.02%
+1,800
New +$73.7K
QQQ icon
88
Invesco QQQ Trust
QQQ
$482B
– –
-4,900
Closed -$1.21M
WBS icon
89
Webster Financial
WBS
$12.8B
– –
-4,235
Closed -$121K
AVGOP
90
DELISTED
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
– –
-8,235
Closed -$9.18M
CCI.PRA
91
DELISTED
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
– –
-5,750
Closed -$8.54M
1 2 3
4

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CMHI
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MMG
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DBRC
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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.