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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
+3.69%
1 Year Est. Return
+14.71%
3 Year Est. Return
+36.1%
5 Year Est. Return
+43.13%
10 Year Est. Return
–
AUM
$348M
AUM Growth
+$53.3M
(+18%)
Cap. Flow
-$90.7M
Cap. Flow
% of AUM
-26.06%
Top 10 Holdings %
Top 10 Hldgs %
41.83%
Holding
118
New
6
Increased
50
Reduced
12
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AEPPL
American Electric Power Company, Inc. Corporate Unit
AEPPL
|
+$8.22M |
| 2 |
DCUE
Dominion Energy, Inc. 2019 Series A Corporate Units
DCUE
|
+$4.54M |
| 3 |
DTP
DTE Energy Company 2019 Corporate Units
DTP
|
+$3.27M |
| 4 |
NEE.PRP
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
|
+$3.12M |
| 5 |
Cloudflare
NET
|
+$2.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PFPT
Proofpoint, Inc.
PFPT
|
+$1.26M |
| 2 |
WIX.com
WIX
|
+$1.26M |
| 3 |
Webster Financial
WBS
|
+$1.12M |
| 4 |
Microchip Technology
MCHP
|
+$871K |
| 5 |
Qorvo
QRVO
|
+$789K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 13.01% |
| 2 | Healthcare | 4.89% |
| 3 | Industrials | 4.69% |
| 4 | Utilities | 3.62% |
| 5 | Financials | 2.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MRTX
76
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
| $60K | 0.02% |
370
-2,970
| -89% | -$477K |
|
77
Iovance Biotherapeutics
IOVA
$2.89B
| $42K | 0.01% |
1,620
-15,706
| -91% | -$408K |
|
78
Emergent Biosolutions
EBS
$226M
| – | – |
-6,350
| Closed | -$590K |
|
|
79
Microchip Technology
MCHP
$44.6B
| – | – |
-11,220
| Closed | -$871K |
|
80
Magnite
MGNI
$3.51B
| – | – |
-12,300
| Closed | -$512K |
|
|
81
Qorvo
QRVO
$8.56B
| – | – |
-4,320
| Closed | -$789K |
|
82
TriNet
TNET
$3.08B
| – | – |
-9,910
| Closed | -$773K |
|
|
83
WIX.com
WIX
$2.72B
| – | – |
-4,519
| Closed | -$1.26M |
|
|
DAY
84
DELISTED
Dayforce
DAY
| – | – |
-4,675
| Closed | -$394K |
|
|
PFPT
85
DELISTED
Proofpoint, Inc.
PFPT
| – | – |
-10,045
| Closed | -$1.26M |
|
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Pier 88 Investment Partners's Q2 2021 Portfolio in Review
As of Q2 2021, Pier 88 Investment Partners held 118 positions worth $348M, up 18% from $295M the previous quarter. Its ten largest holdings account for 42% of the portfolio.
Pier 88 Investment Partners withdrew a net $90.7M in Q2 2021, closing 8 positions and reducing 12 holdings. Its most notable exit was Proofpoint, Inc., an estimated $1.26M position sold in full.
By sector, the portfolio is most concentrated in Technology at 13% of assets, up from 8.2% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Pier 88 Investment Partners opened a new position in Mimecast Limited worth $2.23M.
- Pier 88 Investment Partners's largest Q2 2021 buy was Mimecast Limited: 41,955 shares worth $2.23M.
- Pier 88 Investment Partners added most to American Electric Power Company, Inc. Corporate Unit in Q2 2021, an estimated $8.22M increase.
- Pier 88 Investment Partners's biggest Q2 2021 reduction was Webster Financial, cutting an estimated $1.12M.
- Pier 88 Investment Partners fully exited Proofpoint, Inc. in Q2 2021, selling an estimated $1.26M.
- Pier 88 Investment Partners's ten largest holdings make up 42% of its $348M portfolio in Q2 2021.
- Pier 88 Investment Partners opened 6 new positions and closed 8 in Q2 2021.
- Pier 88 Investment Partners's portfolio value rose 18% quarter-over-quarter to $348M.
Based on Pier 88 Investment Partners's 13F filing for Q2 2021, filed 13 Aug 2021.