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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
-1.16%
1 Year Est. Return
+14.71%
3 Year Est. Return
+36.1%
5 Year Est. Return
+43.13%
10 Year Est. Return
–
AUM
$279M
AUM Growth
-$192M
Cap. Flow
-$221M
Cap. Flow %
-79.3%
Top 10 Hldgs %
51.03%
Holding
106
New
7
Increased
25
Reduced
26
Closed
18

Top Buys

Rank Stock Value
1
AEP icon
American Electric Power
AEP
+$13.7M
2
PXD
Pioneer Natural Resource Co.
PXD
+$4.79M
3
TDG icon
TransDigm Group
TDG
+$2.33M
4
GLD icon
SPDR Gold Trust
GLD
+$2.18M
5
PANW icon
Palo Alto Networks
PANW
+$2.04M

Top Sells

Rank Stock Value
1
AVGOP
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
+$26M
2
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$21.1M
3
BSX.PRA
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
+$16.6M
4
AEPPL
American Electric Power Company, Inc. Corporate Unit
AEPPL
+$14.9M
5
KKR.PRC
KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock
KKR.PRC
+$11.5M

Sector Composition

Rank Sector Weight
1 Utilities 10.87%
2 Technology 10.17%
3 Industrials 4.8%
4 Healthcare 3.76%
5 Financials 3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VRT icon
76
Vertiv
VRT
$114B
$0 ﹤0.01%
10
-43,130
-100% -$767K
WFC.PRL icon
77
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.66B
– –
-7,578
Closed -$11.3M
FTCH
78
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
– –
-5,545
Closed -$185K
NIMC
79
DELISTED
NiSource Inc. Series A Corporate Units
NIMC
– –
-90,900
Closed -$10.2M
KKR.PRC
80
DELISTED
KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock
KKR.PRC
– –
-123,760
Closed -$11.5M
BDXB
81
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
– –
-102,700
Closed -$5.42M
BSX.PRA
82
DELISTED
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
– –
-144,970
Closed -$16.6M
DHR.PRB
83
DELISTED
Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B
DHR.PRB
– –
-6,310
Closed -$11M
AVGOP
84
DELISTED
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
– –
-12,549
Closed -$26M
MNDT
85
DELISTED
Mandiant, Inc. Common Stock
MNDT
– –
-41,445
Closed -$727K
MTOR
86
DELISTED
MERITOR, Inc.
MTOR
– –
-24,615
Closed -$610K
DHR.PRA
87
DELISTED
Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A
DHR.PRA
– –
-1,764
Closed -$3.87M
AEPPL
88
DELISTED
American Electric Power Company, Inc. Corporate Unit
AEPPL
– –
-298,269
Closed -$14.9M
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 Q1 2022 Portfolio in Review

As of Q1 2022, Pier 88 Investment Partners held 106 positions worth $279M, down 41% from $471M the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Pier 88 Investment Partners withdrew a net $221M in Q1 2022, closing 18 positions and reducing 26 holdings. Its most notable exit was Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A, an estimated $26M position sold in full.

By sector, the portfolio is most concentrated in Utilities at 11% of assets, up from 3% a quarter earlier, followed by Technology and Industrials.

Against the trend, Pier 88 Investment Partners opened a new position in American Electric Power worth $15M.

  • Pier 88 Investment Partners's largest Q1 2022 buy was American Electric Power: 149,900 shares worth $15M.
  • Pier 88 Investment Partners added most to SPDR Gold Trust in Q1 2022, an estimated $2.18M increase.
  • Pier 88 Investment Partners's biggest Q1 2022 reduction was ITT, cutting an estimated $1.76M.
  • Pier 88 Investment Partners fully exited Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A in Q1 2022, selling an estimated $26M.
  • Pier 88 Investment Partners's ten largest holdings make up 51% of its $279M portfolio in Q1 2022.
  • Pier 88 Investment Partners opened 7 new positions and closed 18 in Q1 2022.
  • Pier 88 Investment Partners's portfolio value fell 41% quarter-over-quarter to $279M.

Based on Pier 88 Investment Partners's 13F filing for Q1 2022, filed 13 May 2022.