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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
-6.67%
1 Year Est. Return
+14.71%
3 Year Est. Return
+36.1%
5 Year Est. Return
+43.13%
10 Year Est. Return
–
AUM
$425M
AUM Growth
+$146M
Cap. Flow
-$20.8M
Cap. Flow %
-4.89%
Top 10 Hldgs %
40.41%
Holding
111
New
12
Increased
23
Reduced
30
Closed
7

Top Buys

Rank Stock Value
1
BDXB
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
+$21M
2
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$18.8M
3
NIMC
NiSource Inc. Series A Corporate Units
NIMC
+$17.6M
4
BSX.PRA
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
+$16.6M
5
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$15.8M

Top Sells

Rank Stock Value
1
DCUE
Dominion Energy, Inc. 2019 Series A Corporate Units
DCUE
+$19.2M
2
AEP icon
American Electric Power
AEP
+$15M
3
SWT
Stanley Black & Decker, Inc.
SWT
+$4.06M
4
TSLX icon
Sixth Street Specialty
TSLX
+$2.28M
5
DXCM icon
DexCom
DXCM
+$1.72M

Sector Composition

Rank Sector Weight
1 Technology 4.82%
2 Utilities 4.2%
3 Industrials 2.25%
4 Healthcare 1.33%
5 Energy 0.89%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EXPE icon
76
Expedia Group
EXPE
$38.5B
– –
-4,000
Closed -$783K
ITT icon
77
ITT
ITT
$19.4B
– –
-4,225
Closed -$318K
MU icon
78
Micron Technology
MU
$981B
– –
-17,372
Closed -$1.35M
TDUP icon
79
ThredUp
TDUP
$412M
$0 ﹤0.01%
80
-14,520
-99% -$78.4K
VRT icon
80
Vertiv
VRT
$108B
$0 ﹤0.01%
10
– –
DCUE
81
DELISTED
Dominion Energy, Inc. 2019 Series A Corporate Units
DCUE
– –
-188,710
Closed -$19.2M
SBNY
82
DELISTED
Signature Bank
SBNY
– –
-5,160
Closed -$1.51M
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 Q2 2022 Portfolio in Review

As of Q2 2022, Pier 88 Investment Partners held 111 positions worth $425M, up 52% from $279M the previous quarter. Its ten largest holdings account for 40% of the portfolio.

Pier 88 Investment Partners withdrew a net $20.8M in Q2 2022, closing 7 positions and reducing 30 holdings. Its most notable exit was Dominion Energy, Inc. 2019 Series A Corporate Units, an estimated $19.2M position sold in full.

By sector, the portfolio is most concentrated in Technology at 4.8% of assets, down from 10% a quarter earlier, followed by Utilities and Industrials.

Against the trend, Pier 88 Investment Partners opened a new position in Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6.00% Mandatory Convertible Preferred Stock, Series B worth $20.3M.

  • Pier 88 Investment Partners's largest Q2 2022 buy was Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6.00% Mandatory Convertible Preferred Stock, Series B: 409,610 shares worth $20.3M.
  • Pier 88 Investment Partners added most to NextEra Energy, Inc. 6.219% Corporate Units in Q2 2022, an estimated $1.52M increase.
  • Pier 88 Investment Partners's biggest Q2 2022 reduction was Stanley Black & Decker, Inc., cutting an estimated $4.06M.
  • Pier 88 Investment Partners fully exited Dominion Energy, Inc. 2019 Series A Corporate Units in Q2 2022, selling an estimated $19.2M.
  • Pier 88 Investment Partners's ten largest holdings make up 40% of its $425M portfolio in Q2 2022.
  • Pier 88 Investment Partners opened 12 new positions and closed 7 in Q2 2022.
  • Pier 88 Investment Partners's portfolio value rose 52% quarter-over-quarter to $425M.

Based on Pier 88 Investment Partners's 13F filing for Q2 2022, filed 12 Aug 2022.