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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
-1.5%
1 Year Est. Return
+14.71%
3 Year Est. Return
+36.1%
5 Year Est. Return
+43.13%
10 Year Est. Return
–
AUM
$421M
AUM Growth
-$4.22M
Cap. Flow
-$185M
Cap. Flow %
-43.97%
Top 10 Hldgs %
41.46%
Holding
106
New
5
Increased
24
Reduced
25
Closed
6

Top Buys

Rank Stock Value
1
AVGO icon
Broadcom
AVGO
+$10.4M
2
AEPPZ
American Electric Power Company, Inc. Corporate Units
AEPPZ
+$6.24M
3
NEE.PRP
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
+$4.55M
4
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$4.13M
5
DHR.PRB
Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B
DHR.PRB
+$3.06M

Top Sells

Rank Stock Value
1
SOLN
The Southern Company
SOLN
+$16.3M
2
AVGOP
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
+$12.3M
3
NEE.PRO
NextEra Energy, Inc. 4.872% Corporate Units
NEE.PRO
+$10.4M
4
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
+$1.68M
5
PXD
Pioneer Natural Resource Co.
PXD
+$1.48M

Sector Composition

Rank Sector Weight
1 Technology 7.28%
2 Industrials 2.54%
3 Healthcare 1.73%
4 Consumer Discretionary 0.76%
5 Financials 0.55%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VRT icon
76
Vertiv
VRT
$108B
$0 ﹤0.01%
10
– –
EVOP
77
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
– –
-47,379
Closed -$1.11M
PING
78
DELISTED
Ping Identity Holding Corp.
PING
– –
-62,950
Closed -$1.14M
SOLN
79
DELISTED
The Southern Company
SOLN
– –
-307,954
Closed -$16.3M
NEE.PRO
80
DELISTED
NextEra Energy, Inc. 4.872% Corporate Units
NEE.PRO
– –
-184,723
Closed -$10.4M
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 2022 Portfolio in Review

As of Q3 2022, Pier 88 Investment Partners held 106 positions worth $421M, down 0.99% from $425M the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Pier 88 Investment Partners withdrew a net $185M in Q3 2022, closing 6 positions and reducing 25 holdings. Its most notable exit was The Southern Company, an estimated $16.3M position sold in full.

By sector, the portfolio is most concentrated in Technology at 7.3% of assets, up from 4.8% a quarter earlier, followed by Industrials and Healthcare.

Against the trend, Pier 88 Investment Partners opened a new position in Southern Company worth $1.72M.

  • Pier 88 Investment Partners's largest Q3 2022 buy was Southern Company: 25,223 shares worth $1.72M.
  • Pier 88 Investment Partners added most to Broadcom in Q3 2022, an estimated $10.4M increase.
  • Pier 88 Investment Partners's biggest Q3 2022 reduction was Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A, cutting an estimated $12.3M.
  • Pier 88 Investment Partners fully exited The Southern Company in Q3 2022, selling an estimated $16.3M.
  • Pier 88 Investment Partners's ten largest holdings make up 41% of its $421M portfolio in Q3 2022.
  • Pier 88 Investment Partners opened 5 new positions and closed 6 in Q3 2022.
  • Pier 88 Investment Partners's portfolio value fell 0.99% quarter-over-quarter to $421M.

Based on Pier 88 Investment Partners's 13F filing for Q3 2022, filed 14 Nov 2022.