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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
+2.71%
1 Year Est. Return
+14.71%
3 Year Est. Return
+36.1%
5 Year Est. Return
+43.13%
10 Year Est. Return
–
AUM
$413M
AUM Growth
-$7.99M
Cap. Flow
-$207M
Cap. Flow %
-50.27%
Top 10 Hldgs %
46.61%
Holding
103
New
5
Increased
25
Reduced
27
Closed
9

Top Buys

Rank Stock Value
1
DHR.PRB
Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B
DHR.PRB
+$6.77M
2
KKR.PRC
KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock
KKR.PRC
+$5.57M
3
AEPPZ
American Electric Power Company, Inc. Corporate Units
AEPPZ
+$3.04M
4
NIMC
NiSource Inc. Series A Corporate Units
NIMC
+$3.01M
5
NEE.PRP
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
+$2.9M

Top Sells

Rank Stock Value
1
DTP
DTE Energy Company 2019 Corporate Units
DTP
+$10.5M
2
AVGO icon
Broadcom
AVGO
+$10M
3
SWT
Stanley Black & Decker, Inc.
SWT
+$3.5M
4
PANW icon
Palo Alto Networks
PANW
+$3.19M
5
SO icon
Southern Company
SO
+$1.72M

Sector Composition

Rank Sector Weight
1 Technology 3.17%
2 Industrials 2.81%
3 Healthcare 1.68%
4 Consumer Discretionary 1.09%
5 Energy 0.61%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SWT
76
DELISTED
Stanley Black & Decker, Inc.
SWT
– –
-71,070
Closed -$3.5M
DTP
77
DELISTED
DTE Energy Company 2019 Corporate Units
DTP
– –
-210,150
Closed -$10.5M
AVGOP
78
DELISTED
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
– –
-240
Closed -$338K
HZNP
79
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
– –
-17,180
Closed -$1.06M
1 2 3
4

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AI
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CMHI
CVC Management Holdings II St. Helier, Jersey $420M AUM 0.05% 1-Year Est. Return
MMG
Monetary Management Group St Louis, Missouri $419M AUM 29.55% 1-Year Est. Return
DBRC
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DS
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PIMC
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VIS
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Pier 88 Investment Partners's Q4 2022 Portfolio in Review

As of Q4 2022, Pier 88 Investment Partners held 103 positions worth $413M, down 1.9% from $421M the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Pier 88 Investment Partners withdrew a net $207M in Q4 2022, closing 9 positions and reducing 27 holdings. Its most notable exit was DTE Energy Company 2019 Corporate Units, an estimated $10.5M position sold in full.

By sector, the portfolio is most concentrated in Technology at 3.2% of assets, down from 7.3% a quarter earlier, followed by Industrials and Healthcare.

Against the trend, Pier 88 Investment Partners opened a new position in State Street SPDR S&P 500 ETF Trust worth $1.26M.

  • Pier 88 Investment Partners's largest Q4 2022 buy was State Street SPDR S&P 500 ETF Trust: 3,300 shares worth $1.26M.
  • Pier 88 Investment Partners added most to Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B in Q4 2022, an estimated $6.77M increase.
  • Pier 88 Investment Partners's biggest Q4 2022 reduction was Palo Alto Networks, cutting an estimated $3.19M.
  • Pier 88 Investment Partners fully exited DTE Energy Company 2019 Corporate Units in Q4 2022, selling an estimated $10.5M.
  • Pier 88 Investment Partners's ten largest holdings make up 47% of its $413M portfolio in Q4 2022.
  • Pier 88 Investment Partners opened 5 new positions and closed 9 in Q4 2022.
  • Pier 88 Investment Partners's portfolio value fell 1.9% quarter-over-quarter to $413M.

Based on Pier 88 Investment Partners's 13F filing for Q4 2022, filed 8 Feb 2023.