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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
+2.82%
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
+$750K
Cap. Flow
-$256M
Cap. Flow %
-61.87%
Top 10 Hldgs %
45.8%
Holding
101
New
8
Increased
22
Reduced
21
Closed
12

Top Buys

Rank Stock Value
1
AEPPZ
American Electric Power Company, Inc. Corporate Units
AEPPZ
+$6.24M
2
CRM icon
Salesforce
CRM
+$3.12M
3
MOG.A icon
Moog Inc Class A
MOG.A
+$2.54M
4
ATI icon
ATI
ATI
+$2.51M
5
TW icon
Tradeweb Markets
TW
+$2.19M

Top Sells

Rank Stock Value
1
DHR.PRB
Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B
DHR.PRB
+$19.5M
2
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$18.1M
3
NEE.PRP
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
+$15.2M
4
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$11.4M
5
BSX.PRA
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
+$10.2M

Sector Composition

Rank Sector Weight
1 Technology 5.5%
2 Industrials 3.46%
3 Healthcare 2.17%
4 Financials 1.09%
5 Consumer Discretionary 1.05%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DHR.PRB
76
DELISTED
Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B
DHR.PRB
– –
-14,364
Closed -$19.5M
NEE.PRP
77
DELISTED
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
– –
-299,134
Closed -$15.2M
SIVB
78
DELISTED
SVB Financial Group
SIVB
– –
-185
Closed -$42.6K
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 Q1 2023 Portfolio in Review

As of Q1 2023, Pier 88 Investment Partners held 101 positions worth $413M, up 0.18% from $413M the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Pier 88 Investment Partners withdrew a net $256M in Q1 2023, closing 12 positions and reducing 21 holdings. Its most notable exit was Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B, an estimated $19.5M position sold in full.

By sector, the portfolio is most concentrated in Technology at 5.5% of assets, up from 3.2% a quarter earlier, followed by Industrials and Healthcare.

Against the trend, Pier 88 Investment Partners opened a new position in Salesforce worth $3.69M.

  • Pier 88 Investment Partners's largest Q1 2023 buy was Salesforce: 18,483 shares worth $3.69M.
  • Pier 88 Investment Partners added most to American Electric Power Company, Inc. Corporate Units in Q1 2023, an estimated $6.24M increase.
  • Pier 88 Investment Partners's biggest Q1 2023 reduction was Wells Fargo 7.5% Non Cumv Perp Conv, cutting an estimated $18.1M.
  • Pier 88 Investment Partners fully exited Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B in Q1 2023, selling an estimated $19.5M.
  • Pier 88 Investment Partners's ten largest holdings make up 46% of its $413M portfolio in Q1 2023.
  • Pier 88 Investment Partners opened 8 new positions and closed 12 in Q1 2023.
  • Pier 88 Investment Partners's portfolio value rose 0.18% quarter-over-quarter to $413M.

Based on Pier 88 Investment Partners's 13F filing for Q1 2023, filed 9 May 2023.