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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
+4.21%
1 Year Est. Return
+14.71%
3 Year Est. Return
+36.1%
5 Year Est. Return
+43.13%
10 Year Est. Return
–
AUM
$398M
AUM Growth
-$3.82M
Cap. Flow
-$249M
Cap. Flow %
-62.65%
Top 10 Hldgs %
51.43%
Holding
102
New
6
Increased
15
Reduced
41
Closed
7

Top Buys

Rank Stock Value
1
NEE.PRR
NextEra Energy, Inc. 6.926% Corporate Units
NEE.PRR
+$6.63M
2
APO.PRA
Apollo Global Management Series A
APO.PRA
+$4.81M
3
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$4.52M
4
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$2.32M
5
NET icon
Cloudflare
NET
+$1.52M

Top Sells

Rank Stock Value
1
PXD
Pioneer Natural Resource Co.
PXD
+$3.68M
2
RBCP
RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock
RBCP
+$3.22M
3
QQQ icon
Invesco QQQ Trust
QQQ
+$2.16M
4
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$2M
5
SPLK
Splunk Inc
SPLK
+$1.97M

Sector Composition

Rank Sector Weight
1 Technology 6.4%
2 Consumer Discretionary 3.15%
3 Industrials 2.29%
4 Healthcare 1.34%
5 Energy 0.88%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FSR
76
DELISTED
Fisker Inc.
FSR
– –
-42,540
Closed -$273K
MRTX
77
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
– –
-16,440
Closed -$716K
1 2 3
4

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CMHI
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MMG
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DBRC
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PIMC
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VIS
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Pier 88 Investment Partners's Q4 2023 Portfolio in Review

As of Q4 2023, Pier 88 Investment Partners held 102 positions worth $398M, down 0.95% from $401M the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Pier 88 Investment Partners withdrew a net $249M in Q4 2023, closing 7 positions and reducing 41 holdings. Its most notable exit was RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock, an estimated $3.22M position sold in full.

By sector, the portfolio is most concentrated in Technology at 6.4% of assets, down from 7% a quarter earlier, followed by Consumer Discretionary and Industrials.

Against the trend, Pier 88 Investment Partners opened a new position in iShares Russell 2000 Growth ETF worth $1.34M.

  • Pier 88 Investment Partners's largest Q4 2023 buy was iShares Russell 2000 Growth ETF: 5,300 shares worth $1.34M.
  • Pier 88 Investment Partners added most to NextEra Energy, Inc. 6.926% Corporate Units in Q4 2023, an estimated $6.63M increase.
  • Pier 88 Investment Partners's biggest Q4 2023 reduction was Pioneer Natural Resource Co., cutting an estimated $3.68M.
  • Pier 88 Investment Partners fully exited RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock in Q4 2023, selling an estimated $3.22M.
  • Pier 88 Investment Partners's ten largest holdings make up 51% of its $398M portfolio in Q4 2023.
  • Pier 88 Investment Partners opened 6 new positions and closed 7 in Q4 2023.
  • Pier 88 Investment Partners's portfolio value fell 0.95% quarter-over-quarter to $398M.

Based on Pier 88 Investment Partners's 13F filing for Q4 2023, filed 12 Feb 2024.