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P8IP

Pier 88 Investment Partners Portfolio holdings

AUM $402M
1-Year Est. Return 10.33%
This Fund
S&P 500
This Quarter Est. Return
+2.03%
1 Year Est. Return
+10.33%
3 Year Est. Return
+26.98%
5 Year Est. Return
+35.59%
10 Year Est. Return
–
AUM
$236M
AUM Growth
+$18.6M
Cap. Flow
-$67.4M
Cap. Flow %
-28.61%
Top 10 Hldgs %
48.87%
Holding
107
New
9
Increased
25
Reduced
23
Closed
8

Top Buys

Rank Stock Value
1
DCUE
Dominion Energy, Inc. 2019 Series A Corporate Units
DCUE
+$12.6M
2
AEPPL
American Electric Power Company, Inc. Corporate Unit
AEPPL
+$12.1M
3
CCI.PRA
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
+$5.93M
4
GLD icon
SPDR Gold Trust
GLD
+$2.08M
5
ARE.PRD
Alexandria Real Estate Equities Inc 7.00% Series D Preferred Stock
ARE.PRD
+$1.13M

Top Sells

Rank Stock Value
1
DCUD
Dominion Energy, Inc 2016 Series A Corporate Units
DCUD
+$11M
2
MLNX
Mellanox Technologies, Ltd.
MLNX
+$1.12M
3
CLDR
Cloudera, Inc.
CLDR
+$719K
4
PTLA
Portola Pharmaceuticals, Inc.
PTLA
+$712K
5
EHTH icon
eHealth
EHTH
+$667K

Sector Composition

Rank Sector Weight
1 Technology 4.17%
2 Healthcare 1.85%
3 Industrials 1.67%
4 Communication Services 1.43%
5 Consumer Discretionary 0.95%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WFC.PRL icon
1
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.68B
$12.8M 5.43%
9,375
+75
+0.8% +$99.1K
BAC.PRL icon
2
Bank of America Series L
BAC.PRL
$3.93B
$12.8M 5.43%
9,320
+100
+1% +$133K
DCUE
3
DELISTED
Dominion Energy, Inc. 2019 Series A Corporate Units
DCUE
$12.6M 5.35%
+121,700
New +$12.6M
NEE.PRR
4
DELISTED
NextEra Energy, Inc.
NEE.PRR
$12.6M 5.34%
193,710
– –
AEPPL
5
DELISTED
American Electric Power Company, Inc. Corporate Unit
AEPPL
$12.4M 5.26%
+231,700
New +$12.1M
SWP
6
DELISTED
Stanley Black & Decker, Inc. Corporate Units
SWP
$11M 4.65%
108,345
+6,350
+6% +$637K
DTV
7
DELISTED
DTE Energy Company 2016 Corporate Units
DTV
$9.95M 4.22%
177,100
– –
CCI.PRA
8
DELISTED
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
$6.5M 2.76%
5,410
+5,030
+1,324% +$5.93M
CNP.PRB
9
DELISTED
CenterPoint Energy, Inc. Depositary Shares Each Representing a 1/20th Interest in a Share of 7.00% S
CNP.PRB
$5.89M 2.5%
117,290
– –
BDXA
10
DELISTED
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
$3.71M 1.57%
59,965
+1,690
+3% +$100K
ARE.PRD
11
DELISTED
Alexandria Real Estate Equities Inc 7.00% Series D Preferred Stock
ARE.PRD
$2.39M 1.01%
62,651
+29,800
+91% +$1.13M
GLD icon
12
SPDR Gold Trust
GLD
$131B
$2.24M 0.95%
+16,800
New +$2.08M
EVOP
13
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
$1.26M 0.54%
40,040
-1,040
-3% -$30.3K
MODN
14
DELISTED
MODEL N, INC.
MODN
$1.19M 0.5%
60,798
-665
-1% -$12.2K
EFOR
15
Everforth Inc
EFOR
$960M
$1.11M 0.47%
18,305
+5,020
+38% +$302K
EEFT icon
16
Euronet Worldwide
EEFT
$3.19B
$1.08M 0.46%
6,450
+835
+15% +$128K
ACRE
17
Ares Commercial Real Estate
ACRE
$247M
$1.05M 0.45%
70,600
– –
ROKU icon
18
Roku
ROKU
$21.6B
$1.05M 0.44%
11,570
-1,500
-11% -$120K
TDOC icon
19
Teladoc Health
TDOC
$1.66B
$991K 0.42%
14,925
+9,635
+182% +$562K
FPI
20
Farmland Partners
FPI
$415M
$974K 0.41%
138,108
-6,565
-5% -$42.5K
SFLY
21
DELISTED
Shutterfly, Inc.
SFLY
$954K 0.4%
18,863
-5,090
-21% -$233K
TNET icon
22
TriNet
TNET
$3.23B
$918K 0.39%
13,545
+760
+6% +$48.3K
MPWR icon
23
Monolithic Power Systems
MPWR
$61.4B
$881K 0.37%
6,488
+1,330
+26% +$181K
SFIX
24
Stitch Fix
SFIX
$566M
$861K 0.37%
26,910
+3,350
+14% +$89.9K
INXN
25
DELISTED
Interxion Holding N.V.
INXN
$846K 0.36%
11,120
-1,785
-14% -$127K
1
2 3

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Pier 88 Investment Partners's Q2 2019 Portfolio in Review

As of Q2 2019, Pier 88 Investment Partners held 107 positions worth $236M, up 8.6% from $217M the previous quarter. Its ten largest holdings account for 49% of the portfolio.

Pier 88 Investment Partners withdrew a net $67.4M in Q2 2019, closing 8 positions and reducing 23 holdings. Its most notable exit was Dominion Energy, Inc 2016 Series A Corporate Units, an estimated $11M position sold in full.

By sector, the portfolio is most concentrated in Technology at 4.2% of assets, down from 5.1% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Pier 88 Investment Partners opened a new position in Dominion Energy, Inc. 2019 Series A Corporate Units worth $12.6M.

  • Pier 88 Investment Partners's largest Q2 2019 buy was Dominion Energy, Inc. 2019 Series A Corporate Units: 121,700 shares worth $12.6M.
  • Pier 88 Investment Partners added most to Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A in Q2 2019, an estimated $5.93M increase.
  • Pier 88 Investment Partners's biggest Q2 2019 reduction was Chegg, cutting an estimated $636K.
  • Pier 88 Investment Partners fully exited Dominion Energy, Inc 2016 Series A Corporate Units in Q2 2019, selling an estimated $11M.
  • Pier 88 Investment Partners's ten largest holdings make up 49% of its $236M portfolio in Q2 2019.
  • Pier 88 Investment Partners opened 9 new positions and closed 8 in Q2 2019.
  • Pier 88 Investment Partners's portfolio value rose 8.6% quarter-over-quarter to $236M.

Based on Pier 88 Investment Partners's 13F filing for Q2 2019, filed 8 Aug 2019.