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Pier 88 Investment Partners Portfolio holdings

AUM $390M
1-Year Est. Return 10.13%
This Fund
S&P 500
This Quarter Est. Return
+1.77%
1 Year Est. Return
+10.13%
3 Year Est. Return
+26.75%
5 Year Est. Return
+35.35%
10 Year Est. Return
–
AUM
$258M
AUM Growth
+$22.3M
Cap. Flow
-$87.6M
Cap. Flow %
-33.97%
Top 10 Hldgs %
50.04%
Holding
96
New
4
Increased
38
Reduced
15
Closed
7

Top Buys

Rank Stock Value
1
SOLN
The Southern Company
SOLN
+$13.1M
2
CNP.PRB
CenterPoint Energy, Inc. Depositary Shares Each Representing a 1/20th Interest in a Share of 7.00% S
CNP.PRB
+$4.44M
3
BDXA
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
+$4.31M
4
SWP
Stanley Black & Decker, Inc. Corporate Units
SWP
+$2.29M
5
CCI.PRA
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
+$947K

Top Sells

Rank Stock Value
1
NEE.PRR
NextEra Energy, Inc.
NEE.PRR
+$12.6M
2
DTV
DTE Energy Company 2016 Corporate Units
DTV
+$9.95M
3
SFLY
Shutterfly, Inc.
SFLY
+$954K
4
ROKU icon
Roku
ROKU
+$940K
5
TDOC icon
Teladoc Health
TDOC
+$805K

Sector Composition

Rank Sector Weight
1 Utilities 5.19%
2 Technology 4.35%
3 Healthcare 1.57%
4 Industrials 1.52%
5 Communication Services 1.2%
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
$4.71B
$14.3M 5.55%
9,402
+27
+0.3% +$38.5K
BAC.PRL icon
2
Bank of America Series L
BAC.PRL
$3.97B
$14M 5.43%
9,346
+26
+0.3% +$37.2K
SOLN
3
DELISTED
The Southern Company
SOLN
$13.4M 5.19%
+250,220
New +$13.1M
DCUE
4
DELISTED
Dominion Energy, Inc. 2019 Series A Corporate Units
DCUE
$13.3M 5.16%
125,780
+4,080
+3% +$420K
SWP
5
DELISTED
Stanley Black & Decker, Inc. Corporate Units
SWP
$13.2M 5.12%
131,380
+23,035
+21% +$2.29M
AEPPL
6
DELISTED
American Electric Power Company, Inc. Corporate Unit
AEPPL
$12.9M 4.99%
233,900
+2,200
+0.9% +$122K
CNP.PRB
7
DELISTED
CenterPoint Energy, Inc. Depositary Shares Each Representing a 1/20th Interest in a Share of 7.00% S
CNP.PRB
$10.7M 4.14%
204,590
+87,300
+74% +$4.44M
BDXA
8
DELISTED
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
$8.02M 3.11%
129,495
+69,530
+116% +$4.31M
CCI.PRA
9
DELISTED
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
$7.78M 3.02%
6,165
+755
+14% +$947K
ARE.PRD
10
DELISTED
Alexandria Real Estate Equities Inc 7.00% Series D Preferred Stock
ARE.PRD
$2.43M 0.94%
62,651
– –
GLD icon
11
SPDR Gold Trust
GLD
$131B
$2.33M 0.9%
16,800
– –
MODN
12
DELISTED
MODEL N, INC.
MODN
$1.58M 0.61%
56,945
-3,853
-6% -$95.7K
MPWR icon
13
Monolithic Power Systems
MPWR
$70.1B
$1.23M 0.48%
7,903
+1,415
+22% +$212K
EFOR
14
Everforth Inc
EFOR
$1.17B
$1.15M 0.45%
18,305
– –
ACRE
15
Ares Commercial Real Estate
ACRE
$236M
$1.07M 0.42%
70,600
– –
INXN
16
DELISTED
Interxion Holding N.V.
INXN
$1.02M 0.4%
12,520
+1,400
+13% +$109K
EVOP
17
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
$967K 0.37%
34,381
-5,659
-14% -$166K
SOXX icon
18
iShares Semiconductor ETF
SOXX
$41.7B
$962K 0.37%
+13,650
New +$942K
AXE
19
DELISTED
Anixter International Inc
AXE
$961K 0.37%
13,900
+3,185
+30% +$195K
EEFT icon
20
Euronet Worldwide
EEFT
$2.72B
$960K 0.37%
6,565
+115
+2% +$17.8K
CSFL
21
DELISTED
CenterState Bank Corporation Common Stock
CSFL
$935K 0.36%
38,980
+16,150
+71% +$377K
TNET icon
22
TriNet
TNET
$3.02B
$906K 0.35%
14,565
+1,020
+8% +$69.6K
ETSY icon
23
Etsy
ETSY
$7.75B
$894K 0.35%
15,831
+4,715
+42% +$277K
HUBS icon
24
HubSpot
HUBS
$12.2B
$890K 0.35%
5,870
+4,955
+542% +$890K
NEWR
25
DELISTED
New Relic, Inc.
NEWR
$880K 0.34%
14,315
+12,915
+923% +$934K
1
2 3

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Pier 88 Investment Partners's Q3 2019 Portfolio in Review

As of Q3 2019, Pier 88 Investment Partners held 96 positions worth $258M, up 9.4% from $236M the previous quarter. Its ten largest holdings account for 50% of the portfolio.

Pier 88 Investment Partners withdrew a net $87.6M in Q3 2019, closing 7 positions and reducing 15 holdings. Its most notable exit was NextEra Energy, Inc., an estimated $12.6M position sold in full.

By sector, the portfolio is most concentrated in Utilities at 5.2% of assets, followed by Technology and Healthcare.

Against the trend, Pier 88 Investment Partners opened a new position in The Southern Company worth $13.4M.

  • Pier 88 Investment Partners's largest Q3 2019 buy was The Southern Company: 250,220 shares worth $13.4M.
  • Pier 88 Investment Partners added most to CenterPoint Energy, Inc. Depositary Shares Each Representing a 1/20th Interest in a Share of 7.00% S in Q3 2019, an estimated $4.44M increase.
  • Pier 88 Investment Partners's biggest Q3 2019 reduction was Roku, cutting an estimated $940K.
  • Pier 88 Investment Partners fully exited NextEra Energy, Inc. in Q3 2019, selling an estimated $12.6M.
  • Pier 88 Investment Partners's ten largest holdings make up 50% of its $258M portfolio in Q3 2019.
  • Pier 88 Investment Partners opened 4 new positions and closed 7 in Q3 2019.
  • Pier 88 Investment Partners's portfolio value rose 9.4% quarter-over-quarter to $258M.

Based on Pier 88 Investment Partners's 13F filing for Q3 2019, filed 14 Nov 2019.