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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
+2.28%
1 Year Est. Return
+10.13%
3 Year Est. Return
+26.75%
5 Year Est. Return
+35.35%
10 Year Est. Return
–
AUM
$253M
AUM Growth
-$5.3M
Cap. Flow
-$115M
Cap. Flow %
-45.52%
Top 10 Hldgs %
45.07%
Holding
104
New
15
Increased
17
Reduced
32
Closed
8

Top Buys

Rank Stock Value
1
NEE.PRO
NextEra Energy, Inc. 4.872% Corporate Units
NEE.PRO
+$7.91M
2
AVGOP
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
+$6.62M
3
DHR.PRA
Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A
DHR.PRA
+$4.95M
4
SWT
Stanley Black & Decker, Inc.
SWT
+$2.72M
5
TNDM icon
Tandem Diabetes Care
TNDM
+$744K

Top Sells

Rank Stock Value
1
CNP.PRB
CenterPoint Energy, Inc. Depositary Shares Each Representing a 1/20th Interest in a Share of 7.00% S
CNP.PRB
+$5.12M
2
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$4.22M
3
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$4.2M
4
SWP
Stanley Black & Decker, Inc. Corporate Units
SWP
+$3.43M
5
CCI.PRA
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
+$2.78M

Sector Composition

Rank Sector Weight
1 Utilities 5.22%
2 Technology 3.69%
3 Healthcare 2.49%
4 Industrials 1.2%
5 Financials 0.81%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SOLN
1
DELISTED
The Southern Company
SOLN
$13.2M 5.22%
244,489
-5,731
-2% -$304K
DCUE
2
DELISTED
Dominion Energy, Inc. 2019 Series A Corporate Units
DCUE
$13.2M 5.2%
122,914
-2,866
-2% -$304K
AEPPL
3
DELISTED
American Electric Power Company, Inc. Corporate Unit
AEPPL
$12.4M 4.9%
228,909
-4,991
-2% -$270K
SWP
4
DELISTED
Stanley Black & Decker, Inc. Corporate Units
SWP
$10.8M 4.26%
98,595
-32,785
-25% -$3.43M
WFC.PRL icon
5
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.71B
$9.51M 3.76%
6,555
-2,847
-30% -$4.2M
BAC.PRL icon
6
Bank of America Series L
BAC.PRL
$3.97B
$9.41M 3.73%
6,497
-2,849
-30% -$4.22M
BDXA
7
DELISTED
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6
BDXA
$8.3M 3.28%
126,733
-2,762
-2% -$171K
NEE.PRO
8
DELISTED
NextEra Energy, Inc. 4.872% Corporate Units
NEE.PRO
$8.09M 3.2%
+157,777
New +$7.91M
AVGOP
9
DELISTED
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
$6.94M 2.75%
+5,891
New +$6.62M
DHR.PRA
10
DELISTED
Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A
DHR.PRA
$5.19M 2.05%
+4,400
New +$4.95M
CCI.PRA
11
DELISTED
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
$5M 1.98%
3,900
-2,265
-37% -$2.78M
CNP.PRB
12
DELISTED
CenterPoint Energy, Inc. Depositary Shares Each Representing a 1/20th Interest in a Share of 7.00% S
CNP.PRB
$4.86M 1.92%
99,602
-104,988
-51% -$5.12M
SWT
13
DELISTED
Stanley Black & Decker, Inc.
SWT
$2.82M 1.11%
+25,841
New +$2.72M
MODN
14
DELISTED
MODEL N, INC.
MODN
$1.32M 0.52%
37,745
-19,200
-34% -$584K
WBS icon
15
Webster Financial
WBS
$12.5B
$1.03M 0.41%
19,285
+1,175
+6% +$56.5K
EWBC icon
16
East-West Bancorp
EWBC
$17.9B
$1.02M 0.4%
20,955
+2,370
+13% +$107K
CSFL
17
DELISTED
CenterState Bank Corporation Common Stock
CSFL
$982K 0.39%
39,310
+330
+0.8% +$8.26K
EFOR
18
Everforth Inc
EFOR
$1.17B
$944K 0.37%
13,305
-5,000
-27% -$326K
PODD icon
19
Insulet
PODD
$11.5B
$874K 0.35%
5,105
+900
+21% +$150K
TLND
20
DELISTED
Talend S.A. American Depositary Shares
TLND
$864K 0.34%
22,079
+1,490
+7% +$54.9K
EVOP
21
DELISTED
EVO Payments, Inc. Class A Common Stock
EVOP
$857K 0.34%
32,441
-1,940
-6% -$53.4K
CSOD
22
DELISTED
Cornerstone OnDemand, Inc.
CSOD
$820K 0.32%
14,013
– –
MPWR icon
23
Monolithic Power Systems
MPWR
$70.1B
$765K 0.3%
4,298
-3,605
-46% -$576K
AYX
24
DELISTED
Alteryx Inc
AYX
$763K 0.3%
7,625
+1,090
+17% +$111K
DNLI icon
25
Denali Therapeutics
DNLI
$3.65B
$732K 0.29%
42,000
+1,390
+3% +$23.1K
1
2 3 4

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Pier 88 Investment Partners's Q4 2019 Portfolio in Review

As of Q4 2019, Pier 88 Investment Partners held 104 positions worth $253M, down 2.1% from $258M the previous quarter. Its ten largest holdings account for 45% of the portfolio.

Pier 88 Investment Partners withdrew a net $115M in Q4 2019, closing 8 positions and reducing 32 holdings. Its most notable exit was Alexandria Real Estate Equities Inc 7.00% Series D Preferred Stock, an estimated $2.43M position sold in full.

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

Against the trend, Pier 88 Investment Partners opened a new position in NextEra Energy, Inc. 4.872% Corporate Units worth $8.09M.

  • Pier 88 Investment Partners's largest Q4 2019 buy was NextEra Energy, Inc. 4.872% Corporate Units: 157,777 shares worth $8.09M.
  • Pier 88 Investment Partners added most to ZENDESK INC in Q4 2019, an estimated $316K increase.
  • Pier 88 Investment Partners's biggest Q4 2019 reduction was CenterPoint Energy, Inc. Depositary Shares Each Representing a 1/20th Interest in a Share of 7.00% S, cutting an estimated $5.12M.
  • Pier 88 Investment Partners fully exited Alexandria Real Estate Equities Inc 7.00% Series D Preferred Stock in Q4 2019, selling an estimated $2.43M.
  • Pier 88 Investment Partners's ten largest holdings make up 45% of its $253M portfolio in Q4 2019.
  • Pier 88 Investment Partners opened 15 new positions and closed 8 in Q4 2019.
  • Pier 88 Investment Partners's portfolio value fell 2.1% quarter-over-quarter to $253M.

Based on Pier 88 Investment Partners's 13F filing for Q4 2019, filed 14 Feb 2020.