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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
+15.32%
1 Year Est. Return
+10.13%
3 Year Est. Return
+26.75%
5 Year Est. Return
+35.35%
10 Year Est. Return
–
AUM
$352M
AUM Growth
+$77.8M
Cap. Flow
-$109M
Cap. Flow %
-30.85%
Top 10 Hldgs %
32.55%
Holding
122
New
21
Increased
31
Reduced
23
Closed
11

Top Buys

Rank Stock Value
1
BSX.PRA
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
+$9.27M
2
SWK icon
Stanley Black & Decker
SWK
+$6.05M
3
AVGOP
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
+$3.91M
4
LSCC icon
Lattice Semiconductor
LSCC
+$1.75M
5
AQUA
Evoqua Water Technologies Corp. Common Stock
AQUA
+$1.5M

Top Sells

Rank Stock Value
1
SWP
Stanley Black & Decker, Inc. Corporate Units
SWP
+$5.91M
2
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$4.1M
3
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$4.05M
4
DCUE
Dominion Energy, Inc. 2019 Series A Corporate Units
DCUE
+$2.99M
5
MODN
MODEL N, INC.
MODN
+$1.35M

Sector Composition

Rank Sector Weight
1 Technology 6.95%
2 Healthcare 4.89%
3 Industrials 3.79%
4 Utilities 3.4%
5 Consumer Discretionary 1.41%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AEPPL
1
DELISTED
American Electric Power Company, Inc. Corporate Unit
AEPPL
$12.3M 3.5%
254,030
-7,800
-3% -$392K
SOLN
2
DELISTED
The Southern Company
SOLN
$12M 3.4%
271,722
-8,200
-3% -$385K
DCUE
3
DELISTED
Dominion Energy, Inc. 2019 Series A Corporate Units
DCUE
$11.2M 3.17%
110,050
-29,500
-21% -$2.99M
NEE.PRO
4
DELISTED
NextEra Energy, Inc. 4.872% Corporate Units
NEE.PRO
$9.34M 2.66%
192,490
– –
AVGOP
5
DELISTED
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
$9.18M 2.61%
8,235
+3,765
+84% +$3.91M
BSX.PRA
6
DELISTED
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
$9.07M 2.58%
+86,580
New +$9.27M
CCI.PRA
7
DELISTED
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
$8.54M 2.43%
5,750
+460
+9% +$657K
DTP
8
DELISTED
DTE Energy Company 2019 Corporate Units
DTP
$7.95M 2.26%
187,800
-7,800
-4% -$323K
BAC.PRL icon
9
Bank of America Series L
BAC.PRL
$3.97B
$7.36M 2.09%
5,480
-3,030
-36% -$4.1M
WFC.PRL icon
10
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.72B
$7.16M 2.04%
5,523
-3,025
-35% -$4.05M
SWK icon
11
Stanley Black & Decker
SWK
$14.8B
$6.99M 1.99%
+50,138
New +$6.05M
DHR.PRA
12
DELISTED
Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A
DHR.PRA
$5.76M 1.64%
4,623
– –
NEE.PRP
13
DELISTED
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
$4.1M 1.17%
96,660
– –
SWT
14
DELISTED
Stanley Black & Decker, Inc.
SWT
$2.76M 0.78%
30,811
+4,970
+19% +$405K
ETSY icon
15
Etsy
ETSY
$7.89B
$2.36M 0.67%
22,246
+985
+5% +$72.9K
GLD icon
16
SPDR Gold Trust
GLD
$131B
$2.29M 0.65%
13,700
-3,500
-20% -$565K
LSCC icon
17
Lattice Semiconductor
LSCC
$18B
$2.13M 0.6%
+74,845
New +$1.75M
MPWR icon
18
Monolithic Power Systems
MPWR
$66B
$2.07M 0.59%
8,747
-6
-0.1% -$1.22K
GSHD icon
19
Goosehead Insurance
GSHD
$2.33B
$2.05M 0.58%
27,265
+8,195
+43% +$475K
HUBS icon
20
HubSpot
HUBS
$12.3B
$1.92M 0.54%
8,539
+2,099
+33% +$377K
CRWD icon
21
CrowdStrike
CRWD
$206B
$1.83M 0.52%
+72,820
New +$1.46M
MIME
22
DELISTED
Mimecast Limited
MIME
$1.79M 0.51%
43,001
+8,211
+24% +$323K
TDOC icon
23
Teladoc Health
TDOC
$1.21B
$1.78M 0.51%
9,316
+1,096
+13% +$192K
SPLK
24
DELISTED
Splunk Inc
SPLK
$1.7M 0.48%
8,540
+740
+9% +$117K
AQUA
25
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
$1.69M 0.48%
+90,845
New +$1.5M
1
2 3 4

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Pier 88 Investment Partners's Q2 2020 Portfolio in Review

As of Q2 2020, Pier 88 Investment Partners held 122 positions worth $352M, up 28% from $274M the previous quarter. Its ten largest holdings account for 33% of the portfolio.

Pier 88 Investment Partners withdrew a net $109M in Q2 2020, closing 11 positions and reducing 23 holdings. Its most notable exit was Stanley Black & Decker, Inc. Corporate Units, an estimated $5.91M position sold in full.

By sector, the portfolio is most concentrated in Technology at 6.9% of assets, up from 5.9% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Pier 88 Investment Partners opened a new position in Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A worth $9.07M.

  • Pier 88 Investment Partners's largest Q2 2020 buy was Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A: 86,580 shares worth $9.07M.
  • Pier 88 Investment Partners added most to Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A in Q2 2020, an estimated $3.91M increase.
  • Pier 88 Investment Partners's biggest Q2 2020 reduction was Bank of America Series L, cutting an estimated $4.1M.
  • Pier 88 Investment Partners fully exited Stanley Black & Decker, Inc. Corporate Units in Q2 2020, selling an estimated $5.91M.
  • Pier 88 Investment Partners's ten largest holdings make up 33% of its $352M portfolio in Q2 2020.
  • Pier 88 Investment Partners opened 21 new positions and closed 11 in Q2 2020.
  • Pier 88 Investment Partners's portfolio value rose 28% quarter-over-quarter to $352M.

Based on Pier 88 Investment Partners's 13F filing for Q2 2020, filed 14 Aug 2020.