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Pier 88 Investment Partners Portfolio holdings

AUM $421M
1-Year Est. Return 14.71%
This Fund
S&P 500
This Quarter Est. Return
+7.09%
1 Year Est. Return
+14.71%
3 Year Est. Return
+36.1%
5 Year Est. Return
+43.13%
10 Year Est. Return
–
AUM
$330M
AUM Growth
-$22.2M
Cap. Flow
-$152M
Cap. Flow %
-46.04%
Top 10 Hldgs %
41.82%
Holding
123
New
13
Increased
34
Reduced
32
Closed
4

Top Buys

Rank Stock Value
1
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$8.22M
2
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$8.19M
3
SWT
Stanley Black & Decker, Inc.
SWT
+$6.46M
4
BSX.PRA
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
+$6.35M
5
DTP
DTE Energy Company 2019 Corporate Units
DTP
+$5.18M

Top Sells

Rank Stock Value
1
AVGOP
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
+$9.18M
2
CCI.PRA
Crown Castle International Corp. 6.875% Mandatory Convertible Preferred Stock, Series A
CCI.PRA
+$8.54M
3
SWK icon
Stanley Black & Decker
SWK
+$7.5M
4
OTRK
Ontrak
OTRK
+$2.57M
5
CRWD icon
CrowdStrike
CRWD
+$1.95M

Sector Composition

Rank Sector Weight
1 Technology 6.72%
2 Healthcare 5.96%
3 Utilities 3.84%
4 Industrials 2.29%
5 Consumer Staples 1.56%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BAC.PRL icon
1
Bank of America Series L
BAC.PRL
$3.99B
$16.5M 5.01%
11,090
+5,610
+102% +$8.22M
BSX.PRA
2
DELISTED
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
$16M 4.86%
143,270
+56,690
+65% +$6.35M
WFC.PRL icon
3
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.67B
$15.5M 4.72%
11,583
+6,060
+110% +$8.19M
DCUE
4
DELISTED
Dominion Energy, Inc. 2019 Series A Corporate Units
DCUE
$14.9M 4.52%
146,570
+36,520
+33% +$3.71M
AEPPL
5
DELISTED
American Electric Power Company, Inc. Corporate Unit
AEPPL
$13.9M 4.22%
286,730
+32,700
+13% +$1.62M
DTP
6
DELISTED
DTE Energy Company 2019 Corporate Units
DTP
$13.7M 4.15%
302,800
+115,000
+61% +$5.18M
SOLN
7
DELISTED
The Southern Company
SOLN
$12.6M 3.84%
271,722
– –
NEE.PRO
8
DELISTED
NextEra Energy, Inc. 4.872% Corporate Units
NEE.PRO
$10.4M 3.16%
192,490
– –
SWT
9
DELISTED
Stanley Black & Decker, Inc.
SWT
$9.79M 2.97%
97,066
+66,255
+215% +$6.46M
DHR.PRA
10
DELISTED
Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A
DHR.PRA
$6.82M 2.07%
4,623
– –
NEE.PRP
11
DELISTED
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
$4.51M 1.37%
96,660
– –
HZNP
12
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
$2.52M 0.76%
32,383
+2,502
+8% +$172K
HUBS icon
13
HubSpot
HUBS
$12.8B
$2.38M 0.72%
8,129
-410
-5% -$107K
AQUA
14
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
$2.35M 0.71%
110,994
+20,149
+22% +$402K
IMMU
15
DELISTED
Immunomedics Inc
IMMU
$2.3M 0.7%
27,023
-12,791
-32% -$647K
MPWR icon
16
Monolithic Power Systems
MPWR
$66.1B
$2.16M 0.66%
7,736
-1,011
-12% -$263K
INOV
17
DELISTED
Inovalon Holdings, Inc. Class A Common Stock
INOV
$2.08M 0.63%
78,435
+15,420
+24% +$361K
ZEN
18
DELISTED
ZENDESK INC
ZEN
$2.02M 0.61%
19,667
+587
+3% +$54.9K
LSCC icon
19
Lattice Semiconductor
LSCC
$18.2B
$1.93M 0.59%
66,768
-8,077
-11% -$237K
PODD icon
20
Insulet
PODD
$9.23B
$1.83M 0.55%
7,717
+1,859
+32% +$392K
EFOR
21
Everforth Inc
EFOR
$1.3B
$1.76M 0.53%
27,660
+10,090
+57% +$694K
DXCM icon
22
DexCom
DXCM
$31.2B
$1.69M 0.51%
16,444
+36
+0.2% +$3.76K
DECK icon
23
Deckers Outdoor
DECK
$13.5B
$1.69M 0.51%
+45,960
New +$1.59M
FRPT icon
24
Freshpet
FRPT
$3.51B
$1.63M 0.49%
14,590
-1,818
-11% -$185K
TNET icon
25
TriNet
TNET
$3.14B
$1.55M 0.47%
26,200
+7,969
+44% +$512K
1
2 3 4

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Pier 88 Investment Partners's Q3 2020 Portfolio in Review

As of Q3 2020, Pier 88 Investment Partners held 123 positions worth $330M, down 6.3% from $352M the previous quarter. Its ten largest holdings account for 42% of the portfolio.

Pier 88 Investment Partners withdrew a net $152M in Q3 2020, closing 4 positions and reducing 32 holdings. Its most notable exit was Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A, an estimated $9.18M position sold in full.

By sector, the portfolio is most concentrated in Technology at 6.7% of assets, down from 6.9% a quarter earlier, followed by Healthcare and Utilities.

Against the trend, Pier 88 Investment Partners opened a new position in Deckers Outdoor worth $1.69M.

  • Pier 88 Investment Partners's largest Q3 2020 buy was Deckers Outdoor: 45,960 shares worth $1.69M.
  • Pier 88 Investment Partners added most to Bank of America Series L in Q3 2020, an estimated $8.22M increase.
  • Pier 88 Investment Partners's biggest Q3 2020 reduction was Stanley Black & Decker, cutting an estimated $7.5M.
  • Pier 88 Investment Partners fully exited Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A in Q3 2020, selling an estimated $9.18M.
  • Pier 88 Investment Partners's ten largest holdings make up 42% of its $330M portfolio in Q3 2020.
  • Pier 88 Investment Partners opened 13 new positions and closed 4 in Q3 2020.
  • Pier 88 Investment Partners's portfolio value fell 6.3% quarter-over-quarter to $330M.

Based on Pier 88 Investment Partners's 13F filing for Q3 2020, filed 16 Nov 2020.