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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
+6.34%
1 Year Est. Return
+10.13%
3 Year Est. Return
+26.75%
5 Year Est. Return
+35.35%
10 Year Est. Return
–
AUM
$471M
AUM Growth
+$138M
Cap. Flow
-$29.3M
Cap. Flow %
-6.22%
Top 10 Hldgs %
36.09%
Holding
125
New
16
Increased
39
Reduced
19
Closed
15

Top Buys

Rank Stock Value
1
AVGOP
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
+$22M
2
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$21.1M
3
BSX.PRA
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
+$16.5M
4
KKR.PRC
KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock
KKR.PRC
+$11.5M
5
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$11.3M

Top Sells

Rank Stock Value
1
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
+$2.99M
2
MPWR icon
Monolithic Power Systems
MPWR
+$2.52M
3
MIME
Mimecast Limited
MIME
+$2.16M
4
AQUA
Evoqua Water Technologies Corp. Common Stock
AQUA
+$1.98M
5
SYNA icon
Synaptics
SYNA
+$1.77M

Sector Composition

Rank Sector Weight
1 Technology 6.51%
2 Industrials 3.17%
3 Utilities 2.97%
4 Healthcare 2.91%
5 Financials 2.27%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AVGOP
1
DELISTED
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
$26M 5.53%
+12,549
New +$22M
BAC.PRL icon
2
Bank of America Series L
BAC.PRL
$3.99B
$21.1M 4.49%
+14,630
New +$21.1M
DCUE
3
DELISTED
Dominion Energy, Inc. 2019 Series A Corporate Units
DCUE
$18.4M 3.9%
182,410
+41,800
+30% +$4.14M
BSX.PRA
4
DELISTED
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
$16.6M 3.53%
+144,970
New +$16.5M
SWT
5
DELISTED
Stanley Black & Decker, Inc.
SWT
$16.3M 3.47%
149,686
+17,270
+13% +$1.87M
AEPPL
6
DELISTED
American Electric Power Company, Inc. Corporate Unit
AEPPL
$14.9M 3.17%
298,269
+11,600
+4% +$572K
SOLN
7
DELISTED
The Southern Company
SOLN
$14M 2.97%
260,022
+11,000
+4% +$569K
NEE.PRO
8
DELISTED
NextEra Energy, Inc. 4.872% Corporate Units
NEE.PRO
$12.7M 2.71%
187,200
– –
DTP
9
DELISTED
DTE Energy Company 2019 Corporate Units
DTP
$12M 2.54%
233,065
– –
KKR.PRC
10
DELISTED
KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock
KKR.PRC
$11.5M 2.45%
+123,760
New +$11.5M
WFC.PRL icon
11
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.7B
$11.3M 2.4%
+7,578
New +$11.3M
DHR.PRB
12
DELISTED
Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B
DHR.PRB
$11M 2.33%
+6,310
New +$10.4M
NIMC
13
DELISTED
NiSource Inc. Series A Corporate Units
NIMC
$10.2M 2.16%
90,900
+11,000
+14% +$1.18M
NEE.PRP
14
DELISTED
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
$9.2M 1.95%
159,820
– –
BDXB
15
DELISTED
Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6.00% Mandatory Convertible Preferred Stock, Series B
BDXB
$5.42M 1.15%
+102,700
New +$5.39M
QQQM icon
16
Invesco NASDAQ 100 ETF
QQQM
$102B
$4.59M 0.98%
28,100
+17,300
+160% +$2.75M
DHR.PRA
17
DELISTED
Danaher Corporation 4.75% Mandatory Convertible Preferred Stock, Series A
DHR.PRA
$3.87M 0.82%
+1,764
New +$3.66M
KBR icon
18
KBR
KBR
$4.76B
$3.7M 0.78%
77,610
+28,730
+59% +$1.27M
TW icon
19
Tradeweb Markets
TW
$21.6B
$3.5M 0.74%
34,960
+2,100
+6% +$194K
AEPPZ
20
DELISTED
American Electric Power Company, Inc. Corporate Units
AEPPZ
$3.25M 0.69%
+61,800
New +$3.14M
CYBR
21
DELISTED
CyberArk
CYBR
$3.22M 0.68%
18,570
+1,790
+11% +$314K
ON icon
22
ON Semiconductor
ON
$31.5B
$3.13M 0.66%
46,050
+3,100
+7% +$176K
FRC
23
DELISTED
First Republic Bank
FRC
$3.11M 0.66%
15,040
+620
+4% +$131K
LSCC icon
24
Lattice Semiconductor
LSCC
$19.4B
$3.09M 0.66%
40,078
+2,100
+6% +$156K
DOV icon
25
Dover
DOV
$28.3B
$3.08M 0.65%
16,970
+1,200
+8% +$204K
1
2 3 4

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Pier 88 Investment Partners's Q4 2021 Portfolio in Review

As of Q4 2021, Pier 88 Investment Partners held 125 positions worth $471M, up 41% from $333M the previous quarter. Its ten largest holdings account for 36% of the portfolio.

Pier 88 Investment Partners withdrew a net $29.3M in Q4 2021, closing 15 positions and reducing 19 holdings. Its most notable exit was Monolithic Power Systems, an estimated $2.52M position sold in full.

By sector, the portfolio is most concentrated in Technology at 6.5% of assets, down from 11% a quarter earlier, followed by Industrials and Utilities.

Against the trend, Pier 88 Investment Partners opened a new position in Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A worth $26M.

  • Pier 88 Investment Partners's largest Q4 2021 buy was Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A: 12,549 shares worth $26M.
  • Pier 88 Investment Partners added most to Dominion Energy, Inc. 2019 Series A Corporate Units in Q4 2021, an estimated $4.14M increase.
  • Pier 88 Investment Partners's biggest Q4 2021 reduction was Horizon Therapeutics Public Limited Company Ordinary Shares, cutting an estimated $2.99M.
  • Pier 88 Investment Partners fully exited Monolithic Power Systems in Q4 2021, selling an estimated $2.52M.
  • Pier 88 Investment Partners's ten largest holdings make up 36% of its $471M portfolio in Q4 2021.
  • Pier 88 Investment Partners opened 16 new positions and closed 15 in Q4 2021.
  • Pier 88 Investment Partners's portfolio value rose 41% quarter-over-quarter to $471M.

Based on Pier 88 Investment Partners's 13F filing for Q4 2021, filed 14 Feb 2022.