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P8IP

Pier 88 Investment Partners Portfolio holdings

AUM $421M
1-Year Est. Return 14.71%
This Fund
S&P 500
This Quarter Est. Return
-1.16%
1 Year Est. Return
+14.71%
3 Year Est. Return
+36.1%
5 Year Est. Return
+43.13%
10 Year Est. Return
–
AUM
$279M
AUM Growth
-$192M
Cap. Flow
-$221M
Cap. Flow %
-79.3%
Top 10 Hldgs %
51.03%
Holding
106
New
7
Increased
25
Reduced
26
Closed
18

Top Buys

Rank Stock Value
1
AEP icon
American Electric Power
AEP
+$13.7M
2
PXD
Pioneer Natural Resource Co.
PXD
+$4.79M
3
TDG icon
TransDigm Group
TDG
+$2.33M
4
GLD icon
SPDR Gold Trust
GLD
+$2.18M
5
PANW icon
Palo Alto Networks
PANW
+$2.04M

Top Sells

Rank Stock Value
1
AVGOP
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
+$26M
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
+$16.6M
4
AEPPL
American Electric Power Company, Inc. Corporate Unit
AEPPL
+$14.9M
5
KKR.PRC
KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock
KKR.PRC
+$11.5M

Sector Composition

Rank Sector Weight
1 Utilities 10.87%
2 Technology 10.17%
3 Industrials 4.8%
4 Healthcare 3.76%
5 Financials 3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DCUE
1
DELISTED
Dominion Energy, Inc. 2019 Series A Corporate Units
DCUE
$19.2M 6.87%
188,710
+6,300
+3% +$635K
SOLN
2
DELISTED
The Southern Company
SOLN
$15.4M 5.51%
281,665
+21,643
+8% +$1.14M
AEP icon
3
American Electric Power
AEP
$68.2B
$15M 5.36%
+149,900
New +$13.7M
SWT
4
DELISTED
Stanley Black & Decker, Inc.
SWT
$12M 4.3%
136,486
-13,200
-9% -$1.31M
NEE.PRO
5
DELISTED
NextEra Energy, Inc. 4.872% Corporate Units
NEE.PRO
$11.6M 4.15%
187,200
– –
DTP
6
DELISTED
DTE Energy Company 2019 Corporate Units
DTP
$11.4M 4.07%
213,010
-20,055
-9% -$1.03M
NEE.PRP
7
DELISTED
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
$8.1M 2.9%
155,226
-4,594
-3% -$234K
PXD
8
DELISTED
Pioneer Natural Resource Co.
PXD
$5.3M 1.9%
+21,200
New +$4.79M
GLD icon
9
SPDR Gold Trust
GLD
$138B
$3.69M 1.32%
20,426
+12,400
+154% +$2.18M
DXCM icon
10
DexCom
DXCM
$31.3B
$3.46M 1.24%
27,024
+7,200
+36% +$788K
AEPPZ
11
DELISTED
American Electric Power Company, Inc. Corporate Units
AEPPZ
$3.45M 1.24%
61,800
– –
KBR icon
12
KBR
KBR
$4.74B
$3.15M 1.13%
57,510
-20,100
-26% -$977K
AQUA
13
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
$2.96M 1.06%
63,039
+21,250
+51% +$907K
TSLX icon
14
Sixth Street Specialty
TSLX
$1.78B
$2.56M 0.92%
110,103
+50,400
+84% +$1.18M
CYBR
15
DELISTED
CyberArk
CYBR
$2.54M 0.91%
15,070
-3,500
-19% -$531K
TDG icon
16
TransDigm Group
TDG
$69.8B
$2.36M 0.85%
+3,625
New +$2.33M
PANW icon
17
Palo Alto Networks
PANW
$293B
$2.36M 0.85%
+22,740
New +$2.04M
ENTG icon
18
Entegris
ENTG
$21.8B
$2.21M 0.79%
16,800
+2,300
+16% +$296K
SIVB
19
DELISTED
SVB Financial Group
SIVB
$2.11M 0.76%
3,780
-300
-7% -$182K
PODD icon
20
Insulet
PODD
$9.65B
$2.01M 0.72%
7,537
+430
+6% +$106K
SPLK
21
DELISTED
Splunk Inc
SPLK
$1.92M 0.69%
12,936
+9,180
+244% +$1.12M
HZNP
22
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
$1.83M 0.66%
17,390
-673
-4% -$65.6K
LNN icon
23
Lindsay Corp
LNN
$1.17B
$1.83M 0.65%
11,635
+3,500
+43% +$483K
TW icon
24
Tradeweb Markets
TW
$21.8B
$1.77M 0.64%
20,160
-14,800
-42% -$1.28M
DOV icon
25
Dover
DOV
$28.4B
$1.69M 0.61%
10,770
-6,200
-37% -$1.02M
1
2 3 4

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BRM
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Pier 88 Investment Partners's Q1 2022 Portfolio in Review

As of Q1 2022, Pier 88 Investment Partners held 106 positions worth $279M, down 41% from $471M the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Pier 88 Investment Partners withdrew a net $221M in Q1 2022, closing 18 positions and reducing 26 holdings. Its most notable exit was Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A, an estimated $26M position sold in full.

By sector, the portfolio is most concentrated in Utilities at 11% of assets, up from 3% a quarter earlier, followed by Technology and Industrials.

Against the trend, Pier 88 Investment Partners opened a new position in American Electric Power worth $15M.

  • Pier 88 Investment Partners's largest Q1 2022 buy was American Electric Power: 149,900 shares worth $15M.
  • Pier 88 Investment Partners added most to SPDR Gold Trust in Q1 2022, an estimated $2.18M increase.
  • Pier 88 Investment Partners's biggest Q1 2022 reduction was ITT, cutting an estimated $1.76M.
  • Pier 88 Investment Partners fully exited Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A in Q1 2022, selling an estimated $26M.
  • Pier 88 Investment Partners's ten largest holdings make up 51% of its $279M portfolio in Q1 2022.
  • Pier 88 Investment Partners opened 7 new positions and closed 18 in Q1 2022.
  • Pier 88 Investment Partners's portfolio value fell 41% quarter-over-quarter to $279M.

Based on Pier 88 Investment Partners's 13F filing for Q1 2022, filed 13 May 2022.