Pier 88 Investment Partners Portfolio holdings
Top Buys
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DCUE
Dominion Energy, Inc. 2019 Series A Corporate Units
DCUE
|
+$19.2M |
| 2 |
American Electric Power
AEP
|
+$15M |
| 3 |
SWT
Stanley Black & Decker, Inc.
SWT
|
+$4.06M |
| 4 |
Sixth Street Specialty
TSLX
|
+$2.28M |
| 5 |
DexCom
DXCM
|
+$1.72M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 4.82% |
| 2 | Utilities | 4.2% |
| 3 | Industrials | 2.25% |
| 4 | Healthcare | 1.33% |
| 5 | Energy | 0.89% |
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Pier 88 Investment Partners's Q2 2022 Portfolio in Review
As of Q2 2022, Pier 88 Investment Partners held 111 positions worth $425M, up 52% from $279M the previous quarter. Its ten largest holdings account for 40% of the portfolio.
Pier 88 Investment Partners withdrew a net $20.8M in Q2 2022, closing 7 positions and reducing 30 holdings. Its most notable exit was Dominion Energy, Inc. 2019 Series A Corporate Units, an estimated $19.2M position sold in full.
By sector, the portfolio is most concentrated in Technology at 4.8% of assets, down from 10% a quarter earlier, followed by Utilities and Industrials.
Against the trend, Pier 88 Investment Partners opened a new position in Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6.00% Mandatory Convertible Preferred Stock, Series B worth $20.3M.
- Pier 88 Investment Partners's largest Q2 2022 buy was Becton, Dickinson and Company Depositary Shares, each Representing a 1/20th Interest in a Share of 6.00% Mandatory Convertible Preferred Stock, Series B: 409,610 shares worth $20.3M.
- Pier 88 Investment Partners added most to NextEra Energy, Inc. 6.219% Corporate Units in Q2 2022, an estimated $1.52M increase.
- Pier 88 Investment Partners's biggest Q2 2022 reduction was Stanley Black & Decker, Inc., cutting an estimated $4.06M.
- Pier 88 Investment Partners fully exited Dominion Energy, Inc. 2019 Series A Corporate Units in Q2 2022, selling an estimated $19.2M.
- Pier 88 Investment Partners's ten largest holdings make up 40% of its $425M portfolio in Q2 2022.
- Pier 88 Investment Partners opened 12 new positions and closed 7 in Q2 2022.
- Pier 88 Investment Partners's portfolio value rose 52% quarter-over-quarter to $425M.
Based on Pier 88 Investment Partners's 13F filing for Q2 2022, filed 12 Aug 2022.