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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
-1.5%
1 Year Est. Return
+14.71%
3 Year Est. Return
+36.1%
5 Year Est. Return
+43.13%
10 Year Est. Return
–
AUM
$421M
AUM Growth
-$4.22M
Cap. Flow
-$185M
Cap. Flow %
-43.97%
Top 10 Hldgs %
41.46%
Holding
106
New
5
Increased
24
Reduced
25
Closed
6

Top Buys

Rank Stock Value
1
AVGO icon
Broadcom
AVGO
+$10.4M
2
AEPPZ
American Electric Power Company, Inc. Corporate Units
AEPPZ
+$6.24M
3
NEE.PRP
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
+$4.55M
4
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$4.13M
5
DHR.PRB
Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B
DHR.PRB
+$3.06M

Top Sells

Rank Stock Value
1
SOLN
The Southern Company
SOLN
+$16.3M
2
AVGOP
Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A
AVGOP
+$12.3M
3
NEE.PRO
NextEra Energy, Inc. 4.872% Corporate Units
NEE.PRO
+$10.4M
4
BDXB
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
+$1.68M
5
PXD
Pioneer Natural Resource Co.
PXD
+$1.48M

Sector Composition

Rank Sector Weight
1 Technology 7.28%
2 Industrials 2.54%
3 Healthcare 1.73%
4 Consumer Discretionary 0.76%
5 Financials 0.55%
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
$19.5M 4.64%
16,623
+1,300
+8% +$1.6M
WFC.PRL icon
2
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.67B
$19.5M 4.64%
16,195
+3,300
+26% +$4.13M
BSX.PRA
3
DELISTED
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
$18.2M 4.33%
179,315
+27,375
+18% +$2.9M
BDXB
4
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
$17.7M 4.22%
376,050
-33,560
-8% -$1.68M
NIMC
5
DELISTED
NiSource Inc. Series A Corporate Units
NIMC
$15.3M 3.63%
152,020
– –
DHR.PRB
6
DELISTED
Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B
DHR.PRB
$12.6M 2.99%
9,364
+2,154
+30% +$3.06M
NEE.PRP
7
DELISTED
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
$12M 2.86%
241,234
+87,098
+57% +$4.55M
DTP
8
DELISTED
DTE Energy Company 2019 Corporate Units
DTP
$10.5M 2.51%
210,150
– –
AVGO icon
9
Broadcom
AVGO
$2T
$10M 2.39%
226,080
+204,480
+947% +$10.4M
AEPPZ
10
DELISTED
American Electric Power Company, Inc. Corporate Units
AEPPZ
$8.71M 2.07%
176,000
+114,200
+185% +$6.24M
KKR.PRC
11
DELISTED
KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock
KKR.PRC
$5.11M 1.22%
93,900
-6,100
-6% -$386K
NEE.PRQ
12
DELISTED
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
$4.13M 0.98%
85,000
+32,300
+61% +$1.69M
KBR icon
13
KBR
KBR
$4.6B
$3.86M 0.92%
89,253
+50,203
+129% +$2.47M
SWT
14
DELISTED
Stanley Black & Decker, Inc.
SWT
$3.5M 0.83%
71,070
-13,476
-16% -$836K
PANW icon
15
Palo Alto Networks
PANW
$298B
$3.33M 0.79%
40,602
+19,200
+90% +$1.66M
GLD icon
16
SPDR Gold Trust
GLD
$138B
$3.16M 0.75%
20,426
– –
PXD
17
DELISTED
Pioneer Natural Resource Co.
PXD
$2.27M 0.54%
10,500
-6,500
-38% -$1.48M
BG icon
18
Bunge Global
BG
$20.7B
$1.91M 0.46%
23,182
+9,700
+72% +$904K
AQUA
19
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
$1.91M 0.45%
57,819
– –
TDG icon
20
TransDigm Group
TDG
$69.4B
$1.9M 0.45%
3,625
– –
SO icon
21
Southern Company
SO
$107B
$1.72M 0.41%
+25,223
New +$1.91M
DXCM icon
22
DexCom
DXCM
$31.1B
$1.71M 0.41%
21,180
+13,040
+160% +$1.1M
PODD icon
23
Insulet
PODD
$9.13B
$1.69M 0.4%
7,377
+2,340
+46% +$586K
LNN icon
24
Lindsay Corp
LNN
$1.17B
$1.67M 0.4%
11,675
– –
CYBR
25
DELISTED
CyberArk
CYBR
$1.65M 0.39%
10,970
-2,550
-19% -$364K
1
2 3 4

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Pier 88 Investment Partners's Q3 2022 Portfolio in Review

As of Q3 2022, Pier 88 Investment Partners held 106 positions worth $421M, down 0.99% from $425M the previous quarter. Its ten largest holdings account for 41% of the portfolio.

Pier 88 Investment Partners withdrew a net $185M in Q3 2022, closing 6 positions and reducing 25 holdings. Its most notable exit was The Southern Company, an estimated $16.3M position sold in full.

By sector, the portfolio is most concentrated in Technology at 7.3% of assets, up from 4.8% a quarter earlier, followed by Industrials and Healthcare.

Against the trend, Pier 88 Investment Partners opened a new position in Southern Company worth $1.72M.

  • Pier 88 Investment Partners's largest Q3 2022 buy was Southern Company: 25,223 shares worth $1.72M.
  • Pier 88 Investment Partners added most to Broadcom in Q3 2022, an estimated $10.4M increase.
  • Pier 88 Investment Partners's biggest Q3 2022 reduction was Broadcom Inc. 8.00% Mandatory Convertible Preferred Stock, Series A, cutting an estimated $12.3M.
  • Pier 88 Investment Partners fully exited The Southern Company in Q3 2022, selling an estimated $16.3M.
  • Pier 88 Investment Partners's ten largest holdings make up 41% of its $421M portfolio in Q3 2022.
  • Pier 88 Investment Partners opened 5 new positions and closed 6 in Q3 2022.
  • Pier 88 Investment Partners's portfolio value fell 0.99% quarter-over-quarter to $421M.

Based on Pier 88 Investment Partners's 13F filing for Q3 2022, filed 14 Nov 2022.