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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
+2.71%
1 Year Est. Return
+14.71%
3 Year Est. Return
+36.1%
5 Year Est. Return
+43.13%
10 Year Est. Return
–
AUM
$413M
AUM Growth
-$7.99M
Cap. Flow
-$207M
Cap. Flow %
-50.27%
Top 10 Hldgs %
46.61%
Holding
103
New
5
Increased
25
Reduced
27
Closed
9

Top Buys

Rank Stock Value
1
DHR.PRB
Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B
DHR.PRB
+$6.77M
2
KKR.PRC
KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock
KKR.PRC
+$5.57M
3
AEPPZ
American Electric Power Company, Inc. Corporate Units
AEPPZ
+$3.04M
4
NIMC
NiSource Inc. Series A Corporate Units
NIMC
+$3.01M
5
NEE.PRP
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
+$2.9M

Top Sells

Rank Stock Value
1
DTP
DTE Energy Company 2019 Corporate Units
DTP
+$10.5M
2
AVGO icon
Broadcom
AVGO
+$10M
3
SWT
Stanley Black & Decker, Inc.
SWT
+$3.5M
4
PANW icon
Palo Alto Networks
PANW
+$3.19M
5
SO icon
Southern Company
SO
+$1.72M

Sector Composition

Rank Sector Weight
1 Technology 3.17%
2 Industrials 2.81%
3 Healthcare 1.68%
4 Consumer Discretionary 1.09%
5 Energy 0.61%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BSX.PRA
1
DELISTED
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
$20.6M 4.99%
179,315
– –
BAC.PRL icon
2
Bank of America Series L
BAC.PRL
$3.99B
$19.6M 4.76%
16,923
+300
+2% +$356K
WFC.PRL icon
3
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.68B
$19.5M 4.74%
16,495
+300
+2% +$356K
DHR.PRB
4
DELISTED
Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B
DHR.PRB
$19.5M 4.72%
14,364
+5,000
+53% +$6.77M
BDXB
5
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
$19.4M 4.7%
386,850
+10,800
+3% +$521K
NIMC
6
DELISTED
NiSource Inc. Series A Corporate Units
NIMC
$18.8M 4.55%
181,320
+29,300
+19% +$3.01M
NEE.PRP
7
DELISTED
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
$15.2M 3.68%
299,134
+57,900
+24% +$2.9M
AEPPZ
8
DELISTED
American Electric Power Company, Inc. Corporate Units
AEPPZ
$12.2M 2.95%
235,700
+59,700
+34% +$3.04M
KKR.PRC
9
DELISTED
KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock
KKR.PRC
$10.7M 2.59%
186,300
+92,400
+98% +$5.57M
KBR icon
10
KBR
KBR
$4.71B
$4.9M 1.19%
92,753
+3,500
+4% +$174K
NEE.PRQ
11
DELISTED
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
$4.29M 1.04%
85,000
– –
GLD icon
12
SPDR Gold Trust
GLD
$136B
$2.89M 0.7%
17,026
-3,400
-17% -$548K
PXD
13
DELISTED
Pioneer Natural Resource Co.
PXD
$2.51M 0.61%
11,000
+500
+5% +$122K
QQQ icon
14
Invesco QQQ Trust
QQQ
$487B
$2.13M 0.52%
8,000
+3,300
+70% +$913K
DXCM icon
15
DexCom
DXCM
$31.4B
$1.85M 0.45%
16,370
-4,810
-23% -$528K
LNN icon
16
Lindsay Corp
LNN
$1.19B
$1.85M 0.45%
11,375
-300
-3% -$49.5K
DECK icon
17
Deckers Outdoor
DECK
$13.7B
$1.84M 0.45%
27,720
+3,000
+12% +$181K
ETSY icon
18
Etsy
ETSY
$8.11B
$1.8M 0.44%
14,991
+3,600
+32% +$412K
MODN
19
DELISTED
MODEL N, INC.
MODN
$1.78M 0.43%
43,859
+9,280
+27% +$349K
EEFT icon
20
Euronet Worldwide
EEFT
$2.91B
$1.63M 0.4%
17,291
+1,100
+7% +$95.2K
TW icon
21
Tradeweb Markets
TW
$21.7B
$1.62M 0.39%
24,990
-1,700
-6% -$99.9K
TDG icon
22
TransDigm Group
TDG
$69.8B
$1.38M 0.34%
2,195
-1,430
-39% -$843K
LSCC icon
23
Lattice Semiconductor
LSCC
$19.3B
$1.35M 0.33%
20,868
-3,030
-13% -$183K
AQUA
24
DELISTED
Evoqua Water Technologies Corp. Common Stock
AQUA
$1.32M 0.32%
33,219
-24,600
-43% -$967K
SPY icon
25
State Street SPDR S&P 500 ETF Trust
SPY
$825B
$1.26M 0.31%
+3,300
New +$1.27M
1
2 3 4

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BRM
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SCV
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HWMG
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AI
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CMHI
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CWAF
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MMG
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Pier 88 Investment Partners's Q4 2022 Portfolio in Review

As of Q4 2022, Pier 88 Investment Partners held 103 positions worth $413M, down 1.9% from $421M the previous quarter. Its ten largest holdings account for 47% of the portfolio.

Pier 88 Investment Partners withdrew a net $207M in Q4 2022, closing 9 positions and reducing 27 holdings. Its most notable exit was DTE Energy Company 2019 Corporate Units, an estimated $10.5M position sold in full.

By sector, the portfolio is most concentrated in Technology at 3.2% of assets, down from 7.3% a quarter earlier, followed by Industrials and Healthcare.

Against the trend, Pier 88 Investment Partners opened a new position in State Street SPDR S&P 500 ETF Trust worth $1.26M.

  • Pier 88 Investment Partners's largest Q4 2022 buy was State Street SPDR S&P 500 ETF Trust: 3,300 shares worth $1.26M.
  • Pier 88 Investment Partners added most to Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B in Q4 2022, an estimated $6.77M increase.
  • Pier 88 Investment Partners's biggest Q4 2022 reduction was Palo Alto Networks, cutting an estimated $3.19M.
  • Pier 88 Investment Partners fully exited DTE Energy Company 2019 Corporate Units in Q4 2022, selling an estimated $10.5M.
  • Pier 88 Investment Partners's ten largest holdings make up 47% of its $413M portfolio in Q4 2022.
  • Pier 88 Investment Partners opened 5 new positions and closed 9 in Q4 2022.
  • Pier 88 Investment Partners's portfolio value fell 1.9% quarter-over-quarter to $413M.

Based on Pier 88 Investment Partners's 13F filing for Q4 2022, filed 8 Feb 2023.