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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
+2.82%
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
+$750K
Cap. Flow
-$256M
Cap. Flow %
-61.87%
Top 10 Hldgs %
45.8%
Holding
101
New
8
Increased
22
Reduced
21
Closed
12

Top Buys

Rank Stock Value
1
AEPPZ
American Electric Power Company, Inc. Corporate Units
AEPPZ
+$6.24M
2
CRM icon
Salesforce
CRM
+$3.12M
3
MOG.A icon
Moog Inc Class A
MOG.A
+$2.54M
4
ATI icon
ATI
ATI
+$2.51M
5
TW icon
Tradeweb Markets
TW
+$2.19M

Top Sells

Rank Stock Value
1
DHR.PRB
Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B
DHR.PRB
+$19.5M
2
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$18.1M
3
NEE.PRP
NextEra Energy, Inc. 5.279% Corporate Units
NEE.PRP
+$15.2M
4
BAC.PRL icon
Bank of America Series L
BAC.PRL
+$11.4M
5
BSX.PRA
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
+$10.2M

Sector Composition

Rank Sector Weight
1 Technology 5.5%
2 Industrials 3.46%
3 Healthcare 2.17%
4 Financials 1.09%
5 Consumer Discretionary 1.05%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BDXB
1
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
$19.6M 4.74%
393,810
+6,960
+2% +$344K
NIMC
2
DELISTED
NiSource Inc. Series A Corporate Units
NIMC
$18.9M 4.56%
180,720
-600
-0.3% -$62.2K
AEPPZ
3
DELISTED
American Electric Power Company, Inc. Corporate Units
AEPPZ
$18.1M 4.37%
359,100
+123,400
+52% +$6.24M
BSX.PRA
4
DELISTED
Boston Scientific Corporation 5.50% Mandatory Convertible Preferred Stock, Series A
BSX.PRA
$11M 2.66%
90,935
-88,380
-49% -$10.2M
BAC.PRL icon
5
Bank of America Series L
BAC.PRL
$4B
$8.64M 2.09%
7,403
-9,520
-56% -$11.4M
KKR.PRC
6
DELISTED
KKR & Co. Inc. 6.00% Series C Mandatory Convertible Preferred Stock
KKR.PRC
$4.93M 1.19%
77,700
-108,600
-58% -$7.04M
TW icon
7
Tradeweb Markets
TW
$21.6B
$4.36M 1.05%
55,173
+30,183
+121% +$2.19M
GLD icon
8
SPDR Gold Trust
GLD
$138B
$3.94M 0.95%
21,519
+4,493
+26% +$791K
NEE.PRQ
9
DELISTED
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
$3.75M 0.91%
76,800
-8,200
-10% -$398K
CRM icon
10
Salesforce
CRM
$152B
$3.69M 0.89%
+18,483
New +$3.12M
MODN
11
DELISTED
MODEL N, INC.
MODN
$2.83M 0.68%
84,496
+40,637
+93% +$1.48M
MOG.A icon
12
Moog Inc Class A
MOG.A
$13.2B
$2.66M 0.64%
+26,401
New +$2.54M
ATI icon
13
ATI
ATI
$31.9B
$2.62M 0.63%
+66,358
New +$2.51M
PODD icon
14
Insulet
PODD
$9.17B
$2.49M 0.6%
7,817
+3,720
+91% +$1.1M
DXCM icon
15
DexCom
DXCM
$31.2B
$2.46M 0.6%
21,170
+4,800
+29% +$537K
SPY icon
16
State Street SPDR S&P 500 ETF Trust
SPY
$820B
$2.21M 0.53%
5,400
+2,100
+64% +$838K
WDAY icon
17
Workday
WDAY
$41B
$2.16M 0.52%
+10,440
New +$1.9M
PXD
18
DELISTED
Pioneer Natural Resource Co.
PXD
$2M 0.48%
9,800
-1,200
-11% -$258K
EEFT icon
19
Euronet Worldwide
EEFT
$2.71B
$1.93M 0.47%
17,291
– –
TDG icon
20
TransDigm Group
TDG
$69.7B
$1.84M 0.44%
2,495
+300
+14% +$214K
LSCC icon
21
Lattice Semiconductor
LSCC
$18.7B
$1.82M 0.44%
19,028
-1,840
-9% -$152K
BKNG icon
22
Booking.com
BKNG
$156B
$1.73M 0.42%
+16,300
New +$1.59M
LNN icon
23
Lindsay Corp
LNN
$1.17B
$1.72M 0.42%
11,375
– –
WFC.PRL icon
24
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.67B
$1.71M 0.41%
1,452
-15,043
-91% -$18.1M
KBR icon
25
KBR
KBR
$4.73B
$1.65M 0.4%
29,950
-62,803
-68% -$3.29M
1
2 3 4

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Pier 88 Investment Partners's Q1 2023 Portfolio in Review

As of Q1 2023, Pier 88 Investment Partners held 101 positions worth $413M, up 0.18% from $413M the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Pier 88 Investment Partners withdrew a net $256M in Q1 2023, closing 12 positions and reducing 21 holdings. Its most notable exit was Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B, an estimated $19.5M position sold in full.

By sector, the portfolio is most concentrated in Technology at 5.5% of assets, up from 3.2% a quarter earlier, followed by Industrials and Healthcare.

Against the trend, Pier 88 Investment Partners opened a new position in Salesforce worth $3.69M.

  • Pier 88 Investment Partners's largest Q1 2023 buy was Salesforce: 18,483 shares worth $3.69M.
  • Pier 88 Investment Partners added most to American Electric Power Company, Inc. Corporate Units in Q1 2023, an estimated $6.24M increase.
  • Pier 88 Investment Partners's biggest Q1 2023 reduction was Wells Fargo 7.5% Non Cumv Perp Conv, cutting an estimated $18.1M.
  • Pier 88 Investment Partners fully exited Danaher Corporation 5.00% Mandatory Convertible Preferred Stock, Series B in Q1 2023, selling an estimated $19.5M.
  • Pier 88 Investment Partners's ten largest holdings make up 46% of its $413M portfolio in Q1 2023.
  • Pier 88 Investment Partners opened 8 new positions and closed 12 in Q1 2023.
  • Pier 88 Investment Partners's portfolio value rose 0.18% quarter-over-quarter to $413M.

Based on Pier 88 Investment Partners's 13F filing for Q1 2023, filed 9 May 2023.