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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
-0.87%
1 Year Est. Return
+14.71%
3 Year Est. Return
+36.1%
5 Year Est. Return
+43.13%
10 Year Est. Return
–
AUM
$401M
AUM Growth
-$2.34M
Cap. Flow
-$239M
Cap. Flow %
-59.43%
Top 10 Hldgs %
46.08%
Holding
103
New
10
Increased
28
Reduced
17
Closed
4

Top Buys

Rank Stock Value
1
NEE.PRR
NextEra Energy, Inc. 6.926% Corporate Units
NEE.PRR
+$15.5M
2
APO.PRA
Apollo Global Management Series A
APO.PRA
+$13.6M
3
WFC.PRL icon
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
+$12.8M
4
EQT icon
EQT Corp
EQT
+$3.07M
5
MELI icon
Mercado Libre
MELI
+$2.53M

Top Sells

Rank Stock Value
1
AEPPZ
American Electric Power Company, Inc. Corporate Units
AEPPZ
+$18.4M
2
NIMC
NiSource Inc. Series A Corporate Units
NIMC
+$18.4M
3
NEE.PRQ
NextEra Energy, Inc. 6.219% Corporate Units
NEE.PRQ
+$13.7M
4
PANW icon
Palo Alto Networks
PANW
+$3.96M
5
ON icon
ON Semiconductor
ON
+$1.83M

Sector Composition

Rank Sector Weight
1 Technology 7.05%
2 Industrials 2.95%
3 Healthcare 2.08%
4 Energy 2.05%
5 Consumer Discretionary 1.87%
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
$17.4M 4.34%
15,653
+700
+5% +$812K
WFC.PRL icon
2
Wells Fargo 7.5% Non Cumv Perp Conv
WFC.PRL
$4.67B
$15.4M 3.83%
13,792
+11,040
+401% +$12.8M
APO.PRA
3
DELISTED
Apollo Global Management Series A
APO.PRA
$13.9M 3.47%
+252,580
New +$13.6M
NEE.PRR
4
DELISTED
NextEra Energy, Inc. 6.926% Corporate Units
NEE.PRR
$13.3M 3.32%
+352,600
New +$15.5M
PXD
5
DELISTED
Pioneer Natural Resource Co.
PXD
$5.23M 1.3%
22,800
+10,800
+90% +$2.46M
RBCP
6
DELISTED
RBC Bearings Incorporated 5.00% Series A Mandatory Convertible Preferred Stock
RBCP
$3.22M 0.8%
29,200
-3,300
-10% -$360K
KBR icon
7
KBR
KBR
$4.58B
$3.2M 0.8%
54,290
-6,400
-11% -$394K
QQQ icon
8
Invesco QQQ Trust
QQQ
$480B
$3.12M 0.78%
8,700
– –
EQT icon
9
EQT Corp
EQT
$32B
$3.01M 0.75%
+74,100
New +$3.07M
GLD icon
10
SPDR Gold Trust
GLD
$138B
$2.73M 0.68%
15,919
– –
MELI icon
11
Mercado Libre
MELI
$97.5B
$2.52M 0.63%
+1,990
New +$2.53M
BKNG icon
12
Booking.com
BKNG
$160B
$2.47M 0.61%
20,000
+2,500
+14% +$303K
TW icon
13
Tradeweb Markets
TW
$21.8B
$2.37M 0.59%
29,550
+11,500
+64% +$917K
ON icon
14
ON Semiconductor
ON
$29.9B
$2.34M 0.58%
25,170
-18,870
-43% -$1.83M
SPY icon
15
State Street SPDR S&P 500 ETF Trust
SPY
$819B
$2.31M 0.58%
5,400
– –
SPLK
16
DELISTED
Splunk Inc
SPLK
$2.2M 0.55%
15,076
+900
+6% +$102K
TDG icon
17
TransDigm Group
TDG
$70.2B
$2.11M 0.53%
2,505
– –
CYBR
18
DELISTED
CyberArk
CYBR
$1.96M 0.49%
11,990
+2,300
+24% +$369K
AYX
19
DELISTED
Alteryx Inc
AYX
$1.9M 0.47%
50,385
+29,190
+138% +$1.05M
ATI icon
20
ATI
ATI
$28B
$1.86M 0.46%
45,223
-23,200
-34% -$1.03M
LSCC icon
21
Lattice Semiconductor
LSCC
$18.2B
$1.73M 0.43%
20,168
+6,980
+53% +$630K
FPI
22
Farmland Partners
FPI
$431M
$1.72M 0.43%
168,008
– –
DDOG icon
23
Datadog
DDOG
$101B
$1.7M 0.42%
18,670
+5,420
+41% +$536K
GSHD icon
24
Goosehead Insurance
GSHD
$2.38B
$1.67M 0.42%
22,365
-1,430
-6% -$95.9K
ERII icon
25
Energy Recovery
ERII
$457M
$1.64M 0.41%
77,550
+5,900
+8% +$157K
1
2 3

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Pier 88 Investment Partners's Q3 2023 Portfolio in Review

As of Q3 2023, Pier 88 Investment Partners held 103 positions worth $401M, down 0.58% from $404M the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Pier 88 Investment Partners withdrew a net $239M in Q3 2023, closing 4 positions and reducing 17 holdings. Its most notable exit was American Electric Power Company, Inc. Corporate Units, an estimated $18.4M position sold in full.

By sector, the portfolio is most concentrated in Technology at 7% of assets, down from 7.7% a quarter earlier, followed by Industrials and Healthcare.

Against the trend, Pier 88 Investment Partners opened a new position in NextEra Energy, Inc. 6.926% Corporate Units worth $13.3M.

  • Pier 88 Investment Partners's largest Q3 2023 buy was NextEra Energy, Inc. 6.926% Corporate Units: 352,600 shares worth $13.3M.
  • Pier 88 Investment Partners added most to Wells Fargo 7.5% Non Cumv Perp Conv in Q3 2023, an estimated $12.8M increase.
  • Pier 88 Investment Partners's biggest Q3 2023 reduction was ON Semiconductor, cutting an estimated $1.83M.
  • Pier 88 Investment Partners fully exited American Electric Power Company, Inc. Corporate Units in Q3 2023, selling an estimated $18.4M.
  • Pier 88 Investment Partners's ten largest holdings make up 46% of its $401M portfolio in Q3 2023.
  • Pier 88 Investment Partners opened 10 new positions and closed 4 in Q3 2023.
  • Pier 88 Investment Partners's portfolio value fell 0.58% quarter-over-quarter to $401M.

Based on Pier 88 Investment Partners's 13F filing for Q3 2023, filed 9 Nov 2023.