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Pier Capital Portfolio holdings
AUM
$755M
Turnover
32.67%
1-Year Est. Return
94.38%
This Fund
S&P 500
This Quarter
Est. Return
+1%
1 Year Est. Return
+94.38%
3 Year Est. Return
+222.94%
5 Year Est. Return
+261.19%
10 Year Est. Return
+2,769.67%
AUM
$705M
AUM Growth
-$71.5M
(-9.2%)
Cap. Flow
-$77.4M
Cap. Flow
% of AUM
-10.98%
Top 10 Holdings %
Top 10 Hldgs %
16.12%
Holding
170
New
34
Increased
20
Reduced
72
Closed
30
Avg Time Held
0.4
years
Top 10 Avg Time Held
0.1
years
Top 20 Avg Time Held
0.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
BNFT
Benefitfocus, Inc.
BNFT
|
+$10.3M |
| 2 |
Varonis Systems
VRNS
|
+$7.98M |
| 3 |
The Aaron's Company Inc Class A
AAN.A
|
+$6.98M |
| 4 |
MLNX
Mellanox Technologies, Ltd.
MLNX
|
+$6.97M |
| 5 |
DexCom
DXCM
|
+$6.93M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SLXP
SALIX PHARMACEUTICALS LTD DEL
SLXP
|
+$10.8M |
| 2 |
Lithia Motors
LAD
|
+$10.2M |
| 3 |
Novadaq Technologies Inc.
NVDQ
|
+$9.56M |
| 4 |
SONC
Sonic Corp
SONC
|
+$8.74M |
| 5 |
Texas Capital Bancshares
TCBI
|
+$8.61M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 19.14% |
| 2 | Technology | 18.1% |
| 3 | Healthcare | 17.07% |
| 4 | Consumer Discretionary | 15.68% |
| 5 | Miscellaneous | 8.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
Omnicell
OMCL
$1.64B
| $7.82M | 1.11% |
272,535
-26,235
| -9% | -$708K |
2013 Q2
4 quarters
|
|
27
Huron Consulting
HURN
$2.79B
| $7.78M | 1.1% |
109,803
-10,538
| -9% | -$696K |
2013 Q3
3 quarters
|
|
|
28
DexCom
DXCM
$33.1B
| $7.76M | 1.1% |
+782,568
| New | +$6.93M |
2014 Q2
0 quarters
|
|
|
PVA
29
DELISTED
PENN VIRGINIA CORP
PVA
| $7.72M | 1.1% |
455,726
-51,049
| -10% | -$810K |
2014 Q1
1 quarter
|
|
30
Burlington
BURL
$16.8B
| $7.72M | 1.09% |
242,240
-30,445
| -11% | -$881K |
2014 Q1
1 quarter
|
|
31
EPAM Systems
EPAM
$6.31B
| $7.67M | 1.09% |
175,210
-18,043
| -9% | -$682K |
2013 Q3
3 quarters
|
|
|
SBNY
32
DELISTED
Signature Bank
SBNY
| $7.62M | 1.08% |
60,392
-4,475
| -7% | -$538K |
2013 Q2
4 quarters
|
|
|
WG
33
DELISTED
Willbros Group
WG
| $7.57M | 1.07% |
612,974
-63,258
| -9% | -$754K |
2014 Q1
1 quarter
|
|
34
Standard BioTools
LAB
$258M
| $7.47M | 1.06% |
254,135
-137,898
| -35% | -$4.42M |
2013 Q3
3 quarters
|
|
|
PLKI
35
DELISTED
Popeyes Louisiana Kitchen, Inc.
PLKI
| $7.47M | 1.06% |
170,918
+76,815
| +82% | +$3.13M |
2014 Q1
1 quarter
|
|
36
Grand Canyon Education
LOPE
$4.21B
| $7.36M | 1.04% |
160,060
-15,440
| -9% | -$695K |
2013 Q3
3 quarters
|
|
37
Primoris Services
PRIM
$3.97B
| $7.34M | 1.04% |
254,439
-28,082
| -10% | -$812K |
2013 Q3
3 quarters
|
|
38
DELISTED
HFF Inc.
HF
| $7.3M | 1.04% |
+196,284
| New | +$6.53M |
2014 Q2
0 quarters
|
|
39
Everforth Inc
EFOR
$1.62B
| $7.29M | 1.03% |
205,033
-23,891
| -10% | -$855K |
2014 Q1
1 quarter
|
|
40
Customers Bancorp
CUBI
$2.51B
| $7.21M | 1.02% |
360,292
+138,398
| +62% | +$2.74M |
2013 Q4
2 quarters
|
|
41
Red Robin
RRGB
$173M
| $7.15M | 1.01% |
100,471
-10,641
| -10% | -$744K |
2013 Q2
4 quarters
|
|
42
Icon
ICLR
$13.5B
| $7.15M | 1.01% |
151,770
-95,796
| -39% | -$4.14M |
2013 Q2
4 quarters
|
|
43
A10 Networks
ATEN
$1.84B
| $7.13M | 1.01% |
+536,196
| New | +$6.74M |
2014 Q2
0 quarters
|
|
44
Bank OZK
OZK
$5B
| $7.02M | 1% |
209,752
-25,348
| -11% | -$787K |
2014 Q1
1 quarter
|
|
|
MLNX
45
DELISTED
Mellanox Technologies, Ltd.
MLNX
| $7.02M | 1% |
+201,250
| New | +$6.97M |
2014 Q2
0 quarters
|
|
46
Saia
SAIA
$9.08B
| $7.01M | 0.99% |
+159,479
| New | +$6.62M |
2014 Q2
0 quarters
|
|
|
SYNT
47
DELISTED
Syntel Inc
SYNT
| $7M | 0.99% |
162,876
-15,606
| -9% | -$642K |
2013 Q3
3 quarters
|
|
48
PRA Group
PRAA
$751M
| $7M | 0.99% |
117,505
-62,920
| -35% | -$3.59M |
2013 Q2
4 quarters
|
|
49
Insulet
PODD
$9.62B
| $6.99M | 0.99% |
176,151
-18,192
| -9% | -$699K |
2013 Q4
2 quarters
|
|
50
Armstrong World Industries
AWI
$7.04B
| $6.98M | 0.99% |
+121,541
| New | +$6.58M |
2014 Q2
0 quarters
|
|
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Pier Capital's Q2 2014 Portfolio in Review
As of Q2 2014, Pier Capital held 170 positions worth $705M, down 9.2% from $777M the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Pier Capital withdrew a net $77.4M in Q2 2014, closing 30 positions and reducing 72 holdings. Its most notable exit was Novadaq Technologies Inc., an estimated $9.56M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 19% of assets, up from 14% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Pier Capital opened a new position in Varonis Systems worth $9.07M.
- Pier Capital's largest Q2 2014 buy was Varonis Systems: 937,632 shares worth $9.07M.
- Pier Capital added most to Benefitfocus, Inc. in Q2 2014, an estimated $10.3M increase.
- Pier Capital's biggest Q2 2014 reduction was SALIX PHARMACEUTICALS LTD DEL, cutting an estimated $10.8M.
- Pier Capital fully exited Novadaq Technologies Inc. in Q2 2014, selling an estimated $9.56M.
- Pier Capital's ten largest holdings make up 16% of its $705M portfolio in Q2 2014.
- Pier Capital opened 34 new positions and closed 30 in Q2 2014.
- Pier Capital's portfolio value fell 9.2% quarter-over-quarter to $705M.
Based on Pier Capital's 13F filing for Q2 2014, filed 12 Aug 2014.