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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
-21.15%
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
$504M
AUM Growth
-$289M
(-36%)
Cap. Flow
-$137M
Cap. Flow
% of AUM
-27.25%
Top 10 Holdings %
Top 10 Hldgs %
14.32%
Holding
134
New
25
Increased
18
Reduced
66
Closed
25
Avg Time Held
0.8
years
Top 10 Avg Time Held
0
years
Top 20 Avg Time Held
0.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AAWW
Atlas Air Worldwide Holdings, Inc.
AAWW
|
+$7.5M |
| 2 |
PDCE
PDC Energy, Inc.
PDCE
|
+$7.45M |
| 3 |
Century Communities
CCS
|
+$7.14M |
| 4 |
FIVE9
FIVN
|
+$6.93M |
| 5 |
Rapid7
RPD
|
+$6.57M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Altair Engineering Inc
ALTR
|
+$10.6M |
| 2 |
Funko
FNKO
|
+$9.62M |
| 3 |
TLND
Talend S.A. American Depositary Shares
TLND
|
+$9.22M |
| 4 |
Amedisys
AMED
|
+$9.02M |
| 5 |
G-III Apparel Group
GIII
|
+$8.81M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 32.89% |
| 2 | Healthcare | 23.02% |
| 3 | Industrials | 16.28% |
| 4 | Consumer Discretionary | 9.01% |
| 5 | Financials | 6.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
Evercore
EVR
$9.87B
| $6.11M | 1.21% |
85,347
+45,777
| +116% | +$3.76M |
2017 Q2
6 quarters
|
|
27
Artivion
AORT
$1.07B
| $6.02M | 1.19% |
212,055
-51,626
| -20% | -$1.55M |
2018 Q2
2 quarters
|
|
28
Inspire Medical Systems
INSP
$2.03B
| $5.92M | 1.17% |
140,010
-33,299
| -19% | -$1.42M |
2018 Q3
1 quarter
|
|
|
29
Century Communities
CCS
$1.58B
| $5.91M | 1.17% |
+342,260
| New | +$7.14M |
2018 Q4
0 quarters
|
|
30
Box
BOX
$5.42B
| $5.91M | 1.17% |
349,859
+14,514
| +4% | +$267K |
2016 Q3
9 quarters
|
|
|
ZEN
31
DELISTED
ZENDESK INC
ZEN
| $5.89M | 1.17% |
100,914
-26,987
| -21% | -$1.55M |
2017 Q4
4 quarters
|
|
32
DELISTED
Spirit Airlines, Inc.
SAVE
| $5.88M | 1.17% |
+101,545
| New | +$5.44M |
2018 Q4
0 quarters
|
|
33
LendingTree
TREE
$362M
| $5.87M | 1.16% |
26,721
-18,030
| -40% | -$4.09M |
2018 Q3
1 quarter
|
|
34
WIX.com
WIX
$3.4B
| $5.87M | 1.16% |
+64,921
| New | +$6.13M |
2018 Q4
0 quarters
|
|
|
PVTL
35
DELISTED
Pivotal Software, Inc.
PVTL
| $5.78M | 1.15% |
+353,768
| New | +$6.33M |
2018 Q4
0 quarters
|
|
36
Trade Desk
TTD
$6.21B
| $5.76M | 1.14% |
496,680
-140,240
| -22% | -$1.76M |
2018 Q3
1 quarter
|
|
|
MIME
37
DELISTED
Mimecast Limited
MIME
| $5.75M | 1.14% |
171,127
-25,432
| -13% | -$888K |
2018 Q2
2 quarters
|
|
38
Silicon Laboratories
SLAB
$7.38B
| $5.74M | 1.14% |
72,842
-14,569
| -17% | -$1.21M |
2017 Q2
6 quarters
|
|
39
Littelfuse
LFUS
$9.95B
| $5.73M | 1.14% |
33,399
-4,623
| -12% | -$825K |
2017 Q2
6 quarters
|
|
40
AppFolio
APPF
$7.74B
| $5.73M | 1.14% |
+96,684
| New | +$5.87M |
2018 Q4
0 quarters
|
|
41
CareDx
CDNA
$3.45B
| $5.72M | 1.14% |
227,719
-52,916
| -19% | -$1.36M |
2018 Q3
1 quarter
|
|
42
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
| $5.72M | 1.14% |
+469,138
| New | +$6.49M |
2018 Q4
0 quarters
|
|
43
Omnicell
OMCL
$1.64B
| $5.7M | 1.13% |
93,091
-31,639
| -25% | -$2.14M |
2017 Q3
5 quarters
|
|
44
OraSure Technologies
OSUR
$263M
| $5.68M | 1.13% |
486,626
-106,650
| -18% | -$1.42M |
2017 Q3
5 quarters
|
|
45
DELISTED
Pandora Media Inc
P
| $5.59M | 1.11% |
690,867
-304,170
| -31% | -$2.63M |
2018 Q2
2 quarters
|
|
46
DELISTED
WNS Holdings
WNS
| $5.58M | 1.11% |
135,302
+8,220
| +6% | +$393K |
2017 Q3
5 quarters
|
|
47
8x8 Inc
EGHT
$299M
| $5.56M | 1.1% |
+308,418
| New | +$5.67M |
2018 Q4
0 quarters
|
|
|
HOME
48
DELISTED
At Home Group Inc.
HOME
| $5.56M | 1.1% |
297,867
-33,231
| -10% | -$845K |
2018 Q1
3 quarters
|
|
|
PDCE
49
DELISTED
PDC Energy, Inc.
PDCE
| $5.52M | 1.1% |
+185,630
| New | +$7.45M |
2018 Q4
0 quarters
|
|
50
LiveRamp
RAMP
$2.28B
| $5.51M | 1.09% |
142,764
-68,194
| -32% | -$3.09M |
2018 Q3
1 quarter
|
|
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Pier Capital's Q4 2018 Portfolio in Review
As of Q4 2018, Pier Capital held 134 positions worth $504M, down 36% from $792M the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Pier Capital withdrew a net $137M in Q4 2018, closing 25 positions and reducing 66 holdings. Its most notable exit was Altair Engineering Inc, an estimated $10.6M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 29% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Pier Capital opened a new position in Atlas Air Worldwide Holdings, Inc. worth $6.18M.
- Pier Capital's largest Q4 2018 buy was Atlas Air Worldwide Holdings, Inc.: 146,495 shares worth $6.18M.
- Pier Capital added most to SiteOne Landscape Supply in Q4 2018, an estimated $6.03M increase.
- Pier Capital's biggest Q4 2018 reduction was Emergent Biosolutions, cutting an estimated $5.15M.
- Pier Capital fully exited Altair Engineering Inc in Q4 2018, selling an estimated $10.6M.
- Pier Capital's ten largest holdings make up 14% of its $504M portfolio in Q4 2018.
- Pier Capital opened 25 new positions and closed 25 in Q4 2018.
- Pier Capital's portfolio value fell 36% quarter-over-quarter to $504M.
Based on Pier Capital's 13F filing for Q4 2018, filed 13 Feb 2019.