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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
+9.72%
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
$647M
AUM Growth
+$2.34M
(+0.36%)
Cap. Flow
-$44.1M
Cap. Flow
% of AUM
-6.82%
Top 10 Holdings %
Top 10 Hldgs %
13.66%
Holding
124
New
20
Increased
27
Reduced
60
Closed
17
Avg Time Held
0.9
years
Top 10 Avg Time Held
0.1
years
Top 20 Avg Time Held
0.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Appian
APPN
|
+$7.83M |
| 2 |
HUD
Hudson Ltd. Class A Common Shares
HUD
|
+$7.61M |
| 3 |
Trex
TREX
|
+$7.16M |
| 4 |
Q2 Holdings
QTWO
|
+$6.96M |
| 5 |
Installed Building Products
IBP
|
+$6.82M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BNFT
Benefitfocus, Inc.
BNFT
|
+$9.54M |
| 2 |
West Pharmaceutical
WST
|
+$9.31M |
| 3 |
Evolent Health
EVH
|
+$8.4M |
| 4 |
STML
Stemline Therapeutics, Inc.
STML
|
+$8.22M |
| 5 |
Redfin
RDFN
|
+$7.21M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.4% |
| 2 | Healthcare | 20.65% |
| 3 | Industrials | 14.38% |
| 4 | Consumer Discretionary | 12.47% |
| 5 | Financials | 7.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
Houlihan Lokey
HLI
$9.01B
| $7.72M | 1.19% |
173,444
-12,327
| -7% | -$576K |
2019 Q1
1 quarter
|
|
27
Saia
SAIA
$8.83B
| $7.71M | 1.19% |
119,286
-2,775
| -2% | -$178K |
2017 Q3
7 quarters
|
|
28
ESCO Technologies
ESE
$6.5B
| $7.7M | 1.19% |
93,196
-12,399
| -12% | -$910K |
2018 Q4
2 quarters
|
|
29
Zscaler
ZS
$33.8B
| $7.69M | 1.19% |
100,372
-11,087
| -10% | -$790K |
2018 Q4
2 quarters
|
|
|
30
Installed Building Products
IBP
$4.9B
| $7.67M | 1.18% |
+129,427
| New | +$6.82M |
2019 Q2
0 quarters
|
|
31
DELISTED
WNS Holdings
WNS
| $7.63M | 1.18% |
128,927
-11,140
| -8% | -$626K |
2017 Q3
7 quarters
|
|
32
Coherus Oncology
CHRS
$156M
| $7.59M | 1.17% |
343,308
-182,540
| -35% | -$3.17M |
2018 Q2
4 quarters
|
|
|
33
Trex
TREX
$4.64B
| $7.57M | 1.17% |
+211,246
| New | +$7.16M |
2019 Q2
0 quarters
|
|
34
Elastic
ESTC
$9.5B
| $7.57M | 1.17% |
101,399
+14,288
| +16% | +$1.17M |
2018 Q4
2 quarters
|
|
35
Matador Resources
MTDR
$7.06B
| $7.56M | 1.17% |
380,473
-16,571
| -4% | -$315K |
2016 Q4
10 quarters
|
|
|
AYX
36
DELISTED
Alteryx Inc
AYX
| $7.54M | 1.17% |
69,139
-45,312
| -40% | -$4.12M |
2017 Q3
7 quarters
|
|
|
AVLR
37
DELISTED
Avalara, Inc.
AVLR
| $7.54M | 1.17% |
104,494
-49,027
| -32% | -$3.17M |
2018 Q2
4 quarters
|
|
38
CryoPort
CYRX
$855M
| $7.51M | 1.16% |
410,087
-95,247
| -19% | -$1.51M |
2017 Q4
6 quarters
|
|
39
Mercury Systems
MRCY
$4.43B
| $7.51M | 1.16% |
106,760
-40,031
| -27% | -$2.78M |
2019 Q1
1 quarter
|
|
|
PDCE
40
DELISTED
PDC Energy, Inc.
PDCE
| $7.51M | 1.16% |
208,146
+10,222
| +5% | +$386K |
2018 Q4
2 quarters
|
|
41
First Merchants
FRME
$2.49B
| $7.42M | 1.15% |
195,752
+11,981
| +7% | +$439K |
2018 Q2
4 quarters
|
|
|
42
Q2 Holdings
QTWO
$3.87B
| $7.35M | 1.14% |
+96,306
| New | +$6.96M |
2019 Q2
0 quarters
|
|
43
Inspire Medical Systems
INSP
$2.01B
| $7.33M | 1.13% |
120,782
+3,676
| +3% | +$198K |
2018 Q3
3 quarters
|
|
44
Funko
FNKO
$362M
| $7.29M | 1.13% |
+301,176
| New | +$6.4M |
2019 Q2
0 quarters
|
|
45
Primoris Services
PRIM
$3.95B
| $7.27M | 1.12% |
347,339
-2,737
| -0.8% | -$56.1K |
2016 Q4
10 quarters
|
|
46
LendingTree
TREE
$354M
| $7.2M | 1.11% |
17,149
-8,273
| -33% | -$3.16M |
2018 Q3
3 quarters
|
|
47
Emergent Biosolutions
EBS
$335M
| $7.17M | 1.11% |
148,479
+38,033
| +34% | +$1.82M |
2018 Q3
3 quarters
|
|
|
HUD
48
DELISTED
Hudson Ltd. Class A Common Shares
HUD
| $7.17M | 1.11% |
+519,818
| New | +$7.61M |
2019 Q2
0 quarters
|
|
49
Century Communities
CCS
$1.55B
| $7.12M | 1.1% |
267,858
-43,292
| -14% | -$1.15M |
2018 Q4
2 quarters
|
|
50
8x8 Inc
EGHT
$285M
| $7.09M | 1.1% |
294,061
-33,703
| -10% | -$784K |
2018 Q4
2 quarters
|
|
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Pier Capital's Q2 2019 Portfolio in Review
As of Q2 2019, Pier Capital held 124 positions worth $647M, up 0.36% from $645M the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Pier Capital withdrew a net $44.1M in Q2 2019, closing 17 positions and reducing 60 holdings. Its most notable exit was Benefitfocus, Inc., an estimated $9.54M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 35% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Pier Capital opened a new position in Appian worth $8.25M.
- Pier Capital's largest Q2 2019 buy was Appian: 228,722 shares worth $8.25M.
- Pier Capital added most to SiteOne Landscape Supply in Q2 2019, an estimated $3.49M increase.
- Pier Capital's biggest Q2 2019 reduction was Alteryx Inc, cutting an estimated $4.12M.
- Pier Capital fully exited Benefitfocus, Inc. in Q2 2019, selling an estimated $9.54M.
- Pier Capital's ten largest holdings make up 14% of its $647M portfolio in Q2 2019.
- Pier Capital opened 20 new positions and closed 17 in Q2 2019.
- Pier Capital's portfolio value rose 0.36% quarter-over-quarter to $647M.
Based on Pier Capital's 13F filing for Q2 2019, filed 14 Aug 2019.