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Pier Capital Portfolio holdings

AUM $755M
1-Year Est. Return 94.38%
This Fund
S&P 500
This Quarter Est. Return
-2.64%
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
$590M
AUM Growth
-$56.5M
Cap. Flow
-$27.6M
Cap. Flow %
-4.68%
Top 10 Hldgs %
14.55%
Holding
121
New
14
Increased
46
Reduced
46
Closed
15

Top Buys

Rank Stock Value
1
TXRH icon
Texas Roadhouse
TXRH
+$9.11M
2
KTOS icon
Kratos Defense & Security Solutions
KTOS
+$8.53M
3
PRO
PROS Holdings
PRO
+$8.12M
4
SMTC icon
Semtech
SMTC
+$7.93M
5
CDLX icon
Cardlytics
CDLX
+$7.27M

Top Sells

Rank Stock Value
1
MMSI icon
Merit Medical Systems
MMSI
+$8.79M
2
AAWW
Atlas Air Worldwide Holdings, Inc.
AAWW
+$7.82M
3
CHRS icon
Coherus Oncology
CHRS
+$7.59M
4
PDCE
PDC Energy, Inc.
PDCE
+$7.51M
5
MIME
Mimecast Limited
MIME
+$6.85M

Sector Composition

Rank Sector Weight
1 Technology 34.04%
2 Healthcare 16.11%
3 Consumer Discretionary 14.61%
4 Industrials 12.49%
5 Financials 7.88%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TTD icon
26
Trade Desk
TTD
$6.84B
$7.55M 1.28%
402,730
+237,440
+144% +$5.65M
UCB
27
United Community Banks
UCB
$4.43B
$7.5M 1.27%
264,400
-13,420
-5% -$368K
SAIA icon
28
Saia
SAIA
$10.1B
$7.36M 1.25%
78,543
-40,743
-34% -$3.23M
MRCY icon
29
Mercury Systems
MRCY
$6.7B
$7.35M 1.24%
90,512
-16,248
-15% -$1.28M
LFUS icon
30
Littelfuse
LFUS
$11.4B
$7.27M 1.23%
40,985
+5,276
+15% +$892K
FIVN icon
31
FIVE9
FIVN
$2.33B
$7.24M 1.23%
134,639
-18,337
-12% -$1.03M
FNKO icon
32
Funko
FNKO
$331M
$7.19M 1.22%
349,369
+48,193
+16% +$1.11M
PRO
33
DELISTED
PROS Holdings
PRO
$7.18M 1.22%
+120,445
New +$8.12M
APPF icon
34
AppFolio
APPF
$6.97B
$7.16M 1.21%
75,295
+20,497
+37% +$2.04M
PRIM icon
35
Primoris Services
PRIM
$4.39B
$7.14M 1.21%
364,286
+16,947
+5% +$339K
LSCC icon
36
Lattice Semiconductor
LSCC
$18.4B
$7.07M 1.2%
386,625
-143,265
-27% -$2.62M
RAMP icon
37
LiveRamp
RAMP
$2.3B
$7.03M 1.19%
163,629
+33,797
+26% +$1.57M
ESTC icon
38
Elastic
ESTC
$8.94B
$6.99M 1.18%
84,854
-16,545
-16% -$1.47M
WNS
39
DELISTED
WNS Holdings
WNS
$6.93M 1.17%
117,991
-10,936
-8% -$668K
VCRA
40
DELISTED
VOCERA COMMUNICATIONS, INC.
VCRA
$6.91M 1.17%
280,281
+70,851
+34% +$1.84M
TREX icon
41
Trex
TREX
$5.05B
$6.88M 1.17%
151,308
-59,938
-28% -$2.42M
FRME icon
42
First Merchants
FRME
$2.72B
$6.87M 1.16%
182,596
-13,156
-7% -$491K
SMAR
43
DELISTED
Smartsheet Inc.
SMAR
$6.84M 1.16%
189,900
+15,735
+9% +$749K
HUD
44
DELISTED
Hudson Ltd. Class A Common Shares
HUD
$6.83M 1.16%
556,437
+36,619
+7% +$453K
EBS icon
45
Emergent Biosolutions
EBS
$233M
$6.83M 1.16%
130,573
-17,906
-12% -$834K
ROG icon
46
Rogers Corp
ROG
$2.48B
$6.82M 1.16%
49,906
+18,212
+57% +$2.68M
BAND
47
Bandwidth Inc
BAND
$1.67B
$6.82M 1.15%
104,696
+39,598
+61% +$3.09M
TRHC
48
DELISTED
Tabula Rasa HealthCare, Inc. Common Stock
TRHC
$6.76M 1.15%
123,082
-54,167
-31% -$3.1M
CTLT
49
DELISTED
CATALENT, INC.
CTLT
$6.74M 1.14%
141,490
-7,824
-5% -$420K
YEXT icon
50
Yext
YEXT
$574M
$6.72M 1.14%
423,077
+13,265
+3% +$252K
1
2
3 4 5

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Pier Capital's Q3 2019 Portfolio in Review

As of Q3 2019, Pier Capital held 121 positions worth $590M, down 8.7% from $647M the previous quarter. Its ten largest holdings account for 15% of the portfolio.

Pier Capital withdrew a net $27.6M in Q3 2019, closing 15 positions and reducing 46 holdings. Its most notable exit was Merit Medical Systems, an estimated $8.79M position sold in full.

By sector, the portfolio is most concentrated in Technology at 34% of assets, up from 33% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Pier Capital opened a new position in Texas Roadhouse worth $9.02M.

  • Pier Capital's largest Q3 2019 buy was Texas Roadhouse: 171,756 shares worth $9.02M.
  • Pier Capital added most to Trade Desk in Q3 2019, an estimated $5.65M increase.
  • Pier Capital's biggest Q3 2019 reduction was Inspire Medical Systems, cutting an estimated $4.14M.
  • Pier Capital fully exited Merit Medical Systems in Q3 2019, selling an estimated $8.79M.
  • Pier Capital's ten largest holdings make up 15% of its $590M portfolio in Q3 2019.
  • Pier Capital opened 14 new positions and closed 15 in Q3 2019.
  • Pier Capital's portfolio value fell 8.7% quarter-over-quarter to $590M.

Based on Pier Capital's 13F filing for Q3 2019, filed 13 Nov 2019.