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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
-5.19%
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
$620M
AUM Growth
-$76.6M
Cap. Flow
-$23.1M
Cap. Flow %
-3.73%
Top 10 Hldgs %
18.12%
Holding
124
New
9
Increased
28
Reduced
73
Closed
6

Top Buys

Rank Stock Value
1
GO icon
Grocery Outlet
GO
+$7.8M
2
RAMP icon
LiveRamp
RAMP
+$6.8M
3
WMS icon
Advanced Drainage Systems
WMS
+$5.56M
4
CROX icon
Crocs
CROX
+$4.45M
5
LIND icon
Lindblad Expeditions
LIND
+$4.39M

Top Sells

Rank Stock Value
1
AKRO
Akero Therapeutics
AKRO
+$6.9M
2
GLOB icon
Globant
GLOB
+$6.68M
3
DOCS icon
Doximity
DOCS
+$6.43M
4
ITRI icon
Itron
ITRI
+$6.02M
5
SBCF icon
Seacoast Banking Corp of Florida
SBCF
+$5.41M

Sector Composition

Rank Sector Weight
1 Technology 30.4%
2 Healthcare 22.14%
3 Industrials 19.66%
4 Consumer Discretionary 11.4%
5 Consumer Staples 7.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CXM icon
26
Sprinklr
CXM
$1.58B
$7.73M 1.25%
558,666
+271,969
+95% +$3.89M
SMAR
27
DELISTED
Smartsheet Inc.
SMAR
$7.73M 1.25%
190,941
-3,829
-2% -$157K
PRVA icon
28
Privia Health
PRVA
$2.75B
$7.61M 1.23%
330,997
-4,479
-1% -$114K
OPCH icon
29
Option Care Health
OPCH
$3.57B
$7.58M 1.22%
234,385
-97,167
-29% -$3.28M
GLBE icon
30
Global E Online
GLBE
$7.09B
$7.54M 1.21%
189,669
-57,116
-23% -$2.3M
APPF icon
31
AppFolio
APPF
$6.97B
$7.49M 1.21%
41,031
-15,572
-28% -$2.82M
IBP icon
32
Installed Building Products
IBP
$6.46B
$7.47M 1.2%
59,841
-1,049
-2% -$148K
BL icon
33
BlackLine
BL
$1.82B
$7.47M 1.2%
134,646
+43,902
+48% +$2.4M
ACLS icon
34
Axcelis
ACLS
$4.39B
$7.4M 1.19%
45,380
-13,857
-23% -$2.44M
PLAY icon
35
Dave & Buster's
PLAY
$361M
$7.35M 1.18%
198,303
-3,311
-2% -$135K
FIVE icon
36
Five Below
FIVE
$13.2B
$7.27M 1.17%
45,159
-689
-2% -$126K
PCOR icon
37
Procore
PCOR
$8.81B
$7.19M 1.16%
110,121
-2,205
-2% -$147K
WSC icon
38
WillScot Mobile Mini Holdings
WSC
$4.17B
$7.17M 1.16%
172,361
-2,942
-2% -$129K
RGEN icon
39
Repligen
RGEN
$9.45B
$7.16M 1.15%
45,025
-18,709
-29% -$3.06M
NARI
40
DELISTED
Inari Medical, Inc. Common Stock
NARI
$7.14M 1.15%
109,185
-27,954
-20% -$1.76M
BWXT icon
41
BWX Technologies
BWXT
$15.8B
$7.12M 1.15%
94,903
-2,130
-2% -$154K
GO icon
42
Grocery Outlet
GO
$1.07B
$7.07M 1.14%
+245,066
New +$7.8M
WING icon
43
Wingstop
WING
$3.05B
$7.03M 1.13%
39,078
-1,052
-3% -$182K
AZEK
44
DELISTED
The AZEK Co
AZEK
$6.95M 1.12%
233,745
-6,320
-3% -$199K
SHLS icon
45
Shoals Technologies Group
SHLS
$1.4B
$6.76M 1.09%
370,250
-6,444
-2% -$143K
PZZA icon
46
Papa John's
PZZA
$793M
$6.76M 1.09%
99,042
+26,087
+36% +$2.02M
FRPT icon
47
Freshpet
FRPT
$3.48B
$6.7M 1.08%
101,667
-1,743
-2% -$125K
POWI icon
48
Power Integrations
POWI
$3.57B
$6.7M 1.08%
87,742
-1,638
-2% -$140K
TXRH icon
49
Texas Roadhouse
TXRH
$14.1B
$6.68M 1.08%
69,532
-1,174
-2% -$125K
RAMP icon
50
LiveRamp
RAMP
$2.3B
$6.64M 1.07%
+230,224
New +$6.8M
1
2
3 4 5

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Pier Capital's Q3 2023 Portfolio in Review

As of Q3 2023, Pier Capital held 124 positions worth $620M, down 11% from $697M the previous quarter. Its ten largest holdings account for 18% of the portfolio.

Pier Capital withdrew a net $23.1M in Q3 2023, closing 6 positions and reducing 73 holdings. Its most notable exit was Akero Therapeutics, an estimated $6.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 29% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Pier Capital opened a new position in Grocery Outlet worth $7.07M.

  • Pier Capital's largest Q3 2023 buy was Grocery Outlet: 245,066 shares worth $7.07M.
  • Pier Capital added most to Lindblad Expeditions in Q3 2023, an estimated $4.39M increase.
  • Pier Capital's biggest Q3 2023 reduction was Globant, cutting an estimated $6.68M.
  • Pier Capital fully exited Akero Therapeutics in Q3 2023, selling an estimated $6.9M.
  • Pier Capital's ten largest holdings make up 18% of its $620M portfolio in Q3 2023.
  • Pier Capital opened 9 new positions and closed 6 in Q3 2023.
  • Pier Capital's portfolio value fell 11% quarter-over-quarter to $620M.

Based on Pier Capital's 13F filing for Q3 2023, filed 14 Nov 2023.