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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
+21.59%
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
$727M
AUM Growth
+$142M
(+24%)
Cap. Flow
+$57.9M
Cap. Flow
% of AUM
7.97%
Top 10 Holdings %
Top 10 Hldgs %
13.47%
Holding
136
New
26
Increased
53
Reduced
30
Closed
27
Avg Time Held
0.7
years
Top 10 Avg Time Held
0
years
Top 20 Avg Time Held
0.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
First Merchants
FRME
|
+$10.9M |
| 2 |
Evolent Health
EVH
|
+$8.55M |
| 3 |
DPLO
DIPLOMAT PHARMACY, INC.
DPLO
|
+$8.45M |
| 4 |
Smartsheet Inc.
SMAR
|
+$7.98M |
| 5 |
nLIGHT
LASR
|
+$7.88M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KLXI
KLX Inc.
KLXI
|
+$7.63M |
| 2 |
WIFI
Boingo Wireless, Inc.
WIFI
|
+$6.45M |
| 3 |
Wingstop
WING
|
+$6.19M |
| 4 |
MULE
MuleSoft, Inc.
MULE
|
+$6.17M |
| 5 |
Mercury Systems
MRCY
|
+$6.15M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 34.98% |
| 2 | Healthcare | 19.22% |
| 3 | Industrials | 15.46% |
| 4 | Consumer Discretionary | 12.9% |
| 5 | Financials | 5.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
Saia
SAIA
$8.88B
| $7.4M | 1.02% |
91,478
+10,935
| +14% | +$844K |
2017 Q3
3 quarters
|
|
52
Granite Construction
GVA
$4.87B
| $7.38M | 1.01% |
132,495
+14,975
| +13% | +$846K |
2016 Q3
7 quarters
|
|
53
Chegg
CHGG
$81.6M
| $7.36M | 1.01% |
264,712
-27,803
| -10% | -$699K |
2017 Q1
5 quarters
|
|
54
DELISTED
Instructure, Inc.
INST
| $7.35M | 1.01% |
172,640
+40,287
| +30% | +$1.7M |
2017 Q1
5 quarters
|
|
|
MIME
55
DELISTED
Mimecast Limited
MIME
| $7.33M | 1.01% |
+177,805
| New | +$7.23M |
2018 Q2
0 quarters
|
|
56
BlackLine
BL
$1.72B
| $7.3M | 1% |
168,132
-26,011
| -13% | -$1.1M |
2017 Q3
3 quarters
|
|
|
AYX
57
DELISTED
Alteryx Inc
AYX
| $7.29M | 1% |
191,037
+90,226
| +90% | +$3.15M |
2017 Q3
3 quarters
|
|
58
Etsy
ETSY
$7.88B
| $7.29M | 1% |
172,682
-32,994
| -16% | -$1.07M |
2017 Q4
2 quarters
|
|
|
PDCE
59
DELISTED
PDC Energy, Inc.
PDCE
| $7.28M | 1% |
+120,356
| New | +$6.93M |
2018 Q2
0 quarters
|
|
60
Boyd Gaming
BYD
$5.07B
| $7.27M | 1% |
209,673
+51,892
| +33% | +$1.82M |
2017 Q2
4 quarters
|
|
61
Floor & Decor
FND
$4.81B
| $7.26M | 1% |
147,166
+88,355
| +150% | +$4.54M |
2017 Q4
2 quarters
|
|
|
QTNA
62
DELISTED
Quantenna Communications, Inc. Common Stock
QTNA
| $7.23M | 1% |
465,537
+54,606
| +13% | +$816K |
2018 Q1
1 quarter
|
|
63
Power Integrations
POWI
$2.48B
| $7.21M | 0.99% |
197,392
+51,458
| +35% | +$1.87M |
2017 Q1
5 quarters
|
|
64
OraSure Technologies
OSUR
$250M
| $7.21M | 0.99% |
437,518
+93,614
| +27% | +$1.58M |
2017 Q3
3 quarters
|
|
65
DELISTED
Pluralsight, Inc. Class A Common Stock
PS
| $7.2M | 0.99% |
+294,410
| New | +$7.07M |
2018 Q2
0 quarters
|
|
66
Varonis Systems
VRNS
$5.59B
| $7.02M | 0.97% |
282,648
+53,484
| +23% | +$1.28M |
2018 Q1
1 quarter
|
|
67
Coherent
COHR
$46B
| $7.02M | 0.97% |
161,506
-19,346
| -11% | -$854K |
2017 Q4
2 quarters
|
|
68
LGI Homes
LGIH
$998M
| $7.01M | 0.96% |
121,428
+26,004
| +27% | +$1.68M |
2018 Q1
1 quarter
|
|
69
West Pharmaceutical
WST
$26.8B
| $6.98M | 0.96% |
70,336
+8,676
| +14% | +$799K |
2015 Q1
13 quarters
|
|
70
Semtech
SMTC
$12.9B
| $6.97M | 0.96% |
+148,244
| New | +$6.64M |
2018 Q2
0 quarters
|
|
|
ZEN
71
DELISTED
ZENDESK INC
ZEN
| $6.97M | 0.96% |
127,939
-49,976
| -28% | -$2.66M |
2017 Q4
2 quarters
|
|
72
Primoris Services
PRIM
$3.94B
| $6.95M | 0.96% |
255,089
+27,525
| +12% | +$730K |
2016 Q4
6 quarters
|
|
73
Silicon Laboratories
SLAB
$7.37B
| $6.86M | 0.94% |
68,859
+7,707
| +13% | +$771K |
2017 Q2
4 quarters
|
|
|
AVLR
74
DELISTED
Avalara, Inc.
AVLR
| $6.86M | 0.94% |
+128,474
| New | +$6.11M |
2018 Q2
0 quarters
|
|
|
ACIA
75
DELISTED
Acacia Communications Inc
ACIA
| $6.82M | 0.94% |
+195,846
| New | +$6.39M |
2018 Q2
0 quarters
|
|
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Pier Capital's Q2 2018 Portfolio in Review
As of Q2 2018, Pier Capital held 136 positions worth $727M, up 24% from $585M the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Pier Capital deployed $57.9M of net new capital in Q2 2018, opening 26 new positions and adding to 53 existing holdings. Its largest new stake was First Merchants: 242,176 shares worth $11.2M.
By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 33% a quarter earlier, followed by Healthcare and Industrials.
On the sell side, the largest reduction was Moelis & Co, an estimated $5.25M trimmed.
- Pier Capital's largest Q2 2018 buy was First Merchants: 242,176 shares worth $11.2M.
- Pier Capital added most to Floor & Decor in Q2 2018, an estimated $4.54M increase.
- Pier Capital's biggest Q2 2018 reduction was Moelis & Co, cutting an estimated $5.25M.
- Pier Capital fully exited KLX Inc. in Q2 2018, selling an estimated $7.63M.
- Pier Capital's ten largest holdings make up 13% of its $727M portfolio in Q2 2018.
- Pier Capital opened 26 new positions and closed 27 in Q2 2018.
- Pier Capital's portfolio value rose 24% quarter-over-quarter to $727M.
Based on Pier Capital's 13F filing for Q2 2018, filed 8 Aug 2018.