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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
-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
Avg Time Held
1 year
Top 10 Avg Time Held
0.2 years
Top 20 Avg Time Held
0.2 years

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 icon
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 16.52%
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 Held Since
TNDM icon
51
Tandem Diabetes Care
TNDM
$1.19B
$6.42M 1.09%
108,943
+3,964
+4% +$253K
2019 Q2
1 quarter
BL icon
52
BlackLine
BL
$1.71B
$6.3M 1.07%
+131,879
New +$6.56M
2019 Q3
0 quarters
BYD icon
53
Boyd Gaming
BYD
$5.07B
$6.29M 1.06%
262,445
+59,126
+29% +$1.49M
2017 Q2
9 quarters
QTWO icon
54
Q2 Holdings
QTWO
$3.9B
$6.24M 1.06%
79,103
-17,203
-18% -$1.42M
2019 Q2
1 quarter
FND icon
55
Floor & Decor
FND
$4.92B
$6.18M 1.05%
120,823
+13,355
+12% +$600K
2018 Q4
3 quarters
AVLR
56
DELISTED
Avalara, Inc.
AVLR
$6.12M 1.04%
90,947
-13,547
-13% -$1.1M
2018 Q2
5 quarters
RGEN icon
57
Repligen
RGEN
$11.1B
$6.05M 1.03%
78,926
-26,411
-25% -$2.31M
2016 Q4
11 quarters
WIX icon
58
WIX.com
WIX
$3.13B
$5.94M 1.01%
50,912
+16,888
+50% +$2.35M
2018 Q4
3 quarters
MMI icon
59
Marcus & Millichap
MMI
$1.06B
$5.93M 1%
167,054
+4,066
+2% +$139K
2019 Q1
2 quarters
GLOB icon
60
Globant
GLOB
$1.7B
$5.83M 0.99%
63,618
-18,327
-22% -$1.82M
2019 Q1
2 quarters
COUP
61
DELISTED
Coupa Software Incorporated
COUP
$5.82M 0.99%
44,941
-24,101
-35% -$3.34M
2018 Q2
5 quarters
CERS icon
62
Cerus
CERS
$449M
$5.82M 0.99%
1,128,936
-51,188
-4% -$274K
2019 Q2
1 quarter
RRR icon
63
Red Rock Resorts
RRR
$2.97B
$5.74M 0.97%
282,752
+17,151
+6% +$358K
2016 Q2
13 quarters
MRTN icon
64
Marten Transport
MRTN
$1.04B
$5.63M 0.95%
+406,500
New +$5.33M
2019 Q3
0 quarters
MEI icon
65
Methode Electronics
MEI
$488M
$5.22M 0.88%
+155,165
New +$4.7M
2019 Q3
0 quarters
PODD icon
66
Insulet
PODD
$9.84B
$5.04M 0.85%
30,586
-22,617
-43% -$3.18M
2018 Q3
4 quarters
PI icon
67
Impinj
PI
$5.71B
$5.02M 0.85%
+162,856
New +$5.69M
2019 Q3
0 quarters
RAVN
68
DELISTED
Raven Industries Inc
RAVN
$5.02M 0.85%
+149,993
New +$5.04M
2019 Q3
0 quarters
HRTX icon
69
Heron Therapeutics
HRTX
$66.8M
$5M 0.85%
270,389
+9,899
+4% +$182K
2018 Q3
4 quarters
AYX
70
DELISTED
Alteryx Inc
AYX
$4.99M 0.85%
46,449
-22,690
-33% -$2.82M
2017 Q3
8 quarters
HQY icon
71
HealthEquity
HQY
$7.66B
$4.89M 0.83%
85,554
+12,363
+17% +$821K
2017 Q1
10 quarters
GOOS icon
72
Canada Goose Holdings
GOOS
$804M
$4.88M 0.83%
111,041
+16,074
+17% +$672K
2019 Q1
2 quarters
CYRX icon
73
CryoPort
CYRX
$849M
$4.56M 0.77%
279,053
-131,034
-32% -$2.63M
2017 Q4
7 quarters
BHVN icon
74
DELISTED
Biohaven Pharmaceutical Holding Company Ltd.
BHVN
$4.54M 0.77%
108,925
-4,650
-4% -$196K
2019 Q1
2 quarters
GH icon
75
Guardant Health
GH
$21.5B
$4.47M 0.76%
70,062
-6,455
-8% -$569K
2018 Q4
3 quarters
1 2
3
4 5

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SCM
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AFAS
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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.