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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
-17.34%
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
$586M
AUM Growth
-$197M
(-25%)
Cap. Flow
-$36.6M
Cap. Flow
% of AUM
-6.24%
Top 10 Holdings %
Top 10 Hldgs %
18.2%
Holding
112
New
7
Increased
51
Reduced
43
Closed
8
Avg Time Held
1.9
years
Top 10 Avg Time Held
0.3
years
Top 20 Avg Time Held
0.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FTI Consulting
FCN
|
+$10.4M |
| 2 |
KNBE
KnowBe4, Inc. Class A Common Stock
KNBE
|
+$7.46M |
| 3 |
Texas Roadhouse
TXRH
|
+$6.99M |
| 4 |
FIVE9
FIVN
|
+$6.88M |
| 5 |
AYX
Alteryx Inc
AYX
|
+$6.82M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dutch Bros
BROS
|
+$10.9M |
| 2 |
Workiva
WK
|
+$10.4M |
| 3 |
LHCG
LHC Group LLC
LHCG
|
+$8.74M |
| 4 |
Bandwidth Inc
BAND
|
+$8.34M |
| 5 |
VAPO
Vapotherm, Inc. Common Stock
VAPO
|
+$8.18M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.7% |
| 2 | Healthcare | 23.73% |
| 3 | Industrials | 19.22% |
| 4 | Consumer Discretionary | 9.93% |
| 5 | Consumer Staples | 7.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
51
Magnite
MGNI
$3.35B
| $6.4M | 1.09% |
721,036
+1,843
| +0.3% | +$19.8K |
2021 Q1
5 quarters
|
|
|
AAWW
52
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $6.33M | 1.08% |
102,542
+140
| +0.1% | +$9.57K |
2022 Q1
1 quarter
|
|
53
Shift4
FOUR
$3.11B
| $6.28M | 1.07% |
189,949
-63,026
| -25% | -$2.98M |
2021 Q4
2 quarters
|
|
|
54
FIVE9
FIVN
$2.41B
| $6.2M | 1.06% |
+68,016
| New | +$6.88M |
2022 Q2
0 quarters
|
|
|
KNBE
55
DELISTED
KnowBe4, Inc. Class A Common Stock
KNBE
| $5.96M | 1.02% |
+381,326
| New | +$7.46M |
2022 Q2
0 quarters
|
|
56
DELISTED
Apellis Pharmaceuticals
APLS
| $5.89M | 1.01% |
130,340
+132
| +0.1% | +$6.02K |
2021 Q3
3 quarters
|
|
57
Repligen
RGEN
$11.1B
| $5.88M | 1% |
36,195
+6,425
| +22% | +$1.02M |
2016 Q4
22 quarters
|
|
58
Progyny
PGNY
$2.06B
| $5.83M | 1% |
200,849
+888
| +0.4% | +$31.8K |
2019 Q4
10 quarters
|
|
59
Freshpet
FRPT
$3.2B
| $5.83M | 0.99% |
112,343
+954
| +0.9% | +$73.6K |
2019 Q2
12 quarters
|
|
60
Surgery Partners
SGRY
$1.91B
| $5.58M | 0.95% |
192,973
+1,645
| +0.9% | +$71.9K |
2021 Q4
2 quarters
|
|
61
DELISTED
Mister Car Wash
MCW
| $5.58M | 0.95% |
512,478
+221,323
| +76% | +$2.88M |
2022 Q1
1 quarter
|
|
62
Onterris Inc
ONT
$492M
| $5.52M | 0.94% |
163,594
+411
| +0.3% | +$17.2K |
2020 Q4
6 quarters
|
|
|
AYX
63
DELISTED
Alteryx Inc
AYX
| $5.52M | 0.94% |
+114,018
| New | +$6.82M |
2022 Q2
0 quarters
|
|
64
Semtech
SMTC
$12.8B
| $5.38M | 0.92% |
97,822
-874
| -0.9% | -$52.7K |
2019 Q3
11 quarters
|
|
65
Azenta
AZTA
$1.49B
| $5.2M | 0.89% |
72,129
-632
| -0.9% | -$47.2K |
2020 Q1
9 quarters
|
|
66
Power Integrations
POWI
$2.49B
| $4.97M | 0.85% |
66,319
-38,493
| -37% | -$3.12M |
2021 Q1
5 quarters
|
|
67
Crocs
CROX
$5.9B
| $4.82M | 0.82% |
98,976
-404
| -0.4% | -$24.5K |
2019 Q4
10 quarters
|
|
68
Immunocore
IMCR
$1.51B
| $4.6M | 0.79% |
123,394
-113,222
| -48% | -$3.68M |
2021 Q3
3 quarters
|
|
69
Codexis
CDXS
$136M
| $4.54M | 0.78% |
434,543
+103
| +0% | +$1.29K |
2021 Q1
5 quarters
|
|
70
Saia
SAIA
$8.91B
| $4.44M | 0.76% |
23,623
-11,474
| -33% | -$2.31M |
2017 Q3
19 quarters
|
|
71
Sprout Social
SPT
$683M
| $4.23M | 0.72% |
72,779
-132
| -0.2% | -$7.67K |
2021 Q1
5 quarters
|
|
72
Alphatec Holdings
ATEC
$1.62B
| $4.05M | 0.69% |
619,259
+1,447
| +0.2% | +$13.3K |
2020 Q4
6 quarters
|
|
73
Anavex Life Sciences
AVXL
$121M
| $3.85M | 0.66% |
384,179
-104,515
| -21% | -$990K |
2021 Q3
3 quarters
|
|
74
DELISTED
BioLife Solutions
BLFS
| $3.81M | 0.65% |
275,789
+58,381
| +27% | +$857K |
2020 Q4
6 quarters
|
|
75
Kornit Digital
KRNT
$729M
| $3.56M | 0.61% |
112,408
+38,569
| +52% | +$2.04M |
2020 Q1
9 quarters
|
|
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Pier Capital's Q2 2022 Portfolio in Review
As of Q2 2022, Pier Capital held 112 positions worth $586M, down 25% from $783M the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Pier Capital withdrew a net $36.6M in Q2 2022, closing 8 positions and reducing 43 holdings. Its most notable exit was Dutch Bros, an estimated $10.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 29% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Pier Capital opened a new position in KnowBe4, Inc. Class A Common Stock worth $5.96M.
- Pier Capital's largest Q2 2022 buy was KnowBe4, Inc. Class A Common Stock: 381,326 shares worth $5.96M.
- Pier Capital added most to FTI Consulting in Q2 2022, an estimated $10.4M increase.
- Pier Capital's biggest Q2 2022 reduction was American Eagle Outfitters, cutting an estimated $6.83M.
- Pier Capital fully exited Dutch Bros in Q2 2022, selling an estimated $10.9M.
- Pier Capital's ten largest holdings make up 18% of its $586M portfolio in Q2 2022.
- Pier Capital opened 7 new positions and closed 8 in Q2 2022.
- Pier Capital's portfolio value fell 25% quarter-over-quarter to $586M.
Based on Pier Capital's 13F filing for Q2 2022, filed 15 Aug 2022.