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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
+9.72%
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
$647M
AUM Growth
+$2.34M
Cap. Flow
-$44.1M
Cap. Flow %
-6.82%
Top 10 Hldgs %
13.66%
Holding
124
New
20
Increased
27
Reduced
60
Closed
17
Avg Time Held
0.9 years
Top 10 Avg Time Held
0.1 years
Top 20 Avg Time Held
0.2 years

Top Buys

Rank Stock Value
1
APPN icon
Appian
APPN
+$7.83M
2
HUD
Hudson Ltd. Class A Common Shares
HUD
+$7.61M
3
TREX icon
Trex
TREX
+$7.16M
4
QTWO icon
Q2 Holdings
QTWO
+$6.96M
5
IBP icon
Installed Building Products
IBP
+$6.82M

Top Sells

Rank Stock Value
1
BNFT
Benefitfocus, Inc.
BNFT
+$9.5M
2
WST icon
West Pharmaceutical
WST
+$9.31M
3
EVH icon
Evolent Health
EVH
+$8.4M
4
STML
Stemline Therapeutics, Inc.
STML
+$8.22M
5
RDFN icon
Redfin
RDFN
+$7.22M

Sector Composition

Rank Sector Weight
1 Technology 33.4%
2 Healthcare 20.65%
3 Industrials 14.38%
4 Consumer Discretionary 12.47%
5 Financials 7.27%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
TACO icon
76
DELISTED
Del Taco Restaurants, Inc. Common Stock
TACO
$5.03M 0.78%
+392,491
New +$4.29M
2019 Q2
0 quarters
MMI icon
77
Marcus & Millichap
MMI
$1.06B
$5.03M 0.78%
162,988
+41,919
+35% +$1.52M
2019 Q1
1 quarter
BHVN icon
78
DELISTED
Biohaven Pharmaceutical Holding Company Ltd.
BHVN
$4.97M 0.77%
113,575
+44,786
+65% +$2.52M
2019 Q1
1 quarter
VRAY
79
DELISTED
ViewRay, Inc.
VRAY
$4.95M 0.77%
562,295
-321,785
-36% -$2.61M
2018 Q3
3 quarters
BAND icon
80
Bandwidth Inc
BAND
$1.39B
$4.88M 0.76%
65,098
-46,659
-42% -$3.4M
2018 Q3
3 quarters
HRTX icon
81
Heron Therapeutics
HRTX
$68.5M
$4.84M 0.75%
260,490
-9,024
-3% -$180K
2018 Q3
3 quarters
WIX icon
82
WIX.com
WIX
$3.14B
$4.84M 0.75%
34,024
-28,076
-45% -$3.79M
2018 Q4
2 quarters
HQY icon
83
HealthEquity
HQY
$7.61B
$4.79M 0.74%
73,191
+2,422
+3% +$169K
2017 Q1
9 quarters
LASR icon
84
nLIGHT
LASR
$1.94B
$4.75M 0.73%
+247,557
New +$5.44M
2019 Q2
0 quarters
GO icon
85
Grocery Outlet
GO
$1.28B
$4.73M 0.73%
+143,776
New +$4.44M
2019 Q2
0 quarters
FND icon
86
Floor & Decor
FND
$4.82B
$4.5M 0.7%
107,468
-85,672
-44% -$3.58M
2018 Q4
2 quarters
LPSN icon
87
DELISTED
LivePerson
LPSN
$4.39M 0.68%
+10,439
New +$4.45M
2019 Q2
0 quarters
VCYT icon
88
Veracyte
VCYT
$3.47B
$4.05M 0.63%
142,122
-63,098
-31% -$1.58M
2018 Q3
3 quarters
VRTU
89
DELISTED
Virtusa Corporation
VRTU
$3.81M 0.59%
85,787
-50,119
-37% -$2.45M
2019 Q1
1 quarter
TTD icon
90
Trade Desk
TTD
$5.78B
$3.76M 0.58%
165,290
-147,250
-47% -$3.16M
2018 Q3
3 quarters
GOOS icon
91
Canada Goose Holdings
GOOS
$789M
$3.68M 0.57%
94,967
-29,333
-24% -$1.32M
2019 Q1
1 quarter
WMGI
92
DELISTED
Wright Medical Group Inc
WMGI
$3.59M 0.56%
120,487
-113,754
-49% -$3.47M
2019 Q1
1 quarter
SWAV icon
93
DELISTED
Shockwave Medical, Inc. Common Stock
SWAV
$3.37M 0.52%
59,096
+49,096
+491% +$2.38M
2019 Q1
1 quarter
PD icon
94
PagerDuty
PD
$1.27B
$3.16M 0.49%
+67,153
New +$3.26M
2019 Q2
0 quarters
SCPL
95
DELISTED
SciPlay Corporation Class A Common Stock
SCPL
$3.05M 0.47%
+222,556
New +$3.29M
2019 Q2
0 quarters
REAL icon
96
The RealReal
REAL
$1.26B
$2.92M 0.45%
+101,000
New +$2.92M
2019 Q2
0 quarters
TWLO icon
97
Twilio
TWLO
$37.5B
$682K 0.11%
5,003
-558
-10% -$74.3K
2018 Q4
2 quarters
EXAS icon
98
DELISTED
Exact Sciences
EXAS
$679K 0.11%
5,755
-641
-10% -$64.6K
2018 Q4
2 quarters
TEAM icon
99
Atlassian
TEAM
$52.6B
$561K 0.09%
4,288
-478
-10% -$57.6K
2017 Q4
6 quarters
ZEN
100
DELISTED
ZENDESK INC
ZEN
$536K 0.08%
6,026
-673
-10% -$57.8K
2017 Q4
6 quarters
1 2 3
4
5

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FFA
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KCG
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SCM
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PCM
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AFAS
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ACM
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M
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Pier Capital's Q2 2019 Portfolio in Review

As of Q2 2019, Pier Capital held 124 positions worth $647M, up 0.36% from $645M the previous quarter. Its ten largest holdings account for 14% of the portfolio.

Pier Capital withdrew a net $44.1M in Q2 2019, closing 17 positions and reducing 60 holdings. Its most notable exit was Benefitfocus, Inc., an estimated $9.5M position sold in full.

By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 35% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Pier Capital opened a new position in Appian worth $8.25M.

  • Pier Capital's largest Q2 2019 buy was Appian: 228,722 shares worth $8.25M.
  • Pier Capital added most to SiteOne Landscape Supply in Q2 2019, an estimated $3.49M increase.
  • Pier Capital's biggest Q2 2019 reduction was Alteryx Inc, cutting an estimated $4.12M.
  • Pier Capital fully exited Benefitfocus, Inc. in Q2 2019, selling an estimated $9.5M.
  • Pier Capital's ten largest holdings make up 14% of its $647M portfolio in Q2 2019.
  • Pier Capital opened 20 new positions and closed 17 in Q2 2019.
  • Pier Capital's portfolio value rose 0.36% quarter-over-quarter to $647M.

Based on Pier Capital's 13F filing for Q2 2019, filed 14 Aug 2019.