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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
+3.16%
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
$519M
AUM Growth
-$58.9M
(-10%)
Cap. Flow
-$55.2M
Cap. Flow
% of AUM
-10.64%
Top 10 Holdings %
Top 10 Hldgs %
14.18%
Holding
139
New
28
Increased
13
Reduced
71
Closed
27
Avg Time Held
0.6
years
Top 10 Avg Time Held
0.1
years
Top 20 Avg Time Held
0.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
HubSpot
HUBS
|
+$6.55M |
| 2 |
CRAY
Cray, Inc.
CRAY
|
+$5.68M |
| 3 |
HEICO Corp
HEI
|
+$5.47M |
| 4 |
Evercore
EVR
|
+$5.2M |
| 5 |
MarketAxess Holdings
MKTX
|
+$5.18M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CVT
CVENT, INC.
CVT
|
+$8.46M |
| 2 |
Tyler Technologies
TYL
|
+$8.41M |
| 3 |
QLIK
QLIK TECHNOLOGIES INC COM STK (DE)
QLIK
|
+$6.58M |
| 4 |
LXFT
Luxoft Holding, Inc.
LXFT
|
+$6.55M |
| 5 |
Wendy's
WEN
|
+$6.36M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 31.94% |
| 2 | Healthcare | 20.84% |
| 3 | Industrials | 17.49% |
| 4 | Financials | 9.24% |
| 5 | Consumer Discretionary | 8.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
MKTO
101
DELISTED
MARKETO INC COM STK (DE)
MKTO
| $2.12M | 0.41% |
108,356
-119,180
| -52% | -$2.26M |
2015 Q3
2 quarters
|
|
|
CHMA
102
DELISTED
Chiasma, Inc. Common Stock
CHMA
| $1.46M | 0.28% |
159,474
-121,543
| -43% | -$1.32M |
2015 Q3
2 quarters
|
|
|
ECOL
103
DELISTED
US Ecology, Inc.
ECOL
| $1.27M | 0.25% |
28,801
-115,769
| -80% | -$4.19M |
2014 Q4
5 quarters
|
|
104
Sabre
SABR
$722M
| $724K | 0.14% |
25,035
+367
| +1% | +$9.79K |
2015 Q2
3 quarters
|
|
|
ATVI
105
DELISTED
Activision Blizzard
ATVI
| $694K | 0.13% |
20,506
+252
| +1% | +$8.26K |
2015 Q3
2 quarters
|
|
106
Norwegian Cruise Line
NCLH
$7.07B
| $600K | 0.12% |
10,858
+162
| +2% | +$7.8K |
2015 Q3
2 quarters
|
|
|
PNRA
107
DELISTED
Panera Bread Co
PNRA
| $600K | 0.12% |
2,929
+40
| +1% | +$7.97K |
2015 Q4
1 quarter
|
|
|
RHT
108
DELISTED
Red Hat Inc
RHT
| $562K | 0.11% |
+7,546
| New | +$532K |
2016 Q1
0 quarters
|
|
109
Edwards Lifesciences
EW
$50.8B
| $545K | 0.11% |
18,534
-6,345
| -26% | -$175K |
2015 Q3
2 quarters
|
|
|
WP
110
DELISTED
Worldpay, Inc.
WP
| $544K | 0.1% |
10,103
-5,520
| -35% | -$270K |
2015 Q3
2 quarters
|
|
111
IQVIA
IQV
$44.6B
| $519K | 0.1% |
+7,979
| New | +$505K |
2016 Q1
0 quarters
|
|
112
DELISTED
Splunk Inc
SPLK
| $519K | 0.1% |
+10,599
| New | +$477K |
2016 Q1
0 quarters
|
|
113
Acadia Pharmaceuticals
ACAD
$3.4B
| – | – |
-159,675
| Closed | -$5.69M | – |
|
114
AppFolio
APPF
$7.74B
| – | – |
-185,463
| Closed | -$2.71M | – |
|
115
DELISTED
Dynavax Technologies
DVAX
| – | – |
-2,181
| Closed | -$53K | – |
|
116
Gray Television
GTN
$459M
| – | – |
-229,889
| Closed | -$3.75M | – |
|
117
Inogen
INGN
$167M
| – | – |
-67,862
| Closed | -$2.72M | – |
|
118
Jack in the Box
JACK
$243M
| – | – |
-78,942
| Closed | -$6.06M | – |
|
119
CarMax
KMX
$7.47B
| – | – |
-9,203
| Closed | -$497K | – |
|
120
Lithia Motors
LAD
$6.49B
| – | – |
-54,474
| Closed | -$5.81M | – |
|
121
LGI Homes
LGIH
$1.02B
| – | – |
-119,846
| Closed | -$2.92M | – |
|
122
Marcus & Millichap
MMI
$1.07B
| – | – |
-79,013
| Closed | -$2.3M | – |
|
123
Strategy Inc
MSTR
$64.1B
| – | – |
-245,590
| Closed | -$4.4M | – |
|
124
OSI Systems
OSIS
$3.13B
| – | – |
-64,297
| Closed | -$5.7M | – |
|
125
Pacira BioSciences
PCRX
$1.45B
| – | – |
-74,938
| Closed | -$5.75M | – |
|
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Pier Capital's Q1 2016 Portfolio in Review
As of Q1 2016, Pier Capital held 139 positions worth $519M, down 10% from $578M the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Pier Capital withdrew a net $55.2M in Q1 2016, closing 27 positions and reducing 71 holdings. Its most notable exit was CVENT, INC., an estimated $8.46M position sold in full.
By sector, the portfolio is most concentrated in Technology at 32% of assets, down from 33% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Pier Capital opened a new position in HubSpot worth $6.65M.
- Pier Capital's largest Q1 2016 buy was HubSpot: 152,412 shares worth $6.65M.
- Pier Capital added most to Old Dominion Freight Line in Q1 2016, an estimated $2.47M increase.
- Pier Capital's biggest Q1 2016 reduction was US Ecology, Inc., cutting an estimated $4.19M.
- Pier Capital fully exited CVENT, INC. in Q1 2016, selling an estimated $8.46M.
- Pier Capital's ten largest holdings make up 14% of its $519M portfolio in Q1 2016.
- Pier Capital opened 28 new positions and closed 27 in Q1 2016.
- Pier Capital's portfolio value fell 10% quarter-over-quarter to $519M.
Based on Pier Capital's 13F filing for Q1 2016, filed 5 May 2016.