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Pier Capital Portfolio holdings
AUM
$755M
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
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 | 27.93% |
| 2 | Healthcare | 18.21% |
| 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 | |
|---|---|---|---|---|---|---|
|
MKTO
101
DELISTED
MARKETO INC COM STK (DE)
MKTO
| $2.12M | 0.41% |
108,356
-119,180
| -52% | -$2.26M |
|
|
CHMA
102
DELISTED
Chiasma, Inc. Common Stock
CHMA
| $1.46M | 0.28% |
159,474
-121,543
| -43% | -$1.32M |
|
|
ECOL
103
DELISTED
US Ecology, Inc.
ECOL
| $1.27M | 0.25% |
28,801
-115,769
| -80% | -$4.19M |
|
104
Sabre
SABR
$831M
| $724K | 0.14% |
25,035
+367
| +1% | +$9.79K |
|
|
ATVI
105
DELISTED
Activision Blizzard
ATVI
| $694K | 0.13% |
20,506
+252
| +1% | +$8.26K |
|
106
Norwegian Cruise Line
NCLH
$8.69B
| $600K | 0.12% |
10,858
+162
| +2% | +$7.8K |
|
|
PNRA
107
DELISTED
Panera Bread Co
PNRA
| $600K | 0.12% |
2,929
+40
| +1% | +$7.97K |
|
|
RHT
108
DELISTED
Red Hat Inc
RHT
| $562K | 0.11% |
+7,546
| New | +$532K |
|
109
Edwards Lifesciences
EW
$53.6B
| $545K | 0.11% |
18,534
-6,345
| -26% | -$175K |
|
|
WP
110
DELISTED
Worldpay, Inc.
WP
| $544K | 0.1% |
10,103
-5,520
| -35% | -$270K |
|
111
IQVIA
IQV
$39.8B
| $519K | 0.1% |
+7,979
| New | +$505K |
|
|
SPLK
112
DELISTED
Splunk Inc
SPLK
| $519K | 0.1% |
+10,599
| New | +$477K |
|
113
Acadia Pharmaceuticals
ACAD
$5.07B
| – | – |
-159,675
| Closed | -$5.69M |
|
114
AppFolio
APPF
$6.97B
| – | – |
-185,463
| Closed | -$2.71M |
|
|
DVAX
115
DELISTED
Dynavax Technologies
DVAX
| – | – |
-2,181
| Closed | -$53K |
|
116
Gray Television
GTN
$520M
| – | – |
-229,889
| Closed | -$3.75M |
|
117
Inogen
INGN
$154M
| – | – |
-67,862
| Closed | -$2.72M |
|
118
Jack in the Box
JACK
$358M
| – | – |
-78,942
| Closed | -$6.06M |
|
119
CarMax
KMX
$8.33B
| – | – |
-9,203
| Closed | -$497K |
|
120
Lithia Motors
LAD
$8.32B
| – | – |
-54,474
| Closed | -$5.81M |
|
121
LGI Homes
LGIH
$1.32B
| – | – |
-119,846
| Closed | -$2.92M |
|
122
Marcus & Millichap
MMI
$1.18B
| – | – |
-79,013
| Closed | -$2.3M |
|
123
Strategy Inc
MSTR
$38.2B
| – | – |
-245,590
| Closed | -$4.4M |
|
124
OSI Systems
OSIS
$3.82B
| – | – |
-64,297
| Closed | -$5.7M |
|
125
Pacira BioSciences
PCRX
$924M
| – | – |
-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 28% of assets, down from 30% 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.