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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
+21.59%
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
$727M
AUM Growth
+$142M
(+24%)
Cap. Flow
+$57.9M
Cap. Flow
% of AUM
7.97%
Top 10 Holdings %
Top 10 Hldgs %
13.47%
Holding
136
New
26
Increased
53
Reduced
30
Closed
27
Avg Time Held
0.7
years
Top 10 Avg Time Held
0
years
Top 20 Avg Time Held
0.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
First Merchants
FRME
|
+$10.9M |
| 2 |
Evolent Health
EVH
|
+$8.55M |
| 3 |
DPLO
DIPLOMAT PHARMACY, INC.
DPLO
|
+$8.45M |
| 4 |
Smartsheet Inc.
SMAR
|
+$7.98M |
| 5 |
nLIGHT
LASR
|
+$7.88M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KLXI
KLX Inc.
KLXI
|
+$7.63M |
| 2 |
WIFI
Boingo Wireless, Inc.
WIFI
|
+$6.45M |
| 3 |
Wingstop
WING
|
+$6.19M |
| 4 |
MULE
MuleSoft, Inc.
MULE
|
+$6.17M |
| 5 |
Mercury Systems
MRCY
|
+$6.15M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 34.98% |
| 2 | Healthcare | 19.22% |
| 3 | Industrials | 15.46% |
| 4 | Consumer Discretionary | 12.9% |
| 5 | Financials | 5.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
101
Vail Resorts
MTN
$5.4B
| $574K | 0.08% |
2,093
+514
| +33% | +$126K |
2016 Q3
7 quarters
|
|
102
Take-Two Interactive
TTWO
$38.2B
| $566K | 0.08% |
4,784
+827
| +21% | +$90K |
2018 Q1
1 quarter
|
|
|
FLIR
103
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $542K | 0.07% |
10,422
+3,351
| +47% | +$179K |
2017 Q4
2 quarters
|
|
|
GRUB
104
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $529K | 0.07% |
2,522
+942
| +60% | +$195K |
2018 Q1
1 quarter
|
|
|
TWTR
105
DELISTED
Twitter, Inc.
TWTR
| $431K | 0.06% |
+9,866
| New | +$346K |
2018 Q2
0 quarters
|
|
106
Atlassian
TEAM
$52.2B
| $405K | 0.06% |
6,478
-1,941
| -23% | -$119K |
2017 Q4
2 quarters
|
|
107
DELISTED
Splunk Inc
SPLK
| $360K | 0.05% |
3,634
-43
| -1% | -$4.67K |
2016 Q1
9 quarters
|
|
108
BWX Technologies
BWXT
$12.6B
| $359K | 0.05% |
5,754
+279
| +5% | +$18.6K |
2017 Q2
4 quarters
|
|
109
Neuronetics
STIM
$144M
| $186K | 0.03% |
+7,000
| New | +$190K |
2018 Q2
0 quarters
|
|
110
DELISTED
TopBuild
BLD
| – | – |
-78,104
| Closed | -$5.98M | – |
|
111
Dycom Industries
DY
$7.66B
| – | – |
-51,904
| Closed | -$5.59M | – |
|
112
ESCO Technologies
ESE
$6.48B
| – | – |
-87,958
| Closed | -$5.15M | – |
|
113
DELISTED
Faro Technologies
FARO
| – | – |
-103,514
| Closed | -$6.04M | – |
|
114
Home BancShares
HOMB
$5.84B
| – | – |
-245,819
| Closed | -$5.61M | – |
|
115
iShares Russell 2000 Growth ETF
IWO
$13.4B
| – | – |
-30,308
| Closed | -$5.78M | – |
|
116
Kadant
KAI
$3.12B
| – | – |
-30,169
| Closed | -$2.85M | – |
|
117
Merit Medical Systems
MMSI
$5.33B
| – | – |
-131,464
| Closed | -$5.96M | – |
|
|
118
Mercury Systems
MRCY
$4.5B
| – | – |
-127,367
| Closed | -$6.15M | – |
|
119
Old Dominion Freight Line
ODFL
$38.9B
| – | – |
-7,650
| Closed | -$375K | – |
|
120
Planet Fitness
PLNT
$3.83B
| – | – |
-91,447
| Closed | -$3.45M | – |
|
121
Quanta Services
PWR
$95.1B
| – | – |
-175,035
| Closed | -$6.01M | – |
|
122
LendingTree
TREE
$355M
| – | – |
-12,908
| Closed | -$4.24M | – |
|
123
Tower Semiconductor
TSEM
$22.1B
| – | – |
-199,157
| Closed | -$5.36M | – |
|
124
Trade Desk
TTD
$5.74B
| – | – |
-576,740
| Closed | -$2.86M | – |
|
|
125
Wingstop
WING
$3.58B
| – | – |
-131,015
| Closed | -$6.19M | – |
|
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Pier Capital's Q2 2018 Portfolio in Review
As of Q2 2018, Pier Capital held 136 positions worth $727M, up 24% from $585M the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Pier Capital deployed $57.9M of net new capital in Q2 2018, opening 26 new positions and adding to 53 existing holdings. Its largest new stake was First Merchants: 242,176 shares worth $11.2M.
By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 33% a quarter earlier, followed by Healthcare and Industrials.
On the sell side, the largest reduction was Moelis & Co, an estimated $5.25M trimmed.
- Pier Capital's largest Q2 2018 buy was First Merchants: 242,176 shares worth $11.2M.
- Pier Capital added most to Floor & Decor in Q2 2018, an estimated $4.54M increase.
- Pier Capital's biggest Q2 2018 reduction was Moelis & Co, cutting an estimated $5.25M.
- Pier Capital fully exited KLX Inc. in Q2 2018, selling an estimated $7.63M.
- Pier Capital's ten largest holdings make up 13% of its $727M portfolio in Q2 2018.
- Pier Capital opened 26 new positions and closed 27 in Q2 2018.
- Pier Capital's portfolio value rose 24% quarter-over-quarter to $727M.
Based on Pier Capital's 13F filing for Q2 2018, filed 8 Aug 2018.