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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
-21.15%
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
$504M
AUM Growth
-$289M
(-36%)
Cap. Flow
-$137M
Cap. Flow
% of AUM
-27.25%
Top 10 Holdings %
Top 10 Hldgs %
14.32%
Holding
134
New
25
Increased
18
Reduced
66
Closed
25
Avg Time Held
0.8
years
Top 10 Avg Time Held
0
years
Top 20 Avg Time Held
0.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AAWW
Atlas Air Worldwide Holdings, Inc.
AAWW
|
+$7.5M |
| 2 |
PDCE
PDC Energy, Inc.
PDCE
|
+$7.45M |
| 3 |
Century Communities
CCS
|
+$7.14M |
| 4 |
FIVE9
FIVN
|
+$6.93M |
| 5 |
Rapid7
RPD
|
+$6.57M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Altair Engineering Inc
ALTR
|
+$10.6M |
| 2 |
Funko
FNKO
|
+$9.62M |
| 3 |
TLND
Talend S.A. American Depositary Shares
TLND
|
+$9.22M |
| 4 |
Amedisys
AMED
|
+$9.02M |
| 5 |
G-III Apparel Group
GIII
|
+$8.81M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 32.89% |
| 2 | Healthcare | 23.02% |
| 3 | Industrials | 16.28% |
| 4 | Consumer Discretionary | 9.01% |
| 5 | Financials | 6.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
101
Atlassian
TEAM
$52.1B
| $436K | 0.09% |
4,896
-1,639
| -25% | -$130K |
2017 Q4
4 quarters
|
|
102
Take-Two Interactive
TTWO
$38.2B
| $422K | 0.08% |
4,101
-849
| -17% | -$97.7K |
2018 Q1
3 quarters
|
|
103
DexCom
DXCM
$32.5B
| $408K | 0.08% |
+13,636
| New | +$433K |
2018 Q4
0 quarters
|
|
104
DELISTED
Exact Sciences
EXAS
| $377K | 0.07% |
+5,971
| New | +$410K |
2018 Q4
0 quarters
|
|
105
Vail Resorts
MTN
$5.38B
| $377K | 0.07% |
1,788
-52
| -3% | -$12.9K |
2016 Q3
9 quarters
|
|
106
BWX Technologies
BWXT
$12.5B
| $356K | 0.07% |
9,302
+2,953
| +47% | +$147K |
2017 Q2
6 quarters
|
|
|
TWTR
107
DELISTED
Twitter, Inc.
TWTR
| $346K | 0.07% |
12,053
-6,625
| -35% | -$208K |
2018 Q2
2 quarters
|
|
|
FLIR
108
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
| $204K | 0.04% |
4,693
-7,104
| -60% | -$349K |
2017 Q4
4 quarters
|
|
|
GRUB
109
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $195K | 0.04% |
1,271
-1,137
| -47% | -$213K |
2018 Q1
3 quarters
|
|
|
110
DELISTED
Amedisys
AMED
| – | – |
-72,210
| Closed | -$9.02M | – |
|
111
Axogen
AXGN
$2.04B
| – | – |
-223,369
| Closed | -$8.23M | – |
|
112
Chegg
CHGG
$81.7M
| – | – |
-152,619
| Closed | -$4.34M | – |
|
113
Coherent
COHR
$46.3B
| – | – |
-164,943
| Closed | -$7.8M | – |
|
114
Cavco Industries
CVCO
$3.99B
| – | – |
-18,963
| Closed | -$4.8M | – |
|
|
115
Funko
FNKO
$364M
| – | – |
-405,940
| Closed | -$9.62M | – |
|
|
116
G-III Apparel Group
GIII
$1.21B
| – | – |
-182,825
| Closed | -$8.81M | – |
|
117
nLIGHT
LASR
$1.94B
| – | – |
-175,342
| Closed | -$3.89M | – |
|
118
DELISTED
LivePerson
LPSN
| – | – |
-22,353
| Closed | -$8.7M | – |
|
119
Noodles & Co
NDLS
$83.5M
| – | – |
-65,844
| Closed | -$6.37M | – |
|
120
Natera
NTRA
$56.6B
| – | – |
-314,510
| Closed | -$7.53M | – |
|
121
NovoCure
NVCR
$1.62B
| – | – |
-85,074
| Closed | -$4.46M | – |
|
122
Semtech
SMTC
$12.9B
| – | – |
-154,966
| Closed | -$8.62M | – |
|
123
Viking Therapeutics
VKTX
$3.21B
| – | – |
-305,350
| Closed | -$5.32M | – |
|
124
JBT Marel
JBTM
$5.39B
| – | – |
-71,937
| Closed | -$8.58M | – |
|
|
125
DELISTED
Altair Engineering Inc
ALTR
| – | – |
-243,909
| Closed | -$10.6M | – |
|
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Pier Capital's Q4 2018 Portfolio in Review
As of Q4 2018, Pier Capital held 134 positions worth $504M, down 36% from $792M the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Pier Capital withdrew a net $137M in Q4 2018, closing 25 positions and reducing 66 holdings. Its most notable exit was Altair Engineering Inc, an estimated $10.6M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 29% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Pier Capital opened a new position in Atlas Air Worldwide Holdings, Inc. worth $6.18M.
- Pier Capital's largest Q4 2018 buy was Atlas Air Worldwide Holdings, Inc.: 146,495 shares worth $6.18M.
- Pier Capital added most to SiteOne Landscape Supply in Q4 2018, an estimated $6.03M increase.
- Pier Capital's biggest Q4 2018 reduction was Emergent Biosolutions, cutting an estimated $5.15M.
- Pier Capital fully exited Altair Engineering Inc in Q4 2018, selling an estimated $10.6M.
- Pier Capital's ten largest holdings make up 14% of its $504M portfolio in Q4 2018.
- Pier Capital opened 25 new positions and closed 25 in Q4 2018.
- Pier Capital's portfolio value fell 36% quarter-over-quarter to $504M.
Based on Pier Capital's 13F filing for Q4 2018, filed 13 Feb 2019.