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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
(+0.36%)
Cap. Flow
-$44.1M
Cap. Flow
% of AUM
-6.82%
Top 10 Holdings %
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 |
Appian
APPN
|
+$7.83M |
| 2 |
HUD
Hudson Ltd. Class A Common Shares
HUD
|
+$7.61M |
| 3 |
Trex
TREX
|
+$7.16M |
| 4 |
Q2 Holdings
QTWO
|
+$6.96M |
| 5 |
Installed Building Products
IBP
|
+$6.82M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BNFT
Benefitfocus, Inc.
BNFT
|
+$9.54M |
| 2 |
West Pharmaceutical
WST
|
+$9.31M |
| 3 |
Evolent Health
EVH
|
+$8.4M |
| 4 |
STML
Stemline Therapeutics, Inc.
STML
|
+$8.22M |
| 5 |
Redfin
RDFN
|
+$7.21M |
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 | |
|---|---|---|---|---|---|---|---|
101
Chewy
CHWY
$8.37B
| $517K | 0.08% |
+14,778
| New | +$499K |
2019 Q2
0 quarters
|
|
102
Pinterest
PINS
$12.6B
| $480K | 0.07% |
+17,617
| New | +$481K |
2019 Q2
0 quarters
|
|
103
BWX Technologies
BWXT
$12.6B
| $479K | 0.07% |
9,199
-1,026
| -10% | -$51.2K |
2017 Q2
8 quarters
|
|
104
Spotify
SPOT
$108B
| $467K | 0.07% |
3,197
-357
| -10% | -$49.1K |
2019 Q1
1 quarter
|
|
|
FTCH
105
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
| $344K | 0.05% |
16,532
-1,844
| -10% | -$42.6K |
2019 Q1
1 quarter
|
|
106
ServiceNow
NOW
$146B
| $294K | 0.05% |
5,345
-5,365
| -50% | -$282K |
2016 Q3
11 quarters
|
|
107
DexCom
DXCM
$32.5B
| $261K | 0.04% |
6,960
-208
| -3% | -$6.54K |
2018 Q4
2 quarters
|
|
108
BlackLine
BL
$1.72B
| – | – |
-131,226
| Closed | -$6.08M | – |
|
109
CareDx
CDNA
$3.31B
| – | – |
-154,132
| Closed | -$4.86M | – |
|
110
DELISTED
Eventbrite
EB
| – | – |
-242,137
| Closed | -$4.64M | – |
|
|
111
Evolent Health
EVH
$531M
| – | – |
-667,999
| Closed | -$8.4M | – |
|
|
112
DELISTED
Redfin
RDFN
| – | – |
-355,935
| Closed | -$7.21M | – |
|
113
Roku
ROKU
$22.9B
| – | – |
-72,390
| Closed | -$4.67M | – |
|
114
Neuronetics
STIM
$144M
| – | – |
-310,375
| Closed | -$4.73M | – |
|
115
Take-Two Interactive
TTWO
$38.3B
| – | – |
-3,021
| Closed | -$285K | – |
|
|
116
West Pharmaceutical
WST
$26.8B
| – | – |
-84,506
| Closed | -$9.31M | – |
|
|
BNFT
117
DELISTED
Benefitfocus, Inc.
BNFT
| – | – |
-192,684
| Closed | -$9.54M | – |
|
|
TWTR
118
DELISTED
Twitter, Inc.
TWTR
| – | – |
-15,916
| Closed | -$523K | – |
|
|
MNDT
119
DELISTED
Mandiant, Inc. Common Stock
MNDT
| – | – |
-426,613
| Closed | -$7.16M | – |
|
|
EPAY
120
DELISTED
Bottomline Technologies Inc
EPAY
| – | – |
-73,936
| Closed | -$3.7M | – |
|
|
TLND
121
DELISTED
Talend S.A. American Depositary Shares
TLND
| – | – |
-103,626
| Closed | -$5.24M | – |
|
|
HOME
122
DELISTED
At Home Group Inc.
HOME
| – | – |
-317,425
| Closed | -$5.67M | – |
|
|
STML
123
DELISTED
Stemline Therapeutics, Inc.
STML
| – | – |
-639,582
| Closed | -$8.22M | – |
|
|
PVTL
124
DELISTED
Pivotal Software, Inc.
PVTL
| – | – |
-330,361
| Closed | -$6.89M | – |
|
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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 $9.54M 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 $9.54M.
- 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.