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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
-2.64%
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
$590M
AUM Growth
-$56.5M
Cap. Flow
-$27.6M
Cap. Flow %
-4.68%
Top 10 Hldgs %
14.55%
Holding
121
New
14
Increased
46
Reduced
46
Closed
15

Top Buys

Rank Stock Value
1
TXRH icon
Texas Roadhouse
TXRH
+$9.11M
2
KTOS icon
Kratos Defense & Security Solutions
KTOS
+$8.53M
3
PRO
PROS Holdings
PRO
+$8.12M
4
SMTC icon
Semtech
SMTC
+$7.93M
5
CDLX icon
Cardlytics
CDLX
+$7.27M

Top Sells

Rank Stock Value
1
MMSI icon
Merit Medical Systems
MMSI
+$8.79M
2
AAWW
Atlas Air Worldwide Holdings, Inc.
AAWW
+$7.82M
3
CHRS icon
Coherus Oncology
CHRS
+$7.59M
4
PDCE
PDC Energy, Inc.
PDCE
+$7.51M
5
MIME
Mimecast Limited
MIME
+$6.85M

Sector Composition

Rank Sector Weight
1 Technology 34.04%
2 Healthcare 16.11%
3 Consumer Discretionary 14.61%
4 Industrials 12.49%
5 Financials 7.88%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NOW icon
101
ServiceNow
NOW
$132B
$346K 0.06%
6,815
+1,470
+28% +$79.9K
EXAS
102
DELISTED
Exact Sciences
EXAS
$310K 0.05%
3,435
-2,320
-40% -$264K
BWXT icon
103
BWX Technologies
BWXT
$15.8B
$281K 0.05%
4,917
-4,282
-47% -$239K
DXCM icon
104
DexCom
DXCM
$34.3B
$255K 0.04%
6,836
-124
-2% -$4.82K
OKTA icon
105
Okta
OKTA
$26.9B
$235K 0.04%
+2,390
New +$299K
MDB icon
106
MongoDB
MDB
$38B
$209K 0.04%
+1,736
New +$251K
CHRS icon
107
Coherus Oncology
CHRS
$181M
– –
-343,308
Closed -$7.59M
GVA icon
108
Granite Construction
GVA
$5.41B
– –
-128,530
Closed -$6.19M
LASR icon
109
nLIGHT
LASR
$3.06B
– –
-247,557
Closed -$4.75M
MMSI icon
110
Merit Medical Systems
MMSI
$5.45B
– –
-147,527
Closed -$8.79M
PD icon
111
PagerDuty
PD
$876M
– –
-67,153
Closed -$3.16M
RPD icon
112
Rapid7
RPD
$929M
– –
-115,441
Closed -$6.68M
SAVE
113
DELISTED
Spirit Airlines, Inc.
SAVE
– –
-132,130
Closed -$6.31M
FTCH
114
DELISTED
Farfetch Limited Class A Ordinary Shares
FTCH
– –
-16,532
Closed -$344K
SCPL
115
DELISTED
SciPlay Corporation Class A Common Stock
SCPL
– –
-222,556
Closed -$3.05M
PDCE
116
DELISTED
PDC Energy, Inc.
PDCE
– –
-208,146
Closed -$7.51M
MIME
117
DELISTED
Mimecast Limited
MIME
– –
-146,633
Closed -$6.85M
VRTU
118
DELISTED
Virtusa Corporation
VRTU
– –
-85,787
Closed -$3.81M
WMGI
119
DELISTED
Wright Medical Group Inc
WMGI
– –
-120,487
Closed -$3.59M
TACO
120
DELISTED
Del Taco Restaurants, Inc. Common Stock
TACO
– –
-392,491
Closed -$5.03M
AAWW
121
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
– –
-175,088
Closed -$7.82M
1 2 3 4
5

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Pier Capital's Q3 2019 Portfolio in Review

As of Q3 2019, Pier Capital held 121 positions worth $590M, down 8.7% from $647M the previous quarter. Its ten largest holdings account for 15% of the portfolio.

Pier Capital withdrew a net $27.6M in Q3 2019, closing 15 positions and reducing 46 holdings. Its most notable exit was Merit Medical Systems, an estimated $8.79M position sold in full.

By sector, the portfolio is most concentrated in Technology at 34% of assets, up from 33% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Pier Capital opened a new position in Texas Roadhouse worth $9.02M.

  • Pier Capital's largest Q3 2019 buy was Texas Roadhouse: 171,756 shares worth $9.02M.
  • Pier Capital added most to Trade Desk in Q3 2019, an estimated $5.65M increase.
  • Pier Capital's biggest Q3 2019 reduction was Inspire Medical Systems, cutting an estimated $4.14M.
  • Pier Capital fully exited Merit Medical Systems in Q3 2019, selling an estimated $8.79M.
  • Pier Capital's ten largest holdings make up 15% of its $590M portfolio in Q3 2019.
  • Pier Capital opened 14 new positions and closed 15 in Q3 2019.
  • Pier Capital's portfolio value fell 8.7% quarter-over-quarter to $590M.

Based on Pier Capital's 13F filing for Q3 2019, filed 13 Nov 2019.