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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
-17.34%
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
$586M
AUM Growth
-$197M
(-25%)
Cap. Flow
-$36.6M
Cap. Flow
% of AUM
-6.24%
Top 10 Holdings %
Top 10 Hldgs %
18.2%
Holding
112
New
7
Increased
51
Reduced
43
Closed
8
Avg Time Held
1.9
years
Top 10 Avg Time Held
0.3
years
Top 20 Avg Time Held
0.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FTI Consulting
FCN
|
+$10.4M |
| 2 |
KNBE
KnowBe4, Inc. Class A Common Stock
KNBE
|
+$7.46M |
| 3 |
Texas Roadhouse
TXRH
|
+$6.99M |
| 4 |
FIVE9
FIVN
|
+$6.88M |
| 5 |
AYX
Alteryx Inc
AYX
|
+$6.82M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dutch Bros
BROS
|
+$10.9M |
| 2 |
Workiva
WK
|
+$10.4M |
| 3 |
LHCG
LHC Group LLC
LHCG
|
+$8.74M |
| 4 |
Bandwidth Inc
BAND
|
+$8.34M |
| 5 |
VAPO
Vapotherm, Inc. Common Stock
VAPO
|
+$8.18M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.7% |
| 2 | Healthcare | 23.73% |
| 3 | Industrials | 19.22% |
| 4 | Consumer Discretionary | 9.93% |
| 5 | Consumer Staples | 7.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
101
BWX Technologies
BWXT
$12.6B
| $10K | ﹤0.01% |
183
| – | – |
2020 Q4
6 quarters
|
|
102
Upwork
UPWK
$1.05B
| $10K | ﹤0.01% |
485
| – | – |
2020 Q3
7 quarters
|
|
103
American Eagle Outfitters
AEO
$3.01B
| $9K | ﹤0.01% |
844
-484,595
| -100% | -$6.83M |
2020 Q4
6 quarters
|
|
104
Coherent
COHR
$45.9B
| $4K | ﹤0.01% |
75
| – | – |
2020 Q4
6 quarters
|
|
|
105
Bandwidth Inc
BAND
$1.39B
| – | – |
-257,600
| Closed | -$8.34M | – |
|
|
106
Dutch Bros
BROS
$5.68B
| – | – |
-196,938
| Closed | -$10.9M | – |
|
|
107
Workiva
WK
$4.1B
| – | – |
-88,507
| Closed | -$10.4M | – |
|
|
VAPO
108
DELISTED
Vapotherm, Inc. Common Stock
VAPO
| – | – |
-73,574
| Closed | -$8.18M | – |
|
109
DELISTED
Silvergate Capital Corporation
SI
| – | – |
-45,414
| Closed | -$6.84M | – |
|
|
MYOV
110
DELISTED
Myovant Sciences Ltd.
MYOV
| – | – |
-294,954
| Closed | -$3.93M | – |
|
|
LHCG
111
DELISTED
LHC Group LLC
LHCG
| – | – |
-51,842
| Closed | -$8.74M | – |
|
112
DELISTED
Biohaven Pharmaceutical Holding Company Ltd.
BHVN
| – | – |
-36,491
| Closed | -$4.33M | – |
|
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Pier Capital's Q2 2022 Portfolio in Review
As of Q2 2022, Pier Capital held 112 positions worth $586M, down 25% from $783M the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Pier Capital withdrew a net $36.6M in Q2 2022, closing 8 positions and reducing 43 holdings. Its most notable exit was Dutch Bros, an estimated $10.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 29% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Pier Capital opened a new position in KnowBe4, Inc. Class A Common Stock worth $5.96M.
- Pier Capital's largest Q2 2022 buy was KnowBe4, Inc. Class A Common Stock: 381,326 shares worth $5.96M.
- Pier Capital added most to FTI Consulting in Q2 2022, an estimated $10.4M increase.
- Pier Capital's biggest Q2 2022 reduction was American Eagle Outfitters, cutting an estimated $6.83M.
- Pier Capital fully exited Dutch Bros in Q2 2022, selling an estimated $10.9M.
- Pier Capital's ten largest holdings make up 18% of its $586M portfolio in Q2 2022.
- Pier Capital opened 7 new positions and closed 8 in Q2 2022.
- Pier Capital's portfolio value fell 25% quarter-over-quarter to $586M.
Based on Pier Capital's 13F filing for Q2 2022, filed 15 Aug 2022.