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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
+17.44%
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
$659M
AUM Growth
+$48.7M
(+8%)
Cap. Flow
-$23.1M
Cap. Flow
% of AUM
-3.51%
Top 10 Holdings %
Top 10 Hldgs %
16.98%
Holding
119
New
15
Increased
47
Reduced
45
Closed
12
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Coty
COTY
|
+$8.77M |
| 2 |
Krispy Kreme
DNUT
|
+$7.97M |
| 3 |
Global E Online
GLBE
|
+$6.61M |
| 4 |
IMAX
IMAX
|
+$6.54M |
| 5 |
PNT
POINT Biopharma Global Inc. Common Stock
PNT
|
+$6.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
First Merchants
FRME
|
+$9.9M |
| 2 |
Glacier Bancorp
GBCI
|
+$9.52M |
| 3 |
ONT
Onterris Inc
ONT
|
+$8.48M |
| 4 |
Shift4
FOUR
|
+$8.22M |
| 5 |
JFrog
FROG
|
+$6.16M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 27.2% |
| 2 | Healthcare | 23.49% |
| 3 | Industrials | 19.4% |
| 4 | Consumer Discretionary | 12.17% |
| 5 | Consumer Staples | 8.61% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Wolfspeed
WOLF
$1.64B
| $718K | 0.11% |
11,047
-390
| -3% | -$28.5K |
|
102
SolarEdge
SEDG
$1.98B
| $707K | 0.11% |
2,325
-410
| -15% | -$125K |
|
103
Insulet
PODD
$10.1B
| $655K | 0.1% |
2,054
-363
| -15% | -$108K |
|
104
Cheniere Energy
LNG
$55.4B
| $654K | 0.1% |
4,149
-725
| -15% | -$109K |
|
105
DexCom
DXCM
$34.3B
| $616K | 0.09% |
5,298
-926
| -15% | -$104K |
|
106
Pinterest
PINS
$13.2B
| $528K | 0.08% |
19,375
-22,429
| -54% | -$581K |
|
|
GTM
107
ZoomInfo Technologies
GTM
$1.25B
| $386K | 0.06% |
15,638
+4,078
| +35% | +$105K |
|
108
Allogene Therapeutics
ALLO
$683M
| – | – |
-262,832
| Closed | -$1.65M |
|
109
ALX Oncology
ALXO
$278M
| – | – |
-271,848
| Closed | -$3.06M |
|
110
Anavex Life Sciences
AVXL
$316M
| – | – |
-280,854
| Closed | -$2.6M |
|
111
Azenta
AZTA
$1.47B
| – | – |
-86,578
| Closed | -$5.04M |
|
112
Dutch Bros
BROS
$8.93B
| – | – |
-121,002
| Closed | -$3.41M |
|
113
Cerus
CERS
$572M
| – | – |
-978,695
| Closed | -$3.57M |
|
|
114
First Merchants
FRME
$2.72B
| – | – |
-240,751
| Closed | -$9.9M |
|
|
115
JFrog
FROG
$11.5B
| – | – |
-288,953
| Closed | -$6.16M |
|
|
116
Glacier Bancorp
GBCI
$6.48B
| – | – |
-192,729
| Closed | -$9.52M |
|
117
Lantheus
LNTH
$6.57B
| – | – |
-85,612
| Closed | -$4.36M |
|
|
ONT
118
Onterris Inc
ONT
$576M
| – | – |
-191,001
| Closed | -$8.48M |
|
119
MaxCyte
MXCT
$149M
| – | – |
-1,074,164
| Closed | -$5.86M |
|
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Pier Capital's Q1 2023 Portfolio in Review
As of Q1 2023, Pier Capital held 119 positions worth $659M, up 8% from $611M the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Pier Capital withdrew a net $23.1M in Q1 2023, closing 12 positions and reducing 45 holdings. Its most notable exit was First Merchants, an estimated $9.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 26% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Pier Capital opened a new position in Coty worth $10M.
- Pier Capital's largest Q1 2023 buy was Coty: 828,792 shares worth $10M.
- Pier Capital added most to Vaxcyte in Q1 2023, an estimated $3.88M increase.
- Pier Capital's biggest Q1 2023 reduction was Shift4, cutting an estimated $8.22M.
- Pier Capital fully exited First Merchants in Q1 2023, selling an estimated $9.9M.
- Pier Capital's ten largest holdings make up 17% of its $659M portfolio in Q1 2023.
- Pier Capital opened 15 new positions and closed 12 in Q1 2023.
- Pier Capital's portfolio value rose 8% quarter-over-quarter to $659M.
Based on Pier Capital's 13F filing for Q1 2023, filed 10 May 2023.