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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
-5.19%
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
$620M
AUM Growth
-$76.6M
Cap. Flow
-$23.1M
Cap. Flow %
-3.73%
Top 10 Hldgs %
18.12%
Holding
124
New
9
Increased
28
Reduced
73
Closed
6

Top Buys

Rank Stock Value
1
GO icon
Grocery Outlet
GO
+$7.8M
2
RAMP icon
LiveRamp
RAMP
+$6.8M
3
WMS icon
Advanced Drainage Systems
WMS
+$5.56M
4
CROX icon
Crocs
CROX
+$4.45M
5
LIND icon
Lindblad Expeditions
LIND
+$4.39M

Top Sells

Rank Stock Value
1
AKRO
Akero Therapeutics
AKRO
+$6.9M
2
GLOB icon
Globant
GLOB
+$6.68M
3
DOCS icon
Doximity
DOCS
+$6.43M
4
ITRI icon
Itron
ITRI
+$6.02M
5
SBCF icon
Seacoast Banking Corp of Florida
SBCF
+$5.41M

Sector Composition

Rank Sector Weight
1 Technology 30.4%
2 Healthcare 22.14%
3 Industrials 19.66%
4 Consumer Discretionary 11.4%
5 Consumer Staples 7.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AXON
101
Axon Enterprise
AXON
$48.7B
$452K 0.07%
2,269
-48
-2% -$9.44K
DXCM icon
102
DexCom
DXCM
$34.3B
$436K 0.07%
4,672
+72
+2% +$8.12K
VEEV icon
103
Veeva Systems
VEEV
$41B
$417K 0.07%
2,048
-43
-2% -$8.66K
WST icon
104
West Pharmaceutical
WST
$24.8B
$390K 0.06%
1,039
-22
-2% -$8.51K
MPWR icon
105
Monolithic Power Systems
MPWR
$67B
$310K 0.05%
670
+77
+13% +$39.4K
PODD icon
106
Insulet
PODD
$10.1B
$289K 0.05%
1,810
-7
-0.4% -$1.57K
SEDG icon
107
SolarEdge
SEDG
$1.98B
$262K 0.04%
2,022
+31
+2% +$5.95K
DT icon
108
Dynatrace
DT
$14.3B
$18.8K ﹤0.01%
403
– –
DECK icon
109
Deckers Outdoor
DECK
$12.7B
$9.25K ﹤0.01%
108
– –
PINS icon
110
Pinterest
PINS
$13.2B
$8.35K ﹤0.01%
309
– –
JAMF
111
DELISTED
Jamf
JAMF
$7.75K ﹤0.01%
439
+46
+12% +$853
TT icon
112
Trane Technologies
TT
$105B
$7.3K ﹤0.01%
36
– –
ENTG icon
113
Entegris
ENTG
$24.6B
$6.76K ﹤0.01%
72
– –
MTZ icon
114
MasTec
MTZ
$22.6B
$6.19K ﹤0.01%
86
-32,915
-100% -$3.28M
ATSG
115
DELISTED
Air Transport Services Group
ATSG
$5.91K ﹤0.01%
283
– –
DOCS icon
116
Doximity
DOCS
$4.74B
$4.39K ﹤0.01%
207
-235,594
-100% -$6.43M
IDXX icon
117
Idexx Laboratories
IDXX
$45B
$3.94K ﹤0.01%
9
– –
IQV icon
118
IQVIA
IQV
$39.8B
$3.54K ﹤0.01%
18
– –
AKRO
119
DELISTED
Akero Therapeutics
AKRO
– –
-147,841
Closed -$6.9M
ALEC icon
120
Alector
ALEC
$228M
– –
-358,963
Closed -$2.16M
ALGM icon
121
Allegro MicroSystems
ALGM
$7.92B
– –
-87,875
Closed -$3.97M
AMN icon
122
AMN Healthcare
AMN
$1.34B
– –
-47,354
Closed -$5.17M
ITRI icon
123
Itron
ITRI
$4.49B
– –
-83,514
Closed -$6.02M
ONON icon
124
On Holding
ONON
$10.6B
– –
-128,873
Closed -$4.25M
1 2 3 4
5

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Pier Capital's Q3 2023 Portfolio in Review

As of Q3 2023, Pier Capital held 124 positions worth $620M, down 11% from $697M the previous quarter. Its ten largest holdings account for 18% of the portfolio.

Pier Capital withdrew a net $23.1M in Q3 2023, closing 6 positions and reducing 73 holdings. Its most notable exit was Akero Therapeutics, an estimated $6.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 29% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Pier Capital opened a new position in Grocery Outlet worth $7.07M.

  • Pier Capital's largest Q3 2023 buy was Grocery Outlet: 245,066 shares worth $7.07M.
  • Pier Capital added most to Lindblad Expeditions in Q3 2023, an estimated $4.39M increase.
  • Pier Capital's biggest Q3 2023 reduction was Globant, cutting an estimated $6.68M.
  • Pier Capital fully exited Akero Therapeutics in Q3 2023, selling an estimated $6.9M.
  • Pier Capital's ten largest holdings make up 18% of its $620M portfolio in Q3 2023.
  • Pier Capital opened 9 new positions and closed 6 in Q3 2023.
  • Pier Capital's portfolio value fell 11% quarter-over-quarter to $620M.

Based on Pier Capital's 13F filing for Q3 2023, filed 14 Nov 2023.