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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
+1%
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
$705M
AUM Growth
-$71.5M
(-9.2%)
Cap. Flow
-$77.4M
Cap. Flow
% of AUM
-10.98%
Top 10 Holdings %
Top 10 Hldgs %
16.12%
Holding
170
New
34
Increased
20
Reduced
72
Closed
30
Avg Time Held
0.4
years
Top 10 Avg Time Held
0.1
years
Top 20 Avg Time Held
0.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
BNFT
Benefitfocus, Inc.
BNFT
|
+$10.3M |
| 2 |
Varonis Systems
VRNS
|
+$7.98M |
| 3 |
The Aaron's Company Inc Class A
AAN.A
|
+$6.98M |
| 4 |
MLNX
Mellanox Technologies, Ltd.
MLNX
|
+$6.97M |
| 5 |
DexCom
DXCM
|
+$6.93M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SLXP
SALIX PHARMACEUTICALS LTD DEL
SLXP
|
+$10.8M |
| 2 |
Lithia Motors
LAD
|
+$10.2M |
| 3 |
Novadaq Technologies Inc.
NVDQ
|
+$9.56M |
| 4 |
SONC
Sonic Corp
SONC
|
+$8.74M |
| 5 |
Texas Capital Bancshares
TCBI
|
+$8.61M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 19.14% |
| 2 | Technology | 18.1% |
| 3 | Healthcare | 17.07% |
| 4 | Consumer Discretionary | 15.68% |
| 5 | Miscellaneous | 8.48% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
126
Baidu
BIDU
$28.1B
| $59K | 0.01% |
317
| – | – |
2013 Q3
3 quarters
|
|
127
American Airlines Group
AAL
$8.13B
| $57K | 0.01% |
+1,335
| New | +$52.1K |
2014 Q2
0 quarters
|
|
128
Merck
MRK
$358B
| $54K | 0.01% |
970
| – | – |
2014 Q1
1 quarter
|
|
|
HAR
129
DELISTED
Harman International Industries
HAR
| $54K | 0.01% |
504
| – | – |
2014 Q1
1 quarter
|
|
130
Autodesk
ADSK
$51.2B
| $53K | 0.01% |
934
| – | – |
2014 Q1
1 quarter
|
|
131
Biogen
BIIB
$34.8B
| $53K | 0.01% |
+168
| New | +$50.6K |
2014 Q2
0 quarters
|
|
132
Gilead Sciences
GILD
$195B
| $51K | 0.01% |
620
-954
| -61% | -$74.3K |
2013 Q2
4 quarters
|
|
133
Pediatrix Medical
MD
$2.26B
| $50K | 0.01% |
868
| – | – |
2014 Q1
1 quarter
|
|
134
Booking.com
BKNG
$125B
| $48K | 0.01% |
1,000
-1,125
| -53% | -$54K |
2013 Q2
4 quarters
|
|
135
Cognizant
CTSH
$29.6B
| $48K | 0.01% |
975
-1,197
| -55% | -$58.3K |
2013 Q2
4 quarters
|
|
136
Estee Lauder
EL
$38.8B
| $48K | 0.01% |
+645
| New | +$47.4K |
2014 Q2
0 quarters
|
|
137
Ulta Beauty
ULTA
$26B
| $47K | 0.01% |
516
-70
| -12% | -$6.3K |
2014 Q1
1 quarter
|
|
138
TJX Companies
TJX
$159B
| $45K | 0.01% |
1,692
| – | – |
2013 Q2
4 quarters
|
|
|
DATA
139
DELISTED
Tableau Software, Inc.
DATA
| $45K | 0.01% |
637
-6,880
| -92% | -$431K |
2014 Q1
1 quarter
|
|
|
CBI
140
DELISTED
Chicago Bridge & Iron Nv
CBI
| $43K | 0.01% |
637
-6,793
| -91% | -$540K |
2014 Q1
1 quarter
|
|
141
Citi Trends
CTRN
$416M
| – | – |
-228,021
| Closed | -$3.71M | – |
|
142
G-III Apparel Group
GIII
$1.22B
| – | – |
-236,564
| Closed | -$8.47M | – |
|
143
Illumina
ILMN
$40.5B
| – | – |
-306
| Closed | -$44K | – |
|
144
Kforce
KFRC
$926M
| – | – |
-350,895
| Closed | -$7.48M | – |
|
145
Vitamin Cottage Natural Grocers
NGVC
$705M
| – | – |
-175,690
| Closed | -$7.67M | – |
|
146
Nexstar Media Group
NXST
$5.07B
| – | – |
-163,588
| Closed | -$6.14M | – |
|
147
Papa John's
PZZA
$644M
| – | – |
-149,346
| Closed | -$7.78M | – |
|
148
QuidelOrtho
QDEL
$954M
| – | – |
-143,700
| Closed | -$3.92M | – |
|
149
Ross Stores
ROST
$75B
| – | – |
-17,412
| Closed | -$623K | – |
|
150
Comscore
SCOR
$61.2M
| – | – |
-11,976
| Closed | -$7.85M | – |
|
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Pier Capital's Q2 2014 Portfolio in Review
As of Q2 2014, Pier Capital held 170 positions worth $705M, down 9.2% from $777M the previous quarter. Its ten largest holdings account for 16% of the portfolio.
Pier Capital withdrew a net $77.4M in Q2 2014, closing 30 positions and reducing 72 holdings. Its most notable exit was Novadaq Technologies Inc., an estimated $9.56M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 19% of assets, up from 14% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Pier Capital opened a new position in Varonis Systems worth $9.07M.
- Pier Capital's largest Q2 2014 buy was Varonis Systems: 937,632 shares worth $9.07M.
- Pier Capital added most to Benefitfocus, Inc. in Q2 2014, an estimated $10.3M increase.
- Pier Capital's biggest Q2 2014 reduction was SALIX PHARMACEUTICALS LTD DEL, cutting an estimated $10.8M.
- Pier Capital fully exited Novadaq Technologies Inc. in Q2 2014, selling an estimated $9.56M.
- Pier Capital's ten largest holdings make up 16% of its $705M portfolio in Q2 2014.
- Pier Capital opened 34 new positions and closed 30 in Q2 2014.
- Pier Capital's portfolio value fell 9.2% quarter-over-quarter to $705M.
Based on Pier Capital's 13F filing for Q2 2014, filed 12 Aug 2014.