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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
+21.59%
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
$727M
AUM Growth
+$142M
(+24%)
Cap. Flow
+$57.9M
Cap. Flow
% of AUM
7.97%
Top 10 Holdings %
Top 10 Hldgs %
13.47%
Holding
136
New
26
Increased
53
Reduced
30
Closed
27
Avg Time Held
0.7
years
Top 10 Avg Time Held
0
years
Top 20 Avg Time Held
0.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
First Merchants
FRME
|
+$10.9M |
| 2 |
Evolent Health
EVH
|
+$8.55M |
| 3 |
DPLO
DIPLOMAT PHARMACY, INC.
DPLO
|
+$8.45M |
| 4 |
Smartsheet Inc.
SMAR
|
+$7.98M |
| 5 |
nLIGHT
LASR
|
+$7.88M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KLXI
KLX Inc.
KLXI
|
+$7.63M |
| 2 |
WIFI
Boingo Wireless, Inc.
WIFI
|
+$6.45M |
| 3 |
Wingstop
WING
|
+$6.19M |
| 4 |
MULE
MuleSoft, Inc.
MULE
|
+$6.17M |
| 5 |
Mercury Systems
MRCY
|
+$6.15M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 34.98% |
| 2 | Healthcare | 19.22% |
| 3 | Industrials | 15.46% |
| 4 | Consumer Discretionary | 12.9% |
| 5 | Financials | 5.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
126
WIX.com
WIX
$3.12B
| – | – |
-38,709
| Closed | -$3.08M | – |
|
127
JBT Marel
JBTM
$5.39B
| – | – |
-49,355
| Closed | -$5.6M | – |
|
|
AIMC
128
DELISTED
Altra Industrial Motion Corp
AIMC
| – | – |
-126,197
| Closed | -$5.8M | – |
|
|
RAVN
129
DELISTED
Raven Industries Inc
RAVN
| – | – |
-159,348
| Closed | -$5.58M | – |
|
|
WIFI
130
DELISTED
Boingo Wireless, Inc.
WIFI
| – | – |
-260,532
| Closed | -$6.45M | – |
|
|
VRTU
131
DELISTED
Virtusa Corporation
VRTU
| – | – |
-117,527
| Closed | -$5.7M | – |
|
|
DOVA
132
DELISTED
Dova Pharmaceuticals, Inc. Common Stock
DOVA
| – | – |
-217,885
| Closed | -$5.91M | – |
|
|
KLXI
133
DELISTED
KLX Inc.
KLXI
| – | – |
-127,330
| Closed | -$7.63M | – |
|
|
MULE
134
DELISTED
MuleSoft, Inc.
MULE
| – | – |
-140,351
| Closed | -$6.17M | – |
|
|
ABAX
135
DELISTED
Abaxis Inc
ABAX
| – | – |
-85,723
| Closed | -$6.05M | – |
|
|
STL
136
DELISTED
Sterling Bancorp
STL
| – | – |
-264,093
| Closed | -$5.96M | – |
|
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Pier Capital's Q2 2018 Portfolio in Review
As of Q2 2018, Pier Capital held 136 positions worth $727M, up 24% from $585M the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Pier Capital deployed $57.9M of net new capital in Q2 2018, opening 26 new positions and adding to 53 existing holdings. Its largest new stake was First Merchants: 242,176 shares worth $11.2M.
By sector, the portfolio is most concentrated in Technology at 35% of assets, up from 33% a quarter earlier, followed by Healthcare and Industrials.
On the sell side, the largest reduction was Moelis & Co, an estimated $5.25M trimmed.
- Pier Capital's largest Q2 2018 buy was First Merchants: 242,176 shares worth $11.2M.
- Pier Capital added most to Floor & Decor in Q2 2018, an estimated $4.54M increase.
- Pier Capital's biggest Q2 2018 reduction was Moelis & Co, cutting an estimated $5.25M.
- Pier Capital fully exited KLX Inc. in Q2 2018, selling an estimated $7.63M.
- Pier Capital's ten largest holdings make up 13% of its $727M portfolio in Q2 2018.
- Pier Capital opened 26 new positions and closed 27 in Q2 2018.
- Pier Capital's portfolio value rose 24% quarter-over-quarter to $727M.
Based on Pier Capital's 13F filing for Q2 2018, filed 8 Aug 2018.