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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
Cap. Flow
-$77.4M
Cap. Flow %
-10.98%
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
VRNS icon
Varonis Systems
VRNS
+$7.98M
3
AAN.A icon
The Aaron's Company Inc Class A
AAN.A
+$6.98M
4
MLNX
Mellanox Technologies, Ltd.
MLNX
+$6.97M
5
DXCM icon
DexCom
DXCM
+$6.93M

Top Sells

Rank Stock Value
1
SLXP
SALIX PHARMACEUTICALS LTD DEL
SLXP
+$10.8M
2
LAD icon
Lithia Motors
LAD
+$10.2M
3
NVDQ icon
Novadaq Technologies Inc.
NVDQ
+$9.56M
4
SONC
Sonic Corp
SONC
+$8.74M
5
TCBI icon
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
SFM icon
151
Sprouts Farmers Market
SFM
$6.21B
– –
-15,572
Closed -$561K –
SPSC icon
152
SPS Commerce
SPSC
$3.13B
– –
-199,506
Closed -$6.13M –
SSYS icon
153
Stratasys
SSYS
$624M
– –
-62,843
Closed -$6.67M –
SYNA icon
154
Synaptics
SYNA
$4.67B
– –
-122,880
Closed -$7.38M –
TCBI icon
155
Texas Capital Bancshares
TCBI
$3.94B
– –
-132,641
Closed -$8.61M –
VAC icon
156
Marriott Vacations Worldwide
VAC
$3.86B
– –
-140,225
Closed -$7.84M –
WDAY icon
157
Workday
WDAY
$47.4B
– –
-7,051
Closed -$645K –
QUOT
158
DELISTED
Quotient Technology Inc
QUOT
– –
-149,405
Closed -$3.68M –
WAGE
159
DELISTED
WageWorks, Inc.
WAGE
– –
-134,766
Closed -$7.56M –
ICON icon
160
DELISTED
Iconix Brand Group, Inc.
ICON
– –
-19,285
Closed -$7.57M –
IMPV
161
DELISTED
Imperva, Inc.
IMPV
– –
-126,777
Closed -$7.06M –
SONC
162
DELISTED
Sonic Corp
SONC
– –
-383,544
Closed -$8.74M –
CALD
163
DELISTED
Callidus Software, Inc.
CALD
– –
-630,359
Closed -$7.89M –
NVDQ icon
164
DELISTED
Novadaq Technologies Inc.
NVDQ
– –
-429,315
Closed -$9.56M –
TMH icon
165
DELISTED
Team Health Holdings Inc
TMH
– –
-173,281
Closed -$7.75M –
N
166
DELISTED
Netsuite Inc
N
– –
-432
Closed -$41K –
AWAY icon
167
DELISTED
HOMEAWAY INC COM
AWAY
– –
-2,260
Closed -$85K –
MWIV
168
DELISTED
MWI VETERINARY SUPPLY, INC.
MWIV
– –
-44,275
Closed -$6.89M –
SIVB
169
DELISTED
SVB Financial Group
SIVB
– –
-59,384
Closed -$7.65M –
MDVN
170
DELISTED
MEDIVATION, INC.
MDVN
– –
-18,292
Closed -$589K –
3 4 5 6
7

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FFA
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KCG
Kinsale Capital Group Richmond, Virginia $754M AUM 19.97% 1-Year Est. Return
SCM
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PCM
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AFAS
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ACM
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M
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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.