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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
+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

Top Buys

Rank Stock Value
1
BNFT
Benefitfocus, Inc.
BNFT
+$10.3M
2
VRNS icon
Varonis Systems
VRNS
+$7.98M
3
AAN.A
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
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 18.16%
2 Healthcare 17.07%
3 Consumer Discretionary 15.29%
4 Technology 12.93%
5 Energy 7.13%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SFM icon
151
Sprouts Farmers Market
SFM
$8.03B
– –
-15,572
Closed -$561K
SPSC icon
152
SPS Commerce
SPSC
$2.86B
– –
-199,506
Closed -$6.13M
SSYS icon
153
Stratasys
SSYS
$767M
– –
-62,843
Closed -$6.67M
SYNA icon
154
Synaptics
SYNA
$4.3B
– –
-122,880
Closed -$7.38M
TCBI icon
155
Texas Capital Bancshares
TCBI
$4.38B
– –
-132,641
Closed -$8.61M
VAC icon
156
Marriott Vacations Worldwide
VAC
$4.1B
– –
-140,225
Closed -$7.84M
WDAY icon
157
Workday
WDAY
$51B
– –
-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
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
164
DELISTED
Novadaq Technologies Inc.
NVDQ
– –
-429,315
Closed -$9.56M
TMH
165
DELISTED
Team Health Holdings Inc
TMH
– –
-173,281
Closed -$7.75M
N
166
DELISTED
Netsuite Inc
N
– –
-432
Closed -$41K
AWAY
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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RMC
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BEC
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MWA
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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 18% of assets, up from 14% a quarter earlier, followed by Healthcare and Consumer Discretionary.

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.