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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
BNFT
1
DELISTED
Benefitfocus, Inc.
BNFT
$16.5M 2.34%
356,246
+275,573
+342% +$10.3M
2014 Q1
1 quarter
MKTO
2
DELISTED
MARKETO INC COM STK (DE)
MKTO
$11.7M 1.66%
402,052
+207,648
+107% +$5.64M
2013 Q4
2 quarters
CVT
3
DELISTED
CVENT, INC.
CVT
$11.6M 1.65%
399,261
+203,584
+104% +$5.76M
2014 Q1
1 quarter
FIVE icon
4
Five Below
FIVE
$12.3B
$11.1M 1.57%
278,210
-26,001
-9% -$993K
2013 Q2
4 quarters
RSPP
5
DELISTED
RSP Permian, Inc.
RSPP
$11M 1.55%
337,792
-32,351
-9% -$922K
2014 Q1
1 quarter
DWRE
6
DELISTED
DEMANDWARE INC COM STK (DE)
DWRE
$10.7M 1.52%
154,426
+47,106
+44% +$2.7M
2013 Q2
4 quarters
SKX icon
7
DELISTED
Skechers
SKX
$10.5M 1.49%
690,888
-74,040
-10% -$1.02M
2013 Q3
3 quarters
CSTE icon
8
Caesarstone
CSTE
$93.4M
$10.4M 1.48%
212,649
+55,345
+35% +$2.81M
2013 Q2
4 quarters
SALE
9
DELISTED
RetailMeNot, Inc. Series 1
SALE
$10.1M 1.44%
381,021
+148,960
+64% +$4.33M
2014 Q1
1 quarter
BKU icon
10
Bankunited
BKU
$2.99B
$10M 1.42%
298,774
+76,368
+34% +$2.53M
2013 Q4
2 quarters
SAVE icon
11
DELISTED
Spirit Airlines, Inc.
SAVE
$9.85M 1.4%
155,817
-120,182
-44% -$7.09M
2013 Q2
4 quarters
SCAI
12
DELISTED
Surgical Care Affiliates, Inc.
SCAI
$9.73M 1.38%
334,659
-36,594
-10% -$1.07M
2014 Q1
1 quarter
RH icon
13
RH
RH
$2.23B
$9.52M 1.35%
102,349
-9,475
-8% -$663K
2013 Q4
2 quarters
VRNS icon
14
Varonis Systems
VRNS
$5.44B
$9.07M 1.29%
+937,632
New +$7.98M
2014 Q2
0 quarters
GBX icon
15
The Greenbrier Companies
GBX
$1.22B
$8.87M 1.26%
153,952
-16,371
-10% -$854K
2014 Q1
1 quarter
PCRX icon
16
Pacira BioSciences
PCRX
$1.45B
$8.76M 1.24%
95,348
-37,109
-28% -$2.83M
2013 Q2
4 quarters
GEVA
17
DELISTED
SYNAGEVA BIOPHARMA CORP COM STK (DE)
GEVA
$8.75M 1.24%
83,493
+5,707
+7% +$486K
2014 Q1
1 quarter
ATHL
18
DELISTED
ATHLON ENERGY INC COM
ATHL
$8.74M 1.24%
183,326
-18,154
-9% -$761K
2013 Q4
2 quarters
TPC icon
19
Tutor Perini Cor
TPC
$4.13B
$8.54M 1.21%
269,071
-23,403
-8% -$709K
2013 Q4
2 quarters
GTAT
20
DELISTED
GT ADVANCED TECHNOLOGIES INC COM STK (DE)
GTAT
$8.37M 1.19%
450,194
-47,280
-10% -$780K
2014 Q1
1 quarter
PRLB icon
21
Protolabs
PRLB
$2.09B
$8.35M 1.18%
+101,898
New +$6.9M
2014 Q2
0 quarters
PDCE
22
DELISTED
PDC Energy, Inc.
PDCE
$8.34M 1.18%
132,003
-12,288
-9% -$772K
2013 Q3
3 quarters
CSOD
23
DELISTED
Cornerstone OnDemand, Inc.
CSOD
$8.05M 1.14%
174,976
+50,317
+40% +$2.05M
2013 Q4
2 quarters
BWLD
24
DELISTED
Buffalo Wild Wings, Inc.
BWLD
$7.95M 1.13%
47,962
-4,525
-9% -$664K
2014 Q1
1 quarter
KATE
25
DELISTED
Kate Spade & Company
KATE
$7.88M 1.12%
206,539
-30,245
-13% -$1.08M
2014 Q1
1 quarter
1
2 3 4 5

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KCG
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SCM
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PCM
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AFAS
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ACM
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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.