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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
BNFT
1
DELISTED
Benefitfocus, Inc.
BNFT
$16.5M 2.34%
356,246
+275,573
+342% +$10.3M
MKTO
2
DELISTED
MARKETO INC COM STK (DE)
MKTO
$11.7M 1.66%
402,052
+207,648
+107% +$5.64M
CVT
3
DELISTED
CVENT, INC.
CVT
$11.6M 1.65%
399,261
+203,584
+104% +$5.76M
FIVE icon
4
Five Below
FIVE
$13.2B
$11.1M 1.57%
278,210
-26,001
-9% -$993K
RSPP
5
DELISTED
RSP Permian, Inc.
RSPP
$11M 1.55%
337,792
-32,351
-9% -$922K
DWRE
6
DELISTED
DEMANDWARE INC COM STK (DE)
DWRE
$10.7M 1.52%
154,426
+47,106
+44% +$2.7M
SKX
7
DELISTED
Skechers
SKX
$10.5M 1.49%
690,888
-74,040
-10% -$1.02M
CSTE icon
8
Caesarstone
CSTE
$104M
$10.4M 1.48%
212,649
+55,345
+35% +$2.81M
SALE
9
DELISTED
RetailMeNot, Inc. Series 1
SALE
$10.1M 1.44%
381,021
+148,960
+64% +$4.33M
BKU icon
10
Bankunited
BKU
$3.38B
$10M 1.42%
298,774
+76,368
+34% +$2.53M
SAVE
11
DELISTED
Spirit Airlines, Inc.
SAVE
$9.85M 1.4%
155,817
-120,182
-44% -$7.09M
SCAI
12
DELISTED
Surgical Care Affiliates, Inc.
SCAI
$9.73M 1.38%
334,659
-36,594
-10% -$1.07M
RH icon
13
RH
RH
$3.41B
$9.52M 1.35%
102,349
-9,475
-8% -$663K
VRNS icon
14
Varonis Systems
VRNS
$4.82B
$9.07M 1.29%
+937,632
New +$7.98M
GBX icon
15
The Greenbrier Companies
GBX
$1.41B
$8.87M 1.26%
153,952
-16,371
-10% -$854K
PCRX icon
16
Pacira BioSciences
PCRX
$924M
$8.76M 1.24%
95,348
-37,109
-28% -$2.83M
GEVA
17
DELISTED
SYNAGEVA BIOPHARMA CORP COM STK (DE)
GEVA
$8.75M 1.24%
83,493
+5,707
+7% +$486K
ATHL
18
DELISTED
ATHLON ENERGY INC COM
ATHL
$8.74M 1.24%
183,326
-18,154
-9% -$761K
TPC
19
Tutor Perini Cor
TPC
$5.05B
$8.54M 1.21%
269,071
-23,403
-8% -$709K
GTAT
20
DELISTED
GT ADVANCED TECHNOLOGIES INC COM STK (DE)
GTAT
$8.37M 1.19%
450,194
-47,280
-10% -$780K
PRLB icon
21
Protolabs
PRLB
$2.17B
$8.35M 1.18%
+101,898
New +$6.9M
PDCE
22
DELISTED
PDC Energy, Inc.
PDCE
$8.34M 1.18%
132,003
-12,288
-9% -$772K
CSOD
23
DELISTED
Cornerstone OnDemand, Inc.
CSOD
$8.05M 1.14%
174,976
+50,317
+40% +$2.05M
BWLD
24
DELISTED
Buffalo Wild Wings, Inc.
BWLD
$7.95M 1.13%
47,962
-4,525
-9% -$664K
KATE
25
DELISTED
Kate Spade & Company
KATE
$7.88M 1.12%
206,539
-30,245
-13% -$1.08M
1
2 3 4 5

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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.