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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
-21.15%
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
$504M
AUM Growth
-$289M
(-36%)
Cap. Flow
-$137M
Cap. Flow
% of AUM
-27.25%
Top 10 Holdings %
Top 10 Hldgs %
14.32%
Holding
134
New
25
Increased
18
Reduced
66
Closed
25
Avg Time Held
0.8
years
Top 10 Avg Time Held
0
years
Top 20 Avg Time Held
0.1
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AAWW
Atlas Air Worldwide Holdings, Inc.
AAWW
|
+$7.5M |
| 2 |
PDCE
PDC Energy, Inc.
PDCE
|
+$7.45M |
| 3 |
Century Communities
CCS
|
+$7.14M |
| 4 |
FIVE9
FIVN
|
+$6.93M |
| 5 |
Rapid7
RPD
|
+$6.57M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Altair Engineering Inc
ALTR
|
+$10.6M |
| 2 |
Funko
FNKO
|
+$9.62M |
| 3 |
TLND
Talend S.A. American Depositary Shares
TLND
|
+$9.22M |
| 4 |
Amedisys
AMED
|
+$9.02M |
| 5 |
G-III Apparel Group
GIII
|
+$8.81M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 32.89% |
| 2 | Healthcare | 23.02% |
| 3 | Industrials | 16.28% |
| 4 | Consumer Discretionary | 9.01% |
| 5 | Financials | 6.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
SiteOne Landscape Supply
SITE
$4.12B
| $8.01M | 1.59% |
144,956
+96,102
| +197% | +$6.03M |
2016 Q2
10 quarters
|
|
2
MasTec
MTZ
$15.4B
| $7.58M | 1.5% |
186,829
-7,444
| -4% | -$321K |
2016 Q2
10 quarters
|
|
3
First Merchants
FRME
$2.48B
| $7.55M | 1.5% |
220,275
+33,652
| +18% | +$1.37M |
2018 Q2
2 quarters
|
|
|
4
FIVE9
FIVN
$2.62B
| $7.53M | 1.49% |
+172,218
| New | +$6.93M |
2018 Q4
0 quarters
|
|
5
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $7.24M | 1.44% |
127,507
-19,537
| -13% | -$1.01M |
2016 Q4
8 quarters
|
|
6
DELISTED
Smartsheet Inc.
SMAR
| $6.97M | 1.38% |
280,557
-12,911
| -4% | -$321K |
2018 Q2
2 quarters
|
|
7
Granite Construction
GVA
$4.83B
| $6.91M | 1.37% |
171,474
-22,080
| -11% | -$1.01M |
2016 Q3
9 quarters
|
|
8
Roku
ROKU
$23B
| $6.89M | 1.37% |
225,007
+111,987
| +99% | +$5.28M |
2018 Q1
3 quarters
|
|
|
EPAY
9
DELISTED
Bottomline Technologies Inc
EPAY
| $6.77M | 1.34% |
141,101
+14,828
| +12% | +$858K |
2018 Q1
3 quarters
|
|
10
Evolent Health
EVH
$551M
| $6.69M | 1.33% |
335,179
+6,661
| +2% | +$154K |
2018 Q2
2 quarters
|
|
11
Heron Therapeutics
HRTX
$71.5M
| $6.58M | 1.31% |
253,600
-8,370
| -3% | -$230K |
2018 Q3
1 quarter
|
|
|
LHCG
12
DELISTED
LHC Group LLC
LHCG
| $6.53M | 1.3% |
69,600
-16,843
| -19% | -$1.61M |
2018 Q3
1 quarter
|
|
13
Repligen
RGEN
$11.7B
| $6.51M | 1.29% |
123,425
-26,917
| -18% | -$1.58M |
2016 Q4
8 quarters
|
|
14
Bandwidth Inc
BAND
$1.6B
| $6.48M | 1.29% |
159,094
+3,144
| +2% | +$148K |
2018 Q3
1 quarter
|
|
15
DELISTED
Air Transport Services Group
ATSG
| $6.48M | 1.29% |
284,101
-193,432
| -41% | -$3.81M |
2016 Q1
11 quarters
|
|
16
ESCO Technologies
ESE
$6.55B
| $6.48M | 1.29% |
+98,230
| New | +$6.38M |
2018 Q4
0 quarters
|
|
17
DELISTED
Cubic Corporation
CUB
| $6.46M | 1.28% |
120,140
-28,850
| -19% | -$1.82M |
2018 Q1
3 quarters
|
|
18
Wingstop
WING
$3.57B
| $6.42M | 1.28% |
+100,091
| New | +$6.54M |
2018 Q4
0 quarters
|
|
19
Saia
SAIA
$9.08B
| $6.42M | 1.27% |
115,084
+8,335
| +8% | +$507K |
2017 Q3
5 quarters
|
|
20
Casey's General Stores
CASY
$24.9B
| $6.33M | 1.26% |
+49,359
| New | +$6.27M |
2018 Q4
0 quarters
|
|
21
Moelis & Co
MC
$4.1B
| $6.27M | 1.24% |
182,357
+106,856
| +142% | +$4.54M |
2017 Q3
5 quarters
|
|
|
22
Rapid7
RPD
$882M
| $6.25M | 1.24% |
+200,716
| New | +$6.57M |
2018 Q4
0 quarters
|
|
23
Insulet
PODD
$9.62B
| $6.24M | 1.24% |
78,618
-7,697
| -9% | -$651K |
2018 Q3
1 quarter
|
|
24
Yext
YEXT
$706M
| $6.23M | 1.24% |
419,757
+90,146
| +27% | +$1.59M |
2018 Q2
2 quarters
|
|
|
AAWW
25
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
| $6.18M | 1.23% |
+146,495
| New | +$7.5M |
2018 Q4
0 quarters
|
|
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Pier Capital's Q4 2018 Portfolio in Review
As of Q4 2018, Pier Capital held 134 positions worth $504M, down 36% from $792M the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Pier Capital withdrew a net $137M in Q4 2018, closing 25 positions and reducing 66 holdings. Its most notable exit was Altair Engineering Inc, an estimated $10.6M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 29% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Pier Capital opened a new position in Atlas Air Worldwide Holdings, Inc. worth $6.18M.
- Pier Capital's largest Q4 2018 buy was Atlas Air Worldwide Holdings, Inc.: 146,495 shares worth $6.18M.
- Pier Capital added most to SiteOne Landscape Supply in Q4 2018, an estimated $6.03M increase.
- Pier Capital's biggest Q4 2018 reduction was Emergent Biosolutions, cutting an estimated $5.15M.
- Pier Capital fully exited Altair Engineering Inc in Q4 2018, selling an estimated $10.6M.
- Pier Capital's ten largest holdings make up 14% of its $504M portfolio in Q4 2018.
- Pier Capital opened 25 new positions and closed 25 in Q4 2018.
- Pier Capital's portfolio value fell 36% quarter-over-quarter to $504M.
Based on Pier Capital's 13F filing for Q4 2018, filed 13 Feb 2019.