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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
-2.64%
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
$590M
AUM Growth
-$56.5M
Cap. Flow
-$27.6M
Cap. Flow %
-4.68%
Top 10 Hldgs %
14.55%
Holding
121
New
14
Increased
46
Reduced
46
Closed
15
Avg Time Held
1 year
Top 10 Avg Time Held
0.2 years
Top 20 Avg Time Held
0.2 years

Top Buys

Rank Stock Value
1
TXRH icon
Texas Roadhouse
TXRH
+$9.11M
2
KTOS icon
Kratos Defense & Security Solutions
KTOS
+$8.53M
3
PRO icon
PROS Holdings
PRO
+$8.12M
4
SMTC icon
Semtech
SMTC
+$7.93M
5
CDLX icon
Cardlytics
CDLX
+$7.27M

Top Sells

Rank Stock Value
1
MMSI icon
Merit Medical Systems
MMSI
+$8.79M
2
AAWW
Atlas Air Worldwide Holdings, Inc.
AAWW
+$7.82M
3
CHRS icon
Coherus Oncology
CHRS
+$7.59M
4
PDCE
PDC Energy, Inc.
PDCE
+$7.51M
5
MIME
Mimecast Limited
MIME
+$6.85M

Sector Composition

Rank Sector Weight
1 Technology 34.04%
2 Healthcare 16.52%
3 Consumer Discretionary 14.61%
4 Industrials 12.49%
5 Financials 7.88%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
TXRH icon
1
Texas Roadhouse
TXRH
$11.2B
$9.02M 1.53%
+171,756
New +$9.11M
2019 Q3
0 quarters
SKY icon
2
Champion Homes
SKY
$4.34B
$8.9M 1.51%
295,951
+12,125
+4% +$351K
2018 Q3
4 quarters
CCS icon
3
Century Communities
CCS
$1.58B
$8.8M 1.49%
287,388
+19,530
+7% +$544K
2018 Q4
3 quarters
IBP icon
4
Installed Building Products
IBP
$5B
$8.72M 1.48%
152,008
+22,581
+17% +$1.27M
2019 Q2
1 quarter
SITE icon
5
SiteOne Landscape Supply
SITE
$4.12B
$8.65M 1.47%
116,895
-12,921
-10% -$949K
2016 Q2
13 quarters
CUB icon
6
DELISTED
Cubic Corporation
CUB
$8.53M 1.44%
121,070
-30,764
-20% -$2.11M
2018 Q1
6 quarters
MC icon
7
Moelis & Co
MC
$4.1B
$8.44M 1.43%
256,935
+11,901
+5% +$404K
2017 Q3
8 quarters
OMCL icon
8
Omnicell
OMCL
$1.64B
$8.29M 1.4%
114,729
+17,453
+18% +$1.28M
2017 Q3
8 quarters
CASY icon
9
Casey's General Stores
CASY
$24.9B
$8.27M 1.4%
51,338
-1,754
-3% -$289K
2018 Q4
3 quarters
ATSG icon
10
DELISTED
Air Transport Services Group
ATSG
$8.27M 1.4%
393,356
+35,430
+10% +$773K
2016 Q1
14 quarters
ADUS icon
11
Addus HomeCare
ADUS
$2.18B
$8.18M 1.38%
103,139
-9,253
-8% -$750K
2019 Q1
2 quarters
FRPT icon
12
Freshpet
FRPT
$3.25B
$8.16M 1.38%
164,009
+27,212
+20% +$1.24M
2019 Q2
1 quarter
SMTC icon
13
Semtech
SMTC
$13.5B
$8.12M 1.38%
+167,046
New +$7.93M
2019 Q3
0 quarters
APPN icon
14
Appian
APPN
$3.14B
$8.09M 1.37%
170,385
-58,337
-26% -$2.73M
2019 Q2
1 quarter
LHCG
15
DELISTED
LHC Group LLC
LHCG
$8.09M 1.37%
71,219
+6,575
+10% +$792K
2018 Q3
4 quarters
GO icon
16
Grocery Outlet
GO
$1.29B
$8.01M 1.36%
230,893
+87,117
+61% +$3.3M
2019 Q2
1 quarter
HLI icon
17
Houlihan Lokey
HLI
$8.98B
$7.99M 1.35%
177,235
+3,791
+2% +$168K
2019 Q1
2 quarters
MTDR icon
18
Matador Resources
MTDR
$6.65B
$7.95M 1.35%
481,126
+100,653
+26% +$1.68M
2016 Q4
11 quarters
TREE icon
19
LendingTree
TREE
$362M
$7.88M 1.34%
25,400
+8,251
+48% +$2.81M
2018 Q3
4 quarters
SLAB icon
20
Silicon Laboratories
SLAB
$7.38B
$7.85M 1.33%
70,521
+3,472
+5% +$376K
2017 Q2
9 quarters
EVR icon
21
Evercore
EVR
$9.87B
$7.84M 1.33%
97,867
+5,481
+6% +$454K
2017 Q2
9 quarters
LGIH icon
22
LGI Homes
LGIH
$1.02B
$7.79M 1.32%
93,542
+4,026
+4% +$308K
2019 Q1
2 quarters
ESE icon
23
ESCO Technologies
ESE
$6.55B
$7.77M 1.32%
97,658
+4,462
+5% +$355K
2018 Q4
3 quarters
CDLX icon
24
Cardlytics
CDLX
$12.1M
$7.6M 1.29%
+22,684
New +$7.27M
2019 Q3
0 quarters
KTOS icon
25
Kratos Defense & Security Solutions
KTOS
$7.65B
$7.56M 1.28%
+406,482
New +$8.53M
2019 Q3
0 quarters
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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M
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Pier Capital's Q3 2019 Portfolio in Review

As of Q3 2019, Pier Capital held 121 positions worth $590M, down 8.7% from $647M the previous quarter. Its ten largest holdings account for 15% of the portfolio.

Pier Capital withdrew a net $27.6M in Q3 2019, closing 15 positions and reducing 46 holdings. Its most notable exit was Merit Medical Systems, an estimated $8.79M position sold in full.

By sector, the portfolio is most concentrated in Technology at 34% of assets, up from 33% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, Pier Capital opened a new position in Texas Roadhouse worth $9.02M.

  • Pier Capital's largest Q3 2019 buy was Texas Roadhouse: 171,756 shares worth $9.02M.
  • Pier Capital added most to Trade Desk in Q3 2019, an estimated $5.65M increase.
  • Pier Capital's biggest Q3 2019 reduction was Inspire Medical Systems, cutting an estimated $4.14M.
  • Pier Capital fully exited Merit Medical Systems in Q3 2019, selling an estimated $8.79M.
  • Pier Capital's ten largest holdings make up 15% of its $590M portfolio in Q3 2019.
  • Pier Capital opened 14 new positions and closed 15 in Q3 2019.
  • Pier Capital's portfolio value fell 8.7% quarter-over-quarter to $590M.

Based on Pier Capital's 13F filing for Q3 2019, filed 13 Nov 2019.