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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
+8.16%
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
$997M
AUM Growth
-$57.5M
(-5.5%)
Cap. Flow
-$122M
Cap. Flow
% of AUM
-12.22%
Top 10 Holdings %
Top 10 Hldgs %
13.92%
Holding
125
New
8
Increased
27
Reduced
74
Closed
9
Avg Time Held
1.4
years
Top 10 Avg Time Held
0.1
years
Top 20 Avg Time Held
0.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Everbridge, Inc. Common Stock
EVBG
|
+$12M |
| 2 |
Jamf
JAMF
|
+$11M |
| 3 |
RadNet
RDNT
|
+$8.57M |
| 4 |
POSH
Poshmark, Inc. Class A Common Stock
POSH
|
+$7.35M |
| 5 |
Lindblad Expeditions
LIND
|
+$6.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Methode Electronics
MEI
|
+$12.7M |
| 2 |
Redfin
RDFN
|
+$12.7M |
| 3 |
Diodes
DIOD
|
+$12.3M |
| 4 |
CoreCard
CCRD
|
+$12M |
| 5 |
Q2 Holdings
QTWO
|
+$9.26M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 30.69% |
| 2 | Healthcare | 22.32% |
| 3 | Industrials | 14.98% |
| 4 | Consumer Discretionary | 13.37% |
| 5 | Financials | 6.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
PagerDuty
PD
$1.36B
| $15.2M | 1.52% |
355,807
+94,560
| +36% | +$3.83M |
2020 Q3
3 quarters
|
|
2
Papa John's
PZZA
$644M
| $15M | 1.51% |
144,086
-19,537
| -12% | -$1.9M |
2020 Q4
2 quarters
|
|
3
Codexis
CDXS
$141M
| $14.5M | 1.45% |
638,098
+270,075
| +73% | +$5.85M |
2021 Q1
1 quarter
|
|
4
Shake Shack
SHAK
$2.85B
| $14.3M | 1.43% |
133,678
+28,764
| +27% | +$2.9M |
2020 Q4
2 quarters
|
|
5
FormFactor
FORM
$8.85B
| $13.8M | 1.39% |
378,848
+102,181
| +37% | +$4.03M |
2020 Q3
3 quarters
|
|
6
Fabrinet
FN
$13.8B
| $13.5M | 1.35% |
140,553
-18,998
| -12% | -$1.7M |
2020 Q1
5 quarters
|
|
7
Houlihan Lokey
HLI
$8.98B
| $13.4M | 1.34% |
163,538
-22,302
| -12% | -$1.61M |
2019 Q1
9 quarters
|
|
8
Wingstop
WING
$3.57B
| $13.1M | 1.32% |
83,323
-11,506
| -12% | -$1.66M |
2018 Q4
10 quarters
|
|
9
Crocs
CROX
$5.98B
| $13.1M | 1.31% |
112,042
-54,939
| -33% | -$5.41M |
2019 Q4
6 quarters
|
|
|
10
DELISTED
Everbridge, Inc. Common Stock
EVBG
| $13M | 1.31% |
+95,651
| New | +$12M |
2021 Q2
0 quarters
|
|
11
Telos
TLS
$319M
| $12.9M | 1.29% |
378,391
+20,021
| +6% | +$674K |
2020 Q4
2 quarters
|
|
12
Bandwidth Inc
BAND
$1.6B
| $12.8M | 1.29% |
93,040
-13,320
| -13% | -$1.67M |
2018 Q3
11 quarters
|
|
13
Lattice Semiconductor
LSCC
$15.2B
| $12.6M | 1.27% |
225,036
-30,535
| -12% | -$1.57M |
2019 Q1
9 quarters
|
|
14
nLIGHT
LASR
$2.05B
| $12.5M | 1.25% |
343,529
-45,239
| -12% | -$1.35M |
2019 Q4
6 quarters
|
|
15
e.l.f. Beauty
ELF
$6.85B
| $12.4M | 1.25% |
457,900
-62,436
| -12% | -$1.79M |
2020 Q3
3 quarters
|
|
16
Interparfums
IPAR
$3.69B
| $12.3M | 1.24% |
171,093
-22,700
| -12% | -$1.68M |
2019 Q4
6 quarters
|
|
17
Silicon Laboratories
SLAB
$7.38B
| $12.3M | 1.23% |
80,201
-10,868
| -12% | -$1.52M |
2017 Q2
16 quarters
|
|
18
Sprout Social
SPT
$701M
| $12.3M | 1.23% |
137,405
+26,281
| +24% | +$1.82M |
2021 Q1
1 quarter
|
|
19
DELISTED
Avid Bioservices, Inc. Common Stock
CDMO
| $12.2M | 1.22% |
474,279
-119,658
| -20% | -$2.56M |
2020 Q3
3 quarters
|
|
20
Itron
ITRI
$3.71B
| $12.1M | 1.21% |
120,841
-15,559
| -11% | -$1.44M |
2019 Q4
6 quarters
|
|
21
CryoPort
CYRX
$865M
| $12M | 1.2% |
190,346
-25,923
| -12% | -$1.46M |
2017 Q4
14 quarters
|
|
22
DELISTED
Eventbrite
EB
| $12M | 1.2% |
631,055
-85,819
| -12% | -$1.82M |
2020 Q4
2 quarters
|
|
23
Magnite
MGNI
$3.51B
| $12M | 1.2% |
353,844
+85,554
| +32% | +$2.9M |
2021 Q1
1 quarter
|
|
24
DELISTED
WNS Holdings
WNS
| $11.9M | 1.2% |
149,263
-20,127
| -12% | -$1.5M |
2017 Q3
15 quarters
|
|
25
DELISTED
PROS Holdings
PRO
| $11.9M | 1.19% |
261,197
+27,035
| +12% | +$1.2M |
2020 Q4
2 quarters
|
|
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Pier Capital's Q2 2021 Portfolio in Review
As of Q2 2021, Pier Capital held 125 positions worth $997M, down 5.5% from $1.05B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Pier Capital withdrew a net $122M in Q2 2021, closing 9 positions and reducing 74 holdings. Its most notable exit was Methode Electronics, an estimated $12.7M position sold in full.
By sector, the portfolio is most concentrated in Technology at 31% of assets, up from 30% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Pier Capital opened a new position in Everbridge, Inc. Common Stock worth $13M.
- Pier Capital's largest Q2 2021 buy was Everbridge, Inc. Common Stock: 95,651 shares worth $13M.
- Pier Capital added most to Lindblad Expeditions in Q2 2021, an estimated $6.1M increase.
- Pier Capital's biggest Q2 2021 reduction was Progyny, cutting an estimated $6.68M.
- Pier Capital fully exited Methode Electronics in Q2 2021, selling an estimated $12.7M.
- Pier Capital's ten largest holdings make up 14% of its $997M portfolio in Q2 2021.
- Pier Capital opened 8 new positions and closed 9 in Q2 2021.
- Pier Capital's portfolio value fell 5.5% quarter-over-quarter to $997M.
Based on Pier Capital's 13F filing for Q2 2021, filed 12 Aug 2021.