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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
-13.39%
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
$783M
AUM Growth
-$165M
(-17%)
Cap. Flow
-$24M
Cap. Flow
% of AUM
-3.06%
Top 10 Holdings %
Top 10 Hldgs %
17.34%
Holding
118
New
6
Increased
47
Reduced
48
Closed
13
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Expensify
EXFY
|
+$10.6M |
| 2 |
First Merchants
FRME
|
+$9M |
| 3 |
Onto Innovation
ONTO
|
+$8.76M |
| 4 |
AAWW
Atlas Air Worldwide Holdings, Inc.
AAWW
|
+$8.41M |
| 5 |
Shift4
FOUR
|
+$6.93M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MTOR
MERITOR, Inc.
MTOR
|
+$11.9M |
| 2 |
POSH
Poshmark, Inc. Class A Common Stock
POSH
|
+$10.6M |
| 3 |
LivePerson
LPSN
|
+$9.61M |
| 4 |
Silicon Laboratories
SLAB
|
+$9.39M |
| 5 |
Lindblad Expeditions
LIND
|
+$8.15M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.69% |
| 2 | Healthcare | 24.84% |
| 3 | Industrials | 18.39% |
| 4 | Consumer Discretionary | 10.81% |
| 5 | Financials | 5.31% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Shift4
FOUR
$3.47B
| $15.7M | 2% |
252,975
+131,488
| +108% | +$6.93M |
|
2
Axcelis
ACLS
$4.39B
| $15.1M | 1.92% |
199,453
-1,453
| -0.7% | -$99.3K |
|
3
Interparfums
IPAR
$3.78B
| $14.7M | 1.88% |
167,503
-1,374
| -0.8% | -$127K |
|
|
ATSG
4
DELISTED
Air Transport Services Group
ATSG
| $14.3M | 1.82% |
426,445
-2,225
| -0.5% | -$65K |
|
5
FormFactor
FORM
$10.1B
| $14.2M | 1.81% |
336,682
-1,961
| -0.6% | -$81.6K |
|
6
Maximus
MMS
$2.94B
| $12.8M | 1.64% |
171,127
+41,999
| +33% | +$3.21M |
|
|
GTLS
7
DELISTED
Chart Industries
GTLS
| $12.7M | 1.62% |
73,917
+14,816
| +25% | +$2.08M |
|
|
WNS
8
DELISTED
WNS Holdings
WNS
| $12.6M | 1.61% |
147,382
-863
| -0.6% | -$73.7K |
|
9
Fabrinet
FN
$20.5B
| $12.1M | 1.55% |
115,271
-1,579
| -1% | -$167K |
|
10
Hexcel
HXL
$7.74B
| $11.8M | 1.5% |
197,602
+490
| +0.2% | +$27K |
|
11
Papa John's
PZZA
$793M
| $11.7M | 1.49% |
110,715
+23,849
| +27% | +$2.67M |
|
12
HealthEquity
HQY
$8.82B
| $11.5M | 1.46% |
169,893
-115,932
| -41% | -$6.26M |
|
13
Freshpet
FRPT
$3.48B
| $11.4M | 1.46% |
111,389
+1,322
| +1% | +$124K |
|
14
Mine Safety
MSA
$7.32B
| $11.3M | 1.45% |
85,402
-380
| -0.4% | -$52.5K |
|
15
Shake Shack
SHAK
$2.94B
| $10.9M | 1.39% |
160,920
-358
| -0.2% | -$24.6K |
|
16
Dutch Bros
BROS
$8.93B
| $10.9M | 1.39% |
196,938
+1,375
| +0.7% | +$70.2K |
|
17
Exponent
EXPO
$3.22B
| $10.7M | 1.36% |
98,680
-195
| -0.2% | -$18.8K |
|
18
Surgery Partners
SGRY
$2.01B
| $10.5M | 1.34% |
191,328
+86,965
| +83% | +$4.3M |
|
19
Workiva
WK
$3.7B
| $10.4M | 1.33% |
88,507
+20,034
| +29% | +$2.21M |
|
20
Progyny
PGNY
$1.95B
| $10.3M | 1.31% |
199,961
+76,551
| +62% | +$3.28M |
|
21
Allegro MicroSystems
ALGM
$7.92B
| $10.1M | 1.29% |
355,296
-2,211
| -0.6% | -$63.2K |
|
22
Omnicell
OMCL
$1.69B
| $10M | 1.28% |
77,479
+15,272
| +25% | +$2.2M |
|
|
JAMF
23
DELISTED
Jamf
JAMF
| $9.9M | 1.26% |
284,459
-216,447
| -43% | -$7.35M |
|
24
JFrog
FROG
$10.4B
| $9.86M | 1.26% |
365,796
-150
| -0% | -$3.8K |
|
25
WillScot Mobile Mini Holdings
WSC
$4B
| $9.85M | 1.26% |
251,672
+218
| +0.1% | +$8.2K |
|
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Pier Capital's Q1 2022 Portfolio in Review
As of Q1 2022, Pier Capital held 118 positions worth $783M, down 17% from $948M the previous quarter. Its ten largest holdings account for 17% of the portfolio.
Pier Capital withdrew a net $24M in Q1 2022, closing 13 positions and reducing 48 holdings. Its most notable exit was MERITOR, Inc., an estimated $11.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 29% of assets, down from 31% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Pier Capital opened a new position in Expensify worth $7.63M.
- Pier Capital's largest Q1 2022 buy was Expensify: 434,230 shares worth $7.63M.
- Pier Capital added most to Shift4 in Q1 2022, an estimated $6.93M increase.
- Pier Capital's biggest Q1 2022 reduction was Lindblad Expeditions, cutting an estimated $8.15M.
- Pier Capital fully exited MERITOR, Inc. in Q1 2022, selling an estimated $11.9M.
- Pier Capital's ten largest holdings make up 17% of its $783M portfolio in Q1 2022.
- Pier Capital opened 6 new positions and closed 13 in Q1 2022.
- Pier Capital's portfolio value fell 17% quarter-over-quarter to $783M.
Based on Pier Capital's 13F filing for Q1 2022, filed 10 May 2022.