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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
-17.34%
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
$586M
AUM Growth
-$197M
(-25%)
Cap. Flow
-$36.6M
Cap. Flow
% of AUM
-6.24%
Top 10 Holdings %
Top 10 Hldgs %
18.2%
Holding
112
New
7
Increased
51
Reduced
43
Closed
8
Avg Time Held
1.9
years
Top 10 Avg Time Held
0.3
years
Top 20 Avg Time Held
0.3
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FTI Consulting
FCN
|
+$10.4M |
| 2 |
KNBE
KnowBe4, Inc. Class A Common Stock
KNBE
|
+$7.46M |
| 3 |
Texas Roadhouse
TXRH
|
+$6.99M |
| 4 |
FIVE9
FIVN
|
+$6.88M |
| 5 |
AYX
Alteryx Inc
AYX
|
+$6.82M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dutch Bros
BROS
|
+$10.9M |
| 2 |
Workiva
WK
|
+$10.4M |
| 3 |
LHCG
LHC Group LLC
LHCG
|
+$8.74M |
| 4 |
Bandwidth Inc
BAND
|
+$8.34M |
| 5 |
VAPO
Vapotherm, Inc. Common Stock
VAPO
|
+$8.18M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 28.7% |
| 2 | Healthcare | 23.73% |
| 3 | Industrials | 19.22% |
| 4 | Consumer Discretionary | 9.93% |
| 5 | Consumer Staples | 7.2% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
FormFactor
FORM
$8.45B
| $12.9M | 2.2% |
333,466
-3,216
| -1% | -$124K |
2020 Q3
7 quarters
|
|
2
Interparfums
IPAR
$3.67B
| $12.3M | 2.1% |
168,145
+642
| +0.4% | +$49.1K |
2019 Q4
10 quarters
|
|
|
3
FTI Consulting
FCN
$4.04B
| $11.4M | 1.94% |
62,855
+62,743
| +56,021% | +$10.4M |
2020 Q2
8 quarters
|
|
4
DELISTED
WNS Holdings
WNS
| $11M | 1.88% |
147,939
+557
| +0.4% | +$42.6K |
2017 Q3
19 quarters
|
|
5
Hexcel
HXL
$6.84B
| $10.4M | 1.77% |
198,438
+836
| +0.4% | +$45.8K |
2021 Q1
5 quarters
|
|
6
Mine Safety
MSA
$6.93B
| $10.2M | 1.75% |
84,640
-762
| -0.9% | -$94.7K |
2020 Q1
9 quarters
|
|
7
Maximus
MMS
$3.19B
| $10.1M | 1.72% |
161,789
-9,338
| -5% | -$631K |
2020 Q2
8 quarters
|
|
8
Lindsay Corp
LNN
$1.1B
| $9.7M | 1.65% |
73,007
+44,322
| +155% | +$5.88M |
2022 Q1
1 quarter
|
|
9
Fabrinet
FN
$13.3B
| $9.37M | 1.6% |
115,552
+281
| +0.2% | +$25.3K |
2020 Q1
9 quarters
|
|
10
Papa John's
PZZA
$638M
| $9.28M | 1.58% |
111,121
+406
| +0.4% | +$36.6K |
2020 Q4
6 quarters
|
|
11
Cerus
CERS
$445M
| $9.16M | 1.56% |
1,731,379
-1,382
| -0.1% | -$6.9K |
2019 Q2
12 quarters
|
|
12
Omnicell
OMCL
$1.62B
| $8.83M | 1.51% |
77,662
+183
| +0.2% | +$21K |
2017 Q3
19 quarters
|
|
13
DELISTED
Chart Industries
GTLS
| $8.74M | 1.49% |
52,235
-21,682
| -29% | -$3.7M |
2020 Q1
9 quarters
|
|
14
Houlihan Lokey
HLI
$9.03B
| $8.68M | 1.48% |
110,014
+390
| +0.4% | +$32.6K |
2019 Q1
13 quarters
|
|
15
Axcelis
ACLS
$3.47B
| $8.66M | 1.48% |
157,923
-41,530
| -21% | -$2.41M |
2021 Q1
5 quarters
|
|
16
Ollie's Bargain Outlet
OLLI
$5.58B
| $8.59M | 1.47% |
146,221
+41,823
| +40% | +$2.12M |
2016 Q4
22 quarters
|
|
17
DELISTED
Air Transport Services Group
ATSG
| $8.49M | 1.45% |
295,546
-130,899
| -31% | -$3.99M |
2016 Q1
25 quarters
|
|
18
Allogene Therapeutics
ALLO
$449M
| $8.44M | 1.44% |
740,556
-6,113
| -0.8% | -$54.3K |
2020 Q3
7 quarters
|
|
19
BlackLine
BL
$1.71B
| $8.1M | 1.38% |
121,594
-84
| -0.1% | -$5.75K |
2019 Q3
11 quarters
|
|
20
WillScot Mobile Mini Holdings
WSC
$2.94B
| $8.1M | 1.38% |
249,766
-1,906
| -0.8% | -$67.5K |
2020 Q3
7 quarters
|
|
21
HealthEquity
HQY
$7.66B
| $8.08M | 1.38% |
131,568
-38,325
| -23% | -$2.45M |
2017 Q1
21 quarters
|
|
22
DoubleVerify
DV
$2.11B
| $7.99M | 1.36% |
352,319
-146
| -0% | -$3.28K |
2021 Q2
4 quarters
|
|
23
Grocery Outlet
GO
$1.28B
| $7.87M | 1.34% |
+184,677
| New | +$6.75M |
2022 Q2
0 quarters
|
|
24
Glacier Bancorp
GBCI
$5.71B
| $7.84M | 1.34% |
165,434
-130
| -0.1% | -$6.12K |
2021 Q1
5 quarters
|
|
25
Seacoast Banking Corp of Florida
SBCF
$3.14B
| $7.76M | 1.32% |
234,822
+946
| +0.4% | +$31.6K |
2019 Q4
10 quarters
|
|
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Pier Capital's Q2 2022 Portfolio in Review
As of Q2 2022, Pier Capital held 112 positions worth $586M, down 25% from $783M the previous quarter. Its ten largest holdings account for 18% of the portfolio.
Pier Capital withdrew a net $36.6M in Q2 2022, closing 8 positions and reducing 43 holdings. Its most notable exit was Dutch Bros, an estimated $10.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 29% of assets, up from 29% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Pier Capital opened a new position in KnowBe4, Inc. Class A Common Stock worth $5.96M.
- Pier Capital's largest Q2 2022 buy was KnowBe4, Inc. Class A Common Stock: 381,326 shares worth $5.96M.
- Pier Capital added most to FTI Consulting in Q2 2022, an estimated $10.4M increase.
- Pier Capital's biggest Q2 2022 reduction was American Eagle Outfitters, cutting an estimated $6.83M.
- Pier Capital fully exited Dutch Bros in Q2 2022, selling an estimated $10.9M.
- Pier Capital's ten largest holdings make up 18% of its $586M portfolio in Q2 2022.
- Pier Capital opened 7 new positions and closed 8 in Q2 2022.
- Pier Capital's portfolio value fell 25% quarter-over-quarter to $586M.
Based on Pier Capital's 13F filing for Q2 2022, filed 15 Aug 2022.