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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
-5.19%
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
$620M
AUM Growth
-$76.6M
Cap. Flow
-$23.1M
Cap. Flow %
-3.73%
Top 10 Hldgs %
18.12%
Holding
124
New
9
Increased
28
Reduced
73
Closed
6
Avg Time Held
1.6 years
Top 10 Avg Time Held
0.3 years
Top 20 Avg Time Held
0.3 years

Top Buys

Rank Stock Value
1
GO icon
Grocery Outlet
GO
+$7.8M
2
RAMP icon
LiveRamp
RAMP
+$6.8M
3
WMS icon
Advanced Drainage Systems
WMS
+$5.56M
4
CROX icon
Crocs
CROX
+$4.45M
5
LIND icon
Lindblad Expeditions
LIND
+$4.39M

Top Sells

Rank Stock Value
1
AKRO icon
Akero Therapeutics
AKRO
+$6.9M
2
GLOB icon
Globant
GLOB
+$6.68M
3
DOCS icon
Doximity
DOCS
+$6.43M
4
ITRI icon
Itron
ITRI
+$6.02M
5
SBCF icon
Seacoast Banking Corp of Florida
SBCF
+$5.41M

Sector Composition

Rank Sector Weight
1 Technology 30.4%
2 Healthcare 22.14%
3 Industrials 19.66%
4 Consumer Discretionary 11.4%
5 Consumer Staples 7.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
HXL icon
1
Hexcel
HXL
$6.8B
$13.6M 2.19%
208,121
-3,580
-2% -$255K
2021 Q1
10 quarters
MMS icon
2
Maximus
MMS
$3.15B
$13.2M 2.13%
177,315
-2,504
-1% -$204K
2020 Q2
13 quarters
CALX icon
3
Calix
CALX
$2.34B
$11.9M 1.91%
258,981
+58,556
+29% +$2.65M
2022 Q4
3 quarters
FCN icon
4
FTI Consulting
FCN
$4.04B
$10.9M 1.76%
61,053
+5,213
+9% +$971K
2020 Q2
13 quarters
LSCC icon
5
Lattice Semiconductor
LSCC
$15.2B
$10.7M 1.72%
124,486
+41,156
+49% +$3.71M
2019 Q1
18 quarters
OLLI icon
6
Ollie's Bargain Outlet
OLLI
$5.68B
$10.7M 1.72%
138,482
-2,034
-1% -$148K
2016 Q4
27 quarters
FN icon
7
Fabrinet
FN
$13.8B
$10.5M 1.7%
63,186
-501
-0.8% -$69.5K
2020 Q1
14 quarters
PCVX icon
8
Vaxcyte
PCVX
$10.3B
$10.4M 1.67%
203,728
-2,468
-1% -$122K
2022 Q4
3 quarters
HLI icon
9
Houlihan Lokey
HLI
$8.98B
$10.3M 1.66%
96,412
-1,275
-1% -$131K
2019 Q1
18 quarters
EVR icon
10
Evercore
EVR
$9.87B
$10.2M 1.65%
74,058
-1,009
-1% -$137K
2022 Q3
4 quarters
MSA icon
11
Mine Safety
MSA
$7.01B
$10M 1.62%
63,606
-860
-1% -$148K
2020 Q1
14 quarters
GTLB icon
12
GitLab
GTLB
$9.32B
$9.66M 1.56%
213,682
-3,005
-1% -$144K
2023 Q1
2 quarters
AIT icon
13
Applied Industrial Technologies
AIT
$12.3B
$9.32M 1.5%
60,298
-347
-0.6% -$52K
2023 Q2
1 quarter
AMED icon
14
DELISTED
Amedisys
AMED
$9.07M 1.46%
97,083
-1,431
-1% -$132K
2022 Q3
4 quarters
VERX icon
15
Vertex
VERX
$2.22B
$9.04M 1.46%
391,510
+43,297
+12% +$891K
2023 Q1
2 quarters
SIBN icon
16
SI-BONE Inc
SIBN
$892M
$8.87M 1.43%
417,841
+50,695
+14% +$1.17M
2022 Q4
3 quarters
EXPO icon
17
Exponent
EXPO
$3.44B
$8.81M 1.42%
102,930
+8,435
+9% +$763K
2020 Q1
14 quarters
FLS icon
18
Flowserve
FLS
$9B
$8.56M 1.38%
215,212
-86,095
-29% -$3.32M
2022 Q4
3 quarters
OSW icon
19
OneSpaWorld
OSW
$2.43B
$8.28M 1.34%
738,234
-12,570
-2% -$146K
2022 Q3
4 quarters
WNS icon
20
DELISTED
WNS Holdings
WNS
$8.2M 1.32%
119,726
+2,340
+2% +$158K
2017 Q3
24 quarters
ARRY icon
21
Array Technologies
ARRY
$550M
$8.1M 1.31%
365,061
+40,679
+13% +$883K
2023 Q2
1 quarter
FROG icon
22
JFrog
FROG
$11.7B
$7.92M 1.28%
312,413
+101,897
+48% +$2.83M
2023 Q2
1 quarter
RDNT icon
23
RadNet
RDNT
$5.54B
$7.88M 1.27%
279,572
-102,624
-27% -$3.2M
2021 Q2
9 quarters
IMAX icon
24
IMAX
IMAX
$2.83B
$7.77M 1.25%
402,200
+17,025
+4% +$314K
2023 Q1
2 quarters
ITCI icon
25
DELISTED
Intra-Cellular Therapies Inc.
ITCI
$7.77M 1.25%
149,129
-1,664
-1% -$96.9K
2022 Q2
5 quarters
1
2 3 4 5

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SCM
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AFAS
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Pier Capital's Q3 2023 Portfolio in Review

As of Q3 2023, Pier Capital held 124 positions worth $620M, down 11% from $697M the previous quarter. Its ten largest holdings account for 18% of the portfolio.

Pier Capital withdrew a net $23.1M in Q3 2023, closing 6 positions and reducing 73 holdings. Its most notable exit was Akero Therapeutics, an estimated $6.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 29% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Pier Capital opened a new position in Grocery Outlet worth $7.07M.

  • Pier Capital's largest Q3 2023 buy was Grocery Outlet: 245,066 shares worth $7.07M.
  • Pier Capital added most to Lindblad Expeditions in Q3 2023, an estimated $4.39M increase.
  • Pier Capital's biggest Q3 2023 reduction was Globant, cutting an estimated $6.68M.
  • Pier Capital fully exited Akero Therapeutics in Q3 2023, selling an estimated $6.9M.
  • Pier Capital's ten largest holdings make up 18% of its $620M portfolio in Q3 2023.
  • Pier Capital opened 9 new positions and closed 6 in Q3 2023.
  • Pier Capital's portfolio value fell 11% quarter-over-quarter to $620M.

Based on Pier Capital's 13F filing for Q3 2023, filed 14 Nov 2023.