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Piermont Capital Management Portfolio holdings
AUM
$211M
1-Year Est. Return
8.09%
This Fund
S&P 500
This Quarter
Est. Return
+0.96%
1 Year Est. Return
-8.09%
3 Year Est. Return
+33.18%
5 Year Est. Return
+53.13%
10 Year Est. Return
–
AUM
$350M
AUM Growth
-$69.9M
(-17%)
Cap. Flow
-$68.2M
Cap. Flow
% of AUM
-19.5%
Top 10 Holdings %
Top 10 Hldgs %
10.28%
Holding
280
New
38
Increased
14
Reduced
162
Closed
35
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FSP
Franklin Street Properties
FSP
|
+$2.47M |
| 2 |
Portland General Electric
POR
|
+$2.37M |
| 3 |
Chord Energy
CHRD
|
+$2.35M |
| 4 |
WLL
Whiting Petroleum Corporation
WLL
|
+$2.33M |
| 5 |
Cooper-Standard Automotive
CPS
|
+$2.14M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Timken Company
TKR
|
+$3.6M |
| 2 |
CTB
Cooper Tire & Rubber Co.
CTB
|
+$3.41M |
| 3 |
M/I Homes
MHO
|
+$3.19M |
| 4 |
CONE
CyrusOne Inc Common Stock
CONE
|
+$3.16M |
| 5 |
UMPQ
Umpqua Holdings Corp
UMPQ
|
+$3.16M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 21.43% |
| 2 | Industrials | 14.97% |
| 3 | Technology | 13.73% |
| 4 | Consumer Discretionary | 12.59% |
| 5 | Healthcare | 11.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
226
Fossil Group
FOSL
$316M
| $517K | 0.15% |
49,930
-13,060
| -21% | -$177K |
|
227
First Financial Corp
THFF
$942M
| $503K | 0.14% |
10,630
-2,681
| -20% | -$127K |
|
228
Amphastar Pharmaceuticals
AMPH
$936M
| $492K | 0.14% |
27,523
-5,160
| -16% | -$81.8K |
|
229
Cytokinetics
CYTK
$10B
| $489K | 0.14% |
40,418
-7,200
| -15% | -$100K |
|
230
Lexicon Pharmaceuticals
LXRX
$1.02B
| $489K | 0.14% |
29,710
-5,160
| -15% | -$79.9K |
|
|
ARRY
231
DELISTED
Array Biopharma Inc
ARRY
| $446K | 0.13% |
53,300
-9,600
| -15% | -$78.5K |
|
232
Xencor
XNCR
$1.94B
| $443K | 0.13% |
20,963
-3,660
| -15% | -$82K |
|
|
PBPB
233
DELISTED
Potbelly
PBPB
| $441K | 0.13% |
38,368
-6,840
| -15% | -$83.5K |
|
234
Urban Outfitters
URBN
$6.95B
| $439K | 0.13% |
23,680
| – | – |
|
|
ANDV
235
DELISTED
Andeavor
ANDV
| $433K | 0.12% |
4,630
| – | – |
|
|
CSOD
236
DELISTED
Cornerstone OnDemand, Inc.
CSOD
| $413K | 0.12% |
11,540
-2,070
| -15% | -$77.5K |
|
237
United Therapeutics
UTHR
$22.1B
| $401K | 0.11% |
+3,090
| New | +$385K |
|
238
Ameren
AEE
$29.4B
| $396K | 0.11% |
7,250
| – | – |
|
|
NTUS
239
DELISTED
Natus Medical Inc
NTUS
| $390K | 0.11% |
10,460
-1,860
| -15% | -$67.2K |
|
|
CIVI
240
DELISTED
Civitas Solutions, Inc.
CIVI
| $388K | 0.11% |
22,196
-4,140
| -16% | -$71.7K |
|
241
Fluor
FLR
$7.12B
| $384K | 0.11% |
8,380
| – | – |
|
|
ASRT
242
DELISTED
Assertio
ASRT
| $365K | 0.1% |
566
-101
| -15% | -$67.3K |
|
|
KDNY
243
DELISTED
Chinook Therapeutics, Inc. Common Stock
KDNY
| $351K | 0.1% |
6,160
-1,020
| -14% | -$51.2K |
|
244
IPG Photonics
IPGP
$3.26B
| $268K | 0.08% |
+1,850
| New | +$248K |
|
|
AMAG
245
DELISTED
AMAG Pharmaceuticals
AMAG
| $233K | 0.07% |
12,670
-2,280
| -15% | -$45.2K |
|
246
Accuray
ARAY
$32.7M
| – | – |
-195,272
| Closed | -$928K |
|
|
EFOR
247
Everforth Inc
EFOR
$1.31B
| – | – |
-31,060
| Closed | -$1.51M |
|
248
BJ's Restaurants
BJRI
$1.39B
| – | – |
-23,574
| Closed | -$952K |
|
249
Casey's General Stores
CASY
$28B
| – | – |
-5,190
| Closed | -$583K |
|
250
Central Garden & Pet Co
CENT
$2.74B
| – | – |
-76,098
| Closed | -$2.26M |
|
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Piermont Capital Management's Q2 2017 Portfolio in Review
As of Q2 2017, Piermont Capital Management held 280 positions worth $350M, down 17% from $420M the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Piermont Capital Management withdrew a net $68.2M in Q2 2017, closing 35 positions and reducing 162 holdings. Its most notable exit was Timken Company, an estimated $3.6M position sold in full.
By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 22% a quarter earlier, followed by Industrials and Technology.
Against the trend, Piermont Capital Management opened a new position in Franklin Street Properties worth $2.36M.
- Piermont Capital Management's largest Q2 2017 buy was Franklin Street Properties: 213,150 shares worth $2.36M.
- Piermont Capital Management added most to Cooper-Standard Automotive in Q2 2017, an estimated $2.14M increase.
- Piermont Capital Management's biggest Q2 2017 reduction was Rambus, cutting an estimated $3.1M.
- Piermont Capital Management fully exited Timken Company in Q2 2017, selling an estimated $3.6M.
- Piermont Capital Management's ten largest holdings make up 10% of its $350M portfolio in Q2 2017.
- Piermont Capital Management opened 38 new positions and closed 35 in Q2 2017.
- Piermont Capital Management's portfolio value fell 17% quarter-over-quarter to $350M.
Based on Piermont Capital Management's 13F filing for Q2 2017, filed 11 Aug 2017.