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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
+2.61%
1 Year Est. Return
-8.09%
3 Year Est. Return
+33.18%
5 Year Est. Return
+53.13%
10 Year Est. Return
–
AUM
$420M
AUM Growth
-$18.1M
Cap. Flow
-$22M
Cap. Flow %
-5.25%
Top 10 Hldgs %
10.15%
Holding
292
New
47
Increased
34
Reduced
89
Closed
50

Top Buys

Rank Stock Value
1
RMBS icon
Rambus
RMBS
+$3.25M
2
AVA icon
Avista
AVA
+$3.19M
3
IBKC
IBERIABANK Corp
IBKC
+$3.14M
4
AMKR icon
Amkor Technology
AMKR
+$3.13M
5
WTFC icon
Wintrust Financial
WTFC
+$3.12M

Top Sells

Rank Stock Value
1
PIPR icon
Piper Sandler
PIPR
+$4.11M
2
PB icon
Prosperity Bancshares
PB
+$3.68M
3
ONB icon
Old National Bancorp
ONB
+$3.62M
4
DIN icon
Dine Brands
DIN
+$3.46M
5
INN
Summit Hotel Properties
INN
+$3.39M

Sector Composition

Rank Sector Weight
1 Financials 20.58%
2 Industrials 17.44%
3 Technology 13.98%
4 Consumer Discretionary 10.56%
5 Healthcare 8.72%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TXNM
276
TXNM Energy Inc
TXNM
$5.94B
– –
-96,677
Closed -$3.32M
TUP
277
DELISTED
Tupperware Brands Corporation
TUP
– –
-30,050
Closed -$1.58M
BIG
278
DELISTED
Big Lots, Inc.
BIG
– –
-13,750
Closed -$690K
EXPR
279
DELISTED
Express, Inc.
EXPR
– –
-2,680
Closed -$577K
AIMC
280
DELISTED
Altra Industrial Motion Corp
AIMC
– –
-32,235
Closed -$1.19M
FMBI
281
DELISTED
First Midwest Bancorp Inc/IL
FMBI
– –
-89,883
Closed -$2.27M
FPRX
282
DELISTED
Five Prime Therapeutics, Inc.
FPRX
– –
-32,504
Closed -$1.63M
EV
283
DELISTED
Eaton Vance Corp.
EV
– –
-47,410
Closed -$1.99M
TCO
284
DELISTED
Taubman Centers Inc.
TCO
– –
-8,420
Closed -$622K
AKRX
285
DELISTED
Akorn Inc
AKRX
– –
-17,390
Closed -$380K
WCG
286
DELISTED
Wellcare Health Plans, Inc.
WCG
– –
-5,470
Closed -$750K
PETX
287
DELISTED
Aratana Therapeutics, Inc.
PETX
– –
-56,734
Closed -$407K
BMS
288
DELISTED
Bemis
BMS
– –
-14,720
Closed -$704K
MBFI
289
DELISTED
MB Financial Corp
MBFI
– –
-66,999
Closed -$3.16M
XCRA
290
DELISTED
Xcerra Corporation
XCRA
– –
-195,598
Closed -$1.49M
XXIA
291
DELISTED
Ixia
XXIA
– –
-208,522
Closed -$3.36M
DO
292
DELISTED
Diamond Offshore Drilling
DO
– –
-86,170
Closed -$1.52M
8 9 10 11
12

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Piermont Capital Management's Q1 2017 Portfolio in Review

As of Q1 2017, Piermont Capital Management held 292 positions worth $420M, down 4.1% from $438M the previous quarter. Its ten largest holdings account for 10% of the portfolio.

Piermont Capital Management withdrew a net $22M in Q1 2017, closing 50 positions and reducing 89 holdings. Its most notable exit was Piper Sandler, an estimated $4.11M position sold in full.

By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 21% a quarter earlier, followed by Industrials and Technology.

Against the trend, Piermont Capital Management opened a new position in Avista worth $3.18M.

  • Piermont Capital Management's largest Q1 2017 buy was Avista: 81,350 shares worth $3.18M.
  • Piermont Capital Management added most to Rambus in Q1 2017, an estimated $3.25M increase.
  • Piermont Capital Management's biggest Q1 2017 reduction was Pennsylvania Real Estate Investment Trust, cutting an estimated $1.85M.
  • Piermont Capital Management fully exited Piper Sandler in Q1 2017, selling an estimated $4.11M.
  • Piermont Capital Management's ten largest holdings make up 10% of its $420M portfolio in Q1 2017.
  • Piermont Capital Management opened 47 new positions and closed 50 in Q1 2017.
  • Piermont Capital Management's portfolio value fell 4.1% quarter-over-quarter to $420M.

Based on Piermont Capital Management's 13F filing for Q1 2017, filed 11 May 2017.