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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
Cap. Flow
-$68.2M
Cap. Flow %
-19.5%
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
POR icon
Portland General Electric
POR
+$2.37M
3
CHRD icon
Chord Energy
CHRD
+$2.35M
4
WLL
Whiting Petroleum Corporation
WLL
+$2.33M
5
CPS icon
Cooper-Standard Automotive
CPS
+$2.14M

Top Sells

Rank Stock Value
1
TKR icon
Timken Company
TKR
+$3.6M
2
CTB
Cooper Tire & Rubber Co.
CTB
+$3.41M
3
MHO icon
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
VWR
276
DELISTED
VWR Corporation
VWR
– –
-72,972
Closed -$2.06M
WSTC
277
DELISTED
West Corporation
WSTC
– –
-87,175
Closed -$2.13M
KATE
278
DELISTED
Kate Spade & Company
KATE
– –
-57,884
Closed -$1.34M
PEI
279
DELISTED
Pennsylvania Real Estate Investment Trust
PEI
– –
-2,602
Closed -$591K
OMED
280
DELISTED
OncoMed Pharmaceuticals, Inc.
OMED
– –
-52,195
Closed -$481K
8 9 10 11
12

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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.