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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
+11.4%
1 Year Est. Return
-8.09%
3 Year Est. Return
+33.18%
5 Year Est. Return
+53.13%
10 Year Est. Return
–
AUM
$438M
AUM Growth
+$15.2M
(+3.6%)
Cap. Flow
-$19.5M
Cap. Flow
% of AUM
-4.46%
Top 10 Holdings %
Top 10 Hldgs %
10.41%
Holding
292
New
47
Increased
27
Reduced
142
Closed
47
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Banner Corp
BANR
|
+$3.27M |
| 2 |
First American
FAF
|
+$3.2M |
| 3 |
Associated Banc-Corp
ASB
|
+$3.11M |
| 4 |
CONE
CyrusOne Inc Common Stock
CONE
|
+$3M |
| 5 |
Scholastic
SCHL
|
+$2.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Southwest Gas
SWX
|
+$4.06M |
| 2 |
MENT
Mentor Graphics Corp
MENT
|
+$3.75M |
| 3 |
Coherent
COHR
|
+$3.64M |
| 4 |
AAR Corp
AIR
|
+$3.64M |
| 5 |
KCG
KCG Holdings, Inc.
KCG
|
+$3.46M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 20.8% |
| 2 | Industrials | 16.96% |
| 3 | Technology | 13.08% |
| 4 | Consumer Discretionary | 11.51% |
| 5 | Real Estate | 8.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Timken Company
TKR
$8.92B
| $3.46M | 0.79% |
87,207
-6,710
| -7% | -$249K |
|
27
John B. Sanfilippo & Son
JBSS
$976M
| $3.44M | 0.79% |
48,893
-4,520
| -8% | -$278K |
|
|
INN
28
Summit Hotel Properties
INN
$720M
| $3.39M | 0.77% |
211,510
+13,480
| +7% | +$189K |
|
|
XXIA
29
DELISTED
Ixia
XXIA
| $3.36M | 0.77% |
208,522
-9,490
| -4% | -$131K |
|
30
Huron Consulting
HURN
$2.39B
| $3.32M | 0.76% |
65,472
-1,556
| -2% | -$83K |
|
|
TXNM
31
TXNM Energy Inc
TXNM
$5.92B
| $3.32M | 0.76% |
96,677
-6,910
| -7% | -$224K |
|
32
ITT
ITT
$19.2B
| $3.29M | 0.75% |
85,235
-7,900
| -8% | -$298K |
|
|
CTB
33
DELISTED
Cooper Tire & Rubber Co.
CTB
| $3.27M | 0.75% |
84,207
-35,087
| -29% | -$1.32M |
|
34
Teradyne
TER
$60.2B
| $3.26M | 0.74% |
128,290
-10,350
| -7% | -$246K |
|
|
35
Scholastic
SCHL
$753M
| $3.24M | 0.74% |
+68,275
| New | +$2.9M |
|
36
Selective Insurance
SIGI
$5.77B
| $3.24M | 0.74% |
75,174
-6,560
| -8% | -$264K |
|
|
DCT
37
DELISTED
DCT Industrial Trust Inc.
DCT
| $3.23M | 0.74% |
67,394
-5,480
| -8% | -$253K |
|
|
TPC
38
Tutor Perini Cor
TPC
$5.03B
| $3.18M | 0.73% |
113,412
-8,704
| -7% | -$211K |
|
|
MBFI
39
DELISTED
MB Financial Corp
MBFI
| $3.16M | 0.72% |
+66,999
| New | +$2.77M |
|
|
UNT
40
DELISTED
UNIT Corporation
UNT
| $3.16M | 0.72% |
117,716
-9,865
| -8% | -$213K |
|
|
ELME
41
Elme Communities
ELME
$145M
| $3.13M | 0.72% |
95,800
-8,840
| -8% | -$270K |
|
42
Haemonetics
HAE
$3.87B
| $3.11M | 0.71% |
77,317
-5,920
| -7% | -$223K |
|
|
KG
43
Kestrel Group
KG
$69.7M
| $3.08M | 0.7% |
8,831
-771
| -8% | -$236K |
|
|
44
First American
FAF
$7.67B
| $3.06M | 0.7% |
+83,580
| New | +$3.2M |
|
45
Hawaiian Electric Industries
HE
$2.16B
| $3.06M | 0.7% |
92,580
-7,420
| -7% | -$226K |
|
|
CONE
46
DELISTED
CyrusOne Inc Common Stock
CONE
| $3.03M | 0.69% |
+67,730
| New | +$3M |
|
|
AHL
47
DELISTED
ASPEN Insurance Holding Limited
AHL
| $3.02M | 0.69% |
54,891
-3,330
| -6% | -$170K |
|
48
Regal Rexnord
RRX
$11.9B
| $2.98M | 0.68% |
43,010
-3,970
| -8% | -$263K |
|
|
VRE
49
DELISTED
Veris Residential
VRE
| $2.97M | 0.68% |
102,300
-8,370
| -8% | -$224K |
|
50
TTM Technologies
TTMI
$14.4B
| $2.97M | 0.68% |
+217,630
| New | +$2.84M |
|
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Piermont Capital Management's Q4 2016 Portfolio in Review
As of Q4 2016, Piermont Capital Management held 292 positions worth $438M, up 3.6% from $422M the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Piermont Capital Management withdrew a net $19.5M in Q4 2016, closing 47 positions and reducing 142 holdings. Its most notable exit was Southwest Gas, an estimated $4.06M position sold in full.
By sector, the portfolio is most concentrated in Financials at 21% of assets, up from 19% a quarter earlier, followed by Industrials and Technology.
Against the trend, Piermont Capital Management opened a new position in Banner Corp worth $3.72M.
- Piermont Capital Management's largest Q4 2016 buy was Banner Corp: 66,690 shares worth $3.72M.
- Piermont Capital Management added most to Progress Software in Q4 2016, an estimated $2.68M increase.
- Piermont Capital Management's biggest Q4 2016 reduction was American Eagle Outfitters, cutting an estimated $3.14M.
- Piermont Capital Management fully exited Southwest Gas in Q4 2016, selling an estimated $4.06M.
- Piermont Capital Management's ten largest holdings make up 10% of its $438M portfolio in Q4 2016.
- Piermont Capital Management opened 47 new positions and closed 47 in Q4 2016.
- Piermont Capital Management's portfolio value rose 3.6% quarter-over-quarter to $438M.
Based on Piermont Capital Management's 13F filing for Q4 2016, filed 13 Feb 2017.