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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
+1.66%
1 Year Est. Return
-8.09%
3 Year Est. Return
+33.18%
5 Year Est. Return
+53.13%
10 Year Est. Return
–
AUM
$249M
AUM Growth
-$77.3M
(-24%)
Cap. Flow
-$79.6M
Cap. Flow
% of AUM
-31.93%
Top 10 Holdings %
Top 10 Hldgs %
13.41%
Holding
260
New
26
Increased
12
Reduced
73
Closed
149
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Energizer
ENR
|
+$3.1M |
| 2 |
Rayonier
RYN
|
+$3.03M |
| 3 |
TECD
Tech Data Corp
TECD
|
+$2.98M |
| 4 |
BDN
Brandywine Realty Trust
BDN
|
+$2.96M |
| 5 |
Rexford Industrial Realty
REXR
|
+$2.96M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Haemonetics
HAE
|
+$4.05M |
| 2 |
Gibraltar Industries
ROCK
|
+$3.64M |
| 3 |
PSB
PS Business Parks, Inc.
PSB
|
+$3.35M |
| 4 |
Amkor Technology
AMKR
|
+$3.22M |
| 5 |
First Industrial Realty Trust
FR
|
+$3.03M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 24.82% |
| 2 | Industrials | 17.79% |
| 3 | Real Estate | 15.53% |
| 4 | Technology | 9.3% |
| 5 | Consumer Discretionary | 7.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
Silgan Holdings
SLGN
$4.41B
| $2.46M | 0.99% |
88,520
+74,780
| +544% | +$2.05M |
|
52
Graham Holdings Company
GHC
$5.02B
| $2.45M | 0.98% |
+4,234
| New | +$2.4M |
|
53
Knowles
KN
$3.34B
| $2.41M | 0.97% |
145,160
-11,250
| -7% | -$189K |
|
54
First Interstate BancSystem
FIBK
$3.58B
| $2.38M | 0.96% |
53,160
-2,340
| -4% | -$104K |
|
|
NSA
55
DELISTED
National Storage Affiliates Trust
NSA
| $2.38M | 0.95% |
93,570
+10,680
| +13% | +$304K |
|
56
Progress Software
PRGS
$1.76B
| $2.38M | 0.95% |
67,377
-15,950
| -19% | -$633K |
|
|
TXNM
57
TXNM Energy Inc
TXNM
$5.94B
| $2.35M | 0.94% |
59,680
+23,370
| +64% | +$916K |
|
58
Sanmina
SANM
$10.9B
| $2.32M | 0.93% |
+84,160
| New | +$2.52M |
|
59
Vishay Intertechnology
VSH
$5.43B
| $2.31M | 0.93% |
113,680
-5,390
| -5% | -$127K |
|
60
Walker & Dunlop
WD
$1.53B
| $2.3M | 0.92% |
43,550
-2,350
| -5% | -$131K |
|
|
ESIO
61
DELISTED
Electro Scientific Industries
ESIO
| $2.28M | 0.91% |
130,640
-11,340
| -8% | -$221K |
|
|
EXTN
62
DELISTED
Exterran Corporation
EXTN
| $2.19M | 0.88% |
82,684
-3,468
| -4% | -$93.1K |
|
|
TMHC
63
DELISTED
Taylor Morrison
TMHC
| $2.19M | 0.88% |
121,325
-30,110
| -20% | -$598K |
|
|
RDUS
64
DELISTED
Radius Recycling
RDUS
| $2.19M | 0.88% |
80,849
-6,267
| -7% | -$188K |
|
65
Spire
SR
$4.85B
| $2.17M | 0.87% |
29,530
-2,330
| -7% | -$172K |
|
66
Interface
TILE
$2.22B
| $2.17M | 0.87% |
92,810
-28,320
| -23% | -$657K |
|
67
Par Pacific Holdings
PARR
$3.32B
| $2.04M | 0.82% |
99,990
-15,190
| -13% | -$279K |
|
68
Piper Sandler
PIPR
$5.29B
| $2.04M | 0.82% |
106,600
-17,760
| -14% | -$341K |
|
|
GPOR
69
DELISTED
Gulfport Energy Corp.
GPOR
| $2.01M | 0.81% |
192,900
-8,820
| -4% | -$101K |
|
|
GCI
70
DELISTED
Gannett Co., Inc
GCI
| $1.94M | 0.78% |
193,992
-15,080
| -7% | -$154K |
|
71
Stride
LRN
$3.43B
| $1.9M | 0.76% |
107,370
-8,290
| -7% | -$142K |
|
72
Rambus
RMBS
$11B
| $1.9M | 0.76% |
173,920
-34,940
| -17% | -$425K |
|
|
RPT
73
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
| $1.86M | 0.75% |
136,930
-10,670
| -7% | -$142K |
|
|
TPH
74
DELISTED
Tri Pointe Homes
TPH
| $1.85M | 0.74% |
+148,900
| New | +$2.2M |
|
75
Minerals Technologies
MTX
$2.34B
| $1.84M | 0.74% |
27,297
-2,127
| -7% | -$150K |
|
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Piermont Capital Management's Q3 2018 Portfolio in Review
As of Q3 2018, Piermont Capital Management held 260 positions worth $249M, down 24% from $327M the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Piermont Capital Management withdrew a net $79.6M in Q3 2018, closing 149 positions and reducing 73 holdings. Its most notable exit was Haemonetics, an estimated $4.05M position sold in full.
By sector, the portfolio is most concentrated in Financials at 25% of assets, up from 20% a quarter earlier, followed by Industrials and Real Estate.
Against the trend, Piermont Capital Management opened a new position in Energizer worth $2.89M.
- Piermont Capital Management's largest Q3 2018 buy was Energizer: 49,270 shares worth $2.89M.
- Piermont Capital Management added most to Silgan Holdings in Q3 2018, an estimated $2.05M increase.
- Piermont Capital Management's biggest Q3 2018 reduction was EnerSys, cutting an estimated $1.06M.
- Piermont Capital Management fully exited Haemonetics in Q3 2018, selling an estimated $4.05M.
- Piermont Capital Management's ten largest holdings make up 13% of its $249M portfolio in Q3 2018.
- Piermont Capital Management opened 26 new positions and closed 149 in Q3 2018.
- Piermont Capital Management's portfolio value fell 24% quarter-over-quarter to $249M.
Based on Piermont Capital Management's 13F filing for Q3 2018, filed 6 Nov 2018.