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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 | |
|---|---|---|---|---|---|---|
76
MarineMax
HZO
$788M
| $1.84M | 0.74% |
86,713
-1,867
| -2% | -$39K |
|
77
Marcus Corp
MCS
$945M
| $1.81M | 0.72% |
+42,940
| New | +$1.63M |
|
|
AD
78
Array Digital Infrastructure
AD
$3.05B
| $1.79M | 0.72% |
39,940
-2,010
| -5% | -$81K |
|
79
Federated Hermes
FHI
$4.72B
| $1.77M | 0.71% |
73,307
-5,720
| -7% | -$135K |
|
80
Strategy Inc
MSTR
$38.4B
| $1.76M | 0.71% |
125,400
-37,000
| -23% | -$520K |
|
|
AMAG
81
DELISTED
AMAG Pharmaceuticals
AMAG
| $1.76M | 0.71% |
87,910
-16,460
| -16% | -$375K |
|
|
HOUS
82
DELISTED
Anywhere Real Estate
HOUS
| $1.75M | 0.7% |
84,950
-5,870
| -6% | -$128K |
|
|
BHR
83
Braemar Hotels & Resorts
BHR
$142M
| $1.69M | 0.68% |
145,056
-11,302
| -7% | -$127K |
|
84
Essent Group
ESNT
$6.33B
| $1.69M | 0.68% |
+38,170
| New | +$1.57M |
|
|
ESL
85
DELISTED
Esterline Technologies
ESL
| $1.68M | 0.67% |
18,470
-1,400
| -7% | -$118K |
|
|
CONN
86
DELISTED
Conn's Inc.
CONN
| $1.66M | 0.67% |
+46,890
| New | +$1.68M |
|
87
Anika Therapeutics
ANIK
$287M
| $1.65M | 0.66% |
39,150
-5,974
| -13% | -$236K |
|
|
MODV
88
DELISTED
ModivCare
MODV
| $1.63M | 0.65% |
24,200
-1,910
| -7% | -$133K |
|
|
MTSC
89
DELISTED
MTS Systems Corp
MTSC
| $1.59M | 0.64% |
+29,080
| New | +$1.56M |
|
90
Ethan Allen Interiors
ETD
$603M
| $1.59M | 0.64% |
+76,530
| New | +$1.75M |
|
|
TOWR
91
DELISTED
Tower International, Inc.
TOWR
| $1.56M | 0.63% |
+51,529
| New | +$1.67M |
|
92
CBIZ
CBZ
$2.96B
| $1.55M | 0.62% |
+65,520
| New | +$1.52M |
|
93
BancFirst
BANF
$3.8B
| $1.52M | 0.61% |
25,394
-1,914
| -7% | -$119K |
|
94
Covenant Logistics
CVLG
$872M
| $1.52M | 0.61% |
+104,320
| New | +$1.58M |
|
95
TriCo Bancshares
TCBK
$1.83B
| $1.51M | 0.61% |
39,239
-2,896
| -7% | -$112K |
|
|
VTLE
96
DELISTED
Vital Energy
VTLE
| $1.5M | 0.6% |
9,204
-675
| -7% | -$118K |
|
97
National Bank Holdings
NBHC
$1.9B
| $1.42M | 0.57% |
+37,810
| New | +$1.49M |
|
98
The Bancorp
TBBK
$2.84B
| $1.42M | 0.57% |
148,409
-11,636
| -7% | -$118K |
|
99
First Bancorp
FBNC
$2.68B
| $1.42M | 0.57% |
+35,011
| New | +$1.45M |
|
|
MGLN
100
DELISTED
Magellan Health Services, Inc.
MGLN
| $1.41M | 0.57% |
+19,552
| New | +$1.57M |
|
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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.