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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
(-4.1%)
Cap. Flow
-$22M
Cap. Flow
% of AUM
-5.25%
Top 10 Holdings %
Top 10 Hldgs %
10.15%
Holding
292
New
47
Increased
34
Reduced
89
Closed
50
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Rambus
RMBS
|
+$3.25M |
| 2 |
Avista
AVA
|
+$3.19M |
| 3 |
IBKC
IBERIABANK Corp
IBKC
|
+$3.14M |
| 4 |
Amkor Technology
AMKR
|
+$3.13M |
| 5 |
Wintrust Financial
WTFC
|
+$3.12M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Piper Sandler
PIPR
|
+$4.11M |
| 2 |
Prosperity Bancshares
PB
|
+$3.68M |
| 3 |
Old National Bancorp
ONB
|
+$3.62M |
| 4 |
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 | |
|---|---|---|---|---|---|---|
101
WesBanco
WSBC
$4.04B
| $1.75M | 0.42% |
45,947
-4,980
| -10% | -$201K |
|
102
Spok Holdings
SPOK
$235M
| $1.73M | 0.41% |
91,129
-9,530
| -9% | -$185K |
|
103
Wabash National
WNC
$518M
| $1.73M | 0.41% |
83,538
-1,050
| -1% | -$20.6K |
|
104
TriCo Bancshares
TCBK
$1.85B
| $1.73M | 0.41% |
48,542
-5,350
| -10% | -$190K |
|
|
NSA
105
DELISTED
National Storage Affiliates Trust
NSA
| $1.69M | 0.4% |
+70,860
| New | +$1.64M |
|
|
MASI
106
DELISTED
Masimo
MASI
| $1.69M | 0.4% |
18,156
| – | – |
|
|
TIER
107
DELISTED
TIER REIT, Inc.
TIER
| $1.68M | 0.4% |
+96,600
| New | +$1.73M |
|
108
Belden
BDC
$5.01B
| $1.65M | 0.39% |
23,903
-340
| -1% | -$25K |
|
109
Applied Industrial Technologies
AIT
$13.2B
| $1.64M | 0.39% |
26,429
-360
| -1% | -$22.2K |
|
110
Tanger
SKT
$4.66B
| $1.62M | 0.39% |
49,300
| – | – |
|
111
Evercore
EVR
$12.3B
| $1.56M | 0.37% |
+20,030
| New | +$1.56M |
|
112
Seacoast Banking Corp of Florida
SBCF
$3.39B
| $1.56M | 0.37% |
64,950
-5,300
| -8% | -$121K |
|
|
EFOR
113
Everforth Inc
EFOR
$1.3B
| $1.51M | 0.36% |
31,060
| – | – |
|
|
AZPN
114
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $1.48M | 0.35% |
25,140
| – | – |
|
115
Camden National
CAC
$1B
| $1.46M | 0.35% |
33,204
-3,080
| -8% | -$131K |
|
116
Comfort Systems
FIX
$61.1B
| $1.44M | 0.34% |
39,400
| – | – |
|
117
BancFirst
BANF
$3.83B
| $1.41M | 0.34% |
31,276
-2,800
| -8% | -$131K |
|
|
CNR
118
DELISTED
Cornerstone Building Brands, Inc.
CNR
| $1.4M | 0.33% |
81,388
| – | – |
|
|
RTEC
119
DELISTED
Rudolph Technologies Inc
RTEC
| $1.38M | 0.33% |
61,750
| – | – |
|
120
Commault Systems
CVLT
$5.52B
| $1.38M | 0.33% |
27,095
| – | – |
|
|
FTD
121
DELISTED
FTD Companies, Inc. Common Stock
FTD
| $1.36M | 0.32% |
67,530
-6,590
| -9% | -$150K |
|
122
Employers Holdings
EIG
$912M
| $1.36M | 0.32% |
35,726
| – | – |
|
123
H.B. Fuller
FUL
$3.2B
| $1.35M | 0.32% |
26,221
| – | – |
|
124
Matrix Service
MTRX
$325M
| $1.35M | 0.32% |
+81,854
| New | +$1.54M |
|
|
GWR
125
DELISTED
Genesee & Wyoming Inc.
GWR
| $1.35M | 0.32% |
19,838
| – | – |
|
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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.