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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 | |
|---|---|---|---|---|---|---|
|
CTB
101
DELISTED
Cooper Tire & Rubber Co.
CTB
| $1.37M | 0.55% |
48,271
-31,729
| -40% | -$904K |
|
102
Central Pacific Financial
CPF
$1B
| $1.34M | 0.54% |
50,530
-21,610
| -30% | -$612K |
|
|
FSB
103
DELISTED
Franklin Financial Network, Inc.
FSB
| $1.31M | 0.53% |
33,580
-2,470
| -7% | -$95.5K |
|
|
CHCT
104
Community Healthcare Trust
CHCT
$454M
| $1.3M | 0.52% |
+41,920
| New | +$1.28M |
|
105
Ennis
EBF
$564M
| $1.27M | 0.51% |
61,920
-4,620
| -7% | -$97.6K |
|
|
VIVO
106
DELISTED
Meridian Bioscience Inc
VIVO
| $1.26M | 0.51% |
84,870
-6,630
| -7% | -$103K |
|
107
MacroGenics
MGNX
$257M
| $1.16M | 0.47% |
54,130
-12,420
| -19% | -$265K |
|
108
Independent Bank Corp
IBCP
$844M
| $1.13M | 0.45% |
47,690
-3,760
| -7% | -$93.9K |
|
|
DENN
109
DELISTED
Denny's
DENN
| $910K | 0.37% |
61,840
-4,900
| -7% | -$74K |
|
|
TRST
110
Trustco Bank Corp NY
TRST
$938M
| $909K | 0.36% |
21,388
-1,648
| -7% | -$74.5K |
|
111
iShares Russell 2000 Value ETF
IWN
$14.6B
| $266K | 0.11% |
+2,000
| New | +$269K |
|
112
Acco Brands
ACCO
$407M
| – | – |
-176,970
| Closed | -$2.45M |
|
113
American Coastal Insurance
ACIC
$493M
| – | – |
-19,120
| Closed | -$374K |
|
114
Axcelis
ACLS
$4.33B
| – | – |
-15,860
| Closed | -$314K |
|
115
Ameren
AEE
$30.1B
| – | – |
-6,250
| Closed | -$380K |
|
116
Advanced Energy
AEIS
$13B
| – | – |
-5,750
| Closed | -$334K |
|
|
AL
117
DELISTED
Air Lease Corp
AL
| – | – |
-12,620
| Closed | -$530K |
|
118
Alaska Air
ALK
$5.58B
| – | – |
-5,490
| Closed | -$332K |
|
|
119
Amkor Technology
AMKR
$13.7B
| – | – |
-375,180
| Closed | -$3.22M |
|
120
AMN Healthcare
AMN
$1.4B
| – | – |
-13,750
| Closed | -$806K |
|
121
ANI Pharmaceuticals
ANIP
$1.78B
| – | – |
-4,460
| Closed | -$298K |
|
|
ANSS
122
DELISTED
Ansys
ANSS
| – | – |
-4,580
| Closed | -$798K |
|
123
Brady Corp
BRC
$4.57B
| – | – |
-9,670
| Closed | -$373K |
|
124
Bruker
BRKR
$8.14B
| – | – |
-34,430
| Closed | -$1M |
|
125
Cable One
CABO
$212M
| – | – |
-980
| Closed | -$719K |
|
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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.