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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
+6.94%
1 Year Est. Return
-8.09%
3 Year Est. Return
+33.18%
5 Year Est. Return
+53.13%
10 Year Est. Return
–
AUM
$302M
AUM Growth
-$47.7M
(-14%)
Cap. Flow
-$64.2M
Cap. Flow
% of AUM
-21.27%
Top 10 Holdings %
Top 10 Hldgs %
11.03%
Holding
289
New
44
Increased
30
Reduced
124
Closed
47
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
DF
Dean Foods Company
DF
|
+$2.9M |
| 2 |
Old National Bancorp
ONB
|
+$2.33M |
| 3 |
GOOD
Gladstone Commercial Corp
GOOD
|
+$2.3M |
| 4 |
Wintrust Financial
WTFC
|
+$2.28M |
| 5 |
The Greenbrier Companies
GBX
|
+$2.27M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Interface
TILE
|
+$2.96M |
| 2 |
Avista
AVA
|
+$2.75M |
| 3 |
First American
FAF
|
+$2.71M |
| 4 |
DCT
DCT Industrial Trust Inc.
DCT
|
+$2.6M |
| 5 |
Associated Banc-Corp
ASB
|
+$2.57M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 23.79% |
| 2 | Industrials | 16.43% |
| 3 | Technology | 11.46% |
| 4 | Real Estate | 10.44% |
| 5 | Consumer Discretionary | 9.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
NVR
NVR
$16.9B
| $685K | 0.23% |
240
-170
| -41% | -$456K |
|
127
Commault Systems
CVLT
$5.53B
| $671K | 0.22% |
11,040
-12,034
| -52% | -$719K |
|
|
128
Interface
TILE
$2.04B
| $668K | 0.22% |
30,520
-152,082
| -83% | -$2.96M |
|
129
QCR Holdings
QCRH
$1.71B
| $661K | 0.22% |
+14,530
| New | +$656K |
|
|
MASI
130
DELISTED
Masimo
MASI
| $659K | 0.22% |
7,610
-8,016
| -51% | -$709K |
|
|
AZPN
131
DELISTED
ASPEN TECHNOLOGY INC
AZPN
| $655K | 0.22% |
10,430
-10,950
| -51% | -$688K |
|
132
Huntington Ingalls Industries
HII
$12.7B
| $628K | 0.21% |
2,775
-2,021
| -42% | -$421K |
|
133
Central Pacific Financial
CPF
$1.01B
| $627K | 0.21% |
+19,480
| New | +$589K |
|
134
Maximus
MMS
$3.06B
| $613K | 0.2% |
+9,510
| New | +$583K |
|
|
SEM
135
DELISTED
Select Medical
SEM
| $605K | 0.2% |
58,501
-59,910
| -51% | -$553K |
|
|
STBZ
136
DELISTED
State Bank Financial Corporation. Common Stock
STBZ
| $603K | 0.2% |
21,060
| – | – |
|
137
Euronet Worldwide
EEFT
$2.73B
| $594K | 0.2% |
6,270
-6,710
| -52% | -$636K |
|
138
Comfort Systems
FIX
$60.3B
| $585K | 0.19% |
16,390
-17,100
| -51% | -$591K |
|
|
COTV
139
DELISTED
Cotiviti Holdings, Inc.
COTV
| $577K | 0.19% |
+16,030
| New | +$604K |
|
|
CVG
140
DELISTED
Convergys
CVG
| $575K | 0.19% |
22,220
-13,200
| -37% | -$317K |
|
141
Semtech
SMTC
$12.6B
| $570K | 0.19% |
15,170
-15,775
| -51% | -$588K |
|
|
ANSS
142
DELISTED
Ansys
ANSS
| $562K | 0.19% |
4,580
-3,330
| -42% | -$418K |
|
143
Revvity
RVTY
$12.7B
| $562K | 0.19% |
8,150
-6,920
| -46% | -$464K |
|
144
RadNet
RDNT
$5.36B
| $556K | 0.18% |
+48,130
| New | +$440K |
|
145
Nektar Therapeutics
NKTR
$2.48B
| $554K | 0.18% |
1,539
-1,513
| -50% | -$473K |
|
146
Akebia Therapeutics
AKBA
$256M
| $546K | 0.18% |
27,770
-27,305
| -50% | -$420K |
|
147
Advanced Energy
AEIS
$13B
| $544K | 0.18% |
+6,730
| New | +$488K |
|
148
Texas Roadhouse
TXRH
$13.7B
| $541K | 0.18% |
11,010
-10,460
| -49% | -$510K |
|
|
AL
149
DELISTED
Air Lease Corp
AL
| $538K | 0.18% |
12,620
-9,180
| -42% | -$366K |
|
150
Brady Corp
BRC
$4.63B
| $535K | 0.18% |
14,090
-14,130
| -50% | -$482K |
|
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Piermont Capital Management's Q3 2017 Portfolio in Review
As of Q3 2017, Piermont Capital Management held 289 positions worth $302M, down 14% from $350M the previous quarter. Its ten largest holdings account for 11% of the portfolio.
Piermont Capital Management withdrew a net $64.2M in Q3 2017, closing 47 positions and reducing 124 holdings. Its most notable exit was Avista, an estimated $2.75M position sold in full.
By sector, the portfolio is most concentrated in Financials at 24% of assets, up from 21% a quarter earlier, followed by Industrials and Technology.
Against the trend, Piermont Capital Management opened a new position in Dean Foods Company worth $2.45M.
- Piermont Capital Management's largest Q3 2017 buy was Dean Foods Company: 225,130 shares worth $2.45M.
- Piermont Capital Management added most to Gibraltar Industries in Q3 2017, an estimated $2.12M increase.
- Piermont Capital Management's biggest Q3 2017 reduction was Interface, cutting an estimated $2.96M.
- Piermont Capital Management fully exited Avista in Q3 2017, selling an estimated $2.75M.
- Piermont Capital Management's ten largest holdings make up 11% of its $302M portfolio in Q3 2017.
- Piermont Capital Management opened 44 new positions and closed 47 in Q3 2017.
- Piermont Capital Management's portfolio value fell 14% quarter-over-quarter to $302M.
Based on Piermont Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.