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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
+0.96%
1 Year Est. Return
-8.09%
3 Year Est. Return
+33.18%
5 Year Est. Return
+53.13%
10 Year Est. Return
–
AUM
$350M
AUM Growth
-$69.9M
(-17%)
Cap. Flow
-$68.2M
Cap. Flow
% of AUM
-19.5%
Top 10 Holdings %
Top 10 Hldgs %
10.28%
Holding
280
New
38
Increased
14
Reduced
162
Closed
35
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FSP
Franklin Street Properties
FSP
|
+$2.47M |
| 2 |
Portland General Electric
POR
|
+$2.37M |
| 3 |
Chord Energy
CHRD
|
+$2.35M |
| 4 |
WLL
Whiting Petroleum Corporation
WLL
|
+$2.33M |
| 5 |
Cooper-Standard Automotive
CPS
|
+$2.14M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Timken Company
TKR
|
+$3.6M |
| 2 |
CTB
Cooper Tire & Rubber Co.
CTB
|
+$3.41M |
| 3 |
M/I Homes
MHO
|
+$3.19M |
| 4 |
CONE
CyrusOne Inc Common Stock
CONE
|
+$3.16M |
| 5 |
UMPQ
Umpqua Holdings Corp
UMPQ
|
+$3.16M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 21.43% |
| 2 | Industrials | 14.97% |
| 3 | Technology | 13.73% |
| 4 | Consumer Discretionary | 12.59% |
| 5 | Healthcare | 11.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
Gibraltar Industries
ROCK
$1.34B
| $920K | 0.26% |
25,795
-4,542
| -15% | -$160K |
|
152
Quest Diagnostics
DGX
$26.8B
| $914K | 0.26% |
8,220
| – | – |
|
153
Supernus Pharmaceuticals
SUPN
$2.54B
| $914K | 0.26% |
21,214
-9,927
| -32% | -$353K |
|
154
Paycom
PAYC
$10.8B
| $913K | 0.26% |
+13,350
| New | +$858K |
|
|
CNSL
155
DELISTED
Consolidated Communications Holdings, Inc.
CNSL
| $912K | 0.26% |
42,500
-7,530
| -15% | -$164K |
|
|
POLY
156
DELISTED
Plantronics, Inc.
POLY
| $912K | 0.26% |
17,440
-3,120
| -15% | -$168K |
|
|
DMC
157
Del Monte Corp
DMC
$1.5B
| $906K | 0.26% |
17,800
-3,090
| -15% | -$168K |
|
158
Western Union
WU
$2.26B
| $905K | 0.26% |
47,490
| – | – |
|
|
CIT
159
DELISTED
CIT Group Inc.
CIT
| $897K | 0.26% |
18,415
| – | – |
|
160
Nektar Therapeutics
NKTR
$2.48B
| $895K | 0.26% |
+3,052
| New | +$882K |
|
161
Huntington Ingalls Industries
HII
$11.6B
| $893K | 0.26% |
4,796
| – | – |
|
162
Rambus
RMBS
$9.3B
| $884K | 0.25% |
77,360
-252,400
| -77% | -$3.1M |
|
|
NTRI
163
DELISTED
NutriSystem, Inc.
NTRI
| $881K | 0.25% |
+16,920
| New | +$876K |
|
164
Hasbro
HAS
$13.3B
| $876K | 0.25% |
7,860
| – | – |
|
165
Peoples Bancorp
PEBO
$1.43B
| $871K | 0.25% |
27,096
-6,906
| -20% | -$222K |
|
|
NPKI
166
NPK International
NPKI
$1.12B
| $864K | 0.25% |
+117,487
| New | +$897K |
|
167
Zurn Elkay Water Solutions
ZWS
$7.97B
| $861K | 0.25% |
+76,874
| New | +$862K |
|
|
HI
168
DELISTED
Hillenbrand
HI
| $857K | 0.25% |
+23,740
| New | +$865K |
|
|
DATA
169
DELISTED
Tableau Software, Inc.
DATA
| $854K | 0.24% |
13,933
-2,460
| -15% | -$144K |
|
170
Alaska Air
ALK
$4.72B
| $851K | 0.24% |
9,480
| – | – |
|
|
CUDA
171
DELISTED
Barracuda Networks, Inc.
CUDA
| $848K | 0.24% |
36,760
-6,570
| -15% | -$145K |
|
172
Steven Madden
SHOO
$3.24B
| $844K | 0.24% |
31,706
-6,055
| -16% | -$154K |
|
|
CVG
173
DELISTED
Convergys
CVG
| $842K | 0.24% |
35,420
| – | – |
|
174
O-I Glass
OI
$1.14B
| $839K | 0.24% |
35,070
| – | – |
|
|
GIFI
175
DELISTED
Gulf Island Fabrication
GIFI
| $838K | 0.24% |
72,225
-18,920
| -21% | -$190K |
|
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Piermont Capital Management's Q2 2017 Portfolio in Review
As of Q2 2017, Piermont Capital Management held 280 positions worth $350M, down 17% from $420M the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Piermont Capital Management withdrew a net $68.2M in Q2 2017, closing 35 positions and reducing 162 holdings. Its most notable exit was Timken Company, an estimated $3.6M position sold in full.
By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 22% a quarter earlier, followed by Industrials and Technology.
Against the trend, Piermont Capital Management opened a new position in Franklin Street Properties worth $2.36M.
- Piermont Capital Management's largest Q2 2017 buy was Franklin Street Properties: 213,150 shares worth $2.36M.
- Piermont Capital Management added most to Cooper-Standard Automotive in Q2 2017, an estimated $2.14M increase.
- Piermont Capital Management's biggest Q2 2017 reduction was Rambus, cutting an estimated $3.1M.
- Piermont Capital Management fully exited Timken Company in Q2 2017, selling an estimated $3.6M.
- Piermont Capital Management's ten largest holdings make up 10% of its $350M portfolio in Q2 2017.
- Piermont Capital Management opened 38 new positions and closed 35 in Q2 2017.
- Piermont Capital Management's portfolio value fell 17% quarter-over-quarter to $350M.
Based on Piermont Capital Management's 13F filing for Q2 2017, filed 11 Aug 2017.