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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 | |
|---|---|---|---|---|---|---|
|
ACH
176
Accendra Health
ACH
$93.1M
| $838K | 0.24% |
26,040
-4,620
| -15% | -$152K |
|
177
First Industrial Realty Trust
FR
$8.21B
| $836K | 0.24% |
29,210
+2,090
| +8% | +$59.6K |
|
178
Shutterstock
SSTK
$221M
| $823K | 0.24% |
18,670
-3,240
| -15% | -$143K |
|
179
Manhattan Associates
MANH
$13B
| $815K | 0.23% |
16,960
-3,000
| -15% | -$142K |
|
|
AL
180
DELISTED
Air Lease Corp
AL
| $814K | 0.23% |
21,800
| – | – |
|
181
Eastman Chemical
EMN
$8.35B
| $814K | 0.23% |
9,690
| – | – |
|
|
CBPX
182
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
| $812K | 0.23% |
34,840
-5,760
| -14% | -$139K |
|
|
BEAT
183
DELISTED
BioTelemetry, Inc.
BEAT
| $811K | 0.23% |
24,260
-4,330
| -15% | -$129K |
|
184
Toro Company
TTC
$9.43B
| $799K | 0.23% |
11,530
| – | – |
|
|
CPLA
185
DELISTED
Capella Education Company
CPLA
| $792K | 0.23% |
9,252
-1,650
| -15% | -$147K |
|
186
Akebia Therapeutics
AKBA
$243M
| $791K | 0.23% |
55,075
-9,580
| -15% | -$121K |
|
187
ITT
ITT
$18.1B
| $779K | 0.22% |
19,395
-58,550
| -75% | -$2.34M |
|
188
Fortinet
FTNT
$122B
| $771K | 0.22% |
102,900
| – | – |
|
|
EGOV
189
DELISTED
NIC Inc
EGOV
| $769K | 0.22% |
40,596
-7,191
| -15% | -$147K |
|
|
CARB
190
DELISTED
Carbonite Inc
CARB
| $768K | 0.22% |
35,216
-6,240
| -15% | -$128K |
|
191
LKQ Corp
LKQ
$6.46B
| $760K | 0.22% |
23,076
| – | – |
|
192
Silgan Holdings
SLGN
$4.45B
| $756K | 0.22% |
23,780
| – | – |
|
|
TIF
193
DELISTED
Tiffany & Co.
TIF
| $736K | 0.21% |
7,840
| – | – |
|
194
Lazard
LAZ
$4.25B
| $720K | 0.21% |
+15,550
| New | +$697K |
|
195
Morningstar
MORN
$8.16B
| $719K | 0.21% |
9,180
| – | – |
|
|
XOXO
196
DELISTED
Xo Group Inc
XOXO
| $718K | 0.21% |
40,747
-7,230
| -15% | -$124K |
|
|
ALOG
197
DELISTED
Analogic Corp
ALOG
| $716K | 0.2% |
9,850
-1,770
| -15% | -$127K |
|
198
Lantheus
LNTH
$6.58B
| $703K | 0.2% |
+39,830
| New | +$586K |
|
199
Ingredion
INGR
$6.6B
| $699K | 0.2% |
5,860
| – | – |
|
200
Harley-Davidson
HOG
$2.92B
| $694K | 0.2% |
12,840
| – | – |
|
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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.