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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 | |
|---|---|---|---|---|---|---|
176
Maximus
MMS
$3.1B
| – | – |
-6,990
| Closed | -$434K |
|
177
Morningstar
MORN
$7.53B
| – | – |
-5,310
| Closed | -$681K |
|
178
MSCI
MSCI
$40.9B
| – | – |
-3,100
| Closed | -$513K |
|
179
Nektar Therapeutics
NKTR
$2.58B
| – | – |
-304
| Closed | -$223K |
|
180
NVR
NVR
$17B
| – | – |
-150
| Closed | -$446K |
|
181
O-I Glass
OI
$1.08B
| – | – |
-22,570
| Closed | -$379K |
|
182
Outfront Media
OUT
$5.5B
| – | – |
-107,165
| Closed | -$2.05M |
|
183
Oxford Industries
OXM
$552M
| – | – |
-20,849
| Closed | -$1.73M |
|
184
Phibro Animal Health
PAHC
$1.39B
| – | – |
-4,770
| Closed | -$220K |
|
185
Paycom
PAYC
$9.69B
| – | – |
-4,360
| Closed | -$431K |
|
186
PBF Energy
PBF
$7.31B
| – | – |
-59,640
| Closed | -$2.5M |
|
187
Prestige Consumer Healthcare
PBH
$2.6B
| – | – |
-14,990
| Closed | -$575K |
|
188
Pitney Bowes
PBI
$2.39B
| – | – |
-25,770
| Closed | -$221K |
|
189
Quad
QUAD
$525M
| – | – |
-16,670
| Closed | -$347K |
|
190
RadNet
RDNT
$5.69B
| – | – |
-33,680
| Closed | -$505K |
|
191
Raymond James Financial
RJF
$34B
| – | – |
-7,050
| Closed | -$420K |
|
|
192
Gibraltar Industries
ROCK
$1.49B
| – | – |
-97,095
| Closed | -$3.64M |
|
193
Red Robin
RRGB
$152M
| – | – |
-36,838
| Closed | -$1.72M |
|
|
SEM
194
DELISTED
Select Medical
SEM
| – | – |
-40,368
| Closed | -$395K |
|
195
Steven Madden
SHOO
$3.55B
| – | – |
-10,680
| Closed | -$378K |
|
196
Semtech
SMTC
$13B
| – | – |
-10,590
| Closed | -$498K |
|
|
SNBR
197
DELISTED
Sleep Number
SNBR
| – | – |
-9,690
| Closed | -$281K |
|
|
SPR
198
DELISTED
Spirit AeroSystems
SPR
| – | – |
-6,500
| Closed | -$558K |
|
199
SouthState Bank Corp
SSB
$10.5B
| – | – |
-30,080
| Closed | -$2.59M |
|
200
Shutterstock
SSTK
$219M
| – | – |
-6,240
| Closed | -$296K |
|
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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.