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PCM
Piermont Capital Management Portfolio holdings
AUM
$211M
Turnover
32.82%
1-Year Est. Return
8.09%
This Fund
S&P 500
This Quarter
Est. Return
+11.4%
1 Year Est. Return
-8.09%
3 Year Est. Return
+33.18%
5 Year Est. Return
+53.13%
10 Year Est. Return
–
AUM
$438M
AUM Growth
+$15.2M
(+3.6%)
Cap. Flow
-$19.5M
Cap. Flow
% of AUM
-4.46%
Top 10 Holdings %
Top 10 Hldgs %
10.41%
Holding
292
New
47
Increased
27
Reduced
142
Closed
47
Avg Time Held
0.7
years
Top 10 Avg Time Held
0.2
years
Top 20 Avg Time Held
0.2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Banner Corp
BANR
|
+$3.27M |
| 2 |
First American
FAF
|
+$3.2M |
| 3 |
Associated Banc-Corp
ASB
|
+$3.11M |
| 4 |
CONE
CyrusOne Inc Common Stock
CONE
|
+$3M |
| 5 |
Scholastic
SCHL
|
+$2.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Southwest Gas
SWX
|
+$4.06M |
| 2 |
MENT
Mentor Graphics Corp
MENT
|
+$3.75M |
| 3 |
Coherent
COHR
|
+$3.64M |
| 4 |
AAR Corp
AIR
|
+$3.64M |
| 5 |
KCG
KCG Holdings, Inc.
KCG
|
+$3.46M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 22.73% |
| 2 | Industrials | 16.94% |
| 3 | Technology | 14.1% |
| 4 | Consumer Discretionary | 12.78% |
| 5 | Real Estate | 9.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Mechanics Bancorp
MCHB
$3.18B
| $5.26M | 1.2% |
166,527
-10,490
| -6% | -$301K |
2015 Q1
7 quarters
|
|
|
LDL
2
DELISTED
Lydall, Inc.
LDL
| $5.21M | 1.19% |
84,270
+13,720
| +19% | +$759K |
2016 Q2
2 quarters
|
|
3
EnerSys
ENS
$6.08B
| $4.92M | 1.12% |
63,020
+36,200
| +135% | +$2.65M |
2016 Q1
3 quarters
|
|
4
Insight Enterprises
NSIT
$4.71B
| $4.67M | 1.07% |
115,525
-10,190
| -8% | -$351K |
2013 Q4
12 quarters
|
|
5
Strategy Inc
MSTR
$57.9B
| $4.67M | 1.07% |
236,580
-15,700
| -6% | -$297K |
2015 Q3
5 quarters
|
|
6
Interface
TILE
$2.09B
| $4.45M | 1.02% |
239,742
-15,120
| -6% | -$261K |
2015 Q3
5 quarters
|
|
7
Progress Software
PRGS
$1.67B
| $4.23M | 0.97% |
132,372
+92,172
| +229% | +$2.68M |
2016 Q3
1 quarter
|
|
8
Piper Sandler
PIPR
$4.57B
| $4.11M | 0.94% |
226,684
-19,276
| -8% | -$304K |
2016 Q3
1 quarter
|
|
9
United Community Banks
UCB
$4.11B
| $4.04M | 0.92% |
136,490
-12,131
| -8% | -$304K |
2016 Q1
3 quarters
|
|
|
PSB
10
DELISTED
PS Business Parks, Inc.
PSB
| $4.02M | 0.92% |
34,494
-2,230
| -6% | -$245K |
2016 Q2
2 quarters
|
|
11
Spire
SR
$4.85B
| $3.95M | 0.9% |
61,200
-2,970
| -5% | -$187K |
2016 Q2
2 quarters
|
|
12
Quad
QUAD
$486M
| $3.89M | 0.89% |
144,748
+95,208
| +192% | +$2.46M |
2016 Q3
1 quarter
|
|
13
McGrath RentCorp
MGRC
$2.76B
| $3.86M | 0.88% |
98,407
-8,740
| -8% | -$305K |
2016 Q1
3 quarters
|
|
14
First Citizens BancShares
FCNCA
$24B
| $3.83M | 0.87% |
10,785
-690
| -6% | -$225K |
2015 Q1
7 quarters
|
|
15
DELISTED
American Equity Investment Life Holding Company
AEL
| $3.8M | 0.87% |
168,508
-14,782
| -8% | -$295K |
2016 Q1
3 quarters
|
|
|
16
Banner Corp
BANR
$2.48B
| $3.72M | 0.85% |
+66,690
| New | +$3.27M |
2016 Q4
0 quarters
|
|
17
Prosperity Bancshares
PB
$8.15B
| $3.68M | 0.84% |
51,210
-4,720
| -8% | -$295K |
2016 Q1
3 quarters
|
|
|
UMPQ
18
DELISTED
Umpqua Holdings Corp
UMPQ
| $3.65M | 0.83% |
194,080
-14,410
| -7% | -$245K |
2015 Q4
4 quarters
|
|
19
DELISTED
Faro Technologies
FARO
| $3.63M | 0.83% |
100,767
-7,209
| -7% | -$257K |
2016 Q2
2 quarters
|
|
20
Old National Bancorp
ONB
$9.57B
| $3.62M | 0.83% |
199,165
-17,829
| -8% | -$286K |
2016 Q1
3 quarters
|
|
21
The Marzetti Company
MZTI
$2.85B
| $3.55M | 0.81% |
25,120
-1,680
| -6% | -$227K |
2016 Q1
3 quarters
|
|
22
M/I Homes
MHO
$3.15B
| $3.51M | 0.8% |
139,231
+38,740
| +39% | +$913K |
2015 Q3
5 quarters
|
|
|
23
Associated Banc-Corp
ASB
$5.47B
| $3.49M | 0.8% |
+141,179
| New | +$3.11M |
2016 Q4
0 quarters
|
|
|
DST
24
DELISTED
DST Systems Inc.
DST
| $3.49M | 0.8% |
65,086
-3,480
| -5% | -$184K |
2013 Q4
12 quarters
|
|
25
Dine Brands
DIN
$405M
| $3.46M | 0.79% |
44,996
+10,140
| +29% | +$824K |
2016 Q3
1 quarter
|
|
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Piermont Capital Management's Q4 2016 Portfolio in Review
As of Q4 2016, Piermont Capital Management held 292 positions worth $438M, up 3.6% from $422M the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Piermont Capital Management withdrew a net $19.5M in Q4 2016, closing 47 positions and reducing 142 holdings. Its most notable exit was Southwest Gas, an estimated $4.06M position sold in full.
By sector, the portfolio is most concentrated in Financials at 23% of assets, up from 21% a quarter earlier, followed by Industrials and Technology.
Against the trend, Piermont Capital Management opened a new position in Banner Corp worth $3.72M.
- Piermont Capital Management's largest Q4 2016 buy was Banner Corp: 66,690 shares worth $3.72M.
- Piermont Capital Management added most to Progress Software in Q4 2016, an estimated $2.68M increase.
- Piermont Capital Management's biggest Q4 2016 reduction was American Eagle Outfitters, cutting an estimated $3.14M.
- Piermont Capital Management fully exited Southwest Gas in Q4 2016, selling an estimated $4.06M.
- Piermont Capital Management's ten largest holdings make up 10% of its $438M portfolio in Q4 2016.
- Piermont Capital Management opened 47 new positions and closed 47 in Q4 2016.
- Piermont Capital Management's portfolio value rose 3.6% quarter-over-quarter to $438M.
Based on Piermont Capital Management's 13F filing for Q4 2016, filed 13 Feb 2017.