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PCM
Piermont Capital Management Portfolio holdings
AUM
$211M
1-Year Est. Return
8.09%
This Fund
S&P 500
This Quarter
Est. Return
+2.61%
1 Year Est. Return
-8.09%
3 Year Est. Return
+33.18%
5 Year Est. Return
+53.13%
10 Year Est. Return
–
AUM
$420M
AUM Growth
-$18.1M
(-4.1%)
Cap. Flow
-$22M
Cap. Flow
% of AUM
-5.25%
Top 10 Holdings %
Top 10 Hldgs %
10.15%
Holding
292
New
47
Increased
34
Reduced
89
Closed
50
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Rambus
RMBS
|
+$3.25M |
| 2 |
Avista
AVA
|
+$3.19M |
| 3 |
IBKC
IBERIABANK Corp
IBKC
|
+$3.14M |
| 4 |
Amkor Technology
AMKR
|
+$3.13M |
| 5 |
Wintrust Financial
WTFC
|
+$3.12M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Piper Sandler
PIPR
|
+$4.11M |
| 2 |
Prosperity Bancshares
PB
|
+$3.68M |
| 3 |
Old National Bancorp
ONB
|
+$3.62M |
| 4 |
Dine Brands
DIN
|
+$3.46M |
| 5 |
INN
Summit Hotel Properties
INN
|
+$3.39M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 22.15% |
| 2 | Industrials | 17.44% |
| 3 | Technology | 14.28% |
| 4 | Consumer Discretionary | 11.89% |
| 5 | Healthcare | 9.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
EnerSys
ENS
$6.69B
| $4.74M | 1.13% |
60,080
-2,940
| -5% | -$229K |
|
2
Spire
SR
$4.88B
| $4.54M | 1.08% |
67,285
+6,085
| +10% | +$396K |
|
3
Insight Enterprises
NSIT
$4.57B
| $4.36M | 1.04% |
106,105
-9,420
| -8% | -$385K |
|
|
4
Rambus
RMBS
$9.3B
| $4.33M | 1.03% |
329,760
+247,480
| +301% | +$3.25M |
|
5
Interface
TILE
$2.23B
| $4.29M | 1.02% |
225,112
-14,630
| -6% | -$270K |
|
|
LDL
6
DELISTED
Lydall, Inc.
LDL
| $4.24M | 1.01% |
79,110
-5,160
| -6% | -$293K |
|
7
Moog Inc Class A
MOG.A
$11.9B
| $4.24M | 1.01% |
62,892
+40,880
| +186% | +$2.7M |
|
8
Strategy Inc
MSTR
$50.6B
| $4.16M | 0.99% |
221,480
-15,100
| -6% | -$293K |
|
9
Quad
QUAD
$519M
| $3.91M | 0.93% |
154,900
+10,152
| +7% | +$260K |
|
10
Green Dot
GDOT
$760M
| $3.77M | 0.9% |
112,878
-6,830
| -6% | -$193K |
|
|
PSB
11
DELISTED
PS Business Parks, Inc.
PSB
| $3.71M | 0.88% |
32,344
-2,150
| -6% | -$247K |
|
12
Timken Company
TKR
$8.37B
| $3.6M | 0.86% |
79,637
-7,570
| -9% | -$334K |
|
13
Progress Software
PRGS
$1.84B
| $3.59M | 0.86% |
123,522
-8,850
| -7% | -$257K |
|
|
14
Amkor Technology
AMKR
$11.9B
| $3.52M | 0.84% |
+303,530
| New | +$3.13M |
|
|
UCB
15
United Community Banks
UCB
$4.24B
| $3.46M | 0.82% |
124,930
-11,560
| -8% | -$329K |
|
|
CTB
16
DELISTED
Cooper Tire & Rubber Co.
CTB
| $3.41M | 0.81% |
76,877
-7,330
| -9% | -$287K |
|
17
Banner Corp
BANR
$2.4B
| $3.39M | 0.81% |
60,880
-5,810
| -9% | -$332K |
|
|
FARO
18
DELISTED
Faro Technologies
FARO
| $3.38M | 0.8% |
94,427
-6,340
| -6% | -$231K |
|
19
First Citizens BancShares
FCNCA
$24.8B
| $3.32M | 0.79% |
9,895
-890
| -8% | -$316K |
|
20
Cabot Corp
CBT
$4.32B
| $3.3M | 0.79% |
55,009
+8,743
| +19% | +$497K |
|
21
John B. Sanfilippo & Son
JBSS
$873M
| $3.28M | 0.78% |
44,773
-4,120
| -8% | -$272K |
|
|
TPC
22
Tutor Perini Cor
TPC
$4.67B
| $3.27M | 0.78% |
102,892
-10,520
| -9% | -$312K |
|
23
Selective Insurance
SIGI
$5.51B
| $3.23M | 0.77% |
68,554
-6,620
| -9% | -$294K |
|
24
LendingTree
TREE
$407M
| $3.23M | 0.77% |
25,755
-2,330
| -8% | -$266K |
|
25
ITT
ITT
$18.1B
| $3.2M | 0.76% |
77,945
-7,290
| -9% | -$300K |
|
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Piermont Capital Management's Q1 2017 Portfolio in Review
As of Q1 2017, Piermont Capital Management held 292 positions worth $420M, down 4.1% from $438M the previous quarter. Its ten largest holdings account for 10% of the portfolio.
Piermont Capital Management withdrew a net $22M in Q1 2017, closing 50 positions and reducing 89 holdings. Its most notable exit was Piper Sandler, an estimated $4.11M position sold in full.
By sector, the portfolio is most concentrated in Financials at 22% of assets, down from 23% a quarter earlier, followed by Industrials and Technology.
Against the trend, Piermont Capital Management opened a new position in Avista worth $3.18M.
- Piermont Capital Management's largest Q1 2017 buy was Avista: 81,350 shares worth $3.18M.
- Piermont Capital Management added most to Rambus in Q1 2017, an estimated $3.25M increase.
- Piermont Capital Management's biggest Q1 2017 reduction was Pennsylvania Real Estate Investment Trust, cutting an estimated $1.85M.
- Piermont Capital Management fully exited Piper Sandler in Q1 2017, selling an estimated $4.11M.
- Piermont Capital Management's ten largest holdings make up 10% of its $420M portfolio in Q1 2017.
- Piermont Capital Management opened 47 new positions and closed 50 in Q1 2017.
- Piermont Capital Management's portfolio value fell 4.1% quarter-over-quarter to $420M.
Based on Piermont Capital Management's 13F filing for Q1 2017, filed 11 May 2017.