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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
+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
Avg Time Held
0.8
years
Top 10 Avg Time Held
0.2
years
Top 20 Avg Time Held
0.4
years
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 |
Summit Hotel Properties
INN
|
+$3.39M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 22.15% |
| 2 | Industrials | 17.22% |
| 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 | Held Since | |
|---|---|---|---|---|---|---|---|
1
EnerSys
ENS
$6.23B
| $4.74M | 1.13% |
60,080
-2,940
| -5% | -$229K |
2016 Q1
4 quarters
|
|
2
Spire
SR
$4.77B
| $4.54M | 1.08% |
67,285
+6,085
| +10% | +$396K |
2016 Q2
3 quarters
|
|
3
Insight Enterprises
NSIT
$4.66B
| $4.36M | 1.04% |
106,105
-9,420
| -8% | -$385K |
2013 Q4
13 quarters
|
|
|
4
Rambus
RMBS
$10.1B
| $4.33M | 1.03% |
329,760
+247,480
| +301% | +$3.25M |
2016 Q3
2 quarters
|
|
5
Interface
TILE
$2.08B
| $4.29M | 1.02% |
225,112
-14,630
| -6% | -$270K |
2015 Q3
6 quarters
|
|
|
LDL
6
DELISTED
Lydall, Inc.
LDL
| $4.24M | 1.01% |
79,110
-5,160
| -6% | -$293K |
2016 Q2
3 quarters
|
|
7
Moog Inc Class A
MOG.A
$11.6B
| $4.24M | 1.01% |
62,892
+40,880
| +186% | +$2.7M |
2016 Q1
4 quarters
|
|
8
Strategy Inc
MSTR
$64.1B
| $4.16M | 0.99% |
221,480
-15,100
| -6% | -$293K |
2015 Q3
6 quarters
|
|
9
Quad
QUAD
$488M
| $3.91M | 0.93% |
154,900
+10,152
| +7% | +$260K |
2016 Q3
2 quarters
|
|
10
Green Dot
GDOT
$699M
| $3.77M | 0.9% |
112,878
-6,830
| -6% | -$193K |
2016 Q3
2 quarters
|
|
|
PSB
11
DELISTED
PS Business Parks, Inc.
PSB
| $3.71M | 0.88% |
32,344
-2,150
| -6% | -$247K |
2016 Q2
3 quarters
|
|
12
Timken Company
TKR
$7.83B
| $3.6M | 0.86% |
79,637
-7,570
| -9% | -$334K |
2016 Q2
3 quarters
|
|
13
Progress Software
PRGS
$1.67B
| $3.59M | 0.86% |
123,522
-8,850
| -7% | -$257K |
2016 Q3
2 quarters
|
|
|
14
Amkor Technology
AMKR
$10.9B
| $3.52M | 0.84% |
+303,530
| New | +$3.13M |
2017 Q1
0 quarters
|
|
15
United Community Banks
UCB
$4.11B
| $3.46M | 0.82% |
124,930
-11,560
| -8% | -$329K |
2016 Q1
4 quarters
|
|
|
CTB
16
DELISTED
Cooper Tire & Rubber Co.
CTB
| $3.41M | 0.81% |
76,877
-7,330
| -9% | -$287K |
2015 Q1
8 quarters
|
|
17
Banner Corp
BANR
$2.47B
| $3.39M | 0.81% |
60,880
-5,810
| -9% | -$332K |
2016 Q4
1 quarter
|
|
18
DELISTED
Faro Technologies
FARO
| $3.38M | 0.8% |
94,427
-6,340
| -6% | -$231K |
2016 Q2
3 quarters
|
|
19
First Citizens BancShares
FCNCA
$23.7B
| $3.32M | 0.79% |
9,895
-890
| -8% | -$316K |
2015 Q1
8 quarters
|
|
20
Cabot Corp
CBT
$3.9B
| $3.3M | 0.79% |
55,009
+8,743
| +19% | +$497K |
2015 Q4
5 quarters
|
|
21
John B. Sanfilippo & Son
JBSS
$773M
| $3.28M | 0.78% |
44,773
-4,120
| -8% | -$272K |
2016 Q1
4 quarters
|
|
22
Tutor Perini Cor
TPC
$4.13B
| $3.27M | 0.78% |
102,892
-10,520
| -9% | -$312K |
2016 Q3
2 quarters
|
|
23
Selective Insurance
SIGI
$5.2B
| $3.23M | 0.77% |
68,554
-6,620
| -9% | -$294K |
2015 Q4
5 quarters
|
|
24
LendingTree
TREE
$363M
| $3.23M | 0.77% |
25,755
-2,330
| -8% | -$266K |
2015 Q3
6 quarters
|
|
25
ITT
ITT
$18B
| $3.2M | 0.76% |
77,945
-7,290
| -9% | -$300K |
2015 Q1
8 quarters
|
|
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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.