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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
+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
Avg Time Held
0.9
years
Top 10 Avg Time Held
0.4
years
Top 20 Avg Time Held
0.6
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
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 | Held Since | |
|---|---|---|---|---|---|---|---|
1
DELISTED
Taylor Morrison
TMHC
| $3.83M | 1.09% |
159,310
+29,700
| +23% | +$684K |
2016 Q3
3 quarters
|
|
2
Spire
SR
$4.77B
| $3.8M | 1.09% |
54,535
-12,750
| -19% | -$891K |
2016 Q2
4 quarters
|
|
3
EnerSys
ENS
$6.23B
| $3.69M | 1.05% |
50,919
-9,161
| -15% | -$721K |
2016 Q1
5 quarters
|
|
4
Moog Inc Class A
MOG.A
$11.6B
| $3.67M | 1.05% |
51,210
-11,682
| -19% | -$808K |
2016 Q1
5 quarters
|
|
5
Interface
TILE
$2.08B
| $3.59M | 1.03% |
182,602
-42,510
| -19% | -$835K |
2015 Q3
7 quarters
|
|
6
Green Dot
GDOT
$699M
| $3.55M | 1.01% |
92,058
-20,820
| -18% | -$752K |
2016 Q3
3 quarters
|
|
7
LendingTree
TREE
$363M
| $3.53M | 1.01% |
20,485
-5,270
| -20% | -$793K |
2015 Q3
7 quarters
|
|
|
PSB
8
DELISTED
PS Business Parks, Inc.
PSB
| $3.48M | 0.99% |
26,270
-6,074
| -19% | -$759K |
2016 Q2
4 quarters
|
|
9
Strategy Inc
MSTR
$64.1B
| $3.44M | 0.98% |
179,670
-41,810
| -19% | -$776K |
2015 Q3
7 quarters
|
|
10
Insight Enterprises
NSIT
$4.66B
| $3.38M | 0.97% |
84,476
-21,629
| -20% | -$914K |
2013 Q4
14 quarters
|
|
|
LDL
11
DELISTED
Lydall, Inc.
LDL
| $3.31M | 0.95% |
64,000
-15,110
| -19% | -$778K |
2016 Q2
4 quarters
|
|
|
12
Cooper-Standard Automotive
CPS
$382M
| $3.23M | 0.92% |
31,985
+19,991
| +167% | +$2.14M |
2016 Q2
4 quarters
|
|
13
Progress Software
PRGS
$1.67B
| $3.09M | 0.88% |
100,032
-23,490
| -19% | -$696K |
2016 Q3
3 quarters
|
|
14
First Citizens BancShares
FCNCA
$23.7B
| $2.95M | 0.84% |
7,905
-1,990
| -20% | -$688K |
2015 Q1
9 quarters
|
|
15
DELISTED
Faro Technologies
FARO
| $2.9M | 0.83% |
76,814
-17,613
| -19% | -$626K |
2016 Q2
4 quarters
|
|
16
Quad
QUAD
$488M
| $2.87M | 0.82% |
125,091
-29,809
| -19% | -$709K |
2016 Q3
3 quarters
|
|
17
United Community Banks
UCB
$4.11B
| $2.77M | 0.79% |
99,447
-25,483
| -20% | -$689K |
2016 Q1
5 quarters
|
|
18
Avista
AVA
$3.03B
| $2.75M | 0.79% |
64,720
-16,630
| -20% | -$694K |
2017 Q1
1 quarter
|
|
19
Banner Corp
BANR
$2.47B
| $2.73M | 0.78% |
48,390
-12,490
| -21% | -$687K |
2016 Q4
2 quarters
|
|
20
Selective Insurance
SIGI
$5.2B
| $2.73M | 0.78% |
54,504
-14,050
| -20% | -$694K |
2015 Q4
6 quarters
|
|
21
First American
FAF
$6.48B
| $2.71M | 0.77% |
60,620
-15,300
| -20% | -$647K |
2016 Q4
2 quarters
|
|
22
DELISTED
Radius Recycling
RDUS
| $2.66M | 0.76% |
105,406
-27,044
| -20% | -$535K |
2017 Q1
1 quarter
|
|
|
DCT
23
DELISTED
DCT Industrial Trust Inc.
DCT
| $2.6M | 0.74% |
48,594
-12,520
| -20% | -$654K |
2016 Q1
5 quarters
|
|
24
Associated Banc-Corp
ASB
$5.45B
| $2.57M | 0.74% |
102,049
-26,310
| -20% | -$647K |
2016 Q4
2 quarters
|
|
25
Regal Rexnord
RRX
$10.4B
| $2.55M | 0.73% |
31,220
-8,040
| -20% | -$636K |
2016 Q2
4 quarters
|
|
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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.