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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
+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
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FSP
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 | |
|---|---|---|---|---|---|---|
|
TMHC
1
DELISTED
Taylor Morrison
TMHC
| $3.83M | 1.09% |
159,310
+29,700
| +23% | +$684K |
|
2
Spire
SR
$4.88B
| $3.8M | 1.09% |
54,535
-12,750
| -19% | -$891K |
|
3
EnerSys
ENS
$6.69B
| $3.69M | 1.05% |
50,919
-9,161
| -15% | -$721K |
|
4
Moog Inc Class A
MOG.A
$11.9B
| $3.67M | 1.05% |
51,210
-11,682
| -19% | -$808K |
|
5
Interface
TILE
$2.23B
| $3.59M | 1.03% |
182,602
-42,510
| -19% | -$835K |
|
6
Green Dot
GDOT
$760M
| $3.55M | 1.01% |
92,058
-20,820
| -18% | -$752K |
|
7
LendingTree
TREE
$407M
| $3.53M | 1.01% |
20,485
-5,270
| -20% | -$793K |
|
|
PSB
8
DELISTED
PS Business Parks, Inc.
PSB
| $3.48M | 0.99% |
26,270
-6,074
| -19% | -$759K |
|
9
Strategy Inc
MSTR
$50.6B
| $3.44M | 0.98% |
179,670
-41,810
| -19% | -$776K |
|
10
Insight Enterprises
NSIT
$4.57B
| $3.38M | 0.97% |
84,476
-21,629
| -20% | -$914K |
|
|
LDL
11
DELISTED
Lydall, Inc.
LDL
| $3.31M | 0.95% |
64,000
-15,110
| -19% | -$778K |
|
|
12
Cooper-Standard Automotive
CPS
$473M
| $3.23M | 0.92% |
31,985
+19,991
| +167% | +$2.14M |
|
13
Progress Software
PRGS
$1.84B
| $3.09M | 0.88% |
100,032
-23,490
| -19% | -$696K |
|
14
First Citizens BancShares
FCNCA
$24.8B
| $2.95M | 0.84% |
7,905
-1,990
| -20% | -$688K |
|
|
FARO
15
DELISTED
Faro Technologies
FARO
| $2.9M | 0.83% |
76,814
-17,613
| -19% | -$626K |
|
16
Quad
QUAD
$519M
| $2.87M | 0.82% |
125,091
-29,809
| -19% | -$709K |
|
|
UCB
17
United Community Banks
UCB
$4.24B
| $2.77M | 0.79% |
99,447
-25,483
| -20% | -$689K |
|
18
Avista
AVA
$3.15B
| $2.75M | 0.79% |
64,720
-16,630
| -20% | -$694K |
|
19
Banner Corp
BANR
$2.4B
| $2.73M | 0.78% |
48,390
-12,490
| -21% | -$687K |
|
20
Selective Insurance
SIGI
$5.51B
| $2.73M | 0.78% |
54,504
-14,050
| -20% | -$694K |
|
21
First American
FAF
$7.6B
| $2.71M | 0.77% |
60,620
-15,300
| -20% | -$647K |
|
|
RDUS
22
DELISTED
Radius Recycling
RDUS
| $2.66M | 0.76% |
105,406
-27,044
| -20% | -$535K |
|
|
DCT
23
DELISTED
DCT Industrial Trust Inc.
DCT
| $2.6M | 0.74% |
48,594
-12,520
| -20% | -$654K |
|
24
Associated Banc-Corp
ASB
$5.84B
| $2.57M | 0.74% |
102,049
-26,310
| -20% | -$647K |
|
25
Regal Rexnord
RRX
$10.5B
| $2.55M | 0.73% |
31,220
-8,040
| -20% | -$636K |
|
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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.