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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
+1.66%
1 Year Est. Return
-8.09%
3 Year Est. Return
+33.18%
5 Year Est. Return
+53.13%
10 Year Est. Return
–
AUM
$249M
AUM Growth
-$77.3M
(-24%)
Cap. Flow
-$79.6M
Cap. Flow
% of AUM
-31.93%
Top 10 Holdings %
Top 10 Hldgs %
13.41%
Holding
260
New
26
Increased
12
Reduced
73
Closed
149
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Energizer
ENR
|
+$3.1M |
| 2 |
Rayonier
RYN
|
+$3.03M |
| 3 |
TECD
Tech Data Corp
TECD
|
+$2.98M |
| 4 |
BDN
Brandywine Realty Trust
BDN
|
+$2.96M |
| 5 |
Rexford Industrial Realty
REXR
|
+$2.96M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Haemonetics
HAE
|
+$4.05M |
| 2 |
Gibraltar Industries
ROCK
|
+$3.64M |
| 3 |
PSB
PS Business Parks, Inc.
PSB
|
+$3.35M |
| 4 |
Amkor Technology
AMKR
|
+$3.22M |
| 5 |
First Industrial Realty Trust
FR
|
+$3.03M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 25.35% |
| 2 | Industrials | 17.79% |
| 3 | Real Estate | 15.53% |
| 4 | Technology | 9.94% |
| 5 | Consumer Discretionary | 8.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AEL
1
DELISTED
American Equity Investment Life Holding Company
AEL
| $3.82M | 1.53% |
108,118
-6,229
| -5% | -$225K |
|
|
AAN.A
2
DELISTED
The Aaron's Company Inc Class A
AAN.A
| $3.62M | 1.45% |
66,450
-2,740
| -4% | -$149K |
|
3
First Citizens BancShares
FCNCA
$24.8B
| $3.55M | 1.43% |
7,855
-690
| -8% | -$304K |
|
4
ArcBest
ARCB
$3.05B
| $3.5M | 1.4% |
71,980
-5,779
| -7% | -$271K |
|
5
Selective Insurance
SIGI
$5.51B
| $3.44M | 1.38% |
54,234
-4,210
| -7% | -$259K |
|
6
ITT
ITT
$18.1B
| $3.2M | 1.28% |
52,205
-3,420
| -6% | -$197K |
|
7
International Bancshares
IBOC
$4.41B
| $3.11M | 1.25% |
69,070
-3,830
| -5% | -$175K |
|
8
Insight Enterprises
NSIT
$4.57B
| $3.08M | 1.23% |
56,920
-4,710
| -8% | -$248K |
|
9
Portland General Electric
POR
$5.83B
| $3.06M | 1.23% |
67,130
-4,690
| -7% | -$213K |
|
10
EnerSys
ENS
$6.69B
| $3.06M | 1.23% |
35,127
-13,208
| -27% | -$1.06M |
|
11
NorthWestern Energy
NWE
$4.33B
| $3.05M | 1.22% |
51,920
-3,990
| -7% | -$237K |
|
12
Sabra Healthcare REIT
SBRA
$5.27B
| $3.03M | 1.22% |
131,220
-6,510
| -5% | -$147K |
|
|
13
Rexford Industrial Realty
REXR
$8.28B
| $3.01M | 1.21% |
+94,080
| New | +$2.96M |
|
14
Banner Corp
BANR
$2.4B
| $2.98M | 1.2% |
48,020
-3,450
| -7% | -$220K |
|
|
EFII
15
DELISTED
Electronics for Imaging
EFII
| $2.95M | 1.18% |
+86,533
| New | +$2.94M |
|
16
Wintrust Financial
WTFC
$10.3B
| $2.94M | 1.18% |
34,600
-2,740
| -7% | -$244K |
|
17
UMB Financial
UMBF
$11B
| $2.91M | 1.17% |
41,100
+5,730
| +16% | +$430K |
|
|
18
Rayonier
RYN
$6.06B
| $2.9M | 1.16% |
+94,626
| New | +$3.03M |
|
|
19
Energizer
ENR
$1.53B
| $2.89M | 1.16% |
+49,270
| New | +$3.1M |
|
20
Cathay General Bancorp
CATY
$4.13B
| $2.86M | 1.15% |
68,970
+8,760
| +15% | +$368K |
|
21
COPT Defense Properties
CDP
$4.15B
| $2.84M | 1.14% |
+95,290
| New | +$2.85M |
|
|
BDN
22
Brandywine Realty Trust
BDN
$527M
| $2.81M | 1.13% |
+179,070
| New | +$2.96M |
|
23
Helix Energy Solutions
HLX
$1.49B
| $2.78M | 1.12% |
+281,390
| New | +$2.57M |
|
|
CLDT
24
Chatham Lodging
CLDT
$637M
| $2.78M | 1.11% |
132,916
-9,550
| -7% | -$204K |
|
25
Moog Inc Class A
MOG.A
$11.9B
| $2.77M | 1.11% |
32,210
-8,690
| -21% | -$686K |
|
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Piermont Capital Management's Q3 2018 Portfolio in Review
As of Q3 2018, Piermont Capital Management held 260 positions worth $249M, down 24% from $327M the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Piermont Capital Management withdrew a net $79.6M in Q3 2018, closing 149 positions and reducing 73 holdings. Its most notable exit was Haemonetics, an estimated $4.05M position sold in full.
By sector, the portfolio is most concentrated in Financials at 25% of assets, up from 22% a quarter earlier, followed by Industrials and Real Estate.
Against the trend, Piermont Capital Management opened a new position in Energizer worth $2.89M.
- Piermont Capital Management's largest Q3 2018 buy was Energizer: 49,270 shares worth $2.89M.
- Piermont Capital Management added most to Silgan Holdings in Q3 2018, an estimated $2.05M increase.
- Piermont Capital Management's biggest Q3 2018 reduction was EnerSys, cutting an estimated $1.06M.
- Piermont Capital Management fully exited Haemonetics in Q3 2018, selling an estimated $4.05M.
- Piermont Capital Management's ten largest holdings make up 13% of its $249M portfolio in Q3 2018.
- Piermont Capital Management opened 26 new positions and closed 149 in Q3 2018.
- Piermont Capital Management's portfolio value fell 24% quarter-over-quarter to $249M.
Based on Piermont Capital Management's 13F filing for Q3 2018, filed 6 Nov 2018.