Latest PIER 88 INVESTMENT PARTNERS LLC Stock Portfolio

PIER 88 INVESTMENT PARTNERS LLC Performance:

2024 Q3: 1.21%YTD: 6.82%2023: 9.26%

Performance for 2024 Q3 is 1.21%, and YTD is 6.82%, and 2023 is 9.26%.

About PIER 88 INVESTMENT PARTNERS LLC and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, PIER 88 INVESTMENT PARTNERS LLC reported an equity portfolio of $453.9 Millions as of 30 Sep, 2024.

The top stock holdings of PIER 88 INVESTMENT PARTNERS LLC are WFC, BAC, . The fund has invested 5.1% of it's portfolio in WELLS FARGO CO NEW PERP PFD CNV A and 5.1% of portfolio in BANK AMERICA CORP 7.25PERCENT CNV PFD L.

The fund managers got completely rid off ALPHABET INC CAP STK (GOOG), CROWDSTRIKE HLDGS INC (CRWD) and EXXON MOBIL CORP (XOM) stocks. They significantly reduced their stock positions in MEDPACE HLDGS INC (MEDP), NEXTERA ENERGY INC (NEE) and BROADCOM INC (AVGO). PIER 88 INVESTMENT PARTNERS LLC opened new stock positions in HEWLETT PACKARD ENTERPRISE C 7.625 MAND CONV (HPE), ROCKET LAB USA INC (RKLB) and KLAVIYO INC. The fund showed a lot of confidence in some stocks as they added substantially to RECURSION PHARMACEUTICALS IN (RXRX), DECKERS OUTDOOR CORP (DECK) and ITT INC (ITT).

PIER 88 INVESTMENT PARTNERS LLC Annual Return Estimates Vs S&P 500

Our best estimate is that PIER 88 INVESTMENT PARTNERS LLC made a return of 1.21% in the last quarter. In trailing 12 months, it's portfolio return was 12.3%.

New Buys

Ticker	$ Bought
hewlett packard enterprise c 7.625 mand conv	15,568,600
american wtr cap corp	14,653,400
rocket lab usa inc	1,571,880
klaviyo inc	965,874
ishares tr	624,800
tidal tr ii	512,940
chart inds inc	455,594
zscaler inc	340,171

New stocks bought by PIER 88 INVESTMENT PARTNERS LLC

Additions

Ticker	% Inc.
recursion pharmaceuticals in	442
deckers outdoor corp	401
itt inc	268
mercadolibre inc	165
schrodinger inc	83.6
moog inc	66.24
dover corp	51.81
tyler technologies inc	38.67

Additions to existing portfolio by PIER 88 INVESTMENT PARTNERS LLC

Reductions

Ticker	% Reduced
medpace hldgs inc	-99.95
nextera energy inc	-87.43
broadcom inc	-85.25
wix	-71.9
invesco exch traded fd tr ii	-68.29
boston scientific corp	-65.37
hubspot inc	-64.9
shopify inc	-56.08

PIER 88 INVESTMENT PARTNERS LLC reduced stake in above stock

Sold off

Ticker	$ Sold
petiq inc	-676,096
model n inc	-360,850
r1 rcm inc	-494,362
nutanix inc	-1,870,930
petiq inc	-719,156
exxon mobil corp	-2,049,140
alphabet inc cap stk	-2,805,110
revolve group inc	-182,488

PIER 88 INVESTMENT PARTNERS LLC got rid off the above stocks

Sector Distribution

PIER 88 INVESTMENT PARTNERS LLC has about 27.1% of it's holdings in Financial Services sector.

Sector	%
Financial Services	27.1
Technology	23.8
Others	21
Industrials	9.4
Consumer Cyclical	7.6
Healthcare	6.9
Utilities	2.3
Consumer Defensive	1.6

Market Cap. Distribution

PIER 88 INVESTMENT PARTNERS LLC has about 59.8% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	46.3
UNALLOCATED	21
MID-CAP	15
MEGA-CAP	13.5
SMALL-CAP	4

Stocks belong to which Index?

About 56.9% of the stocks held by PIER 88 INVESTMENT PARTNERS LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	49.5
Others	43.2
RUSSELL 2000	7.4

Top 5 Winners (%)		%
RKLB	rocket lab usa inc	67.2 %
RARE	ultragenyx pharmaceutical in	34.4 %
ABSI	absci corporation	24.5 %
HCAT	health catalyst inc	23.9 %
DNLI	denali therapeutics inc	22.4 %

Top 5 Winners ($)		$
NEE	nextera energy inc	2.8 M
WFC	wells fargo co new perp pfd cnv a	1.7 M
BAC	bank america corp 7.25percent cnv pfd l	1.4 M
COHR	coherent corp	0.8 M
HPE	hewlett packard enterprise c 7.625 mand conv	0.8 M

Top 5 Losers (%)		%
DECK	deckers outdoor corp	-82.5 %
AVGO	broadcom inc	-75.3 %
DXCM	dexcom inc	-39.6 %
PRO	pros holdings inc	-30.9 %
ENTG	entegris inc	-16.6 %

Top 5 Losers ($)		$
DECK	deckers outdoor corp	-6.4 M
AVGO	broadcom inc	-1.5 M
DXCM	dexcom inc	-0.6 M
PRO	pros holdings inc	-0.5 M
ENTG	entegris inc	-0.2 M

PIER 88 INVESTMENT PARTNERS LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of PIER 88 INVESTMENT PARTNERS LLC

PIER 88 INVESTMENT PARTNERS LLC has 70 stocks in it's portfolio. About 24.7% of the portfolio is in top 10 stocks. DECK proved to be the most loss making stock for the portfolio. NEE was the most profitable stock for PIER 88 INVESTMENT PARTNERS LLC last quarter.

Last Reported on: 06 Nov, 2024

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
ABCL	abcellera biologics inc	0.11	195,500	508,300	added	20.96

ABSI	absci corporation	0.12	136,120	519,978	reduced	-8.16

ANET	arista networks inc	0.34	4,030	1,546,800	reduced	-4.28

ATI	ati inc	0.11	7,400	495,134	unchanged	0.00

AVGO	broadcom inc	0.07	1,800	310,500	reduced	-85.25

BAB	invesco exch traded fd tr ii	0.06	1,300	261,105	reduced	-68.29

BAC	bank america corp 7.25percent cnv pfd l	5.06	18,033	22,956,200	unchanged	0.00

BIL	spdr ser tr	0.05	2,500	247,000	new

BKNG	booking holdings inc	1.02	1,100	4,633,330	reduced	-21.43

BSX	boston scientific corp	0.26	14,200	1,189,960	reduced	-65.37

CHGG	chegg inc	3.39	20,287,000	15,369,700	unchanged	0.00

CHWY	chewy inc	0.03	4,370	127,997	new

COHR	coherent corp	1.07	54,460	4,842,040	added	34.47

CRWD	crowdstrike hldgs inc	0.00	0.00	0.00	sold off	-100

D	dominion energy inc	0.06	4,315	249,364	unchanged	0.00

DDOG	datadog inc	0.23	9,270	1,066,610	added	10.1

DECK	deckers outdoor corp	0.30	8,580	1,368,080	added	401

DKNG	draftkings inc new	0.64	3,350,000	2,899,420	reduced	-33.27

DKNG	draftkings inc new	0.30	34,300	1,344,560	reduced	-21.51

DNLI	denali therapeutics inc	0.38	59,170	1,723,620	reduced	-14.7