Pier 88 Investment Partners 13F annual report
Pier 88 Investment Partners is an investment fund managing more than $180 billion ran by Sean Aurigemma. There are currently 74 companies in Mr. Aurigemma’s portfolio. The largest investments include NextEra Inc and Apollo Global Mgmt Inc Ser A Mand Cnv, together worth $45.1 billion.
$180 billion Assets Under Management (AUM)
As of 30th July 2024, Pier 88 Investment Partners’s top holding is 563,340 shares of NextEra Inc currently worth over $23.4 billion and making up 13.0% of the portfolio value.
Relative to the number of outstanding shares of NextEra Inc, Pier 88 Investment Partners owns more than approximately 0.1% of the company.
In addition, the fund holds 331,900 shares of Apollo Global Mgmt Inc Ser A Mand Cnv worth $21.8 billion.
The third-largest holding is Wells Fargo Co New Perp Pfd Cnv A worth $21.6 billion and the next is Bank America Corp 7.25percentage Cnv Pfd L worth $21.6 billion, with 18,033 shares owned.
Currently, Pier 88 Investment Partners's portfolio is worth at least $180 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Pier 88 Investment Partners
The Pier 88 Investment Partners office and employees reside in San Francisco, California. According to the last 13-F report filed with the SEC, Sean Aurigemma serves as the Chief Compliance Officer at Pier 88 Investment Partners.
Recent trades
In the most recent 13F filing, Pier 88 Investment Partners revealed that it had opened a new position in
Coherent Corp and bought 40,500 shares worth $2.93 billion.
This means they effectively own approximately 0.1% of the company.
Coherent Corp makes up
19.6%
of the fund's Industrials sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Wells Fargo Co New Perp Pfd Cnv A by buying
300 additional shares.
This makes their stake in Wells Fargo Co New Perp Pfd Cnv A total 18,152 shares worth $21.6 billion.
On the other hand, there are companies that Pier 88 Investment Partners is getting rid of from its portfolio.
Pier 88 Investment Partners closed its position in Ishares Tr on 6th August 2024.
It sold the previously owned 5,800 shares for $1.57 billion.
Sean Aurigemma also disclosed a decreased stake in KBR Inc by 0.4%.
This leaves the value of the investment at $2.58 billion and 40,290 shares.
One of the smallest hedge funds
The two most similar investment funds to Pier 88 Investment Partners are Ally Bridge (ny) and Heritage Wealth Management. They manage $180 billion and $180 billion respectively.
Sean Aurigemma investment strategy
Pier 88 Investment Partners’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Technology — making up 14.9% of
the total portfolio value.
The fund focuses on investments in the United States as
73.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
35% of the total holdings value.
On the other hand, small-cap stocks make up only 1.4% of the portfolio.
The average market cap of the portfolio companies is close to $34.3 billion.
The complete list of Pier 88 Investment Partners trades based on 13F SEC filings
These positions were updated on August 6th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| NextEra Energy Inc |
No change
563,340
|
$23,372,977,000 | 12.99% |
| Apollo Global Mgmt Inc Ser A Mand Cnv |
No change
331,900
|
$21,775,959,000 | 12.11% |
| Wells Fargo Co New Perp Pfd Cnv A |
1.68%
18,152
|
$21,582,183,000 | 12.00% |
| Bank America Corp 7.25percentage Cnv Pfd L |
1.69%
18,033
|
$21,570,353,000 | 11.99% |
| Booking Holdings Inc |
16.67%
1,400
|
$5,546,100,000 | 3.08% |
| CyberArk Software Ltd |
36.36%
15,340
|
$4,194,263,000 | 2.33% |
| Wix |
53.92%
25,690
|
$4,086,508,000 | 2.27% |
| Freshpet Inc |
9.18%
27,940
|
$3,615,157,000 | 2.01% |
| Transdigm Group Incorporated |
24.45%
2,545
|
$3,251,517,000 | 1.81% |
| Boston Scientific Corp. |
42.86%
41,000
|
$3,157,410,000 | 1.76% |
| Coherent Corp |
Opened
40,500
|
$2,934,630,000 | 1.63% |
| Alphabet Inc Cap Stk |
Opened
15,400
|
$2,805,110,000 | 1.56% |
| KBR Inc |
38.76%
40,290
|
$2,584,200,000 | 1.44% |
| Crowdstrike Holdings Inc |
220.83%
6,160
|
$2,360,450,000 | 1.31% |
| Shift4 Pmts Inc |
795.77%
31,800
|
$2,332,530,000 | 1.30% |
| Exxon Mobil Corp. |
3.26%
17,800
|
$2,049,136,000 | 1.14% |
| Broadcom Inc |
171.11%
1,220
|
$1,958,747,000 | 1.09% |
| Monday |
103.30%
8,010
|
$1,928,488,000 | 1.07% |
| Nutanix Inc |
75.52%
32,910
|
$1,870,934,000 | 1.04% |
| Toast, Inc. |
129.47%
71,550
|
$1,843,844,000 | 1.03% |
| Moog Inc. |
184.02%
9,986
|
$1,670,658,000 | 0.93% |
| DraftKings Inc. |
115.70%
43,700
|
$1,668,029,000 | 0.93% |
| Deckers Outdoor Corp. |
14.00%
1,710
|
$1,655,195,000 | 0.92% |
| Denali Therapeutics Inc |
73.56%
69,370
|
$1,610,771,000 | 0.90% |
| Ishares Tr |
Closed
5,800
|
$1,570,640,000 | |
| Dexcom Inc |
40.37%
13,630
|
$1,545,369,000 | 0.86% |
| Cloudflare Inc |
120.17%
18,560
|
$1,537,325,000 | 0.85% |
| Arista Networks Inc |
24.55%
4,210
|
$1,475,521,000 | 0.82% |
| Monolithic Pwr Sys Inc |
95.56%
1,760
|
$1,446,157,000 | 0.80% |
| MercadoLibre Inc |
262.50%
870
|
$1,429,758,000 | 0.79% |
| Pros Holdings Inc |
67.87%
46,500
|
$1,332,225,000 | 0.74% |
| Farmland Partners Inc |
29.63%
115,488
|
$1,331,577,000 | 0.74% |
| Entegris Inc |
96.44%
9,370
|
$1,268,698,000 | 0.71% |
| HubSpot Inc |
197.14%
2,080
|
$1,226,763,000 | 0.68% |
| Super Micro Computer Inc |
131.25%
1,480
|
$1,212,638,000 | 0.67% |
| Okta Inc |
93.80%
12,190
|
$1,141,106,000 | 0.63% |
| Datadog Inc |
190.34%
8,420
|
$1,091,990,000 | 0.61% |
| Euronet Worldwide Inc |
163.28%
10,481
|
$1,084,784,000 | 0.60% |
| Ultragenyx Pharmaceutical In |
70.07%
25,970
|
$1,067,367,000 | 0.59% |
| Lattice Semiconductor Corp. |
60.82%
17,188
|
$996,732,000 | 0.55% |
| ITT Inc |
190.77%
7,560
|
$976,601,000 | 0.54% |
| Xylem Inc |
164.71%
6,750
|
$915,503,000 | 0.51% |
| Etsy Inc |
120.71%
14,920
|
$879,982,000 | 0.49% |
| ON Semiconductor Corp. |
68.19%
12,530
|
$858,932,000 | 0.48% |
| Spdr Gold Tr |
41.83%
3,893
|
$837,034,000 | 0.47% |
| Health Catalyst Inc |
251.52%
130,240
|
$832,234,000 | 0.46% |
| Schrodinger, Inc. |
175.29%
42,010
|
$812,473,000 | 0.45% |
| Invesco Exch Traded Fd Tr Ii |
51.85%
4,100
|
$808,151,000 | 0.45% |
| Dover Corp. |
58.33%
4,343
|
$783,694,000 | 0.44% |
| Synaptics Inc |
10.87%
8,670
|
$764,694,000 | 0.43% |
| Tyler Technologies, Inc. |
76.47%
1,500
|
$754,170,000 | 0.42% |
| Medpace Holdings Inc |
64.86%
1,830
|
$753,686,000 | 0.42% |
| PetIQ Inc |
Opened
32,600
|
$719,156,000 | 0.40% |
| Rocket Pharmaceuticals Inc |
71.67%
30,900
|
$665,277,000 | 0.37% |
| Krystal Biotech Inc |
187.18%
3,360
|
$617,030,000 | 0.34% |
| Tradeweb Mkts Inc |
72.57%
5,815
|
$616,390,000 | 0.34% |
| Silicon Laboratories Inc |
41.32%
4,822
|
$533,458,000 | 0.30% |
| Invesco Qqq Tr |
Closed
1,200
|
$532,812,000 | |
| R1 RCM Inc. |
15.32%
39,360
|
$494,362,000 | 0.27% |
| Neurocrine Biosciences, Inc. |
144.83%
3,550
|
$488,729,000 | 0.27% |
| AbCellera Biologics Inc. |
362.04%
161,620
|
$478,395,000 | 0.27% |
| Iovance Biotherapeutics Inc |
155.81%
58,580
|
$469,812,000 | 0.26% |
| Absci Corporation |
240.19%
148,220
|
$456,518,000 | 0.25% |
| Salesforce Inc |
Closed
1,490
|
$448,758,000 | |
| KKR & Co. Inc |
77.42%
4,200
|
$442,008,000 | 0.25% |
| Helen of Troy Ltd |
92.01%
4,445
|
$412,229,000 | 0.23% |
| ATI Inc |
196.00%
7,400
|
$410,330,000 | 0.23% |
| Keysight Technologies Inc |
187.19%
2,915
|
$398,626,000 | 0.22% |
| NVIDIA Corp |
36.75%
3,200
|
$395,328,000 | 0.22% |
| Model N Inc |
Closed
13,299
|
$378,623,000 | |
| Pyxis Oncology Inc |
121.38%
113,700
|
$376,347,000 | 0.21% |
| DTE Energy Co. |
No change
2,894
|
$321,263,000 | 0.18% |
| Spdr S&p 500 Etf Tr |
Closed
500
|
$261,535,000 | |
| 10x Genomics, Inc. |
83.10%
13,000
|
$252,850,000 | 0.14% |
| Dominion Energy Inc |
No change
4,315
|
$211,435,000 | 0.12% |
| Recursion Pharmaceuticals In |
Opened
24,700
|
$185,250,000 | 0.10% |
| Revolve Group Inc |
Opened
11,470
|
$182,488,000 | 0.10% |
| Biomarin Pharmaceutical Inc. |
Closed
1,840
|
$160,706,000 | |
| Doximity, Inc. |
Closed
4,460
|
$120,019,000 | |
| Equinox Gold Corp |
No change
19,900
|
$104,077,000 | 0.06% |
| Adaptive Biotechnologies Cor |
Closed
26,415
|
$84,792,000 | |
| Five Below Inc |
No change
600
|
$65,382,000 | 0.04% |
| No transactions found | |||
| Showing first 500 out of 82 holdings | |||
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