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.

Limited to 30 biggest holdings

$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