Pier 88 Investment Partners LLC Q3 2022 vs. Q4 2022 13F Holdings Comparison

Investment firm Pier 88 Investment Partners LLC released its Q3 and Q4 2022 13F holdings report, and the results show some notable changes in the firm's holdings. In this blog post, we will take a closer look at some of the biggest shifts and what they could mean for both Pier 88 Investment Partners LLC and the companies in which they invested.

One of the biggest changes in Pier 88's holdings was their investment in Danaher Corporation. In Q3 2022, they held 9,364 shares of the company, but by Q4 2022, their holdings had increased to 14,364 shares. This is a 54.7% increase in the number of shares, showing that Pier 88 has confidence in Danaher's future prospects.

Another significant change was their investment in Becton Dickson & Co. While Pier 88 held 376,050 shares of the company in Q3 2022, their holdings increased to 386,850 shares in Q4 2022. This is a more modest 9.3% increase, but it still reflects the company's potential growth.

Pier 88 also made a large investment in Alteryx Inc, a data analytics company. In Q3 2022, they held 20,695,000 shares of Alteryx, but that number increased to 21,235,000 shares in Q4 2022. This represents a 5.8% increase in holdings, indicating that Pier 88 sees potential in the company's future.

On the other hand, Pier 88 decreased their investment in Ares Capital Corp by 12.4%. In Q3 2022, they held 15,305,000 shares, but that number decreased to 12,895,000 shares in Q4 2022. This could be due to changing market conditions or less confidence in Ares Capital's potential for growth.

Furthermore, Pier 88 divested its holdings in Western Digital Corp, a data storage company. In Q3 2022, they held 20,005,000 shares in Western Digital, but that number decreased to 19,938,080 shares in Q4 2022, a 0.2% decrease. This may be because Pier 88 sees greater potential in other investments and decided to allocate their resources elsewhere.

In conclusion, Pier 88 Investment Partners LLC made significant changes to its holdings between Q3 and Q4 2022, reflecting changes in market conditions and the firm's outlook on different stocks. Danaher Corporation, Becton Dickson & Co, and Alteryx Inc were among the companies in which Pier 88 invested more heavily, while Ares Capital Corp and Western Digital Corp saw a decrease in their holdings. These changes could have implications for both Pier 88 Investment Partners LLC and the companies in which they invested and are worth monitoring in future 13F filings.