Pier Capital, LLC Q4 2022 vs. Q1 2023: A Look at the Changing Fund Holdings

In the volatile world of finance, investors and traders are always looking for new opportunities to grow their funds. Hedge funds, family offices, and other investment firms are required to file Form 13F with the Securities and Exchange Commission (SEC) each quarter, which discloses their holdings of publicly traded securities. Pier Capital, LLC is among the firms that must file this report, and the latest data from their Q4 2022 and Q1 2023 filings show several interesting changes in their holdings.

One of the most significant changes is in Option Care Health Inc (OPCH). Pier Capital increased its holdings in the healthcare services provider by over 42%, from 243,452 shares worth $7.3 million to 328,460 shares worth $10.4 million. This increase likely comes in response to the growing demand for healthcare services in the wake of the COVID-19 pandemic. As the world continues to grapple with the pandemic, investors are looking for opportunities in healthcare companies that are poised for long-term growth.

Another interesting change is in Fabrinet (FN), a provider of optical communications equipment and services. Pier Capital decreased its holdings in the company by nearly 5%, from 61,166 shares worth $7.8 million to 62,879 shares worth $7.5 million. While this may seem like a relatively small decrease, it is worth noting that the broader market for optical communications equipment has been experiencing some headwinds due to the ongoing global chip shortage. Nevertheless, Fabrinet's strong financials and competitive positioning make it a potential long-term investment opportunity for many investors.

But it's not just healthcare and communications companies that are drawing investors' attention. Pier Capital also increased its holdings in FTI Consulting Inc (FCN) by over 57%, from 43,752 shares worth $6.9 million to 55,340 shares worth $10.9 million. This increase likely comes in response to the growing demand for strategic consulting services in industries ranging from healthcare to finance. As companies look to navigate an ever-changing business landscape, many are turning to consulting firms like FTI Consulting to help them stay ahead of the curve.

On the other hand, Pier Capital decreased its holdings in Deckers Outdoor Corp (DECK), a designer and distributor of footwear and apparel, by over 34%, from 21,542 shares worth $8.6 million to 12,511 shares worth $5.6 million. This decrease may be a reflection of the challenges facing the retail sector, which has been hit hard by changing consumer behaviors and the rise of e-commerce. However, some investors still see potential in Deckers Outdoor Corp and consider it a worthwhile investment.

Overall, Pier Capital's Q4 2022 and Q1 2023 filings show that the firm is adjusting its holdings to reflect the changing market conditions. Through a combination of buying and selling shares in various companies, the firm is positioning itself to take advantage of emerging opportunities while minimizing the impact of market headwinds. As with any investment decision, it's important to conduct your own research and seek the advice of a financial professional before making any trades. But for those looking to gain insight into the ever-shifting world of finance, the quarterly 13F filings provide a useful window into the strategies of some of the world's top investment firms.