PIER 88 INVESTMENT PARTNERS LLC

SAN FRANCISCO, CA · CIK 1697366 · 13F filing filed 2023-02-15

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityPIER 88 INVESTMENT PARTNERS LLC (US)

$412.6m reported value -1.9% vs Q3 2022

94positions

46.6%in top 10

5 new 31 added 39 reduced 11 sold out vs Q3 2022

This report includes the holdings of 1 other manager that shares the investment decisions:

PRELUDE CAPITAL MANAGEMENT, LLC – files its own report too; $5.8m of shares are in both

Shares in two reports are counted once in each security's totals.

Holdings, Q4 2022

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	BOSTON SCIENTIFIC CORP 5.50% CNV PFD A BSX 5.5 06.01.23 A	BSX 5.5 06.01.23 A	179,315	$20.6m4.99%	4.99%	Unchanged
2	BANK AMERICA CORP 7.25%CNV PFD L BAC 7.25 PERP L	BAC 7.25 PERP L	16,923	$19.6m4.76%	4.76%	Added +300	+300 1.8%
3	WELLS FARGO CO NEW PERP PFD CNV A WFC 7.5 PERP L	WFC 7.5 PERP L	16,495	$19.5m4.74%	4.74%	Added +300	+300 1.9%
4	DANAHER CORPORATION 5% CONV PFD B DHR 5 04.15.23 B	DHR 5 04.15.23 B	14,364	$19.5m4.72%	4.72%	Added +5.0k	+5,000 53.4%
5	EURONET WORLDWIDE INC NOTE 0.750% 3/1 · principal EEFT 0.75 03.15.49 · principal	EEFT 0.75 03.15.49	20,550,928	$19.4m4.71%	4.71%	Added +3.1m	+3,070,928 17.6%
6	BECTON DICKINSON & CO 6% DP CONV PFD B BDX 6 06.01.23 B	BDX 6 06.01.23 B	386,850	$19.4m4.70%	4.70%	Added +10.8k	+10,800 2.9%
7	WESTERN DIGITAL CORP. NOTE 1.500% 2/0 · principal WDC 1.5 02.01.24 · principal	WDC 1.5 02.01.24	19,938,080	$19.0m4.60%	4.60%	Reduced -66.9k	-66,920 -0.3%
8	DEXCOM INC NOTE 0.250%11/1 · principal DXCM 0.25 11.15.25 · principal	DXCM 0.25 11.15.25	17,320,000	$18.8m4.57%	4.57%	Reduced -175.0k	-175,000 -1.0%
9	NISOURCE INC UNIT 12/01/2023 NI 7.75 03.01.24	NI 7.75 03.01.24	181,320	$18.8m4.55%	4.55%	Added +29.3k	+29,300 19.3%
10	ALTERYX INC NOTE 1.000% 8/0 · principal AYX 1 08.01.26 · principal	AYX 1 08.01.26	21,235,000	$17.6m4.27%	4.27%	Added +540.0k	+540,000 2.6%
11	CHEGG INC NOTE 9/0 · principal CHGG 0 09.01.26 · principal	CHGG 0 09.01.26	21,137,000	$16.6m4.02%	4.02%	Added +1.8m	+1,807,000 9.3%
12	EXPEDIA GROUP INC NOTE 2/1 · principal EXPE 0 02.15.26 · principal	EXPE 0 02.15.26	18,935,000	$16.5m4.00%	4.00%	Unchanged
13	NEXTERA ENERGY INC UNIT 03/01/2023 NEE 5.279 03.01.23	NEE 5.279 03.01.23	299,134	$15.2m3.68%	3.68%	Added +57.9k	+57,900 24.0%
14	ARES CAPITAL CORP NOTE 4.625% 3/0 · principal ARCC 4.625 03.01.24 · principal	ARCC 4.625 03.01.24	12,895,000	$13.7m3.32%	3.32%	Reduced -2.4m	-2,410,000 -15.8%
15	DOCUSIGN INC NOTE 1/1 · principal DOCU 0 01.15.24 · principal	DOCU 0 01.15.24	14,200,000	$13.3m3.24%	3.24%	Unchanged
16	AMERICAN ELEC PWR CO INC UNIT 08/15/2023 AEP 6.125 08.15.23	AEP 6.125 08.15.23	235,700	$12.2m2.95%	2.95%	Added +59.7k	+59,700 33.9%
17	KKR & CO INC 6% MCONV PFD C KKR 6 09.15.23 C	KKR 6 09.15.23 C	186,300	$10.7m2.59%	2.59%	Added +92.4k	+92,400 98.4%
18	SPLUNK INC NOTE 1.125% 6/1 · principal SPLK 1.125 06.15.27 · principal	SPLK 1.125 06.15.27	12,480,000	$10.5m2.55%	2.55%	Added +690.0k	+690,000 5.8%
19	OKTA INC NOTE 0.375% 6/1 · principal OKTA 0.375 06.15.26 · principal	OKTA 0.375 06.15.26	12,369,000	$10.4m2.52%	2.52%	Added +924.0k	+924,000 8.1%
20	WIX COM LTD NOTE 8/1 · principal WIX 0 08.15.25 · principal	WIX 0 08.15.25	9,585,000	$8.1m1.96%	1.96%	Reduced -70.0k	-70,000 -0.7%
21	BOOKING HOLDINGS INC NOTE 0.750% 5/0 · principal BKNG 0.75 05.01.25 · principal	BKNG 0.75 05.01.25	5,430,000	$7.2m1.75%	1.75%	Reduced -540.0k	-540,000 -9.1%
22	KBR INC COM KBR	KBR	92,753	$4.9m1.19%	1.19%	Added +3.5k	+3,500 3.9%
23	RINGCENTRAL INC NOTE 3/0 · principal RNG 0 03.01.25 · principal	RNG 0 03.01.25	5,120,000	$4.4m1.07%	1.07%	Reduced -45.0k	-45,000 -0.9%
24	NEXTERA ENERGY INC UNIT 09/01/2023 NEE 6.219 09.01.23	NEE 6.219 09.01.23	85,000	$4.3m1.04%	1.04%	Unchanged
25	ELEVANCE HEALTH INC NOTE 2.750%10/1 · principal ELV 2.75 10.15.42 · principal	ELV 2.75 10.15.42	570,000	$4.2m1.01%	1.01%	Reduced -220.0k	-220,000 -27.9%
26	ETSY INC NOTE 0.250% 6/1 · principal ETSY 0.25 06.15.28 · principal	ETSY 0.25 06.15.28	4,320,000	$3.7m0.89%	0.89%	Added +1.2m	+1,230,000 39.8%
27	CYBERARK SOFTWARE LTD NOTE 11/1 · principal CYBR 0 11.15.24 · principal	CYBR 0 11.15.24	3,465,000	$3.7m0.89%	0.89%	Reduced -620.0k	-620,000 -15.2%
28	INSULET CORP NOTE 0.375% 9/0 · principal PODD 0.375 09.01.26 · principal	PODD 0.375 09.01.26	2,410,000	$3.4m0.83%	0.83%	Unchanged
29	SPDR GOLD TR GOLD SHS GLD	GLD	17,026	$2.9m0.70%	0.70%	Reduced -3.4k	-3,400 -16.6%
30	PROS HOLDINGS INC NOTE 1.000% 5/1 · principal PRO 1 05.15.24 · principal	PRO 1 05.15.24	3,120,000	$2.9m0.70%	0.70%	Reduced -20.0k	-20,000 -0.6%
31	NUVASIVE INC NOTE 1.000% 6/0 · principal GMED 1 06.01.23 · principal	GMED 1 06.01.23	2,670,000	$2.6m0.63%	0.63%	Unchanged
32	ON SEMICONDUCTOR CORP NOTE 5/0 · principal ON 0 05.01.27 · principal	ON 0 05.01.27	1,930,000	$2.6m0.62%	0.62%	Reduced -4.1m	-4,080,000 -67.9%
33	PIONEER NAT RES CO COM PXD	PXD	11,000	$2.5m0.61%	0.61%	Added +500	+500 4.8%
34	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	8,000	$2.1m0.52%	0.52%	Added +3.3k	+3,300 70.2%
35	DEXCOM INC COM DXCM	DXCM	16,370	$1.9m0.45%	0.45%	Reduced -4.8k	-4,810 -22.7%
36	LINDSAY CORP COM LNN	LNN	11,375	$1.9m0.45%	0.45%	Reduced -300	-300 -2.6%
37	DECKERS OUTDOOR CORP COM DECK	DECK	4,620	$1.8m0.45%	0.45%	Added +500	+500 12.1%
38	ETSY INC COM ETSY	ETSY	14,991	$1.8m0.44%	0.44%	Added +3.6k	+3,600 31.6%
39	MODEL N INC COM MODN	MODN	43,859	$1.8m0.43%	0.43%	Added +9.3k	+9,280 26.8%
40	EURONET WORLDWIDE INC COM EEFT	EEFT	17,291	$1.6m0.40%	0.40%	Added +1.1k	+1,100 6.8%
41	TRADEWEB MKTS INC CL A TW	TW	24,990	$1.6m0.39%	0.39%	Reduced -1.7k	-1,700 -6.4%
42	TRANSDIGM GROUP INC COM TDG	TDG	2,195	$1.4m0.33%	0.33%	Reduced -1.4k	-1,430 -39.5%
43	LATTICE SEMICONDUCTOR CORP COM LSCC	LSCC	20,868	$1.4m0.33%	0.33%	Reduced -3.0k	-3,030 -12.7%
44	EVOQUA WATER TECHNOLOGIES CO COM AQUA	AQUA	33,219	$1.3m0.32%	0.32%	Reduced -24.6k	-24,600 -42.5%
45	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	3,300	$1.3m0.31%	0.31%	New
46	FIRST REP BK SAN FRANCISCO C COM FRCB	FRCB	10,310	$1.3m0.30%	0.30%	Added +1.2k	+1,230 13.6%
47	BUNGE LIMITED COM BG	BG	12,182	$1.2m0.29%	0.29%	Reduced -11.0k	-11,000 -47.5%
48	INSULET CORP COM PODD	PODD	4,097	$1.2m0.29%	0.29%	Reduced -3.3k	-3,280 -44.5%
49	FARMLAND PARTNERS INC COM FPI	FPI	91,898	$1.1m0.28%	0.28%	Added +28.9k	+28,900 45.9%
50	MONOLITHIC PWR SYS INC COM MPWR	MPWR	3,170	$1.1m0.27%	0.27%	Added +630	+630 24.8%
51	PROS HOLDINGS INC COM PRO	PRO	45,620	$1.1m0.27%	0.27%	Reduced -9.5k	-9,490 -17.2%
52	ENERGY RECOVERY INC COM ERII	ERII	52,870	$1.1m0.26%	0.26%	Reduced -1.3k	-1,330 -2.5%
53	ULTRAGENYX PHARMACEUTICAL IN COM RARE	RARE	21,750	$1.0m0.24%	0.24%	Reduced -1.1k	-1,090 -4.8%
54	DENALI THERAPEUTICS INC COM DNLI	DNLI	35,240	$980.0k0.24%	0.24%	Added +23.1k	+23,150 191.5%
55	ON SEMICONDUCTOR CORP COM ON	ON	14,380	$896.9k0.22%	0.22%	Reduced -11.1k	-11,100 -43.6%
56	SILICON LABORATORIES INC COM SLAB	SLAB	6,558	$889.7k0.22%	0.22%	Reduced -1.3k	-1,300 -16.5%
57	R1 RCM INC COM COM		77,790	$851.8k0.21%	0.21%	New
58	ALTERYX INC COM CL A AYX	AYX	16,605	$841.4k0.20%	0.20%	Reduced -4.2k	-4,200 -20.2%
59	HUBSPOT INC COM HUBS	HUBS	2,780	$803.8k0.19%	0.19%	Reduced -380	-380 -12.0%
60	ENTEGRIS INC COM ENTG	ENTG	11,610	$761.5k0.18%	0.18%	Unchanged
61	FIVE BELOW INC COM FIVE	FIVE	4,280	$757.0k0.18%	0.18%	Reduced -800	-800 -15.8%
62	DOXIMITY INC CL A DOCS	DOCS	22,200	$745.0k0.18%	0.18%	New
63	SYNAPTICS INC COM SYNA	SYNA	7,270	$691.8k0.17%	0.17%	Added +2.6k	+2,560 54.4%
64	SPLUNK INC COM SPLK	SPLK	7,936	$683.2k0.17%	0.17%	Added +2.1k	+2,100 36.0%
65	KEYSIGHT TECHNOLOGIES INC COM KEYS	KEYS	3,245	$555.1k0.13%	0.13%	Reduced -4.8k	-4,835 -59.8%
66	MODEL N INC NOTE 2.625% 6/0 · principal MODN 2.625 06.01.25 · principal	MODN 2.625 06.01.25	350,000	$473.4k0.11%	0.11%	Unchanged
67	DATADOG INC CL A COM DDOG	DDOG	6,180	$454.2k0.11%	0.11%	Reduced -4.3k	-4,270 -40.9%
68	CYBERARK SOFTWARE LTD SHS CYBR	CYBR	3,400	$440.8k0.11%	0.11%	Reduced -7.6k	-7,570 -69.0%
69	ADAPTIVE BIOTECHNOLOGIES COR COM ADPT	ADPT	57,205	$437.0k0.11%	0.11%	Unchanged
70	OKTA INC CL A OKTA	OKTA	5,870	$401.1k0.10%	0.10%	New
71	HELEN OF TROY LTD COM HELE	HELE	3,505	$388.7k0.09%	0.09%	Added +400	+400 12.9%
72	DTE ENERGY CO COM DTE	DTE	2,894	$340.1k0.08%	0.08%	New
73	DOMINION ENERGY INC COM D	D	4,315	$264.6k0.06%	0.06%	Unchanged
74	TABULA RASA HEALTHCARE INC NOTE 1.750% 2/1 · principal TRHC 1.75 02.15.26 · principal	TRHC 1.75 02.15.26	300,000	$234.6k0.06%	0.06%	Reduced -86.0k	-86,000 -22.3%
75	KBR INC NOTE 2.500%11/0 · principal KBR 2.5 11.01.23 · principal	KBR 2.5 11.01.23	110,000	$232.5k0.06%	0.06%	Unchanged
76	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	2,020	$212.7k0.05%	0.05%	Added +1.2k	+1,170 137.7%
77	DOVER CORP COM DOV	DOV	1,450	$196.3k0.05%	0.05%	Unchanged
78	NUVASIVE INC COM NUVA	NUVA	4,725	$194.9k0.05%	0.05%	Unchanged
79	MIRATI THERAPEUTICS INC COM MRTX	MRTX	4,090	$185.3k0.04%	0.04%	Reduced -5.3k	-5,310 -56.5%
80	SPLUNK INC NOTE 1.125% 9/1 · principal SPLK 1.125 09.15.25 · principal	SPLK 1.125 09.15.25	190,000	$179.4k0.04%	0.04%	Reduced -45.0k	-45,000 -19.1%
81	10X GENOMICS INC CL A COM TXG	TXG	4,190	$152.7k0.04%	0.04%	Added +1.7k	+1,680 66.9%
82	HERON THERAPEUTICS INC COM HRTX	HRTX	60,000	$150.0k0.04%	0.04%	Added +32.3k	+32,300 116.6%
83	CLOUDFLARE INC CL A COM NET	NET	2,730	$123.4k0.03%	0.03%	Reduced -9.5k	-9,510 -77.7%
84	GOOSEHEAD INS INC COM CL A GSHD	GSHD	2,245	$77.1k0.02%	0.02%	Unchanged
85	FISKER INC CL A COM STK SPAQ	SPAQ	10,380	$75.5k0.02%	0.02%	Unchanged
86	EQUINOX GOLD CORP COM EQX	EQX	21,885	$71.8k0.02%	0.02%	Unchanged
87	EAST WEST BANCORP INC COM EWBC	EWBC	1,010	$66.6k0.02%	0.02%	Reduced -1.6k	-1,580 -61.0%
88	PALO ALTO NETWORKS INC COM PANW	PANW	450	$62.8k0.02%	0.02%	Reduced -19.9k	-19,851 -97.8%
89	ZSCALER INC COM ZS	ZS	430	$48.1k0.01%	0.01%	Reduced -371	-371 -46.3%
90	SVB FINANCIAL GROUP COM SIVB	SIVB	185	$42.6k0.01%	0.01%	Reduced -1.5k	-1,490 -89.0%
91	SEER INC COM CL A SEER	SEER	6,600	$38.3k0.01%	0.01%	Reduced -1.1k	-1,095 -14.2%
92	REVOLVE GROUP INC CL A RVLV	RVLV	520	$11.6k0.00%	0.00%	Unchanged
93	NEXTERA ENERGY INC COM NEE	NEE	7	$5850.00%	0.00%	Unchanged
94	VERTIV HOLDINGS CO COM CL A VRT	VRT	10	$1370.00%	0.00%	Unchanged

Sold out since Q3 2022

Security	Ticker	Shares held before	Value then
DTE ENERGY CO DTE 6.25 11.01.22	DTE 6.25 11.01.22	210,150	$10.5m210.2k shares
BROADCOM INC AVGO	AVGO	22,608	$10.0m22.6k shares
NEW MTN FIN CORP NMFC 5.75 08.15.23	NMFC 5.75 08.15.23	8,481,000	$8.4m8.5m shares
STANLEY BLACK & DECKER INC SWK 5.25 11.15.22	SWK 5.25 11.15.22	71,070	$3.5m71.1k shares
SOUTHERN CO SO	SO	25,223	$1.7m25.2k shares
ZOOMINFO TECHNOLOGIES INC GTM	GTM	32,310	$1.3m32.3k shares
INVESCO EXCH TRADED FD TR II QQQM	QQQM	11,600	$1.3m11.6k shares
HORIZON THERAPEUTICS PUB L HZNP	HZNP	17,180	$1.1m17.2k shares
CLOUDFLARE INC NET 0.75 05.15.25	NET 0.75 05.15.25	580,000	$931.0k580.0k shares
BROADCOM INC AVGO 8 09.30.22 A	AVGO 8 09.30.22 A	240	$338.0k240 shares
THREDUP INC TDUP	TDUP	80	$080 shares