PIER 88 INVESTMENT PARTNERS LLC

SAN FRANCISCO, CA · CIK 1697366 · 13F filing filed 2023-08-07

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)

$403.8m reported value -2.3% vs Q1 2023

91positions

45.0%in top 10

9 new 33 added 29 reduced 7 sold out vs Q1 2023

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

PRELUDE CAPITAL MANAGEMENT, LLC – files its own report too; $8.0m of shares are in both

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

Holdings, Q2 2023

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	SOUTHWEST AIRLS CO NOTE 1.250% 5/0 · principal LUV 1.25 05.01.25 · principal	LUV 1.25 05.01.25	16,930,000	$19.4m4.81%	4.81%	Added +900.0k	+900,000 5.6%
2	EURONET WORLDWIDE INC NOTE 0.750% 3/1 · principal EEFT 0.75 03.15.49 · principal	EEFT 0.75 03.15.49	19,320,928	$18.8m4.64%	4.64%	Reduced -1.6m	-1,560,000 -7.5%
3	WESTERN DIGITAL CORP. NOTE 1.500% 2/0 · principal WDC 1.5 02.01.24 · principal	WDC 1.5 02.01.24	19,148,080	$18.6m4.60%	4.60%	Reduced -2.1m	-2,060,000 -9.7%
4	AMERICAN ELEC PWR CO INC UNIT 08/15/2023 AEP 6.125 08.15.23	AEP 6.125 08.15.23	371,300	$18.4m4.57%	4.57%	Added +12.2k	+12,200 3.4%
5	ALTERYX INC NOTE 1.000% 8/0 · principal AYX 1 08.01.26 · principal	AYX 1 08.01.26	22,055,000	$18.4m4.56%	4.56%	Unchanged
6	NISOURCE INC UNIT 12/01/2023 NI 7.75 03.01.24	NI 7.75 03.01.24	180,720	$18.4m4.56%	4.56%	Unchanged
7	EXPEDIA GROUP INC NOTE 2/1 · principal EXPE 0 02.15.26 · principal	EXPE 0 02.15.26	20,625,000	$18.0m4.46%	4.46%	Reduced -1.1m	-1,130,000 -5.2%
8	BANK AMERICA CORP 7.25%CNV PFD L BAC 7.25 PERP L	BAC 7.25 PERP L	14,953	$17.5m4.34%	4.34%	Added +7.5k	+7,550 102.0%
9	DEXCOM INC NOTE 0.250%11/1 · principal DXCM 0.25 11.15.25 · principal	DXCM 0.25 11.15.25	16,300,000	$17.4m4.31%	4.31%	Reduced -1.0m	-1,020,000 -5.9%
10	OKTA INC NOTE 0.375% 6/1 · principal OKTA 0.375 06.15.26 · principal	OKTA 0.375 06.15.26	19,839,000	$16.9m4.19%	4.19%	Reduced -580.0k	-580,000 -2.8%
11	CHEGG INC NOTE 9/0 · principal CHGG 0 09.01.26 · principal	CHGG 0 09.01.26	21,277,000	$15.9m3.95%	3.95%	Unchanged
12	SPLUNK INC NOTE 1.125% 6/1 · principal SPLK 1.125 06.15.27 · principal	SPLK 1.125 06.15.27	18,300,000	$15.8m3.91%	3.91%	Reduced -1.2m	-1,250,000 -6.4%
13	ETSY INC NOTE 0.250% 6/1 · principal ETSY 0.25 06.15.28 · principal	ETSY 0.25 06.15.28	19,100,000	$14.7m3.64%	3.64%	Unchanged
14	NEXTERA ENERGY INC UNIT 09/01/2023 NEE 6.219 09.01.23	NEE 6.219 09.01.23	280,020	$13.7m3.40%	3.40%	Added +203.2k	+203,220 264.6%
15	ARES CAPITAL CORP NOTE 4.625% 3/0 · principal ARCC 4.625 03.01.24 · principal	ARCC 4.625 03.01.24	13,425,000	$13.4m3.31%	3.31%	Unchanged
16	WIX COM LTD NOTE 8/1 · principal WIX 0 08.15.25 · principal	WIX 0 08.15.25	14,845,000	$12.9m3.20%	3.20%	Reduced -1.8m	-1,780,000 -10.7%
17	DOCUSIGN INC NOTE 1/1 · principal DOCU 0 01.15.24 · principal	DOCU 0 01.15.24	13,260,000	$12.8m3.18%	3.18%	Reduced -3.4m	-3,350,000 -20.2%
18	BOOKING HOLDINGS INC NOTE 0.750% 5/0 · principal BKNG 0.75 05.01.25 · principal	BKNG 0.75 05.01.25	8,080,000	$12.1m3.00%	3.00%	Reduced -1.4m	-1,370,000 -14.5%
19	RINGCENTRAL INC NOTE 3/0 · principal RNG 0 03.01.25 · principal	RNG 0 03.01.25	5,990,000	$5.5m1.36%	1.36%	Unchanged
20	TYLER TEX INDPT SCH DIST NOTE 0.250% 3/1 · principal TYL 0.25 03.15.26 · principal	TYL 0.25 03.15.26	4,264,000	$4.4m1.09%	1.09%	New
21	ON SEMICONDUCTOR CORP COM ON	ON	44,040	$4.2m1.03%	1.03%	Added +33.7k	+33,680 325.1%
22	PALO ALTO NETWORKS INC COM PANW	PANW	15,491	$4.0m0.98%	0.98%	New
23	KBR INC COM KBR	KBR	60,690	$3.9m0.98%	0.98%	Added +30.7k	+30,740 102.6%
24	RBC BEARINGS INC 5% CNV PFD SR A RBC 5 10.15.24 A	RBC 5 10.15.24 A	32,500	$3.4m0.85%	0.85%	New
25	CYBERARK SOFTWARE LTD NOTE 11/1 · principal CYBR 0 11.15.24 · principal	CYBR 0 11.15.24	2,975,000	$3.4m0.83%	0.83%	Reduced -50.0k	-50,000 -1.6%
26	INVESCO QQQ TR UNIT SER 1 QQQ	QQQ	8,700	$3.2m0.80%	0.80%	Added +6.9k	+6,900 383.3%
27	WELLS FARGO CO NEW PERP PFD CNV A WFC 7.5 PERP L	WFC 7.5 PERP L	2,752	$3.2m0.79%	0.79%	Added +1.3k	+1,300 89.5%
28	ATI INC COM ATI	ATI	68,423	$3.0m0.75%	0.75%	Added +2.1k	+2,065 3.1%
29	SPDR GOLD TR GOLD SHS GLD	GLD	15,919	$2.8m0.70%	0.70%	Reduced -5.6k	-5,600 -26.0%
30	BROADCOM INC COM AVGO	AVGO	2,970	$2.6m0.64%	0.64%	New
31	SHOPIFY INC NOTE 0.125%11/0 · principal SHOPCN 0.125 11.01.25 · principal	SHOPCN 0.125 11.01.25	2,802,000	$2.5m0.63%	0.63%	New
32	PIONEER NAT RES CO COM PXD	PXD	12,000	$2.5m0.62%	0.62%	Added +2.2k	+2,200 22.4%
33	PROS HOLDINGS INC NOTE 1.000% 5/1 · principal PRO 1 05.15.24 · principal	PRO 1 05.15.24	2,590,000	$2.5m0.61%	0.61%	Reduced -530.0k	-530,000 -17.0%
34	DEXCOM INC COM DXCM	DXCM	18,680	$2.4m0.59%	0.59%	Reduced -2.5k	-2,490 -11.8%
35	SPDR S&P 500 ETF TR TR UNIT SPY	SPY	5,400	$2.4m0.59%	0.59%	Unchanged
36	EURONET WORLDWIDE INC COM EEFT	EEFT	19,391	$2.3m0.56%	0.56%	Added +2.1k	+2,100 12.2%
37	TRANSDIGM GROUP INC COM TDG	TDG	2,505	$2.2m0.55%	0.55%	Added +10	+10 0.4%
38	FARMLAND PARTNERS INC COM FPI	FPI	168,008	$2.1m0.51%	0.51%	Added +33.3k	+33,310 24.7%
39	ENERGY RECOVERY INC COM ERII	ERII	71,650	$2.0m0.50%	0.50%	Added +24.5k	+24,480 51.9%
40	BOOKING HOLDINGS INC COM BKNG	BKNG	700	$1.9m0.47%	0.47%	Added +48	+48 7.4%
41	R1 RCM INC COM COM		94,690	$1.7m0.43%	0.43%	Reduced -11.1k	-11,090 -10.5%
42	INVESCO EXCH TRADED FD TR II NASDAQ 100 ETF QQQM	QQQM	10,800	$1.6m0.41%	0.41%	New
43	INSULET CORP NOTE 0.375% 9/0 · principal PODD 0.375 09.01.26 · principal	PODD 0.375 09.01.26	1,180,000	$1.6m0.40%	0.40%	Reduced -1.0m	-1,000,000 -45.9%
44	BOSTON SCIENTIFIC CORP COM BSX	BSX	28,691	$1.6m0.38%	0.38%	New
45	CYBERARK SOFTWARE LTD SHS CYBR	CYBR	9,690	$1.5m0.38%	0.38%	Added +4.5k	+4,500 86.7%
46	SPLUNK INC COM SPLK	SPLK	14,176	$1.5m0.37%	0.37%	Added +8.5k	+8,540 151.5%
47	PROS HOLDINGS INC COM PRO	PRO	48,750	$1.5m0.37%	0.37%	Added +20.8k	+20,780 74.3%
48	GOOSEHEAD INS INC COM CL A GSHD	GSHD	23,795	$1.5m0.37%	0.37%	Added +21.3k	+21,260 838.7%
49	MONOLITHIC PWR SYS INC COM MPWR	MPWR	2,670	$1.4m0.36%	0.36%	Reduced -380	-380 -12.5%
50	HEALTH CATALYST INC NOTE 2.500% 4/1 · principal HCAT 2.5 04.15.25 · principal	HCAT 2.5 04.15.25	1,490,000	$1.4m0.36%	0.36%	New
51	DENALI THERAPEUTICS INC COM DNLI	DNLI	47,680	$1.4m0.35%	0.35%	Added +4.8k	+4,840 11.3%
52	ENTEGRIS INC COM ENTG	ENTG	12,410	$1.4m0.34%	0.34%	Reduced -800	-800 -6.1%
53	HUBSPOT INC COM HUBS	HUBS	2,470	$1.3m0.33%	0.33%	Reduced -310	-310 -11.2%
54	DATADOG INC CL A COM DDOG	DDOG	13,250	$1.3m0.32%	0.32%	Added +7.1k	+7,070 114.4%
55	LATTICE SEMICONDUCTOR CORP COM LSCC	LSCC	13,188	$1.3m0.31%	0.31%	Reduced -5.8k	-5,840 -30.7%
56	CLOUDFLARE INC CL A COM NET	NET	19,110	$1.2m0.31%	0.31%	Added +16.4k	+16,380 600.0%
57	TRADEWEB MKTS INC CL A TW	TW	18,050	$1.2m0.31%	0.31%	Reduced -37.1k	-37,123 -67.3%
58	DECKERS OUTDOOR CORP COM DECK	DECK	2,230	$1.2m0.29%	0.29%	Unchanged
59	HEALTH CATALYST INC COM HCAT	HCAT	90,390	$1.1m0.28%	0.28%	Added +35.8k	+35,770 65.5%
60	PETIQ INC NOTE 4.000% 6/0 · principal PETQ 4 06.01.26 · principal	PETQ 4 06.01.26	1,225,000	$1.1m0.28%	0.28%	Added +220.0k	+220,000 21.9%
61	ULTRAGENYX PHARMACEUTICAL IN COM RARE	RARE	23,300	$1.1m0.27%	0.27%	Added +1.6k	+1,550 7.1%
62	SALESFORCE INC COM CRM	CRM	4,920	$1.0m0.26%	0.26%	Reduced -13.6k	-13,563 -73.4%
63	ALTERYX INC COM CL A AYX	AYX	21,195	$962.3k0.24%	0.24%	Reduced -4.9k	-4,880 -18.7%
64	MODEL N INC COM MODN	MODN	26,999	$954.7k0.24%	0.24%	Reduced -57.5k	-57,497 -68.0%
65	ZSCALER INC COM ZS	ZS	6,301	$921.8k0.23%	0.23%	Added +6.3k	+6,300 630000.0%
66	DOVER CORP COM DOV	DOV	6,206	$916.3k0.23%	0.23%	Unchanged
67	CHEWY INC CL A CHWY	CHWY	23,010	$908.2k0.22%	0.22%	Added +7.2k	+7,180 45.4%
68	FIVE BELOW INC COM FIVE	FIVE	4,280	$841.2k0.21%	0.21%	Unchanged
69	HELEN OF TROY LTD COM HELE	HELE	6,285	$678.9k0.17%	0.17%	Added +2.8k	+2,780 79.3%
70	KEYSIGHT TECHNOLOGIES INC COM KEYS	KEYS	3,875	$648.9k0.16%	0.16%	Added +630	+630 19.4%
71	MOOG INC CL A MOG.A	MOG.A	5,916	$641.5k0.16%	0.16%	Reduced -20.5k	-20,485 -77.6%
72	SILICON LABORATORIES INC COM SLAB	SLAB	3,942	$621.8k0.15%	0.15%	Unchanged
73	BIOMARIN PHARMACEUTICAL INC NOTE 1.250% 5/1 · principal BMRN 1.25 05.15.27 · principal	BMRN 1.25 05.15.27	602,000	$605.7k0.15%	0.15%	Reduced -730.0k	-730,000 -54.8%
74	10X GENOMICS INC CL A COM TXG	TXG	9,690	$541.1k0.13%	0.13%	Added +5.5k	+5,500 131.3%
75	SYNAPTICS INC COM SYNA	SYNA	5,680	$485.0k0.12%	0.12%	Unchanged
76	ADAPTIVE BIOTECHNOLOGIES COR COM ADPT	ADPT	71,625	$480.6k0.12%	0.12%	Unchanged
77	MODEL N INC NOTE 2.625% 6/0 · principal MODN 2.625 06.01.25 · principal	MODN 2.625 06.01.25	350,000	$430.6k0.11%	0.11%	Unchanged
78	CROWDSTRIKE HLDGS INC CL A CRWD	CRWD	2,860	$420.0k0.10%	0.10%	Reduced -6.7k	-6,650 -69.9%
79	OKTA INC CL A OKTA	OKTA	5,900	$409.2k0.10%	0.10%	Reduced -6.8k	-6,768 -53.4%
80	SPLUNK INC NOTE 1.125% 9/1 · principal SPLK 1.125 09.15.25 · principal	SPLK 1.125 09.15.25	370,000	$370.9k0.09%	0.09%	Unchanged
81	DOXIMITY INC CL A DOCS	DOCS	9,520	$323.9k0.08%	0.08%	Added +1.4k	+1,380 16.9%
82	DTE ENERGY CO COM DTE	DTE	2,894	$318.4k0.08%	0.08%	Unchanged
83	MIRATI THERAPEUTICS INC COM MRTX	MRTX	7,890	$285.1k0.07%	0.07%	Added +450	+450 6.0%
84	INSULET CORP COM PODD	PODD	910	$262.4k0.06%	0.06%	Reduced -6.9k	-6,907 -88.4%
85	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	$252.8k0.06%	0.06%	Unchanged
86	DOMINION ENERGY INC COM D	D	4,315	$223.5k0.06%	0.06%	Unchanged
87	XYLEM INC COM XYL	XYL	1,980	$223.0k0.06%	0.06%	New
88	EQUINOX GOLD CORP COM EQX	EQX	21,885	$100.2k0.02%	0.02%	Unchanged
89	BIOMARIN PHARMACEUTICAL INC COM BMRN	BMRN	930	$80.6k0.02%	0.02%	Reduced -70	-70 -7.0%
90	FISKER INC CL A COM STK SPAQ	SPAQ	12,310	$69.4k0.02%	0.02%	Added +1.9k	+1,930 18.6%
91	REVOLVE GROUP INC CL A RVLV	RVLV	2,120	$34.8k0.01%	0.01%	Unchanged

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
BECTON DICKINSON & CO BDX 6 06.01.23 B	BDX 6 06.01.23 B	393,810	$19.6m393.8k shares
BOSTON SCIENTIFIC CORP BSX 5.5 06.01.23 A	BSX 5.5 06.01.23 A	90,935	$11.0m90.9k shares
KKR & CO INC KKR 6 09.15.23 C	KKR 6 09.15.23 C	77,700	$4.9m77.7k shares
WORKDAY INC WDAY	WDAY	10,440	$2.2m10.4k shares
LINDSAY CORP LNN	LNN	11,375	$1.7m11.4k shares
EVOQUA WATER TECHNOLOGIES CO AQUA	AQUA	4,127	$205.2k4.1k shares
NEXTERA ENERGY INC NEE	NEE	7	$5407 shares