# Piermont Capital Management Inc.

> Institutional holdings reported to the SEC as of Q4 2018 on Form 13F. CIK 1561509. Source: https://holderbook.com/funds/1561509-piermont-capital-management-inc/

- Reported value: $210.9M
- Positions: 108
- Weight of the ten largest: 13.9%
- Filed: 2019-02-13

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| PORTLAND GEN ELEC CO | [POR](https://holderbook.com/stocks/POR/) | $3.1M | 67,660 | 1.5% | 1 |
| TECH DATA CORP | [TECD](https://holderbook.com/stocks/TECD/) | $3.0M | 37,200 | 1.4% | 1 |
| FIRST CTZNS BANCSHARES INC D | [FCNCA](https://holderbook.com/stocks/FCNCA/) | $3.0M | 8,005 | 1.4% | 1 |
| CIENA CORP | [CIEN](https://holderbook.com/stocks/CIEN/) | $3.0M | 88,380 | 1.4% | 1 |
| AMERICAN EQTY INVT LIFE HLD | [AEL](https://holderbook.com/stocks/AEL/) | $3.0M | 106,868 | 1.4% | 1 |
| TXNM ENERGY INC | [TXNM](https://holderbook.com/stocks/TXNM/) | $3.0M | 71,860 | 1.4% | 1 |
| SPIRE INC | [SR](https://holderbook.com/stocks/SR/) | $2.9M | 38,770 | 1.4% | 1 |
| NATIONAL STORAGE AFFILIATES | [NSA](https://holderbook.com/stocks/NSA/) | $2.8M | 106,590 | 1.3% | 1 |
| ENERSYS | [ENS](https://holderbook.com/stocks/ENS/) | $2.8M | 36,227 | 1.3% | 1 |
| SOUTHWEST GAS HLDGS INC | [SWX](https://holderbook.com/stocks/SWX/) | $2.8M | 36,540 | 1.3% | 1 |
| K12 INC | [LRNXXXX](https://holderbook.com/stocks/LRNXXXX/) | $2.8M | 112,670 | 1.3% | 1 |
| GRAHAM HLDGS CO | [GHC](https://holderbook.com/stocks/GHC/) | $2.8M | 4,309 | 1.3% | 1 |
| AARONS INC | [AANXXXX](https://holderbook.com/stocks/AANXXXX/) | $2.8M | 65,550 | 1.3% | 1 |
| REXFORD INDL RLTY INC | [REXR](https://holderbook.com/stocks/REXR/) | $2.8M | 93,430 | 1.3% | 1 |
| BRANDYWINE RLTY TR | [BDN](https://holderbook.com/stocks/BDN/) | $2.6M | 201,850 | 1.2% | 1 |
| BANNER CORP | [BANR](https://holderbook.com/stocks/BANR/) | $2.6M | 48,520 | 1.2% | 1 |
| ITT INC | [ITT](https://holderbook.com/stocks/ITT/) | $2.6M | 53,305 | 1.2% | 1 |
| JABIL INC | [JBL](https://holderbook.com/stocks/JBL/) | $2.6M | 103,641 | 1.2% | 1 |
| MOOG INC | [MOGA](https://holderbook.com/stocks/MOGA/) | $2.5M | 32,710 | 1.2% | 1 |
| TEXAS CAP BANCSHARES INC | [TCBI](https://holderbook.com/stocks/TCBI/) | $2.5M | 49,220 | 1.2% | 1 |
| SANDERSON FARMS INC | [SAFM](https://holderbook.com/stocks/SAFM/) | $2.5M | 25,090 | 1.2% | 1 |
| UMB FINL CORP | [UMBF](https://holderbook.com/stocks/UMBF/) | $2.5M | 40,840 | 1.2% | 1 |
| ARCBEST CORP | [ARCB](https://holderbook.com/stocks/ARCB/) | $2.4M | 71,280 | 1.2% | 1 |
| FTI CONSULTING INC | [FCN](https://holderbook.com/stocks/FCN/) | $2.4M | 36,100 | 1.1% | 1 |
| CHATHAM LODGING TR | [CLDT](https://holderbook.com/stocks/CLDT/) | $2.4M | 135,966 | 1.1% | 1 |
| INTERNATIONAL BANCSHARES COR | [IBOC](https://holderbook.com/stocks/IBOC/) | $2.4M | 69,720 | 1.1% | 1 |
| PROGRESS SOFTWARE CORP | [PRGS](https://holderbook.com/stocks/PRGS/) | $2.4M | 67,327 | 1.1% | 1 |
| RAYONIER INC | [RYN](https://holderbook.com/stocks/RYN/) | $2.4M | 85,850 | 1.1% | 1 |
| STAG INDUSTRIAL INC | [STAG](https://holderbook.com/stocks/STAG/) | $2.4M | 95,520 | 1.1% | 1 |
| GRAY MEDIA INC | [GTN](https://holderbook.com/stocks/GTN/) | $2.4M | 160,852 | 1.1% | 1 |
| KNOWLES CORP | [KN](https://holderbook.com/stocks/KN/) | $2.4M | 177,960 | 1.1% | 1 |
| APOLLO COML REAL ESTATE FIN | [ARI](https://holderbook.com/stocks/ARI/) | $2.4M | 141,210 | 1.1% | 1 |
| ASSURED GUARANTY LTD | [AGO](https://holderbook.com/stocks/AGO/) | $2.3M | 61,320 | 1.1% | 1 |
| LADDER CAP CORP | [LADR](https://holderbook.com/stocks/LADR/) | $2.3M | 151,340 | 1.1% | 1 |
| WINTRUST FINL CORP | [WTFC](https://holderbook.com/stocks/WTFC/) | $2.3M | 35,200 | 1.1% | 1 |
| PIPER SANDLER COMPANIES | [PIPRXXXX](https://holderbook.com/stocks/PIPRXXXX/) | $2.3M | 35,510 | 1.1% | 1 |
| INTEGER HLDGS CORP | [ITGR](https://holderbook.com/stocks/ITGR/) | $2.3M | 30,516 | 1.1% | 1 |
| WALKER & DUNLOP INC | [WD](https://holderbook.com/stocks/WD/) | $2.3M | 53,559 | 1.1% | 1 |
| LXP INDUSTRIAL TRUST | [LXPXXXX](https://holderbook.com/stocks/LXPXXXX/) | $2.3M | 280,287 | 1.1% | 1 |
| TAYLOR MORRISON HOME CORP | [TMHC](https://holderbook.com/stocks/TMHC/) | $2.3M | 144,535 | 1.1% | 1 |
| BANKUNITED INC | [BKU](https://holderbook.com/stocks/BKU/) | $2.3M | 76,518 | 1.1% | 1 |
| STEPAN CO | [SCL](https://holderbook.com/stocks/SCL/) | $2.2M | 30,278 | 1.1% | 1 |
| REGAL REXNORD CORPORATION | [RRX](https://holderbook.com/stocks/RRX/) | $2.2M | 31,750 | 1.1% | 1 |
| ARRAY DIGITAL INFRASTRUCTURE | [AD](https://holderbook.com/stocks/AD/) | $2.2M | 42,490 | 1.0% | 1 |
| ESSENT GROUP LTD | [ESNT](https://holderbook.com/stocks/ESNT/) | $2.2M | 64,210 | 1.0% | 1 |
| SABRA HEALTH CARE REIT INC | [SBRA](https://holderbook.com/stocks/SBRA/) | $2.2M | 133,120 | 1.0% | 1 |
| ELECTRONICS FOR IMAGING INC | [EFII](https://holderbook.com/stocks/EFII/) | $2.2M | 88,233 | 1.0% | 1 |
| ENERGIZER HLDGS INC | [ENR](https://holderbook.com/stocks/ENR/) | $2.2M | 48,400 | 1.0% | 1 |
| HANCOCK WHITNEY CORPORATION | [HWC](https://holderbook.com/stocks/HWC/) | $2.2M | 62,160 | 1.0% | 1 |
| DIODES INC | [DIOD](https://holderbook.com/stocks/DIOD/) | $2.1M | 65,352 | 1.0% | 1 |
| IBERIABANK CORP | [IBKC](https://holderbook.com/stocks/IBKC/) | $2.1M | 32,670 | 1.0% | 1 |
| SILGAN HLDGS INC | [SLGN](https://holderbook.com/stocks/SLGN/) | $2.1M | 88,520 | 1.0% | 1 |
| FLAGSTAR BANCORP INC | [FBC](https://holderbook.com/stocks/FBC/) | $2.1M | 78,886 | 1.0% | 1 |
| SIMMONS FIRST NATL CORP | [SFNC](https://holderbook.com/stocks/SFNC/) | $2.1M | 85,260 | 1.0% | 1 |
| STRATEGY INC | [MSTR](https://holderbook.com/stocks/MSTR/) | $2.1M | 16,060 | 1.0% | 1 |
| SANMINA CORP | [SANM](https://holderbook.com/stocks/SANM/) | $2.1M | 85,260 | 1.0% | 1 |
| COPT DEFENSE PROPERTIES | [CDP](https://holderbook.com/stocks/CDP/) | $2.0M | 96,540 | 1.0% | 1 |
| MARCUS CORP DEL | [MCS](https://holderbook.com/stocks/MCS/) | $2.0M | 51,030 | 1.0% | 1 |
| REXNORD CORP | [RXN](https://holderbook.com/stocks/RXN/) | $2.0M | 86,500 | 0.9% | 1 |
| WSFS FINL CORP | [WSFS](https://holderbook.com/stocks/WSFS/) | $2.0M | 51,695 | 0.9% | 1 |
| FIRST INTST BANCSYSTEM INC | [FIBK](https://holderbook.com/stocks/FIBK/) | $1.9M | 53,160 | 0.9% | 1 |
| UNITED CMNTY BKS BLAIRSVLE G | [UCB](https://holderbook.com/stocks/UCB/) | $1.9M | 90,052 | 0.9% | 1 |
| HEARTLAND FINL USA INC | [HTLF](https://holderbook.com/stocks/HTLF/) | $1.9M | 43,700 | 0.9% | 1 |
| GLOBAL NET LEASE INC | [GNL](https://holderbook.com/stocks/GNL/) | $1.9M | 106,996 | 0.9% | 1 |
| NPK INTERNATIONAL INC | [NPKI](https://holderbook.com/stocks/NPKI/) | $1.9M | 271,625 | 0.9% | 1 |
| WHITING PETE CORP NEW | [WLLXXXX](https://holderbook.com/stocks/WLLXXXX/) | $1.8M | 80,268 | 0.9% | 1 |
| SCHNITZER STEEL INDS INC | [RDUS](https://holderbook.com/stocks/RDUS/) | $1.8M | 82,149 | 0.8% | 1 |
| ECHO GLOBAL LOGISTICS INC | [ECHO](https://holderbook.com/stocks/ECHO/) | $1.8M | 86,613 | 0.8% | 1 |
| INTERFACE INC | [TILE](https://holderbook.com/stocks/TILE/) | $1.8M | 123,320 | 0.8% | 1 |
| GANNETT CO INC | [GCIXXXX](https://holderbook.com/stocks/GCIXXXX/) | $1.7M | 200,092 | 0.8% | 1 |
| DENNYS CORP | [DENN](https://holderbook.com/stocks/DENN/) | $1.7M | 102,380 | 0.8% | 1 |
| MARINEMAX INC | [HZO](https://holderbook.com/stocks/HZO/) | $1.6M | 88,413 | 0.8% | 1 |
| HELIX ENERGY SOLUTIONS GRP I | [HLX](https://holderbook.com/stocks/HLX/) | $1.6M | 287,390 | 0.7% | 1 |
| PROVIDENCE SVC CORP | [PRSC](https://holderbook.com/stocks/PRSC/) | $1.5M | 25,100 | 0.7% | 1 |
| H2O AMERICA | [HTO](https://holderbook.com/stocks/HTO/) | $1.5M | 26,961 | 0.7% | 1 |
| TOWER INTL INC | [TOWR](https://holderbook.com/stocks/TOWR/) | $1.5M | 62,656 | 0.7% | 1 |
| EXTERRAN CORP | [EXTN](https://holderbook.com/stocks/EXTN/) | $1.5M | 82,684 | 0.7% | 1 |
| MINERALS TECHNOLOGIES INC | [MTX](https://holderbook.com/stocks/MTX/) | $1.5M | 28,397 | 0.7% | 1 |
| UNIT CORP | [UNTCQ](https://holderbook.com/stocks/UNTCQ/) | $1.4M | 101,335 | 0.7% | 1 |
| MANTECH INTL CORP | [MANT](https://holderbook.com/stocks/MANT/) | $1.4M | 26,331 | 0.7% | 1 |
| AMAG PHARMACEUTICALS INC | [AMAG](https://holderbook.com/stocks/AMAG/) | $1.4M | 89,910 | 0.6% | 1 |
| TRICO BANCSHARES | [TCBK](https://holderbook.com/stocks/TCBK/) | $1.4M | 40,239 | 0.6% | 1 |
| ETHAN ALLEN INTERIORS INC | [ETD](https://holderbook.com/stocks/ETD/) | $1.3M | 76,530 | 0.6% | 1 |
| ANIKA THERAPEUTICS INC | [ANIK](https://holderbook.com/stocks/ANIK/) | $1.3M | 39,950 | 0.6% | 1 |
| BRAEMAR HOTELS & RESORTS INC | [BHR](https://holderbook.com/stocks/BHR/) | $1.3M | 149,220 | 0.6% | 1 |
| RAMBUS INC DEL | [RMBS](https://holderbook.com/stocks/RMBS/) | $1.3M | 171,420 | 0.6% | 1 |
| TRIMAS CORP | [TRS](https://holderbook.com/stocks/TRS/) | $1.3M | 47,350 | 0.6% | 1 |
| CBIZ INC | [CBZ](https://holderbook.com/stocks/CBZ/) | $1.3M | 65,520 | 0.6% | 1 |
| CENTRAL PAC FINL CORP | [CPF](https://holderbook.com/stocks/CPF/) | $1.3M | 52,430 | 0.6% | 1 |
| HABIT RESTAURANTS INC | [HABT](https://holderbook.com/stocks/HABT/) | $1.3M | 120,780 | 0.6% | 1 |
| BANCFIRST CORP | [BANF](https://holderbook.com/stocks/BANF/) | $1.3M | 25,394 | 0.6% | 1 |
| GULFPORT ENERGY CORP | [GPORQ](https://holderbook.com/stocks/GPORQ/) | $1.3M | 192,900 | 0.6% | 1 |
| COHU INC | [COHU](https://holderbook.com/stocks/COHU/) | $1.3M | 78,450 | 0.6% | 1 |
| ANYWHERE REAL ESTATE INC | [HOUS](https://holderbook.com/stocks/HOUS/) | $1.2M | 84,380 | 0.6% | 1 |
| BANCORP INC DEL | [TBBK](https://holderbook.com/stocks/TBBK/) | $1.2M | 155,409 | 0.6% | 1 |
| CONNS INC | [CONNQ](https://holderbook.com/stocks/CONNQ/) | $1.2M | 64,584 | 0.6% | 1 |
| MTS SYS CORP | [MTSC](https://holderbook.com/stocks/MTSC/) | $1.2M | 29,080 | 0.6% | 1 |
| ON DECK CAP INC | [ONDK](https://holderbook.com/stocks/ONDK/) | $1.1M | 191,050 | 0.5% | 1 |
| NATIONAL BK HLDGS CORP | [NBHC](https://holderbook.com/stocks/NBHC/) | $1.1M | 35,940 | 0.5% | 1 |
| INDEPENDENT BK CORP MICH | [IBCP](https://holderbook.com/stocks/IBCP/) | $1.0M | 49,890 | 0.5% | 1 |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2018 | $210.9M | 108 |