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Penn Capital Management Portfolio holdings

AUM $1.58B
1-Year Est. Return 81.2%
This Fund
S&P 500
This Quarter Est. Return
-6.83%
1 Year Est. Return
+81.2%
3 Year Est. Return
+181.03%
5 Year Est. Return
+213.86%
10 Year Est. Return
+1,021.69%
AUM
$2.39B
AUM Growth
-$187M
Cap. Flow
-$108M
Cap. Flow %
-4.53%
Top 10 Hldgs %
13.5%
Holding
307
New
35
Increased
76
Reduced
137
Closed
25

Top Buys

Rank Stock Value
1
HA
Hawaiian Holdings, Inc.
HA
+$21.1M
2
GDP
GOODRICH PETROLEUM CORP(NEW)
GDP
+$20M
3
RHP icon
Ryman Hospitality Properties
RHP
+$17.7M
4
RMBS icon
Rambus
RMBS
+$15.5M
5
MTW icon
Manitowoc
MTW
+$14.5M

Top Sells

Rank Stock Value
1
SAVE
Spirit Airlines, Inc.
SAVE
+$23.9M
2
AWI icon
Armstrong World Industries
AWI
+$21.2M
3
KEG
KEY ENERGY SERVICES INC
KEG
+$20.7M
4
HERO
HERCULES OFFSHORE INC COM STK
HERO
+$16.3M
5
PIR
Pier 1 Imports, Inc.
PIR
+$13.2M

Sector Composition

Rank Sector Weight
1 Technology 13.06%
2 Consumer Discretionary 11.68%
3 Financials 11.49%
4 Industrials 10.16%
5 Energy 8.03%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PGEM
276
DELISTED
Ply Gem Holdings, Inc.
PGEM
– –
-459,372
Closed -$4.64M
CIT
277
DELISTED
CIT Group Inc.
CIT
– –
-81,776
Closed -$3.74M
MPO
278
DELISTED
MIDSTATES PETE CO INC COM NEW
MPO
– –
-23,929
Closed -$1.73M
KEG
279
DELISTED
KEY ENERGY SERVICES INC
KEG
– –
-2,265,102
Closed -$20.7M
8 9 10 11
12

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Penn Capital Management's Q3 2014 Portfolio in Review

As of Q3 2014, Penn Capital Management held 307 positions worth $2.39B, down 7.3% from $2.58B the previous quarter. Its ten largest holdings account for 14% of the portfolio.

Penn Capital Management withdrew a net $108M in Q3 2014, closing 25 positions and reducing 137 holdings. Its most notable exit was Armstrong World Industries, an estimated $21.2M position sold in full.

By sector, the portfolio is most concentrated in Technology at 13% of assets, up from 12% a quarter earlier, followed by Consumer Discretionary and Financials.

Against the trend, Penn Capital Management opened a new position in Hawaiian Holdings, Inc. worth $19.6M.

  • Penn Capital Management's largest Q3 2014 buy was Hawaiian Holdings, Inc.: 1,460,834 shares worth $19.6M.
  • Penn Capital Management added most to GOODRICH PETROLEUM CORP(NEW) in Q3 2014, an estimated $20M increase.
  • Penn Capital Management's biggest Q3 2014 reduction was Spirit Airlines, Inc., cutting an estimated $23.9M.
  • Penn Capital Management fully exited Armstrong World Industries in Q3 2014, selling an estimated $21.2M.
  • Penn Capital Management's ten largest holdings make up 14% of its $2.39B portfolio in Q3 2014.
  • Penn Capital Management opened 35 new positions and closed 25 in Q3 2014.
  • Penn Capital Management's portfolio value fell 7.3% quarter-over-quarter to $2.39B.

Based on Penn Capital Management's 13F filing for Q3 2014, filed 14 Nov 2014.