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Pennant Capital Management Portfolio holdings
AUM
$212M
1-Year Est. Return
19.37%
This Fund
S&P 500
This Quarter
Est. Return
+6.3%
1 Year Est. Return
+19.37%
3 Year Est. Return
+35.16%
5 Year Est. Return
+101.64%
10 Year Est. Return
–
AUM
$212M
AUM Growth
-$6.23M
(-2.9%)
Cap. Flow
-$15.4M
Cap. Flow
% of AUM
-7.27%
Top 10 Holdings %
Top 10 Hldgs %
73.56%
Holding
26
New
4
Increased
8
Reduced
5
Closed
6
Top Buys
| 1 |
NRG Energy
NRG
|
+$12.1M |
| 2 |
TransDigm Group
TDG
|
+$10.3M |
| 3 |
Amazon
AMZN
|
+$7.94M |
| 4 |
Antero Resources
AR
|
+$6.87M |
| 5 |
FG
FGL Holdings Ordinary Shares
FG
|
+$6.15M |
Top Sells
| 1 |
NXTM
NxStage Medical Inc.
NXTM
|
+$37.4M |
| 2 |
UPL
Ultra Petroleum Corp. Common Stock
UPL
|
+$9.59M |
| 3 |
TMH
Team Health Holdings Inc
TMH
|
+$9.15M |
| 4 |
CDK
CDK Global, Inc.
CDK
|
+$6.33M |
| 5 |
ZAYO
Zayo Group Holdings, Inc.
ZAYO
|
+$5.88M |
Sector Composition
| 1 | Technology | 23.77% |
| 2 | Industrials | 14.82% |
| 3 | Financials | 13.76% |
| 4 | Energy | 12.66% |
| 5 | Communication Services | 12.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
NRG Energy
NRG
$27.7B
| $21.5M | 10.14% |
700,000
+375,000
| +115% | +$12.1M |
|
|
2
TransDigm Group
TDG
$68.7B
| $19.4M | 9.17% |
56,270
+31,270
| +125% | +$10.3M |
|
|
3
Antero Resources
AR
$10.4B
| $18.1M | 8.57% |
850,000
+350,000
| +70% | +$6.87M |
|
|
CISN
4
DELISTED
Cision Ltd. Ordinary Share
CISN
| $17.9M | 8.47% |
1,200,000
| – | – |
|
|
ATH
5
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $15.3M | 7.24% |
350,000
-90,103
| -20% | -$4.22M |
|
6
Charter Communications
CHTR
$16.2B
| $14.7M | 6.92% |
50,000
+10,000
| +25% | +$2.87M |
|
|
FG
7
DELISTED
FGL Holdings Ordinary Shares
FG
| $13.8M | 6.51% |
1,645,000
+675,000
| +70% | +$6.15M |
|
8
ATI
ATI
$25.5B
| $12M | 5.66% |
477,000
+227,000
| +91% | +$6.14M |
|
9
Cognizant
CTSH
$20.8B
| $11.8M | 5.59% |
150,000
+30,000
| +25% | +$2.36M |
|
10
The Mosaic Company
MOS
$7.1B
| $11.2M | 5.3% |
400,000
+200,000
| +100% | +$5.43M |
|
11
Antero Midstream
AM
$10.8B
| $8.68M | 4.09% |
460,000
-50,000
| -10% | -$888K |
|
|
12
Amazon
AMZN
$2.67T
| $8.5M | 4.01% |
+100,000
| New | +$7.94M |
|
13
Corpay
CPAY
$23.9B
| $7.58M | 3.58% |
36,000
| – | – |
|
14
Conduent
CNDT
$242M
| $7.09M | 3.34% |
390,000
-142,800
| -27% | -$2.76M |
|
15
Meta Platforms (Facebook)
META
$1.63T
| $6.02M | 2.84% |
+31,000
| New | +$5.6M |
|
16
PTC
PTC
$14.4B
| $5.91M | 2.79% |
63,000
| – | – |
|
17
Alphabet (Google) Class A
GOOGL
$4.23T
| $5.65M | 2.66% |
+100,000
| New | +$5.44M |
|
18
Vistra
VST
$52.5B
| $2.37M | 1.12% |
+100,000
| New | +$2.3M |
|
|
NXTM
19
DELISTED
NxStage Medical Inc.
NXTM
| $2.18M | 1.03% |
78,000
-1,396,524
| -95% | -$37.4M |
|
|
USAP
20
DELISTED
Universal Stainless & Alloy
USAP
| $2.06M | 0.97% |
86,833
-51,178
| -37% | -$1.39M |
|
21
Dycom Industries
DY
$12.5B
| – | – |
-50,000
| Closed | -$5.38M |
|
22
Huntsman Corp
HUN
$2.08B
| – | – |
-200,000
| Closed | -$5.85M |
|
|
CDK
23
DELISTED
CDK Global, Inc.
CDK
| – | – |
-100,000
| Closed | -$6.33M |
|
|
ZAYO
24
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| – | – |
-172,129
| Closed | -$5.88M |
|
|
UPL
25
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| – | – |
-2,300,000
| Closed | -$9.59M |
|
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Pennant Capital Management's Q2 2018 Portfolio in Review
As of Q2 2018, Pennant Capital Management held 26 positions worth $212M, down 2.9% from $218M the previous quarter. Its ten largest holdings account for 74% of the portfolio.
Pennant Capital Management withdrew a net $15.4M in Q2 2018, closing 6 positions and reducing 5 holdings. Its most notable exit was Ultra Petroleum Corp. Common Stock, an estimated $9.59M position sold in full.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 21% a quarter earlier, followed by Industrials and Financials.
Against the trend, Pennant Capital Management opened a new position in Amazon worth $8.5M.
- Pennant Capital Management's largest Q2 2018 buy was Amazon: 100,000 shares worth $8.5M.
- Pennant Capital Management added most to NRG Energy in Q2 2018, an estimated $12.1M increase.
- Pennant Capital Management's biggest Q2 2018 reduction was NxStage Medical Inc., cutting an estimated $37.4M.
- Pennant Capital Management fully exited Ultra Petroleum Corp. Common Stock in Q2 2018, selling an estimated $9.59M.
- Pennant Capital Management's ten largest holdings make up 74% of its $212M portfolio in Q2 2018.
- Pennant Capital Management opened 4 new positions and closed 6 in Q2 2018.
- Pennant Capital Management's portfolio value fell 2.9% quarter-over-quarter to $212M.
Based on Pennant Capital Management's 13F filing for Q2 2018, filed 14 Aug 2018.