PCM
MIK

Pennant Capital Management’s Michaels Stores, Inc MIK Stock Holding History

Pennant Capital Management’s Portfolio MIK Stock Details MIK Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2017
Q4 		– Sell
-2,529,808
Closed -$54.3M – 48
2017
Q3 		$54.3M Sell
2,529,808
-1,559,852
-38% -$31.8M 3.34% 13
2017
Q2 		$75.7M Buy
4,089,660
+1,207,701
+42% +$25.1M 4.45% 6
2017
Q1 		$64.5M Sell
2,881,959
-772,162
-21% -$16.2M 3.06% 14
2016
Q4 		$74.7M Buy
+3,654,121
New +$84.9M 2.91% 11

Other funds holding MIK

BCI
Bain Capital Investors Boston, Massachusetts $3.27B AUM 3.23% 1-Year Est. Return
Blackstone Inc
Blackstone Inc New York $25.6B AUM 26.83% 1-Year Est. Return
T. Rowe Price Associates
T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return
HCM
Highfields Capital Management Boston, Massachusetts $68.3M AUM 21.64% 1-Year Est. Return
BlackRock
BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return
Vanguard Group
Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return
AllianceBernstein
AllianceBernstein Nashville, Tennessee $309B AUM 23.92% 1-Year Est. Return
William Blair Investment Management
William Blair Investment Management Chicago, Illinois $30.3B AUM 33.75% 1-Year Est. Return
Massachusetts Financial Services
Massachusetts Financial Services Boston, Massachusetts $298B AUM 21.96% 1-Year Est. Return
GCM
Glenview Capital Management New York $3.98B AUM 20.52% 1-Year Est. Return

Pennant Capital Management's MIK Position: Q4 2017 in Review

Pennant Capital Management sold out of Michaels Stores, Inc (MIK) in Q4 2017, closing a stake of 2,529,808 shares — an estimated $54.3M sold.

Pennant Capital Management first reported a position in MIK in Q4 2016 and held it in 4 quarters. The position peaked at $75.7M in Q2 2017. 272 funds tracked by Wall St. Rank hold MIK as of Q4 2017.

  • Pennant Capital Management reported no remaining Michaels Stores, Inc position as of Q4 2017 after selling out during the quarter.
  • Pennant Capital Management sold 2,529,808 Michaels Stores, Inc shares in Q4 2017, an estimated $54.3M.
  • Pennant Capital Management first reported a position in Michaels Stores, Inc in Q4 2016 and held it in 4 quarters.
  • Pennant Capital Management's Michaels Stores, Inc position peaked at $75.7M in Q2 2017.
  • 272 funds tracked by Wall St. Rank held Michaels Stores, Inc as of Q4 2017.

Based on Pennant Capital Management's 13F filing for Q4 2017, filed 15 Feb 2018.