Pennant Capital Management’s NVR NVR Stock Holding History

Pennant Capital Management’s Portfolio NVR Stock Details NVR Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-39,020	Closed	-$64M	–	44
2016 Q3	$64M	Sell	39,020 -26,840	-41%	-$45.7M	2.24%	19
2016 Q2	$117M	Sell	65,860 -3,500	-5%	-$5.98M	3.01%	12
2016 Q1	$120M	Sell	69,360 -11,667	-14%	-$18.9M	3.43%	15
2015 Q4	$133M	Sell	81,027 -80,710	-50%	-$132M	3.39%	12
2015 Q3	$247M	Sell	161,737 -28,315	-15%	-$42.3M	5.21%	4
2015 Q2	$255M	Sell	190,052 -9,000	-5%	-$12.1M	5.06%	4
2015 Q1	$264M	Sell	199,052 -20,750	-9%	-$27.2M	4.95%	4
2014 Q4	$280M	Sell	219,802 -7,000	-3%	-$8.48M	5.26%	5
2014 Q3	$256M	Hold	226,802	–	–	4.49%	7
2014 Q2	$261M	Sell	226,802 -19,000	-8%	-$21.2M	4.68%	6
2014 Q1	$282M	Hold	245,802	–	–	4.8%	3
2013 Q4	$252M	Sell	245,802 -7,700	-3%	-$7.31M	4.32%	5
2013 Q3	$233M	Sell	253,502 -5,800	-2%	-$5.25M	4.18%	6
2013 Q2	$239M	Buy	+259,302	New	+$258M	4.45%	4

Other funds holding NVR

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Manulife (Manufacturers Life Insurance) Canada, Ontario, Canada $116B AUM 26.37% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

Wellington Management Group Boston, Massachusetts $535B AUM 26.23% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

IAM

Impala Asset Management Palm Beach, Florida $215M AUM 86.77% 1-Year Est. Return

Victory Capital Management San Antonio, Texas $156B AUM 27.51% 1-Year Est. Return

SCM

Smead Capital Management Phoenix, Arizona $4.6B AUM 27.56% 1-Year Est. Return

Pennant Capital Management's NVR Position: Q4 2016 in Review

Pennant Capital Management sold out of NVR (NVR) in Q4 2016, closing a stake of 39,020 shares — an estimated $64M sold.

Pennant Capital Management first reported a position in NVR in Q2 2013 and held it in 14 quarters. The position peaked at $282M in Q1 2014. 293 funds tracked by Wall St. Rank hold NVR as of Q4 2016.

Pennant Capital Management reported no remaining NVR position as of Q4 2016 after selling out during the quarter.
Pennant Capital Management sold 39,020 NVR shares in Q4 2016, an estimated $64M.
Pennant Capital Management first reported a position in NVR in Q2 2013 and held it in 14 quarters.
Pennant Capital Management's NVR position peaked at $282M in Q1 2014.
293 funds tracked by Wall St. Rank held NVR as of Q4 2016.

Based on Pennant Capital Management's 13F filing for Q4 2016, filed 14 Feb 2017.