Pennant Capital Management’s Hostess Brands, Inc. Class A Common Stock TWNK Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q4	–	Sell	-789,045	Closed	-$10.8M	–	47
2017 Q3	$10.8M	Buy	789,045 +63,400	+9%	+$914K	0.66%	33
2017 Q2	$11.7M	Sell	725,645 -464,400	-39%	-$7.5M	0.69%	30
2017 Q1	$18.9M	Sell	1,190,045 -667,400	-36%	-$9.98M	0.89%	33
2016 Q4	$24.1M	Sell	1,857,445 -259,255	-12%	-$3.14M	0.94%	33
2016 Q3	$22.9M	Buy	+2,116,700	New	+$22.5M	0.8%	32

Other funds holding TWNK

Wellington Management Group Boston, Massachusetts $580B AUM 38.23% 1-Year Est. Return

Janus Henderson Group London $209B AUM 37.72% 1-Year Est. Return

NMIMC

Northwestern Mutual Investment Management Company Milwaukee, Wisconsin $8.53B AUM 25.12% 1-Year Est. Return

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

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Franklin Resources San Mateo, California $462B AUM 39.16% 1-Year Est. Return

DCM

Daruma Capital Management New York $879M AUM 2.11% 1-Year Est. Return

Victory Capital Management San Antonio, Texas $178B AUM 37.23% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $552B AUM 44.19% 1-Year Est. Return

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

Pennant Capital Management sold out of Hostess Brands, Inc. Class A Common Stock (TWNK) in Q4 2017, closing a stake of 789,045 shares — an estimated $10.8M sold.

Pennant Capital Management first reported a position in TWNK in Q3 2016 and held it in 5 quarters. The position peaked at $24.1M in Q4 2016. 158 funds tracked by Wall St. Rank hold TWNK as of Q4 2017.

Pennant Capital Management reported no remaining Hostess Brands, Inc. Class A Common Stock position as of Q4 2017 after selling out during the quarter.
Pennant Capital Management sold 789,045 Hostess Brands, Inc. Class A Common Stock shares in Q4 2017, an estimated $10.8M.
Pennant Capital Management first reported a position in Hostess Brands, Inc. Class A Common Stock in Q3 2016 and held it in 5 quarters.
Pennant Capital Management's Hostess Brands, Inc. Class A Common Stock position peaked at $24.1M in Q4 2016.
158 funds tracked by Wall St. Rank held Hostess Brands, Inc. Class A Common Stock as of Q4 2017.

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