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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
+14.04%
1 Year Est. Return
+19.37%
3 Year Est. Return
+35.16%
5 Year Est. Return
+101.64%
10 Year Est. Return
–
AUM
$5.84B
AUM Growth
+$258M
(+4.6%)
Cap. Flow
-$431M
Cap. Flow
% of AUM
-7.38%
Top 10 Holdings %
Top 10 Hldgs %
44.44%
Holding
53
New
6
Increased
10
Reduced
31
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ONIT
Onity Group
ONIT
|
+$173M |
| 2 |
Marathon Petroleum
MPC
|
+$132M |
| 3 |
Gaming and Leisure Properties
GLPI
|
+$54.7M |
| 4 |
EPAM Systems
EPAM
|
+$52.2M |
| 5 |
Avis
CAR
|
+$31.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Union Pacific
UNP
|
+$107M |
| 2 |
UnitedHealth
UNH
|
+$85.8M |
| 3 |
HF Sinclair
DINO
|
+$80.4M |
| 4 |
Dollar General
DG
|
+$68.6M |
| 5 |
DaVita
DVA
|
+$67.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 27.08% |
| 2 | Industrials | 22.29% |
| 3 | Energy | 13.35% |
| 4 | Technology | 10.49% |
| 5 | Consumer Staples | 6.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Bright Horizons
BFAM
$4.01B
| $111M | 1.91% |
3,030,800
+15,000
| +0.5% | +$539K |
|
|
27
EPAM Systems
EPAM
$5.6B
| $83.2M | 1.42% |
2,381,122
+1,460,000
| +159% | +$52.2M |
|
|
28
Gaming and Leisure Properties
GLPI
$12.7B
| $58.5M | 1% |
+1,151,267
| New | +$54.7M |
|
|
MFRM
29
DELISTED
MATTRESS FIRM HLDG CORP COM STK (DE)
MFRM
| $54.5M | 0.93% |
1,265,208
-391,129
| -24% | -$14M |
|
30
Middleby
MIDD
$6.14B
| $51M | 0.87% |
638,388
-196,500
| -24% | -$14.5M |
|
|
TMHC
31
DELISTED
Taylor Morrison
TMHC
| $47.1M | 0.81% |
2,099,358
+487,489
| +30% | +$10.5M |
|
|
USAP
32
DELISTED
Universal Stainless & Alloy
USAP
| $41.2M | 0.71% |
1,143,021
| – | – |
|
|
33
Avis
CAR
$4.91B
| $37.8M | 0.65% |
+935,000
| New | +$31.3M |
|
34
Option Care Health
OPCH
$3.55B
| $37.7M | 0.65% |
1,274,118
+388,143
| +44% | +$11M |
|
35
Forum Energy Technologies
FET
$791M
| $33.5M | 0.57% |
59,294
-11,345
| -16% | -$6.42M |
|
36
Canadian Natural Resources
CNQ
$96.7B
| $29.4M | 0.5% |
1,795,912
-62,883
| -3% | -$978K |
|
37
Fluor
FLR
$7.01B
| $28.5M | 0.49% |
354,700
-140,100
| -28% | -$10.7M |
|
38
Devon Energy
DVN
$51.4B
| $27.8M | 0.48% |
449,000
+64,000
| +17% | +$3.92M |
|
|
FWLT
39
DELISTED
FOSTER WHEELER AG (SWITZERLAND)
FWLT
| $24.1M | 0.41% |
730,000
-132,700
| -15% | -$3.88M |
|
|
BRCM
40
DELISTED
BROADCOM CORP CL-A
BRCM
| $18.4M | 0.31% |
620,000
-10,000
| -2% | -$272K |
|
41
Quest Diagnostics
DGX
$25.6B
| $12.7M | 0.22% |
237,778
-187,922
| -44% | -$11.1M |
|
42
Petrobras Class A
PBR.A
$109B
| $11.2M | 0.19% |
764,600
+162,400
| +27% | +$2.67M |
|
|
ARX
43
DELISTED
Aeroflex Holding Corp (DE)
ARX
| $9.79M | 0.17% |
1,505,843
-2,013,846
| -57% | -$14.2M |
|
44
Amgen
AMGN
$204B
| $7.99M | 0.14% |
70,000
-20,000
| -22% | -$2.28M |
|
45
Teva Pharmaceuticals
TEVA
$40.2B
| $5.21M | 0.09% |
+130,000
| New | +$5.12M |
|
|
VVUS
46
DELISTED
Vivus Inc
VVUS
| $5.18M | 0.09% |
57,080
-14,060
| -20% | -$1.36M |
|
|
MDR
47
DELISTED
McDermott International
MDR
| $4.69M | 0.08% |
170,733
+4,900
| +3% | +$115K |
|
|
CTXS
48
DELISTED
Citrix Systems Inc
CTXS
| $4.24M | 0.07% |
+84,139
| New | +$4.01M |
|
|
49
HF Sinclair
DINO
$15.8B
| – | – |
-1,909,000
| Closed | -$80.4M |
|
50
Occidental Petroleum
OXY
$55.2B
| – | – |
-83,502
| Closed | -$7.48M |
|
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Pennant Capital Management's Q4 2013 Portfolio in Review
As of Q4 2013, Pennant Capital Management held 53 positions worth $5.84B, up 4.6% from $5.58B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
Pennant Capital Management withdrew a net $431M in Q4 2013, closing 5 positions and reducing 31 holdings. Its most notable exit was Union Pacific, an estimated $107M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 27% of assets, down from 29% a quarter earlier, followed by Industrials and Energy.
Against the trend, Pennant Capital Management opened a new position in Onity Group worth $174M.
- Pennant Capital Management's largest Q4 2013 buy was Onity Group: 209,779 shares worth $174M.
- Pennant Capital Management added most to EPAM Systems in Q4 2013, an estimated $52.2M increase.
- Pennant Capital Management's biggest Q4 2013 reduction was Dollar General, cutting an estimated $68.6M.
- Pennant Capital Management fully exited Union Pacific in Q4 2013, selling an estimated $107M.
- Pennant Capital Management's ten largest holdings make up 44% of its $5.84B portfolio in Q4 2013.
- Pennant Capital Management opened 6 new positions and closed 5 in Q4 2013.
- Pennant Capital Management's portfolio value rose 4.6% quarter-over-quarter to $5.84B.
Based on Pennant Capital Management's 13F filing for Q4 2013, filed 14 Feb 2014.