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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
+5.43%
1 Year Est. Return
+19.37%
3 Year Est. Return
+35.16%
5 Year Est. Return
+101.64%
10 Year Est. Return
–
AUM
$5.88B
AUM Growth
+$39.5M
(+0.68%)
Cap. Flow
-$184M
Cap. Flow
% of AUM
-3.13%
Top 10 Holdings %
Top 10 Hldgs %
46.95%
Holding
50
New
2
Increased
17
Reduced
19
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Signet Jewelers
SIG
|
+$130M |
| 2 |
Marathon Petroleum
MPC
|
+$71.3M |
| 3 |
ONIT
Onity Group
ONIT
|
+$51M |
| 4 |
Bright Horizons
BFAM
|
+$47.7M |
| 5 |
Workday
WDAY
|
+$31.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TripAdvisor
TRIP
|
+$116M |
| 2 |
Dollar General
DG
|
+$63.7M |
| 3 |
Huntington Ingalls Industries
HII
|
+$60.6M |
| 4 |
Cheniere Energy
LNG
|
+$45.4M |
| 5 |
WCC
WESCO International
WCC
|
+$42.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 30.19% |
| 2 | Industrials | 21.07% |
| 3 | Energy | 13.18% |
| 4 | Technology | 10.46% |
| 5 | Consumer Staples | 6.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
TripAdvisor
TRIP
$1.69B
| $112M | 1.9% |
1,233,461
-1,269,993
| -51% | -$116M |
|
|
27
Dollar General
DG
$28.2B
| $89.9M | 1.53% |
1,620,140
-1,094,316
| -40% | -$63.7M |
|
28
EPAM Systems
EPAM
$5.6B
| $73.8M | 1.25% |
2,242,119
-139,003
| -6% | -$5.28M |
|
|
MFRM
29
DELISTED
MATTRESS FIRM HLDG CORP COM STK (DE)
MFRM
| $69.6M | 1.18% |
1,454,755
+189,547
| +15% | +$8.22M |
|
|
TMHC
30
DELISTED
Taylor Morrison
TMHC
| $59M | 1% |
2,510,407
+411,049
| +20% | +$9.28M |
|
31
Gaming and Leisure Properties
GLPI
$12.7B
| $50.2M | 0.85% |
1,376,623
+225,356
| +20% | +$8.53M |
|
32
Middleby
MIDD
$6.14B
| $48.7M | 0.83% |
552,888
-85,500
| -13% | -$7.46M |
|
|
USAP
33
DELISTED
Universal Stainless & Alloy
USAP
| $38.6M | 0.66% |
1,143,021
| – | – |
|
34
Canadian Natural Resources
CNQ
$96.7B
| $35.7M | 0.61% |
1,923,748
+127,836
| +7% | +$2.16M |
|
35
Forum Energy Technologies
FET
$791M
| $34.1M | 0.58% |
55,044
-4,250
| -7% | -$2.31M |
|
36
Fluor
FLR
$7.01B
| $32.3M | 0.55% |
415,000
+60,300
| +17% | +$4.7M |
|
|
BRCM
37
DELISTED
BROADCOM CORP CL-A
BRCM
| $24.9M | 0.42% |
790,000
+170,000
| +27% | +$5.12M |
|
38
Devon Energy
DVN
$51.4B
| $23.4M | 0.4% |
350,000
-99,000
| -22% | -$6.14M |
|
39
Amgen
AMGN
$204B
| $18.5M | 0.31% |
150,000
+80,000
| +114% | +$9.7M |
|
|
CQH
40
DELISTED
Cheniere Energy Partners LP Holdings LLC
CQH
| $16.8M | 0.29% |
+778,186
| New | +$15.2M |
|
|
CTXS
41
DELISTED
Citrix Systems Inc
CTXS
| $12.3M | 0.21% |
269,997
+185,858
| +221% | +$8.76M |
|
42
Petrobras Class A
PBR.A
$109B
| $8.32M | 0.14% |
600,000
-164,600
| -22% | -$2.03M |
|
|
MDR
43
DELISTED
McDermott International
MDR
| $8.05M | 0.14% |
343,333
+172,600
| +101% | +$4.34M |
|
|
VVUS
44
DELISTED
Vivus Inc
VVUS
| $3.5M | 0.06% |
59,000
+1,920
| +3% | +$137K |
|
45
Teva Pharmaceuticals
TEVA
$40.2B
| $2.64M | 0.04% |
50,000
-80,000
| -62% | -$3.7M |
|
46
Avis
CAR
$4.91B
| – | – |
-935,000
| Closed | -$37.8M |
|
47
Quest Diagnostics
DGX
$25.6B
| – | – |
-237,778
| Closed | -$12.7M |
|
48
Option Care Health
OPCH
$3.55B
| – | – |
-1,274,118
| Closed | -$37.7M |
|
|
ARX
49
DELISTED
Aeroflex Holding Corp (DE)
ARX
| – | – |
-1,505,843
| Closed | -$9.79M |
|
|
FWLT
50
DELISTED
FOSTER WHEELER AG (SWITZERLAND)
FWLT
| – | – |
-730,000
| Closed | -$24.1M |
|
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Pennant Capital Management's Q1 2014 Portfolio in Review
As of Q1 2014, Pennant Capital Management held 50 positions worth $5.88B, up 0.68% from $5.84B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Pennant Capital Management withdrew a net $184M in Q1 2014, closing 5 positions and reducing 19 holdings. Its most notable exit was Avis, an estimated $37.8M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 30% of assets, up from 27% a quarter earlier, followed by Industrials and Energy.
Against the trend, Pennant Capital Management opened a new position in Signet Jewelers worth $158M.
- Pennant Capital Management's largest Q1 2014 buy was Signet Jewelers: 1,488,785 shares worth $158M.
- Pennant Capital Management added most to Marathon Petroleum in Q1 2014, an estimated $71.3M increase.
- Pennant Capital Management's biggest Q1 2014 reduction was TripAdvisor, cutting an estimated $116M.
- Pennant Capital Management fully exited Avis in Q1 2014, selling an estimated $37.8M.
- Pennant Capital Management's ten largest holdings make up 47% of its $5.88B portfolio in Q1 2014.
- Pennant Capital Management opened 2 new positions and closed 5 in Q1 2014.
- Pennant Capital Management's portfolio value rose 0.68% quarter-over-quarter to $5.88B.
Based on Pennant Capital Management's 13F filing for Q1 2014, filed 15 May 2014.