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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
+2.46%
1 Year Est. Return
+19.37%
3 Year Est. Return
+35.16%
5 Year Est. Return
+101.64%
10 Year Est. Return
–
AUM
$5.58B
AUM Growth
-$296M
(-5%)
Cap. Flow
-$376M
Cap. Flow
% of AUM
-6.74%
Top 10 Holdings %
Top 10 Hldgs %
48.32%
Holding
50
New
5
Increased
13
Reduced
14
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
MON
Monsanto Co
MON
|
+$249M |
| 2 |
Gilead Sciences
GILD
|
+$161M |
| 3 |
Middleby
MIDD
|
+$76M |
| 4 |
Perrigo
PRGO
|
+$66.9M |
| 5 |
CQH
Cheniere Energy Partners LP Holdings LLC
CQH
|
+$45.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Huntington Ingalls Industries
HII
|
+$180M |
| 2 |
WBC
WABCO HOLDINGS INC.
WBC
|
+$155M |
| 3 |
MRC
MRC Global
MRC
|
+$133M |
| 4 |
Sally Beauty Holdings
SBH
|
+$129M |
| 5 |
TripAdvisor
TRIP
|
+$112M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 24.59% |
| 2 | Industrials | 18.48% |
| 3 | Energy | 10.96% |
| 4 | Technology | 10.96% |
| 5 | Healthcare | 9.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
EPAM Systems
EPAM
$5.51B
| $98.1M | 1.76% |
2,242,119
| – | – |
|
|
27
Perrigo
PRGO
$1.4B
| $68.8M | 1.23% |
+472,300
| New | +$66.9M |
|
|
CQH
28
DELISTED
Cheniere Energy Partners LP Holdings LLC
CQH
| $66.8M | 1.2% |
2,690,300
+1,912,114
| +246% | +$45.2M |
|
|
MFRM
29
DELISTED
MATTRESS FIRM HLDG CORP COM STK (DE)
MFRM
| $65.2M | 1.17% |
1,364,512
-90,243
| -6% | -$4.17M |
|
|
TMHC
30
DELISTED
Taylor Morrison
TMHC
| $56.3M | 1.01% |
2,510,407
| – | – |
|
|
31
Huntington Ingalls Industries
HII
$12.9B
| $48.4M | 0.87% |
511,703
-1,800,402
| -78% | -$180M |
|
|
USAP
32
DELISTED
Universal Stainless & Alloy
USAP
| $37.1M | 0.67% |
1,143,021
| – | – |
|
33
Canadian Natural Resources
CNQ
$99.4B
| $35.8M | 0.64% |
1,613,466
-310,282
| -16% | -$6.21M |
|
|
GRUB
34
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $29.6M | 0.53% |
+417,500
| New | +$28.1M |
|
35
Fluor
FLR
$7.01B
| $29.1M | 0.52% |
379,000
-36,000
| -9% | -$2.74M |
|
36
Amgen
AMGN
$208B
| $27.9M | 0.5% |
236,000
+86,000
| +57% | +$9.96M |
|
|
BRCM
37
DELISTED
BROADCOM CORP CL-A
BRCM
| $27.1M | 0.49% |
730,000
-60,000
| -8% | -$1.97M |
|
38
Petrobras Class A
PBR.A
$111B
| $18M | 0.32% |
1,150,000
+550,000
| +92% | +$8.49M |
|
39
Devon Energy
DVN
$52.1B
| $15.9M | 0.28% |
200,000
-150,000
| -43% | -$10.9M |
|
|
CTXS
40
DELISTED
Citrix Systems Inc
CTXS
| $15.4M | 0.28% |
310,183
+40,186
| +15% | +$1.93M |
|
|
MDR
41
DELISTED
McDermott International
MDR
| $10.7M | 0.19% |
440,000
+96,667
| +28% | +$2.12M |
|
42
KBR
KBR
$4.64B
| $9.54M | 0.17% |
+400,000
| New | +$10M |
|
|
VVUS
43
DELISTED
Vivus Inc
VVUS
| $3.14M | 0.06% |
59,000
| – | – |
|
44
Dollar General
DG
$28B
| – | – |
-1,620,140
| Closed | -$89.9M |
|
45
Forum Energy Technologies
FET
$708M
| – | – |
-55,044
| Closed | -$34.1M |
|
46
Gaming and Leisure Properties
GLPI
$12.7B
| – | – |
-1,376,623
| Closed | -$50.2M |
|
|
MRC
47
DELISTED
MRC Global
MRC
| – | – |
-4,931,187
| Closed | -$133M |
|
|
48
Sally Beauty Holdings
SBH
$1.43B
| – | – |
-4,700,217
| Closed | -$129M |
|
49
Teva Pharmaceuticals
TEVA
$40.8B
| – | – |
-50,000
| Closed | -$2.64M |
|
|
50
TripAdvisor
TRIP
$1.65B
| – | – |
-1,233,461
| Closed | -$112M |
|
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Pennant Capital Management's Q2 2014 Portfolio in Review
As of Q2 2014, Pennant Capital Management held 50 positions worth $5.58B, down 5% from $5.88B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Pennant Capital Management withdrew a net $376M in Q2 2014, closing 7 positions and reducing 14 holdings. Its most notable exit was MRC Global, an estimated $133M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 25% of assets, down from 30% a quarter earlier, followed by Industrials and Energy.
Against the trend, Pennant Capital Management opened a new position in Monsanto Co worth $266M.
- Pennant Capital Management's largest Q2 2014 buy was Monsanto Co: 2,129,251 shares worth $266M.
- Pennant Capital Management added most to Middleby in Q2 2014, an estimated $76M increase.
- Pennant Capital Management's biggest Q2 2014 reduction was Huntington Ingalls Industries, cutting an estimated $180M.
- Pennant Capital Management fully exited MRC Global in Q2 2014, selling an estimated $133M.
- Pennant Capital Management's ten largest holdings make up 48% of its $5.58B portfolio in Q2 2014.
- Pennant Capital Management opened 5 new positions and closed 7 in Q2 2014.
- Pennant Capital Management's portfolio value fell 5% quarter-over-quarter to $5.58B.
Based on Pennant Capital Management's 13F filing for Q2 2014, filed 14 Aug 2014.