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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
-0.98%
1 Year Est. Return
+19.37%
3 Year Est. Return
+35.16%
5 Year Est. Return
+101.64%
10 Year Est. Return
–
AUM
$5.71B
AUM Growth
+$129M
(+2.3%)
Cap. Flow
+$247M
Cap. Flow
% of AUM
4.33%
Top 10 Holdings %
Top 10 Hldgs %
51.16%
Holding
46
New
3
Increased
13
Reduced
14
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
WCG
Wellcare Health Plans, Inc.
WCG
|
+$171M |
| 2 |
ONIT
Onity Group
ONIT
|
+$117M |
| 3 |
Perrigo
PRGO
|
+$68.6M |
| 4 |
INFO
IHS Markit Ltd. Common Shares
INFO
|
+$64M |
| 5 |
Middleby
MIDD
|
+$41.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cognizant
CTSH
|
+$162M |
| 2 |
Owens Corning
OC
|
+$131M |
| 3 |
American International
AIG
|
+$106M |
| 4 |
Cheniere Energy
LNG
|
+$76.2M |
| 5 |
Booking.com
BKNG
|
+$70.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 22.5% |
| 2 | Industrials | 15.94% |
| 3 | Energy | 9.95% |
| 4 | Healthcare | 9.85% |
| 5 | Technology | 6.86% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MFRM
26
DELISTED
MATTRESS FIRM HLDG CORP COM STK (DE)
MFRM
| $87.7M | 1.54% |
1,460,121
+95,609
| +7% | +$5.18M |
|
|
ASNA
27
DELISTED
Ascena Retail Group, Inc.
ASNA
| $69.7M | 1.22% |
262,179
-126,906
| -33% | -$41.6M |
|
|
CQH
28
DELISTED
Cheniere Energy Partners LP Holdings LLC
CQH
| $65.8M | 1.15% |
2,690,300
| – | – |
|
|
INFO
29
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $59M | 1.03% |
+2,525,000
| New | +$64M |
|
|
TMHC
30
DELISTED
Taylor Morrison
TMHC
| $40.7M | 0.71% |
2,510,407
| – | – |
|
31
Canadian Natural Resources
CNQ
$96.7B
| $31.7M | 0.55% |
1,685,865
+72,399
| +4% | +$1.49M |
|
|
USAP
32
DELISTED
Universal Stainless & Alloy
USAP
| $30.1M | 0.53% |
1,143,021
| – | – |
|
|
GRUB
33
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $28.6M | 0.5% |
417,500
| – | – |
|
34
Fluor
FLR
$7.01B
| $26.7M | 0.47% |
400,000
+21,000
| +6% | +$1.54M |
|
|
BRCM
35
DELISTED
BROADCOM CORP CL-A
BRCM
| $24.1M | 0.42% |
596,500
-133,500
| -18% | -$5.19M |
|
36
Amgen
AMGN
$204B
| $22.5M | 0.39% |
160,000
-76,000
| -32% | -$9.92M |
|
37
Devon Energy
DVN
$51.4B
| $20.2M | 0.35% |
296,000
+96,000
| +48% | +$7.14M |
|
38
Petrobras Class A
PBR.A
$109B
| $18.3M | 0.32% |
1,230,000
+80,000
| +7% | +$1.42M |
|
39
KBR
KBR
$4.68B
| $12.4M | 0.22% |
660,000
+260,000
| +65% | +$5.64M |
|
|
MDR
40
DELISTED
McDermott International
MDR
| $7.55M | 0.13% |
440,000
| – | – |
|
|
CTXS
41
DELISTED
Citrix Systems Inc
CTXS
| $3.21M | 0.06% |
56,531
-253,652
| -82% | -$13.8M |
|
|
VVUS
42
DELISTED
Vivus Inc
VVUS
| $2.39M | 0.04% |
62,000
+3,000
| +5% | +$134K |
|
|
43
American International
AIG
$41.8B
| – | – |
-1,945,554
| Closed | -$106M |
|
|
44
Cognizant
CTSH
$24.9B
| – | – |
-3,317,300
| Closed | -$162M |
|
45
Huntington Ingalls Industries
HII
$12.8B
| – | – |
-511,703
| Closed | -$48.4M |
|
|
46
Owens Corning
OC
$11.5B
| – | – |
-3,397,100
| Closed | -$131M |
|
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Pennant Capital Management's Q3 2014 Portfolio in Review
As of Q3 2014, Pennant Capital Management held 46 positions worth $5.71B, up 2.3% from $5.58B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Pennant Capital Management deployed $247M of net new capital in Q3 2014, opening 3 new positions and adding to 13 existing holdings. Its largest new stake was Wellcare Health Plans, Inc.: 2,572,335 shares worth $155M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 23% of assets, down from 25% a quarter earlier, followed by Industrials and Energy.
On the sell side, the largest reduction was Cheniere Energy, an estimated $76.2M trimmed.
- Pennant Capital Management's largest Q3 2014 buy was Wellcare Health Plans, Inc.: 2,572,335 shares worth $155M.
- Pennant Capital Management added most to Onity Group in Q3 2014, an estimated $117M increase.
- Pennant Capital Management's biggest Q3 2014 reduction was Cheniere Energy, cutting an estimated $76.2M.
- Pennant Capital Management fully exited Cognizant in Q3 2014, selling an estimated $162M.
- Pennant Capital Management's ten largest holdings make up 51% of its $5.71B portfolio in Q3 2014.
- Pennant Capital Management opened 3 new positions and closed 4 in Q3 2014.
- Pennant Capital Management's portfolio value rose 2.3% quarter-over-quarter to $5.71B.
Based on Pennant Capital Management's 13F filing for Q3 2014, filed 14 Nov 2014.