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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
+5.82%
1 Year Est. Return
+19.37%
3 Year Est. Return
+35.16%
5 Year Est. Return
+101.64%
10 Year Est. Return
–
AUM
$5.33B
AUM Growth
-$383M
(-6.7%)
Cap. Flow
-$534M
Cap. Flow
% of AUM
-10.03%
Top 10 Holdings %
Top 10 Hldgs %
53.24%
Holding
48
New
6
Increased
10
Reduced
14
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
General Motors
GM
|
+$68.7M |
| 2 |
Cheniere Energy
LNG
|
+$62.7M |
| 3 |
Signet Jewelers
SIG
|
+$47.5M |
| 4 |
Acadia Healthcare
ACHC
|
+$46M |
| 5 |
WCG
Wellcare Health Plans, Inc.
WCG
|
+$37.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EPAM Systems
EPAM
|
+$95.5M |
| 2 |
Sensata Technologies
ST
|
+$90.7M |
| 3 |
ASNA
Ascena Retail Group, Inc.
ASNA
|
+$69.7M |
| 4 |
TransDigm Group
TDG
|
+$45.3M |
| 5 |
DaVita
DVA
|
+$36.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 28.71% |
| 2 | Industrials | 16.96% |
| 3 | Energy | 11.19% |
| 4 | Healthcare | 11.19% |
| 5 | Materials | 5.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CQH
26
DELISTED
Cheniere Energy Partners LP Holdings LLC
CQH
| $60.6M | 1.14% |
2,690,300
| – | – |
|
|
27
Acadia Healthcare
ACHC
$2.85B
| $48.4M | 0.91% |
+790,000
| New | +$46M |
|
|
TMHC
28
DELISTED
Taylor Morrison
TMHC
| $47.4M | 0.89% |
2,510,407
| – | – |
|
|
GRUB
29
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $30.3M | 0.57% |
417,500
| – | – |
|
|
USAP
30
DELISTED
Universal Stainless & Alloy
USAP
| $28.7M | 0.54% |
1,143,021
| – | – |
|
31
United Airlines
UAL
$41.7B
| $26.1M | 0.49% |
+390,000
| New | +$21.6M |
|
32
American Airlines Group
AAL
$10.6B
| $25.7M | 0.48% |
+480,000
| New | +$20.7M |
|
33
Delta Air Lines
DAL
$60.2B
| $25.3M | 0.48% |
+515,000
| New | +$21.7M |
|
34
Canadian Natural Resources
CNQ
$96.7B
| $23.9M | 0.45% |
1,603,123
-82,742
| -5% | -$1.35M |
|
35
Fluor
FLR
$7.01B
| $21.5M | 0.4% |
355,000
-45,000
| -11% | -$2.84M |
|
|
BRCM
36
DELISTED
BROADCOM CORP CL-A
BRCM
| $20.8M | 0.39% |
480,000
-116,500
| -20% | -$4.77M |
|
37
Amgen
AMGN
$204B
| $20.2M | 0.38% |
127,000
-33,000
| -21% | -$5.14M |
|
|
IPXL
38
DELISTED
Impax Laboratories, Inc.
IPXL
| $16.9M | 0.32% |
+533,100
| New | +$15.6M |
|
39
Devon Energy
DVN
$51.4B
| $14.1M | 0.27% |
231,000
-65,000
| -22% | -$3.94M |
|
40
KBR
KBR
$4.68B
| $11.7M | 0.22% |
690,000
+30,000
| +5% | +$538K |
|
|
CTXS
41
DELISTED
Citrix Systems Inc
CTXS
| $3.96M | 0.07% |
77,880
+21,349
| +38% | +$1.1M |
|
|
MDR
42
DELISTED
McDermott International
MDR
| $2.91M | 0.05% |
333,333
-106,667
| -24% | -$1.2M |
|
|
43
EPAM Systems
EPAM
$5.6B
| – | – |
-2,181,767
| Closed | -$95.5M |
|
44
PUT
iShares Russell 2000 ETF
IWM
$81.5B
| – | – |
-4,500,000
| Closed | -$492M |
|
45
Petrobras Class A
PBR.A
$109B
| – | – |
-1,230,000
| Closed | -$18.3M |
|
|
46
Sensata Technologies
ST
$6.81B
| – | – |
-2,037,890
| Closed | -$90.7M |
|
|
ASNA
47
DELISTED
Ascena Retail Group, Inc.
ASNA
| – | – |
-262,179
| Closed | -$69.7M |
|
|
VVUS
48
DELISTED
Vivus Inc
VVUS
| – | – |
-62,000
| Closed | -$2.39M |
|
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Pennant Capital Management's Q4 2014 Portfolio in Review
As of Q4 2014, Pennant Capital Management held 48 positions worth $5.33B, down 6.7% from $5.71B the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Pennant Capital Management withdrew a net $534M in Q4 2014, closing 6 positions and reducing 14 holdings. Its most notable exit was EPAM Systems, an estimated $95.5M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 29% of assets, up from 23% a quarter earlier, followed by Industrials and Energy.
Against the trend, Pennant Capital Management opened a new position in General Motors worth $75.1M.
- Pennant Capital Management's largest Q4 2014 buy was General Motors: 2,150,000 shares worth $75.1M.
- Pennant Capital Management added most to Cheniere Energy in Q4 2014, an estimated $62.7M increase.
- Pennant Capital Management's biggest Q4 2014 reduction was TransDigm Group, cutting an estimated $45.3M.
- Pennant Capital Management fully exited EPAM Systems in Q4 2014, selling an estimated $95.5M.
- Pennant Capital Management's ten largest holdings make up 53% of its $5.33B portfolio in Q4 2014.
- Pennant Capital Management opened 6 new positions and closed 6 in Q4 2014.
- Pennant Capital Management's portfolio value fell 6.7% quarter-over-quarter to $5.33B.
Based on Pennant Capital Management's 13F filing for Q4 2014, filed 17 Feb 2015.