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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
+7.93%
1 Year Est. Return
+19.37%
3 Year Est. Return
+35.16%
5 Year Est. Return
+101.64%
10 Year Est. Return
–
AUM
$5.34B
AUM Growth
+$10.3M
(+0.19%)
Cap. Flow
-$339M
Cap. Flow
% of AUM
-6.36%
Top 10 Holdings %
Top 10 Hldgs %
50.53%
Holding
48
New
6
Increased
10
Reduced
14
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Manitowoc
MTW
|
+$169M |
| 2 |
HOUS
Anywhere Real Estate
HOUS
|
+$124M |
| 3 |
General Motors
GM
|
+$72.6M |
| 4 |
Dollar Tree
DLTR
|
+$63.8M |
| 5 |
IPXL
Impax Laboratories, Inc.
IPXL
|
+$59.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gilead Sciences
GILD
|
+$202M |
| 2 |
Carter's
CRI
|
+$197M |
| 3 |
ONIT
Onity Group
ONIT
|
+$135M |
| 4 |
WCC
WESCO International
WCC
|
+$102M |
| 5 |
Terex
TEX
|
+$89.7M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 28.32% |
| 2 | Industrials | 18.33% |
| 3 | Energy | 8.85% |
| 4 | Healthcare | 8.72% |
| 5 | Consumer Staples | 7.36% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CQH
26
DELISTED
Cheniere Energy Partners LP Holdings LLC
CQH
| $64.5M | 1.21% |
2,690,300
| – | – |
|
|
INFO
27
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $62.7M | 1.17% |
2,330,800
-194,200
| -8% | -$5.13M |
|
28
American Airlines Group
AAL
$11B
| $57.5M | 1.08% |
1,089,000
+609,000
| +127% | +$30.9M |
|
29
Acadia Healthcare
ACHC
$3B
| $56.6M | 1.06% |
790,000
| – | – |
|
|
TMHC
30
DELISTED
Taylor Morrison
TMHC
| $52.3M | 0.98% |
2,510,407
| – | – |
|
31
Boston Scientific
BSX
$69.2B
| $51.1M | 0.96% |
+2,880,000
| New | +$45.5M |
|
|
SUNE
32
DELISTED
SUNEDISON, INC COM
SUNE
| $50.7M | 0.95% |
+2,111,535
| New | +$45.4M |
|
|
CST
33
DELISTED
CST Brands, Inc.
CST
| $45.3M | 0.85% |
+1,032,852
| New | +$44.8M |
|
|
GRUB
34
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| $37.9M | 0.71% |
417,500
| – | – |
|
35
Delta Air Lines
DAL
$61.3B
| $37.4M | 0.7% |
831,000
+316,000
| +61% | +$14.7M |
|
|
USAP
36
DELISTED
Universal Stainless & Alloy
USAP
| $30M | 0.56% |
1,143,021
| – | – |
|
|
BRCM
37
DELISTED
BROADCOM CORP CL-A
BRCM
| $21.2M | 0.4% |
490,000
+10,000
| +2% | +$436K |
|
38
Amgen
AMGN
$221B
| $20.8M | 0.39% |
130,000
+3,000
| +2% | +$472K |
|
39
Fluor
FLR
$7.2B
| $16.7M | 0.31% |
292,000
-63,000
| -18% | -$3.58M |
|
40
KBR
KBR
$4.58B
| $8.11M | 0.15% |
560,000
-130,000
| -19% | -$2.11M |
|
41
Canadian Natural Resources
CNQ
$93.3B
| – | – |
-1,603,123
| Closed | -$23.9M |
|
42
Devon Energy
DVN
$48.5B
| – | – |
-231,000
| Closed | -$14.1M |
|
|
43
Gilead Sciences
GILD
$164B
| – | – |
-2,141,000
| Closed | -$202M |
|
|
44
Terex
TEX
$7.55B
| – | – |
-3,215,578
| Closed | -$89.7M |
|
|
WCC
45
WESCO International
WCC
$18.2B
| – | – |
-1,332,685
| Closed | -$102M |
|
|
ONIT
46
Onity Group
ONIT
$321M
| – | – |
-593,998
| Closed | -$135M |
|
|
CTXS
47
DELISTED
Citrix Systems Inc
CTXS
| – | – |
-77,880
| Closed | -$3.96M |
|
|
MDR
48
DELISTED
McDermott International
MDR
| – | – |
-333,333
| Closed | -$2.91M |
|
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Pennant Capital Management's Q1 2015 Portfolio in Review
As of Q1 2015, Pennant Capital Management held 48 positions worth $5.34B, up 0.19% from $5.33B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Pennant Capital Management withdrew a net $339M in Q1 2015, closing 8 positions and reducing 14 holdings. Its most notable exit was Gilead Sciences, an estimated $202M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 28% of assets, down from 29% a quarter earlier, followed by Industrials and Energy.
Against the trend, Pennant Capital Management opened a new position in Manitowoc worth $176M.
- Pennant Capital Management's largest Q1 2015 buy was Manitowoc: 9,007,437 shares worth $176M.
- Pennant Capital Management added most to General Motors in Q1 2015, an estimated $72.6M increase.
- Pennant Capital Management's biggest Q1 2015 reduction was Carter's, cutting an estimated $197M.
- Pennant Capital Management fully exited Gilead Sciences in Q1 2015, selling an estimated $202M.
- Pennant Capital Management's ten largest holdings make up 51% of its $5.34B portfolio in Q1 2015.
- Pennant Capital Management opened 6 new positions and closed 8 in Q1 2015.
- Pennant Capital Management's portfolio value rose 0.19% quarter-over-quarter to $5.34B.
Based on Pennant Capital Management's 13F filing for Q1 2015, filed 15 May 2015.