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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
-0.8%
1 Year Est. Return
+19.37%
3 Year Est. Return
+35.16%
5 Year Est. Return
+101.64%
10 Year Est. Return
–
AUM
$5.03B
AUM Growth
-$303M
(-5.7%)
Cap. Flow
-$224M
Cap. Flow
% of AUM
-4.46%
Top 10 Holdings %
Top 10 Hldgs %
48.86%
Holding
45
New
5
Increased
13
Reduced
15
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Corpay
CPAY
|
+$137M |
| 2 |
CST
CST Brands, Inc.
CST
|
+$107M |
| 3 |
EVHC
Envision Healthcare Holdings Inc
EVHC
|
+$75.2M |
| 4 |
Dollar Tree
DLTR
|
+$71.4M |
| 5 |
Antero Resources
AR
|
+$66.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Perrigo
PRGO
|
+$154M |
| 2 |
Carter's
CRI
|
+$102M |
| 3 |
United Airlines
UAL
|
+$68.3M |
| 4 |
INFO
IHS Markit Ltd. Common Shares
INFO
|
+$62.7M |
| 5 |
American Airlines Group
AAL
|
+$57.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 27.66% |
| 2 | Industrials | 14.88% |
| 3 | Energy | 8.6% |
| 4 | Technology | 8.4% |
| 5 | Consumer Staples | 8.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Cheniere Energy
LNG
$55.2B
| $69.2M | 1.37% |
999,465
-639,700
| -39% | -$47.9M |
|
|
AGN
27
DELISTED
Allergan plc
AGN
| $66.8M | 1.33% |
+220,000
| New | +$65.6M |
|
|
CQH
28
DELISTED
Cheniere Energy Partners LP Holdings LLC
CQH
| $63M | 1.25% |
2,690,300
| – | – |
|
29
Boston Scientific
BSX
$69.5B
| $62.7M | 1.25% |
3,545,000
+665,000
| +23% | +$11.9M |
|
|
30
Antero Resources
AR
$11.1B
| $57.9M | 1.15% |
+1,685,001
| New | +$66.9M |
|
|
TMHC
31
DELISTED
Taylor Morrison
TMHC
| $47.8M | 0.95% |
2,347,707
-162,700
| -6% | -$3.22M |
|
|
USAP
32
DELISTED
Universal Stainless & Alloy
USAP
| $22.5M | 0.45% |
1,143,021
| – | – |
|
33
Amgen
AMGN
$208B
| $20.3M | 0.4% |
132,000
+2,000
| +2% | +$320K |
|
34
Fluor
FLR
$7.01B
| $17.4M | 0.35% |
328,000
+36,000
| +12% | +$2.08M |
|
35
KBR
KBR
$4.62B
| $13.1M | 0.26% |
674,000
+114,000
| +20% | +$2.04M |
|
36
Evolent Health
EVH
$348M
| $12.2M | 0.24% |
+625,000
| New | +$11.7M |
|
|
37
American Airlines Group
AAL
$10.1B
| – | – |
-1,089,000
| Closed | -$57.5M |
|
38
Acadia Healthcare
ACHC
$2.76B
| – | – |
-790,000
| Closed | -$56.6M |
|
|
39
Carter's
CRI
$1.42B
| – | – |
-1,103,466
| Closed | -$102M |
|
40
Delta Air Lines
DAL
$57.5B
| – | – |
-831,000
| Closed | -$37.4M |
|
|
41
Perrigo
PRGO
$1.4B
| – | – |
-932,457
| Closed | -$154M |
|
|
42
United Airlines
UAL
$39.4B
| – | – |
-1,015,000
| Closed | -$68.3M |
|
|
INFO
43
DELISTED
IHS Markit Ltd. Common Shares
INFO
| – | – |
-2,330,800
| Closed | -$62.7M |
|
|
GRUB
44
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
| – | – |
-417,500
| Closed | -$37.9M |
|
|
BRCM
45
DELISTED
BROADCOM CORP CL-A
BRCM
| – | – |
-490,000
| Closed | -$21.2M |
|
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Pennant Capital Management's Q2 2015 Portfolio in Review
As of Q2 2015, Pennant Capital Management held 45 positions worth $5.03B, down 5.7% from $5.34B the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Pennant Capital Management withdrew a net $224M in Q2 2015, closing 9 positions and reducing 15 holdings. Its most notable exit was Perrigo, an estimated $154M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 28% of assets, down from 28% a quarter earlier, followed by Industrials and Energy.
Against the trend, Pennant Capital Management opened a new position in Corpay worth $137M.
- Pennant Capital Management's largest Q2 2015 buy was Corpay: 875,000 shares worth $137M.
- Pennant Capital Management added most to CST Brands, Inc. in Q2 2015, an estimated $107M increase.
- Pennant Capital Management's biggest Q2 2015 reduction was TransDigm Group, cutting an estimated $55.7M.
- Pennant Capital Management fully exited Perrigo in Q2 2015, selling an estimated $154M.
- Pennant Capital Management's ten largest holdings make up 49% of its $5.03B portfolio in Q2 2015.
- Pennant Capital Management opened 5 new positions and closed 9 in Q2 2015.
- Pennant Capital Management's portfolio value fell 5.7% quarter-over-quarter to $5.03B.
Based on Pennant Capital Management's 13F filing for Q2 2015, filed 14 Aug 2015.