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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
+3.25%
1 Year Est. Return
+19.37%
3 Year Est. Return
+35.16%
5 Year Est. Return
+101.64%
10 Year Est. Return
–
AUM
$3.93B
AUM Growth
-$800M
(-17%)
Cap. Flow
-$923M
Cap. Flow
% of AUM
-23.48%
Top 10 Holdings %
Top 10 Hldgs %
43.29%
Holding
39
New
3
Increased
6
Reduced
27
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Kinder Morgan
KMI
|
+$169M |
| 2 |
Pfizer
PFE
|
+$100M |
| 3 |
AGN
Allergan plc
AGN
|
+$33.9M |
| 4 |
Molson Coors Class B
TAP
|
+$33.3M |
| 5 |
Range Resources
RRC
|
+$31M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NVR
NVR
|
+$132M |
| 2 |
Booking.com
BKNG
|
+$129M |
| 3 |
TransDigm Group
TDG
|
+$113M |
| 4 |
Constellation Brands
STZ
|
+$110M |
| 5 |
MON
Monsanto Co
MON
|
+$92.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 23.71% |
| 2 | Industrials | 16.77% |
| 3 | Consumer Staples | 13.13% |
| 4 | Healthcare | 12.96% |
| 5 | Energy | 8.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Range Resources
RRC
$9.28B
| $85M | 2.16% |
3,452,401
+1,044,485
| +43% | +$31M |
|
27
Delta Air Lines
DAL
$61B
| $83.3M | 2.12% |
1,644,150
+273,100
| +20% | +$13.5M |
|
28
Boston Scientific
BSX
$71.1B
| $72.1M | 1.83% |
3,909,834
-958,900
| -20% | -$17.2M |
|
29
Bright Horizons
BFAM
$3.98B
| $70.8M | 1.8% |
1,060,578
-784,867
| -43% | -$50.7M |
|
|
ETFC
30
DELISTED
E*Trade Financial Corporation
ETFC
| $55.2M | 1.4% |
1,860,992
-1,449,610
| -44% | -$41.7M |
|
31
CALL
Wynn Resorts
WYNN
$10.1B
| $46.3M | 1.18% |
+669,000
| New | +$44.7M |
|
|
CQH
32
DELISTED
Cheniere Energy Partners LP Holdings LLC
CQH
| $45.5M | 1.16% |
2,616,900
-73,400
| -3% | -$1.34M |
|
33
NETSCOUT
NTCT
$3.07B
| $37M | 0.94% |
1,205,099
-342,800
| -22% | -$11.8M |
|
|
TMHC
34
DELISTED
Taylor Morrison
TMHC
| $36.4M | 0.92% |
2,272,557
| – | – |
|
35
KBR
KBR
$4.77B
| $11.4M | 0.29% |
674,000
| – | – |
|
36
Evolent Health
EVH
$350M
| $10.7M | 0.27% |
882,829
+123,599
| +16% | +$1.82M |
|
37
Fluor
FLR
$7.2B
| $10.7M | 0.27% |
226,300
-47,650
| -17% | -$2.24M |
|
|
USAP
38
DELISTED
Universal Stainless & Alloy
USAP
| $6.53M | 0.17% |
703,219
-145,000
| -17% | -$1.49M |
|
|
EVHC
39
DELISTED
Envision Healthcare Holdings Inc
EVHC
| – | – |
-751,058
| Closed | -$82.7M |
|
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Pennant Capital Management's Q4 2015 Portfolio in Review
As of Q4 2015, Pennant Capital Management held 39 positions worth $3.93B, down 17% from $4.73B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Pennant Capital Management withdrew a net $923M in Q4 2015, closing 1 position and reducing 27 holdings. Its most notable exit was Envision Healthcare Holdings Inc, an estimated $82.7M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 24% of assets, down from 28% a quarter earlier, followed by Industrials and Consumer Staples.
Against the trend, Pennant Capital Management opened a new position in Kinder Morgan worth $106M.
- Pennant Capital Management's largest Q4 2015 buy was Kinder Morgan: 7,107,480 shares worth $106M.
- Pennant Capital Management added most to Allergan plc in Q4 2015, an estimated $33.9M increase.
- Pennant Capital Management's biggest Q4 2015 reduction was NVR, cutting an estimated $132M.
- Pennant Capital Management fully exited Envision Healthcare Holdings Inc in Q4 2015, selling an estimated $82.7M.
- Pennant Capital Management's ten largest holdings make up 43% of its $3.93B portfolio in Q4 2015.
- Pennant Capital Management opened 3 new positions and closed 1 in Q4 2015.
- Pennant Capital Management's portfolio value fell 17% quarter-over-quarter to $3.93B.
Based on Pennant Capital Management's 13F filing for Q4 2015, filed 16 Feb 2016.