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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
-1.63%
1 Year Est. Return
+19.37%
3 Year Est. Return
+35.16%
5 Year Est. Return
+101.64%
10 Year Est. Return
–
AUM
$3.5B
AUM Growth
-$429M
(-11%)
Cap. Flow
-$368M
Cap. Flow
% of AUM
-10.52%
Top 10 Holdings %
Top 10 Hldgs %
43.18%
Holding
44
New
6
Increased
9
Reduced
19
Closed
7
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
LVNTA
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
|
+$141M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$140M |
| 3 |
PayPal
PYPL
|
+$116M |
| 4 |
WBT
Welbilt, Inc.
WBT
|
+$95.5M |
| 5 |
Acadia Healthcare
ACHC
|
+$86.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Manitowoc
MTW
|
+$105M |
| 2 |
HOUS
Anywhere Real Estate
HOUS
|
+$102M |
| 3 |
Pfizer
PFE
|
+$97.7M |
| 4 |
DaVita
DVA
|
+$89.7M |
| 5 |
Range Resources
RRC
|
+$85M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 27.39% |
| 2 | Industrials | 16.53% |
| 3 | Consumer Staples | 12.16% |
| 4 | Healthcare | 6.63% |
| 5 | Technology | 5.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
MFRM
26
DELISTED
MATTRESS FIRM HLDG CORP COM STK (DE)
MFRM
| $71.9M | 2.05% |
1,696,783
-1,021,606
| -38% | -$41.6M |
|
27
NETSCOUT
NTCT
$3.07B
| $71.8M | 2.05% |
3,125,879
+1,920,780
| +159% | +$43.3M |
|
28
Kinder Morgan
KMI
$69.9B
| $71.2M | 2.03% |
3,985,674
-3,121,806
| -44% | -$51.1M |
|
|
IPXL
29
DELISTED
Impax Laboratories, Inc.
IPXL
| $66.7M | 1.9% |
2,083,074
-238,507
| -10% | -$8.38M |
|
|
MON
30
DELISTED
Monsanto Co
MON
| $61.5M | 1.75% |
700,440
-419,000
| -37% | -$37.8M |
|
|
CQH
31
DELISTED
Cheniere Energy Partners LP Holdings LLC
CQH
| $49.4M | 1.41% |
2,737,486
+120,586
| +5% | +$1.89M |
|
32
Evolent Health
EVH
$350M
| $14.4M | 0.41% |
1,361,147
+478,318
| +54% | +$4.94M |
|
33
Fluor
FLR
$7.2B
| $12.2M | 0.35% |
226,300
| – | – |
|
34
KBR
KBR
$4.77B
| $10.4M | 0.3% |
674,000
| – | – |
|
|
TMHC
35
DELISTED
Taylor Morrison
TMHC
| $10.4M | 0.3% |
735,535
-1,537,022
| -68% | -$20.3M |
|
|
USAP
36
DELISTED
Universal Stainless & Alloy
USAP
| $7.17M | 0.2% |
703,219
| – | – |
|
|
37
Manitowoc
MTW
$519M
| $3.07M | 0.09% |
177,050
-7,244,218
| -98% | -$105M |
|
38
Bright Horizons
BFAM
$3.98B
| – | – |
-1,060,578
| Closed | -$70.8M |
|
39
Boston Scientific
BSX
$71.1B
| – | – |
-3,909,834
| Closed | -$72.1M |
|
|
40
DaVita
DVA
$14.6B
| – | – |
-1,286,097
| Closed | -$89.7M |
|
|
HOUS
41
DELISTED
Anywhere Real Estate
HOUS
| – | – |
-2,783,126
| Closed | -$102M |
|
|
42
Pfizer
PFE
$145B
| – | – |
-3,190,500
| Closed | -$97.7M |
|
|
43
Range Resources
RRC
$9.28B
| – | – |
-3,452,401
| Closed | -$85M |
|
44
CALL
Wynn Resorts
WYNN
$10.1B
| – | – |
-669,000
| Closed | -$46.3M |
|
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Pennant Capital Management's Q1 2016 Portfolio in Review
As of Q1 2016, Pennant Capital Management held 44 positions worth $3.5B, down 11% from $3.93B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Pennant Capital Management withdrew a net $368M in Q1 2016, closing 7 positions and reducing 19 holdings. Its most notable exit was Anywhere Real Estate, an estimated $102M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 27% of assets, up from 24% a quarter earlier, followed by Industrials and Consumer Staples.
Against the trend, Pennant Capital Management opened a new position in Liberty Interactive Corporation Series A Liberty Ventures worth $145M.
- Pennant Capital Management's largest Q1 2016 buy was Liberty Interactive Corporation Series A Liberty Ventures: 3,711,866 shares worth $145M.
- Pennant Capital Management added most to NETSCOUT in Q1 2016, an estimated $43.3M increase.
- Pennant Capital Management's biggest Q1 2016 reduction was Manitowoc, cutting an estimated $105M.
- Pennant Capital Management fully exited Anywhere Real Estate in Q1 2016, selling an estimated $102M.
- Pennant Capital Management's ten largest holdings make up 43% of its $3.5B portfolio in Q1 2016.
- Pennant Capital Management opened 6 new positions and closed 7 in Q1 2016.
- Pennant Capital Management's portfolio value fell 11% quarter-over-quarter to $3.5B.
Based on Pennant Capital Management's 13F filing for Q1 2016, filed 16 May 2016.