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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
+7.58%
1 Year Est. Return
+19.37%
3 Year Est. Return
+35.16%
5 Year Est. Return
+101.64%
10 Year Est. Return
–
AUM
$2.11B
AUM Growth
-$459M
(-18%)
Cap. Flow
-$570M
Cap. Flow
% of AUM
-27%
Top 10 Holdings %
Top 10 Hldgs %
43.18%
Holding
54
New
16
Increased
7
Reduced
14
Closed
12
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
TransDigm Group
TDG
|
+$86.5M |
| 2 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$64.7M |
| 3 |
ATI
ATI
|
+$58.3M |
| 4 |
Conduent
CNDT
|
+$56.5M |
| 5 |
Cigna
CI
|
+$47.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Procter & Gamble
PG
|
+$71.1M |
| 2 |
ARRS
ARRIS International plc Ordinary Shares
ARRS
|
+$59.8M |
| 3 |
Cheniere Energy
LNG
|
+$54.6M |
| 4 |
Acadia Healthcare
ACHC
|
+$54.2M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$49.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.1% |
| 2 | Healthcare | 13.6% |
| 3 | Industrials | 12.22% |
| 4 | Consumer Staples | 11.42% |
| 5 | Technology | 10.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Dollar Tree
DLTR
$24.4B
| $41.2M | 1.95% |
525,394
-579,143
| -52% | -$44.5M |
|
27
CBRE Group
CBRE
$42.5B
| $40M | 1.89% |
1,149,146
-215,600
| -16% | -$7.21M |
|
|
WCG
28
DELISTED
Wellcare Health Plans, Inc.
WCG
| $33.3M | 1.58% |
237,495
-346,400
| -59% | -$49.3M |
|
|
29
CALL
Dollar Tree
DLTR
$24.4B
| $27.5M | 1.3% |
+350,000
| New | +$26.9M |
|
|
30
CALL
Acadia Healthcare
ACHC
$2.76B
| $26.2M | 1.24% |
+600,000
| New | +$24.3M |
|
31
Radian Group
RDN
$5.18B
| $25.4M | 1.2% |
+1,412,200
| New | +$26.1M |
|
|
CLAC
32
DELISTED
Capitol Acquisition Corp. III
CLAC
| $19.7M | 0.93% |
+1,865,000
| New | +$18.9M |
|
|
TWNK
33
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $18.9M | 0.89% |
1,190,045
-667,400
| -36% | -$9.98M |
|
|
GSHTU
34
DELISTED
Gores Holdings II, Inc. Units
GSHTU
| $18.4M | 0.87% |
+1,791,500
| New | +$18.6M |
|
35
LKQ Corp
LKQ
$5.68B
| $16.3M | 0.77% |
556,963
-1,440,232
| -72% | -$44.8M |
|
|
USAP
36
DELISTED
Universal Stainless & Alloy
USAP
| $11.6M | 0.55% |
682,194
| – | – |
|
|
FGL
37
DELISTED
Fidelity & Guaranty Life
FGL
| $10.1M | 0.48% |
+365,000
| New | +$9.42M |
|
38
KBR
KBR
$4.62B
| $10.1M | 0.48% |
674,000
| – | – |
|
39
J.M. Smucker
SJM
$12.7B
| $9.37M | 0.44% |
+71,516
| New | +$9.72M |
|
|
FTR
40
DELISTED
Frontier Communications Corp.
FTR
| $8.97M | 0.43% |
+279,558
| New | +$12.8M |
|
|
AVTA
41
DELISTED
Avantax, Inc. Common Stock
AVTA
| $2.59M | 0.12% |
149,551
-736,923
| -83% | -$11.5M |
|
42
MGIC Investment
MTG
$6.16B
| $1.35M | 0.06% |
+133,600
| New | +$1.41M |
|
43
Booking.com
BKNG
$149B
| – | – |
-818,225
| Closed | -$48M |
|
44
Citizens Financial Group
CFG
$30.3B
| – | – |
-1,399,357
| Closed | -$49.9M |
|
45
CALL
SPDR Gold Trust
GLD
$131B
| – | – |
-1,350,000
| Closed | -$148M |
|
|
46
Alphabet (Google) Class C
GOOG
$4.36T
| – | – |
-1,293,500
| Closed | -$49.9M |
|
|
47
Cheniere Energy
LNG
$55.2B
| – | – |
-1,318,094
| Closed | -$54.6M |
|
|
48
Procter & Gamble
PG
$336B
| – | – |
-845,142
| Closed | -$71.1M |
|
49
Comscore
SCOR
$106M
| – | – |
-49,714
| Closed | -$31.4M |
|
50
PUT
State Street Technology Select Sector SPDR ETF
XLK
$115B
| – | – |
-6,600,000
| Closed | -$160M |
|
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Pennant Capital Management's Q1 2017 Portfolio in Review
As of Q1 2017, Pennant Capital Management held 54 positions worth $2.11B, down 18% from $2.57B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Pennant Capital Management withdrew a net $570M in Q1 2017, closing 12 positions and reducing 14 holdings. Its most notable exit was Procter & Gamble, an estimated $71.1M position sold in full.
By sector, the portfolio is most concentrated in Financials at 16% of assets, up from 12% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Pennant Capital Management opened a new position in ATI worth $55.8M.
- Pennant Capital Management's largest Q1 2017 buy was ATI: 3,104,100 shares worth $55.8M.
- Pennant Capital Management added most to TransDigm Group in Q1 2017, an estimated $86.5M increase.
- Pennant Capital Management's biggest Q1 2017 reduction was Acadia Healthcare, cutting an estimated $54.2M.
- Pennant Capital Management fully exited Procter & Gamble in Q1 2017, selling an estimated $71.1M.
- Pennant Capital Management's ten largest holdings make up 43% of its $2.11B portfolio in Q1 2017.
- Pennant Capital Management opened 16 new positions and closed 12 in Q1 2017.
- Pennant Capital Management's portfolio value fell 18% quarter-over-quarter to $2.11B.
Based on Pennant Capital Management's 13F filing for Q1 2017, filed 15 May 2017.