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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
+0.05%
1 Year Est. Return
+19.37%
3 Year Est. Return
+35.16%
5 Year Est. Return
+101.64%
10 Year Est. Return
–
AUM
$1.7B
AUM Growth
-$411M
(-19%)
Cap. Flow
-$450M
Cap. Flow
% of AUM
-26.45%
Top 10 Holdings %
Top 10 Hldgs %
49.27%
Holding
61
New
19
Increased
5
Reduced
13
Closed
22
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ZAYO
Zayo Group Holdings, Inc.
ZAYO
|
+$41.4M |
| 2 |
Elevance Health
ELV
|
+$40.6M |
| 3 |
Antero Midstream
AM
|
+$39.7M |
| 4 |
X
US Steel
X
|
+$37.5M |
| 5 |
UPL
Ultra Petroleum Corp. Common Stock
UPL
|
+$29.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Molson Coors Class B
TAP
|
+$99.5M |
| 2 |
Constellation Brands
STZ
|
+$79.2M |
| 3 |
TransDigm Group
TDG
|
+$67.7M |
| 4 |
PayPal
PYPL
|
+$67.5M |
| 5 |
Bank of America
BAC
|
+$63.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 14.84% |
| 2 | Technology | 12.97% |
| 3 | Industrials | 10.45% |
| 4 | Energy | 10.06% |
| 5 | Financials | 9.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
UPL
26
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| $28M | 1.64% |
+2,577,209
| New | +$29.1M |
|
|
THS
27
DELISTED
Treehouse Foods
THS
| $26.5M | 1.56% |
+323,843
| New | +$26.5M |
|
|
CISN
28
DELISTED
Cision Ltd. Ordinary Share
CISN
| $25.5M | 1.5% |
+2,481,342
| New | +$25.5M |
|
29
Planet Fitness
PLNT
$4.43B
| $13.4M | 0.79% |
+574,850
| New | +$12.1M |
|
|
TWNK
30
DELISTED
Hostess Brands, Inc. Class A Common Stock
TWNK
| $11.7M | 0.69% |
725,645
-464,400
| -39% | -$7.5M |
|
|
WFM
31
CALL
DELISTED
Whole Foods Market Inc
WFM
| $10.5M | 0.62% |
+250,000
| New | +$9.11M |
|
|
USAP
32
DELISTED
Universal Stainless & Alloy
USAP
| $10.3M | 0.6% |
527,194
-155,000
| -23% | -$2.79M |
|
|
DNKN
33
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| $7.69M | 0.45% |
+139,507
| New | +$7.8M |
|
|
WFT
34
DELISTED
Weatherford International plc
WFT
| $5.8M | 0.34% |
+1,500,000
| New | +$7.63M |
|
35
MKS Inc
MKSI
$18.1B
| $5.1M | 0.3% |
+75,800
| New | +$5.74M |
|
36
APA Corp
APA
$12.8B
| $4.03M | 0.24% |
+84,101
| New | +$4.15M |
|
37
FMC
FMC
$1.29B
| $3.65M | 0.21% |
+57,650
| New | +$3.71M |
|
|
VXX
38
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| $3.19M | 0.19% |
+62,500
| New | +$3.61M |
|
39
Fossil Group
FOSL
$250M
| $1.29M | 0.08% |
+125,151
| New | +$1.69M |
|
40
CALL
Acadia Healthcare
ACHC
$2.61B
| – | – |
-600,000
| Closed | -$26.2M |
|
|
41
Bank of America
BAC
$434B
| – | – |
-2,690,500
| Closed | -$63.5M |
|
42
CBRE Group
CBRE
$44.1B
| – | – |
-1,149,146
| Closed | -$40M |
|
43
PUT
Cognizant
CTSH
$25.8B
| – | – |
-1,500,000
| Closed | -$89.3M |
|
44
CALL
Dollar Tree
DLTR
$24.6B
| – | – |
-350,000
| Closed | -$27.5M |
|
|
45
Dollar Tree
DLTR
$24.6B
| – | – |
-525,394
| Closed | -$41.2M |
|
46
Humana
HUM
$43.5B
| – | – |
-208,300
| Closed | -$42.9M |
|
47
KBR
KBR
$4.59B
| – | – |
-674,000
| Closed | -$10.1M |
|
48
LKQ Corp
LKQ
$6.73B
| – | – |
-556,963
| Closed | -$16.3M |
|
49
MGIC Investment
MTG
$6.52B
| – | – |
-133,600
| Closed | -$1.35M |
|
|
50
PayPal
PYPL
$50.5B
| – | – |
-1,568,961
| Closed | -$67.5M |
|
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Pennant Capital Management's Q2 2017 Portfolio in Review
As of Q2 2017, Pennant Capital Management held 61 positions worth $1.7B, down 19% from $2.11B the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Pennant Capital Management withdrew a net $450M in Q2 2017, closing 22 positions and reducing 13 holdings. Its most notable exit was Molson Coors Class B, an estimated $99.5M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 15% of assets, up from 14% a quarter earlier, followed by Technology and Industrials.
Against the trend, Pennant Capital Management opened a new position in Zayo Group Holdings, Inc. worth $39.1M.
- Pennant Capital Management's largest Q2 2017 buy was Zayo Group Holdings, Inc.: 1,264,275 shares worth $39.1M.
- Pennant Capital Management added most to Michaels Stores, Inc in Q2 2017, an estimated $25.1M increase.
- Pennant Capital Management's biggest Q2 2017 reduction was TransDigm Group, cutting an estimated $67.7M.
- Pennant Capital Management fully exited Molson Coors Class B in Q2 2017, selling an estimated $99.5M.
- Pennant Capital Management's ten largest holdings make up 49% of its $1.7B portfolio in Q2 2017.
- Pennant Capital Management opened 19 new positions and closed 22 in Q2 2017.
- Pennant Capital Management's portfolio value fell 19% quarter-over-quarter to $1.7B.
Based on Pennant Capital Management's 13F filing for Q2 2017, filed 14 Aug 2017.