Pennant Capital Management Portfolio holdings
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Charter Communications
CHTR
|
+$14.1M |
| 2 |
The Mosaic Company
MOS
|
+$5.26M |
| 3 |
FG
FGL Holdings Ordinary Shares
FG
|
+$1.84M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Corpay
CPAY
|
+$63M |
| 2 |
TransDigm Group
TDG
|
+$62.5M |
| 3 |
Cognizant
CTSH
|
+$53.7M |
| 4 |
NRG Energy
NRG
|
+$50.9M |
| 5 |
PTC
PTC
|
+$43.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 20.94% |
| 2 | Financials | 18.56% |
| 3 | Healthcare | 16.81% |
| 4 | Industrials | 11.6% |
| 5 | Energy | 8.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Comcast
CMCSA
$89.3B
| – | – |
-913,562
| Closed | -$36.6M |
|
27
Elevance Health
ELV
$84.9B
| – | – |
-183,379
| Closed | -$41.3M |
|
28
PUT
Terex
TEX
$7.47B
| – | – |
-220,000
| Closed | -$10.6M |
|
|
XOG
29
DELISTED
Extraction Oil & Gas, Inc. Common Stock
XOG
| – | – |
-1,452,841
| Closed | -$20.8M |
|
|
ETFC
30
DELISTED
E*Trade Financial Corporation
ETFC
| – | – |
-450,124
| Closed | -$22.3M |
|
|
UPL
31
CALL
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| – | – |
-2,000,000
| Closed | -$18.1M |
|
|
MFGP
32
DELISTED
Micro Focus International plc. American Depositary Shares, each representing One Ordinary Share
MFGP
| – | – |
-173,418
| Closed | -$7.05M |
|
|
TFCFA
33
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| – | – |
-866,686
| Closed | -$29.9M |
|
|
CZR
34
DELISTED
Caesars Entertainment Corporation
CZR
| – | – |
-2,136,087
| Closed | -$27M |
|
Similar funds
Pennant Capital Management's Q1 2018 Portfolio in Review
As of Q1 2018, Pennant Capital Management held 34 positions worth $218M, down 80% from $1.1B the previous quarter. Its ten largest holdings account for 66% of the portfolio.
Pennant Capital Management withdrew a net $865M in Q1 2018, closing 12 positions and reducing 18 holdings. Its most notable exit was Acadia Healthcare, an estimated $41.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 21% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Pennant Capital Management opened a new position in Charter Communications worth $12.4M.
- Pennant Capital Management's largest Q1 2018 buy was Charter Communications: 40,000 shares worth $12.4M.
- Pennant Capital Management added most to FGL Holdings Ordinary Shares in Q1 2018, an estimated $1.84M increase.
- Pennant Capital Management's biggest Q1 2018 reduction was Corpay, cutting an estimated $63M.
- Pennant Capital Management fully exited Acadia Healthcare in Q1 2018, selling an estimated $41.9M.
- Pennant Capital Management's ten largest holdings make up 66% of its $218M portfolio in Q1 2018.
- Pennant Capital Management opened 2 new positions and closed 12 in Q1 2018.
- Pennant Capital Management's portfolio value fell 80% quarter-over-quarter to $218M.
Based on Pennant Capital Management's 13F filing for Q1 2018, filed 15 May 2018.