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PCM

Pennant Capital Management Portfolio holdings

AUM $212M
1-Year Est. Return 19.37%
This Fund
S&P 500
This Quarter Est. Return
+8.2%
1 Year Est. Return
+19.37%
3 Year Est. Return
+35.16%
5 Year Est. Return
+101.64%
10 Year Est. Return
–
AUM
$2.86B
AUM Growth
-$1.04B
Cap. Flow
-$1.21B
Cap. Flow %
-42.2%
Top 10 Hldgs %
50.01%
Holding
53
New
12
Increased
4
Reduced
20
Closed
14

Top Buys

Rank Stock Value
1
LDOS icon
Leidos
LDOS
+$85.9M
2
AR icon
Antero Resources
AR
+$59M
3
BAC icon
Bank of America
BAC
+$52.3M
4
CFG icon
Citizens Financial Group
CFG
+$52.1M
5
HUN icon
Huntsman Corp
HUN
+$45.8M

Top Sells

Rank Stock Value
1
CST
CST Brands, Inc.
CST
+$148M
2
AGN
Allergan plc
AGN
+$134M
3
LGF
Lions Gate Entertainment
LGF
+$99.6M
4
SIG icon
Signet Jewelers
SIG
+$78.2M
5
CHTR icon
Charter Communications
CHTR
+$71.3M

Sector Composition

Rank Sector Weight
1 Consumer Staples 15.1%
2 Consumer Discretionary 14.69%
3 Healthcare 10.66%
4 Financials 9.81%
5 Technology 8.82%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LGF
51
DELISTED
Lions Gate Entertainment
LGF
– –
-4,921,999
Closed -$99.6M
MFRM
52
DELISTED
MATTRESS FIRM HLDG CORP COM STK (DE)
MFRM
– –
-1,170,096
Closed -$39.3M
VG
53
DELISTED
Vonage Holdings Corporation
VG
– –
-181,804
Closed -$1.11M
1 2
3

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ACM
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SSM
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ESG
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XGI
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MGA
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Pennant Capital Management's Q3 2016 Portfolio in Review

As of Q3 2016, Pennant Capital Management held 53 positions worth $2.86B, down 27% from $3.9B the previous quarter. Its ten largest holdings account for 50% of the portfolio.

Pennant Capital Management withdrew a net $1.21B in Q3 2016, closing 14 positions and reducing 20 holdings. Its most notable exit was CST Brands, Inc., an estimated $148M position sold in full.

By sector, the portfolio is most concentrated in Consumer Staples at 15% of assets, up from 12% a quarter earlier, followed by Consumer Discretionary and Healthcare.

Against the trend, Pennant Capital Management opened a new position in Leidos worth $81.9M.

  • Pennant Capital Management's largest Q3 2016 buy was Leidos: 1,892,600 shares worth $81.9M.
  • Pennant Capital Management added most to Acadia Healthcare in Q3 2016, an estimated $19.8M increase.
  • Pennant Capital Management's biggest Q3 2016 reduction was Allergan plc, cutting an estimated $134M.
  • Pennant Capital Management fully exited CST Brands, Inc. in Q3 2016, selling an estimated $148M.
  • Pennant Capital Management's ten largest holdings make up 50% of its $2.86B portfolio in Q3 2016.
  • Pennant Capital Management opened 12 new positions and closed 14 in Q3 2016.
  • Pennant Capital Management's portfolio value fell 27% quarter-over-quarter to $2.86B.

Based on Pennant Capital Management's 13F filing for Q3 2016, filed 14 Nov 2016.