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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
+0.39%
1 Year Est. Return
+19.37%
3 Year Est. Return
+35.16%
5 Year Est. Return
+101.64%
10 Year Est. Return
–
AUM
$2.57B
AUM Growth
-$286M
Cap. Flow
-$223M
Cap. Flow %
-8.69%
Top 10 Hldgs %
50.76%
Holding
51
New
12
Increased
8
Reduced
15
Closed
13

Top Buys

Rank Stock Value
1
CTSH icon
Cognizant
CTSH
+$93.1M
2
MIK
Michaels Stores, Inc
MIK
+$84.9M
3
PG icon
Procter & Gamble
PG
+$72M
4
DY icon
Dycom Industries
DY
+$60M
5
ARRS
ARRIS International plc Ordinary Shares
ARRS
+$57.5M

Top Sells

Rank Stock Value
1
AGN
Allergan plc
AGN
+$143M
2
LVNTA
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
+$117M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$91.3M
4
LDOS icon
Leidos
LDOS
+$81.9M
5
WBC
WABCO HOLDINGS INC.
WBC
+$67.2M

Sector Composition

Rank Sector Weight
1 Consumer Staples 14.78%
2 Financials 12.3%
3 Technology 8.93%
4 Consumer Discretionary 7.89%
5 Healthcare 7.69%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CQH
51
DELISTED
Cheniere Energy Partners LP Holdings LLC
CQH
– –
-2,532,361
Closed -$57.6M
1 2
3

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Pennant Capital Management's Q4 2016 Portfolio in Review

As of Q4 2016, Pennant Capital Management held 51 positions worth $2.57B, down 10% from $2.86B the previous quarter. Its ten largest holdings account for 51% of the portfolio.

Pennant Capital Management withdrew a net $223M in Q4 2016, closing 13 positions and reducing 15 holdings. Its most notable exit was Allergan plc, an estimated $143M position sold in full.

By sector, the portfolio is most concentrated in Consumer Staples at 15% of assets, down from 15% a quarter earlier, followed by Financials and Technology.

Against the trend, Pennant Capital Management opened a new position in Cognizant worth $97.5M.

  • Pennant Capital Management's largest Q4 2016 buy was Cognizant: 1,739,800 shares worth $97.5M.
  • Pennant Capital Management added most to Acadia Healthcare in Q4 2016, an estimated $46.5M increase.
  • Pennant Capital Management's biggest Q4 2016 reduction was Alphabet (Google) Class C, cutting an estimated $91.3M.
  • Pennant Capital Management fully exited Allergan plc in Q4 2016, selling an estimated $143M.
  • Pennant Capital Management's ten largest holdings make up 51% of its $2.57B portfolio in Q4 2016.
  • Pennant Capital Management opened 12 new positions and closed 13 in Q4 2016.
  • Pennant Capital Management's portfolio value fell 10% quarter-over-quarter to $2.57B.

Based on Pennant Capital Management's 13F filing for Q4 2016, filed 14 Feb 2017.