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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 | |
|---|---|---|---|---|---|---|
51
Radian Group
RDN
$5.28B
| – | – |
-1,412,200
| Closed | -$25.4M |
|
52
J.M. Smucker
SJM
$13.5B
| – | – |
-71,516
| Closed | -$9.37M |
|
|
53
Constellation Brands
STZ
$22.5B
| – | – |
-444,996
| Closed | -$79.2M |
|
|
54
Molson Coors Class B
TAP
$8.02B
| – | – |
-1,039,625
| Closed | -$99.5M |
|
|
55
CALL
TransDigm Group
TDG
$70.7B
| – | – |
-200,000
| Closed | -$44M |
|
|
AVTA
56
DELISTED
Avantax, Inc. Common Stock
AVTA
| – | – |
-149,551
| Closed | -$2.59M |
|
|
WCG
57
DELISTED
Wellcare Health Plans, Inc.
WCG
| – | – |
-237,495
| Closed | -$33.3M |
|
|
GSHTU
58
DELISTED
Gores Holdings II, Inc. Units
GSHTU
| – | – |
-1,791,500
| Closed | -$18.4M |
|
|
CLAC
59
DELISTED
Capitol Acquisition Corp. III
CLAC
| – | – |
-1,865,000
| Closed | -$19.7M |
|
|
FTR
60
DELISTED
Frontier Communications Corp.
FTR
| – | – |
-279,558
| Closed | -$8.97M |
|
|
FGL
61
DELISTED
Fidelity & Guaranty Life
FGL
| – | – |
-365,000
| Closed | -$10.1M |
|
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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.