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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
+7.71%
1 Year Est. Return
+19.37%
3 Year Est. Return
+35.16%
5 Year Est. Return
+101.64%
10 Year Est. Return
–
AUM
$1.63B
AUM Growth
-$72.5M
(-4.3%)
Cap. Flow
-$133M
Cap. Flow
% of AUM
-8.19%
Top 10 Holdings %
Top 10 Hldgs %
47.28%
Holding
59
New
20
Increased
7
Reduced
16
Closed
14
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NRG Energy
NRG
|
+$78.2M |
| 2 |
UPL
Ultra Petroleum Corp. Common Stock
UPL
|
+$32.1M |
| 3 |
CDK
CDK Global, Inc.
CDK
|
+$23.6M |
| 4 |
PTC
PTC
|
+$23.1M |
| 5 |
MFGP
Micro Focus International plc. American Depositary Shares, each representing One Ordinary Share
MFGP
|
+$18.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Evolent Health
EVH
|
+$55.8M |
| 2 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$47.8M |
| 3 |
X
US Steel
X
|
+$35M |
| 4 |
MIK
Michaels Stores, Inc
MIK
|
+$31.8M |
| 5 |
THS
Treehouse Foods
THS
|
+$26.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.85% |
| 2 | Industrials | 13.04% |
| 3 | Healthcare | 12.25% |
| 4 | Financials | 9.32% |
| 5 | Energy | 8.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
CALL
Meta Platforms (Facebook)
META
$1.42T
| – | – |
-480,000
| Closed | -$72.5M |
|
52
MKS Inc
MKSI
$20.1B
| – | – |
-75,800
| Closed | -$5.1M |
|
53
Planet Fitness
PLNT
$4.42B
| – | – |
-574,850
| Closed | -$13.4M |
|
|
THS
54
DELISTED
Treehouse Foods
THS
| – | – |
-323,843
| Closed | -$26.5M |
|
|
X
55
DELISTED
US Steel
X
| – | – |
-1,583,000
| Closed | -$35M |
|
|
DNKN
56
DELISTED
Dunkin' Brands Group, Inc.
DNKN
| – | – |
-139,507
| Closed | -$7.69M |
|
|
WFT
57
DELISTED
Weatherford International plc
WFT
| – | – |
-1,500,000
| Closed | -$5.8M |
|
|
WFM
58
CALL
DELISTED
Whole Foods Market Inc
WFM
| – | – |
-250,000
| Closed | -$10.5M |
|
|
VXX
59
DELISTED
iPath S&P 500 VIX Short-Term Futures ETN due 1/30/2019
VXX
| – | – |
-62,500
| Closed | -$3.19M |
|
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Pennant Capital Management's Q3 2017 Portfolio in Review
As of Q3 2017, Pennant Capital Management held 59 positions worth $1.63B, down 4.3% from $1.7B the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Pennant Capital Management withdrew a net $133M in Q3 2017, closing 14 positions and reducing 16 holdings. Its most notable exit was Evolent Health, an estimated $55.8M position sold in full.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 13% a quarter earlier, followed by Industrials and Healthcare.
Against the trend, Pennant Capital Management opened a new position in NRG Energy worth $84.6M.
- Pennant Capital Management's largest Q3 2017 buy was NRG Energy: 3,307,366 shares worth $84.6M.
- Pennant Capital Management added most to Ultra Petroleum Corp. Common Stock in Q3 2017, an estimated $32.1M increase.
- Pennant Capital Management's biggest Q3 2017 reduction was Athene Holding Ltd. Class A Common Shares, cutting an estimated $47.8M.
- Pennant Capital Management fully exited Evolent Health in Q3 2017, selling an estimated $55.8M.
- Pennant Capital Management's ten largest holdings make up 47% of its $1.63B portfolio in Q3 2017.
- Pennant Capital Management opened 20 new positions and closed 14 in Q3 2017.
- Pennant Capital Management's portfolio value fell 4.3% quarter-over-quarter to $1.63B.
Based on Pennant Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.