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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
+2.46%
1 Year Est. Return
+19.37%
3 Year Est. Return
+35.16%
5 Year Est. Return
+101.64%
10 Year Est. Return
–
AUM
$5.58B
AUM Growth
-$296M
(-5%)
Cap. Flow
-$376M
Cap. Flow
% of AUM
-6.74%
Top 10 Holdings %
Top 10 Hldgs %
48.32%
Holding
50
New
5
Increased
13
Reduced
14
Closed
7
Top Buys
| 1 |
MON
Monsanto Co
MON
|
+$249M |
| 2 |
Gilead Sciences
GILD
|
+$161M |
| 3 |
Middleby
MIDD
|
+$76M |
| 4 |
Perrigo
PRGO
|
+$66.9M |
| 5 |
CQH
Cheniere Energy Partners LP Holdings LLC
CQH
|
+$45.2M |
Top Sells
| 1 |
Huntington Ingalls Industries
HII
|
+$180M |
| 2 |
WBC
WABCO HOLDINGS INC.
WBC
|
+$155M |
| 3 |
MRC
MRC Global
MRC
|
+$133M |
| 4 |
Sally Beauty Holdings
SBH
|
+$129M |
| 5 |
TripAdvisor
TRIP
|
+$112M |
Sector Composition
| 1 | Consumer Discretionary | 24.59% |
| 2 | Industrials | 18.48% |
| 3 | Energy | 10.96% |
| 4 | Technology | 10.96% |
| 5 | Healthcare | 9.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
TransDigm Group
TDG
$67.9B
| $358M | 6.41% |
2,138,251
-135,859
| -6% | -$24.5M |
|
2
Booking.com
BKNG
$141B
| $351M | 6.29% |
7,295,975
| – | – |
|
3
Constellation Brands
STZ
$22.7B
| $281M | 5.04% |
3,189,567
| – | – |
|
|
MON
4
DELISTED
Monsanto Co
MON
| $266M | 4.76% |
+2,129,251
| New | +$249M |
|
5
DaVita
DVA
$15.2B
| $263M | 4.71% |
3,637,892
| – | – |
|
6
NVR
NVR
$17.5B
| $261M | 4.68% |
226,802
-19,000
| -8% | -$21.2M |
|
|
TMH
7
DELISTED
Team Health Holdings Inc
TMH
| $238M | 4.27% |
4,769,920
+287,379
| +6% | +$13.9M |
|
8
Carter's
CRI
$1.4B
| $233M | 4.18% |
3,384,400
+200,000
| +6% | +$14.5M |
|
9
Workday
WDAY
$35.8B
| $229M | 4.1% |
2,548,885
+312,000
| +14% | +$24.6M |
|
10
Marathon Petroleum
MPC
$91.3B
| $217M | 3.89% |
5,560,000
+513,598
| +10% | +$22.7M |
|
|
ONIT
11
Onity Group
ONIT
$344M
| $199M | 3.57% |
358,112
+69,667
| +24% | +$37.9M |
|
12
Cheniere Energy
LNG
$55B
| $195M | 3.5% |
2,724,765
-826,120
| -23% | -$50.2M |
|
13
Bright Horizons
BFAM
$4.03B
| $176M | 3.15% |
4,095,700
-185,100
| -4% | -$7.5M |
|
14
Signet Jewelers
SIG
$3.56B
| $174M | 3.11% |
1,570,785
+82,000
| +6% | +$8.54M |
|
|
15
Gilead Sciences
GILD
$167B
| $172M | 3.07% |
+2,070,000
| New | +$161M |
|
16
Cognizant
CTSH
$21.2B
| $162M | 2.91% |
3,317,300
+132,500
| +4% | +$6.46M |
|
17
Terex
TEX
$7.47B
| $154M | 2.75% |
3,739,373
-1,026,696
| -22% | -$41.7M |
|
|
WCC
18
WESCO International
WCC
$16B
| $139M | 2.49% |
1,610,108
| – | – |
|
|
ASNA
19
DELISTED
Ascena Retail Group, Inc.
ASNA
| $133M | 2.38% |
389,085
| – | – |
|
20
Owens Corning
OC
$11.6B
| $131M | 2.35% |
3,397,100
| – | – |
|
21
Range Resources
RRC
$8.66B
| $130M | 2.33% |
1,493,016
| – | – |
|
|
22
Middleby
MIDD
$6.02B
| $122M | 2.19% |
1,476,284
+923,396
| +167% | +$76M |
|
|
WBC
23
DELISTED
WABCO HOLDINGS INC.
WBC
| $121M | 2.18% |
1,136,828
-1,447,143
| -56% | -$155M |
|
24
Sensata Technologies
ST
$6.55B
| $107M | 1.92% |
2,287,890
-1,530,048
| -40% | -$66.9M |
|
25
American International
AIG
$42.7B
| $106M | 1.9% |
1,945,554
-767,569
| -28% | -$40.6M |
|
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Pennant Capital Management's Q2 2014 Portfolio in Review
As of Q2 2014, Pennant Capital Management held 50 positions worth $5.58B, down 5% from $5.88B the previous quarter. Its ten largest holdings account for 48% of the portfolio.
Pennant Capital Management withdrew a net $376M in Q2 2014, closing 7 positions and reducing 14 holdings. Its most notable exit was MRC Global, an estimated $133M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 25% of assets, down from 30% a quarter earlier, followed by Industrials and Energy.
Against the trend, Pennant Capital Management opened a new position in Monsanto Co worth $266M.
- Pennant Capital Management's largest Q2 2014 buy was Monsanto Co: 2,129,251 shares worth $266M.
- Pennant Capital Management added most to Middleby in Q2 2014, an estimated $76M increase.
- Pennant Capital Management's biggest Q2 2014 reduction was Huntington Ingalls Industries, cutting an estimated $180M.
- Pennant Capital Management fully exited MRC Global in Q2 2014, selling an estimated $133M.
- Pennant Capital Management's ten largest holdings make up 48% of its $5.58B portfolio in Q2 2014.
- Pennant Capital Management opened 5 new positions and closed 7 in Q2 2014.
- Pennant Capital Management's portfolio value fell 5% quarter-over-quarter to $5.58B.
Based on Pennant Capital Management's 13F filing for Q2 2014, filed 14 Aug 2014.