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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
-0.98%
1 Year Est. Return
+19.37%
3 Year Est. Return
+35.16%
5 Year Est. Return
+101.64%
10 Year Est. Return
–
AUM
$5.71B
AUM Growth
+$129M
(+2.3%)
Cap. Flow
-$267M
Cap. Flow
% of AUM
-4.68%
Top 10 Holdings %
Top 10 Hldgs %
51.16%
Holding
46
New
3
Increased
13
Reduced
14
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
WCG
Wellcare Health Plans, Inc.
WCG
|
+$171M |
| 2 |
ONIT
Onity Group
ONIT
|
+$117M |
| 3 |
Perrigo
PRGO
|
+$68.6M |
| 4 |
INFO
IHS Markit Ltd. Common Shares
INFO
|
+$64M |
| 5 |
Middleby
MIDD
|
+$41.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cognizant
CTSH
|
+$162M |
| 2 |
Owens Corning
OC
|
+$131M |
| 3 |
American International
AIG
|
+$106M |
| 4 |
Cheniere Energy
LNG
|
+$76.2M |
| 5 |
Booking.com
BKNG
|
+$70.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 23.72% |
| 2 | Healthcare | 17.18% |
| 3 | Industrials | 15.94% |
| 4 | Energy | 11.1% |
| 5 | Miscellaneous | 10.57% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
iShares Russell 2000 ETF
IWM
$81.2B
| $492M | 8.62% |
+4,500,000
| New | +$515M |
|
2
TransDigm Group
TDG
$64.2B
| $394M | 6.9% |
2,138,251
| – | – |
|
|
3
Booking.com
BKNG
$145B
| $272M | 4.76% |
5,870,975
-1,425,000
| -20% | -$70.2M |
|
4
Constellation Brands
STZ
$21.9B
| $264M | 4.62% |
3,029,567
-160,000
| -5% | -$13.9M |
|
|
TMH
5
DELISTED
Team Health Holdings Inc
TMH
| $264M | 4.62% |
4,544,920
-225,000
| -5% | -$12.6M |
|
6
Carter's
CRI
$1.23B
| $262M | 4.59% |
3,384,400
| – | – |
|
7
NVR
NVR
$16.8B
| $256M | 4.49% |
226,802
| – | – |
|
|
ONIT
8
Onity Group
ONIT
$296M
| $242M | 4.25% |
617,470
+259,358
| +72% | +$117M |
|
|
MON
9
DELISTED
Monsanto Co
MON
| $240M | 4.19% |
2,129,251
| – | – |
|
10
Marathon Petroleum
MPC
$109B
| $235M | 4.12% |
5,560,000
| – | – |
|
11
Signet Jewelers
SIG
$3.31B
| $214M | 3.75% |
1,880,785
+310,000
| +20% | +$34.3M |
|
12
Workday
WDAY
$47.2B
| $202M | 3.54% |
2,453,885
-95,000
| -4% | -$8.11M |
|
13
DaVita
DVA
$11.7B
| $199M | 3.49% |
2,724,997
-912,895
| -25% | -$66.8M |
|
14
Gilead Sciences
GILD
$187B
| $198M | 3.47% |
1,861,000
-209,000
| -10% | -$20.5M |
|
|
15
Middleby
MIDD
$5.05B
| $174M | 3.05% |
1,976,704
+500,420
| +34% | +$41.4M |
|
|
WCG
16
DELISTED
Wellcare Health Plans, Inc.
WCG
| $155M | 2.72% |
+2,572,335
| New | +$171M |
|
17
Terex
TEX
$7.23B
| $141M | 2.46% |
4,423,578
+684,205
| +18% | +$25M |
|
|
18
Perrigo
PRGO
$2.07B
| $140M | 2.45% |
932,457
+460,157
| +97% | +$68.6M |
|
|
19
Cheniere Energy
LNG
$60.3B
| $138M | 2.42% |
1,725,165
-999,600
| -37% | -$76.2M |
|
20
Bright Horizons
BFAM
$3.42B
| $136M | 2.38% |
3,234,198
-861,502
| -21% | -$36M |
|
|
WCC
21
WESCO International
WCC
$17.1B
| $126M | 2.21% |
1,610,108
| – | – |
|
22
Range Resources
RRC
$9.81B
| $124M | 2.18% |
1,835,316
+342,300
| +23% | +$26.1M |
|
|
WBC
23
DELISTED
WABCO HOLDINGS INC.
WBC
| $103M | 1.81% |
1,136,828
| – | – |
|
24
EPAM Systems
EPAM
$6.04B
| $95.5M | 1.67% |
2,181,767
-60,352
| -3% | -$2.39M |
|
25
Sensata Technologies
ST
$6.27B
| $90.7M | 1.59% |
2,037,890
-250,000
| -11% | -$11.9M |
|
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Pennant Capital Management's Q3 2014 Portfolio in Review
As of Q3 2014, Pennant Capital Management held 46 positions worth $5.71B, up 2.3% from $5.58B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Pennant Capital Management withdrew a net $267M in Q3 2014, closing 4 positions and reducing 14 holdings. Its most notable exit was Cognizant, an estimated $162M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 24% of assets, down from 27% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Pennant Capital Management opened a new position in Wellcare Health Plans, Inc. worth $155M.
- Pennant Capital Management's largest Q3 2014 buy was Wellcare Health Plans, Inc.: 2,572,335 shares worth $155M.
- Pennant Capital Management added most to Onity Group in Q3 2014, an estimated $117M increase.
- Pennant Capital Management's biggest Q3 2014 reduction was Cheniere Energy, cutting an estimated $76.2M.
- Pennant Capital Management fully exited Cognizant in Q3 2014, selling an estimated $162M.
- Pennant Capital Management's ten largest holdings make up 51% of its $5.71B portfolio in Q3 2014.
- Pennant Capital Management opened 3 new positions and closed 4 in Q3 2014.
- Pennant Capital Management's portfolio value rose 2.3% quarter-over-quarter to $5.71B.
Based on Pennant Capital Management's 13F filing for Q3 2014, filed 14 Nov 2014.