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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
+5.82%
1 Year Est. Return
+19.37%
3 Year Est. Return
+35.16%
5 Year Est. Return
+101.64%
10 Year Est. Return
–
AUM
$5.33B
AUM Growth
-$383M
(-6.7%)
Cap. Flow
-$534M
Cap. Flow
% of AUM
-10.03%
Top 10 Holdings %
Top 10 Hldgs %
53.24%
Holding
48
New
6
Increased
10
Reduced
14
Closed
6
Top Buys
| 1 |
General Motors
GM
|
+$68.7M |
| 2 |
Cheniere Energy
LNG
|
+$62.7M |
| 3 |
Signet Jewelers
SIG
|
+$47.5M |
| 4 |
Acadia Healthcare
ACHC
|
+$46M |
| 5 |
WCG
Wellcare Health Plans, Inc.
WCG
|
+$37.3M |
Top Sells
| 1 |
EPAM Systems
EPAM
|
+$95.5M |
| 2 |
Sensata Technologies
ST
|
+$90.7M |
| 3 |
ASNA
Ascena Retail Group, Inc.
ASNA
|
+$69.7M |
| 4 |
TransDigm Group
TDG
|
+$45.3M |
| 5 |
DaVita
DVA
|
+$36.1M |
Sector Composition
| 1 | Consumer Discretionary | 28.71% |
| 2 | Industrials | 16.96% |
| 3 | Energy | 11.19% |
| 4 | Healthcare | 11.19% |
| 5 | Materials | 5.79% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
TransDigm Group
TDG
$67.9B
| $373M | 7% |
1,898,251
-240,000
| -11% | -$45.3M |
|
|
2
Signet Jewelers
SIG
$3.49B
| $299M | 5.61% |
2,273,285
+392,500
| +21% | +$47.5M |
|
3
Constellation Brands
STZ
$22.7B
| $297M | 5.58% |
3,029,567
| – | – |
|
4
Carter's
CRI
$1.4B
| $295M | 5.55% |
3,384,400
| – | – |
|
5
NVR
NVR
$17.7B
| $280M | 5.26% |
219,802
-7,000
| -3% | -$8.48M |
|
|
MON
6
DELISTED
Monsanto Co
MON
| $279M | 5.25% |
2,339,251
+210,000
| +10% | +$24.4M |
|
7
Marathon Petroleum
MPC
$90.8B
| $276M | 5.18% |
6,121,022
+561,022
| +10% | +$24.7M |
|
|
WCG
8
DELISTED
Wellcare Health Plans, Inc.
WCG
| $255M | 4.79% |
3,107,335
+535,000
| +21% | +$37.3M |
|
9
Booking.com
BKNG
$140B
| $253M | 4.76% |
5,555,975
-315,000
| -5% | -$14.2M |
|
|
TMH
10
DELISTED
Team Health Holdings Inc
TMH
| $227M | 4.26% |
3,948,209
-596,711
| -13% | -$34.4M |
|
11
Gilead Sciences
GILD
$167B
| $202M | 3.79% |
2,141,000
+280,000
| +15% | +$29M |
|
12
Workday
WDAY
$35.8B
| $200M | 3.76% |
2,453,885
| – | – |
|
13
Middleby
MIDD
$6.01B
| $196M | 3.68% |
1,976,704
| – | – |
|
|
14
Cheniere Energy
LNG
$54.7B
| $184M | 3.45% |
2,613,857
+888,692
| +52% | +$62.7M |
|
|
15
DaVita
DVA
$15.1B
| $170M | 3.19% |
2,245,997
-479,000
| -18% | -$36.1M |
|
16
Perrigo
PRGO
$1.47B
| $156M | 2.93% |
932,457
| – | – |
|
17
Bright Horizons
BFAM
$4.02B
| $152M | 2.85% |
3,234,198
| – | – |
|
|
ONIT
18
Onity Group
ONIT
$342M
| $135M | 2.53% |
593,998
-23,472
| -4% | -$7.65M |
|
|
WBC
19
DELISTED
WABCO HOLDINGS INC.
WBC
| $127M | 2.38% |
1,212,320
+75,492
| +7% | +$7.47M |
|
|
MFRM
20
DELISTED
MATTRESS FIRM HLDG CORP COM STK (DE)
MFRM
| $110M | 2.07% |
1,897,121
+437,000
| +30% | +$27.2M |
|
|
WCC
21
WESCO International
WCC
$16B
| $102M | 1.91% |
1,332,685
-277,423
| -17% | -$21.8M |
|
22
Range Resources
RRC
$8.61B
| $98.1M | 1.84% |
1,835,316
| – | – |
|
23
Terex
TEX
$7.41B
| $89.7M | 1.68% |
3,215,578
-1,208,000
| -27% | -$34.5M |
|
|
24
General Motors
GM
$69.1B
| $75.1M | 1.41% |
+2,150,000
| New | +$68.7M |
|
|
INFO
25
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $66.7M | 1.25% |
2,525,000
| – | – |
|
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Pennant Capital Management's Q4 2014 Portfolio in Review
As of Q4 2014, Pennant Capital Management held 48 positions worth $5.33B, down 6.7% from $5.71B the previous quarter. Its ten largest holdings account for 53% of the portfolio.
Pennant Capital Management withdrew a net $534M in Q4 2014, closing 6 positions and reducing 14 holdings. Its most notable exit was EPAM Systems, an estimated $95.5M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 29% of assets, up from 23% a quarter earlier, followed by Industrials and Energy.
Against the trend, Pennant Capital Management opened a new position in General Motors worth $75.1M.
- Pennant Capital Management's largest Q4 2014 buy was General Motors: 2,150,000 shares worth $75.1M.
- Pennant Capital Management added most to Cheniere Energy in Q4 2014, an estimated $62.7M increase.
- Pennant Capital Management's biggest Q4 2014 reduction was TransDigm Group, cutting an estimated $45.3M.
- Pennant Capital Management fully exited EPAM Systems in Q4 2014, selling an estimated $95.5M.
- Pennant Capital Management's ten largest holdings make up 53% of its $5.33B portfolio in Q4 2014.
- Pennant Capital Management opened 6 new positions and closed 6 in Q4 2014.
- Pennant Capital Management's portfolio value fell 6.7% quarter-over-quarter to $5.33B.
Based on Pennant Capital Management's 13F filing for Q4 2014, filed 17 Feb 2015.