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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
-0.8%
1 Year Est. Return
+19.37%
3 Year Est. Return
+35.16%
5 Year Est. Return
+101.64%
10 Year Est. Return
–
AUM
$5.03B
AUM Growth
-$303M
(-5.7%)
Cap. Flow
-$224M
Cap. Flow
% of AUM
-4.46%
Top 10 Holdings %
Top 10 Hldgs %
48.86%
Holding
45
New
5
Increased
13
Reduced
15
Closed
9
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Corpay
CPAY
|
+$137M |
| 2 |
CST
CST Brands, Inc.
CST
|
+$107M |
| 3 |
EVHC
Envision Healthcare Holdings Inc
EVHC
|
+$75.2M |
| 4 |
Dollar Tree
DLTR
|
+$71.4M |
| 5 |
Antero Resources
AR
|
+$66.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Perrigo
PRGO
|
+$154M |
| 2 |
Carter's
CRI
|
+$102M |
| 3 |
United Airlines
UAL
|
+$68.3M |
| 4 |
INFO
IHS Markit Ltd. Common Shares
INFO
|
+$62.7M |
| 5 |
American Airlines Group
AAL
|
+$57.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 27.66% |
| 2 | Healthcare | 20.18% |
| 3 | Industrials | 14.88% |
| 4 | Energy | 9.85% |
| 5 | Technology | 8.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
TransDigm Group
TDG
$64.2B
| $344M | 6.83% |
1,530,251
-248,600
| -14% | -$55.7M |
|
2
Constellation Brands
STZ
$21.9B
| $274M | 5.45% |
2,363,129
-432,595
| -15% | -$51.1M |
|
3
Signet Jewelers
SIG
$3.31B
| $264M | 5.24% |
2,055,285
-103,300
| -5% | -$13.8M |
|
4
NVR
NVR
$16.8B
| $255M | 5.06% |
190,052
-9,000
| -5% | -$12.1M |
|
|
WCG
5
DELISTED
Wellcare Health Plans, Inc.
WCG
| $248M | 4.93% |
2,925,574
+100,700
| +4% | +$8.51M |
|
|
MON
6
DELISTED
Monsanto Co
MON
| $230M | 4.57% |
2,160,051
-179,200
| -8% | -$20.8M |
|
7
Booking.com
BKNG
$145B
| $219M | 4.35% |
4,750,975
-805,000
| -14% | -$38.4M |
|
|
WBC
8
DELISTED
WABCO HOLDINGS INC.
WBC
| $211M | 4.19% |
1,706,273
| – | – |
|
|
TMH
9
DELISTED
Team Health Holdings Inc
TMH
| $209M | 4.15% |
3,199,693
-54,050
| -2% | -$3.26M |
|
10
Middleby
MIDD
$5.05B
| $206M | 4.1% |
1,839,013
+10,209
| +0.6% | +$1.09M |
|
11
Marathon Petroleum
MPC
$109B
| $204M | 4.05% |
3,899,366
-438,000
| -10% | -$22.3M |
|
12
DaVita
DVA
$11.7B
| $172M | 3.41% |
2,158,397
-87,600
| -4% | -$7.19M |
|
13
Manitowoc
MTW
$772M
| $168M | 3.34% |
9,476,620
+469,183
| +5% | +$8.55M |
|
14
Workday
WDAY
$47.2B
| $159M | 3.16% |
2,081,484
-372,401
| -15% | -$31.7M |
|
|
MFRM
15
DELISTED
MATTRESS FIRM HLDG CORP COM STK (DE)
MFRM
| $156M | 3.1% |
2,564,271
+392,650
| +18% | +$23.9M |
|
|
IPXL
16
DELISTED
Impax Laboratories, Inc.
IPXL
| $147M | 2.92% |
3,204,096
+1,179,096
| +58% | +$56M |
|
|
CST
17
DELISTED
CST Brands, Inc.
CST
| $141M | 2.8% |
3,610,641
+2,577,789
| +250% | +$107M |
|
|
18
Dollar Tree
DLTR
$24.7B
| $138M | 2.74% |
1,743,598
+903,247
| +107% | +$71.4M |
|
|
HOUS
19
DELISTED
Anywhere Real Estate
HOUS
| $137M | 2.73% |
2,942,945
+243,999
| +9% | +$11.3M |
|
|
20
Corpay
CPAY
$27.3B
| $137M | 2.71% |
+875,000
| New | +$137M |
|
21
Bright Horizons
BFAM
$3.42B
| $135M | 2.68% |
2,334,221
-89,100
| -4% | -$4.86M |
|
|
SUNE
22
DELISTED
SUNEDISON, INC COM
SUNE
| $127M | 2.53% |
4,257,635
+2,146,100
| +102% | +$61.1M |
|
23
General Motors
GM
$77B
| $121M | 2.4% |
3,620,540
-524,460
| -13% | -$18.7M |
|
24
Range Resources
RRC
$9.81B
| $102M | 2.02% |
2,063,916
-306,400
| -13% | -$17.5M |
|
|
EVHC
25
DELISTED
Envision Healthcare Holdings Inc
EVHC
| $78.1M | 1.55% |
+661,059
| New | +$75.2M |
|
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Pennant Capital Management's Q2 2015 Portfolio in Review
As of Q2 2015, Pennant Capital Management held 45 positions worth $5.03B, down 5.7% from $5.34B the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Pennant Capital Management withdrew a net $224M in Q2 2015, closing 9 positions and reducing 15 holdings. Its most notable exit was Perrigo, an estimated $154M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 28% of assets, down from 28% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Pennant Capital Management opened a new position in Corpay worth $137M.
- Pennant Capital Management's largest Q2 2015 buy was Corpay: 875,000 shares worth $137M.
- Pennant Capital Management added most to CST Brands, Inc. in Q2 2015, an estimated $107M increase.
- Pennant Capital Management's biggest Q2 2015 reduction was TransDigm Group, cutting an estimated $55.7M.
- Pennant Capital Management fully exited Perrigo in Q2 2015, selling an estimated $154M.
- Pennant Capital Management's ten largest holdings make up 49% of its $5.03B portfolio in Q2 2015.
- Pennant Capital Management opened 5 new positions and closed 9 in Q2 2015.
- Pennant Capital Management's portfolio value fell 5.7% quarter-over-quarter to $5.03B.
Based on Pennant Capital Management's 13F filing for Q2 2015, filed 14 Aug 2015.