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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
-1.63%
1 Year Est. Return
+19.37%
3 Year Est. Return
+35.16%
5 Year Est. Return
+101.64%
10 Year Est. Return
–
AUM
$3.5B
AUM Growth
-$429M
(-11%)
Cap. Flow
-$368M
Cap. Flow
% of AUM
-10.52%
Top 10 Holdings %
Top 10 Hldgs %
43.18%
Holding
44
New
6
Increased
9
Reduced
19
Closed
7
Top Buys
| 1 |
LVNTA
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
|
+$141M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$140M |
| 3 |
PayPal
PYPL
|
+$116M |
| 4 |
WBT
Welbilt, Inc.
WBT
|
+$95.5M |
| 5 |
Acadia Healthcare
ACHC
|
+$86.7M |
Top Sells
| 1 |
Manitowoc
MTW
|
+$105M |
| 2 |
HOUS
Anywhere Real Estate
HOUS
|
+$102M |
| 3 |
Pfizer
PFE
|
+$97.7M |
| 4 |
DaVita
DVA
|
+$89.7M |
| 5 |
Range Resources
RRC
|
+$85M |
Sector Composition
| 1 | Consumer Discretionary | 27.39% |
| 2 | Industrials | 16.53% |
| 3 | Consumer Staples | 12.16% |
| 4 | Healthcare | 6.63% |
| 5 | Technology | 5.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Signet Jewelers
SIG
$3.56B
| $232M | 6.61% |
1,867,627
+279,226
| +18% | +$31.8M |
|
2
TransDigm Group
TDG
$67.9B
| $165M | 4.72% |
750,851
-127,885
| -15% | -$27.9M |
|
3
Molson Coors Class B
TAP
$7.68B
| $164M | 4.68% |
1,705,450
-376,500
| -18% | -$33.6M |
|
|
4
Alphabet (Google) Class C
GOOG
$4.22T
| $146M | 4.16% |
+3,910,000
| New | +$140M |
|
|
LVNTA
5
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $145M | 4.15% |
+3,711,866
| New | +$141M |
|
|
AGN
6
CALL
DELISTED
Allergan plc
AGN
| $134M | 3.83% |
+500,000
| New | +$143M |
|
|
AGN
7
DELISTED
Allergan plc
AGN
| $134M | 3.83% |
500,000
-265,800
| -35% | -$76.1M |
|
8
Constellation Brands
STZ
$22.7B
| $133M | 3.81% |
882,329
-374,700
| -30% | -$54.1M |
|
9
LKQ Corp
LKQ
$6.47B
| $130M | 3.72% |
4,084,901
-610,274
| -13% | -$17M |
|
10
Dollar Tree
DLTR
$24.2B
| $129M | 3.67% |
1,559,562
-272,736
| -15% | -$21.5M |
|
11
Corpay
CPAY
$23.9B
| $127M | 3.62% |
852,500
+150,100
| +21% | +$19.5M |
|
|
12
PayPal
PYPL
$49.9B
| $124M | 3.53% |
+3,203,686
| New | +$116M |
|
|
TMH
13
DELISTED
Team Health Holdings Inc
TMH
| $123M | 3.51% |
2,940,943
+35,000
| +1% | +$1.43M |
|
14
Middleby
MIDD
$6.02B
| $121M | 3.46% |
1,133,832
-140,000
| -11% | -$13.2M |
|
15
NVR
NVR
$17.5B
| $120M | 3.43% |
69,360
-11,667
| -14% | -$18.9M |
|
|
CST
16
DELISTED
CST Brands, Inc.
CST
| $115M | 3.29% |
3,007,568
+342,227
| +13% | +$12.6M |
|
|
WBC
17
DELISTED
WABCO HOLDINGS INC.
WBC
| $108M | 3.07% |
1,005,583
-329,490
| -25% | -$31.1M |
|
18
Booking.com
BKNG
$141B
| $99M | 2.83% |
1,919,725
-338,750
| -15% | -$16.2M |
|
|
WBT
19
DELISTED
Welbilt, Inc.
WBT
| $96.8M | 2.76% |
+6,569,214
| New | +$95.5M |
|
20
Marathon Petroleum
MPC
$91.3B
| $94.8M | 2.71% |
2,550,166
-71,200
| -3% | -$2.71M |
|
21
United Airlines
UAL
$37.5B
| $89.1M | 2.54% |
1,488,100
-475,000
| -24% | -$25.2M |
|
|
WCG
22
DELISTED
Wellcare Health Plans, Inc.
WCG
| $86.2M | 2.46% |
929,295
-814,261
| -47% | -$67.5M |
|
|
23
Acadia Healthcare
ACHC
$3.17B
| $83.7M | 2.39% |
+1,518,511
| New | +$86.7M |
|
24
Delta Air Lines
DAL
$55.4B
| $81M | 2.31% |
1,664,150
+20,000
| +1% | +$934K |
|
|
ETFC
25
DELISTED
E*Trade Financial Corporation
ETFC
| $72.4M | 2.07% |
2,955,992
+1,095,000
| +59% | +$26.5M |
|
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Pennant Capital Management's Q1 2016 Portfolio in Review
As of Q1 2016, Pennant Capital Management held 44 positions worth $3.5B, down 11% from $3.93B the previous quarter. Its ten largest holdings account for 43% of the portfolio.
Pennant Capital Management withdrew a net $368M in Q1 2016, closing 7 positions and reducing 19 holdings. Its most notable exit was Anywhere Real Estate, an estimated $102M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 27% of assets, up from 24% a quarter earlier, followed by Industrials and Consumer Staples.
Against the trend, Pennant Capital Management opened a new position in Liberty Interactive Corporation Series A Liberty Ventures worth $145M.
- Pennant Capital Management's largest Q1 2016 buy was Liberty Interactive Corporation Series A Liberty Ventures: 3,711,866 shares worth $145M.
- Pennant Capital Management added most to NETSCOUT in Q1 2016, an estimated $43.3M increase.
- Pennant Capital Management's biggest Q1 2016 reduction was Manitowoc, cutting an estimated $105M.
- Pennant Capital Management fully exited Anywhere Real Estate in Q1 2016, selling an estimated $102M.
- Pennant Capital Management's ten largest holdings make up 43% of its $3.5B portfolio in Q1 2016.
- Pennant Capital Management opened 6 new positions and closed 7 in Q1 2016.
- Pennant Capital Management's portfolio value fell 11% quarter-over-quarter to $3.5B.
Based on Pennant Capital Management's 13F filing for Q1 2016, filed 16 May 2016.