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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
+1.65%
1 Year Est. Return
+19.37%
3 Year Est. Return
+35.16%
5 Year Est. Return
+101.64%
10 Year Est. Return
–
AUM
$3.9B
AUM Growth
+$396M
(+11%)
Cap. Flow
+$387M
Cap. Flow
% of AUM
9.94%
Top 10 Holdings %
Top 10 Hldgs %
49.16%
Holding
47
New
10
Increased
9
Reduced
21
Closed
6
Top Buys
| 1 |
AGN
Allergan plc
AGN
|
+$155M |
| 2 |
LGF
Lions Gate Entertainment
LGF
|
+$103M |
| 3 |
Charter Communications
CHTR
|
+$67M |
| 4 |
BP
BP
|
+$64M |
| 5 |
Alphabet (Google) Class C
GOOG
|
+$31.9M |
Top Sells
| 1 |
Middleby
MIDD
|
+$121M |
| 2 |
Marathon Petroleum
MPC
|
+$94.8M |
| 3 |
Signet Jewelers
SIG
|
+$93.3M |
| 4 |
United Airlines
UAL
|
+$89.1M |
| 5 |
Delta Air Lines
DAL
|
+$81M |
Sector Composition
| 1 | Consumer Discretionary | 21.07% |
| 2 | Consumer Staples | 12.12% |
| 3 | Healthcare | 9.92% |
| 4 | Industrials | 6.56% |
| 5 | Communication Services | 6.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P Metals & Mining ETF
XME
$3.9B
| $305M | 7.83% |
+12,500,000
| New | +$281M |
|
|
AGN
2
DELISTED
Allergan plc
AGN
| $271M | 6.94% |
1,171,614
+671,614
| +134% | +$155M |
|
|
AGN
3
CALL
DELISTED
Allergan plc
AGN
| $254M | 6.52% |
1,100,000
+600,000
| +120% | +$138M |
|
4
Dollar Tree
DLTR
$24.2B
| $182M | 4.66% |
1,928,837
+369,275
| +24% | +$31.2M |
|
|
5
Alphabet (Google) Class C
GOOG
$4.22T
| $166M | 4.26% |
4,798,500
+888,500
| +23% | +$31.9M |
|
6
Molson Coors Class B
TAP
$7.68B
| $160M | 4.1% |
1,581,175
-124,275
| -7% | -$12.2M |
|
7
TransDigm Group
TDG
$67.9B
| $158M | 4.04% |
597,776
-153,075
| -20% | -$37.4M |
|
|
CST
8
DELISTED
CST Brands, Inc.
CST
| $148M | 3.79% |
3,429,716
+422,148
| +14% | +$16.7M |
|
9
LKQ Corp
LKQ
$6.47B
| $139M | 3.56% |
4,378,901
+294,000
| +7% | +$9.55M |
|
|
LVNTA
10
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $135M | 3.45% |
3,628,716
-83,150
| -2% | -$3.16M |
|
11
Constellation Brands
STZ
$22.7B
| $131M | 3.36% |
791,476
-90,853
| -10% | -$14.2M |
|
12
NVR
NVR
$17.5B
| $117M | 3.01% |
65,860
-3,500
| -5% | -$5.98M |
|
13
Corpay
CPAY
$23.9B
| $117M | 2.99% |
814,175
-38,325
| -4% | -$5.7M |
|
|
TMH
14
DELISTED
Team Health Holdings Inc
TMH
| $114M | 2.93% |
2,808,718
-132,225
| -4% | -$5.77M |
|
15
PayPal
PYPL
$49.9B
| $112M | 2.87% |
3,059,611
-144,075
| -4% | -$5.51M |
|
16
Booking.com
BKNG
$141B
| $109M | 2.78% |
2,173,225
+253,500
| +13% | +$13.2M |
|
|
LGF
17
DELISTED
Lions Gate Entertainment
LGF
| $99.6M | 2.55% |
+4,921,999
| New | +$103M |
|
|
WCG
18
DELISTED
Wellcare Health Plans, Inc.
WCG
| $95.2M | 2.44% |
887,445
-41,850
| -5% | -$4.09M |
|
|
WBC
19
DELISTED
WABCO HOLDINGS INC.
WBC
| $91.1M | 2.34% |
995,383
-10,200
| -1% | -$1.08M |
|
20
Acadia Healthcare
ACHC
$3.17B
| $90.4M | 2.32% |
1,631,511
+113,000
| +7% | +$6.61M |
|
|
ETFC
21
DELISTED
E*Trade Financial Corporation
ETFC
| $89M | 2.28% |
3,790,992
+835,000
| +28% | +$21.2M |
|
|
WBT
22
DELISTED
Welbilt, Inc.
WBT
| $80.4M | 2.06% |
4,565,562
-2,003,652
| -31% | -$31.9M |
|
|
23
Signet Jewelers
SIG
$3.56B
| $78.2M | 2.01% |
949,109
-918,518
| -49% | -$93.3M |
|
|
24
Charter Communications
CHTR
$16.2B
| $71.3M | 1.83% |
+311,763
| New | +$67M |
|
|
25
BP
BP
$108B
| $71M | 1.82% |
+2,376,994
| New | +$64M |
|
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Pennant Capital Management's Q2 2016 Portfolio in Review
As of Q2 2016, Pennant Capital Management held 47 positions worth $3.9B, up 11% from $3.5B the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Pennant Capital Management deployed $387M of net new capital in Q2 2016, opening 10 new positions and adding to 9 existing holdings. Its largest new stake was Lions Gate Entertainment: 4,921,999 shares worth $99.6M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 21% of assets, down from 27% a quarter earlier, followed by Consumer Staples and Healthcare.
On the sell side, the largest reduction was Signet Jewelers, an estimated $93.3M trimmed.
- Pennant Capital Management's largest Q2 2016 buy was Lions Gate Entertainment: 4,921,999 shares worth $99.6M.
- Pennant Capital Management added most to Allergan plc in Q2 2016, an estimated $155M increase.
- Pennant Capital Management's biggest Q2 2016 reduction was Signet Jewelers, cutting an estimated $93.3M.
- Pennant Capital Management fully exited Middleby in Q2 2016, selling an estimated $121M.
- Pennant Capital Management's ten largest holdings make up 49% of its $3.9B portfolio in Q2 2016.
- Pennant Capital Management opened 10 new positions and closed 6 in Q2 2016.
- Pennant Capital Management's portfolio value rose 11% quarter-over-quarter to $3.9B.
Based on Pennant Capital Management's 13F filing for Q2 2016, filed 15 Aug 2016.