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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
+8.2%
1 Year Est. Return
+19.37%
3 Year Est. Return
+35.16%
5 Year Est. Return
+101.64%
10 Year Est. Return
–
AUM
$2.86B
AUM Growth
-$1.04B
(-27%)
Cap. Flow
-$1.21B
Cap. Flow
% of AUM
-42.2%
Top 10 Holdings %
Top 10 Hldgs %
50.01%
Holding
53
New
12
Increased
4
Reduced
20
Closed
14
Top Buys
| 1 |
Leidos
LDOS
|
+$85.9M |
| 2 |
Antero Resources
AR
|
+$59M |
| 3 |
Bank of America
BAC
|
+$52.3M |
| 4 |
Citizens Financial Group
CFG
|
+$52.1M |
| 5 |
Huntsman Corp
HUN
|
+$45.8M |
Top Sells
| 1 |
CST
CST Brands, Inc.
CST
|
+$148M |
| 2 |
AGN
Allergan plc
AGN
|
+$134M |
| 3 |
LGF
Lions Gate Entertainment
LGF
|
+$99.6M |
| 4 |
Signet Jewelers
SIG
|
+$78.2M |
| 5 |
Charter Communications
CHTR
|
+$71.3M |
Sector Composition
| 1 | Consumer Staples | 15.1% |
| 2 | Consumer Discretionary | 14.69% |
| 3 | Healthcare | 10.66% |
| 4 | Financials | 9.81% |
| 5 | Technology | 8.82% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AGN
1
CALL
DELISTED
Allergan plc
AGN
| $253M | 8.87% |
1,100,000
| – | – |
|
2
Molson Coors Class B
TAP
$7.68B
| $175M | 6.13% |
1,595,075
+13,900
| +0.9% | +$1.41M |
|
3
CALL
SPDR Gold Trust
GLD
$129B
| $170M | 5.94% |
+1,350,000
| New | +$172M |
|
|
AGN
4
DELISTED
Allergan plc
AGN
| $143M | 5.01% |
621,214
-550,400
| -47% | -$134M |
|
5
Alphabet (Google) Class C
GOOG
$4.21T
| $141M | 4.95% |
3,638,500
-1,160,000
| -24% | -$44M |
|
|
LVNTA
6
DELISTED
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
| $117M | 4.11% |
2,946,716
-682,000
| -19% | -$26.6M |
|
7
Constellation Brands
STZ
$22.7B
| $112M | 3.91% |
671,376
-120,100
| -15% | -$19.8M |
|
8
Dollar Tree
DLTR
$24.3B
| $110M | 3.84% |
1,390,937
-537,900
| -28% | -$48.4M |
|
9
TransDigm Group
TDG
$67.9B
| $106M | 3.72% |
367,776
-230,000
| -38% | -$64.6M |
|
10
Corpay
CPAY
$23.9B
| $100M | 3.52% |
578,475
-235,700
| -29% | -$37.8M |
|
11
Acadia Healthcare
ACHC
$3.13B
| $99.7M | 3.49% |
2,011,211
+379,700
| +23% | +$19.8M |
|
|
ETFC
12
DELISTED
E*Trade Financial Corporation
ETFC
| $91.5M | 3.2% |
3,141,892
-649,100
| -17% | -$16.8M |
|
13
LKQ Corp
LKQ
$6.4B
| $89M | 3.11% |
2,509,145
-1,869,756
| -43% | -$64.8M |
|
14
Booking.com
BKNG
$141B
| $82M | 2.87% |
1,393,225
-780,000
| -36% | -$43.5M |
|
|
15
Leidos
LDOS
$13.4B
| $81.9M | 2.87% |
+1,892,600
| New | +$85.9M |
|
|
WCG
16
DELISTED
Wellcare Health Plans, Inc.
WCG
| $73.8M | 2.58% |
629,945
-257,500
| -29% | -$28.8M |
|
|
WBC
17
DELISTED
WABCO HOLDINGS INC.
WBC
| $67.2M | 2.35% |
592,300
-403,083
| -40% | -$41.1M |
|
18
PayPal
PYPL
$50.2B
| $64.6M | 2.26% |
1,577,511
-1,482,100
| -48% | -$57M |
|
19
NVR
NVR
$17.6B
| $64M | 2.24% |
39,020
-26,840
| -41% | -$45.7M |
|
|
20
Antero Resources
AR
$10.4B
| $59.7M | 2.09% |
+2,215,700
| New | +$59M |
|
|
WBT
21
DELISTED
Welbilt, Inc.
WBT
| $59.1M | 2.07% |
3,643,662
-921,900
| -20% | -$15.7M |
|
22
NETSCOUT
NTCT
$2.94B
| $58.7M | 2.06% |
2,008,045
-1,042,384
| -34% | -$28.6M |
|
|
CQH
23
DELISTED
Cheniere Energy Partners LP Holdings LLC
CQH
| $57.6M | 2.02% |
2,532,361
-22,500
| -0.9% | -$458K |
|
|
24
Citizens Financial Group
CFG
$30.4B
| $56M | 1.96% |
+2,266,607
| New | +$52.1M |
|
|
25
Bank of America
BAC
$428B
| $55M | 1.93% |
+3,513,600
| New | +$52.3M |
|
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Pennant Capital Management's Q3 2016 Portfolio in Review
As of Q3 2016, Pennant Capital Management held 53 positions worth $2.86B, down 27% from $3.9B the previous quarter. Its ten largest holdings account for 50% of the portfolio.
Pennant Capital Management withdrew a net $1.21B in Q3 2016, closing 14 positions and reducing 20 holdings. Its most notable exit was CST Brands, Inc., an estimated $148M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 15% of assets, up from 12% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Pennant Capital Management opened a new position in Leidos worth $81.9M.
- Pennant Capital Management's largest Q3 2016 buy was Leidos: 1,892,600 shares worth $81.9M.
- Pennant Capital Management added most to Acadia Healthcare in Q3 2016, an estimated $19.8M increase.
- Pennant Capital Management's biggest Q3 2016 reduction was Allergan plc, cutting an estimated $134M.
- Pennant Capital Management fully exited CST Brands, Inc. in Q3 2016, selling an estimated $148M.
- Pennant Capital Management's ten largest holdings make up 50% of its $2.86B portfolio in Q3 2016.
- Pennant Capital Management opened 12 new positions and closed 14 in Q3 2016.
- Pennant Capital Management's portfolio value fell 27% quarter-over-quarter to $2.86B.
Based on Pennant Capital Management's 13F filing for Q3 2016, filed 14 Nov 2016.