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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
+0.39%
1 Year Est. Return
+19.37%
3 Year Est. Return
+35.16%
5 Year Est. Return
+101.64%
10 Year Est. Return
–
AUM
$2.57B
AUM Growth
-$286M
(-10%)
Cap. Flow
-$223M
Cap. Flow
% of AUM
-8.69%
Top 10 Holdings %
Top 10 Hldgs %
50.76%
Holding
51
New
12
Increased
8
Reduced
15
Closed
13
Top Buys
| 1 |
Cognizant
CTSH
|
+$93.1M |
| 2 |
MIK
Michaels Stores, Inc
MIK
|
+$84.9M |
| 3 |
Procter & Gamble
PG
|
+$72M |
| 4 |
Dycom Industries
DY
|
+$60M |
| 5 |
ARRS
ARRIS International plc Ordinary Shares
ARRS
|
+$57.5M |
Top Sells
| 1 |
AGN
Allergan plc
AGN
|
+$143M |
| 2 |
LVNTA
Liberty Interactive Corporation Series A Liberty Ventures
LVNTA
|
+$117M |
| 3 |
Alphabet (Google) Class C
GOOG
|
+$91.3M |
| 4 |
Leidos
LDOS
|
+$81.9M |
| 5 |
WBC
WABCO HOLDINGS INC.
WBC
|
+$67.2M |
Sector Composition
| 1 | Consumer Staples | 14.78% |
| 2 | Financials | 12.3% |
| 3 | Technology | 8.93% |
| 4 | Consumer Discretionary | 7.89% |
| 5 | Healthcare | 7.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.6B
| $311M | 12.11% |
+6,020,000
| New | +$312M |
|
2
PUT
State Street Technology Select Sector SPDR ETF
XLK
$114B
| $160M | 6.21% |
+6,600,000
| New | +$158M |
|
3
CALL
SPDR Gold Trust
GLD
$130B
| $148M | 5.76% |
1,350,000
| – | – |
|
4
Molson Coors Class B
TAP
$7.68B
| $141M | 5.47% |
1,444,125
-150,950
| -9% | -$15.4M |
|
5
Acadia Healthcare
ACHC
$3.17B
| $106M | 4.13% |
3,210,062
+1,198,851
| +60% | +$46.5M |
|
6
Corpay
CPAY
$23.9B
| $101M | 3.91% |
710,864
+132,389
| +23% | +$20.7M |
|
|
7
Cognizant
CTSH
$21.2B
| $97.5M | 3.79% |
+1,739,800
| New | +$93.1M |
|
8
Dollar Tree
DLTR
$24.2B
| $85.2M | 3.32% |
1,104,537
-286,400
| -21% | -$23M |
|
|
WCG
9
DELISTED
Wellcare Health Plans, Inc.
WCG
| $80M | 3.11% |
583,895
-46,050
| -7% | -$5.87M |
|
10
PayPal
PYPL
$49.9B
| $76M | 2.96% |
1,924,561
+347,050
| +22% | +$13.9M |
|
|
MIK
11
DELISTED
Michaels Stores, Inc
MIK
| $74.7M | 2.91% |
+3,654,121
| New | +$84.9M |
|
|
ETFC
12
DELISTED
E*Trade Financial Corporation
ETFC
| $72.1M | 2.8% |
2,080,692
-1,061,200
| -34% | -$33.9M |
|
13
Bank of America
BAC
$430B
| $71.6M | 2.79% |
3,241,900
-271,700
| -8% | -$5.23M |
|
|
14
Procter & Gamble
PG
$349B
| $71.1M | 2.76% |
+845,142
| New | +$72M |
|
15
Antero Resources
AR
$10.4B
| $62.7M | 2.44% |
2,653,240
+437,540
| +20% | +$11.2M |
|
16
LKQ Corp
LKQ
$6.47B
| $61.2M | 2.38% |
1,997,195
-511,950
| -20% | -$16.7M |
|
|
ARRS
17
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $59.8M | 2.32% |
+1,983,424
| New | +$57.5M |
|
|
18
Dycom Industries
DY
$12.2B
| $59.5M | 2.32% |
+741,550
| New | +$60M |
|
19
Cheniere Energy
LNG
$55B
| $54.6M | 2.12% |
+1,318,094
| New | +$53.2M |
|
|
NXTM
20
DELISTED
NxStage Medical Inc.
NXTM
| $50.5M | 1.97% |
1,927,408
+1,530,043
| +385% | +$37.8M |
|
|
TMH
21
DELISTED
Team Health Holdings Inc
TMH
| $50.3M | 1.96% |
1,158,131
-122,529
| -10% | -$5.06M |
|
22
Constellation Brands
STZ
$22.7B
| $50.2M | 1.95% |
327,596
-343,780
| -51% | -$54.6M |
|
|
23
Alphabet (Google) Class C
GOOG
$4.22T
| $49.9M | 1.94% |
1,293,500
-2,345,000
| -64% | -$91.3M |
|
24
Citizens Financial Group
CFG
$30.6B
| $49.9M | 1.94% |
1,399,357
-867,250
| -38% | -$26.3M |
|
25
TransDigm Group
TDG
$67.9B
| $49M | 1.9% |
196,649
-171,127
| -47% | -$44.9M |
|
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Pennant Capital Management's Q4 2016 Portfolio in Review
As of Q4 2016, Pennant Capital Management held 51 positions worth $2.57B, down 10% from $2.86B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Pennant Capital Management withdrew a net $223M in Q4 2016, closing 13 positions and reducing 15 holdings. Its most notable exit was Allergan plc, an estimated $143M position sold in full.
By sector, the portfolio is most concentrated in Consumer Staples at 15% of assets, down from 15% a quarter earlier, followed by Financials and Technology.
Against the trend, Pennant Capital Management opened a new position in Cognizant worth $97.5M.
- Pennant Capital Management's largest Q4 2016 buy was Cognizant: 1,739,800 shares worth $97.5M.
- Pennant Capital Management added most to Acadia Healthcare in Q4 2016, an estimated $46.5M increase.
- Pennant Capital Management's biggest Q4 2016 reduction was Alphabet (Google) Class C, cutting an estimated $91.3M.
- Pennant Capital Management fully exited Allergan plc in Q4 2016, selling an estimated $143M.
- Pennant Capital Management's ten largest holdings make up 51% of its $2.57B portfolio in Q4 2016.
- Pennant Capital Management opened 12 new positions and closed 13 in Q4 2016.
- Pennant Capital Management's portfolio value fell 10% quarter-over-quarter to $2.57B.
Based on Pennant Capital Management's 13F filing for Q4 2016, filed 14 Feb 2017.