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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
+0.05%
1 Year Est. Return
+19.37%
3 Year Est. Return
+35.16%
5 Year Est. Return
+101.64%
10 Year Est. Return
–
AUM
$1.7B
AUM Growth
-$411M
(-19%)
Cap. Flow
-$450M
Cap. Flow
% of AUM
-26.45%
Top 10 Holdings %
Top 10 Hldgs %
49.27%
Holding
61
New
19
Increased
5
Reduced
13
Closed
22
Top Buys
| 1 |
ZAYO
Zayo Group Holdings, Inc.
ZAYO
|
+$41.4M |
| 2 |
Elevance Health
ELV
|
+$40.6M |
| 3 |
Antero Midstream
AM
|
+$39.7M |
| 4 |
X
US Steel
X
|
+$37.5M |
| 5 |
UPL
Ultra Petroleum Corp. Common Stock
UPL
|
+$29.1M |
Top Sells
| 1 |
Molson Coors Class B
TAP
|
+$99.5M |
| 2 |
Constellation Brands
STZ
|
+$79.2M |
| 3 |
TransDigm Group
TDG
|
+$67.7M |
| 4 |
PayPal
PYPL
|
+$67.5M |
| 5 |
Bank of America
BAC
|
+$63.5M |
Sector Composition
| 1 | Healthcare | 14.84% |
| 2 | Technology | 12.97% |
| 3 | Industrials | 10.45% |
| 4 | Energy | 10.06% |
| 5 | Financials | 9.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
CALL
Constellation Brands
STZ
$22.7B
| $136M | 7.97% |
700,000
| – | – |
|
|
ATH
2
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $104M | 6.09% |
2,086,565
+82,290
| +4% | +$4.22M |
|
3
Antero Resources
AR
$10.4B
| $79.8M | 4.69% |
3,692,504
+63,299
| +2% | +$1.36M |
|
|
4
TransDigm Group
TDG
$67.9B
| $78.6M | 4.62% |
292,249
-266,900
| -48% | -$67.7M |
|
5
Corpay
CPAY
$23.9B
| $76M | 4.47% |
526,814
+36,250
| +7% | +$5.18M |
|
|
MIK
6
DELISTED
Michaels Stores, Inc
MIK
| $75.7M | 4.45% |
4,089,660
+1,207,701
| +42% | +$25.1M |
|
7
CALL
Amazon
AMZN
$2.66T
| $72.6M | 4.27% |
+1,500,000
| New | +$71.6M |
|
8
CALL
Meta Platforms (Facebook)
META
$1.64T
| $72.5M | 4.26% |
+480,000
| New | +$71.4M |
|
9
Huntsman Corp
HUN
$2.07B
| $72.2M | 4.25% |
2,793,830
+234,400
| +9% | +$5.81M |
|
10
Cognizant
CTSH
$21.2B
| $71.4M | 4.2% |
1,075,100
-188,000
| -15% | -$11.9M |
|
11
CALL
Alphabet (Google) Class A
GOOGL
$4.23T
| $69.7M | 4.1% |
+1,500,000
| New | +$70.2M |
|
12
Acadia Healthcare
ACHC
$3.17B
| $65.6M | 3.86% |
1,328,735
-546,439
| -29% | -$24.2M |
|
13
Evolent Health
EVH
$654M
| $55.8M | 3.28% |
2,201,130
-641,891
| -23% | -$15.4M |
|
14
Dycom Industries
DY
$12.2B
| $51.5M | 3.03% |
575,550
-166,000
| -22% | -$16.1M |
|
|
TMH
15
DELISTED
Team Health Holdings Inc
TMH
| $50.4M | 2.96% |
1,158,131
| – | – |
|
16
ATI
ATI
$25.4B
| $47.5M | 2.8% |
2,794,363
-309,737
| -10% | -$5.21M |
|
|
NXTM
17
DELISTED
NxStage Medical Inc.
NXTM
| $46.5M | 2.73% |
1,855,066
-72,342
| -4% | -$1.79M |
|
18
Conduent
CNDT
$251M
| $42.6M | 2.51% |
2,674,547
-1,040,498
| -28% | -$17M |
|
|
19
Elevance Health
ELV
$80.9B
| $42.5M | 2.5% |
+226,000
| New | +$40.6M |
|
20
Cigna
CI
$74.5B
| $42M | 2.47% |
250,900
-71,600
| -22% | -$11.5M |
|
|
XOG
21
DELISTED
Extraction Oil & Gas, Inc. Common Stock
XOG
| $41.2M | 2.42% |
3,060,488
-403,873
| -12% | -$6.31M |
|
|
22
Antero Midstream
AM
$10.7B
| $40.2M | 2.37% |
+1,830,047
| New | +$39.7M |
|
|
ZAYO
23
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $39.1M | 2.3% |
+1,264,275
| New | +$41.4M |
|
|
ETFC
24
DELISTED
E*Trade Financial Corporation
ETFC
| $36.4M | 2.14% |
956,792
-1,029,300
| -52% | -$36.4M |
|
|
X
25
DELISTED
US Steel
X
| $35M | 2.06% |
+1,583,000
| New | +$37.5M |
|
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Pennant Capital Management's Q2 2017 Portfolio in Review
As of Q2 2017, Pennant Capital Management held 61 positions worth $1.7B, down 19% from $2.11B the previous quarter. Its ten largest holdings account for 49% of the portfolio.
Pennant Capital Management withdrew a net $450M in Q2 2017, closing 22 positions and reducing 13 holdings. Its most notable exit was Molson Coors Class B, an estimated $99.5M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 15% of assets, up from 14% a quarter earlier, followed by Technology and Industrials.
Against the trend, Pennant Capital Management opened a new position in Zayo Group Holdings, Inc. worth $39.1M.
- Pennant Capital Management's largest Q2 2017 buy was Zayo Group Holdings, Inc.: 1,264,275 shares worth $39.1M.
- Pennant Capital Management added most to Michaels Stores, Inc in Q2 2017, an estimated $25.1M increase.
- Pennant Capital Management's biggest Q2 2017 reduction was TransDigm Group, cutting an estimated $67.7M.
- Pennant Capital Management fully exited Molson Coors Class B in Q2 2017, selling an estimated $99.5M.
- Pennant Capital Management's ten largest holdings make up 49% of its $1.7B portfolio in Q2 2017.
- Pennant Capital Management opened 19 new positions and closed 22 in Q2 2017.
- Pennant Capital Management's portfolio value fell 19% quarter-over-quarter to $1.7B.
Based on Pennant Capital Management's 13F filing for Q2 2017, filed 14 Aug 2017.