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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
-1.47%
1 Year Est. Return
+19.37%
3 Year Est. Return
+35.16%
5 Year Est. Return
+101.64%
10 Year Est. Return
–
AUM
$218M
AUM Growth
-$886M
(-80%)
Cap. Flow
-$865M
Cap. Flow
% of AUM
-396.63%
Top 10 Holdings %
Top 10 Hldgs %
65.52%
Holding
34
New
2
Increased
1
Reduced
18
Closed
12
Top Buys
| 1 |
Charter Communications
CHTR
|
+$14.1M |
| 2 |
The Mosaic Company
MOS
|
+$5.26M |
| 3 |
FG
FGL Holdings Ordinary Shares
FG
|
+$1.84M |
Top Sells
| 1 |
Corpay
CPAY
|
+$63M |
| 2 |
TransDigm Group
TDG
|
+$62.5M |
| 3 |
Cognizant
CTSH
|
+$53.7M |
| 4 |
NRG Energy
NRG
|
+$50.9M |
| 5 |
PTC
PTC
|
+$43.4M |
Sector Composition
| 1 | Technology | 20.94% |
| 2 | Financials | 18.56% |
| 3 | Healthcare | 16.81% |
| 4 | Industrials | 11.6% |
| 5 | Energy | 8.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
NXTM
1
DELISTED
NxStage Medical Inc.
NXTM
| $36.7M | 16.81% |
1,474,524
-281,830
| -16% | -$6.86M |
|
|
ATH
2
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $21M | 9.65% |
440,103
-448,175
| -50% | -$22.3M |
|
|
CISN
3
DELISTED
Cision Ltd. Ordinary Share
CISN
| $13.9M | 6.37% |
1,200,000
-618,574
| -34% | -$7.35M |
|
|
4
Charter Communications
CHTR
$16.3B
| $12.4M | 5.71% |
+40,000
| New | +$14.1M |
|
5
Conduent
CNDT
$244M
| $9.93M | 4.55% |
532,800
-1,774,023
| -77% | -$31.2M |
|
6
Antero Resources
AR
$10.3B
| $9.93M | 4.55% |
500,000
-1,308,082
| -72% | -$25.4M |
|
|
7
NRG Energy
NRG
$27.5B
| $9.92M | 4.55% |
325,000
-1,837,397
| -85% | -$50.9M |
|
|
FG
8
DELISTED
FGL Holdings Ordinary Shares
FG
| $9.85M | 4.51% |
970,000
+187,340
| +24% | +$1.84M |
|
|
9
Cognizant
CTSH
$21.2B
| $9.66M | 4.43% |
120,000
-679,497
| -85% | -$53.7M |
|
|
UPL
10
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
| $9.59M | 4.4% |
2,300,000
-3,536,226
| -61% | -$20.7M |
|
|
TMH
11
DELISTED
Team Health Holdings Inc
TMH
| $9.15M | 4.2% |
1,158,131
| – | – |
|
12
Antero Midstream
AM
$10.7B
| $8.15M | 3.74% |
510,000
-802,610
| -61% | -$15.5M |
|
|
13
TransDigm Group
TDG
$68B
| $7.67M | 3.52% |
25,000
-211,973
| -89% | -$62.5M |
|
|
14
Corpay
CPAY
$24B
| $7.29M | 3.34% |
36,000
-310,443
| -90% | -$63M |
|
|
CDK
15
DELISTED
CDK Global, Inc.
CDK
| $6.33M | 2.9% |
100,000
-454,103
| -82% | -$31.8M |
|
16
ATI
ATI
$25.3B
| $5.92M | 2.71% |
250,000
-1,445,792
| -85% | -$38.8M |
|
|
ZAYO
17
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $5.88M | 2.7% |
172,129
-896,309
| -84% | -$32.3M |
|
18
Huntsman Corp
HUN
$2.07B
| $5.85M | 2.68% |
200,000
-1,035,635
| -84% | -$33.9M |
|
19
Dycom Industries
DY
$12.4B
| $5.38M | 2.47% |
50,000
-323,438
| -87% | -$36.7M |
|
|
20
PTC
PTC
$14.5B
| $4.92M | 2.25% |
63,000
-595,587
| -90% | -$43.4M |
|
|
21
The Mosaic Company
MOS
$7.07B
| $4.86M | 2.23% |
+200,000
| New | +$5.26M |
|
|
USAP
22
DELISTED
Universal Stainless & Alloy
USAP
| $3.79M | 1.74% |
138,011
-258,073
| -65% | -$6.52M |
|
23
Acadia Healthcare
ACHC
$3.13B
| – | – |
-1,283,514
| Closed | -$41.9M |
|
24
Bank of America
BAC
$431B
| – | – |
-706,721
| Closed | -$20.9M |
|
25
Cigna
CI
$74.2B
| – | – |
-133,187
| Closed | -$27M |
|
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Pennant Capital Management's Q1 2018 Portfolio in Review
As of Q1 2018, Pennant Capital Management held 34 positions worth $218M, down 80% from $1.1B the previous quarter. Its ten largest holdings account for 66% of the portfolio.
Pennant Capital Management withdrew a net $865M in Q1 2018, closing 12 positions and reducing 18 holdings. Its most notable exit was Acadia Healthcare, an estimated $41.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 21% of assets, up from 21% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Pennant Capital Management opened a new position in Charter Communications worth $12.4M.
- Pennant Capital Management's largest Q1 2018 buy was Charter Communications: 40,000 shares worth $12.4M.
- Pennant Capital Management added most to FGL Holdings Ordinary Shares in Q1 2018, an estimated $1.84M increase.
- Pennant Capital Management's biggest Q1 2018 reduction was Corpay, cutting an estimated $63M.
- Pennant Capital Management fully exited Acadia Healthcare in Q1 2018, selling an estimated $41.9M.
- Pennant Capital Management's ten largest holdings make up 66% of its $218M portfolio in Q1 2018.
- Pennant Capital Management opened 2 new positions and closed 12 in Q1 2018.
- Pennant Capital Management's portfolio value fell 80% quarter-over-quarter to $218M.
Based on Pennant Capital Management's 13F filing for Q1 2018, filed 15 May 2018.