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Pennant Investors Portfolio holdings
AUM
$361M
1-Year Est. Return
134.26%
This Fund
S&P 500
This Quarter
Est. Return
-22.68%
1 Year Est. Return
+134.26%
3 Year Est. Return
+359.01%
5 Year Est. Return
+289.76%
10 Year Est. Return
–
AUM
$241M
AUM Growth
-$27.3M
(-10%)
Cap. Flow
+$38M
Cap. Flow
% of AUM
15.8%
Top 10 Holdings %
Top 10 Hldgs %
76.59%
Holding
19
New
2
Increased
7
Reduced
6
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Antero Resources
AR
|
+$24.8M |
| 2 |
Antero Midstream
AM
|
+$18.2M |
| 3 |
Blackstone
BX
|
+$17.4M |
| 4 |
Alphabet (Google) Class A
GOOGL
|
+$16.8M |
| 5 |
Energy Transfer Partners
ET
|
+$12.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cognizant
CTSH
|
+$14.3M |
| 2 |
CISN
Cision Ltd. Ordinary Share
CISN
|
+$13.3M |
| 3 |
AM
ANTERO MIDSTREAM PARTNERS LP
AM
|
+$11.5M |
| 4 |
Conduent
CNDT
|
+$8.78M |
| 5 |
TransDigm Group
TDG
|
+$7.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 27.09% |
| 2 | Financials | 16.83% |
| 3 | Communication Services | 14.46% |
| 4 | Utilities | 11.2% |
| 5 | Industrials | 11.14% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Antero Resources
AR
$11.1B
| $25.2M | 10.45% |
2,680,000
+1,680,000
| +168% | +$24.8M |
|
|
2
Energy Transfer Partners
ET
$70.1B
| $22.7M | 9.42% |
1,716,000
+806,000
| +89% | +$12.2M |
|
|
3
Alphabet (Google) Class A
GOOGL
$4.36T
| $21.4M | 8.9% |
410,000
+310,000
| +310% | +$16.8M |
|
|
ATH
4
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| $19.7M | 8.19% |
495,000
+145,000
| +41% | +$6.53M |
|
|
5
Antero Midstream
AM
$10.4B
| $17.4M | 7.22% |
1,554,775
+1,190,375
| +327% | +$18.2M |
|
6
NRG Energy
NRG
$28.3B
| $16.7M | 6.93% |
421,000
-179,000
| -30% | -$6.85M |
|
|
CISN
7
DELISTED
Cision Ltd. Ordinary Share
CISN
| $16.2M | 6.74% |
1,386,769
-976,099
| -41% | -$13.3M |
|
8
Amazon
AMZN
$2.92T
| $15.8M | 6.55% |
210,000
+110,000
| +110% | +$9.15M |
|
|
9
Blackstone
BX
$102B
| $15.7M | 6.5% |
+525,000
| New | +$17.4M |
|
|
10
TransDigm Group
TDG
$70.2B
| $13.7M | 5.69% |
40,300
-20,970
| -34% | -$7.2M |
|
11
Charter Communications
CHTR
$17.3B
| $13.4M | 5.56% |
47,000
-21,000
| -31% | -$6.59M |
|
|
FDC
12
DELISTED
First Data Corporation
FDC
| $13.1M | 5.44% |
775,000
+165,000
| +27% | +$3.22M |
|
13
Vistra
VST
$50B
| $10.3M | 4.28% |
450,000
| – | – |
|
|
ZAYO
14
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $9.14M | 3.79% |
+400,000
| New | +$11M |
|
15
The Mosaic Company
MOS
$7.03B
| $5.27M | 2.19% |
180,500
-179,500
| -50% | -$5.91M |
|
|
FG
16
DELISTED
FGL Holdings Ordinary Shares
FG
| $5.16M | 2.14% |
775,100
-869,900
| -53% | -$6.75M |
|
|
17
Conduent
CNDT
$244M
| – | – |
-390,000
| Closed | -$8.78M |
|
|
18
Cognizant
CTSH
$24.9B
| – | – |
-185,000
| Closed | -$14.3M |
|
|
AM
19
DELISTED
ANTERO MIDSTREAM PARTNERS LP
AM
| – | – |
-400,000
| Closed | -$11.5M |
|
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Pennant Investors's Q4 2018 Portfolio in Review
As of Q4 2018, Pennant Investors held 19 positions worth $241M, down 10% from $268M the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Pennant Investors deployed $38M of net new capital in Q4 2018, opening 2 new positions and adding to 7 existing holdings. Its largest new stake was Blackstone: 525,000 shares worth $15.7M.
By sector, the portfolio is most concentrated in Energy at 27% of assets, up from 19% a quarter earlier, followed by Financials and Communication Services.
On the sell side, the largest reduction was Cision Ltd. Ordinary Share, an estimated $13.3M trimmed.
- Pennant Investors's largest Q4 2018 buy was Blackstone: 525,000 shares worth $15.7M.
- Pennant Investors added most to Antero Resources in Q4 2018, an estimated $24.8M increase.
- Pennant Investors's biggest Q4 2018 reduction was Cision Ltd. Ordinary Share, cutting an estimated $13.3M.
- Pennant Investors fully exited Cognizant in Q4 2018, selling an estimated $14.3M.
- Pennant Investors's ten largest holdings make up 77% of its $241M portfolio in Q4 2018.
- Pennant Investors opened 2 new positions and closed 3 in Q4 2018.
- Pennant Investors's portfolio value fell 10% quarter-over-quarter to $241M.
Based on Pennant Investors's 13F filing for Q4 2018, filed 14 Feb 2019.