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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
+4.03%
1 Year Est. Return
+134.26%
3 Year Est. Return
+359.01%
5 Year Est. Return
+289.76%
10 Year Est. Return
–
AUM
$227M
AUM Growth
-$19.7M
(-8%)
Cap. Flow
-$22.2M
Cap. Flow
% of AUM
-9.79%
Top 10 Holdings %
Top 10 Hldgs %
82.59%
Holding
20
New
3
Increased
5
Reduced
6
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Aramark
ARMK
|
+$12.6M |
| 2 |
PG&E
PCG
|
+$6.03M |
| 3 |
CISN
Cision Ltd. Ordinary Share
CISN
|
+$3.98M |
| 4 |
TransDigm Group
TDG
|
+$3.84M |
| 5 |
The Mosaic Company
MOS
|
+$3.54M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ATH
Athene Holding Ltd. Class A Common Shares
ATH
|
+$16.1M |
| 2 |
Charter Communications
CHTR
|
+$9.37M |
| 3 |
Alphabet (Google) Class A
GOOGL
|
+$9.26M |
| 4 |
Vistra
VST
|
+$8.54M |
| 5 |
Blackstone
BX
|
+$3.39M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 18.9% |
| 2 | Communication Services | 18.77% |
| 3 | Industrials | 16.96% |
| 4 | Financials | 8.62% |
| 5 | Technology | 8.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Charter Communications
CHTR
$17.3B
| $30.4M | 13.42% |
77,000
-25,000
| -25% | -$9.37M |
|
|
2
TransDigm Group
TDG
$70.2B
| $24.4M | 10.78% |
50,500
+8,200
| +19% | +$3.84M |
|
|
3
Blackstone
BX
$102B
| $19.5M | 8.62% |
440,000
-85,000
| -16% | -$3.39M |
|
4
Antero Midstream
AM
$10.4B
| $18.3M | 8.09% |
1,600,000
+45,225
| +3% | +$579K |
|
|
CISN
5
DELISTED
Cision Ltd. Ordinary Share
CISN
| $17.9M | 7.91% |
1,529,000
+335,564
| +28% | +$3.98M |
|
6
Energy Transfer Partners
ET
$70.1B
| $17.3M | 7.64% |
1,230,000
-161,000
| -12% | -$2.38M |
|
|
ZAYO
7
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $15.6M | 6.89% |
475,000
-50,000
| -10% | -$1.6M |
|
8
Amazon
AMZN
$2.92T
| $15M | 6.6% |
158,000
| – | – |
|
|
9
The Mosaic Company
MOS
$7.03B
| $14.6M | 6.46% |
585,000
+145,000
| +33% | +$3.54M |
|
|
10
Aramark
ARMK
$15B
| $14M | 6.19% |
+538,765
| New | +$12.6M |
|
|
11
Alphabet (Google) Class A
GOOGL
$4.36T
| $12.1M | 5.35% |
224,000
-160,000
| -42% | -$9.26M |
|
|
12
PG&E
PCG
$38.3B
| $11.8M | 5.21% |
515,000
+300,000
| +140% | +$6.03M |
|
13
Antero Resources
AR
$11.1B
| $7.19M | 3.17% |
1,300,000
-250,000
| -16% | -$1.8M |
|
|
14
CALL
The Mosaic Company
MOS
$7.03B
| $7.01M | 3.09% |
+280,000
| New | +$6.83M |
|
15
Micron Technology
MU
$930B
| $1.35M | 0.6% |
+35,000
| New | +$1.33M |
|
|
16
CALL
Antero Resources
AR
$11.1B
| – | – |
-500,000
| Closed | -$4.42M |
|
17
NRG Energy
NRG
$28.3B
| – | – |
-50,000
| Closed | -$2.12M |
|
|
18
Vistra
VST
$50B
| – | – |
-328,000
| Closed | -$8.54M |
|
|
ATH
19
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
| – | – |
-395,000
| Closed | -$16.1M |
|
|
FG
20
DELISTED
FGL Holdings Ordinary Shares
FG
| – | – |
-244,880
| Closed | -$1.93M |
|
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BCC
PPG
VWM
PWC
DAS
MCM
DF
SWM
Pennant Investors's Q2 2019 Portfolio in Review
As of Q2 2019, Pennant Investors held 20 positions worth $227M, down 8% from $246M the previous quarter. Its ten largest holdings account for 83% of the portfolio.
Pennant Investors withdrew a net $22.2M in Q2 2019, closing 5 positions and reducing 6 holdings. Its most notable exit was Athene Holding Ltd. Class A Common Shares, an estimated $16.1M position sold in full.
By sector, the portfolio is most concentrated in Energy at 19% of assets, down from 23% a quarter earlier, followed by Communication Services and Industrials.
Against the trend, Pennant Investors opened a new position in Aramark worth $14M.
- Pennant Investors's largest Q2 2019 buy was Aramark: 538,765 shares worth $14M.
- Pennant Investors added most to PG&E in Q2 2019, an estimated $6.03M increase.
- Pennant Investors's biggest Q2 2019 reduction was Charter Communications, cutting an estimated $9.37M.
- Pennant Investors fully exited Athene Holding Ltd. Class A Common Shares in Q2 2019, selling an estimated $16.1M.
- Pennant Investors's ten largest holdings make up 83% of its $227M portfolio in Q2 2019.
- Pennant Investors opened 3 new positions and closed 5 in Q2 2019.
- Pennant Investors's portfolio value fell 8% quarter-over-quarter to $227M.
Based on Pennant Investors's 13F filing for Q2 2019, filed 14 Aug 2019.