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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
+45.57%
1 Year Est. Return
+134.26%
3 Year Est. Return
+359.01%
5 Year Est. Return
+289.76%
10 Year Est. Return
–
AUM
$237M
AUM Growth
-$41M
(-15%)
Cap. Flow
-$109M
Cap. Flow
% of AUM
-45.96%
Top 10 Holdings %
Top 10 Hldgs %
77.42%
Holding
24
New
3
Increased
2
Reduced
12
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
DISH
DISH Network Corp.
DISH
|
+$9.77M |
| 2 |
Bruker
BRKR
|
+$2.95M |
| 3 |
TAST
Carrols Restaurant Group, Inc.
TAST
|
+$151K |
| 4 |
TMUSR
T-Mobile US, Inc. Subscription Rights Expiring 7/27/2020
TMUSR
|
+$45.5K |
| 5 |
Antero Midstream
AM
|
+$26.6K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Johnson & Johnson
JNJ
|
+$10.8M |
| 2 |
Microsoft
MSFT
|
+$10.7M |
| 3 |
TransDigm Group
TDG
|
+$9.35M |
| 4 |
Aramark
ARMK
|
+$8.63M |
| 5 |
Charter Communications
CHTR
|
+$7.61M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 42.1% |
| 2 | Technology | 13.36% |
| 3 | Energy | 9.7% |
| 4 | Consumer Discretionary | 7.65% |
| 5 | Industrials | 7.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
DISH
1
DELISTED
DISH Network Corp.
DISH
| $39M | 16.47% |
1,130,000
+351,221
| +45% | +$9.77M |
|
|
2
Charter Communications
CHTR
$17.3B
| $21.2M | 8.94% |
41,500
-15,000
| -27% | -$7.61M |
|
3
SPDR Gold Trust
GLD
$131B
| $21.1M | 8.9% |
126,000
| – | – |
|
4
Micron Technology
MU
$930B
| $19.4M | 8.2% |
377,000
-54,000
| -13% | -$2.55M |
|
5
Amazon
AMZN
$2.92T
| $17.9M | 7.57% |
130,000
-48,000
| -27% | -$5.8M |
|
6
T-Mobile US
TMUS
$185B
| $17M | 7.17% |
163,000
-56,000
| -26% | -$5.37M |
|
|
7
TransDigm Group
TDG
$70.2B
| $13M | 5.49% |
29,400
-24,700
| -46% | -$9.35M |
|
|
8
Microsoft
MSFT
$3.45T
| $12.2M | 5.16% |
60,000
-59,000
| -50% | -$10.7M |
|
9
Alphabet (Google) Class A
GOOGL
$4.36T
| $12.1M | 5.09% |
170,000
-26,000
| -13% | -$1.75M |
|
10
Walt Disney
DIS
$167B
| $10.5M | 4.44% |
94,400
-29,000
| -24% | -$3.2M |
|
|
11
Antero Midstream
AM
$10.4B
| $10.2M | 4.32% |
2,006,000
+6,000
| +0.3% | +$26.6K |
|
|
12
Johnson & Johnson
JNJ
$618B
| $9.14M | 3.86% |
65,000
-74,000
| -53% | -$10.8M |
|
13
Blackstone
BX
$102B
| $8.78M | 3.71% |
155,000
-35,000
| -18% | -$1.84M |
|
14
Antero Resources
AR
$11.1B
| $8.16M | 3.45% |
3,214,000
-36,000
| -1% | -$94.3K |
|
|
15
CALL
Walt Disney
DIS
$167B
| $5.58M | 2.35% |
50,000
| – | – |
|
16
Energy Transfer Partners
ET
$70.1B
| $4.58M | 1.93% |
643,000
| – | – |
|
|
17
Aramark
ARMK
$15B
| $3.72M | 1.57% |
228,525
-491,675
| -68% | -$8.63M |
|
|
18
Bruker
BRKR
$9.57B
| $3.05M | 1.29% |
+75,000
| New | +$2.95M |
|
|
TAST
19
DELISTED
Carrols Restaurant Group, Inc.
TAST
| $194K | 0.08% |
+40,000
| New | +$151K |
|
|
TMUSR
20
DELISTED
T-Mobile US, Inc. Subscription Rights Expiring 7/27/2020
TMUSR
| $27K | 0.01% |
+162,000
| New | +$45.5K |
|
21
CAE Inc. Common Shares
CAE
$8.3B
| – | – |
-450,000
| Closed | -$5.68M |
|
22
Nokia
NOK
$51B
| – | – |
-410,000
| Closed | -$1.27M |
|
23
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$790B
| – | – |
-180,000
| Closed | -$46.4M |
|
|
BLPH
24
DELISTED
Bellerophon Therapeutics, Inc.
BLPH
| – | – |
-70,132
| Closed | -$769K |
|
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Pennant Investors's Q2 2020 Portfolio in Review
As of Q2 2020, Pennant Investors held 24 positions worth $237M, down 15% from $278M the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Pennant Investors withdrew a net $109M in Q2 2020, closing 4 positions and reducing 12 holdings. Its most notable exit was CAE Inc. Common Shares, an estimated $5.68M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 42% of assets, up from 29% a quarter earlier, followed by Technology and Energy.
Against the trend, Pennant Investors opened a new position in Bruker worth $3.05M.
- Pennant Investors's largest Q2 2020 buy was Bruker: 75,000 shares worth $3.05M.
- Pennant Investors added most to DISH Network Corp. in Q2 2020, an estimated $9.77M increase.
- Pennant Investors's biggest Q2 2020 reduction was Johnson & Johnson, cutting an estimated $10.8M.
- Pennant Investors fully exited CAE Inc. Common Shares in Q2 2020, selling an estimated $5.68M.
- Pennant Investors's ten largest holdings make up 77% of its $237M portfolio in Q2 2020.
- Pennant Investors opened 3 new positions and closed 4 in Q2 2020.
- Pennant Investors's portfolio value fell 15% quarter-over-quarter to $237M.
Based on Pennant Investors's 13F filing for Q2 2020, filed 14 Aug 2020.