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Pennant Capital Management, LLC

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13F filer, CIK 1168664, Summit, NJ

Pennant Capital Management, LLC reported $1,700,599,000 across 39 holdings for the quarter ended 2017-06-30, in a 13F-HR filed 2017-08-14. Its ten largest share positions make up 54.5% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000919574-17-006231

Period
2017-06-30
Reported value
$1.7B
Holdings
39
Top 10 weight
54.5%
New
19
Sold out
22

Largest buys vs the previous quarter

SecurityShares changeApprox. value
ELVnew+226,000$42.5M
ANTERO MIDSTREAM GP LPnew+1,830,047$40.2M
ZAYO GROUP HLDGS INC COMnew+1,264,275$39.1M
UNITED STATES STL CORP NEWnew+1,583,000$35M
ULTRA PETROLEUM CORPnew+2,577,209$28M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
TAPexited-1,039,625-$99.5M
STZexited-444,996-$72.1M
TDGreduced-266,900-$71.8M
PYPLexited-1,568,961-$67.5M
BACexited-2,690,500-$63.5M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2017

Share positions as resolved from 13F-HR 0000919574-17-006231, largest first. % of portfolio is the value over $1,339,664,000, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
ATHENE HOLDING LTDATHENE HOLDING LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: 700,000 shares; 2017Q1: 2,004,275 shares; 2017Q2: 2,086,565 shares 2,086,565$104M7.73%+82,290
ARANTERO RESOURCES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: 2,653,240 shares; 2017Q1: 3,629,205 shares; 2017Q2: 3,692,504 shares 3,692,504$79.8M5.96%+63,299Timeline
TDGTRANSDIGM GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: 196,649 shares; 2017Q1: 559,149 shares; 2017Q2: 292,249 shares 292,249$78.6M5.87%-266,900Timeline
FLEETCOR TECHNOLOGIES INCFLEETCOR TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: 710,864 shares; 2017Q1: 490,564 shares; 2017Q2: 526,814 shares 526,814$76M5.67%+36,250
MICHAELS COS INCMICHAELS COS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: 3,654,121 shares; 2017Q1: 2,881,959 shares; 2017Q2: 4,089,660 shares 4,089,660$75.7M5.65%+1,207,701
HUNHUNTSMAN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: 2,499,430 shares; 2017Q1: 2,559,430 shares; 2017Q2: 2,793,830 shares 2,793,830$72.2M5.39%+234,400Timeline
CTSHCOGNIZANT TECHNOLOGY SOLUTIOQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: 1,739,800 shares; 2017Q1: 1,263,100 shares; 2017Q2: 1,075,100 shares 1,075,100$71.4M5.33%-188,000Timeline
ACHCACADIA HEALTHCARE COMPANY INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: 3,210,062 shares; 2017Q1: 1,875,174 shares; 2017Q2: 1,328,735 shares 1,328,735$65.6M4.9%-546,439Timeline
EVHEVOLENT HEALTH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: 2,761,721 shares; 2017Q1: 2,843,021 shares; 2017Q2: 2,201,130 shares 2,201,130$55.8M4.17%-641,891Timeline
DYDYCOM INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: 741,550 shares; 2017Q1: 741,550 shares; 2017Q2: 575,550 shares 575,550$51.5M3.85%-166,000Timeline
TEAM HEALTH HOLDINGS INCTEAM HEALTH HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: 1,158,131 shares; 2017Q1: 1,158,131 shares; 2017Q2: 1,158,131 shares 1,158,131$50.4M3.76%0
ATIATI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: not reported; 2017Q1: 3,104,100 shares; 2017Q2: 2,794,363 shares 2,794,363$47.5M3.55%-309,737Timeline
NXSTAGE MEDICAL INCNXSTAGE MEDICAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: 1,927,408 shares; 2017Q1: 1,927,408 shares; 2017Q2: 1,855,066 shares 1,855,066$46.5M3.47%-72,342
CNDTCONDUENT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: not reported; 2017Q1: 3,715,045 shares; 2017Q2: 2,674,547 shares 2,674,547$42.6M3.18%-1,040,498Timeline
ELVELEVANCE HEALTH INC FORMERLYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: not reported; 2017Q1: not reported; 2017Q2: 226,000 shares 226,000$42.5M3.17%newTimeline
CIGNA CORPORATIONCIGNA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: not reported; 2017Q1: 322,500 shares; 2017Q2: 250,900 shares 250,900$42M3.13%-71,600
EXTRACTION OIL AND GAS INCEXTRACTION OIL AND GAS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: 2,417,779 shares; 2017Q1: 3,464,361 shares; 2017Q2: 3,060,488 shares 3,060,488$41.2M3.07%-403,873
ANTERO MIDSTREAM GP LPANTERO MIDSTREAM GP LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: not reported; 2017Q1: not reported; 2017Q2: 1,830,047 shares 1,830,047$40.2M3%new
ZAYO GROUP HLDGS INC COMZAYO GROUP HLDGS INC COMQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: not reported; 2017Q1: not reported; 2017Q2: 1,264,275 shares 1,264,275$39.1M2.92%new
E TRADE FINANCIAL CORPE TRADE FINANCIAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: 2,080,692 shares; 2017Q1: 1,986,092 shares; 2017Q2: 956,792 shares 956,792$36.4M2.72%-1,029,300
UNITED STATES STL CORP NEWUNITED STATES STL CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: not reported; 2017Q1: not reported; 2017Q2: 1,583,000 shares 1,583,000$35M2.62%new
ULTRA PETROLEUM CORPULTRA PETROLEUM CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: not reported; 2017Q1: not reported; 2017Q2: 2,577,209 shares 2,577,209$28M2.09%new
THSTREEHOUSE FOODS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: not reported; 2017Q1: not reported; 2017Q2: 323,843 shares 323,843$26.5M1.97%newTimeline
CISION LTDCISION LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: not reported; 2017Q1: not reported; 2017Q2: 2,481,342 shares 2,481,342$25.5M1.91%new
PLNTPLANET FITNESS MASTER ISSUERQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: not reported; 2017Q1: not reported; 2017Q2: 574,850 shares 574,850$13.4M1%newTimeline
HOSTESS BRANDS INCHOSTESS BRANDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: 1,857,445 shares; 2017Q1: 1,190,045 shares; 2017Q2: 725,645 shares 725,645$11.7M0.87%-464,400
UNIVERSAL STAINLESS & ALLOYUNIVERSAL STAINLESS & ALLOYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: 682,194 shares; 2017Q1: 682,194 shares; 2017Q2: 527,194 shares 527,194$10.3M0.77%-155,000
DUNKIN BRANDS GROUP INCDUNKIN BRANDS GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: not reported; 2017Q1: not reported; 2017Q2: 139,507 shares 139,507$7.69M0.57%new
WEATHERFORD INTL INC ORD SHSWEATHERFORD INTL INC ORD SHSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: not reported; 2017Q1: not reported; 2017Q2: 1,500,000 shares 1,500,000$5.8M0.43%new
MKSIMKS INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: not reported; 2017Q1: not reported; 2017Q2: 75,800 shares 75,800$5.1M0.38%newTimeline
APACHE CORPAPACHE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: not reported; 2017Q1: not reported; 2017Q2: 84,101 shares 84,101$4.03M0.3%new
FMCFMC CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: not reported; 2017Q1: not reported; 2017Q2: 50,000 shares 50,000$3.65M0.27%newTimeline
BARCLAYS BK PLCBARCLAYS BK PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: not reported; 2017Q1: not reported; 2017Q2: 250,000 shares 250,000$3.19M0.24%new
FOSLFOSSIL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2015Q3: restricted; 2015Q4: restricted; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: not reported; 2017Q1: not reported; 2017Q2: 125,151 shares 125,151$1.29M0.1%newTimeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
STZCONSTELLATION BRANDS INC Stockcall700,000$136M0
AMZNAMAZON COM INC COMcall75,000$72.6Mnew
METAMETA PLATFORMS INC COMcall480,000$72.5Mnew
GOOGLALPHABET INC COMcall75,000$69.7Mnew
WHOLE FOODS MKT INCWHOLE FOODS MKT INC COMcall250,000$10.5Mnew

Sold out in Q2 2017

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
TAPMOLSON COORS BEVERAGE CO1,039,625$99.5Mshares
CTSHCOGNIZANT TECHNOLOGY SOLUTIO1,500,000$89.3Mput
STZCONSTELLATION BRANDS INC444,996$72.1Mshares
PYPLPAYPAL HLDGS INC1,568,961$67.5Mshares
BACBANK OF AMER CORP2,690,500$63.5Mshares
TDGTRANSDIGM GROUP INC200,000$44Mcall
HUMHUMANA INC208,300$42.9Mshares
DLTRDOLLAR TREE INC525,394$41.2Mshares
CBRECBRE GROUP INC1,149,146$40Mshares
WELLCARE HEALTH PLANS INCWELLCARE HEALTH PLANS INC237,495$33.3Mshares
DLTRDOLLAR TREE INC350,000$27.5Mcall
ACHCACADIA HEALTHCARE COMPANY IN600,000$26.2Mcall
RDNRADIAN GROUP INC1,412,200$25.4Mshares
CAPITOL ACQUISITION CORP IIICAPITOL ACQUISITION CORP III1,865,000$19.7Mshares
GORES HLDGS II INCGORES HLDGS II INC1,791,500$18.4Mshares
LKQLKQ CORP556,963$16.3Mshares
FIDELITY & GTY LIFE COMFIDELITY & GTY LIFE COM365,000$10.1Mshares
KBRKBR INC674,000$10.1Mshares
SJMSMUCKER J M CO71,516$9.37Mshares
FRONTIER COMMUNICATIONS CORPFRONTIER COMMUNICATIONS CORP4,193,371$8.97Mshares
AVANTAX INCAVANTAX INC149,551$2.59Mshares
MTGMGIC INVT CORP WIS133,600$1.35Mshares

How Q2 2017 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0000919574-17-006231 base2017-08-14acceptance time not in the bulk data set