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Pennant Capital Management, LLC

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13F filer, CIK 1168664, Summit, NJ

Pennant Capital Management, LLC reported $1,103,820,000 across 33 holdings for the quarter ended 2017-12-31, in a 13F-HR filed 2018-02-15. Its ten largest share positions make up 48.02% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000919574-18-001838

Period
2017-12-31
Reported value
$1.1B
Holdings
33
Top 10 weight
48.02%
New
6
Sold out
18

Largest buys vs the previous quarter

SecurityShares changeApprox. value
CMCSAnew+913,562$36.6M
TWENTY FIRST CENTY FOX INCnew+866,686$29.9M
CZRnew+2,136,087$27M
BACnew+706,721$20.9M
PTCadded+241,595$14.7M

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
MICHAELS COS INCexited-2,529,808-$54.3M
FLEETCOR TECHNOLOGIES INCreduced-182,475-$35.1M
NRGreduced-1,144,969-$32.6M
HUNreduced-970,679-$32.3M
ATIreduced-1,011,100-$24.4M

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, Q4 2017

Share positions as resolved from 13F-HR 0000919574-18-001838, largest first. % of portfolio is the value over $1,075,092,000, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
FLEETCOR TECHNOLOGIES INCFLEETCOR TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: 710,864 shares; 2017Q1: 490,564 shares; 2017Q2: 526,814 shares; 2017Q3: 528,918 shares; 2017Q4: 346,443 shares 346,443$66.7M6.2%-182,475
TDGTRANSDIGM GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: 196,649 shares; 2017Q1: 559,149 shares; 2017Q2: 292,249 shares; 2017Q3: 299,635 shares; 2017Q4: 236,973 shares 236,973$65.1M6.05%-62,662Timeline
NRGNRG ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: not reported; 2017Q1: not reported; 2017Q2: not reported; 2017Q3: 3,307,366 shares; 2017Q4: 2,162,397 shares 2,162,397$61.6M5.73%-1,144,969Timeline
CTSHCOGNIZANT TECHNOLOGY SOLUTIOQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: 1,739,800 shares; 2017Q1: 1,263,100 shares; 2017Q2: 1,075,100 shares; 2017Q3: 850,313 shares; 2017Q4: 799,497 shares 799,497$56.8M5.28%-50,816Timeline
ULTRA PETROLEUM CORPULTRA PETROLEUM CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: not reported; 2017Q1: not reported; 2017Q2: 2,577,209 shares; 2017Q3: 6,092,243 shares; 2017Q4: 5,836,226 shares 5,836,226$52.9M4.92%-256,017
ATHENE HOLDING LTDATHENE HOLDING LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: 700,000 shares; 2017Q1: 2,004,275 shares; 2017Q2: 2,086,565 shares; 2017Q3: 1,162,130 shares; 2017Q4: 888,278 shares 888,278$45.9M4.27%-273,852
NXSTAGE MEDICAL INCNXSTAGE MEDICAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: 1,927,408 shares; 2017Q1: 1,927,408 shares; 2017Q2: 1,855,066 shares; 2017Q3: 1,622,066 shares; 2017Q4: 1,756,354 shares 1,756,354$42.6M3.96%+134,288
ACHCACADIA HEALTHCARE COMPANY INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: 3,210,062 shares; 2017Q1: 1,875,174 shares; 2017Q2: 1,328,735 shares; 2017Q3: 1,610,790 shares; 2017Q4: 1,283,514 shares 1,283,514$41.9M3.9%-327,276Timeline
DYDYCOM INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: 741,550 shares; 2017Q1: 741,550 shares; 2017Q2: 575,550 shares; 2017Q3: 549,250 shares; 2017Q4: 373,438 shares 373,438$41.6M3.87%-175,812Timeline
ELVELEVANCE HEALTH INC FORMERLYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: not reported; 2017Q1: not reported; 2017Q2: 226,000 shares; 2017Q3: 193,800 shares; 2017Q4: 183,379 shares 183,379$41.3M3.84%-10,421Timeline
HUNHUNTSMAN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: 2,499,430 shares; 2017Q1: 2,559,430 shares; 2017Q2: 2,793,830 shares; 2017Q3: 2,206,314 shares; 2017Q4: 1,235,635 shares 1,235,635$41.1M3.83%-970,679Timeline
ATIATI INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: not reported; 2017Q1: 3,104,100 shares; 2017Q2: 2,794,363 shares; 2017Q3: 2,706,892 shares; 2017Q4: 1,695,792 shares 1,695,792$40.9M3.81%-1,011,100Timeline
PTCPTC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: not reported; 2017Q1: not reported; 2017Q2: not reported; 2017Q3: 416,992 shares; 2017Q4: 658,587 shares 658,587$40M3.72%+241,595Timeline
CDK GLOBAL INCCDK GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: not reported; 2017Q1: not reported; 2017Q2: not reported; 2017Q3: 374,300 shares; 2017Q4: 554,103 shares 554,103$39.5M3.67%+179,803
ZAYO GROUP HLDGS INC COMZAYO GROUP HLDGS INC COMQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: not reported; 2017Q1: not reported; 2017Q2: 1,264,275 shares; 2017Q3: 1,001,671 shares; 2017Q4: 1,068,438 shares 1,068,438$39.3M3.66%+66,767
CNDTCONDUENT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: not reported; 2017Q1: 3,715,045 shares; 2017Q2: 2,674,547 shares; 2017Q3: 3,556,974 shares; 2017Q4: 2,306,823 shares 2,306,823$37.3M3.47%-1,250,151Timeline
CMCSACOMCAST CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: not reported; 2017Q1: not reported; 2017Q2: not reported; 2017Q3: not reported; 2017Q4: 913,562 shares 913,562$36.6M3.4%newTimeline
ARANTERO RESOURCES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: 2,653,240 shares; 2017Q1: 3,629,205 shares; 2017Q2: 3,692,504 shares; 2017Q3: 3,051,748 shares; 2017Q4: 1,808,082 shares 1,808,082$34.4M3.2%-1,243,666Timeline
TWENTY FIRST CENTY FOX INCTWENTY FIRST CENTY FOX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: not reported; 2017Q1: not reported; 2017Q2: not reported; 2017Q3: not reported; 2017Q4: 866,686 shares 866,686$29.9M2.78%new
CIGNA CORPORATIONCIGNA CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: not reported; 2017Q1: 322,500 shares; 2017Q2: 250,900 shares; 2017Q3: 218,800 shares; 2017Q4: 133,187 shares 133,187$27M2.52%-85,613
CZRCZRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: not reported; 2017Q1: not reported; 2017Q2: not reported; 2017Q3: not reported; 2017Q4: 2,136,087 shares 2,136,087$27M2.51%new
ANTERO MIDSTREAM GP LPANTERO MIDSTREAM GP LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: not reported; 2017Q1: not reported; 2017Q2: 1,830,047 shares; 2017Q3: 1,767,147 shares; 2017Q4: 1,312,610 shares 1,312,610$25.9M2.41%-454,537
E TRADE FINANCIAL CORPE TRADE FINANCIAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: 2,080,692 shares; 2017Q1: 1,986,092 shares; 2017Q2: 956,792 shares; 2017Q3: 833,892 shares; 2017Q4: 450,124 shares 450,124$22.3M2.08%-383,768
CISION LTDCISION LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: not reported; 2017Q1: not reported; 2017Q2: 2,481,342 shares; 2017Q3: 1,835,874 shares; 2017Q4: 1,818,574 shares 1,818,574$21.6M2.01%-17,300
BACBANK OF AMER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: 3,241,900 shares; 2017Q1: 2,690,500 shares; 2017Q2: not reported; 2017Q3: not reported; 2017Q4: 706,721 shares 706,721$20.9M1.94%newTimeline
EXTRACTION OIL AND GAS INCEXTRACTION OIL AND GAS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: 2,417,779 shares; 2017Q1: 3,464,361 shares; 2017Q2: 3,060,488 shares; 2017Q3: 2,042,518 shares; 2017Q4: 1,452,841 shares 1,452,841$20.8M1.93%-589,677
UNIVERSAL STAINLESS & ALLOYUNIVERSAL STAINLESS & ALLOYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: 682,194 shares; 2017Q1: 682,194 shares; 2017Q2: 527,194 shares; 2017Q3: 455,241 shares; 2017Q4: 396,084 shares 396,084$8.48M0.79%-59,157
FGL HLDGSFGL HLDGSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: not reported; 2017Q1: not reported; 2017Q2: not reported; 2017Q3: not reported; 2017Q4: 782,660 shares 782,660$7.88M0.73%new
MICRO FOCUS INTL PLC NPV ADRMICRO FOCUS INTL PLC NPV ADRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: not reported; 2017Q1: not reported; 2017Q2: not reported; 2017Q3: 568,800 shares; 2017Q4: 209,836 shares 209,836$7.05M0.66%-358,964
TEAM HEALTH HOLDINGS INCTEAM HEALTH HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q1: restricted; 2016Q2: restricted; 2016Q3: restricted; 2016Q4: 1,158,131 shares; 2017Q1: 1,158,131 shares; 2017Q2: 1,158,131 shares; 2017Q3: 1,158,131 shares; 2017Q4: 1,158,131 shares 1,158,131$5.37M0.5%0

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
ULTRA PETROLEUM CORPULTRA PETROLEUM CORP COM NEWcall2,000,000$18.1M0
TEXTEREX CORP NEW Stockput220,000$10.6M0

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
CAESARS ENTMT CORPCAESARS ENTMT CORP NOTEprincipal13,158,171$25.5Mnew

Sold out in Q4 2017

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

SecurityShares beforeValue beforeType
STZCONSTELLATION BRANDS INC700,000$140Mcall
PowerShares QQQ Trust Unit …PowerShares QQQ Trust Unit Ser400,000$58.2Mput
MICHAELS COS INCMICHAELS COS INC2,529,808$54.3Mshares
HDHOME DEPOT INC226,000$37Mcall
SPIRIT AIRLS INCSPIRIT AIRLS INC650,000$21.7Mput
DYDYCOM INDS INC250,000$21.5Mcall
FOREST CITY RLTY TR INCFOREST CITY RLTY TR INC656,026$16.7Mshares
HOSTESS BRANDS INCHOSTESS BRANDS INC789,045$10.8Mshares
EFXEQUIFAX INC100,000$10.6Mput
GTGOODYEAR TIRE & RUBR CO250,000$8.31Mshares
NXPINXP SEMICONDUCTORS N V50,000$5.66Mshares
NXPINXP SEMICONDUCTORS N V50,000$5.66Mcall
APACHE CORPAPACHE CORP100,000$4.58Mshares
AK STEEL HOLDING CORPAK STEEL HOLDING CORP650,000$3.63Mshares
CIENCIENA CORP137,400$3.02Mshares
HDHOME DEPOT INC17,000$2.78Mshares
KNKNOWLES CORP52,018$794Kshares
FLY LEASING LTDFLY LEASING LTD15,000$210Kshares

How Q4 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 0000919574-18-001838 base2018-02-15acceptance time not in the bulk data set