Pennant Investors, L.P. 13F annual report
Pennant Investors, L.P. is an investment fund managing more than $366 billion ran by Alan Fournier. There are currently 44 companies in Mr. Fournier’s portfolio. The largest investments include Micron Technology and Amazon.com, together worth $103 billion.
$366 billion Assets Under Management (AUM)
As of 7th August 2024, Pennant Investors, L.P.’s top holding is 431,000 shares of Micron Technology currently worth over $56.7 billion and making up 15.5% of the portfolio value.
Relative to the number of outstanding shares of Micron Technology, Pennant Investors, L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 240,000 shares of Amazon.com worth $46.4 billion, whose value fell 0.4% in the past six months.
The third-largest holding is Transdigm worth $41.4 billion and the next is EchoStar Corp worth $38.3 billion, with 2,153,209 shares owned.
Currently, Pennant Investors, L.P.'s portfolio is worth at least $366 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Pennant Investors, L.P.
The Pennant Investors, L.P. office and employees reside in Summit, New Jersey. According to the last 13-F report filed with the SEC, Alan Fournier serves as the Authorized Person at Pennant Investors, L.P..
Recent trades
In the most recent 13F filing, Pennant Investors, L.P. revealed that it had opened a new position in
Valmont Inds Inc and bought 40,000 shares worth $11 billion.
The investment fund also strengthened its position in Micron Technology by buying
125,000 additional shares.
This makes their stake in Micron Technology total 431,000 shares worth $56.7 billion.
Micron Technology soared 38.6% in the past year.
On the other hand, there are companies that Pennant Investors, L.P. is getting rid of from its portfolio.
Pennant Investors, L.P. closed its position in Enovis Corporation on 14th August 2024.
It sold the previously owned 400,000 shares for $25 billion.
Alan Fournier also disclosed a decreased stake in Amazon.com by 0.2%.
This leaves the value of the investment at $46.4 billion and 240,000 shares.
One of the smaller hedge funds
The two most similar investment funds to Pennant Investors, L.P. are Builder Investment Group Inc adv and Firestone Capital Management. They manage $367 billion and $366 billion respectively.
Alan Fournier investment strategy
Pennant Investors, L.P.’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Technology — making up 44.8% of
the total portfolio value.
The fund focuses on investments in the United States as
72.7% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
11% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $103 billion.
The complete list of Pennant Investors, L.P. trades based on 13F SEC filings
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Micron Technology Inc. |
40.85%
431,000
|
$56,689,430,000 | 15.48% |
| Amazon.com Inc. |
18.92%
240,000
|
$46,380,000,000 | 12.66% |
| Transdigm Group Incorporated |
22.93%
32,371
|
$41,357,513,000 | 11.29% |
| EchoStar Corp |
No change
2,153,209
|
$38,348,652,000 | 10.47% |
| Microsoft Corporation |
28.57%
80,000
|
$35,756,000,000 | 9.76% |
| Alphabet Inc |
8.04%
183,000
|
$33,333,450,000 | 9.10% |
| Antero Resources Corp |
26.21%
836,000
|
$27,278,680,000 | 7.45% |
| Enovis Corporation |
Closed
400,000
|
$24,980,000,000 | |
| Perimeter Solutions, SA |
No change
2,300,000
|
$18,009,000,000 | 4.92% |
| The Odp Corp |
No change
400,000
|
$15,708,000,000 | 4.29% |
| Valmont Inds Inc |
Opened
40,000
|
$10,978,000,000 | 3.00% |
| Ge Vernova Inc |
Opened
60,000
|
$10,290,600,000 | 2.81% |
| Vertiv Holdings Co |
Opened
115,000
|
$9,955,550,000 | 2.72% |
| Iris Energy Ltd |
Opened
470,000
|
$5,306,300,000 | 1.45% |
| Core Scientific Inc New |
Opened
500,000
|
$4,650,000,000 | 1.27% |
| Arcutis Biotherapeutics Inc |
No change
170,900
|
$1,589,370,000 | 0.43% |
| Nurix Therapeutics, Inc. |
No change
56,800
|
$1,185,416,000 | 0.32% |
| Novavax, Inc. |
No change
60,300
|
$763,398,000 | 0.21% |
| Altimmune Inc |
No change
109,800
|
$730,170,000 | 0.20% |
| FibroGen Inc |
No change
768,400
|
$685,643,000 | 0.19% |
| Agios Pharmaceuticals Inc |
No change
15,100
|
$651,112,000 | 0.18% |
| Fate Therapeutics Inc |
No change
146,100
|
$479,208,000 | 0.13% |
| Travere Therapeutics Inc |
Opened
55,800
|
$458,676,000 | 0.13% |
| Enanta Pharmaceuticals Inc |
No change
35,100
|
$455,247,000 | 0.12% |
| IGM Biosciences, Inc. |
No change
64,900
|
$445,863,000 | 0.12% |
| Erasca Inc |
No change
166,200
|
$392,232,000 | 0.11% |
| Arcus Biosciences Inc |
No change
23,700
|
$360,951,000 | 0.10% |
| 89bio Inc |
No change
44,500
|
$356,445,000 | 0.10% |
| Zymeworks Inc |
No change
38,700
|
$329,337,000 | 0.09% |
| Arcturus Therapeutics Hldgs |
No change
13,100
|
$318,985,000 | 0.09% |
| Allogene Therapeutics Inc |
No change
128,400
|
$299,172,000 | 0.08% |
| Coherus Biosciences Inc |
No change
168,100
|
$290,813,000 | 0.08% |
| Relay Therapeutics, Inc. |
No change
42,400
|
$276,448,000 | 0.08% |
| Replimune Group Inc |
No change
30,500
|
$274,500,000 | 0.07% |
| Agenus Inc |
Closed
469,600
|
$272,368,000 | |
| Uniqure Nv |
No change
48,500
|
$217,280,000 | 0.06% |
| Seres Therapeutics Inc |
No change
292,300
|
$211,567,000 | 0.06% |
| Compass Therapeutics Inc |
No change
199,000
|
$199,000,000 | 0.05% |
| Sage Therapeutics Inc |
No change
17,500
|
$190,050,000 | 0.05% |
| Getaround Inc |
No change
1,348,153
|
$188,741,000 | 0.05% |
| Macrogenics Inc |
No change
43,800
|
$186,150,000 | 0.05% |
| Allakos Inc |
No change
186,100
|
$186,100,000 | 0.05% |
| AlloVir, Inc. |
No change
215,700
|
$156,016,000 | 0.04% |
| Zentalis Pharmaceuticals, Llc |
No change
32,400
|
$132,516,000 | 0.04% |
| Airspan Networks Holdings In |
Closed
1,047,473
|
$118,364,000 | |
| BioXcel Therapeutics Inc |
No change
83,900
|
$107,392,000 | 0.03% |
| Bluebird bio Inc |
No change
87,400
|
$86,019,000 | 0.02% |
| No transactions found | |||
| Showing first 500 out of 47 holdings | |||
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