Pennant Select is an investment fund managing more than $142 billion ran by Alan Fournier. There are currently 10 companies in Mr. Fournier’s portfolio. The largest investments include EchoStar Corp and Amazon.com, together worth $62.3 billion.
As of 7th August 2024, Pennant Select’s top holding is 2,226,454 shares of EchoStar Corp currently worth over $39.7 billion and making up 27.8% of the portfolio value.
Relative to the number of outstanding shares of EchoStar Corp, Pennant Select owns more than approximately 0.1% of the company.
In addition, the fund holds 117,000 shares of Amazon.com worth $22.6 billion, whose value fell 0.4% in the past six months.
The third-largest holding is Antero Resources Corp worth $16.3 billion and the next is Asml Holding N V worth $15.3 billion, with 15,000 shares owned.
Currently, Pennant Select's portfolio is worth at least $142 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.
The Pennant Select 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 Select.
In the most recent 13F filing, Pennant Select revealed that it had opened a new position in
Newpark Res Inc and bought 600,000 shares worth $4.99 billion.
On the other hand, there are companies that Pennant Select is getting rid of from its portfolio.
Pennant Select closed its position in Enovis Corporation on 14th August 2024.
It sold the previously owned 143,000 shares for $8.93 billion.
The two most similar investment funds to Pennant Select are Nine Masts Capital Ltd and Pinnacle Wealth Management. They manage $142 billion and $142 billion respectively.
Pennant Select’s portfolio is diversified across 6 sectors.
Currently, their heaviest sector is Technology — making up 44.2% of
the total portfolio value.
The fund focuses on investments in the United States as
70.0% 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
40% 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 $456 billion.
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 |
|---|---|---|---|
| EchoStar Corp |
No change
2,226,454
|
$39,653,146,000 | 27.83% |
| Amazon.com Inc. |
No change
117,000
|
$22,610,250,000 | 15.87% |
| Antero Resources Corp |
No change
500,000
|
$16,315,000,000 | 11.45% |
| Asml Holding N V |
No change
15,000
|
$15,340,950,000 | 10.77% |
| Alphabet Inc |
No change
67,000
|
$12,204,050,000 | 8.57% |
| Microsoft Corporation |
No change
25,000
|
$11,173,750,000 | 7.84% |
| Transdigm Group Incorporated |
No change
8,000
|
$10,220,880,000 | 7.17% |
| Enovis Corporation |
Closed
143,000
|
$8,930,350,000 | |
| The Odp Corp |
No change
139,000
|
$5,458,530,000 | 3.83% |
| Newpark Res Inc |
Opened
600,000
|
$4,986,000,000 | 3.50% |
| Perimeter Solutions, SA |
No change
575,000
|
$4,502,250,000 | 3.16% |
| No transactions found | |||
| Showing first 500 out of 11 holdings | |||