Pennant Investors, LP
Portfolio value QoQ: -7.2% 13F does not disclose cash
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 8.37% Est. buys $29,129,992 · sells $90,865,009
Median holding: 5.5 quarters Tracked Q1 2025–Q2 2026 · 66.7% still held
Performance vs S&P 500
Annualized: +80.5% · S&P 500: +28.7%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Sector breakdown
Full portfolio 16 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| SOLS | $42,350,800 | 12.64% | 478,000 | $-6,010,800 | Down ×2 | ||
| AMZN | $38,611,080 | 11.53% | 162,000 | $14,243,490 | Up ×1 | ||
| MSFT | $37,302,000 | 11.14% | 100,000 | $507,102 | Up ×2 | ||
| SATS | $27,593,892 | 8.24% | 271,861 | $-16,354,303 | Down ×6 | ||
| PRM | $24,562,850 | 7.33% | 689,000 | $1,650,785 | Down ×5 | ||
| TDG | $22,339,643 | 6.67% | 16,771 | $2,902,725 | |||
| GEV | $18,210,330 | 5.44% | 15,500 | $315,880 | Down ×2 | ||
| VRT | $18,080,280 | 5.40% | 54,000 | $-9,232,940 | Down ×1 | ||
| EXE | $17,873,240 | 5.34% | 196,000 | $-3,643,640 | |||
| VMI | $17,328,000 | 5.17% | 30,000 | $5,340,900 | |||
| GOOGL | $17,118,023 | 5.11% | 47,900 | $1,618,539 | Down ×3 | ||
| AR | $16,867,200 | 5.04% | 480,000 | $-3,504,000 | |||
| FLS | $15,573,600 | 4.65% | 210,000 | $5,649,750 | Up ×1 | ||
| Unknown issuer (CUSIP: G9600F104) | $12,618,880 | 3.77% | 300,378 | Up ×1 | |||
| QXO | $8,501,760 | 2.54% | 492,000 | $-1,052,880 | |||
| GRABW | $3,568 | 0.00% | 80,000 | $-2,928 | |||
| No matches | |||||||
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| Unknown issuer (CUSIP: G9600F104) | $12,618,880 | 300,378 | 3.77% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| SATS | Trimmed | -104K | -$16.4M |
| AMZN | Bought more | +45K | +$14.2M |
| VRT | Trimmed | -55K | -$9.2M |
| SOLS | Trimmed | -157K | -$6.0M |
| FLS | Bought more | +75K | +$5.6M |
| VMI | Price move only | +0 | +$5.3M |
| EXE | Price move only | +0 | -$3.6M |
| AR | Price move only | +0 | -$3.5M |
| TDG | Price move only | +0 | +$2.9M |
| PRM | Trimmed | -249K | +$1.7M |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.