Alan Fournier’s and Pennant Capital’s Favorite Stock Picks $TDG $QCOM $ST $DVA

Alan Fournier is the founder and managing member of Pennant Capital Management, a long/short  equity hedge fund. Prior to setting up Pennant Capital, Fournier had worked at Sanford C. Bernstein and David Tepper’s Appaloosa Management. He has also been a portfolio manager at Hagler, Mastrovita and Hewitt, and at Pzena Investment Management. Fournier graduated in mechanical engineering in 1983 from Wentworth Institute of Technology in Boston, MA.


During the second quarter, the fund didn’t make major changes to its top holdings. The fund’s largest holding, Transdigm Group (TDG), is unchanged during the quarter. Pennant added to its second largest holding Davita Inc. (DVA) by 3%, and reduced its third largest holding Sensata Technologies (ST) by 3%. There is also not much of a change to its fourth largest holding, which is the chip maker Qualcomm (QCOM). The fund increased its Qualcomm position by 3% during the quarter.

At the end of June, its largest holding, Transdigm Group, accounted for 7.2% of the portfolio, followed by Davita Inc. at 6.7%, Sensata Technologies at 6.5% and Qualcomm at 6.2%. Each of the fund’s top four holdings has generated negative returns since June.

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