Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

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.

PENNANT CAPITAL MANAGEMENT

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.

Read the rest of the article here.

Loading...