Penn Capital Management Company LLC's Q4 2022 13F: 17 new positions, 22 exits
Form 13F-HR for the quarter ended Dec 31, 2022 · filed Feb 13, 2023 · 167 reported positions · accession 0001420506-23-000431 · Amended
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | CROCS INC (CROX) | — | 1.3% | +1.3 pts | +114K sh | new |
| Exited | R1 RCM INC (RCM) | 1.2% | — | −1.2 pts | −591K sh | −100% |
| Reduced | WEATHERFORD INTL PLC (WFRD) | 2.9% | 3.1% | +0.1 pts | −213K sh | −26% |
| Increased | ALLEGRO MICROSYSTEMS INC (ALGM) | 0.2% | 1.4% | +1.1 pts | +352K sh | +357% |
| Increased | TRANSOCEAN LTD (RIG) | 0.0% | 1.0% | +1.0 pts | +2.17M sh | +21167% |
| New | HANCOCK WHITNEY CORPORATION (HWC) | — | 0.9% | +0.9 pts | +183K sh | new |
| Exited | SILICON MOTION TECHNOLOGY CO (SIMO) | 0.8% | — | −0.8 pts | −114K sh | −100% |
| New | ASPEN AEROGELS INC (ASPN) | — | 0.8% | +0.8 pts | +690K sh | new |
| Exited | RAPID7 INC (RPD) | 0.8% | — | −0.8 pts | −161K sh | −100% |
| Exited | FOCUS FINL PARTNERS INC (FOCS) | 0.7% | — | −0.7 pts | −210K sh | −100% |
| Reduced | RAMBUS INC DEL (RMBS) | 1.5% | 1.2% | −0.3 pts | −199K sh | −39% |
| New | NEW RELIC INC (NEWR) | — | 0.7% | +0.7 pts | +120K sh | new |
| Exited | ARTIVION INC (AORT) | 0.7% | — | −0.7 pts | −432K sh | −100% |
| Reduced | METROPOLITAN BK HLDG CORP (MCB) | 1.0% | 0.2% | −0.8 pts | −108K sh | −77% |
| Increased | RINGCENTRAL INC (RNG) | 0.2% | 0.8% | +0.6 pts | +175K sh | +453% |
| Reduced | CONMED CORP (CNMD) | 0.8% | 0.2% | −0.6 pts | −66,804 sh | −75% |
| Increased | XPO INC (XPO) | 1.0% | 1.2% | +0.3 pts | +169K sh | +86% |
| Reduced | PEBBLEBROOK HOTEL TR (PEB) | 0.8% | 0.1% | −0.7 pts | −410K sh | −85% |
| New | SUMMIT MATLS INC (SUM) | — | 0.5% | +0.5 pts | +176K sh | new |
| New | HILTON GRAND VACATIONS INC (HGV) | — | 0.5% | +0.5 pts | +120K sh | new |
| Reduced | H & E EQUIPMENT SERVICES INC (HEES) | 1.6% | 2.0% | +0.4 pts | −79,521 sh | −16% |
| Reduced | FIRST BANCORP N C (FBNC) | 0.4% | 0.1% | −0.3 pts | −82,375 sh | −88% |
| Exited | PAYA HOLDINGS INC (PAYA) | 0.4% | — | −0.4 pts | −514K sh | −100% |
| Increased | VIAD CORP (PRSU) | 1.1% | 1.1% | 0.0 pts | +124K sh | +41% |
| Reduced | FIVE BELOW INC (FIVE) | 1.6% | 1.6% | 0.0 pts | −15,873 sh | −15% |
| Exited | G III APPAREL GROUP LTD (GIII) | 0.3% | — | −0.3 pts | −155K sh | −100% |
| Reduced | SEACOAST BKG CORP FLA (SBCF) | 1.4% | 1.1% | −0.3 pts | −80,351 sh | −19% |
| Reduced | PERFORMANCE FOOD GROUP CO (PFGC) | 1.6% | 1.8% | +0.1 pts | −42,927 sh | −13% |
| New | CONSTRUCTION PARTNERS INC (ROAD) | — | 0.2% | +0.2 pts | +91,679 sh | new |
| Reduced | PATTERSON-UTI ENERGY INC (PTEN) | 1.3% | 1.4% | +0.2 pts | −144K sh | −15% |
| New | ROGERS CORP (ROG) | — | 0.2% | +0.2 pts | +20,262 sh | new |
| Increased | FB FINL CORP (FBK) | 1.5% | 1.5% | 0.0 pts | +66,519 sh | +19% |
| Increased | HARMONY BIOSCIENCES HLDGS IN (HRMY) | 0.7% | 1.0% | +0.3 pts | +43,362 sh | +33% |
| Increased | LANTHEUS HLDGS INC (LNTH) | 1.4% | 1.2% | −0.3 pts | +45,543 sh | +25% |
| Increased | CALAMP CORP (CAMP) | 0.1% | 0.3% | +0.2 pts | +512K sh | +293% |
| Increased | PENNANT GROUP INC (PNTG) | 0.2% | 0.4% | +0.2 pts | +202K sh | +155% |
| New | ALTO INGREDIENTS INC (ALTO) | — | 0.2% | +0.2 pts | +764K sh | new |
| Reduced | SOUTHSTATE CORPORATION (SSB) | 1.6% | 1.2% | −0.4 pts | −28,040 sh | −16% |
| Increased | BLOOMIN BRANDS INC (BLMN) | 1.2% | 1.4% | +0.2 pts | +104K sh | +19% |
| Increased | PENN ENTERTAINMENT INC (PENN) | 1.1% | 1.3% | +0.2 pts | +70,144 sh | +19% |
| Increased | FIRST WATCH RESTAURANT GROUP (FWRG) | 0.0% | 0.2% | +0.2 pts | +149K sh | +500% |
| New | TEXTRON INC (TXT) | — | 0.2% | +0.2 pts | +28,006 sh | new |
| Increased | LIVENT CORP (LTHM) | 1.4% | 1.0% | −0.4 pts | +101K sh | +25% |
| New | PTC INC (PTC) | — | 0.2% | +0.2 pts | +16,417 sh | new |
| Exited | CATALENT INC (CTLT) | 0.2% | — | −0.2 pts | −24,714 sh | −100% |
| Reduced | EARTHSTONE ENERGY INC (ESTE) | 1.2% | 1.1% | −0.1 pts | −134K sh | −15% |
| Increased | GRAY TELEVISION INC (GTN) | 1.4% | 1.2% | −0.2 pts | +169K sh | +19% |
| Increased | COMPASS MINERALS INTL INC (CMP) | 0.8% | 1.0% | +0.2 pts | +44,068 sh | +23% |
| Reduced | DUCOMMUN INC DEL (DCO) | 0.3% | 0.1% | −0.1 pts | −36,135 sh | −60% |
| Reduced | SABRE CORP (SABR) | 0.9% | 0.8% | −0.1 pts | −282K sh | −18% |
The 50 largest of 186 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 18.1% of the equity book
Changes in the top 10 this quarter: HALO entered · PLNT entered · PRKS entered · ATEC entered · GTLS left · FBP left · PNFP left · SSB left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | WEATHERFORD INTL PLC (WFRD) | 2.9% | 3.1% | |
| 2 | H & E EQUIPMENT SERVICES INC (HEES) | 1.6% | 2.0% | |
| 3 | PERFORMANCE FOOD GROUP CO (PFGC) | 1.6% | 1.8% | |
| 4 | HALOZYME THERAPEUTICS INC (HALO) | 1.4% | 1.7% | Entered the top 10 |
| 5 | GOLDEN ENTMT INC (GDEN) | 1.7% | 1.7% | |
| 6 | PLANET FITNESS INC (PLNT) | 1.3% | 1.6% | Entered the top 10 |
| 7 | FIVE BELOW INC (FIVE) | 1.6% | 1.6% | |
| 8 | SEAWORLD ENTMT INC (PRKS) | 1.5% | 1.6% | Entered the top 10 |
| 9 | ALPHATEC HLDGS INC (ATEC) | 1.2% | 1.6% | Entered the top 10 |
| 10 | NEXSTAR MEDIA GROUP INC (NXST) | 1.7% | 1.6% | |
| — | CHART INDS INC (GTLS) | 2.0% | 1.0% | Left the top 10 |
| — | FIRST BANCORP P R (FBP) | 1.7% | 1.4% | Left the top 10 |
| — | PINNACLE FINL PARTNERS INC (PNFP) | 1.7% | 1.4% | Left the top 10 |
| — | SOUTHSTATE CORPORATION (SSB) | 1.6% | 1.2% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).