Penn Capital Management Company LLC's Q1 2023 13F: 35 new positions, 52 exits
Form 13F-HR for the quarter ended Mar 31, 2023 · filed May 12, 2023 · 150 reported positions · accession 0001420506-23-000989 · Amended
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | TENET HEALTHCARE CORP (THC) | — | 1.6% | +1.6 pts | +271K sh | new |
| Reduced | FIVE BELOW INC (FIVE) | 1.6% | 0.3% | −1.3 pts | −76,226 sh | −86% |
| Reduced | PERFORMANCE FOOD GROUP CO (PFGC) | 1.8% | 0.2% | −1.5 pts | −256K sh | −87% |
| Exited | ACADIA HEALTHCARE COMPANY IN (ACHC) | 1.2% | — | −1.2 pts | −147K sh | −100% |
| Exited | PURE STORAGE INC (PSTG) | 1.2% | — | −1.2 pts | −428K sh | −100% |
| Exited | EARTHSTONE ENERGY INC (ESTE) | 1.1% | — | −1.1 pts | −763K sh | −100% |
| New | STAGWELL INC (STGW) | — | 1.1% | +1.1 pts | +1.45M sh | new |
| Exited | SABRE CORP (SABR) | 0.8% | — | −0.8 pts | −1.3M sh | −100% |
| Reduced | ALLEGRO MICROSYSTEMS INC (ALGM) | 1.4% | 1.4% | 0.0 pts | −166K sh | −37% |
| New | NAVITAS SEMICONDUCTOR CORP (NVTS) | — | 0.8% | +0.8 pts | +1.07M sh | new |
| Increased | MAGNITE INC (MGNI) | 0.0% | 0.8% | +0.7 pts | +802K sh | +4993% |
| New | ZUORA INC (ZUO) | — | 0.7% | +0.7 pts | +726K sh | new |
| Increased | SUMMIT MATLS INC (SUM) | 0.5% | 1.2% | +0.7 pts | +240K sh | +136% |
| Reduced | COMPASS MINERALS INTL INC (CMP) | 1.0% | 0.1% | −0.8 pts | −192K sh | −82% |
| Increased | TRANSOCEAN LTD (RIG) | 1.0% | 2.1% | +1.0 pts | +1.02M sh | +47% |
| Increased | HILTON GRAND VACATIONS INC (HGV) | 0.5% | 1.1% | +0.7 pts | +132K sh | +110% |
| New | XPONENTIAL FITNESS INC (XPOF) | — | 0.6% | +0.6 pts | +194K sh | new |
| Increased | MODIVCARE INC (MODVQ) | 0.9% | 1.3% | +0.5 pts | +60,757 sh | +65% |
| Increased | VANGUARD INDEX FDS (VXF) | 0.2% | 0.7% | +0.5 pts | +34,204 sh | +236% |
| Increased | HILLMAN SOLUTIONS CORP (HLMN) | 0.8% | 1.4% | +0.6 pts | +552K sh | +48% |
| New | ARCBEST CORP (ARCB) | — | 0.4% | +0.4 pts | +41,827 sh | new |
| Increased | RINGCENTRAL INC (RNG) | 0.8% | 1.0% | +0.3 pts | +120K sh | +56% |
| Exited | SANDY SPRING BANCORP INC (SASR) | 0.4% | — | −0.4 pts | −102K sh | −100% |
| Increased | PAPA JOHNS INTL INC (PZZA) | 0.9% | 1.2% | +0.3 pts | +47,575 sh | +44% |
| Reduced | LANTHEUS HLDGS INC (LNTH) | 1.2% | 1.5% | +0.4 pts | −40,698 sh | −18% |
| Increased | LIVENT CORP (LTHM) | 1.0% | 1.4% | +0.4 pts | +143K sh | +28% |
| Reduced | BLOOMIN BRANDS INC (BLMN) | 1.4% | 1.4% | 0.0 pts | −121K sh | −18% |
| Reduced | MONRO INC (MNRO) | 0.3% | 0.1% | −0.3 pts | −61,926 sh | −84% |
| Exited | VISTRA CORP (VST) | 0.3% | — | −0.3 pts | −128K sh | −100% |
| Exited | VICI PPTYS INC (VICI) | 0.3% | — | −0.3 pts | −90,855 sh | −100% |
| Reduced | RAMBUS INC DEL (RMBS) | 1.2% | 1.3% | +0.2 pts | −56,383 sh | −18% |
| Exited | BIOMARIN PHARMACEUTICAL INC (BMRN) | 0.3% | — | −0.3 pts | −27,077 sh | −100% |
| Increased | GXO LOGISTICS INCORPORATED (GXO) | 1.1% | 1.6% | +0.5 pts | +55,384 sh | +21% |
| New | KAR AUCTION SVCS INC (OPLN) | — | 0.3% | +0.3 pts | +204K sh | new |
| Reduced | ALPHATEC HLDGS INC (ATEC) | 1.6% | 1.7% | +0.1 pts | −177K sh | −14% |
| New | U S PHYSICAL THERAPY (USPH) | — | 0.3% | +0.3 pts | +27,825 sh | new |
| Reduced | ARCH CAP GROUP LTD (ACGL) | 0.5% | 0.3% | −0.2 pts | −39,197 sh | −51% |
| Increased | KAISER ALUMINUM CORP (KALU) | 0.9% | 1.2% | +0.2 pts | +36,234 sh | +31% |
| New | NLIGHT INC (LASR) | — | 0.3% | +0.3 pts | +261K sh | new |
| Exited | TENNANT CO (TNC) | 0.3% | — | −0.3 pts | −42,344 sh | −100% |
| Exited | GODADDY INC (GDDY) | 0.3% | — | −0.3 pts | −33,818 sh | −100% |
| Exited | LIBERTY MEDIA CORP DEL (LSXMA) | 0.3% | — | −0.3 pts | −63,148 sh | −100% |
| New | BRIGHTVIEW HLDGS INC (BV) | — | 0.3% | +0.3 pts | +451K sh | new |
| Exited | TYLER TECHNOLOGIES INC (TYL) | 0.3% | — | −0.3 pts | −7,553 sh | −100% |
| Exited | FIRST WATCH RESTAURANT GROUP (FWRG) | 0.2% | — | −0.2 pts | −179K sh | −100% |
| Exited | ROGERS CORP (ROG) | 0.2% | — | −0.2 pts | −20,262 sh | −100% |
| New | STAG INDL INC (STAG) | — | 0.2% | +0.2 pts | +71,117 sh | new |
| Exited | FOX CORP (FOX) | 0.2% | — | −0.2 pts | −82,287 sh | −100% |
| Increased | NEW RELIC INC (NEWR) | 0.7% | 1.1% | +0.5 pts | +31,421 sh | +26% |
| Increased | SPIRIT AEROSYSTEMS HLDGS INC (SPR) | 1.5% | 2.0% | +0.5 pts | +67,893 sh | +14% |
The 50 largest of 202 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 — 19.6% of the equity book
Changes in the top 10 this quarter: RIG entered · SPR entered · RHP entered · THC entered · PFGC left · HALO left · PLNT left · FIVE left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | WEATHERFORD INTL PLC (WFRD) | 3.1% | 3.4% | |
| 2 | TRANSOCEAN LTD (RIG) | 1.0% | 2.1% | Entered the top 10 |
| 3 | SPIRIT AEROSYSTEMS HLDGS INC (SPR) | 1.5% | 2.0% | Entered the top 10 |
| 4 | GOLDEN ENTMT INC (GDEN) | 1.7% | 1.9% | |
| 5 | SEAWORLD ENTMT INC (PRKS) | 1.6% | 1.9% | |
| 6 | NEXSTAR MEDIA GROUP INC (NXST) | 1.6% | 1.7% | |
| 7 | H & E EQUIPMENT SERVICES INC (HEES) | 2.0% | 1.7% | |
| 8 | ALPHATEC HLDGS INC (ATEC) | 1.6% | 1.7% | |
| 9 | RYMAN HOSPITALITY PPTYS INC (RHP) | 1.3% | 1.6% | Entered the top 10 |
| 10 | TENET HEALTHCARE CORP (THC) | 0.0% | 1.6% | Entered the top 10 |
| — | PERFORMANCE FOOD GROUP CO (PFGC) | 1.8% | 0.2% | Left the top 10 |
| — | HALOZYME THERAPEUTICS INC (HALO) | 1.7% | 1.1% | Left the top 10 |
| — | PLANET FITNESS INC (PLNT) | 1.6% | 1.6% | Left the top 10 |
| — | FIVE BELOW INC (FIVE) | 1.6% | 0.3% | 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).