Penn Capital Management Company LLC's Q2 2023 13F: 19 new positions, 25 exits
Form 13F-HR for the quarter ended Jun 30, 2023 · filed Aug 14, 2023 · 144 reported positions · accession 0001420506-23-001690
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | FIRST BANCORP P R (FBP) | 1.2% | — | −1.2 pts | −1.07M sh | −100% |
| Increased | POPULAR INC (BPOP) | 0.2% | 1.4% | +1.2 pts | +202K sh | +573% |
| New | RADNET INC (RDNT) | — | 1.2% | +1.2 pts | +371K sh | new |
| Exited | OPTION CARE HEALTH INC (OPCH) | 1.2% | — | −1.2 pts | −366K sh | −100% |
| New | PROGYNY INC (PGNY) | — | 1.1% | +1.1 pts | +277K sh | new |
| New | FTAI AVIATION LTD (FTAI) | — | 0.9% | +0.9 pts | +305K sh | new |
| Reduced | WEATHERFORD INTL PLC (WFRD) | 3.4% | 2.8% | −0.6 pts | −126K sh | −22% |
| Reduced | XPO INC (XPO) | 1.2% | 1.3% | +0.1 pts | −138K sh | −38% |
| Increased | ARCBEST CORP (ARCB) | 0.4% | 1.1% | +0.7 pts | +75,949 sh | +182% |
| Exited | HARMONY BIOSCIENCES HLDGS IN (HRMY) | 0.7% | — | −0.7 pts | −198K sh | −100% |
| Increased | AXIS CAP HLDGS LTD (AXS) | 0.3% | 0.9% | +0.6 pts | +124K sh | +263% |
| New | MIRUM PHARMACEUTICALS INC (MIRM) | — | 0.6% | +0.6 pts | +239K sh | new |
| Reduced | VANGUARD INDEX FDS (VXF) | 0.7% | 0.2% | −0.5 pts | −36,729 sh | −75% |
| Increased | SPIRIT AEROSYSTEMS HLDGS INC (SPR) | 2.0% | 2.1% | +0.1 pts | +165K sh | +29% |
| Reduced | MODIVCARE INC (MODVQ) | 1.3% | 0.2% | −1.1 pts | −99,878 sh | −65% |
| New | ACADIA PHARMACEUTICALS INC (ACAD) | — | 0.4% | +0.4 pts | +187K sh | new |
| Exited | CONSTRUCTION PARTNERS INC (ROAD) | 0.4% | — | −0.4 pts | −152K sh | −100% |
| Reduced | RAMBUS INC DEL (RMBS) | 1.3% | 1.2% | −0.1 pts | −59,743 sh | −23% |
| Reduced | TENET HEALTHCARE CORP (THC) | 1.6% | 1.8% | +0.2 pts | −46,277 sh | −17% |
| Increased | SANDSTORM GOLD LTD (SAND) | 0.1% | 0.4% | +0.4 pts | +732K sh | +458% |
| New | HEALTHCARE SVCS GROUP INC (HCSG) | — | 0.4% | +0.4 pts | +243K sh | new |
| Reduced | LIVENT CORP (LTHM) | 1.4% | 1.4% | 0.0 pts | −125K sh | −19% |
| New | FRESH DEL MONTE PRODUCE INC (FDP) | — | 0.3% | +0.3 pts | +125K sh | new |
| Reduced | LANTHEUS HLDGS INC (LNTH) | 1.5% | 1.2% | −0.3 pts | −38,278 sh | −21% |
| New | DUCOMMUN INC DEL (DCO) | — | 0.3% | +0.3 pts | +72,387 sh | new |
| Reduced | SI-BONE INC (SIBN) | 1.0% | 1.0% | 0.0 pts | −116K sh | −24% |
| Increased | MONRO INC (MNRO) | 0.1% | 0.3% | +0.3 pts | +75,664 sh | +626% |
| Reduced | UNITED RENTALS INC (URI) | 0.3% | 0.0% | −0.3 pts | −6,719 sh | −88% |
| Reduced | GXO LOGISTICS INCORPORATED (GXO) | 1.6% | 1.6% | 0.0 pts | −45,982 sh | −15% |
| Reduced | VIAD CORP (PRSU) | 0.9% | 0.8% | −0.1 pts | −106K sh | −25% |
| Exited | U S PHYSICAL THERAPY (USPH) | 0.3% | — | −0.3 pts | −27,825 sh | −100% |
| Exited | STEEL DYNAMICS INC (STLD) | 0.3% | — | −0.3 pts | −23,283 sh | −100% |
| Exited | NLIGHT INC (LASR) | 0.3% | — | −0.3 pts | −261K sh | −100% |
| Reduced | MARTIN MARIETTA MATLS INC (MLM) | 0.2% | 0.0% | −0.2 pts | −5,826 sh | −85% |
| Increased | ARTIVION INC (AORT) | 0.1% | 0.4% | +0.3 pts | +156K sh | +286% |
| Exited | BURLINGTON STORES INC (BURL) | 0.2% | — | −0.2 pts | −11,729 sh | −100% |
| New | FORTUNA SILVER MINES INC (FSM) | — | 0.2% | +0.2 pts | +748K sh | new |
| New | COLLEGIUM PHARMACEUTICAL INC (COLL) | — | 0.2% | +0.2 pts | +105K sh | new |
| Reduced | CROCS INC (CROX) | 1.4% | 1.0% | −0.4 pts | −20,084 sh | −19% |
| Increased | HILLMAN SOLUTIONS CORP (HLMN) | 1.4% | 1.7% | +0.3 pts | +250K sh | +15% |
| Exited | HERITAGE FINL CORP WASH (HFWA) | 0.2% | — | −0.2 pts | −99,529 sh | −100% |
| Increased | ZUORA INC (ZUO) | 0.7% | 1.0% | +0.3 pts | +197K sh | +27% |
| Exited | MERCURY SYS INC (MRCY) | 0.2% | — | −0.2 pts | −39,036 sh | −100% |
| Increased | XPONENTIAL FITNESS INC (XPOF) | 0.6% | 0.5% | −0.1 pts | +122K sh | +63% |
| New | AKOUSTIS TECHNOLOGIES INC (AKTS) | — | 0.2% | +0.2 pts | +655K sh | new |
| Reduced | BLOOMIN BRANDS INC (BLMN) | 1.4% | 1.2% | −0.2 pts | −77,234 sh | −14% |
| Exited | DIGIMARC CORP NEW (DMRC) | 0.2% | — | −0.2 pts | −97,383 sh | −100% |
| New | COMMERCIAL METALS CO (CMC) | — | 0.2% | +0.2 pts | +35,618 sh | new |
| Increased | PENNANT GROUP INC (PNTG) | 0.3% | 0.4% | +0.1 pts | +152K sh | +69% |
| Reduced | PENN ENTERTAINMENT INC (PENN) | 1.5% | 1.0% | −0.5 pts | −77,435 sh | −15% |
The 50 largest of 166 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
† Security identifier (CUSIP) changed — read as one continuing position, not an exit and a new position:
- OUSTER INC (OUST): 68989M103 → 68989M202, 3.55M → 715K shares (share count change consistent with a stock split)
Top 10 positions — 19.5% of the equity book
Changes in the top 10 this quarter: HLMN entered · CRS entered · NXST left · RHP left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | WEATHERFORD INTL PLC (WFRD) | 3.4% | 2.8% | |
| 2 | TRANSOCEAN LTD (RIG) | 2.1% | 2.1% | |
| 3 | SPIRIT AEROSYSTEMS HLDGS INC (SPR) | 2.0% | 2.1% | |
| 4 | GOLDEN ENTMT INC (GDEN) | 1.9% | 2.0% | |
| 5 | ALPHATEC HLDGS INC (ATEC) | 1.7% | 1.9% | |
| 6 | H & E EQUIPMENT SERVICES INC (HEES) | 1.7% | 1.8% | |
| 7 | TENET HEALTHCARE CORP (THC) | 1.6% | 1.8% | |
| 8 | HILLMAN SOLUTIONS CORP (HLMN) | 1.4% | 1.7% | Entered the top 10 |
| 9 | SEAWORLD ENTMT INC (PRKS) | 1.9% | 1.7% | |
| 10 | CARPENTER TECHNOLOGY CORP (CRS) | 1.4% | 1.7% | Entered the top 10 |
| — | NEXSTAR MEDIA GROUP INC (NXST) | 1.7% | 1.7% | Left the top 10 |
| — | RYMAN HOSPITALITY PPTYS INC (RHP) | 1.6% | 1.5% | 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).