Penn Capital Management Company LLC's Q1 2024 13F: 23 new positions, 24 exits
Form 13F-HR for the quarter ended Mar 31, 2024 · filed May 15, 2024 · 144 reported positions · accession 0001420506-24-000989
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | MASTEC INC (MTZ) | — | 1.4% | +1.4 pts | +168K sh | new |
| New | FORTREA HLDGS INC (FTRE) | — | 1.4% | +1.4 pts | +388K sh | new |
| Reduced | KIRBY CORP (KEX) | 1.2% | 0.0% | −1.1 pts | −159K sh | −98% |
| New | RXO INC (RXO) | — | 1.2% | +1.2 pts | +624K sh | new |
| Exited | STAG INDL INC (STAG) | 1.2% | — | −1.2 pts | −331K sh | −100% |
| New | SHIFT4 PMTS INC (FOUR) | — | 1.2% | +1.2 pts | +202K sh | new |
| New | LAZARD INC (LAZ) | — | 1.1% | +1.1 pts | +303K sh | new |
| Exited | AMERICAN AXLE & MFG HLDGS IN (AXL) | 1.0% | — | −1.0 pts | −1.29M sh | −100% |
| New | AVADEL PHARMACEUTICALS PLC (AVDL) | — | 1.0% | +1.0 pts | +687K sh | new |
| Exited | FORWARD AIR CORP (FWRD) | 1.0% | — | −1.0 pts | −174K sh | −100% |
| Exited | PAPA JOHNS INTL INC (PZZA) | 0.9% | — | −0.9 pts | −129K sh | −100% |
| New | SURGERY PARTNERS INC (SGRY) | — | 0.8% | +0.8 pts | +316K sh | new |
| New | SCORPIO TANKERS INC (STNG) | — | 0.8% | +0.8 pts | +125K sh | new |
| Reduced | WEATHERFORD INTL PLC (WFRD) | 2.6% | 2.2% | −0.4 pts | −76,880 sh | −26% |
| New | ACADEMY SPORTS & OUTDOORS IN (ASO) | — | 0.7% | +0.7 pts | +123K sh | new |
| Reduced | FTAI AVIATION LTD (FTAI) | 1.4% | 1.2% | −0.2 pts | −123K sh | −37% |
| Reduced | TENET HEALTHCARE CORP (THC) | 1.4% | 1.2% | −0.2 pts | −76,497 sh | −38% |
| Exited | GOLAR LNG LTD (GLNG) | 0.7% | — | −0.7 pts | −323K sh | −100% |
| Reduced | HAMILTON INSURANCE GROUP LTD (HG) | 0.9% | 0.2% | −0.7 pts | −464K sh | −74% |
| Exited | INARI MED INC (NARI) | 0.5% | — | −0.5 pts | −85,146 sh | −100% |
| Increased | FIVE9 INC (FIVN) | 0.7% | 1.0% | +0.3 pts | +90,141 sh | +99% |
| Reduced | DNOW INC (DNOW) | 1.4% | 1.3% | −0.1 pts | −348K sh | −26% |
| Exited | SANDSTORM GOLD LTD (SAND) | 0.4% | — | −0.4 pts | −960K sh | −100% |
| Increased | ONEMAIN HLDGS INC (OMF) | 0.5% | 0.9% | +0.4 pts | +96,605 sh | +95% |
| Exited | GOGO INC (GOGO) | 0.4% | — | −0.4 pts | −466K sh | −100% |
| Exited | PENNANT GROUP INC (PNTG) | 0.4% | — | −0.4 pts | −337K sh | −100% |
| New | AGREE RLTY CORP (ADC) | — | 0.4% | +0.4 pts | +77,348 sh | new |
| Increased | AFFILIATED MANAGERS GROUP IN (AMG) | 0.8% | 1.2% | +0.4 pts | +26,384 sh | +49% |
| Reduced | TURNING PT BRANDS INC (TPB) | 0.4% | 0.1% | −0.3 pts | −144K sh | −81% |
| Increased | ALLEGRO MICROSYSTEMS INC (ALGM) | 1.0% | 1.2% | +0.2 pts | +156K sh | +44% |
| Reduced | VANGUARD INDEX FDS (VXF) | 0.6% | 0.2% | −0.4 pts | −23,140 sh | −63% |
| Reduced | EZCORP INC (EZPW) | 0.4% | 0.1% | −0.3 pts | −358K sh | −73% |
| New | INFINERA CORP (INFN) | — | 0.3% | +0.3 pts | +609K sh | new |
| Increased | NAVITAS SEMICONDUCTOR CORP (NVTS) | 1.0% | 0.9% | −0.1 pts | +746K sh | +55% |
| Reduced | CHEFS WHSE INC (CHEF) | 1.1% | 1.1% | 0.0 pts | −93,012 sh | −22% |
| Reduced | ARCBEST CORP (ARCB) | 1.4% | 1.3% | −0.1 pts | −22,729 sh | −18% |
| New | ROGERS CORP (ROG) | — | 0.3% | +0.3 pts | +27,120 sh | new |
| Reduced | ASPEN AEROGELS INC (ASPN) | 1.0% | 0.8% | −0.2 pts | −182K sh | −25% |
| Reduced | SEMTECH CORP (SMTC) | 1.0% | 1.0% | −0.1 pts | −116K sh | −23% |
| Exited | UMH PPTYS INC (UMH) | 0.3% | — | −0.3 pts | −195K sh | −100% |
| New | ALLIENT INC (ALNT) | — | 0.3% | +0.3 pts | +85,658 sh | new |
| Increased | HELIOS TECHNOLOGIES INC (HLIO) | 0.2% | 0.4% | +0.3 pts | +65,210 sh | +169% |
| New | TRIMAS CORP (TRS) | — | 0.3% | +0.3 pts | +107K sh | new |
| Reduced | COLLEGIUM PHARMACEUTICAL INC (COLL) | 0.9% | 0.8% | 0.0 pts | −71,258 sh | −23% |
| Reduced | RAMBUS INC DEL (RMBS) | 1.6% | 1.2% | −0.4 pts | −44,484 sh | −17% |
| Increased | CHART INDS INC (GTLS) | 1.1% | 1.5% | +0.4 pts | +15,747 sh | +18% |
| Increased | INGEVITY CORP (NGVT) | 0.2% | 0.4% | +0.2 pts | +51,874 sh | +103% |
| Reduced | PINNACLE FINL PARTNERS INC (PNFP) | 1.9% | 1.6% | −0.3 pts | −27,050 sh | −12% |
| Reduced | TAYLOR MORRISON HOME CORP (TMHC) | 1.2% | 1.2% | 0.0 pts | −36,221 sh | −15% |
| Exited | UNITED THERAPEUTICS CORP DEL (UTHR) | 0.2% | — | −0.2 pts | −9,613 sh | −100% |
The 50 largest of 167 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 — 17.7% of the equity book
Changes in the top 10 this quarter: NCLH entered · KNF entered · NOG entered · CRS entered · PNFP left · GXO left · ABCB left · RMBS left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | WEATHERFORD INTL PLC (WFRD) | 2.6% | 2.2% | |
| 2 | GOLDEN ENTMT INC (GDEN) | 2.0% | 2.0% | |
| 3 | UNITED PARKS & RESORTS INC (PRKS) | 1.8% | 1.9% | |
| 4 | H & E EQUIPMENT SERVICES INC (HEES) | 1.6% | 1.8% | |
| 5 | POPULAR INC (BPOP) | 1.7% | 1.7% | |
| 6 | NORWEGIAN CRUISE LINE HLDG L (NCLH) | 1.6% | 1.7% | Entered the top 10 |
| 7 | ALPHATEC HLDGS INC (ATEC) | 1.7% | 1.6% | |
| 8 | KNIFE RIVER CORP (KNF) | 1.4% | 1.6% | Entered the top 10 |
| 9 | NORTHERN OIL & GAS INC (NOG) | 1.5% | 1.6% | Entered the top 10 |
| 10 | CARPENTER TECHNOLOGY CORP (CRS) | 1.5% | 1.6% | Entered the top 10 |
| — | PINNACLE FINL PARTNERS INC (PNFP) | 1.9% | 1.6% | Left the top 10 |
| — | GXO LOGISTICS INCORPORATED (GXO) | 1.6% | 1.3% | Left the top 10 |
| — | AMERIS BANCORP (ABCB) | 1.6% | 1.3% | Left the top 10 |
| — | RAMBUS INC DEL (RMBS) | 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).