Penn Capital Management Company LLC's Q2 2024 13F: 21 new positions, 23 exits
Form 13F-HR for the quarter ended Jun 30, 2024 · filed Aug 13, 2024 · 142 reported positions · accession 0001420506-24-001389
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | RINGCENTRAL INC (RNG) | 1.3% | — | −1.3 pts | −415K sh | −100% |
| New | Q2 HLDGS INC (QTWO) | — | 1.3% | +1.3 pts | +221K sh | new |
| Reduced | RADNET INC (RDNT) | 1.5% | 0.8% | −0.7 pts | −215K sh | −60% |
| New | SILICON MOTION TECHNOLOGY CO (SIMO) | — | 1.2% | +1.2 pts | +153K sh | new |
| Exited | SOUTHSTATE CORPORATION (SSB) | 1.2% | — | −1.2 pts | −157K sh | −100% |
| New | KYNDRYL HLDGS INC (KD) | — | 1.1% | +1.1 pts | +435K sh | new |
| Exited | AVADEL PHARMACEUTICALS PLC (AVDL) | 1.0% | — | −1.0 pts | −687K sh | −100% |
| Exited | FIVE9 INC (FIVN) | 1.0% | — | −1.0 pts | −181K sh | −100% |
| Exited | CHAMPIONX CORPORATION (CHX) | 1.0% | — | −1.0 pts | −307K sh | −100% |
| New | LIFE TIME GROUP HOLDINGS INC (LTH) | — | 0.9% | +0.9 pts | +502K sh | new |
| Exited | COLLEGIUM PHARMACEUTICAL INC (COLL) | 0.8% | — | −0.8 pts | −245K sh | −100% |
| Exited | ASPEN AEROGELS INC (ASPN) | 0.8% | — | −0.8 pts | −537K sh | −100% |
| New | WAYSTAR HLDG CORP (WAY) | — | 0.8% | +0.8 pts | +363K sh | new |
| Reduced | TENET HEALTHCARE CORP (THC) | 1.2% | 0.9% | −0.3 pts | −57,807 sh | −46% |
| New | CENTURY ALUM CO (CENX) | — | 0.7% | +0.7 pts | +449K sh | new |
| Increased | FIRST WATCH RESTAURANT GROUP (FWRG) | 0.1% | 0.8% | +0.7 pts | +404K sh | +980% |
| New | MONEYLION INC (ML) | — | 0.7% | +0.7 pts | +95,962 sh | new |
| Reduced | SURGERY PARTNERS INC (SGRY) | 0.8% | 0.1% | −0.8 pts | −294K sh | −93% |
| Increased | INFINERA CORP (INFN) | 0.3% | 1.0% | +0.7 pts | +1.12M sh | +184% |
| Reduced | O-I GLASS INC (OI) | 1.1% | 0.2% | −0.9 pts | −593K sh | −77% |
| New | BROOKDALE SR LIVING INC (BKD) | — | 0.6% | +0.6 pts | +838K sh | new |
| Reduced | CARPENTER TECHNOLOGY CORP (CRS) | 1.6% | 2.1% | +0.5 pts | −49,022 sh | −20% |
| Exited | CALIX INC (CALX) | 0.4% | — | −0.4 pts | −152K sh | −100% |
| Exited | ACADIA PHARMACEUTICALS INC (ACAD) | 0.4% | — | −0.4 pts | −249K sh | −100% |
| New | FOX FACTORY HLDG CORP (FOXF) | — | 0.4% | +0.4 pts | +83,496 sh | new |
| Increased | BRIGHTVIEW HLDGS INC (BV) | 0.3% | 0.8% | +0.4 pts | +297K sh | +99% |
| Reduced | FTAI AVIATION LTD (FTAI) | 1.2% | 1.7% | +0.5 pts | −34,951 sh | −17% |
| Exited | DUCOMMUN INC DEL (DCO) | 0.3% | — | −0.3 pts | −74,209 sh | −100% |
| Increased | LAZARD INC (LAZ) | 1.1% | 1.4% | +0.3 pts | +86,694 sh | +29% |
| Reduced | CROCS INC (CROX) | 1.3% | 1.1% | −0.2 pts | −22,375 sh | −22% |
| Reduced | UNITED PARKS & RESORTS INC (PRKS) | 1.9% | 1.7% | −0.2 pts | −57,698 sh | −15% |
| Increased | EZCORP INC (EZPW) | 0.1% | 0.4% | +0.3 pts | +258K sh | +194% |
| Increased | VANGUARD INDEX FDS (VXF) | 0.2% | 0.5% | +0.3 pts | +15,302 sh | +114% |
| New | JACK IN THE BOX INC (JACK) | — | 0.2% | +0.2 pts | +49,828 sh | new |
| Increased | NORWEGIAN CRUISE LINE HLDG L (NCLH) | 1.7% | 1.9% | +0.2 pts | +132K sh | +15% |
| Exited | MGM RESORTS INTERNATIONAL (MGM) | 0.2% | — | −0.2 pts | −54,178 sh | −100% |
| Exited | CENTERSPACE (CSR) | 0.2% | — | −0.2 pts | −44,225 sh | −100% |
| Reduced | AMERIS BANCORP (ABCB) | 1.3% | 1.3% | −0.1 pts | −45,749 sh | −15% |
| New | PAPA JOHNS INTL INC (PZZA) | — | 0.2% | +0.2 pts | +45,550 sh | new |
| New | NATIONAL VISION HLDGS INC (EYE) | — | 0.2% | +0.2 pts | +160K sh | new |
| Reduced | POPULAR INC (BPOP) | 1.7% | 1.7% | −0.1 pts | −23,343 sh | −11% |
| Exited | HAMILTON INSURANCE GROUP LTD (HG) | 0.2% | — | −0.2 pts | −160K sh | −100% |
| Increased | SCORPIO TANKERS INC (STNG) | 0.8% | 1.2% | +0.4 pts | +24,541 sh | +20% |
| Increased | YORK WTR CO (YORW) | 0.2% | 0.4% | +0.2 pts | +52,166 sh | +83% |
| Exited | COMPASS MINERALS INTL INC (CMP) | 0.2% | — | −0.2 pts | −132K sh | −100% |
| Reduced | KULICKE & SOFFA INDS INC (KLIC) | 1.4% | 1.3% | −0.1 pts | −38,024 sh | −12% |
| New | DRAFTKINGS INC NEW (DKNG) | — | 0.2% | +0.2 pts | +47,472 sh | new |
| Reduced | KNIFE RIVER CORP (KNF) | 1.6% | 1.4% | −0.3 pts | −25,632 sh | −11% |
| Exited | ARTERIS INC (AIP) | 0.2% | — | −0.2 pts | −252K sh | −100% |
| Reduced | TEXAS CAP BANCSHARES INC (TCBI) | 1.3% | 1.2% | −0.1 pts | −27,403 sh | −12% |
The 50 largest of 163 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: FTAI entered · MTZ entered · NMRK entered · RXO entered · HEES left · ATEC left · KNF left · NOG left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | WEATHERFORD INTL PLC (WFRD) | 2.2% | 2.5% | |
| 2 | CARPENTER TECHNOLOGY CORP (CRS) | 1.6% | 2.1% | |
| 3 | NORWEGIAN CRUISE LINE HLDG L (NCLH) | 1.7% | 1.9% | |
| 4 | FTAI AVIATION LTD (FTAI) | 1.2% | 1.7% | Entered the top 10 |
| 5 | MASTEC INC (MTZ) | 1.4% | 1.7% | Entered the top 10 |
| 6 | GOLDEN ENTMT INC (GDEN) | 2.0% | 1.7% | |
| 7 | UNITED PARKS & RESORTS INC (PRKS) | 1.9% | 1.7% | |
| 8 | POPULAR INC (BPOP) | 1.7% | 1.7% | |
| 9 | NEWMARK GROUP INC (NMRK) | 1.4% | 1.6% | Entered the top 10 |
| 10 | RXO INC (RXO) | 1.2% | 1.6% | Entered the top 10 |
| — | H & E EQUIPMENT SERVICES INC (HEES) | 1.8% | 1.2% | Left the top 10 |
| — | ALPHATEC HLDGS INC (ATEC) | 1.6% | 1.4% | Left the top 10 |
| — | KNIFE RIVER CORP (KNF) | 1.6% | 1.4% | Left the top 10 |
| — | NORTHERN OIL & GAS INC (NOG) | 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).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| New | VIVID SEATS INC (SEAT) | Put | 0 | 74,056 | $426K |