Penn Capital Management Company LLC's Q2 2025 13F: 27 new positions, 31 exits
Form 13F-HR for the quarter ended Jun 30, 2025 · filed Aug 14, 2025 · 156 reported positions · accession 0001420506-25-002135
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | EPR PPTYS (EPR) | 1.5% | — | −1.5 pts | −292K sh | −100% |
| Exited | LANTHEUS HLDGS INC (LNTH) | 1.4% | — | −1.4 pts | −147K sh | −100% |
| Exited | HILLMAN SOLUTIONS CORP (HLMN) | 1.3% | — | −1.3 pts | −1.57M sh | −100% |
| Increased | CAESARS ENTERTAINMENT INC NE (CZR) | 0.1% | 1.4% | +1.3 pts | +517K sh | +1144% |
| New | ETORO GROUP LTD (ETOR) | — | 1.1% | +1.1 pts | +184K sh | new |
| New | GUARDIAN PHARMACY SVCS INC (GRDN) | — | 1.0% | +1.0 pts | +533K sh | new |
| Reduced | OUSTER INC (OUST) | 1.0% | 1.4% | +0.4 pts | −468K sh | −40% |
| New | COEUR MNG INC (CDE) | — | 1.0% | +1.0 pts | +1.28M sh | new |
| New | GXO LOGISTICS INCORPORATED (GXO) | — | 0.9% | +0.9 pts | +224K sh | new |
| Exited | CENTURY ALUM CO (CENX) | 0.9% | — | −0.9 pts | −518K sh | −100% |
| Reduced | CARPENTER TECHNOLOGY CORP (CRS) | 1.6% | 1.3% | −0.3 pts | −37,372 sh | −40% |
| Increased | CAMTEK LTD (CAMT) | 0.6% | 1.6% | +1.0 pts | +113K sh | +111% |
| Exited | LIBERTY ENERGY INC (LBRT) | 0.8% | — | −0.8 pts | −517K sh | −100% |
| New | HNI CORP (HNI) | — | 0.8% | +0.8 pts | +180K sh | new |
| Increased | RUSH STREET INTERACTIVE INC (RSI) | 0.5% | 1.4% | +0.9 pts | +593K sh | +119% |
| Reduced | ODDITY TECH LTD (ODD) | 1.2% | 1.1% | 0.0 pts | −105K sh | −38% |
| Exited | COMMUNITY HEALTH SYS INC NEW (CYH) | 0.7% | — | −0.7 pts | −2.58M sh | −100% |
| New | FULLER H B CO (FUL) | — | 0.7% | +0.7 pts | +130K sh | new |
| Reduced | KYNDRYL HLDGS INC (KD) | 1.6% | 1.3% | −0.3 pts | −153K sh | −29% |
| Reduced | LAZARD INC (LAZ) | 1.4% | 1.0% | −0.5 pts | −104K sh | −31% |
| Reduced | PEGASYSTEMS INC (PEGA) | 1.1% | 1.0% | 0.0 pts | −87,791 sh | −28% |
| Increased | RXO INC (RXO) | 1.3% | 1.4% | 0.0 pts | +295K sh | +41% |
| Reduced | MAGNITE INC (MGNI) | 1.0% | 1.6% | +0.5 pts | −167K sh | −18% |
| Reduced | SILICON MOTION TECHNOLOGY CO (SIMO) | 0.3% | 0.0% | −0.3 pts | −52,834 sh | −90% |
| Reduced | DYCOM INDS INC (DY) | 1.6% | 2.0% | +0.4 pts | −14,318 sh | −13% |
| Increased | NORTHERN OIL & GAS INC (NOG) | 1.2% | 1.3% | +0.1 pts | +122K sh | +31% |
| Reduced | BRANDYWINE RLTY TR (BDN) | 1.2% | 0.7% | −0.5 pts | −774K sh | −29% |
| New | SIMILARWEB LTD (SMWB) | — | 0.3% | +0.3 pts | +412K sh | new |
| Reduced | VANGUARD INDEX FDS (VXF) | 0.4% | 0.2% | −0.3 pts | −15,416 sh | −60% |
| Increased | EXTREME NETWORKS (EXTR) | 1.2% | 1.7% | +0.5 pts | +167K sh | +18% |
| Exited | HEALTHCARE SVCS GROUP INC (HCSG) | 0.2% | — | −0.2 pts | −251K sh | −100% |
| Exited | CONSOLIDATED WATER CO INC (CWCO) | 0.2% | — | −0.2 pts | −103K sh | −100% |
| Increased | EZCORP INC (EZPW) | 0.0% | 0.3% | +0.2 pts | +203K sh | +1600% |
| Increased | AMENTUM HOLDINGS INC (AMTM) | 1.6% | 2.1% | +0.5 pts | +114K sh | +13% |
| Increased | RAMBUS INC DEL (RMBS) | 1.2% | 1.6% | +0.3 pts | +39,434 sh | +16% |
| Exited | ARCBEST CORP (ARCB) | 0.2% | — | −0.2 pts | −30,853 sh | −100% |
| Reduced | MAMAS CREATIONS INC (MAMA) | 0.2% | 0.0% | −0.2 pts | −277K sh | −83% |
| New | FORTUNA MNG CORP (FSM) | — | 0.2% | +0.2 pts | +351K sh | new |
| Reduced | CHART INDS INC (GTLS) | 1.7% | 1.6% | −0.2 pts | −13,549 sh | −11% |
| Increased | STAGWELL INC (STGW) | 1.2% | 1.0% | −0.2 pts | +496K sh | +24% |
| New | MISSION PRODUCE INC (AVO) | — | 0.2% | +0.2 pts | +191K sh | new |
| New | QUAKER HOUGHTON (KWR) | — | 0.2% | +0.2 pts | +19,762 sh | new |
| Increased | NEWMARK GROUP INC (NMRK) | 1.8% | 1.8% | 0.0 pts | +179K sh | +12% |
| Increased | CALIFORNIA RES CORP (CRC) | 0.9% | 1.1% | +0.1 pts | +47,500 sh | +22% |
| Increased | COMMERCIAL METALS CO (CMC) | 0.8% | 1.0% | +0.1 pts | +43,949 sh | +24% |
| Increased | ACADEMY SPORTS & OUTDOORS IN (ASO) | 1.0% | 1.0% | +0.1 pts | +47,286 sh | +22% |
| Reduced | TEXAS CAP BANCSHARES INC (TCBI) | 1.7% | 1.5% | −0.3 pts | −26,383 sh | −11% |
| New | CENTURI HOLDINGS INC (CTRI) | — | 0.2% | +0.2 pts | +89,811 sh | new |
| Increased | RYMAN HOSPITALITY PPTYS INC (RHP) | 1.2% | 1.4% | +0.1 pts | +20,160 sh | +14% |
| New | PENNANT GROUP INC (PNTG) | — | 0.2% | +0.2 pts | +66,241 sh | new |
The 50 largest of 185 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:
- FORWARD AIR CORP (FWRD): 349853101 → 34986A104, 471K → 10,397 shares (share count changed with the identifier; not shown as a trade)
Top 10 positions — 18.7% of the equity book
Changes in the top 10 this quarter: AMTM entered · LITE entered · DY entered · EXTR entered · ATEC left · TCBI left · GTLS left · CRS left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | AMENTUM HOLDINGS INC (AMTM) | 1.6% | 2.1% | Entered the top 10 |
| 2 | LUMENTUM HLDGS INC (LITE) | 1.4% | 2.0% | Entered the top 10 |
| 3 | BGC GROUP INC (BGC) | 2.0% | 2.0% | |
| 4 | DYCOM INDS INC (DY) | 1.6% | 2.0% | Entered the top 10 |
| 5 | GULFPORT ENERGY CORP (GPOR) | 2.0% | 1.9% | |
| 6 | NEWMARK GROUP INC (NMRK) | 1.8% | 1.8% | |
| 7 | AMERIS BANCORP (ABCB) | 1.8% | 1.8% | |
| 8 | WAYSTAR HLDG CORP (WAY) | 1.7% | 1.8% | |
| 9 | EXTREME NETWORKS (EXTR) | 1.2% | 1.7% | Entered the top 10 |
| 10 | GOLDEN ENTMT INC (GDEN) | 1.7% | 1.7% | |
| — | ALPHATEC HLDGS INC (ATEC) | 1.8% | 1.7% | Left the top 10 |
| — | TEXAS CAP BANCSHARES INC (TCBI) | 1.7% | 1.5% | Left the top 10 |
| — | CHART INDS INC (GTLS) | 1.7% | 1.6% | Left the top 10 |
| — | CARPENTER TECHNOLOGY CORP (CRS) | 1.6% | 1.3% | 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).