Penn Capital Management Company LLC's Q1 2026 13F: 38 new positions, 30 exits
Form 13F-HR for the quarter ended Mar 31, 2026 · filed May 7, 2026 · 172 reported positions · accession 0001420506-26-000814
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | APPLIED OPTOELECTRONICS INC (AAOI) | 1.2% | 1.2% | −0.1 pts | −270K sh | −60% |
| New | LEGENCE CORP (LGN) | — | 1.6% | +1.6 pts | +356K sh | new |
| Exited | ELDORADO GOLD CORP NEW (EGO) | 1.5% | — | −1.5 pts | −508K sh | −100% |
| New | SSR MINING IN (SSRM) | — | 1.4% | +1.4 pts | +617K sh | new |
| New | CELANESE CORP DEL (CE) | — | 1.4% | +1.4 pts | +271K sh | new |
| Exited | EXTREME NETWORKS (EXTR) | 1.3% | — | −1.3 pts | −981K sh | −100% |
| Exited | KNIFE RIVER CORP (KNF) | 1.2% | — | −1.2 pts | −212K sh | −100% |
| New | KINIKSA PHARMACEUTICALS INTL (KNSA) | — | 1.1% | +1.1 pts | +302K sh | new |
| Exited | GENIUS SPORTS LIMITED (GENI) | 1.1% | — | −1.1 pts | −1.24M sh | −100% |
| Exited | BANCORP INC DEL (TBBK) | 1.0% | — | −1.0 pts | −191K sh | −100% |
| New | WERNER ENTERPRISES INC (WERN) | — | 1.0% | +1.0 pts | +443K sh | new |
| Exited | NCR ATLEOS CORPORATION (NATL) | 1.0% | — | −1.0 pts | −321K sh | −100% |
| New | HANCOCK WHITNEY CORPORATION (HWC) | — | 0.9% | +0.9 pts | +188K sh | new |
| Increased | CONSTELLIUM SE (CSTM) | 0.5% | 1.6% | +1.1 pts | +480K sh | +131% |
| Exited | MAGNITE INC (MGNI) | 0.9% | — | −0.9 pts | −695K sh | −100% |
| Reduced | ASTEC INDS INC (ASTE) | 0.7% | 0.0% | −0.7 pts | −196K sh | −96% |
| Reduced | THE REALREAL INC (REAL) | 1.7% | 0.1% | −1.5 pts | −1.13M sh | −85% |
| New | BILLIONTOONE INC (BLLN) | — | 0.8% | +0.8 pts | +126K sh | new |
| Increased | HERBALIFE LTD (HLF) | 0.0% | 0.8% | +0.7 pts | +653K sh | +1873% |
| Exited | WAYSTAR HLDG CORP (WAY) | 0.7% | — | −0.7 pts | −273K sh | −100% |
| Reduced | CHEMOURS CO (CC) | 1.3% | 1.7% | +0.4 pts | −405K sh | −29% |
| Increased | CAPRI HOLDINGS LIMITED (CPRI) | 0.8% | 1.2% | +0.4 pts | +482K sh | +119% |
| New | ARCUTIS BIOTHERAPEUTICS INC (ARQT) | — | 0.6% | +0.6 pts | +333K sh | new |
| Reduced | MODINE MFG CO (MOD) | 1.2% | 1.3% | +0.1 pts | −35,639 sh | −32% |
| Exited | FULLER H B CO (FUL) | 0.6% | — | −0.6 pts | −125K sh | −100% |
| Reduced | CAMTEK LTD (CAMT) | 1.1% | 0.9% | −0.2 pts | −49,186 sh | −40% |
| New | TEREX CORP NEW (TEX) | — | 0.5% | +0.5 pts | +112K sh | new |
| Increased | CALIX INC (CALX) | 1.1% | 1.4% | +0.4 pts | +125K sh | +50% |
| Increased | RXO INC (RXO) | 1.0% | 1.5% | +0.6 pts | +387K sh | +40% |
| Exited | GCM GROSVENOR INC (GCMG) | 0.4% | — | −0.4 pts | −450K sh | −100% |
| Increased | SELECT WATER SOLUTIONS INC (WTTR) | 1.0% | 1.7% | +0.8 pts | +308K sh | +27% |
| Reduced | MERCURY SYS INC (MRCY) | 1.1% | 0.7% | −0.4 pts | −64,094 sh | −33% |
| Reduced | WEATHERFORD INTL PLC (WFRD) | 1.8% | 1.7% | 0.0 pts | −49,037 sh | −17% |
| Reduced | TRANSOCEAN LTD (RIG) | 1.2% | 1.6% | +0.4 pts | −603K sh | −16% |
| Increased | SCRIPPS E W CO OHIO (SSP) | 1.0% | 1.3% | +0.2 pts | +1.08M sh | +33% |
| Increased | BANC OF CALIFORNIA INC (BANC) | 1.5% | 1.7% | +0.1 pts | +225K sh | +23% |
| Increased | AGILYSYS INC (AGYS) | 1.3% | 1.1% | −0.2 pts | +55,385 sh | +40% |
| Increased | CAESARS ENTERTAINMENT INC NE (CZR) | 1.4% | 1.8% | +0.4 pts | +136K sh | +18% |
| Increased | OUSTER INC (OUST) | 1.3% | 1.4% | 0.0 pts | +194K sh | +25% |
| Increased | ALPHATEC HLDGS INC (ATEC) | 1.8% | 1.2% | −0.6 pts | +324K sh | +30% |
| Increased | PENN ENTERTAINMENT INC (PENN) | 1.1% | 1.3% | +0.3 pts | +224K sh | +25% |
| Increased | GATES INDL CORP PLC (GTES) | 1.1% | 1.4% | +0.3 pts | +145K sh | +22% |
| Increased | ANI PHARMACEUTICALS INC (ANIP) | 0.9% | 1.1% | +0.2 pts | +42,322 sh | +31% |
| Reduced | SIMILARWEB LTD (SMWB) | 0.9% | 0.1% | −0.9 pts | −1.23M sh | −77% |
| Increased | GULFPORT ENERGY CORP (GPOR) | 1.6% | 1.8% | +0.2 pts | +14,610 sh | +15% |
| Exited | CALAVO GROWERS INC (CVGW) | 0.2% | — | −0.2 pts | −127K sh | −100% |
| Reduced | DYCOM INDS INC (DY) | 1.4% | 1.2% | −0.2 pts | −7,976 sh | −15% |
| New | ASHLAND INC (ASH) | — | 0.2% | +0.2 pts | +47,565 sh | new |
| Reduced | VSE CORP (VSEC) | 1.1% | 1.0% | −0.2 pts | −13,984 sh | −17% |
| Reduced | TAT TECHNOLOGIES LTD (TATT) | 1.3% | 0.9% | −0.3 pts | −62,977 sh | −18% |
The 50 largest of 194 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 — 17.2% of the equity book
Changes in the top 10 this quarter: CZR entered · WTTR entered · CC entered · BANC entered · RIG entered · CSTM entered · DCOM entered · ATEC left · AMTM left · NXST left · REAL left · ABCB left · RDNT left · HROW left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | MIRUM PHARMACEUTICALS INC (MIRM) | 1.8% | 1.8% | |
| 2 | CAESARS ENTERTAINMENT INC NE (CZR) | 1.4% | 1.8% | Entered the top 10 |
| 3 | GULFPORT ENERGY CORP (GPOR) | 1.6% | 1.8% | |
| 4 | WEATHERFORD INTL PLC (WFRD) | 1.8% | 1.7% | |
| 5 | SELECT WATER SOLUTIONS INC (WTTR) | 1.0% | 1.7% | Entered the top 10 |
| 6 | CHEMOURS CO (CC) | 1.3% | 1.7% | Entered the top 10 |
| 7 | BANC OF CALIFORNIA INC (BANC) | 1.5% | 1.7% | Entered the top 10 |
| 8 | TRANSOCEAN LTD (RIG) | 1.2% | 1.6% | Entered the top 10 |
| 9 | CONSTELLIUM SE (CSTM) | 0.5% | 1.6% | Entered the top 10 |
| 10 | DIME CMNTY BANCSHARES INC (DCOM) | 1.4% | 1.6% | Entered the top 10 |
| — | ALPHATEC HLDGS INC (ATEC) | 1.8% | 1.2% | Left the top 10 |
| — | AMENTUM HOLDINGS INC (AMTM) | 1.7% | 1.4% | Left the top 10 |
| — | NEXSTAR MEDIA GROUP INC (NXST) | 1.7% | 1.3% | Left the top 10 |
| — | THE REALREAL INC (REAL) | 1.7% | 0.1% | Left the top 10 |
| — | AMERIS BANCORP (ABCB) | 1.6% | 1.6% | Left the top 10 |
| — | RADNET INC (RDNT) | 1.6% | 1.2% | Left the top 10 |
| — | HARROW INC (HROW) | 1.5% | 1.1% | 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).