Penn Capital Management Company LLC's Q2 2026 13F: 55 new positions, 42 exits
Form 13F-HR for the quarter ended Jun 30, 2026 · filed Jul 30, 2026 · 185 reported positions · accession 0001420506-26-001347
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | CAESARS ENTERTAINMENT INC NE (CZR) | 1.8% | — | −1.8 pts | −896K sh | −100% |
| New | WOLFSPEED INC (WOLF) | — | 1.6% | +1.6 pts | +514K sh | new |
| New | COMPASS INC (COMP) | — | 1.6% | +1.6 pts | +2M sh | new |
| Exited | AMENTUM HOLDINGS INC (AMTM) | 1.4% | — | −1.4 pts | −694K sh | −100% |
| New | CECO ENVIRONMENTAL CORP (CECO) | — | 1.4% | +1.4 pts | +237K sh | new |
| New | HERC HLDGS INC (HRI) | — | 1.3% | +1.3 pts | +147K sh | new |
| Reduced | OUSTER INC (OUST) | 1.4% | 2.6% | +1.2 pts | −314K sh | −32% |
| Exited | DYCOM INDS INC (DY) | 1.2% | — | −1.2 pts | −44,545 sh | −100% |
| Reduced | MODINE MFG CO (MOD) | 1.3% | 0.1% | −1.1 pts | −68,350 sh | −92% |
| New | PATTERSON-UTI ENERGY INC (PTEN) | — | 1.2% | +1.2 pts | +1.99M sh | new |
| Exited | APPLIED OPTOELECTRONICS INC (AAOI) | 1.2% | — | −1.2 pts | −176K sh | −100% |
| Exited | HARROW INC (HROW) | 1.1% | — | −1.1 pts | −408K sh | −100% |
| New | LANTHEUS HLDGS INC (LNTH) | — | 1.1% | +1.1 pts | +154K sh | new |
| New | MARRIOTT VACATIONS WORLDWIDE (VAC) | — | 1.1% | +1.1 pts | +163K sh | new |
| Exited | BOYD GAMING CORP (BYD) | 1.0% | — | −1.0 pts | −156K sh | −100% |
| New | CHURCHILL DOWNS INC (CHDN) | — | 1.0% | +1.0 pts | +172K sh | new |
| Exited | VSE CORP (VSEC) | 1.0% | — | −1.0 pts | −66,934 sh | −100% |
| New | AEHR TEST SYS (AEHR) | — | 0.9% | +0.9 pts | +151K sh | new |
| Reduced | ACM RESH INC (ACMR) | 1.2% | 2.3% | +1.1 pts | −112K sh | −28% |
| New | PRIMORIS SVCS CORP (PRIM) | — | 0.9% | +0.9 pts | +139K sh | new |
| Exited | LAZARD INC (LAZ) | 0.9% | — | −0.9 pts | −265K sh | −100% |
| New | MOELIS & CO (MC) | — | 0.9% | +0.9 pts | +210K sh | new |
| Increased | DUCOMMUN INC DEL (DCO) | 0.1% | 1.0% | +0.9 pts | +72,630 sh | +592% |
| Exited | ITRON INC (ITRI) | 0.8% | — | −0.8 pts | −120K sh | −100% |
| Exited | UNITI GROUP LLC (UNIT) | 0.8% | — | −0.8 pts | −1.14M sh | −100% |
| Exited | MIAMI INTL HLDGS INC (MIAX) | 0.8% | — | −0.8 pts | −274K sh | −100% |
| Increased | PDF SOLUTIONS INC (PDFS) | 0.1% | 0.9% | +0.9 pts | +183K sh | +917% |
| Reduced | CHEFS WHSE INC (CHEF) | 1.2% | 0.8% | −0.4 pts | −131K sh | −49% |
| Exited | MERCURY SYS INC (MRCY) | 0.7% | — | −0.7 pts | −128K sh | −100% |
| Exited | SOLENO THERAPEUTICS INC (SLNO) | 0.7% | — | −0.7 pts | −269K sh | −100% |
| New | VISTEON CORP (VC) | — | 0.7% | +0.7 pts | +108K sh | new |
| Reduced | RXO INC (RXO) | 1.5% | 1.7% | +0.2 pts | −373K sh | −28% |
| Exited | ARCUTIS BIOTHERAPEUTICS INC (ARQT) | 0.6% | — | −0.6 pts | −333K sh | −100% |
| Increased | TEREX CORP NEW (TEX) | 0.5% | 1.1% | +0.5 pts | +119K sh | +106% |
| Reduced | LINDBLAD EXPEDITIONS HLDGS I (LIND) | 1.1% | 1.1% | −0.1 pts | −242K sh | −29% |
| Increased | NATIONAL BK HLDGS CORP (NBHC) | 0.0% | 0.5% | +0.4 pts | +154K sh | +1762% |
| Increased | CAMTEK LTD (CAMT) | 0.9% | 1.2% | +0.3 pts | +41,713 sh | +55% |
| Reduced | DNOW INC (DNOW) | 1.1% | 0.6% | −0.5 pts | −508K sh | −43% |
| Increased | HANCOCK WHITNEY CORPORATION (HWC) | 0.9% | 1.3% | +0.4 pts | +84,047 sh | +45% |
| Increased | HERBALIFE LTD (HLF) | 0.8% | 1.0% | +0.2 pts | +457K sh | +67% |
| Increased | MIRUM PHARMACEUTICALS INC (MIRM) | 1.8% | 2.2% | +0.4 pts | +42,147 sh | +16% |
| Reduced | SELECT WATER SOLUTIONS INC (WTTR) | 1.7% | 1.6% | −0.2 pts | −237K sh | −16% |
| Reduced | SOLARIS ENERGY INFRAS INC (SEI) | 1.2% | 1.1% | −0.1 pts | −56,197 sh | −20% |
| Reduced | RUSH STREET INTERACTIVE INC (RSI) | 1.3% | 1.1% | −0.1 pts | −148K sh | −20% |
| Increased | OPERA LTD (OPRA) | 0.6% | 1.0% | +0.4 pts | +221K sh | +41% |
| Increased | FIRST WATCH RESTAURANT GROUP (FWRG) | 0.9% | 1.2% | +0.3 pts | +332K sh | +29% |
| Increased | KINIKSA PHARMACEUTICALS INTL (KNSA) | 1.1% | 1.5% | +0.4 pts | +66,121 sh | +22% |
| Reduced | VANGUARD INDEX FDS (VXF) | 0.4% | 0.1% | −0.3 pts | −16,253 sh | −72% |
| Increased | ZETA GLOBAL HOLDINGS CORP (ZETA) | 1.0% | 1.3% | +0.3 pts | +200K sh | +24% |
| Reduced | CHEMOURS CO (CC) | 1.7% | 1.0% | −0.6 pts | −191K sh | −19% |
The 50 largest of 226 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:
- TREKOR METALS LTD (TGB): 876511106 → 89472Y107, 59,415 → 74,474 shares (share count changed with the identifier; not shown as a trade)
Top 10 positions — 19.2% of the equity book
Changes in the top 10 this quarter: OUST entered · ACMR entered · LGND entered · TGTX entered · RXO entered · LGN entered · PRKS entered · PENN entered · WOLF entered · CZR left · GPOR left · WFRD left · WTTR left · CC left · BANC left · RIG left · CSTM left · DCOM left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | OUSTER INC (OUST) | 1.4% | 2.6% | Entered the top 10 |
| 2 | ACM RESH INC (ACMR) | 1.2% | 2.3% | Entered the top 10 |
| 3 | MIRUM PHARMACEUTICALS INC (MIRM) | 1.8% | 2.2% | |
| 4 | LIGAND PHARMACEUTICALS INC (LGND) | 1.5% | 2.0% | Entered the top 10 |
| 5 | TG THERAPEUTICS INC (TGTX) | 1.4% | 1.9% | Entered the top 10 |
| 6 | RXO INC (RXO) | 1.5% | 1.7% | Entered the top 10 |
| 7 | LEGENCE CORP (LGN) | 1.6% | 1.7% | Entered the top 10 |
| 8 | UNITED PARKS & RESORTS INC (PRKS) | 1.1% | 1.6% | Entered the top 10 |
| 9 | PENN ENTERTAINMENT INC (PENN) | 1.3% | 1.6% | Entered the top 10 |
| 10 | WOLFSPEED INC (WOLF) | 0.0% | 1.6% | Entered the top 10 |
| — | CAESARS ENTERTAINMENT INC NE (CZR) | 1.8% | 0.0% | Left the top 10 |
| — | GULFPORT ENERGY CORP (GPOR) | 1.8% | 1.1% | Left the top 10 |
| — | WEATHERFORD INTL PLC (WFRD) | 1.7% | 1.2% | Left the top 10 |
| — | SELECT WATER SOLUTIONS INC (WTTR) | 1.7% | 1.6% | Left the top 10 |
| — | CHEMOURS CO (CC) | 1.7% | 1.0% | Left the top 10 |
| — | BANC OF CALIFORNIA INC (BANC) | 1.7% | 1.6% | Left the top 10 |
| — | TRANSOCEAN LTD (RIG) | 1.6% | 1.1% | Left the top 10 |
| — | CONSTELLIUM SE (CSTM) | 1.6% | 1.5% | Left the top 10 |
| — | DIME COML BANCSHARES INC (DCOM) | 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).