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Alan Fournier13F | |
| Pennant Investors, LP | |
| Last update 2024-08-14 | 46 Stocks (6 new) |
| Value $383.00 Mil | Turnover 15 % |
| Portfolio Report | |
Alan Fournier Profile
Alan Fournier used to manage the Pennant Master Fund, Pennant Windward Master Fund, Broadway Gate Master Fund, Ltd. and Pennant General Partner, LLC. Previously, Mr. Fournier was the partner responsible for global equity investments at Appaloosa Management L.P.
He began his investment career at Sanford C. Bernstein in 1988. Before entering the investment management industry, Mr. Fournier spent five years in technology system sales for Digital Equipment Corporation, where he was a national account manager.In 2018, Mr. Fournier decided to return clients’ capital after a period of lackluster returns and converted his firm to a family office.
He began his investment career at Sanford C. Bernstein in 1988. Before entering the investment management industry, Mr. Fournier spent five years in technology system sales for Digital Equipment Corporation, where he was a national account manager.In 2018, Mr. Fournier decided to return clients’ capital after a period of lackluster returns and converted his firm to a family office.
Alan Fournier Investing Philosophy
Mr. Fournier famously has never taken a finance or accounting course. His investment strategy is a combination of what he learned while working at Bernstein, Pneza Investment and Appaloosa Management. His firm’s strategy focused on a buy and hold, long/short approach that included hedging, leverage, option trading and short-selling. In terms of long positions, Mr. Fournier places emphasis on growth and value qualities.
Alan Fournier Top Holdings of 2024-06-30
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| Ticker | | Company | Shares | Value ($1000) | Shares Change % | Weighting % | Trade Impact % | % of Shares outstanding | 3M Change % | YTD Change % | Market Cap $Mil | Industry |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MU | Micron Technology Inc | 431,000 | 56689.430 | +40.85% | 14.820 | +4.30% | 0.040 | +9.88% | +19.57% | 112792.393 | Semiconductors | |
AMZN | Amazon.com Inc | 240,000 | 46380.000 | -18.92% | 12.120 | -2.50% | 0.000 | +16.61% | +28.86% | 2058734.005 | Retail - Cyclical | |
TDG | TransDigm Group Inc | 32,371 | 41357.510 | -22.93% | 10.810 | -2.94% | 0.060 | +14.56% | +37.29% | 73808.365 | Aerospace & Defense | |
SATS | EchoStar Corp | 2,153,209 | 38348.650 | 0% | 10.020 | 0% | 0.790 | +24.46% | +46.47% | 6593.694 | Hardware | |
MSFT | Microsoft Corp | 80,000 | 35756.000 | -28.57% | 9.350 | -3.34% | 0.000 | +0.17% | +9.22% | 3036851.402 | Software | |
GOOGL | Alphabet Inc | 183,000 | 33333.450 | -8.04% | 8.710 | -0.60% | 0.000 | +1.69% | +21.46% | 2079813.550 | Interactive Media | |
AR | Antero Resources Corp | 836,000 | 27278.680 | -26.21% | 7.130 | -2.14% | 0.270 | +0.26% | +17.15% | 8267.627 | Oil & Gas | |
PRM | Perimeter Solutions SA | 2,300,000 | 18009.000 | 0% | 4.710 | 0% | 1.580 | +41.18% | +197.39% | 1987.178 | Chemicals | |
AR
CALL
| Antero Resources Corp | 500,000 | 16315.000 | 0% | 4.260 | 0% | 0.160 | +0.26% | +17.15% | 8267.627 | Oil & Gas | |
ODP | The ODP Corp | 400,000 | 15708.000 | 0% | 4.110 | 0% | 1.190 | -21.49% | -44.65% | 1046.383 | Retail - Cyclical |
Alan Fournier's Historical Top Holdings Breakdowns
Alan Fournier's Top Stock Picks
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| Ticker | | Company | Date | Action | Impact % | Price Range | Price | Price Change from Avrg% | Comment | Current Shares | Share Change |
|---|---|---|---|---|---|---|---|---|---|---|---|
ENOV | Enovis Corp | 2024-06-30 | Sold Out | -6.19% | 44.56 ($51.9) 62.43 | $43.03 | -17.09% | Sold Out | 0 | -400,000 | |
MU | Micron Technology Inc | 2024-06-30 | Add | +4.30% | 106.77 ($126.02) 153.45 | $101.73 | -19.27% | Add 40.85% | 431,000 | 125,000 | |
MSFT | Microsoft Corp | 2024-06-30 | Reduce | -3.34% | 389.33 ($422.32) 452.85 | $408.46 | -3.28% | Reduce -28.57% | 80,000 | -32,000 | |
TDG | TransDigm Group Inc | 2024-06-30 | Reduce | -2.94% | 1187.7 ($1282.14) 1362.3 | $1,315.39 | 2.59% | Reduce -22.93% | 32,371 | -9,629 | |
VMI | Valmont Industries Inc | 2024-06-30 | New Buy | +2.87% | 204.8 ($243.81) 276.46 | $319.46 | 31.03% | New holding | 40,000 | 40,000 | |
GEV | GE Vernova Inc | 2024-06-30 | New Buy | +2.69% | 122.7 ($158.47) 181.45 | $295.46 | 86.45% | New holding | 60,000 | 60,000 | |
VRT | Vertiv Holdings Co | 2024-06-30 | New Buy | +2.60% | 75.01 ($91.04) 106.17 | $106.21 | 16.66% | New holding | 115,000 | 115,000 | |
AMZN | Amazon.com Inc | 2024-06-30 | Reduce | -2.50% | 173.67 ($183.7) 197.85 | $195.79 | 6.58% | Reduce -18.92% | 240,000 | -56,000 | |
AR | Antero Resources Corp | 2024-06-30 | Reduce | -2.14% | 28.86 ($32.71) 35.63 | $26.57 | -18.77% | Reduce -26.21% | 836,000 | -297,000 | |
IREN | Iris Energy Ltd | 2024-06-30 | New Buy | +1.39% | 4.33 ($7.49) 14.45 | $8.51 | 13.62% | New holding | 470,000 | 470,000 |
Alan Fournier Total Holding History ($B)
Alan Fournier's Asset Allocation
Alan Fournier Past Portfolios
| Portfolio Date | Number of Stocks | New Stocks | Total Value ($Mil) | Q/Q Turnover |
|---|---|---|---|---|
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Alan Fournier's Hypothetical Growth since 2024-06-30
Alan Fournier's Yearly Returns
| Year | Portfolio % | % | Excess Gain % |
|---|
Alan Fournier's Holdings Heat Map
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Alan Fournier's Holdings Bubble Chart
Alan Fournier News
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