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Alan Fournier13F | |
| Pennant Investors, LP | |
| Last update 2024-11-14 | 16 Stocks (1 new) |
| Value $350.00 Mil | Turnover 10 % |
| 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 2024-09-30
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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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SATS | EchoStar Corp | 2,320,837 | 57603.170 | +7.79% | 16.440 | +1.19% | 0.850 | -7.31% | +1.83% | 6671.996 | Hardware | |
PRM | Perimeter Solutions SA | 2,700,000 | 36315.000 | +17.39% | 10.370 | +1.54% | 1.860 | 0% | +1.56% | 1898.039 | Chemicals | |
MU | Micron Technology Inc | 340,432 | 35306.200 | -21.01% | 10.080 | -3.11% | 0.030 | -10.02% | +15.68% | 108475.779 | Semiconductors | |
AMZN | Amazon.com Inc | 182,000 | 33912.060 | -24.17% | 9.680 | -2.93% | 0.000 | +16.11% | -0.74% | 2289748.797 | Retail - Cyclical | |
AR | Antero Resources Corp | 1,126,000 | 32259.900 | +34.69% | 9.210 | +2.37% | 0.360 | +37.58% | +10.10% | 12007.819 | Oil & Gas | |
TDG | TransDigm Group Inc | 19,371 | 27644.940 | -40.16% | 7.890 | -4.34% | 0.030 | -7.86% | +2.64% | 73140.631 | Aerospace & Defense | |
GOOGL | Alphabet Inc | 153,000 | 25375.050 | -16.39% | 7.240 | -1.43% | 0.000 | +15.11% | +0.19% | 2329320.320 | Interactive Media | |
MSFT | Microsoft Corp | 51,000 | 21945.300 | -36.25% | 6.260 | -3.39% | 0.000 | -0.63% | -1.38% | 3090456.892 | Software | |
VRT | Vertiv Holdings Co | 160,000 | 15918.400 | +39.13% | 4.540 | +1.28% | 0.040 | +14.75% | +13.50% | 48399.576 | Industrial Products | |
GEV | GE Vernova Inc | 60,000 | 15298.800 | 0% | 4.370 | 0% | 0.020 | +41.95% | +16.21% | 105371.104 | Utilities - Independent Power Producers |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GOOGL | Alphabet Inc | 2023-03-31 | New Buy | +17.19% | 86.2 ($95.94) 107.74 | $189.66 | 97.69% | New holding | 410,000 | 410,000 | |
GOOG | Alphabet Inc | 2023-03-31 | Sold Out | -11.27% | 86.77 ($96.56) 108.8 | $191.05 | 97.86% | Sold Out | 0 | -255,000 | |
| DISH | DISH Network Corp | 2023-12-31 | Sold Out | -8.78% | 3.32 ($4.49) 5.77 | $5.77 | 28.51% | Sold Out | 0 | -4,150,000 | |
SATS | EchoStar Corp | 2023-12-31 | New Buy | +7.79% | 9.68 ($12.88) 16.57 | $23.32 | 81.06% | New holding | 2,153,209 | 2,153,209 | |
ENOV | Enovis Corp | 2024-06-30 | Sold Out | -6.19% | 44.56 ($51.9) 62.43 | $44.75 | -13.78% | Sold Out | 0 | -400,000 | |
ENOV | Enovis Corp | 2024-03-31 | New Buy | +6.19% | 55.44 ($59.84) 63.8 | $44.75 | -25.22% | New holding | 400,000 | 400,000 | |
GOOGL | Alphabet Inc | 2024-03-31 | Reduce | -5.37% | 131.4 ($143.05) 153.51 | $189.66 | 32.58% | Reduce -46.93% | 199,000 | -176,000 | |
TDG | TransDigm Group Inc | 2024-09-30 | Reduce | -4.34% | 1202.03 ($1300.33) 1427.13 | $1,300.73 | 0.03% | Reduce -40.16% | 19,371 | -13,000 | |
MU | Micron Technology Inc | 2024-06-30 | Add | +4.30% | 106.77 ($126.02) 153.45 | $97.36 | -22.74% | Add 40.85% | 431,000 | 125,000 | |
ODP | The ODP Corp | 2024-09-30 | Sold Out | -4.11% | 24.56 ($33.33) 42.42 | $24.21 | -27.36% | Sold Out | 0 | -400,000 |
Alan Fournier Total Holding History ($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 2024-09-30
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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