# Penn Capital Management Company, LLC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1158202. Source: https://holderbook.com/funds/1158202-penn-capital-management-company-llc/

- Reported value: $1.6B
- Positions: 185
- Weight of the ten largest: 19.2%
- Filed: 2026-07-30

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| OUSTER INC | [OUST](https://holderbook.com/stocks/OUST/) | $41.1M | 656,088 | 2.6% | 13 |
| ACM RESH INC | [ACMR](https://holderbook.com/stocks/ACMR/) | $36.3M | 285,790 | 2.3% | 3 |
| MIRUM PHARMACEUTICALS INC | [MIRM](https://holderbook.com/stocks/MIRM/) | $35.1M | 298,914 | 2.2% | 13 |
| LIGAND PHARMACEUTICALS INC | [LGND](https://holderbook.com/stocks/LGND/) | $31.7M | 100,337 | 2.0% | 8 |
| TG THERAPEUTICS INC | [TGTX](https://holderbook.com/stocks/TGTX/) | $29.5M | 536,067 | 1.9% | 7 |
| RXO INC | [RXO](https://holderbook.com/stocks/RXO/) | $27.0M | 974,963 | 1.7% | 10 |
| LEGENCE CORP | [LGN](https://holderbook.com/stocks/LGN/) | $26.6M | 311,830 | 1.7% | 2 |
| UNITED PARKS & RESORTS INC | [PRKS](https://holderbook.com/stocks/PRKS/) | $25.5M | 533,554 | 1.6% | 31 |
| PENN ENTERTAINMENT INC | [PENN](https://holderbook.com/stocks/PENN/) | $25.4M | 1,186,487 | 1.6% | 17 |
| WOLFSPEED INC | [WOLF](https://holderbook.com/stocks/WOLF/) | $24.8M | 513,975 | 1.6% | 1 |
| COMPASS INC | [COMP](https://holderbook.com/stocks/COMP/) | $24.8M | 2,003,937 | 1.6% | 1 |
| BANC OF CALIFORNIA INC | [BANC](https://holderbook.com/stocks/BANC/) | $24.5M | 1,199,061 | 1.6% | 7 |
| SELECT WATER SOLUTIONS INC | [WTTR](https://holderbook.com/stocks/WTTR/) | $24.5M | 1,222,090 | 1.6% | 7 |
| AGILYSYS INC | [AGYS](https://holderbook.com/stocks/AGYS/) | $24.2M | 231,237 | 1.5% | 6 |
| CONSTELLIUM SE | [CSTM](https://holderbook.com/stocks/CSTM/) | $23.9M | 749,645 | 1.5% | 3 |
| KINIKSA PHARMACEUTICALS INTL | [KNSA](https://holderbook.com/stocks/KNSA/) | $23.6M | 368,114 | 1.5% | 2 |
| GATES INDL CORP PLC | [GTES](https://holderbook.com/stocks/GTES/) | $23.5M | 839,675 | 1.5% | 4 |
| AMERIS BANCORP | [ABCB](https://holderbook.com/stocks/ABCB/) | $23.5M | 260,137 | 1.5% | 27 |
| DIME COML BANCSHARES INC | [DCOM](https://holderbook.com/stocks/DCOM/) | $22.9M | 562,511 | 1.5% | 7 |
| RYMAN HOSPITALITY PPTYS INC | [RHP](https://holderbook.com/stocks/RHP/) | $21.7M | 168,295 | 1.4% | 23 |
| CECO ENVIRONMENTAL CORP | [CECO](https://holderbook.com/stocks/CECO/) | $21.6M | 237,119 | 1.4% | 1 |
| WERNER ENTERPRISES INC | [WERN](https://holderbook.com/stocks/WERN/) | $21.5M | 491,541 | 1.4% | 2 |
| FB FINL CORP | [FBK](https://holderbook.com/stocks/FBK/) | $21.5M | 387,253 | 1.4% | 31 |
| NEWMARK GROUP INC | [NMRK](https://holderbook.com/stocks/NMRK/) | $21.1M | 1,395,935 | 1.3% | 12 |
| HERC HLDGS INC | [HRI](https://holderbook.com/stocks/HRI/) | $21.1M | 146,723 | 1.3% | 1 |
| LIFE TIME GROUP HOLDINGS INC | [LTH](https://holderbook.com/stocks/LTH/) | $21.1M | 514,790 | 1.3% | 9 |
| AMNEAL PHARMACEUTICALS INC | [AMRX](https://holderbook.com/stocks/AMRX/) | $20.5M | 1,181,176 | 1.3% | 3 |
| HANCOCK WHITNEY CORPORATION | [HWC](https://holderbook.com/stocks/HWC/) | $20.4M | 272,472 | 1.3% | 2 |
| ZETA GLOBAL HOLDINGS CORP | [ZETA](https://holderbook.com/stocks/ZETA/) | $20.4M | 1,033,262 | 1.3% | 4 |
| LUMEN TECHNOLOGIES INC | [LUMN](https://holderbook.com/stocks/LUMN/) | $19.6M | 2,547,003 | 1.2% | 4 |
| CAMTEK LTD | [CAMT](https://holderbook.com/stocks/CAMT/) | $19.1M | 117,014 | 1.2% | 6 |
| FIRST WATCH RESTAURANT GROUP | [FWRG](https://holderbook.com/stocks/FWRG/) | $19.0M | 1,472,751 | 1.2% | 10 |
| PURSUIT ATTRACTIONS AND HOSP | [PRSU](https://holderbook.com/stocks/PRSU/) | $18.9M | 336,981 | 1.2% | 22 |
| WEATHERFORD INTL PLC | [WFRD](https://holderbook.com/stocks/WFRD/) | $18.5M | 227,001 | 1.2% | 21 |
| PATTERSON-UTI ENERGY INC | [PTEN](https://holderbook.com/stocks/PTEN/) | $18.3M | 1,990,225 | 1.2% | 1 |
| SOLARIS ENERGY INFRAS INC | [SEI](https://holderbook.com/stocks/SEI/) | $18.1M | 224,485 | 1.1% | 6 |
| RUSH STREET INTERACTIVE INC | [RSI](https://holderbook.com/stocks/RSI/) | $17.7M | 595,281 | 1.1% | 6 |
| CAPRI HOLDINGS LIMITED | [CPRI](https://holderbook.com/stocks/CPRI/) | $17.7M | 951,403 | 1.1% | 4 |
| GULFPORT ENERGY CORP | [GPOR](https://holderbook.com/stocks/GPOR/) | $17.6M | 103,636 | 1.1% | 7 |
| STAGWELL INC | [STGW](https://holderbook.com/stocks/STGW/) | $17.6M | 2,362,291 | 1.1% | 14 |
| TRANSOCEAN LTD | [RIG](https://holderbook.com/stocks/RIG/) | $17.5M | 3,566,644 | 1.1% | 16 |
| TAT TECHNOLOGIES LTD | [TATT](https://holderbook.com/stocks/TATT/) | $17.3M | 357,391 | 1.1% | 5 |
| ANI PHARMACEUTICALS INC | [ANIP](https://holderbook.com/stocks/ANIP/) | $17.2M | 207,362 | 1.1% | 6 |
| LANTHEUS HLDGS INC | [LNTH](https://holderbook.com/stocks/LNTH/) | $17.1M | 153,877 | 1.1% | 1 |
| TEXAS CAP BANCSHARES INC | [TCBI](https://holderbook.com/stocks/TCBI/) | $17.0M | 164,171 | 1.1% | 21 |
| LINDBLAD EXPEDITIONS HLDGS I | [LIND](https://holderbook.com/stocks/LIND/) | $16.8M | 595,133 | 1.1% | 7 |
| RADNET INC | [RDNT](https://holderbook.com/stocks/RDNT/) | $16.8M | 271,352 | 1.1% | 13 |
| TEREX CORP NEW | [TEX](https://holderbook.com/stocks/TEX/) | $16.7M | 231,008 | 1.1% | 2 |
| CENTURI HOLDINGS INC | [CTRI](https://holderbook.com/stocks/CTRI/) | $16.6M | 548,938 | 1.1% | 5 |
| MARRIOTT VACATIONS WORLDWIDE | [VAC](https://holderbook.com/stocks/VAC/) | $16.6M | 162,740 | 1.1% | 1 |
| EZCORP INC | [EZPW](https://holderbook.com/stocks/EZPW/) | $16.4M | 474,692 | 1.0% | 11 |
| CHEMOURS CO | [CC](https://holderbook.com/stocks/CC/) | $16.3M | 790,591 | 1.0% | 4 |
| GXO LOGISTICS INCORPORATED | [GXO](https://holderbook.com/stocks/GXO/) | $16.1M | 316,639 | 1.0% | 5 |
| NEXSTAR MEDIA GROUP INC | [NXST](https://holderbook.com/stocks/NXST/) | $15.9M | 88,677 | 1.0% | 31 |
| DUCOMMUN INC DEL | [DCO](https://holderbook.com/stocks/DCO/) | $15.8M | 84,906 | 1.0% | 6 |
| BILLIONTOONE INC | [BLLN](https://holderbook.com/stocks/BLLN/) | $15.5M | 129,602 | 1.0% | 2 |
| SSR MINING IN | [SSRM](https://holderbook.com/stocks/SSRM/) | $15.5M | 548,429 | 1.0% | 2 |
| CHURCHILL DOWNS INC | [CHDN](https://holderbook.com/stocks/CHDN/) | $15.4M | 171,671 | 1.0% | 1 |
| OPERA LTD | [OPRA](https://holderbook.com/stocks/OPRA/) | $15.2M | 765,767 | 1.0% | 4 |
| POPULAR INC | [BPOP](https://holderbook.com/stocks/BPOP/) | $15.1M | 92,039 | 1.0% | 14 |
| HERBALIFE LTD | [HLF](https://holderbook.com/stocks/HLF/) | $15.1M | 1,145,024 | 1.0% | 3 |
| CALIX INC | [CALX](https://holderbook.com/stocks/CALX/) | $14.5M | 388,239 | 0.9% | 6 |
| AEHR TEST SYS | [AEHR](https://holderbook.com/stocks/AEHR/) | $14.5M | 150,547 | 0.9% | 1 |
| PDF SOLUTIONS INC | [PDFS](https://holderbook.com/stocks/PDFS/) | $14.4M | 203,136 | 0.9% | 6 |
| GRAY MEDIA INC | [GTN](https://holderbook.com/stocks/GTN/) | $13.9M | 3,503,974 | 0.9% | 31 |
| PRIMORIS SVCS CORP | [PRIM](https://holderbook.com/stocks/PRIM/) | $13.8M | 138,964 | 0.9% | 1 |
| MOELIS & CO | [MC](https://holderbook.com/stocks/MC/) | $13.8M | 210,064 | 0.9% | 1 |
| CHEFS WHSE INC | [CHEF](https://holderbook.com/stocks/CHEF/) | $13.3M | 137,839 | 0.8% | 11 |
| ALPHATEC HLDGS INC | [ATEC](https://holderbook.com/stocks/ATEC/) | $12.9M | 1,488,060 | 0.8% | 30 |
| SCRIPPS E W CO OHIO | [SSP](https://holderbook.com/stocks/SSP/) | $12.8M | 4,631,474 | 0.8% | 31 |
| CALIFORNIA RES CORP | [CRC](https://holderbook.com/stocks/CRC/) | $11.2M | 211,132 | 0.7% | 20 |
| VISTEON CORP | [VC](https://holderbook.com/stocks/VC/) | $10.7M | 108,028 | 0.7% | 1 |
| CELANESE CORP DEL | [CE](https://holderbook.com/stocks/CE/) | $9.3M | 200,758 | 0.6% | 2 |
| DNOW INC | [DNOW](https://holderbook.com/stocks/DNOW/) | $8.7M | 669,753 | 0.6% | 19 |
| NORTHERN OIL & GAS INC | [NOG](https://holderbook.com/stocks/NOG/) | $8.4M | 462,547 | 0.5% | 19 |
| NATIONAL BK HLDGS CORP | [NBHC](https://holderbook.com/stocks/NBHC/) | $7.2M | 162,446 | 0.5% | 2 |
| FREIGHTCAR AMER INC | [RAIL](https://holderbook.com/stocks/RAIL/) | $3.3M | 339,200 | 0.2% | 3 |
| MIDDLESEX WTR CO | [MSEX](https://holderbook.com/stocks/MSEX/) | $3.0M | 54,308 | 0.2% | 5 |
| YORK WTR CO | [YORW](https://holderbook.com/stocks/YORW/) | $3.0M | 97,796 | 0.2% | 20 |
| SURGERY PARTNERS INC | [SGRY](https://holderbook.com/stocks/SGRY/) | $2.9M | 175,083 | 0.2% | 1 |
| STEPAN CO | [SCL](https://holderbook.com/stocks/SCL/) | $2.9M | 51,552 | 0.2% | 2 |
| BRIGHTVIEW HLDGS INC | [BV](https://holderbook.com/stocks/BV/) | $2.9M | 202,694 | 0.2% | 11 |
| STRATASYS LTD | [SSYS](https://holderbook.com/stocks/SSYS/) | $2.9M | 333,515 | 0.2% | 7 |
| ONTERRIS INC | [ONT](https://holderbook.com/stocks/ONT/) | $2.8M | 138,744 | 0.2% | 1 |
| NATIONAL VISION HLDGS INC | [EYE](https://holderbook.com/stocks/EYE/) | $2.8M | 146,253 | 0.2% | 1 |
| ADDUS HOMECARE CORP | [ADUS](https://holderbook.com/stocks/ADUS/) | $2.6M | 25,830 | 0.2% | 1 |
| RLJ LODGING TR | [RLJ](https://holderbook.com/stocks/RLJ/) | $2.4M | 205,159 | 0.2% | 2 |
| JFROG LTD | [FROG](https://holderbook.com/stocks/FROG/) | $2.4M | 26,407 | 0.2% | 1 |
| CIVEO CORP CDA | [CVEO](https://holderbook.com/stocks/CVEO/) | $2.4M | 67,572 | 0.2% | 1 |
| SABRE CORP | [SABR](https://holderbook.com/stocks/SABR/) | $2.3M | 1,086,695 | 0.1% | 1 |
| NORTHWEST NAT HLDG CO | [NWN](https://holderbook.com/stocks/NWN/) | $2.1M | 43,387 | 0.1% | 17 |
| TETRA TECHNOLOGIES INC DEL | [TTI](https://holderbook.com/stocks/TTI/) | $2.0M | 180,867 | 0.1% | 2 |
| RAMBUS INC DEL | [RMBS](https://holderbook.com/stocks/RMBS/) | $1.9M | 14,204 | 0.1% | 28 |
| GILAT SATELLITE NETWORKS LTD | [GILT](https://holderbook.com/stocks/GILT/) | $1.9M | 139,273 | 0.1% | 6 |
| PARK AEROSPACE CORP | [PKE](https://holderbook.com/stocks/PKE/) | $1.9M | 48,539 | 0.1% | 8 |
| AFFILIATED MANAGERS GROUP | [AMG](https://holderbook.com/stocks/AMG/) | $1.8M | 5,397 | 0.1% | 11 |
| DRAFTKINGS INC NEW | [DKNG](https://holderbook.com/stocks/DKNG/) | $1.8M | 71,960 | 0.1% | 9 |
| MASTEC INC | [MTZ](https://holderbook.com/stocks/MTZ/) | $1.8M | 4,321 | 0.1% | 10 |
| NEUROCRINE BIOSCIENCES INC | [NBIX](https://holderbook.com/stocks/NBIX/) | $1.8M | 10,600 | 0.1% | 1 |
| PINNACLE FINL PARTNERS INC | [PNFP](https://holderbook.com/stocks/PNFP/) | $1.8M | 17,236 | 0.1% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +24.5% | +14.8% | +9.7% | 99% |
| Q1 2026 | +1.9% | -4.6% | +6.5% | 100% |
| Q4 2025 | -1.3% | +2.4% | -3.6% | 100% |
| Q3 2025 | +11.0% | +7.8% | +3.2% | 100% |
| Q2 2025 | +13.5% | +10.5% | +3.0% | 99% |
| Q1 2025 | -6.8% | -4.6% | -2.3% | 100% |
| Q4 2024 | +4.5% | +2.1% | +2.4% | 99% |
| Q3 2024 | +4.2% | +5.4% | -1.2% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.6B | 185 |
| Q1 2026 | $1.3B | 172 |
| Q4 2025 | $1.3B | 165 |
| Q3 2025 | $1.3B | 170 |
| Q2 2025 | $1.2B | 157 |
| Q1 2025 | $1.0B | 161 |
| Q4 2024 | $1.0B | 143 |
| Q3 2024 | $1.1B | 146 |
| Q2 2024 | $1.1B | 144 |
| Q1 2024 | $1.1B | 144 |
| Q4 2023 | $1.1B | 145 |
| Q3 2023 | $975.9M | 150 |