# Pennant Investors, LP

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 1759176. Source: https://holderbook.com/funds/1759176-pennant-investors-lp/

- Reported value: $334.9M
- Positions: 16
- Weight of the ten largest: 78.9%
- Filed: 2026-08-14

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 |
|---|---|---|---|---|---|
| SOLSTICE ADVANCED MATLS INC | [SOLS](https://holderbook.com/stocks/SOLS/) | $42.4M | 478,000 | 12.6% | 3 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $38.6M | 162,000 | 11.5% | 31 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $37.3M | 100,000 | 11.1% | 26 |
| ECHOSTAR CORP | [ECHO](https://holderbook.com/stocks/ECHO/) | $27.6M | 271,861 | 8.2% | 11 |
| PERIMETER SOLUTIONS INC | [PRM](https://holderbook.com/stocks/PRM/) | $24.6M | 689,000 | 7.3% | 7 |
| TRANSDIGM GROUP INC | [TDG](https://holderbook.com/stocks/TDG/) | $22.3M | 16,771 | 6.7% | 31 |
| GE VERNOVA INC | [GEV](https://holderbook.com/stocks/GEV/) | $18.2M | 15,500 | 5.4% | 9 |
| VERTIV HOLDINGS CO | [VRT](https://holderbook.com/stocks/VRT/) | $18.1M | 54,000 | 5.4% | 9 |
| EXPAND ENERGY CORPORATION | [EXE](https://holderbook.com/stocks/EXE/) | $17.9M | 196,000 | 5.3% | 7 |
| VALMONT INDS INC | [VMI](https://holderbook.com/stocks/VMI/) | $17.3M | 30,000 | 5.2% | 9 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $17.1M | 47,900 | 5.1% | 14 |
| ANTERO RESOURCES CORP | [AR](https://holderbook.com/stocks/AR/) | $16.9M | 480,000 | 5.0% | 31 |
| FLOWSERVE CORP | [FLS](https://holderbook.com/stocks/FLS/) | $15.6M | 210,000 | 4.6% | 2 |
| VERSIGENT PLC | [VGNT](https://holderbook.com/stocks/VGNT/) | $12.6M | 300,378 | 3.8% | 1 |
| QXO INC | [QXO](https://holderbook.com/stocks/QXO/) | $8.5M | 492,000 | 2.5% | 5 |
| GRAB HOLDINGS LIMITED | [GRABW](https://holderbook.com/stocks/GRABW/) | $3.6K | 80,000 | 0.0% | 19 |

## 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 | +12.6% | +14.8% | -2.2% | 100% |
| Q1 2026 | +4.4% | -4.6% | +9.0% | 98% |
| Q4 2025 | +10.9% | +2.4% | +8.6% | 100% |
| Q3 2025 | +28.2% | +7.8% | +20.4% | 100% |
| Q2 2025 | +24.6% | +10.5% | +14.2% | 87% |
| Q1 2025 | -5.8% | -4.6% | -1.2% | 95% |
| Q4 2024 | +2.9% | +2.1% | +0.8% | 96% |
| Q3 2024 | +4.3% | +5.4% | -1.2% | 96% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $334.9M | 16 |
| Q1 2026 | $361.0M | 17 |
| Q4 2025 | $417.9M | 16 |
| Q3 2025 | $371.7M | 15 |
| Q2 2025 | $334.3M | 16 |
| Q1 2025 | $383.2M | 16 |
| Q4 2024 | $354.3M | 15 |
| Q3 2024 | $350.3M | 15 |
| Q2 2024 | $382.6M | 45 |
| Q1 2024 | $403.7M | 44 |
| Q4 2023 | $458.1M | 43 |
| Q3 2023 | $276.8M | 12 |