Penn Capital Management Company, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Penn Capital Management Company, LLC reported 144 stock positions worth $1.1 billion. Its top holding was Norwegian Cruise Line Holdin (NCLH) at 2.1% of the portfolio, followed by Carpenter Technology (CRS, 2.0%) and Popular (BPOP, 1.9%). Compared with Q2 2024, it opened 21 new positions, sold out of 19, added to 57 and reduced 66. The biggest buy was a new position in Epr Properties (EPR) and the biggest sale an exit from Kulicke & Soffa Industries (KLIC).
- Most Recent 13F
- Q2 2026
- Location
- PHILADELPHIA, PA
- CIK
- 0001158202
- Portfolio Value
- $1.1B (Q3 2024)
- SEC Filing
- 0001420506-24-002569 ↗ filed Nov 14, 2024
Holdings Value
Holdings 144 stocks · $1.1B
| NCLH Norwegian Cruise Line Holdin | 2.12% | 1,113,534 | $22.9M | Add +8.3% |
| CRS Carpenter Technology | 2.00% | 134,520 | $21.5M | Reduce -32.5% |
| BPOP Popular Inc. | 1.94% | 208,232 | $20.9M | Add +6.4% |
| ABCB Ameris Bancorp | 1.89% | 325,330 | $20.3M | Add +25.0% |
| NMRK Newmark Group Inc. Class A | 1.80% | 1,245,091 | $19.4M | Reduce -23.1% |
| MTZ Mastec Inc. | 1.77% | 154,949 | $19.1M | Reduce -5.9% |
| TCBI Texas Capital Bancshares Inc. | 1.77% | 265,988 | $19.1M | Add +28.0% |
| PNFP Pinnacle Financial Partners | 1.76% | 193,506 | $19.0M | Add +1.6% |
| LAZ Lazard Inc. | 1.73% | 369,602 | $18.7M | Reduce -5.2% |
| RXO Rxo Inc. | 1.72% | 662,236 | $18.6M | Add +5.3% |
| WFRD Weatherford International PL | 1.67% | 211,146 | $18.0M | Add +0.1% |
| KNF Knife River Corp. | 1.65% | 198,899 | $17.8M | Reduce -0.6% |
| BGC BGC Group Inc. Class A | 1.65% | 1,936,397 | $17.8M | Add +4.8% |
| GDEN Golden Entertainment Inc. | 1.64% | 554,076 | $17.7M | Reduce -1.3% |
| WAY Waystar Holding Corp. | 1.63% | 629,963 | $17.6M | Add +73.7% |
| QTWO Q2 Holdings Inc. filed as Q2 HLDGS INC | 1.63% | 219,454 | $17.6M | Reduce -0.6% |
| FOUR SHIFT4 Payments Inc. Class A | 1.59% | 193,624 | $17.2M | Reduce -11.0% |
| PRKS United Parks & Resorts Inc. | 1.57% | 334,433 | $17.0M | Add +4.4% |
| CHEF The Chefs' Warehouse Inc. | 1.52% | 390,654 | $16.5M | Add +11.4% |
| SMTC Semtech Corp. | 1.49% | 350,763 | $16.1M | Reduce -4.5% |
| AMG Affiliated Managers Group | 1.49% | 90,046 | $16.1M | Add +5.7% |
| HLMN Hillman Solutions Corp. | 1.45% | 1,479,316 | $15.7M | Reduce -8.0% |
| NXST Nexstar Media Group Inc. | 1.42% | 92,337 | $15.3M | Add +2.4% |
| HALO Halozyme Therapeutics Inc. | 1.42% | 266,167 | $15.3M | Reduce -11.5% |
| MGNI Magnite Inc. | 1.34% | 1,044,297 | $14.5M | Add +13.4% |
| EPR Epr Properties filed as EPR PPTYS | 1.30% | 284,785 | $14.0M | New |
| LTH Life Time Group Holdings Inc. | 1.29% | 568,634 | $13.9M | Add +13.3% |
| KD Kyndryl Holdings Inc. | 1.28% | 600,824 | $13.8M | Add +38.2% |
| RHP Ryman Hospitality Properties | 1.28% | 128,671 | $13.8M | Add +7.0% |
| NOG Northern Oil and Gas Inc. | 1.28% | 389,124 | $13.8M | Reduce -7.1% |
| RIG Transocean Ltd. | 1.28% | 3,230,602 | $13.8M | Add +23.7% |
| PLNT Planet Fitness Inc. Class A | 1.26% | 166,748 | $13.6M | Reduce -2.1% |
| DNOW Dnow Inc. | 1.24% | 1,034,177 | $13.4M | Add +5.6% |
| GTLS Chart Industries Inc. | 1.24% | 107,264 | $13.4M | Add +7.4% |
| STGW Stagwell Inc. | 1.24% | 1,893,018 | $13.3M | Reduce -1.0% |
| FTAI Ftai Aviation Ltd. | 1.21% | 97,746 | $13.0M | Reduce -42.8% |
| CYH Community Health Systems Inc. | 1.18% | 2,088,882 | $12.7M | New |
| HEES H&E Equipment Services Inc. | 1.17% | 258,839 | $12.6M | Reduce -8.7% |
| FBK FB Financial Corp. filed as FB FINL CORP | 1.16% | 266,812 | $12.5M | Reduce -11.8% |
| GXO Gxo Logistics Inc. | 1.13% | 232,636 | $12.1M | Reduce -10.4% |
| TGI Triumph Group Inc. | 1.12% | 939,371 | $12.1M | Add +3.7% |
| MIRM Mirum Pharmaceuticals Inc. | 1.12% | 309,244 | $12.1M | Add +28.2% |
| BYD Boyd Gaming Corp. | 1.10% | 183,124 | $11.9M | Add +30.0% |
| FWRD Forward Air Corp. | 1.06% | 323,093 | $11.5M | New |
| ADC Agree Realty Corp. | 1.02% | 145,675 | $11.0M | Add +65.8% |
| PRSU Pursuit Attractions and Hosp filed as VIAD CORP | 1.01% | 303,680 | $10.9M | Reduce -4.4% |
| STNG Scorpio Tankers Inc. | 0.98% | 147,515 | $10.5M | Reduce -1.1% |
| BKD Brookdale Senior Living Inc. | 0.97% | 1,535,474 | $10.4M | Add +83.3% |
| GTN Gray Media Inc. filed as GRAY TELEVISION INC | 0.96% | 1,921,227 | $10.3M | Add +10.5% |
| CRC California Resources Corp. | 0.94% | 193,313 | $10.2M | Reduce -0.4% |
| LGND Ligand Pharmaceuticals | 0.93% | 100,218 | $10.0M | New |
| PENN Penn Entertainment Inc. | 0.91% | 519,490 | $9.8M | Add +19.1% |
| RDNT Radnet Inc. | 0.91% | 141,173 | $9.8M | Reduce -0.4% |
| VRRM Verra Mobility Corp. | 0.87% | 337,751 | $9.4M | New |
| BV Brightview Holdings Inc. | 0.83% | 568,191 | $9.0M | Reduce -4.6% |
| PEGA Pegasystems Inc. | 0.82% | 120,686 | $8.9M | New |
| ASO Academy Sports & Outdoors Inc. | 0.81% | 150,177 | $8.8M | Add +2.1% |
| ZUO Zuora Inc. Class A | 0.81% | 1,013,098 | $8.7M | Reduce -19.4% |
| ROAD Construction Partners Inc. Class A | 0.80% | 123,096 | $8.6M | Reduce -32.5% |
| FWRG First Watch Restaurant Group | 0.79% | 545,889 | $8.5M | Add +22.6% |
| CCO Clear Channel Outdoor Holdin | 0.79% | 5,331,443 | $8.5M | Add +5.4% |
| RMBS Rambus Inc. | 0.78% | 198,536 | $8.4M | Reduce -3.6% |
| OMF Onemain Holdings Inc. | 0.77% | 175,798 | $8.3M | Reduce -19.0% |
| AVDL Avadel Pharmaceuticals Ltd. | 0.74% | 608,399 | $8.0M | New |
| ARCB Arcbest Corp. | 0.69% | 68,666 | $7.5M | Reduce -24.9% |
| ATEC Alphatec Holdings Inc. | 0.67% | 1,306,249 | $7.3M | Reduce -3.2% |
| CENX Century Aluminum Company | 0.67% | 444,104 | $7.2M | Reduce -1.1% |
| ALGM Allegro Microsystems Inc. | 0.59% | 271,358 | $6.3M | Reduce -51.2% |
| PGNY Progyny Inc. | 0.58% | 372,836 | $6.3M | Add +17.6% |
| NWN Northwest Natural Holding Co. | 0.54% | 141,527 | $5.8M | Reduce -1.6% |
| HCSG Healthcare Services Group | 0.51% | 496,237 | $5.5M | Add +2.6% |
| EZPW Ezcorp Inc. Class A | 0.51% | 491,259 | $5.5M | Add +25.7% |
| OUST Ouster Inc. | 0.50% | 858,965 | $5.4M | Add +6.5% |
| MSEX Middlesex Water Co. | 0.50% | 82,656 | $5.4M | Reduce -2.2% |
| ML Moneylion Inc. | 0.49% | 126,839 | $5.3M | Add +32.2% |
| YORW York Water Co. filed as YORK WTR CO | 0.48% | 137,799 | $5.2M | Add +19.7% |
| FOXF Fox Factory Holding Corp. | 0.45% | 116,384 | $4.8M | Add +39.4% |
| THS Treehouse Foods Inc. | 0.44% | 113,876 | $4.8M | Add +237.1% |
| DEA Easterly Govt Pptys Inc. | 0.43% | 345,531 | $4.7M | Reduce -3.0% |
| PTEN Patterson-Uti Energy Inc. | 0.43% | 611,032 | $4.7M | Reduce -33.7% |
| CWCO Consolidated Water Co.-Ord SH | 0.43% | 184,257 | $4.6M | New |
| CHUY Chuy's Holdings Inc. | 0.43% | 123,411 | $4.6M | Add +205.6% |
| EYE National Vision Holdings Inc. | 0.38% | 380,652 | $4.2M | Add +137.9% |
| MRTN Marten Transport Ltd. | 0.38% | 231,306 | $4.1M | Add +37.0% |
| ROG Rogers Corp. | 0.36% | 34,624 | $3.9M | Add +26.4% |
| NGVT Ingevity Corp. | 0.35% | 96,540 | $3.8M | Add +4.0% |
| OPLN Openlane Inc. | 0.33% | 213,737 | $3.6M | Add +223.7% |
| PSTL Postal Realty Trust Inc. Class A | 0.32% | 236,177 | $3.5M | Add +0.8% |
| MNRO Monro Inc. | 0.31% | 117,185 | $3.4M | Reduce -23.6% |
| VXF Vanguard Extended Market ETF | 0.30% | 17,800 | $3.3M | Reduce -38.1% |
| CVGW Calavo Growers Inc. | 0.29% | 109,349 | $3.1M | New |
| SSP Ew Scripps Co./the-A filed as SCRIPPS E W CO OHIO | 0.28% | 1,344,539 | $3.0M | Add +0.8% |
| JACK Jack in the Box Inc. | 0.28% | 64,805 | $3.0M | Add +30.1% |
| ALNT Allient Inc. | 0.26% | 148,217 | $2.8M | Reduce -2.2% |
| BLMN Bloomin' Brands Inc. | 0.24% | 158,603 | $2.6M | Reduce -65.9% |
| CBL CBL & Associates Properties | 0.24% | 104,097 | $2.6M | New |
| CZR Caesars Entertainment Inc. | 0.23% | 58,360 | $2.5M | Add +40.6% |
| THC Tenet Healthcare Corp. | 0.21% | 13,747 | $2.3M | Reduce -79.8% |
| GNRC Generac Holdings Inc. | 0.21% | 13,851 | $2.2M | Reduce -10.0% |
| IART Integra Lifesciences Holding | 0.20% | 118,888 | $2.2M | New |
Other holdings (2): bonds, preferreds, convertibles and warrants · $10.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| XPRO Expro Group Holdings NV | COM · principal | 583,619 | $10.0M | Add +6.7% |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 325,000 | $297K | New |
Total filed on the 13F, all lines: $1.1B.
Portfolio Sells Q2 2024 → Q3 2024
| KLIC Kulicke & Soffa Industries | Sold out | 0.00% | −1.27 |
| TMHC Taylor Morrison Home Corp. | Sold out | 0.00% | −1.19 |
| SIMO Silicon Motion Technol-ADR | Sold out | 0.00% | −1.19 |
| CROX Crocs Inc. | Sold out | 0.00% | −1.11 |
| INFN Infinera Corp. | Sold out | 0.00% | −1.01 |
| ALGM Allegro Microsystems Inc. | Reduce -51.2% | 0.59% | −0.93 |
| FTRE Fortrea Holdings Inc. | Sold out | 0.00% | −0.72 |
| ATEC Alphatec Holdings Inc. | Reduce -3.2% | 0.67% | −0.68 |
| THC Tenet Healthcare Corp. | Reduce -79.8% | 0.21% | −0.66 |
| NVTS Navitas Semiconductor Corp. | Reduce -97.7% | 0.01% | −0.64 |
| BLMN Bloomin' Brands Inc. | Reduce -65.9% | 0.24% | −0.62 |
| FTAI Ftai Aviation Ltd. | Reduce -42.8% | 1.21% | −0.49 |
| PTEN Patterson-Uti Energy Inc. | Reduce -33.7% | 0.43% | −0.49 |
| AVD American Vanguard Corp. | Sold out | 0.00% | −0.41 |
| ZUO Zuora Inc. Class A | Reduce -19.4% | 0.81% | −0.39 |
| RMBS Rambus Inc. | Reduce -3.6% | 0.78% | −0.39 |
| ARCB Arcbest Corp. | Reduce -24.9% | 0.69% | −0.25 |
| OMF Onemain Holdings Inc. | Reduce -19.0% | 0.77% | −0.24 |
| HLIO Helios Technologies Inc. | Reduce -71.8% | 0.09% | −0.23 |
| NOG Northern Oil and Gas Inc. | Reduce -7.1% | 1.28% | −0.22 |
| PZZA Papa John's Intl Inc. | Sold out | 0.00% | −0.21 |
| STNG Scorpio Tankers Inc. | Reduce -1.1% | 0.98% | −0.19 |
| PLOW Douglas Dynamics Inc. | Sold out | 0.00% | −0.18 |
| PTC PTC Inc. | Sold out | 0.00% | −0.17 |
| OI O-I Glass Inc. | Reduce -94.1% | 0.01% | −0.17 |
| ROAD Construction Partners Inc. Class A | Reduce -32.5% | 0.80% | −0.17 |
| DMC Del Monte Corp. | Reduce -74.7% | 0.08% | −0.17 |
| VXF Vanguard Extended Market ETF | Reduce -38.1% | 0.30% | −0.17 |
| DOLE Dole PLC | Sold out | 0.00% | −0.15 |
| TRS Trimas Corp. | Reduce -62.5% | 0.08% | −0.15 |
| HFWA Heritage Financial Corp. | Sold out | 0.00% | −0.14 |
| GXO Gxo Logistics Inc. | Reduce -10.4% | 1.13% | −0.14 |
| WDC Western Digital Corp. | Reduce -33.8% | 0.17% | −0.13 |
| CRS Carpenter Technology | Reduce -32.5% | 2.00% | −0.11 |
| ALNT Allient Inc. | Reduce -2.2% | 0.26% | −0.11 |
| HALO Halozyme Therapeutics Inc. | Reduce -11.5% | 1.42% | −0.10 |
| LYFT LYFT Inc. Class A | Sold out | 0.00% | −0.09 |
| TER Teradyne Inc. | Reduce -34.4% | 0.12% | −0.09 |
| FIVE Five Below | Sold out | 0.00% | −0.09 |
| BWMN Bowman Consulting Group Ltd. | Sold out | 0.00% | −0.06 |
| CENX Century Aluminum Company | Reduce -1.1% | 0.67% | −0.05 |
| CRC California Resources Corp. | Reduce -0.4% | 0.94% | −0.05 |
| SGRY Surgery Partners Inc. | Sold out | 0.00% | −0.05 |
| GDEN Golden Entertainment Inc. | Reduce -1.3% | 1.64% | −0.05 |
| MNRO Monro Inc. | Reduce -23.6% | 0.31% | −0.04 |
| ELAN Elanco Animal Health Inc. | Reduce -18.4% | 0.15% | −0.04 |
| HEES H&E Equipment Services Inc. | Reduce -8.7% | 1.17% | −0.04 |
| OLO Olo Inc. Class A | Reduce -25.7% | 0.13% | −0.03 |
| FBNC First Bancorp | Sold out | 0.00% | −0.03 |
| AGS Playags Inc. | Sold out | 0.00% | −0.03 |
Portfolio Buys Q2 2024 → Q3 2024
| EPR Epr Properties | New | 1.30% | +1.30 |
| CYH Community Health Systems Inc. | New | 1.18% | +1.18 |
| FWRD Forward Air Corp. | New | 1.06% | +1.06 |
| LGND Ligand Pharmaceuticals | New | 0.93% | +0.93 |
| WAY Waystar Holding Corp. | Add +73.7% | 1.63% | +0.88 |
| VRRM Verra Mobility Corp. | New | 0.87% | +0.87 |
| PEGA Pegasystems Inc. | New | 0.82% | +0.82 |
| AVDL Avadel Pharmaceuticals Ltd. | New | 0.74% | +0.74 |
| ABCB Ameris Bancorp | Add +25.0% | 1.89% | +0.63 |
| TCBI Texas Capital Bancshares Inc. | Add +28.0% | 1.77% | +0.54 |
| ADC Agree Realty Corp. | Add +65.8% | 1.02% | +0.50 |
| CWCO Consolidated Water Co.-Ord SH | New | 0.43% | +0.43 |
| BKD Brookdale Senior Living Inc. | Add +83.3% | 0.97% | +0.42 |
| LTH Life Time Group Holdings Inc. | Add +13.3% | 1.29% | +0.38 |
| BYD Boyd Gaming Corp. | Add +30.0% | 1.10% | +0.35 |
| MIRM Mirum Pharmaceuticals Inc. | Add +28.2% | 1.12% | +0.33 |
| CHUY Chuy's Holdings Inc. | Add +205.6% | 0.43% | +0.33 |
| THS Treehouse Foods Inc. | Add +237.1% | 0.44% | +0.32 |
| PNFP Pinnacle Financial Partners | Add +1.6% | 1.76% | +0.29 |
| CVGW Calavo Growers Inc. | New | 0.29% | +0.29 |
| BPOP Popular Inc. | Add +6.4% | 1.94% | +0.27 |
| NCLH Norwegian Cruise Line Holdin | Add +8.3% | 2.12% | +0.26 |
| CBL CBL & Associates Properties | New | 0.24% | +0.24 |
| OPLN Openlane Inc. | Add +223.7% | 0.33% | +0.23 |
| AMG Affiliated Managers Group | Add +5.7% | 1.49% | +0.21 |
| CHEF The Chefs' Warehouse Inc. | Add +11.4% | 1.52% | +0.20 |
| IART Integra Lifesciences Holding | New | 0.20% | +0.20 |
| EYE National Vision Holdings Inc. | Add +137.9% | 0.38% | +0.18 |
| KD Kyndryl Holdings Inc. | Add +38.2% | 1.28% | +0.18 |
| S Sentinelone Inc. Class A | New | 0.18% | +0.18 |
| BGC BGC Group Inc. Class A | Add +4.8% | 1.65% | +0.17 |
| MGNI Magnite Inc. | Add +13.4% | 1.34% | +0.17 |
| RXO Rxo Inc. | Add +5.3% | 1.72% | +0.14 |
| RHP Ryman Hospitality Properties | Add +7.0% | 1.28% | +0.13 |
| EZPW Ezcorp Inc. Class A | Add +25.7% | 0.51% | +0.12 |
| PKE Park Aerospace Corp. | New | 0.12% | +0.12 |
| CCO Clear Channel Outdoor Holdin | Add +5.4% | 0.79% | +0.11 |
| PENN Penn Entertainment Inc. | Add +19.1% | 0.91% | +0.10 |
| AAOI Applied Optoelectronics Inc. | New | 0.09% | +0.09 |
| GTN Gray Media Inc. | Add +10.5% | 0.96% | +0.09 |
| MRTN Marten Transport Ltd. | Add +37.0% | 0.38% | +0.08 |
| YORW York Water Co. | Add +19.7% | 0.48% | +0.07 |
| CZR Caesars Entertainment Inc. | Add +40.6% | 0.23% | +0.07 |
| FOXF Fox Factory Holding Corp. | Add +39.4% | 0.45% | +0.06 |
| ASO Academy Sports & Outdoors Inc. | Add +2.1% | 0.81% | +0.06 |
| KELYA Kelly Services Inc. Class A | New | 0.05% | +0.05 |
| ROG Rogers Corp. | Add +26.4% | 0.36% | +0.05 |
| FWRG First Watch Restaurant Group | Add +22.6% | 0.79% | +0.04 |
| JACK Jack in the Box Inc. | Add +30.1% | 0.28% | +0.04 |
| NWL Newell Brands Inc. | New | 0.04% | +0.04 |
Options Activity Q2 2024 → Q3 2024
| VIVID SEATS INC | put | Sold out | 74,056 | $426Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2024 → Q3 2024
| XPRO Expro Group Holdings NV | COM · principal | Add +6.7% | 583,619 | $10.0M |
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | New | 325,000 | $297K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 185 | $1.6B | OUST, ACMR, MIRM, LGND, TGTX |
| Q1 2026 | 172 | $1.3B | MIRM, CZR, GPOR, WFRD, WTTR |
| Q4 2025 | 164 | $1.3B | ATEC, WFRD, MIRM, AMTM, NXST |
| Q3 2025 | 169 | $1.3B | DY, AMTM, ATEC, MIRM, WFRD |
| Q2 2025 | 156 | $1.2B | AMTM, LITE, BGC, DY, GPOR |
| Q1 2025 | 160 | $1.0B | BGC, GPOR, NMRK, ATEC, ABCB |
| Q4 2024 | 142 | $1.0B | GTLS, KD, GPOR, WAY, BGC |
| Q3 2024 | 144 | $1.1B | NCLH, CRS, BPOP, ABCB, NMRK |
| Q2 2024 | 142 | $1.0B | WFRD, CRS, NCLH, FTAI, MTZ |
| Q1 2024 | 144 | $1.1B | WFRD, GDEN, PRKS, HEES, BPOP |