Penn Capital Management Company, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Penn Capital Management Company, LLC reported 160 stock positions worth $1.0 billion. Its top holding was BGC Class A (BGC) at 2.0% of the portfolio, followed by Gulfport Energy (GPOR, 2.0%) and Newmark Class A (NMRK, 1.8%). Compared with Q4 2024, it opened 51 new positions, sold out of 33, added to 85 and reduced 24. The biggest buy was a new position in Calix (CALX) and the biggest sale an exit from Triumph (TGI).
- Most Recent 13F
- Q2 2026
- Location
- PHILADELPHIA, PA
- CIK
- 0001158202
- Portfolio Value
- $1.0B (Q1 2025)
- SEC Filing
- 0001420506-25-001104 ↗ filed May 14, 2025
Holdings Value
Holdings 160 stocks · $1.0B
| BGC BGC Group Inc. Class A | 2.01% | 2,238,279 | $20.6M | Add +21.1% |
| GPOR Gulfport Energy Corp. | 1.97% | 109,419 | $20.2M | Add +13.8% |
| NMRK Newmark Group Inc. Class A | 1.79% | 1,508,090 | $18.4M | Add +30.4% |
| ATEC Alphatec Holdings Inc. | 1.79% | 1,802,283 | $18.3M | Add +17.4% |
| ABCB Ameris Bancorp | 1.77% | 315,214 | $18.2M | Add +19.4% |
| GDEN Golden Entertainment Inc. | 1.74% | 674,024 | $17.8M | Add +29.3% |
| TCBI Texas Capital Bancshares Inc. | 1.74% | 237,861 | $17.8M | Add +20.8% |
| WAY Waystar Holding Corp. | 1.73% | 474,665 | $17.8M | Add +3.3% |
| GTLS Chart Industries Inc. | 1.73% | 122,430 | $17.7M | Add +23.7% |
| CRS Carpenter Technology | 1.65% | 93,080 | $16.9M | Add +0.6% |
| FWRG First Watch Restaurant Group | 1.64% | 1,010,755 | $16.9M | Add +37.4% |
| MIRM Mirum Pharmaceuticals Inc. | 1.64% | 373,519 | $16.9M | Add +34.1% |
| KNF Knife River Corp. | 1.62% | 184,110 | $16.7M | Add +17.0% |
| NXST Nexstar Media Group Inc. | 1.62% | 92,382 | $16.6M | Add +17.7% |
| KD Kyndryl Holdings Inc. | 1.61% | 523,531 | $16.5M | Reduce -2.1% |
| DNOW Dnow Inc. | 1.60% | 961,545 | $16.5M | Add +18.2% |
| DY Dycom Industries Inc. | 1.60% | 107,459 | $16.4M | Add +45.9% |
| AMTM Amentum Holdings Inc. | 1.58% | 889,434 | $16.2M | Add +99.3% |
| TGTX TG Therapeutics Inc. | 1.51% | 392,182 | $15.5M | Add +11.6% |
| EPR Epr Properties filed as EPR PPTYS | 1.50% | 291,609 | $15.4M | Add +0.1% |
| CHEF The Chefs' Warehouse Inc. | 1.47% | 276,607 | $15.1M | Reduce -8.0% |
| LTH Life Time Group Holdings Inc. | 1.44% | 487,198 | $14.8M | Reduce -20.3% |
| LITE Lumentum Holdings Inc. | 1.43% | 235,387 | $14.7M | Add +35.6% |
| LAZ Lazard Inc. | 1.42% | 335,747 | $14.6M | Add +8.1% |
| LNTH Lantheus Holdings Inc. | 1.40% | 146,903 | $14.4M | Add +11.5% |
| WFRD Weatherford International PL | 1.39% | 265,327 | $14.2M | Add +45.5% |
| PRKS United Parks & Resorts Inc. | 1.39% | 311,822 | $14.2M | Add +14.6% |
| HLMN Hillman Solutions Corp. | 1.35% | 1,571,635 | $13.8M | Add +19.4% |
| RDNT Radnet Inc. | 1.33% | 274,271 | $13.7M | Add +107.3% |
| RXO Rxo Inc. | 1.33% | 710,290 | $13.6M | Add +21.3% |
| BPOP Popular Inc. | 1.32% | 146,073 | $13.5M | Add +14.0% |
| DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC | 1.29% | 472,415 | $13.2M | Add +44.2% |
| BANC Banc of California Inc. | 1.26% | 911,773 | $13.0M | Add +51.1% |
| FBK FB Financial Corp. filed as FB FINL CORP | 1.25% | 277,090 | $12.9M | Add +8.2% |
| RMBS Rambus Inc. | 1.25% | 246,829 | $12.8M | Add +14.9% |
| RHP Ryman Hospitality Properties | 1.25% | 139,314 | $12.8M | Add +14.4% |
| LGND Ligand Pharmaceuticals | 1.24% | 120,839 | $12.7M | Add +15.7% |
| STGW Stagwell Inc. | 1.23% | 2,084,525 | $12.6M | Add +24.8% |
| EXTR Extreme Networks Inc. | 1.23% | 950,826 | $12.6M | Add +11.9% |
| BLKB Blackbaud Inc. | 1.20% | 198,094 | $12.3M | Add +38.4% |
| SRAD Sportradar Group AG-A | 1.20% | 568,297 | $12.3M | Reduce -29.8% |
| OMF Onemain Holdings Inc. | 1.18% | 247,325 | $12.1M | Add +39.3% |
| ODD Oddity Tech Ltd. Class A | 1.18% | 278,593 | $12.1M | Add +34.7% |
| CALX Calix Inc. | 1.17% | 338,311 | $12.0M | New |
| PRSU Pursuit Attractions and Hosp | 1.17% | 338,241 | $12.0M | Add +19.5% |
| BDN Brandywine Realty Trust | 1.17% | 2,675,294 | $12.0M | Add +12.7% |
| PENN Penn Entertainment Inc. | 1.16% | 731,923 | $12.0M | Add +35.1% |
| NOG Northern Oil and Gas Inc. | 1.16% | 393,815 | $11.9M | Add +12.5% |
| BV Brightview Holdings Inc. | 1.15% | 914,294 | $11.8M | Add +7.7% |
| BYD Boyd Gaming Corp. | 1.12% | 174,130 | $11.5M | Add +7.3% |
| PEGA Pegasystems Inc. | 1.05% | 154,684 | $10.8M | Add +9.3% |
| MGNI Magnite Inc. | 1.02% | 914,685 | $10.5M | Add +17.4% |
| RIG Transocean Ltd. | 1.01% | 3,268,055 | $10.4M | Add +14.6% |
| OUST Ouster Inc. | 1.01% | 1,155,414 | $10.4M | Add +5.6% |
| AGYS Agilysys Inc. | 1.01% | 142,168 | $10.3M | New |
| ASO Academy Sports & Outdoors Inc. | 0.97% | 218,375 | $10.0M | Add +24.9% |
| PWP Perella Weinberg Partners | 0.95% | 527,710 | $9.7M | New |
| CENX Century Aluminum Company | 0.94% | 518,374 | $9.6M | Add +32.8% |
| CRC California Resources Corp. | 0.94% | 218,034 | $9.6M | Add +7.8% |
| FWRD Forward Air Corp. | 0.92% | 470,576 | $9.5M | Add +23.5% |
| WTTR Select Water Solutions Inc. | 0.86% | 839,007 | $8.8M | Add +93.2% |
| LIND Lindblad Expeditions Holding | 0.85% | 944,505 | $8.8M | Add +110.0% |
| GTN Gray Media Inc. | 0.85% | 2,017,748 | $8.7M | Add +16.2% |
| CMC Commercial Metals Co. | 0.84% | 186,448 | $8.6M | Add +1243.6% |
| NCLH Norwegian Cruise Line Holdin | 0.82% | 440,217 | $8.4M | Add +4.6% |
| LBRT Liberty Energy Inc. | 0.80% | 516,789 | $8.2M | Add +91.5% |
| PNFP Pinnacle Financial Partners | 0.79% | 75,839 | $8.1M | Add +6.5% |
| GCMG GCM Grosvenor Inc. Class A | 0.69% | 535,023 | $7.1M | New |
| CYH Community Health Systems Inc. | 0.68% | 2,576,479 | $7.0M | Add +8.6% |
| CCO Clear Channel Outdoor Holdin | 0.61% | 5,661,348 | $6.3M | Add +10.7% |
| CAMT Camtek Ltd. | 0.58% | 101,269 | $6.0M | New |
| RSI Rush Street Interactive Inc. | 0.52% | 499,424 | $5.4M | New |
| VXF Vanguard Extended Market ETF | 0.44% | 25,678 | $4.5M | New |
| SSP Ew Scripps Co./the-A filed as SCRIPPS E W CO OHIO | 0.41% | 1,423,427 | $4.2M | Add +10.0% |
| ASPN Aspen Aerogels Inc. | 0.40% | 642,094 | $4.1M | New |
| SIMO Silicon Motion Technol-ADR | 0.29% | 58,523 | $3.0M | New |
| GILT Gilat Satellite Networks Ltd. | 0.27% | 433,931 | $2.8M | New |
| OSPN Onespan Inc. | 0.25% | 167,236 | $2.6M | New |
| HCSG Healthcare Services Group | 0.25% | 250,556 | $2.5M | Reduce -26.8% |
| CWCO Consolidated Water Co.-Ord SH | 0.25% | 102,893 | $2.5M | Reduce -47.4% |
| FOXF Fox Factory Holding Corp. | 0.24% | 107,346 | $2.5M | Reduce -40.2% |
| EXE Expand Energy Corp. | 0.22% | 20,124 | $2.3M | Add +131.9% |
| DKNG Draftkings Inc. Class A | 0.22% | 66,976 | $2.3M | Add +217.1% |
| OEC Orion SA | 0.22% | 172,572 | $2.2M | Reduce -69.6% |
| ARCB Arcbest Corp. | 0.21% | 30,853 | $2.2M | Reduce -51.6% |
| MAMA Mama's Creations Inc. | 0.21% | 332,948 | $2.2M | Add +170.1% |
| TNC Tennant Co. | 0.21% | 26,834 | $2.1M | Add +102.1% |
| PDFS PDF Solutions Inc. | 0.20% | 108,633 | $2.1M | New |
| MTZ Mastec Inc. | 0.20% | 17,146 | $2.0M | Add +185.9% |
| MRTN Marten Transport Ltd. | 0.19% | 142,617 | $2.0M | Reduce -49.1% |
| IWM iShares Russell 2000 ETF | 0.19% | 9,519 | $1.9M | Add +609.3% |
| AMG Affiliated Managers Group | 0.18% | 10,789 | $1.8M | Reduce -86.4% |
| PRO Pros Holdings Inc. | 0.18% | 94,444 | $1.8M | New |
| NWN Northwest Natural Holding Co. | 0.17% | 41,758 | $1.8M | Reduce -67.0% |
| DRS Leonardo DRS Inc. | 0.17% | 52,549 | $1.8M | Add +225.1% |
| MNRO Monro Inc. | 0.17% | 118,957 | $1.7M | Reduce -16.4% |
| PKE Park Aerospace Corp. | 0.16% | 119,534 | $1.6M | Reduce -27.4% |
| YORW York Water Co. filed as YORK WTR CO | 0.14% | 41,384 | $1.4M | Reduce -71.5% |
| FOUR SHIFT4 Payments Inc. Class A | 0.13% | 15,620 | $1.3M | Reduce -70.9% |
| S Sentinelone Inc. Class A | 0.12% | 67,967 | $1.3M | Add +100.0% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $275K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 290,000 | $275K | Reduce -10.8% |
Total filed on the 13F, all lines: $1.0B.
Portfolio Sells Q4 2024 → Q1 2025
| TGI Triumph Group Inc. | Sold out | 0.00% | −1.55 |
| AMG Affiliated Managers Group | Reduce -86.4% | 0.18% | −1.26 |
| SMTC Semtech Corp. | Sold out | 0.00% | −1.12 |
| HEES H&E Equipment Services Inc. | Sold out | 0.00% | −1.01 |
| QTWO Q2 Holdings Inc. | Sold out | 0.00% | −0.98 |
| BKD Brookdale Senior Living Inc. | Sold out | 0.00% | −0.87 |
| ROAD Construction Partners Inc. Class A | Sold out | 0.00% | −0.85 |
| GXO Gxo Logistics Inc. | Sold out | 0.00% | −0.81 |
| OEC Orion SA | Reduce -69.6% | 0.22% | −0.66 |
| GOOS Canada Goose Holdings Inc. | Sold out | 0.00% | −0.56 |
| DDD 3D Systems Corp. | Reduce -87.5% | 0.04% | −0.47 |
| EZPW Ezcorp Inc. Class A | Reduce -96.9% | 0.02% | −0.47 |
| EYE National Vision Holdings Inc. | Reduce -91.4% | 0.05% | −0.44 |
| SSYS Stratasys Ltd. | Reduce -81.9% | 0.10% | −0.42 |
| FOUR SHIFT4 Payments Inc. Class A | Reduce -70.9% | 0.13% | −0.42 |
| THS Treehouse Foods Inc. | Sold out | 0.00% | −0.39 |
| MSEX Middlesex Water Co. | Sold out | 0.00% | −0.38 |
| ARCB Arcbest Corp. | Reduce -51.6% | 0.21% | −0.37 |
| LOVE The Lovesac Co. | Sold out | 0.00% | −0.37 |
| INDI Indie Semiconductor Inc. Class A | Sold out | 0.00% | −0.35 |
| HCAT Health Catalyst Inc. | Sold out | 0.00% | −0.34 |
| TRS Trimas Corp. | Sold out | 0.00% | −0.34 |
| YORW York Water Co. | Reduce -71.5% | 0.14% | −0.33 |
| CVGW Calavo Growers Inc. | Reduce -74.6% | 0.10% | −0.32 |
| NWN Northwest Natural Holding Co. | Reduce -67.0% | 0.17% | −0.32 |
| FOXF Fox Factory Holding Corp. | Reduce -40.2% | 0.24% | −0.29 |
| CWCO Consolidated Water Co.-Ord SH | Reduce -47.4% | 0.25% | −0.25 |
| MRTN Marten Transport Ltd. | Reduce -49.1% | 0.19% | −0.24 |
| FARM Farmer Bros Co. | Sold out | 0.00% | −0.23 |
| KD Kyndryl Holdings Inc. | Reduce -2.1% | 1.61% | −0.21 |
| NGVT Ingevity Corp. | Sold out | 0.00% | −0.19 |
| MNRO Monro Inc. | Reduce -16.4% | 0.17% | −0.18 |
| SRAD Sportradar Group AG-A | Reduce -29.8% | 1.20% | −0.18 |
| PZZA Papa John's Intl Inc. | Sold out | 0.00% | −0.18 |
| HCSG Healthcare Services Group | Reduce -26.8% | 0.25% | −0.14 |
| KELYA Kelly Services Inc. Class A | Sold out | 0.00% | −0.09 |
| PKE Park Aerospace Corp. | Reduce -27.4% | 0.16% | −0.08 |
| FTAI Ftai Aviation Ltd. | Sold out | 0.00% | −0.07 |
| COUR Coursera Inc. | Sold out | 0.00% | −0.06 |
| PRGO Perrigo Co. PLC | Sold out | 0.00% | −0.05 |
| BKH Black Hills Corp. | Sold out | 0.00% | −0.05 |
| NOMD Nomad Foods Ltd. | Sold out | 0.00% | −0.05 |
| POR Portland General Electric Co. | Sold out | 0.00% | −0.05 |
| ROG Rogers Corp. | Reduce -26.3% | 0.05% | −0.05 |
| REYN Reynolds Consumer Products I | Sold out | 0.00% | −0.05 |
| ELAN Elanco Animal Health Inc. | Sold out | 0.00% | −0.05 |
| KWR Quaker Chemical Corporation | Sold out | 0.00% | −0.04 |
| FCFS Firstcash Holdings Inc. | Sold out | 0.00% | −0.04 |
| THC Tenet Healthcare Corp. | Sold out | 0.00% | −0.04 |
| PSTL Postal Realty Trust Inc. Class A | Sold out | 0.00% | −0.03 |
Portfolio Buys Q4 2024 → Q1 2025
| CALX Calix Inc. | New | 1.17% | +1.17 |
| AGYS Agilysys Inc. | New | 1.01% | +1.01 |
| PWP Perella Weinberg Partners | New | 0.95% | +0.95 |
| CMC Commercial Metals Co. | Add +1243.6% | 0.84% | +0.77 |
| GCMG GCM Grosvenor Inc. Class A | New | 0.69% | +0.69 |
| AMTM Amentum Holdings Inc. | Add +99.3% | 1.58% | +0.66 |
| CAMT Camtek Ltd. | New | 0.58% | +0.58 |
| DNOW Dnow Inc. | Add +18.2% | 1.60% | +0.57 |
| RSI Rush Street Interactive Inc. | New | 0.52% | +0.52 |
| MIRM Mirum Pharmaceuticals Inc. | Add +34.1% | 1.64% | +0.51 |
| TGTX TG Therapeutics Inc. | Add +11.6% | 1.51% | +0.47 |
| VXF Vanguard Extended Market ETF | New | 0.44% | +0.44 |
| RDNT Radnet Inc. | Add +107.3% | 1.33% | +0.43 |
| ATEC Alphatec Holdings Inc. | Add +17.4% | 1.79% | +0.40 |
| NXST Nexstar Media Group Inc. | Add +17.7% | 1.62% | +0.40 |
| ASPN Aspen Aerogels Inc. | New | 0.40% | +0.40 |
| BGC BGC Group Inc. Class A | Add +21.1% | 2.01% | +0.36 |
| BANC Banc of California Inc. | Add +51.1% | 1.26% | +0.35 |
| NMRK Newmark Group Inc. Class A | Add +30.4% | 1.79% | +0.34 |
| DY Dycom Industries Inc. | Add +45.9% | 1.60% | +0.34 |
| LIND Lindblad Expeditions Holding | Add +110.0% | 0.85% | +0.33 |
| ODD Oddity Tech Ltd. Class A | Add +34.7% | 1.18% | +0.33 |
| GTN Gray Media Inc. | Add +16.2% | 0.85% | +0.32 |
| FWRG First Watch Restaurant Group | Add +37.4% | 1.64% | +0.30 |
| DCOM Dime Commercial Bancshares I | Add +44.2% | 1.29% | +0.30 |
| WTTR Select Water Solutions Inc. | Add +93.2% | 0.86% | +0.30 |
| SIMO Silicon Motion Technol-ADR | New | 0.29% | +0.29 |
| OMF Onemain Holdings Inc. | Add +39.3% | 1.18% | +0.27 |
| LBRT Liberty Energy Inc. | Add +91.5% | 0.80% | +0.27 |
| GILT Gilat Satellite Networks Ltd. | New | 0.27% | +0.27 |
| OSPN Onespan Inc. | New | 0.25% | +0.25 |
| LNTH Lantheus Holdings Inc. | Add +11.5% | 1.40% | +0.24 |
| CENX Century Aluminum Company | Add +32.8% | 0.94% | +0.24 |
| EPR Epr Properties | Add +0.1% | 1.50% | +0.23 |
| GPOR Gulfport Energy Corp. | Add +13.8% | 1.97% | +0.23 |
| TCBI Texas Capital Bancshares Inc. | Add +20.8% | 1.74% | +0.23 |
| PDFS PDF Solutions Inc. | New | 0.20% | +0.20 |
| PRO Pros Holdings Inc. | New | 0.18% | +0.18 |
| BLKB Blackbaud Inc. | Add +38.4% | 1.20% | +0.16 |
| IWM iShares Russell 2000 ETF | Add +609.3% | 0.19% | +0.16 |
| STGW Stagwell Inc. | Add +24.8% | 1.23% | +0.15 |
| ABCB Ameris Bancorp | Add +19.4% | 1.77% | +0.15 |
| DKNG Draftkings Inc. Class A | Add +217.1% | 0.22% | +0.14 |
| LGND Ligand Pharmaceuticals | Add +15.7% | 1.24% | +0.14 |
| EXE Expand Energy Corp. | Add +131.9% | 0.22% | +0.14 |
| BPOP Popular Inc. | Add +14.0% | 1.32% | +0.14 |
| RMBS Rambus Inc. | Add +14.9% | 1.25% | +0.13 |
| SSP Ew Scripps Co./the-A | Add +10.0% | 0.41% | +0.13 |
| GDEN Golden Entertainment Inc. | Add +29.3% | 1.74% | +0.12 |
| DRS Leonardo DRS Inc. | Add +225.1% | 0.17% | +0.12 |
Notes & Other Activity Q4 2024 → Q1 2025
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | Reduce -10.8% | 290,000 | $275K |
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 |