Penn Capital Management Company, LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Penn Capital Management Company, LLC reported 156 stock positions worth $1.2 billion. Its top holding was Amentum (AMTM) at 2.1% of the portfolio, followed by Lumentum (LITE, 2.0%) and BGC Class A (BGC, 2.0%). Compared with Q1 2025, it opened 27 new positions, sold out of 31, added to 69 and reduced 59. The biggest buy was Caesars Entertainment (CZR, shares +1144%) and the biggest sale an exit from Epr Properties (EPR).

Most Recent 13F
Q2 2026
Location
PHILADELPHIA, PA
CIK
0001158202
Portfolio Value
$1.2B (Q2 2025)
SEC Filing
0001420506-25-002135 ↗ filed Aug 14, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B Q1 2024: $1.1B Q1 2024 Q2 2024: $1.0B Q2 2024 Q3 2024: $1.1B Q3 2024 Q4 2024: $1.0B Q4 2024 Q1 2025: $1.0B Q1 2025 Q2 2025: $1.2B $1.2B Q2 2025 Q3 2025: $1.3B Q3 2025 Q4 2025: $1.3B Q4 2025 Q1 2026: $1.3B Q1 2026 Q2 2026: $1.6B Q2 2026

Holdings 156 stocks · $1.2B
AMTM Amentum Holdings Inc. 2.05% 1,003,472 $23.8M Add +12.8%
LITE Lumentum Holdings Inc. 1.99% 240,991 $23.0M Add +2.4%
BGC BGC Group Inc. Class A 1.99% 2,238,373 $23.0M Add +0.0%
DY Dycom Industries Inc. 1.97% 93,141 $22.8M Reduce -13.3%
GPOR Gulfport Energy Corp. 1.91% 109,599 $22.1M Add +0.2%
NMRK Newmark Group Inc. Class A 1.78% 1,687,380 $20.6M Add +11.9%
ABCB Ameris Bancorp 1.77% 314,806 $20.4M Reduce -0.1%
WAY Waystar Holding Corp. 1.76% 496,466 $20.3M Add +4.6%
EXTR Extreme Networks Inc. 1.74% 1,118,021 $20.1M Add +17.6%
GDEN Golden Entertainment Inc. 1.74% 680,167 $20.1M Add +0.9%
ATEC Alphatec Holdings Inc. 1.66% 1,725,250 $19.2M Reduce -4.3%
RMBS Rambus Inc. 1.59% 286,263 $18.4M Add +16.0%
CAMT Camtek Ltd. 1.57% 214,151 $18.2M Add +111.5%
AGYS Agilysys Inc. 1.57% 157,944 $18.2M Add +11.1%
MGNI Magnite Inc. 1.56% 747,834 $18.1M Reduce -18.2%
GTLS Chart Industries Inc. 1.55% 108,881 $18.0M Reduce -11.1%
MIRM Mirum Pharmaceuticals Inc. 1.51% 342,256 $17.5M Reduce -8.4%
NXST Nexstar Media Group Inc. 1.50% 99,648 $17.3M Add +7.9%
CALX Calix Inc. 1.46% 315,847 $16.8M Reduce -6.6%
TCBI Texas Capital Bancshares Inc. 1.46% 211,478 $16.8M Reduce -11.1%
OUST Ouster Inc. 1.44% 687,866 $16.7M Reduce -40.5%
RSI Rush Street Interactive Inc. 1.41% 1,092,190 $16.3M Add +118.7%
FWRG First Watch Restaurant Group 1.40% 1,005,891 $16.2M Reduce -0.5%
RDNT Radnet Inc. 1.39% 281,256 $16.0M Add +2.5%
CZR Caesars Entertainment Inc. 1.38% 562,471 $16.0M Add +1144.2%
TGTX TG Therapeutics Inc. 1.38% 443,365 $16.0M Add +13.1%
LTH Life Time Group Holdings Inc. 1.38% 522,947 $15.9M Add +7.3%
BPOP Popular Inc. 1.37% 143,703 $15.9M Reduce -1.6%
RXO Rxo Inc. 1.37% 1,004,868 $15.8M Add +41.5%
CHEF The Chefs' Warehouse Inc. 1.37% 246,781 $15.8M Reduce -10.8%
RHP Ryman Hospitality Properties 1.36% 159,474 $15.8M Add +14.5%
KD Kyndryl Holdings Inc. 1.35% 370,842 $15.6M Reduce -29.2%
SRAD Sportradar Group AG-A 1.34% 551,783 $15.5M Reduce -2.9%
CRS Carpenter Technology 1.34% 55,708 $15.4M Reduce -40.1%
DNOW Dnow Inc. 1.33% 1,035,515 $15.4M Add +7.7%
WFRD Weatherford International PL 1.31% 300,752 $15.2M Add +13.3%
KNF Knife River Corp. 1.28% 180,984 $14.8M Reduce -1.7%
NOG Northern Oil and Gas Inc. 1.27% 515,934 $14.7M Add +31.0%
BV Brightview Holdings Inc. 1.25% 870,001 $14.5M Reduce -4.8%
PRKS United Parks & Resorts Inc. 1.25% 304,502 $14.4M Reduce -2.4%
LGND Ligand Pharmaceuticals 1.19% 120,384 $13.7M Reduce -0.4%
ODD Oddity Tech Ltd. Class A 1.14% 173,960 $13.2M Reduce -37.6%
DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC 1.14% 486,074 $13.1M Add +2.9%
OMF Onemain Holdings Inc. 1.12% 225,917 $12.9M Reduce -8.7%
BYD Boyd Gaming Corp. 1.09% 161,635 $12.7M Reduce -7.2%
BANC Banc of California Inc. 1.09% 896,239 $12.6M Reduce -1.7%
FBK FB Financial Corp. filed as FB FINL CORP 1.09% 277,096 $12.6M Add +0.0%
ETOR Etoro Group Ltd. Class A 1.06% 183,949 $12.3M New
CRC California Resources Corp. 1.05% 265,534 $12.1M Add +21.8%
BLKB Blackbaud Inc. 1.05% 187,988 $12.1M Reduce -5.1%
PENN Penn Entertainment Inc. 1.04% 672,791 $12.0M Reduce -8.1%
PEGA Pegasystems Inc. 1.04% 221,577 $12.0M Add +43.2%
ASO Academy Sports & Outdoors Inc. 1.03% 265,661 $11.9M Add +21.6%
STGW Stagwell Inc. 1.01% 2,580,078 $11.6M Add +23.8%
GRDN Guardian Phrmcy Services-A 0.98% 532,787 $11.4M New
CDE Coeur Mining Inc. 0.98% 1,278,733 $11.3M New
PWP Perella Weinberg Partners 0.98% 582,810 $11.3M Add +10.4%
CMC Commercial Metals Co. 0.98% 230,397 $11.3M Add +23.6%
LAZ Lazard Inc. 0.96% 231,724 $11.1M Reduce -31.0%
LIND Lindblad Expeditions Holding 0.96% 953,121 $11.1M Add +0.9%
GXO Gxo Logistics Inc. 0.95% 224,056 $10.9M New
GTN Gray Media Inc. 0.89% 2,253,582 $10.2M Add +11.7%
PRSU Pursuit Attractions and Hosp 0.84% 336,455 $9.7M Reduce -0.5%
NCLH Norwegian Cruise Line Holdin 0.81% 461,388 $9.4M Add +4.8%
WTTR Select Water Solutions Inc. 0.79% 1,050,904 $9.1M Add +25.3%
HNI Hni Corp. 0.77% 180,145 $8.9M New
RIG Transocean Ltd. 0.72% 3,186,056 $8.3M Reduce -2.5%
BDN Brandywine Realty Trust 0.71% 1,901,748 $8.2M Reduce -28.9%
PNFP Pinnacle Financial Partners 0.70% 73,350 $8.1M Reduce -3.3%
GCMG GCM Grosvenor Inc. Class A 0.68% 676,897 $7.8M Add +26.5%
FUL H.B. Fuller Co. filed as FULLER H B CO 0.68% 129,578 $7.8M New
CCO Clear Channel Outdoor Holdin 0.49% 4,872,296 $5.7M Reduce -13.9%
ASPN Aspen Aerogels Inc. 0.38% 745,877 $4.4M Add +16.2%
SSP Ew Scripps Co./the-A filed as SCRIPPS E W CO OHIO 0.36% 1,429,966 $4.2M Add +0.5%
SMWB Similarweb Ltd. 0.28% 412,166 $3.2M New
EZPW Ezcorp Inc. Class A 0.26% 216,048 $3.0M Add +1599.6%
FOXF Fox Factory Holding Corp. 0.26% 114,880 $3.0M Add +7.0%
NWN Northwest Natural Holding Co. 0.25% 73,864 $2.9M Add +76.9%
OSPN Onespan Inc. 0.23% 159,599 $2.7M Reduce -4.6%
CVGW Calavo Growers Inc. 0.22% 97,638 $2.6M Add +128.5%
TNC Tennant Co. 0.21% 31,714 $2.5M Add +18.2%
PDFS PDF Solutions Inc. 0.21% 114,670 $2.5M Add +5.6%
DKNG Draftkings Inc. Class A 0.20% 54,150 $2.4M Reduce -19.1%
MTZ Mastec Inc. 0.20% 13,507 $2.3M Reduce -21.2%
FSM Fortuna Mining Corp. 0.20% 350,622 $2.3M New
AVO Mission Produce Inc. 0.19% 190,522 $2.2M New
KWR Quaker Chemical Corporation 0.19% 19,762 $2.2M New
DRS Leonardo DRS Inc. 0.19% 45,474 $2.2M Reduce -13.5%
EXE Expand Energy Corp. 0.18% 17,228 $2.0M Reduce -14.4%
VXF Vanguard Extended Market ETF 0.17% 10,262 $2.0M Reduce -60.0%
CTRI Centuri Holdings Inc. 0.17% 89,811 $2.0M New
PNTG The Pennant Group Inc. 0.17% 66,241 $2.0M New
YORW York Water Co. filed as YORK WTR CO 0.16% 59,165 $1.9M Add +43.0%
PRO Pros Holdings Inc. 0.16% 116,565 $1.8M Add +23.4%
DOLE Dole PLC 0.16% 128,984 $1.8M New
PKE Park Aerospace Corp. 0.15% 118,834 $1.8M Reduce -0.6%
THS Treehouse Foods Inc. 0.15% 89,456 $1.7M New
FOUR SHIFT4 Payments Inc. Class A 0.14% 15,852 $1.6M Add +1.5%
RSKD Riskified Ltd. Class A 0.14% 319,016 $1.6M Add +46.5%
GILT Gilat Satellite Networks Ltd. 0.14% 220,854 $1.6M Reduce -49.1%
AMWD American Woodmark Corp. 0.13% 28,854 $1.5M Add +171.4%
HQY Healthequity Inc. 0.13% 14,359 $1.5M Add +27.4%
AMG Affiliated Managers Group 0.13% 7,606 $1.5M Reduce -29.5%
MSM MSC Industrial Direct Co. Class A 0.13% 17,319 $1.5M Add +25.2%
OEC Orion SA 0.13% 142,552 $1.5M Reduce -17.4%
ADUS Addus Homecare Corp. 0.13% 12,756 $1.5M New
SSYS Stratasys Ltd. 0.13% 126,672 $1.5M Add +15.5%
GWRS Global Water Resources Inc. 0.11% 129,239 $1.3M Add +310.0%
MRTN Marten Transport Ltd. 0.11% 99,253 $1.3M Reduce -30.4%
S Sentinelone Inc. Class A 0.11% 68,780 $1.3M Add +1.2%
BAND Bandwidth Inc. Class A 0.10% 71,108 $1.1M New
IWM iShares Russell 2000 ETF 0.09% 4,595 $992K Reduce -51.7%
TATT Tat Technologies Ltd. 0.08% 30,753 $939K New
MSEX Middlesex Water Co. 0.08% 17,283 $936K New
PFGC Performance Food Group Co. 0.08% 10,291 $917K Reduce -22.3%
FND Floor & Decor Holdings Inc. Class A 0.07% 10,669 $827K Reduce -15.5%
OFG Ofg Bancorp 0.07% 18,567 $795K Add +2.4%
BSVN BANK7 Corp. 0.06% 17,013 $712K Add +2.4%
PTLO Portillo's Inc. Class A 0.06% 57,846 $675K Add +83.4%
SOC Sable Offshore Corp. 0.06% 29,898 $657K Add +70.9%
DEC Diversified Energy Co. PLC 0.06% 44,360 $651K Reduce -25.5%
OSW Onespaworld Holdings Ltd. 0.05% 28,794 $587K Add +2.4%
HFWA Heritage Financial Corp. 0.05% 23,974 $572K Reduce -7.6%
TCBX Third Coast Bancshares Inc. 0.05% 16,942 $553K Add +80.8%
BFST Business First Bancshares 0.04% 21,080 $520K Reduce -8.4%
AORT Artivion Inc. 0.04% 16,257 $506K Reduce -16.0%
INSE Inspired Entertainment Inc. 0.04% 60,208 $492K Add +34.6%
MNR Mach Natural Resources LP 0.04% 33,374 $482K No change
RBBN Ribbon Communications Inc. 0.04% 119,815 $480K Add +34.2%
GENI Genius Sports Ltd. 0.04% 45,280 $471K Add +14.6%
MAMA Mama's Creations Inc. 0.04% 55,933 $464K Reduce -83.2%
GOGO Gogo Inc. 0.04% 30,872 $453K New
DCO Ducommun Inc. 0.04% 5,177 $428K Reduce -64.9%
SIMO Silicon Motion Technol-ADR 0.04% 5,689 $428K Reduce -90.3%
BZH Beazer Homes USA Inc. 0.04% 18,521 $414K Reduce -45.9%
CVLG Covenant Logistics Group Inc. 0.04% 17,025 $410K New
SEI Solaris Energy Infrastructur 0.03% 14,280 $404K Add +4.6%
ANIP Ani Pharmaceuticals Inc. 0.03% 5,977 $390K Reduce -10.7%
VSEC Vse Corp. 0.03% 2,870 $376K Reduce -30.9%
FCF First Commonwealth Finl Corp. 0.03% 22,338 $363K New
AMAL Amalgamated Financial Corp. 0.03% 11,454 $357K Add +2.4%
NESR National Energy Services Reu 0.03% 52,229 $314K Reduce -40.4%
CIVB Civista Bancshares Inc. 0.03% 13,380 $310K Add +2.4%
CLFD Clearfield Inc. 0.03% 6,765 $294K New
LESLIES INC 0.03% 690,538 $290K Add +14.6%
AQST Aquestive Therapeutics Inc. 0.02% 87,115 $288K Add +0.6%
TVTX Travere Therapeutics Inc. 0.02% 19,324 $286K Reduce -8.4%
FLOC Flowco Holdings Inc. Class A 0.02% 15,987 $285K Add +27.7%
MRC MRC Global Inc. 0.02% 20,229 $277K Reduce -54.0%
VVX V2X Inc. 0.02% 5,692 $276K Add +36.5%
FWRD Forward Air Corp. 0.02% 10,397 $255K Reduce -97.8%
TLN Talen Energy Corp. 0.02% 800 $233K New
THR Thermon Group Holdings Inc. 0.02% 7,930 $223K New
LMNR Limoneira Co. 0.02% 13,460 $211K New
DDI Doubledown Interactive -ADR 0.02% 20,320 $194K New
ASPI Asp Isotopes Inc. 0.01% 18,665 $137K New
Other holdings (1): bonds, preferreds, convertibles and warrants · $274K (not counted above)
SecurityClassShares / PrincipalValueChange
CABLE ONE INC (CABO 0 03/15/26) NOTE 3/1 · principal 290,000$274KNo change

Total filed on the 13F, all lines: $1.2B.

Portfolio Sells Q1 2025 → Q2 2025
EPR Epr Properties Sold out 0.00% −1.50
LNTH Lantheus Holdings Inc. Sold out 0.00% −1.40
HLMN Hillman Solutions Corp. Sold out 0.00% −1.35
CENX Century Aluminum Company Sold out 0.00% −0.94
FWRD Forward Air Corp. Reduce -97.8% 0.02% −0.90
LBRT Liberty Energy Inc. Sold out 0.00% −0.80
CYH Community Health Systems Inc. Sold out 0.00% −0.68
BDN Brandywine Realty Trust Reduce -28.9% 0.71% −0.46
LAZ Lazard Inc. Reduce -31.0% 0.96% −0.46
KNF Knife River Corp. Reduce -1.7% 1.28% −0.34
PRSU Pursuit Attractions and Hosp Reduce -0.5% 0.84% −0.33
CRS Carpenter Technology Reduce -40.1% 1.34% −0.31
RIG Transocean Ltd. Reduce -2.5% 0.72% −0.30
TCBI Texas Capital Bancshares Inc. Reduce -11.1% 1.46% −0.28
VXF Vanguard Extended Market ETF Reduce -60.0% 0.17% −0.26
KD Kyndryl Holdings Inc. Reduce -29.2% 1.35% −0.26
SIMO Silicon Motion Technol-ADR Reduce -90.3% 0.04% −0.25
HCSG Healthcare Services Group Sold out 0.00% −0.25
CWCO Consolidated Water Co.-Ord SH Sold out 0.00% −0.25
FWRG First Watch Restaurant Group Reduce -0.5% 1.40% −0.25
ARCB Arcbest Corp. Sold out 0.00% −0.21
GTLS Chart Industries Inc. Reduce -11.1% 1.55% −0.17
BANC Banc of California Inc. Reduce -1.7% 1.09% −0.17
MAMA Mama's Creations Inc. Reduce -83.2% 0.04% −0.17
MNRO Monro Inc. Sold out 0.00% −0.17
BLKB Blackbaud Inc. Reduce -5.1% 1.05% −0.15
PRKS United Parks & Resorts Inc. Reduce -2.4% 1.25% −0.14
MIRM Mirum Pharmaceuticals Inc. Reduce -8.4% 1.51% −0.13
GILT Gilat Satellite Networks Ltd. Reduce -49.1% 0.14% −0.13
ATEC Alphatec Holdings Inc. Reduce -4.3% 1.66% −0.13
PENN Penn Entertainment Inc. Reduce -8.1% 1.04% −0.12
CCO Clear Channel Outdoor Holdin Reduce -13.9% 0.49% −0.12
GNRC Generac Holdings Inc. Sold out 0.00% −0.11
CHEF The Chefs' Warehouse Inc. Reduce -10.8% 1.37% −0.11
IWM iShares Russell 2000 ETF Reduce -51.7% 0.09% −0.10
OEC Orion SA Reduce -17.4% 0.13% −0.09
VECO Veeco Instruments Inc. Sold out 0.00% −0.09
PNFP Pinnacle Financial Partners Reduce -3.3% 0.70% −0.08
MRTN Marten Transport Ltd. Reduce -30.4% 0.11% −0.08
OMF Onemain Holdings Inc. Reduce -8.7% 1.12% −0.06
CBL CBL & Associates Properties Sold out 0.00% −0.06
LGND Ligand Pharmaceuticals Reduce -0.4% 1.19% −0.05
EYE National Vision Holdings Inc. Sold out 0.00% −0.05
VTI VG Morningstar TS MKT ETF-US Sold out 0.00% −0.05
AMG Affiliated Managers Group Reduce -29.5% 0.13% −0.05
DCO Ducommun Inc. Reduce -64.9% 0.04% −0.05
ROG Rogers Corp. Sold out 0.00% −0.05
EXE Expand Energy Corp. Reduce -14.4% 0.18% −0.04
APLD Applied Digital Corp. Sold out 0.00% −0.04
HTLD Heartland Express Inc. Sold out 0.00% −0.04

Portfolio Buys Q1 2025 → Q2 2025
CZR Caesars Entertainment Inc. Add +1144.2% 1.38% +1.27
ETOR Etoro Group Ltd. Class A New 1.06% +1.06
CAMT Camtek Ltd. Add +111.5% 1.57% +0.99
GRDN Guardian Phrmcy Services-A New 0.98% +0.98
CDE Coeur Mining Inc. New 0.98% +0.98
GXO Gxo Logistics Inc. New 0.95% +0.95
RSI Rush Street Interactive Inc. Add +118.7% 1.41% +0.89
HNI Hni Corp. New 0.77% +0.77
FUL H.B. Fuller Co. New 0.68% +0.68
AGYS Agilysys Inc. Add +11.1% 1.57% +0.56
LITE Lumentum Holdings Inc. Add +2.4% 1.99% +0.55
EXTR Extreme Networks Inc. Add +17.6% 1.74% +0.51
AMTM Amentum Holdings Inc. Add +12.8% 2.05% +0.47
RMBS Rambus Inc. Add +16.0% 1.59% +0.34
SMWB Similarweb Ltd. New 0.28% +0.28
EZPW Ezcorp Inc. Class A Add +1599.6% 0.26% +0.24
FSM Fortuna Mining Corp. New 0.20% +0.20
AVO Mission Produce Inc. New 0.19% +0.19
KWR Quaker Chemical Corporation New 0.19% +0.19
CTRI Centuri Holdings Inc. New 0.17% +0.17
PNTG The Pennant Group Inc. New 0.17% +0.17
DOLE Dole PLC New 0.16% +0.16
THS Treehouse Foods Inc. New 0.15% +0.15
CMC Commercial Metals Co. Add +23.6% 0.98% +0.14
ADUS Addus Homecare Corp. New 0.13% +0.13
CVGW Calavo Growers Inc. Add +128.5% 0.22% +0.12
RHP Ryman Hospitality Properties Add +14.5% 1.36% +0.12
CRC California Resources Corp. Add +21.8% 1.05% +0.11
LIND Lindblad Expeditions Holding Add +0.9% 0.96% +0.11
NOG Northern Oil and Gas Inc. Add +31.0% 1.27% +0.10
BAND Bandwidth Inc. Class A New 0.10% +0.10
GWRS Global Water Resources Inc. Add +310.0% 0.11% +0.08
TATT Tat Technologies Ltd. New 0.08% +0.08
MSEX Middlesex Water Co. New 0.08% +0.08
NWN Northwest Natural Holding Co. Add +76.9% 0.25% +0.08
AMWD American Woodmark Corp. Add +171.4% 0.13% +0.07
ASO Academy Sports & Outdoors Inc. Add +21.6% 1.03% +0.06
RDNT Radnet Inc. Add +2.5% 1.39% +0.06
RXO Rxo Inc. Add +41.5% 1.37% +0.04
RSKD Riskified Ltd. Class A Add +46.5% 0.14% +0.04
GOGO Gogo Inc. New 0.04% +0.04
CVLG Covenant Logistics Group Inc. New 0.04% +0.04
HQY Healthequity Inc. Add +27.4% 0.13% +0.03
GTN Gray Media Inc. Add +11.7% 0.89% +0.03
PWP Perella Weinberg Partners Add +10.4% 0.98% +0.03
FCF First Commonwealth Finl Corp. New 0.03% +0.03
WAY Waystar Holding Corp. Add +4.6% 1.76% +0.03
CLFD Clearfield Inc. New 0.03% +0.03
MSM MSC Industrial Direct Co. Class A Add +25.2% 0.13% +0.02
PTLO Portillo's Inc. Class A Add +83.4% 0.06% +0.02

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 185$1.6BOUST, ACMR, MIRM, LGND, TGTX
Q1 2026 172$1.3BMIRM, CZR, GPOR, WFRD, WTTR
Q4 2025 164$1.3BATEC, WFRD, MIRM, AMTM, NXST
Q3 2025 169$1.3BDY, AMTM, ATEC, MIRM, WFRD
Q2 2025 156$1.2BAMTM, LITE, BGC, DY, GPOR
Q1 2025 160$1.0BBGC, GPOR, NMRK, ATEC, ABCB
Q4 2024 142$1.0BGTLS, KD, GPOR, WAY, BGC
Q3 2024 144$1.1BNCLH, CRS, BPOP, ABCB, NMRK
Q2 2024 142$1.0BWFRD, CRS, NCLH, FTAI, MTZ
Q1 2024 144$1.1BWFRD, GDEN, PRKS, HEES, BPOP