Penn Capital Management Company, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 24, 2025), Penn Capital Management Company, LLC reported 169 stock positions worth $1.3 billion. Its top holding was Dycom Industries (DY) at 1.9% of the portfolio, followed by Amentum (AMTM, 1.8%) and Alphatec (ATEC, 1.7%). Compared with Q2 2025, it opened 39 new positions, sold out of 26, added to 75 and reduced 54. The biggest buy was a new position in Lumen Technologies (LUMN) and the biggest sale Lumentum (LITE, shares −96%).
- Most Recent 13F
- Q2 2026
- Location
- PHILADELPHIA, PA
- CIK
- 0001158202
- Portfolio Value
- $1.3B (Q3 2025)
- SEC Filing
- 0001420506-25-003479 ↗ filed Nov 24, 2025
Holdings Value
Holdings 169 stocks · $1.3B
| DY Dycom Industries Inc. | 1.93% | 86,144 | $25.2M | Reduce -7.5% |
| AMTM Amentum Holdings Inc. | 1.77% | 960,607 | $23.1M | Reduce -4.3% |
| ATEC Alphatec Holdings Inc. | 1.75% | 1,562,431 | $22.8M | Reduce -9.4% |
| MIRM Mirum Pharmaceuticals Inc. | 1.74% | 307,991 | $22.6M | Reduce -10.0% |
| WFRD Weatherford International PL | 1.71% | 324,992 | $22.3M | Add +8.1% |
| RDNT Radnet Inc. | 1.66% | 282,888 | $21.6M | Add +0.6% |
| ABCB Ameris Bancorp | 1.66% | 293,563 | $21.6M | Reduce -6.8% |
| NMRK Newmark Group Inc. Class A | 1.55% | 1,079,674 | $20.2M | Reduce -36.0% |
| GPOR Gulfport Energy Corp. | 1.53% | 109,998 | $20.0M | Add +0.4% |
| NXST Nexstar Media Group Inc. | 1.53% | 100,101 | $19.9M | Add +0.5% |
| LGND Ligand Pharmaceuticals | 1.46% | 107,282 | $19.0M | Reduce -10.9% |
| TGTX TG Therapeutics Inc. | 1.45% | 521,260 | $18.9M | Add +17.6% |
| CAMT Camtek Ltd. | 1.45% | 178,630 | $18.8M | Reduce -16.6% |
| GTN Gray Media Inc. | 1.44% | 3,236,997 | $18.8M | Add +43.6% |
| DNOW Dnow Inc. | 1.41% | 1,196,075 | $18.3M | Add +15.5% |
| EXTR Extreme Networks Inc. | 1.38% | 869,517 | $18.0M | Reduce -22.2% |
| WAY Waystar Holding Corp. | 1.36% | 466,935 | $17.7M | Reduce -6.0% |
| FWRG First Watch Restaurant Group | 1.36% | 1,125,353 | $17.6M | Add +11.9% |
| DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC | 1.34% | 584,810 | $17.5M | Add +20.3% |
| TCBI Texas Capital Bancshares Inc. | 1.30% | 199,803 | $16.9M | Reduce -5.5% |
| OUST Ouster Inc. | 1.30% | 624,960 | $16.9M | Reduce -9.2% |
| FBK FB Financial Corp. filed as FB FINL CORP | 1.30% | 302,706 | $16.9M | Add +9.2% |
| LUMN Lumen Technologies Inc. | 1.29% | 2,744,057 | $16.8M | New |
| GXO Gxo Logistics Inc. | 1.29% | 317,342 | $16.8M | Add +41.6% |
| KNF Knife River Corp. | 1.28% | 216,479 | $16.7M | Add +19.6% |
| BPOP Popular Inc. | 1.28% | 130,380 | $16.6M | Reduce -9.3% |
| PENN Penn Entertainment Inc. | 1.27% | 853,731 | $16.5M | Add +26.9% |
| AGYS Agilysys Inc. | 1.26% | 155,452 | $16.4M | Reduce -1.6% |
| BANC Banc of California Inc. | 1.25% | 982,500 | $16.3M | Add +9.6% |
| CZR Caesars Entertainment Inc. | 1.25% | 601,060 | $16.3M | Add +6.9% |
| GDEN Golden Entertainment Inc. | 1.23% | 677,347 | $16.0M | Reduce -0.4% |
| RMBS Rambus Inc. | 1.22% | 151,825 | $15.9M | Reduce -47.0% |
| TATT Tat Technologies Ltd. | 1.21% | 357,768 | $15.8M | Add +1063.4% |
| HROW Harrow Inc. | 1.21% | 325,478 | $15.7M | New |
| RSI Rush Street Interactive Inc. | 1.20% | 764,694 | $15.7M | Reduce -30.0% |
| MGNI Magnite Inc. | 1.20% | 713,933 | $15.6M | Reduce -4.5% |
| ZETA Zeta Global Holdings Corp. Class A | 1.20% | 781,686 | $15.6M | New |
| CALX Calix Inc. | 1.19% | 252,181 | $15.5M | Reduce -20.2% |
| SMWB Similarweb Ltd. | 1.18% | 1,646,094 | $15.3M | Add +299.4% |
| GTES Gates Industrial Corp. UK Ltd. | 1.17% | 609,240 | $15.2M | New |
| GENI Genius Sports Ltd. | 1.16% | 1,219,711 | $15.1M | Add +2593.7% |
| CDE Coeur Mining Inc. | 1.16% | 804,852 | $15.1M | Reduce -37.1% |
| MOD Modine Manufacturing Co. | 1.15% | 104,731 | $14.9M | New |
| PRKS United Parks & Resorts Inc. | 1.14% | 286,392 | $14.8M | Reduce -6.0% |
| VSEC Vse Corp. | 1.14% | 88,992 | $14.8M | Add +3000.8% |
| PWP Perella Weinberg Partners | 1.13% | 690,318 | $14.7M | Add +18.4% |
| LTH Life Time Group Holdings Inc. | 1.12% | 526,733 | $14.6M | Add +0.7% |
| RXO Rxo Inc. | 1.12% | 944,096 | $14.6M | Reduce -6.0% |
| LAZ Lazard Inc. | 1.12% | 274,807 | $14.5M | Add +18.6% |
| NCLH Norwegian Cruise Line Holdin | 1.12% | 587,762 | $14.5M | Add +27.4% |
| MRCY Mercury Systems Inc. | 1.10% | 184,154 | $14.3M | New |
| CRC California Resources Corp. | 1.10% | 268,175 | $14.3M | Add +1.0% |
| BYD Boyd Gaming Corp. | 1.08% | 162,751 | $14.1M | Add +0.7% |
| CHEF The Chefs' Warehouse Inc. | 1.04% | 230,603 | $13.5M | Reduce -6.6% |
| TBBK The Bancorp Inc. | 1.03% | 179,035 | $13.4M | New |
| STGW Stagwell Inc. | 1.03% | 2,364,302 | $13.3M | Reduce -8.4% |
| TMHC Taylor Morrison Home Corp. | 1.01% | 199,438 | $13.2M | New |
| ODD Oddity Tech Ltd. Class A | 1.01% | 210,290 | $13.1M | Add +20.9% |
| NOG Northern Oil and Gas Inc. | 0.99% | 518,039 | $12.9M | Add +0.4% |
| WTTR Select Water Solutions Inc. | 0.97% | 1,179,161 | $12.6M | Add +12.2% |
| REAL The Realreal Inc. filed as THE REALREAL INC | 0.97% | 1,182,868 | $12.6M | New |
| LIND Lindblad Expeditions Holding | 0.95% | 969,539 | $12.4M | Add +1.7% |
| PRSU Pursuit Attractions and Hosp | 0.95% | 342,558 | $12.4M | Add +1.8% |
| RHP Ryman Hospitality Properties | 0.94% | 136,082 | $12.2M | Reduce -14.7% |
| OMF Onemain Holdings Inc. | 0.89% | 204,547 | $11.6M | Reduce -9.5% |
| NATL NCR Atleos Corp. | 0.89% | 293,302 | $11.6M | New |
| OPRA Opera Ltd.-ADR | 0.88% | 552,806 | $11.4M | New |
| KD Kyndryl Holdings Inc. | 0.87% | 375,360 | $11.3M | Add +1.2% |
| AAOI Applied Optoelectronics Inc. | 0.85% | 425,955 | $11.1M | New |
| RIG Transocean Ltd. | 0.84% | 3,499,280 | $10.9M | Add +9.8% |
| CC The Chemours Co. | 0.79% | 651,151 | $10.3M | New |
| ASTE Astec Industries Inc. | 0.78% | 209,548 | $10.1M | New |
| CTRI Centuri Holdings Inc. | 0.70% | 429,571 | $9.1M | Add +378.3% |
| SSP Ew Scripps Co./the-A filed as SCRIPPS E W CO OHIO | 0.68% | 3,599,606 | $8.9M | Add +151.7% |
| FUL H.B. Fuller Co. filed as FULLER H B CO | 0.68% | 148,977 | $8.9M | Add +15.0% |
| CMC Commercial Metals Co. | 0.64% | 144,924 | $8.3M | Reduce -37.1% |
| GCMG GCM Grosvenor Inc. Class A | 0.64% | 683,929 | $8.3M | Add +1.0% |
| ASPN Aspen Aerogels Inc. | 0.56% | 1,036,995 | $7.2M | Add +39.0% |
| BGC BGC Group Inc. Class A | 0.45% | 622,783 | $5.9M | Reduce -72.2% |
| PKE Park Aerospace Corp. | 0.30% | 192,667 | $3.9M | Add +62.1% |
| BV Brightview Holdings Inc. | 0.24% | 237,185 | $3.2M | Reduce -72.7% |
| PDFS PDF Solutions Inc. | 0.23% | 117,463 | $3.0M | Add +2.4% |
| CVGW Calavo Growers Inc. | 0.23% | 116,989 | $3.0M | Add +19.8% |
| YORW York Water Co. filed as YORK WTR CO | 0.22% | 94,612 | $2.9M | Add +59.9% |
| FOXF Fox Factory Holding Corp. | 0.22% | 117,197 | $2.8M | Add +2.0% |
| EZPW Ezcorp Inc. Class A | 0.22% | 148,941 | $2.8M | Reduce -31.1% |
| MTZ Mastec Inc. | 0.21% | 12,431 | $2.7M | Reduce -8.0% |
| NWN Northwest Natural Holding Co. | 0.20% | 57,234 | $2.6M | Reduce -22.5% |
| DOLE Dole PLC | 0.19% | 184,569 | $2.5M | Add +43.1% |
| TNC Tennant Co. | 0.18% | 29,243 | $2.4M | Reduce -7.8% |
| STC Stewart Information Services | 0.18% | 31,493 | $2.3M | New |
| AVO Mission Produce Inc. | 0.17% | 188,112 | $2.3M | Reduce -1.3% |
| THS Treehouse Foods Inc. | 0.17% | 111,105 | $2.2M | Add +24.2% |
| MSEX Middlesex Water Co. | 0.17% | 39,705 | $2.1M | Add +129.7% |
| SSYS Stratasys Ltd. | 0.16% | 191,578 | $2.1M | Add +51.2% |
| DRS Leonardo DRS Inc. | 0.16% | 45,880 | $2.1M | Add +0.9% |
| DKNG Draftkings Inc. Class A | 0.16% | 53,715 | $2.0M | Reduce -0.8% |
| ASPI Asp Isotopes Inc. | 0.15% | 202,144 | $1.9M | Add +983.0% |
| GWRS Global Water Resources Inc. | 0.14% | 177,978 | $1.8M | Add +37.7% |
| EXE Expand Energy Corp. | 0.14% | 16,694 | $1.8M | Reduce -3.1% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $282K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 290,000 | $282K | No change |
Total filed on the 13F, all lines: $1.3B.
Portfolio Sells Q2 2025 → Q3 2025
| LITE Lumentum Holdings Inc. | Reduce -96.5% | 0.11% | −1.88 |
| GTLS Chart Industries Inc. | Sold out | 0.00% | −1.55 |
| BGC BGC Group Inc. Class A | Reduce -72.2% | 0.45% | −1.53 |
| SRAD Sportradar Group AG-A | Reduce -91.3% | 0.10% | −1.24 |
| CRS Carpenter Technology | Reduce -91.0% | 0.10% | −1.24 |
| ETOR Etoro Group Ltd. Class A | Sold out | 0.00% | −1.06 |
| BLKB Blackbaud Inc. | Sold out | 0.00% | −1.05 |
| ASO Academy Sports & Outdoors Inc. | Sold out | 0.00% | −1.03 |
| BV Brightview Holdings Inc. | Reduce -72.7% | 0.24% | −1.01 |
| GRDN Guardian Phrmcy Services-A | Reduce -97.3% | 0.03% | −0.95 |
| PEGA Pegasystems Inc. | Reduce -90.9% | 0.09% | −0.95 |
| HNI Hni Corp. | Sold out | 0.00% | −0.77 |
| BDN Brandywine Realty Trust | Sold out | 0.00% | −0.71 |
| PNFP Pinnacle Financial Partners | Sold out | 0.00% | −0.70 |
| GDEN Golden Entertainment Inc. | Reduce -0.4% | 1.23% | −0.51 |
| CCO Clear Channel Outdoor Holdin | Sold out | 0.00% | −0.49 |
| RHP Ryman Hospitality Properties | Reduce -14.7% | 0.94% | −0.43 |
| WAY Waystar Holding Corp. | Reduce -6.0% | 1.36% | −0.40 |
| RMBS Rambus Inc. | Reduce -47.0% | 1.22% | −0.37 |
| MGNI Magnite Inc. | Reduce -4.5% | 1.20% | −0.37 |
| EXTR Extreme Networks Inc. | Reduce -22.2% | 1.38% | −0.36 |
| CMC Commercial Metals Co. | Reduce -37.1% | 0.64% | −0.34 |
| CHEF The Chefs' Warehouse Inc. | Reduce -6.6% | 1.04% | −0.33 |
| AGYS Agilysys Inc. | Reduce -1.6% | 1.26% | −0.31 |
| AMTM Amentum Holdings Inc. | Reduce -4.3% | 1.77% | −0.28 |
| CALX Calix Inc. | Reduce -20.2% | 1.19% | −0.26 |
| RXO Rxo Inc. | Reduce -6.0% | 1.12% | −0.25 |
| OSPN Onespan Inc. | Sold out | 0.00% | −0.23 |
| OMF Onemain Holdings Inc. | Reduce -9.5% | 0.89% | −0.23 |
| NMRK Newmark Group Inc. Class A | Reduce -36.0% | 1.55% | −0.23 |
| RSI Rush Street Interactive Inc. | Reduce -30.0% | 1.20% | −0.20 |
| FSM Fortuna Mining Corp. | Sold out | 0.00% | −0.20 |
| PNTG The Pennant Group Inc. | Sold out | 0.00% | −0.17 |
| PRO Pros Holdings Inc. | Sold out | 0.00% | −0.16 |
| TCBI Texas Capital Bancshares Inc. | Reduce -5.5% | 1.30% | −0.16 |
| OUST Ouster Inc. | Reduce -9.2% | 1.30% | −0.14 |
| FOUR SHIFT4 Payments Inc. Class A | Sold out | 0.00% | −0.14 |
| AMWD American Woodmark Corp. | Sold out | 0.00% | −0.13 |
| OEC Orion SA | Sold out | 0.00% | −0.13 |
| ADUS Addus Homecare Corp. | Sold out | 0.00% | −0.13 |
| CAMT Camtek Ltd. | Reduce -16.6% | 1.45% | −0.12 |
| KWR Quaker Chemical Corporation | Reduce -65.3% | 0.07% | −0.12 |
| MRTN Marten Transport Ltd. | Sold out | 0.00% | −0.11 |
| ABCB Ameris Bancorp | Reduce -6.8% | 1.66% | −0.11 |
| PRKS United Parks & Resorts Inc. | Reduce -6.0% | 1.14% | −0.10 |
| RSKD Riskified Ltd. Class A | Reduce -65.7% | 0.04% | −0.10 |
| BPOP Popular Inc. | Reduce -9.3% | 1.28% | −0.10 |
| BAND Bandwidth Inc. Class A | Sold out | 0.00% | −0.10 |
| VXF Vanguard Extended Market ETF | Reduce -53.6% | 0.08% | −0.10 |
| GILT Gilat Satellite Networks Ltd. | Reduce -73.0% | 0.06% | −0.08 |
Portfolio Buys Q2 2025 → Q3 2025
| LUMN Lumen Technologies Inc. | New | 1.29% | +1.29 |
| HROW Harrow Inc. | New | 1.21% | +1.21 |
| ZETA Zeta Global Holdings Corp. Class A | New | 1.20% | +1.20 |
| GTES Gates Industrial Corp. UK Ltd. | New | 1.17% | +1.17 |
| MOD Modine Manufacturing Co. | New | 1.15% | +1.15 |
| TATT Tat Technologies Ltd. | Add +1063.4% | 1.21% | +1.13 |
| GENI Genius Sports Ltd. | Add +2593.7% | 1.16% | +1.12 |
| VSEC Vse Corp. | Add +3000.8% | 1.14% | +1.11 |
| MRCY Mercury Systems Inc. | New | 1.10% | +1.10 |
| TBBK The Bancorp Inc. | New | 1.03% | +1.03 |
| TMHC Taylor Morrison Home Corp. | New | 1.01% | +1.01 |
| REAL The Realreal Inc. | New | 0.97% | +0.97 |
| SMWB Similarweb Ltd. | Add +299.4% | 1.18% | +0.90 |
| NATL NCR Atleos Corp. | New | 0.89% | +0.89 |
| OPRA Opera Ltd.-ADR | New | 0.88% | +0.88 |
| AAOI Applied Optoelectronics Inc. | New | 0.85% | +0.85 |
| CC The Chemours Co. | New | 0.79% | +0.79 |
| ASTE Astec Industries Inc. | New | 0.78% | +0.78 |
| GTN Gray Media Inc. | Add +43.6% | 1.44% | +0.56 |
| CTRI Centuri Holdings Inc. | Add +378.3% | 0.70% | +0.53 |
| WFRD Weatherford International PL | Add +8.1% | 1.71% | +0.40 |
| GXO Gxo Logistics Inc. | Add +41.6% | 1.29% | +0.35 |
| SSP Ew Scripps Co./the-A | Add +151.7% | 0.68% | +0.32 |
| NCLH Norwegian Cruise Line Holdin | Add +27.4% | 1.12% | +0.30 |
| RDNT Radnet Inc. | Add +0.6% | 1.66% | +0.27 |
| PENN Penn Entertainment Inc. | Add +26.9% | 1.27% | +0.23 |
| FBK FB Financial Corp. | Add +9.2% | 1.30% | +0.21 |
| DCOM Dime Commercial Bancshares I | Add +20.3% | 1.34% | +0.21 |
| WTTR Select Water Solutions Inc. | Add +12.2% | 0.97% | +0.18 |
| STC Stewart Information Services | New | 0.18% | +0.18 |
| ASPN Aspen Aerogels Inc. | Add +39.0% | 0.56% | +0.17 |
| BANC Banc of California Inc. | Add +9.6% | 1.25% | +0.16 |
| LAZ Lazard Inc. | Add +18.6% | 1.12% | +0.15 |
| PWP Perella Weinberg Partners | Add +18.4% | 1.13% | +0.15 |
| PKE Park Aerospace Corp. | Add +62.1% | 0.30% | +0.15 |
| ASPI Asp Isotopes Inc. | Add +983.0% | 0.15% | +0.14 |
| CCS Century Communities Inc. | New | 0.13% | +0.13 |
| RIG Transocean Ltd. | Add +9.8% | 0.84% | +0.13 |
| PRSU Pursuit Attractions and Hosp | Add +1.8% | 0.95% | +0.11 |
| MEI Methode Electronics Inc. | New | 0.10% | +0.10 |
| ACVA Acv Auctions Inc. Class A | New | 0.09% | +0.09 |
| MSEX Middlesex Water Co. | Add +129.7% | 0.17% | +0.08 |
| BZH Beazer Homes USA Inc. | Add +234.2% | 0.12% | +0.08 |
| DNOW Dnow Inc. | Add +15.5% | 1.41% | +0.07 |
| VECO Veeco Instruments Inc. | New | 0.07% | +0.07 |
| TGTX TG Therapeutics Inc. | Add +17.6% | 1.45% | +0.07 |
| BHR Braemar Hotels & Resorts Inc. | New | 0.06% | +0.06 |
| YORW York Water Co. | Add +59.9% | 0.22% | +0.06 |
| AXTI Axt Inc. | New | 0.06% | +0.06 |
| HOV Hovnanian Enterprises-A | New | 0.05% | +0.05 |
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 |