Penn Capital Management Company, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 9, 2026), Penn Capital Management Company, LLC reported 164 stock positions worth $1.3 billion. Its top holding was Alphatec (ATEC) at 1.8% of the portfolio, followed by Weatherford International PL (WFRD, 1.8%) and Mirum Pharmaceuticals (MIRM, 1.8%). Compared with Q3 2025, it opened 30 new positions, sold out of 35, added to 52 and reduced 72. The biggest buy was a new position in Eldorado Gold (EGO) and the biggest sale an exit from Golden Entertainment (GDEN).
- Most Recent 13F
- Q2 2026
- Location
- PHILADELPHIA, PA
- CIK
- 0001158202
- Portfolio Value
- $1.3B (Q4 2025)
- SEC Filing
- 0001420506-26-000232 ↗ filed Feb 9, 2026
Holdings Value
Holdings 164 stocks · $1.3B
| ATEC Alphatec Holdings Inc. | 1.80% | 1,073,090 | $22.6M | Reduce -31.3% |
| WFRD Weatherford International PL | 1.80% | 287,065 | $22.5M | Reduce -11.7% |
| MIRM Mirum Pharmaceuticals Inc. | 1.78% | 281,918 | $22.3M | Reduce -8.5% |
| AMTM Amentum Holdings Inc. | 1.72% | 743,937 | $21.6M | Reduce -22.6% |
| NXST Nexstar Media Group Inc. | 1.68% | 103,668 | $21.1M | Add +3.6% |
| REAL The Realreal Inc. filed as THE REALREAL INC | 1.68% | 1,336,674 | $21.1M | Add +13.0% |
| GPOR Gulfport Energy Corp. | 1.61% | 96,798 | $20.2M | Reduce -12.0% |
| ABCB Ameris Bancorp | 1.61% | 270,921 | $20.2M | Reduce -7.7% |
| RDNT Radnet Inc. | 1.56% | 274,367 | $19.6M | Reduce -3.0% |
| HROW Harrow Inc. | 1.53% | 392,067 | $19.3M | Add +20.5% |
| BANC Banc of California Inc. | 1.52% | 988,064 | $19.1M | Add +0.6% |
| LGND Ligand Pharmaceuticals | 1.49% | 98,848 | $18.7M | Reduce -7.9% |
| NMRK Newmark Group Inc. Class A | 1.49% | 1,074,219 | $18.7M | Reduce -0.5% |
| LUMN Lumen Technologies Inc. | 1.48% | 2,376,354 | $18.5M | Reduce -13.4% |
| EGO Eldorado Gold Corp. | 1.46% | 508,439 | $18.3M | New |
| CZR Caesars Entertainment Inc. | 1.42% | 759,842 | $17.8M | Add +26.4% |
| DY Dycom Industries Inc. | 1.42% | 52,521 | $17.8M | Reduce -39.0% |
| DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC | 1.37% | 571,625 | $17.2M | Reduce -2.3% |
| ACMR Acm Research Inc. Class A | 1.37% | 435,843 | $17.2M | New |
| FWRG First Watch Restaurant Group | 1.36% | 1,131,552 | $17.1M | Add +0.6% |
| OUST Ouster Inc. | 1.34% | 775,297 | $16.8M | Add +24.1% |
| ZETA Zeta Global Holdings Corp. Class A | 1.34% | 824,085 | $16.8M | Add +5.4% |
| AGYS Agilysys Inc. | 1.32% | 139,024 | $16.6M | Reduce -10.6% |
| CHEF The Chefs' Warehouse Inc. | 1.32% | 264,614 | $16.5M | Add +14.8% |
| TCBI Texas Capital Bancshares Inc. | 1.32% | 182,055 | $16.5M | Reduce -8.9% |
| EXTR Extreme Networks Inc. | 1.31% | 981,278 | $16.4M | Add +12.8% |
| CC The Chemours Co. | 1.30% | 1,386,819 | $16.4M | Add +113.0% |
| GXO Gxo Logistics Inc. | 1.30% | 309,427 | $16.3M | Reduce -2.5% |
| TGTX TG Therapeutics Inc. | 1.28% | 538,117 | $16.1M | Add +3.2% |
| BPOP Popular Inc. | 1.27% | 127,202 | $15.9M | Reduce -2.4% |
| TATT Tat Technologies Ltd. | 1.26% | 353,577 | $15.8M | Reduce -1.2% |
| DNOW Dnow Inc. | 1.25% | 1,179,012 | $15.7M | Reduce -1.4% |
| AAOI Applied Optoelectronics Inc. | 1.24% | 446,032 | $15.6M | Add +4.7% |
| RIG Transocean Ltd. | 1.24% | 3,755,392 | $15.6M | Add +7.3% |
| FBK FB Financial Corp. filed as FB FINL CORP | 1.22% | 274,255 | $15.3M | Reduce -9.4% |
| GTN Gray Media Inc. | 1.22% | 3,147,855 | $15.3M | Reduce -2.8% |
| PRKS United Parks & Resorts Inc. | 1.20% | 414,124 | $15.1M | Add +44.6% |
| KNF Knife River Corp. | 1.19% | 211,725 | $14.9M | Reduce -2.2% |
| MOD Modine Manufacturing Co. | 1.18% | 110,193 | $14.7M | Add +5.2% |
| RSI Rush Street Interactive Inc. | 1.14% | 738,220 | $14.4M | Reduce -3.5% |
| GTES Gates Industrial Corp. UK Ltd. | 1.12% | 654,191 | $14.1M | Add +7.4% |
| MRCY Mercury Systems Inc. | 1.12% | 191,883 | $14.0M | Add +4.2% |
| VSEC Vse Corp. | 1.12% | 80,918 | $14.0M | Reduce -9.1% |
| LTH Life Time Group Holdings Inc. | 1.09% | 514,571 | $13.7M | Reduce -2.3% |
| LIND Lindblad Expeditions Holding | 1.09% | 947,890 | $13.7M | Reduce -2.2% |
| GENI Genius Sports Ltd. | 1.09% | 1,239,059 | $13.7M | Add +1.6% |
| BYD Boyd Gaming Corp. | 1.08% | 159,328 | $13.6M | Reduce -2.1% |
| CALX Calix Inc. | 1.07% | 253,087 | $13.4M | Add +0.4% |
| CAMT Camtek Ltd. | 1.06% | 124,487 | $13.3M | Reduce -30.3% |
| SEI Solaris Energy Infrastructur | 1.06% | 288,343 | $13.3M | Add +1559.3% |
| PENN Penn Entertainment Inc. | 1.05% | 893,055 | $13.2M | Add +4.6% |
| SSP Ew Scripps Co./the-A filed as SCRIPPS E W CO OHIO | 1.05% | 3,282,529 | $13.1M | Reduce -8.8% |
| TBBK The Bancorp Inc. | 1.03% | 190,838 | $12.9M | Add +6.6% |
| SLNO Soleno Therapeutics Inc. | 1.02% | 275,782 | $12.8M | New |
| LAZ Lazard Inc. | 1.02% | 261,866 | $12.8M | Reduce -4.7% |
| AMRX Amneal Pharmaceuticals Inc. | 1.01% | 1,001,951 | $12.7M | New |
| NATL NCR Atleos Corp. | 0.98% | 321,200 | $12.3M | Add +9.5% |
| PRSU Pursuit Attractions and Hosp | 0.98% | 363,936 | $12.3M | Add +6.2% |
| RXO Rxo Inc. | 0.97% | 960,118 | $12.2M | Add +1.7% |
| WTTR Select Water Solutions Inc. | 0.97% | 1,151,131 | $12.1M | Reduce -2.4% |
| SMWB Similarweb Ltd. | 0.95% | 1,588,680 | $11.9M | Reduce -3.5% |
| CRC California Resources Corp. | 0.94% | 262,676 | $11.8M | Reduce -2.0% |
| RHP Ryman Hospitality Properties | 0.92% | 121,198 | $11.5M | Reduce -10.9% |
| MGNI Magnite Inc. | 0.90% | 694,766 | $11.3M | Reduce -2.7% |
| MIAX Miami International Holdings | 0.89% | 252,125 | $11.2M | New |
| ANIP Ani Pharmaceuticals Inc. | 0.87% | 137,394 | $10.9M | Add +2058.9% |
| CTRI Centuri Holdings Inc. | 0.85% | 421,536 | $10.7M | Reduce -1.9% |
| NOG Northern Oil and Gas Inc. | 0.85% | 494,843 | $10.7M | Reduce -4.5% |
| STGW Stagwell Inc. | 0.85% | 2,165,045 | $10.6M | Reduce -8.4% |
| CPRI Capri Holdings Ltd. | 0.79% | 405,546 | $9.9M | Add +3220.9% |
| EZPW Ezcorp Inc. Class A | 0.77% | 495,962 | $9.6M | Add +233.0% |
| ITRI Itron Inc. | 0.76% | 102,832 | $9.6M | New |
| WAY Waystar Holding Corp. | 0.71% | 272,798 | $9.0M | Reduce -41.6% |
| UNIT Uniti Group Inc. | 0.71% | 1,268,710 | $8.9M | New |
| ASTE Astec Industries Inc. | 0.71% | 204,535 | $8.9M | Reduce -2.4% |
| OPRA Opera Ltd.-ADR | 0.60% | 532,279 | $7.5M | Reduce -3.7% |
| FUL H.B. Fuller Co. filed as FULLER H B CO | 0.59% | 125,083 | $7.5M | Reduce -16.0% |
| CSTM Constellium SE | 0.55% | 365,194 | $6.9M | New |
| GCMG GCM Grosvenor Inc. Class A | 0.41% | 449,973 | $5.1M | Reduce -34.2% |
| PKE Park Aerospace Corp. | 0.29% | 173,151 | $3.7M | Reduce -10.1% |
| VXF Vanguard Extended Market ETF | 0.26% | 15,384 | $3.2M | Add +222.9% |
| SSYS Stratasys Ltd. | 0.23% | 334,760 | $2.9M | Add +74.7% |
| YORW York Water Co. filed as YORK WTR CO | 0.23% | 89,386 | $2.8M | Reduce -5.5% |
| BYRN Byrna Technologies Inc. | 0.22% | 165,881 | $2.8M | New |
| CVGW Calavo Growers Inc. | 0.22% | 126,973 | $2.8M | Add +8.5% |
| BV Brightview Holdings Inc. | 0.21% | 210,323 | $2.7M | Reduce -11.3% |
| IWM iShares Russell 2000 ETF | 0.21% | 10,761 | $2.6M | Add +585.4% |
| STC Stewart Information Services | 0.21% | 37,433 | $2.6M | Add +18.9% |
| MSEX Middlesex Water Co. | 0.20% | 50,956 | $2.6M | Add +28.3% |
| TNC Tennant Co. | 0.20% | 34,523 | $2.5M | Add +18.1% |
| AMRC Ameresco Inc. Class A | 0.19% | 82,659 | $2.4M | Add +314.0% |
| DDD 3D Systems Corp. filed as 3-D SYS CORP DEL | 0.18% | 1,292,379 | $2.3M | Add +992.1% |
| MTZ Mastec Inc. | 0.18% | 10,245 | $2.3M | Reduce -17.6% |
| CNMD Conmed Corp. | 0.17% | 51,493 | $2.1M | New |
| LITE Lumentum Holdings Inc. | 0.16% | 5,330 | $2.0M | Reduce -37.1% |
| MEI Methode Electronics Inc. | 0.16% | 296,267 | $2.0M | Add +66.9% |
| SEM Select Medical Holdings Corp. | 0.15% | 128,907 | $1.9M | New |
| XMTR Xometry Inc. Class A | 0.15% | 31,566 | $1.9M | New |
| EXE Expand Energy Corp. | 0.15% | 16,369 | $1.8M | Reduce -1.9% |
| UCTT Ultra Clean Holdings Inc. | 0.14% | 69,813 | $1.8M | New |
Other holdings (1): bonds, preferreds, convertibles and warrants · $286K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | 290,000 | $286K | No change |
Total filed on the 13F, all lines: $1.3B.
Portfolio Sells Q3 2025 → Q4 2025
| GDEN Golden Entertainment Inc. | Sold out | 0.00% | −1.23 |
| CDE Coeur Mining Inc. | Sold out | 0.00% | −1.16 |
| RMBS Rambus Inc. | Reduce -89.0% | 0.12% | −1.09 |
| PWP Perella Weinberg Partners | Reduce -95.0% | 0.05% | −1.08 |
| NCLH Norwegian Cruise Line Holdin | Reduce -91.2% | 0.09% | −1.02 |
| TMHC Taylor Morrison Home Corp. | Sold out | 0.00% | −1.01 |
| ODD Oddity Tech Ltd. Class A | Sold out | 0.00% | −1.01 |
| KD Kyndryl Holdings Inc. | Sold out | 0.00% | −0.87 |
| OMF Onemain Holdings Inc. | Reduce -92.1% | 0.09% | −0.80 |
| WAY Waystar Holding Corp. | Reduce -41.6% | 0.71% | −0.65 |
| CMC Commercial Metals Co. | Sold out | 0.00% | −0.64 |
| ASPN Aspen Aerogels Inc. | Sold out | 0.00% | −0.56 |
| DY Dycom Industries Inc. | Reduce -39.0% | 1.42% | −0.52 |
| BGC BGC Group Inc. Class A | Sold out | 0.00% | −0.45 |
| CAMT Camtek Ltd. | Reduce -30.3% | 1.06% | −0.39 |
| MGNI Magnite Inc. | Reduce -2.7% | 0.90% | −0.30 |
| OPRA Opera Ltd.-ADR | Reduce -3.7% | 0.60% | −0.28 |
| GCMG GCM Grosvenor Inc. Class A | Reduce -34.2% | 0.41% | −0.23 |
| SMWB Similarweb Ltd. | Reduce -3.5% | 0.95% | −0.23 |
| GTN Gray Media Inc. | Reduce -2.8% | 1.22% | −0.22 |
| FOXF Fox Factory Holding Corp. | Sold out | 0.00% | −0.22 |
| DOLE Dole PLC | Sold out | 0.00% | −0.19 |
| PDFS PDF Solutions Inc. | Reduce -83.0% | 0.05% | −0.19 |
| STGW Stagwell Inc. | Reduce -8.4% | 0.85% | −0.18 |
| AVO Mission Produce Inc. | Sold out | 0.00% | −0.17 |
| THS Treehouse Foods Inc. | Sold out | 0.00% | −0.17 |
| CRC California Resources Corp. | Reduce -2.0% | 0.94% | −0.16 |
| DNOW Dnow Inc. | Reduce -1.4% | 1.25% | −0.16 |
| NOG Northern Oil and Gas Inc. | Reduce -4.5% | 0.85% | −0.14 |
| NWN Northwest Natural Holding Co. | Reduce -71.6% | 0.06% | −0.14 |
| MSM MSC Industrial Direct Co. Class A | Sold out | 0.00% | −0.13 |
| CCS Century Communities Inc. | Sold out | 0.00% | −0.13 |
| BZH Beazer Homes USA Inc. | Sold out | 0.00% | −0.12 |
| LAZ Lazard Inc. | Reduce -4.7% | 1.02% | −0.10 |
| RDNT Radnet Inc. | Reduce -3.0% | 1.56% | −0.10 |
| ASPI Asp Isotopes Inc. | Reduce -37.2% | 0.05% | −0.10 |
| KNF Knife River Corp. | Reduce -2.2% | 1.19% | −0.09 |
| FUL H.B. Fuller Co. | Reduce -16.0% | 0.59% | −0.09 |
| ACVA Acv Auctions Inc. Class A | Sold out | 0.00% | −0.09 |
| PFGC Performance Food Group Co. | Sold out | 0.00% | −0.08 |
| FBK FB Financial Corp. | Reduce -9.4% | 1.22% | −0.08 |
| VECO Veeco Instruments Inc. | Sold out | 0.00% | −0.07 |
| ASTE Astec Industries Inc. | Reduce -2.4% | 0.71% | −0.07 |
| S Sentinelone Inc. Class A | Sold out | 0.00% | −0.07 |
| DKNG Draftkings Inc. Class A | Reduce -38.9% | 0.09% | −0.06 |
| NMRK Newmark Group Inc. Class A | Reduce -0.5% | 1.49% | −0.06 |
| DRS Leonardo DRS Inc. | Reduce -20.9% | 0.10% | −0.06 |
| RSI Rush Street Interactive Inc. | Reduce -3.5% | 1.14% | −0.06 |
| AXTI Axt Inc. | Sold out | 0.00% | −0.06 |
| HOV Hovnanian Enterprises-A | Sold out | 0.00% | −0.05 |
Portfolio Buys Q3 2025 → Q4 2025
| EGO Eldorado Gold Corp. | New | 1.46% | +1.46 |
| ACMR Acm Research Inc. Class A | New | 1.37% | +1.37 |
| SLNO Soleno Therapeutics Inc. | New | 1.02% | +1.02 |
| AMRX Amneal Pharmaceuticals Inc. | New | 1.01% | +1.01 |
| SEI Solaris Energy Infrastructur | Add +1559.3% | 1.06% | +1.00 |
| MIAX Miami International Holdings | New | 0.89% | +0.89 |
| ANIP Ani Pharmaceuticals Inc. | Add +2058.9% | 0.87% | +0.82 |
| CPRI Capri Holdings Ltd. | Add +3220.9% | 0.79% | +0.77 |
| ITRI Itron Inc. | New | 0.76% | +0.76 |
| REAL The Realreal Inc. | Add +13.0% | 1.68% | +0.72 |
| UNIT Uniti Group Inc. | New | 0.71% | +0.71 |
| EZPW Ezcorp Inc. Class A | Add +233.0% | 0.77% | +0.55 |
| CSTM Constellium SE | New | 0.55% | +0.55 |
| CC The Chemours Co. | Add +113.0% | 1.30% | +0.51 |
| RIG Transocean Ltd. | Add +7.3% | 1.24% | +0.40 |
| AAOI Applied Optoelectronics Inc. | Add +4.7% | 1.24% | +0.39 |
| HROW Harrow Inc. | Add +20.5% | 1.53% | +0.33 |
| CHEF The Chefs' Warehouse Inc. | Add +14.8% | 1.32% | +0.28 |
| BANC Banc of California Inc. | Add +0.6% | 1.52% | +0.27 |
| BYRN Byrna Technologies Inc. | New | 0.22% | +0.22 |
| IWM iShares Russell 2000 ETF | Add +585.4% | 0.21% | +0.18 |
| VXF Vanguard Extended Market ETF | Add +222.9% | 0.26% | +0.18 |
| CZR Caesars Entertainment Inc. | Add +26.4% | 1.42% | +0.17 |
| CNMD Conmed Corp. | New | 0.17% | +0.17 |
| NXST Nexstar Media Group Inc. | Add +3.6% | 1.68% | +0.16 |
| DDD 3D Systems Corp. | Add +992.1% | 0.18% | +0.16 |
| SEM Select Medical Holdings Corp. | New | 0.15% | +0.15 |
| XMTR Xometry Inc. Class A | New | 0.15% | +0.15 |
| ZETA Zeta Global Holdings Corp. Class A | Add +5.4% | 1.34% | +0.14 |
| AMRC Ameresco Inc. Class A | Add +314.0% | 0.19% | +0.14 |
| UCTT Ultra Clean Holdings Inc. | New | 0.14% | +0.14 |
| MDGL Madrigal Pharmaceuticals Inc. | New | 0.14% | +0.14 |
| TDUP Thredup Inc. Class A | New | 0.12% | +0.12 |
| NATL NCR Atleos Corp. | Add +9.5% | 0.98% | +0.09 |
| CELH Celsius Holdings Inc. | New | 0.09% | +0.09 |
| ELWT Elauwit Connection Inc. | New | 0.08% | +0.08 |
| NESR National Energy Services Reu | Add +40.8% | 0.13% | +0.07 |
| SSYS Stratasys Ltd. | Add +74.7% | 0.23% | +0.07 |
| PRKS United Parks & Resorts Inc. | Add +44.6% | 1.20% | +0.06 |
| RAIL Freightcar America Inc. | New | 0.06% | +0.06 |
| CBK Commercial Bancgroup Inc. | New | 0.05% | +0.05 |
| MEI Methode Electronics Inc. | Add +66.9% | 0.16% | +0.05 |
| CCO Clear Channel Outdoor Holdin | New | 0.05% | +0.05 |
| VTI VG Morningstar TS MKT ETF-US | New | 0.05% | +0.05 |
| SIBN Si-Bone Inc. | New | 0.05% | +0.05 |
| MSEX Middlesex Water Co. | Add +28.3% | 0.20% | +0.04 |
| OUST Ouster Inc. | Add +24.1% | 1.34% | +0.04 |
| HLF Herbalife Ltd. | New | 0.04% | +0.04 |
| CYH Community Health Systems Inc. | New | 0.04% | +0.04 |
| AMG Affiliated Managers Group | Add +5.2% | 0.13% | +0.03 |
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 |