Penn Capital Management Company, LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 7, 2026), Penn Capital Management Company, LLC reported 172 stock positions worth $1.3 billion. Its top holding was Mirum Pharmaceuticals (MIRM) at 1.8% of the portfolio, followed by Caesars Entertainment (CZR, 1.8%) and Gulfport Energy (GPOR, 1.8%). Compared with Q4 2025, it opened 38 new positions, sold out of 30, added to 68 and reduced 58. The biggest buy was a new position in Legence Class A (LGN) and the biggest sale Realreal (REAL, shares −85%).
- Most Recent 13F
- Q2 2026
- Location
- PHILADELPHIA, PA
- CIK
- 0001158202
- Portfolio Value
- $1.3B (Q1 2026)
- SEC Filing
- 0001420506-26-000814 ↗ filed May 7, 2026
Holdings Value
Holdings 172 stocks · $1.3B
| MIRM Mirum Pharmaceuticals Inc. | 1.84% | 256,767 | $23.8M | Reduce -8.9% |
| CZR Caesars Entertainment Inc. | 1.84% | 895,540 | $23.7M | Add +17.9% |
| GPOR Gulfport Energy Corp. | 1.83% | 111,408 | $23.6M | Add +15.1% |
| WFRD Weatherford International PL | 1.75% | 238,028 | $22.6M | Reduce -17.1% |
| WTTR Select Water Solutions Inc. | 1.73% | 1,458,893 | $22.4M | Add +26.7% |
| CC The Chemours Co. | 1.68% | 981,365 | $21.7M | Reduce -29.2% |
| BANC Banc of California Inc. | 1.66% | 1,213,010 | $21.4M | Add +22.8% |
| RIG Transocean Ltd. | 1.62% | 3,152,566 | $21.0M | Reduce -16.1% |
| CSTM Constellium SE | 1.61% | 844,934 | $20.8M | Add +131.4% |
| DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC | 1.60% | 609,488 | $20.7M | Add +6.6% |
| ABCB Ameris Bancorp | 1.59% | 263,029 | $20.6M | Reduce -2.9% |
| LGN Legence Corp. Class A | 1.56% | 356,315 | $20.2M | New |
| RXO Rxo Inc. | 1.53% | 1,347,550 | $19.7M | Add +40.4% |
| LGND Ligand Pharmaceuticals | 1.48% | 95,456 | $19.1M | Reduce -3.4% |
| LUMN Lumen Technologies Inc. | 1.46% | 2,707,654 | $18.9M | Add +13.9% |
| CALX Calix Inc. | 1.44% | 378,564 | $18.6M | Add +49.6% |
| SSRM SSR Mining Inc. | 1.41% | 616,613 | $18.2M | New |
| AMTM Amentum Holdings Inc. | 1.41% | 694,352 | $18.2M | Reduce -6.7% |
| GTES Gates Industrial Corp. UK Ltd. | 1.40% | 799,267 | $18.1M | Add +22.2% |
| TGTX TG Therapeutics Inc. | 1.40% | 541,960 | $18.0M | Add +0.7% |
| CE Celanese Corp. | 1.38% | 270,998 | $17.9M | New |
| OUST Ouster Inc. | 1.38% | 969,605 | $17.9M | Add +25.1% |
| NMRK Newmark Group Inc. Class A | 1.34% | 1,154,425 | $17.3M | Add +7.5% |
| PENN Penn Entertainment Inc. | 1.30% | 1,116,813 | $16.8M | Add +25.1% |
| FBK FB Financial Corp. filed as FB FINL CORP | 1.29% | 319,597 | $16.6M | Add +16.5% |
| NOG Northern Oil and Gas Inc. | 1.27% | 560,570 | $16.4M | Add +13.3% |
| NXST Nexstar Media Group Inc. | 1.26% | 90,017 | $16.3M | Reduce -13.2% |
| SSP Ew Scripps Co./the-A filed as SCRIPPS E W CO OHIO | 1.26% | 4,358,265 | $16.2M | Add +32.8% |
| MOD Modine Manufacturing Co. | 1.26% | 74,554 | $16.2M | Reduce -32.3% |
| RSI Rush Street Interactive Inc. | 1.25% | 742,931 | $16.2M | Add +0.6% |
| CHEF The Chefs' Warehouse Inc. | 1.24% | 269,219 | $16.0M | Add +1.7% |
| SEI Solaris Energy Infrastructur | 1.23% | 280,682 | $15.9M | Reduce -2.7% |
| TCBI Texas Capital Bancshares Inc. | 1.23% | 166,798 | $15.8M | Reduce -8.4% |
| CRC California Resources Corp. | 1.23% | 228,290 | $15.8M | Reduce -13.1% |
| GTN Gray Media Inc. | 1.22% | 3,616,210 | $15.7M | Add +14.9% |
| ACMR Acm Research Inc. Class A | 1.22% | 397,766 | $15.7M | Reduce -8.7% |
| CPRI Capri Holdings Ltd. | 1.21% | 887,719 | $15.7M | Add +118.9% |
| RDNT Radnet Inc. | 1.20% | 276,781 | $15.5M | Add +0.9% |
| ATEC Alphatec Holdings Inc. | 1.18% | 1,396,942 | $15.2M | Add +30.2% |
| GXO Gxo Logistics Inc. | 1.17% | 291,676 | $15.2M | Reduce -5.7% |
| LTH Life Time Group Holdings Inc. | 1.17% | 560,011 | $15.1M | Add +8.8% |
| DY Dycom Industries Inc. | 1.17% | 44,545 | $15.1M | Reduce -15.2% |
| BPOP Popular Inc. | 1.17% | 112,204 | $15.1M | Reduce -11.8% |
| AAOI Applied Optoelectronics Inc. | 1.16% | 176,453 | $14.9M | Reduce -60.4% |
| AMRX Amneal Pharmaceuticals Inc. | 1.15% | 1,196,073 | $14.9M | Add +19.4% |
| PRKS United Parks & Resorts Inc. | 1.15% | 452,966 | $14.8M | Add +9.4% |
| KNSA Kiniksa Pharmaceuticals Inte | 1.13% | 301,993 | $14.6M | New |
| EZPW Ezcorp Inc. Class A | 1.13% | 572,341 | $14.5M | Add +15.4% |
| LIND Lindblad Expeditions Holding | 1.12% | 837,284 | $14.5M | Reduce -11.7% |
| HROW Harrow Inc. | 1.12% | 407,896 | $14.4M | Add +4.0% |
| DNOW Dnow Inc. | 1.09% | 1,177,924 | $14.1M | Reduce -0.1% |
| AGYS Agilysys Inc. | 1.07% | 194,409 | $13.9M | Add +39.8% |
| ANIP Ani Pharmaceuticals Inc. | 1.07% | 179,716 | $13.8M | Add +30.8% |
| STGW Stagwell Inc. | 1.06% | 2,160,479 | $13.6M | Reduce -0.2% |
| RHP Ryman Hospitality Properties | 1.05% | 146,113 | $13.5M | Add +20.6% |
| PRSU Pursuit Attractions and Hosp | 1.05% | 368,366 | $13.5M | Add +1.2% |
| ZETA Zeta Global Holdings Corp. Class A | 1.03% | 833,753 | $13.3M | Add +1.2% |
| WERN Werner Enterprises Inc. | 1.01% | 443,452 | $13.1M | New |
| CTRI Centuri Holdings Inc. | 1.00% | 442,756 | $12.9M | Add +5.0% |
| BYD Boyd Gaming Corp. | 0.99% | 155,779 | $12.8M | Reduce -2.2% |
| VSEC Vse Corp. | 0.96% | 66,934 | $12.4M | Reduce -17.3% |
| HWC Hancock Whitney Corp. | 0.93% | 188,425 | $12.0M | New |
| FWRG First Watch Restaurant Group | 0.93% | 1,141,157 | $12.0M | Add +0.8% |
| TATT Tat Technologies Ltd. | 0.92% | 290,600 | $11.8M | Reduce -17.8% |
| CAMT Camtek Ltd. | 0.89% | 75,301 | $11.4M | Reduce -39.5% |
| LAZ Lazard Inc. | 0.87% | 264,864 | $11.3M | Add +1.1% |
| ITRI Itron Inc. | 0.83% | 119,824 | $10.8M | Add +16.5% |
| UNIT Uniti Group Inc. | 0.83% | 1,140,776 | $10.7M | Reduce -10.1% |
| MIAX Miami International Holdings | 0.83% | 273,834 | $10.7M | Add +8.6% |
| HLF Herbalife Ltd. | 0.79% | 687,660 | $10.1M | Add +1873.0% |
| BLLN Billiontoone Inc. Class A | 0.77% | 126,335 | $10.0M | New |
| MRCY Mercury Systems Inc. | 0.72% | 127,789 | $9.3M | Reduce -33.4% |
| SLNO Soleno Therapeutics Inc. | 0.70% | 268,785 | $9.0M | Reduce -2.5% |
| ARQT Arcutis Biotherapeutics Inc. | 0.61% | 333,130 | $7.9M | New |
| OPRA Opera Ltd.-ADR | 0.60% | 544,638 | $7.8M | Add +2.3% |
| TEX Terex Corp. | 0.51% | 112,291 | $6.6M | New |
| VXF Vanguard Extended Market ETF | 0.36% | 22,568 | $4.7M | Add +46.7% |
| PKE Park Aerospace Corp. | 0.26% | 121,659 | $3.3M | Reduce -29.7% |
| MSEX Middlesex Water Co. | 0.22% | 53,595 | $2.8M | Add +5.2% |
| BV Brightview Holdings Inc. | 0.21% | 231,579 | $2.7M | Add +10.1% |
| YORW York Water Co. filed as YORK WTR CO | 0.21% | 89,271 | $2.7M | Reduce -0.1% |
| ASH Ashland Inc. | 0.20% | 47,565 | $2.6M | New |
| STC Stewart Information Services | 0.20% | 41,633 | $2.6M | Add +11.2% |
| SSYS Stratasys Ltd. | 0.20% | 327,362 | $2.6M | Reduce -2.2% |
| IOSP Innospec Inc. | 0.19% | 33,286 | $2.4M | New |
| MTZ Mastec Inc. | 0.17% | 6,589 | $2.2M | Reduce -35.7% |
| KWR Quaker Chemical Corporation | 0.17% | 17,161 | $2.1M | Add +105.8% |
| LITE Lumentum Holdings Inc. | 0.16% | 2,942 | $2.1M | Reduce -44.8% |
| AMRC Ameresco Inc. Class A | 0.16% | 81,041 | $2.1M | Reduce -2.0% |
| SCL Stepan Co. | 0.15% | 39,656 | $2.0M | New |
| TNC Tennant Co. | 0.15% | 29,732 | $2.0M | Reduce -13.9% |
| REAL The Realreal Inc. filed as THE REALREAL INC | 0.15% | 206,440 | $1.9M | Reduce -84.6% |
| MDGL Madrigal Pharmaceuticals Inc. | 0.14% | 3,510 | $1.9M | Add +20.9% |
| APA Apa Corp. | 0.14% | 43,007 | $1.9M | New |
| CWH Camping World Holdings Inc. Class A | 0.14% | 266,256 | $1.8M | New |
| DRS Leonardo DRS Inc. | 0.13% | 37,295 | $1.7M | Add +2.8% |
| DDD 3D Systems Corp. filed as 3D SYS CORP DEL | 0.13% | 869,295 | $1.6M | Reduce -32.7% |
| CRS Carpenter Technology | 0.12% | 4,021 | $1.6M | Reduce -11.7% |
| RLJ RLJ Lodging Trust | 0.12% | 214,993 | $1.6M | New |
| SRAD Sportradar Group AG-A | 0.12% | 94,087 | $1.6M | Add +49.5% |
Portfolio Sells Q4 2025 → Q1 2026
| REAL The Realreal Inc. | Reduce -84.6% | 0.15% | −1.54 |
| EGO Eldorado Gold Corp. | Sold out | 0.00% | −1.46 |
| EXTR Extreme Networks Inc. | Sold out | 0.00% | −1.31 |
| KNF Knife River Corp. | Sold out | 0.00% | −1.19 |
| GENI Genius Sports Ltd. | Sold out | 0.00% | −1.09 |
| TBBK The Bancorp Inc. | Sold out | 0.00% | −1.03 |
| NATL NCR Atleos Corp. | Sold out | 0.00% | −0.98 |
| MGNI Magnite Inc. | Sold out | 0.00% | −0.90 |
| SMWB Similarweb Ltd. | Reduce -77.3% | 0.07% | −0.88 |
| WAY Waystar Holding Corp. | Sold out | 0.00% | −0.71 |
| ASTE Astec Industries Inc. | Reduce -95.7% | 0.04% | −0.67 |
| FUL H.B. Fuller Co. | Sold out | 0.00% | −0.59 |
| NXST Nexstar Media Group Inc. | Reduce -13.2% | 1.26% | −0.42 |
| GCMG GCM Grosvenor Inc. Class A | Sold out | 0.00% | −0.41 |
| MRCY Mercury Systems Inc. | Reduce -33.4% | 0.72% | −0.40 |
| TATT Tat Technologies Ltd. | Reduce -17.8% | 0.92% | −0.34 |
| SLNO Soleno Therapeutics Inc. | Reduce -2.5% | 0.70% | −0.32 |
| AMTM Amentum Holdings Inc. | Reduce -6.7% | 1.41% | −0.32 |
| DY Dycom Industries Inc. | Reduce -15.2% | 1.17% | −0.25 |
| CVGW Calavo Growers Inc. | Sold out | 0.00% | −0.22 |
| BYRN Byrna Technologies Inc. | Reduce -63.7% | 0.04% | −0.18 |
| CAMT Camtek Ltd. | Reduce -39.5% | 0.89% | −0.17 |
| CNMD Conmed Corp. | Sold out | 0.00% | −0.17 |
| DNOW Dnow Inc. | Reduce -0.1% | 1.09% | −0.16 |
| VSEC Vse Corp. | Reduce -17.3% | 0.96% | −0.16 |
| ACMR Acm Research Inc. Class A | Reduce -8.7% | 1.22% | −0.16 |
| SEM Select Medical Holdings Corp. | Sold out | 0.00% | −0.15 |
| EXE Expand Energy Corp. | Sold out | 0.00% | −0.15 |
| UCTT Ultra Clean Holdings Inc. | Sold out | 0.00% | −0.14 |
| GXO Gxo Logistics Inc. | Reduce -5.7% | 1.17% | −0.13 |
| TDUP Thredup Inc. Class A | Sold out | 0.00% | −0.12 |
| HQY Healthequity Inc. | Sold out | 0.00% | −0.12 |
| BPOP Popular Inc. | Reduce -11.8% | 1.17% | −0.10 |
| NCLH Norwegian Cruise Line Holdin | Sold out | 0.00% | −0.09 |
| BYD Boyd Gaming Corp. | Reduce -2.2% | 0.99% | −0.09 |
| TCBI Texas Capital Bancshares Inc. | Reduce -8.4% | 1.23% | −0.09 |
| IWM iShares Russell 2000 ETF | Reduce -40.3% | 0.12% | −0.09 |
| AAOI Applied Optoelectronics Inc. | Reduce -60.4% | 1.16% | −0.08 |
| ELWT Elauwit Connection Inc. | Sold out | 0.00% | −0.08 |
| XMTR Xometry Inc. Class A | Reduce -31.1% | 0.07% | −0.08 |
| DEC Diversified Energy Co. | Sold out | 0.00% | −0.06 |
| AQST Aquestive Therapeutics Inc. | Sold out | 0.00% | −0.06 |
| DDD 3D Systems Corp. | Reduce -32.7% | 0.13% | −0.06 |
| TNC Tennant Co. | Reduce -13.9% | 0.15% | −0.05 |
| CCO Clear Channel Outdoor Holdin | Sold out | 0.00% | −0.05 |
| VTI VG Morningstar TS MKT ETF-US | Sold out | 0.00% | −0.05 |
| WFRD Weatherford International PL | Reduce -17.1% | 1.75% | −0.05 |
| MEI Methode Electronics Inc. | Reduce -9.6% | 0.11% | −0.04 |
| RSKD Riskified Ltd. Class A | Sold out | 0.00% | −0.04 |
| AMPL Amplitude Inc. Class A | Sold out | 0.00% | −0.04 |
Portfolio Buys Q4 2025 → Q1 2026
| LGN Legence Corp. Class A | New | 1.56% | +1.56 |
| SSRM SSR Mining Inc. | New | 1.41% | +1.41 |
| CE Celanese Corp. | New | 1.38% | +1.38 |
| KNSA Kiniksa Pharmaceuticals Inte | New | 1.13% | +1.13 |
| CSTM Constellium SE | Add +131.4% | 1.61% | +1.06 |
| WERN Werner Enterprises Inc. | New | 1.01% | +1.01 |
| HWC Hancock Whitney Corp. | New | 0.93% | +0.93 |
| BLLN Billiontoone Inc. Class A | New | 0.77% | +0.77 |
| WTTR Select Water Solutions Inc. | Add +26.7% | 1.73% | +0.77 |
| HLF Herbalife Ltd. | Add +1873.0% | 0.79% | +0.75 |
| ARQT Arcutis Biotherapeutics Inc. | New | 0.61% | +0.61 |
| RXO Rxo Inc. | Add +40.4% | 1.53% | +0.56 |
| TEX Terex Corp. | New | 0.51% | +0.51 |
| NOG Northern Oil and Gas Inc. | Add +13.3% | 1.27% | +0.42 |
| CPRI Capri Holdings Ltd. | Add +118.9% | 1.21% | +0.42 |
| CZR Caesars Entertainment Inc. | Add +17.9% | 1.84% | +0.42 |
| CALX Calix Inc. | Add +49.6% | 1.44% | +0.37 |
| EZPW Ezcorp Inc. Class A | Add +15.4% | 1.13% | +0.36 |
| GTES Gates Industrial Corp. UK Ltd. | Add +22.2% | 1.40% | +0.28 |
| PENN Penn Entertainment Inc. | Add +25.1% | 1.30% | +0.25 |
| DCOM Dime Commercial Bancshares I | Add +6.6% | 1.60% | +0.23 |
| GPOR Gulfport Energy Corp. | Add +15.1% | 1.83% | +0.22 |
| SSP Ew Scripps Co./the-A | Add +32.8% | 1.26% | +0.21 |
| ANIP Ani Pharmaceuticals Inc. | Add +30.8% | 1.07% | +0.21 |
| ASH Ashland Inc. | New | 0.20% | +0.20 |
| IOSP Innospec Inc. | New | 0.19% | +0.19 |
| CTRI Centuri Holdings Inc. | Add +5.0% | 1.00% | +0.15 |
| SCL Stepan Co. | New | 0.15% | +0.15 |
| AMRX Amneal Pharmaceuticals Inc. | Add +19.4% | 1.15% | +0.15 |
| APA Apa Corp. | New | 0.14% | +0.14 |
| CWH Camping World Holdings Inc. Class A | New | 0.14% | +0.14 |
| BANC Banc of California Inc. | Add +22.8% | 1.66% | +0.13 |
| RHP Ryman Hospitality Properties | Add +20.6% | 1.05% | +0.13 |
| RLJ RLJ Lodging Trust | New | 0.12% | +0.12 |
| TGTX TG Therapeutics Inc. | Add +0.7% | 1.40% | +0.12 |
| RSI Rush Street Interactive Inc. | Add +0.6% | 1.25% | +0.11 |
| INN Summit Hotel Properties Inc. | New | 0.11% | +0.11 |
| VXF Vanguard Extended Market ETF | Add +46.7% | 0.36% | +0.11 |
| INVX Innovex International Inc. | New | 0.10% | +0.10 |
| DSGR Distribution Solutions Group | New | 0.09% | +0.09 |
| PNFP Pinnacle Financial Partners | New | 0.08% | +0.08 |
| HLIT Harmonic Inc. | New | 0.08% | +0.08 |
| LTH Life Time Group Holdings Inc. | Add +8.8% | 1.17% | +0.08 |
| OEC Orion SA | Add +248.1% | 0.10% | +0.08 |
| KWR Quaker Chemical Corporation | Add +105.8% | 0.17% | +0.07 |
| TTI Tetra Technologies Inc. | New | 0.07% | +0.07 |
| ITRI Itron Inc. | Add +16.5% | 0.83% | +0.07 |
| DCO Ducommun Inc. | Add +97.7% | 0.12% | +0.07 |
| PRSU Pursuit Attractions and Hosp | Add +1.2% | 1.05% | +0.07 |
| TLN Talen Energy Corp. | Add +482.9% | 0.09% | +0.07 |
Notes & Other Activity Q4 2025 → Q1 2026
| CABLE ONE INC (CABO 0 03/15/26) | NOTE 3/1 · principal | Sold out | 290,000 | $286Kbefore exit |
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 |