Pennant Investors, LP

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Pennant Investors, LP reported 44 stock positions worth $366.2 million. Its top holding was Micron Technology (MU) at 15.5% of the portfolio, followed by Amazon.com (AMZN, 12.7%) and Transdigm (TDG, 11.3%). Compared with Q1 2024, it opened 6 new positions, sold out of 4, added to 1 and reduced 5. The biggest buy was Micron Technology (MU, shares +41%) and the biggest sale an exit from Enovis (ENOV).

Most Recent 13F
Q2 2026
Location
Summit, NJ
CIK
0001759176
Portfolio Value
$366.2M (Q2 2024)
SEC Filing
0000919574-24-004628 ↗ filed Aug 14, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $361.7M Q1 2024 Q2 2024: $366.2M $366.2M Q2 2024 Q3 2024: $336.0M Q3 2024 Q4 2024: $336.7M Q4 2024 Q1 2025: $332.4M Q1 2025 Q2 2025: $334.3M Q2 2025 Q3 2025: $371.7M Q3 2025 Q4 2025: $410.6M Q4 2025 Q1 2026: $361.0M Q1 2026 Q2 2026: $334.9M Q2 2026

Holdings 44 stocks · $366.2M
MU Micron Technology Inc. 15.48% 431,000 $56.7M Add +40.9%
AMZN Amazon.com Inc. 12.66% 240,000 $46.4M Reduce -18.9%
TDG Transdigm Group Inc. 11.29% 32,371 $41.4M Reduce -22.9%
ECHO Echostar Corp. Class A 10.47% 2,153,209 $38.3M No change
MSFT Microsoft Corp. 9.76% 80,000 $35.8M Reduce -28.6%
GOOGL Alphabet Inc. Class A 9.10% 183,000 $33.3M Reduce -8.0%
AR Antero Resources Corp. 7.45% 836,000 $27.3M Reduce -26.2%
PRM Perimeter Solutions SA 4.92% 2,300,000 $18.0M No change
ODP The Odp Corp. filed as THE ODP CORP 4.29% 400,000 $15.7M No change
VMI Valmont Industries 3.00% 40,000 $11.0M New
GEV GE Vernova Inc. 2.81% 60,000 $10.3M New
VRT Vertiv Holdings Co. Class A 2.72% 115,000 $10.0M New
IREN Iren Ltd. filed as IRIS ENERGY LTD 1.45% 470,000 $5.3M New
CORZ Core Scientific Inc. 1.27% 500,000 $4.7M New
ARQT Arcutis Biotherapeutics Inc. 0.43% 170,900 $1.6M No change
NRIX Nurix Therapeutics Inc. 0.32% 56,800 $1.2M No change
NVAX Novavax Inc. 0.21% 60,300 $763K No change
ALT Altimmune Inc. 0.20% 109,800 $730K No change
FIBROGEN INC 0.19% 768,400 $686K No change
AGIO Agios Pharmaceuticals Inc. 0.18% 15,100 $651K No change
FATE Fate Therapeutics Inc. 0.13% 146,100 $479K No change
TVTX Travere Therapeutics Inc. 0.13% 55,800 $459K New
ENTA Enanta Pharmaceuticals Inc. 0.12% 35,100 $455K No change
IGMS Igm Biosciences Inc. 0.12% 64,900 $446K No change
ERAS Erasca Inc. 0.11% 166,200 $392K No change
RCUS Arcus Biosciences Inc. 0.10% 23,700 $361K No change
ETNB 89BIO Inc. 0.10% 44,500 $356K No change
ZYME Zymeworks Inc. 0.09% 38,700 $329K No change
ARCT Arcturus Therapeutics Holdin 0.09% 13,100 $319K No change
ALLO Allogene Therapeutics Inc. 0.08% 128,400 $299K No change
CHRS Coherus Oncology Inc. 0.08% 168,100 $291K No change
RLAY Relay Therapeutics Inc. 0.08% 42,400 $276K No change
REPL Replimune Group Inc. 0.07% 30,500 $275K No change
QURE Uniqure NV 0.06% 48,500 $217K No change
MCRB Seres Therapeutics Inc. 0.06% 292,300 $212K No change
CMPX Compass Therapeutics Inc. 0.05% 199,000 $199K No change
SAGE Sage Therapeutics Inc. 0.05% 17,500 $190K No change
GETR Getaround Inc. 0.05% 1,348,153 $189K No change
MGNX Macrogenics Inc. 0.05% 43,800 $186K No change
ALLK Allakos LLC 0.05% 186,100 $186K No change
ALLOVIR INC 0.04% 215,700 $156K No change
ZNTL Zentalis Pharmaceuticals Inc. 0.04% 32,400 $133K No change
BTAIQ Bioxcel Therapeutics Inc. 0.03% 83,900 $107K No change
BLUEBIRD BIO INC 0.02% 87,400 $86K No change

Options reported separately and not counted above: AR calls ($16.3M).

Other holdings (1): bonds, preferreds, convertibles and warrants · $13K (not counted above)
SecurityClassShares / PrincipalValueChange
GRABW Grab Holdings Ltd.-CW 26 *W EXP 99/99/999 80,000$13KNo change

Total filed on the 13F, all lines: $366.3M.

Portfolio Sells Q1 2024 → Q2 2024
ENOV Enovis Corp. Sold out 0.00% −6.91
MSFT Microsoft Corp. Reduce -28.6% 9.76% −3.26
TDG Transdigm Group Inc. Reduce -22.9% 11.29% −3.01
AMZN Amazon.com Inc. Reduce -18.9% 12.66% −2.10
AR Antero Resources Corp. Reduce -26.2% 7.45% −1.64
TRAVERE THERAPEUTICS INC (TVTX 2.5 09/15/25) Sold out 0.00% −0.12
AGEN Agenus Inc. Sold out 0.00% −0.08
MIMOQ Airspan Networks Holdings Inc. Sold out 0.00% −0.03
GOOGL Alphabet Inc. Class A Reduce -8.0% 9.10% +0.80

Portfolio Buys Q1 2024 → Q2 2024
MU Micron Technology Inc. Add +40.9% 15.48% +5.51
VMI Valmont Industries New 3.00% +3.00
GEV GE Vernova Inc. New 2.81% +2.81
VRT Vertiv Holdings Co. Class A New 2.72% +2.72
IREN Iren Ltd. New 1.45% +1.45
CORZ Core Scientific Inc. New 1.27% +1.27
TVTX Travere Therapeutics Inc. New 0.13% +0.13

Options Activity Q1 2024 → Q2 2024
AAPL Apple Inc. put Sold out 160,000 $27.4Mbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 15$334.9MSOLS, AMZN, MSFT, ECHO, PRM
Q1 2026 16$361.0MSOLS, ECHO, MSFT, VRT, AMZN
Q4 2025 15$410.6MECHO, MSFT, SOLS, PRM, GOOGL
Q3 2025 14$371.7MECHO, MSFT, CORZ, PRM, AMZN
Q2 2025 15$334.3MMSFT, ECHO, TDG, PRM, AR
Q1 2025 15$332.4MECHO, AMZN, TDG, AR, MSFT
Q4 2024 14$336.7MECHO, AMZN, AR, PRM, GOOGL
Q3 2024 14$336.0MECHO, PRM, MU, AMZN, AR
Q2 2024 44$366.2MMU, AMZN, TDG, ECHO, MSFT
Q1 2024 42$361.7MAMZN, TDG, MSFT, MU, AR