Pennant Investors, LP

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Pennant Investors, LP reported 14 stock positions worth $336.7 million. Its top holding was Echostar Class A (ECHO) at 16.4% of the portfolio, followed by Amazon.com (AMZN, 13.2%) and Antero Resources (AR, 11.4%). Compared with Q3 2024, it opened 1 new position, sold out of 1, added to 3 and reduced 7. The biggest buy was a new position in Expand Energy (EXE) and the biggest sale an exit from Micron Technology (MU).

Most Recent 13F
Q2 2026
Location
Summit, NJ
CIK
0001759176
Portfolio Value
$336.7M (Q4 2024)
SEC Filing
0000919574-25-001376 ↗ filed Feb 14, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $361.7M Q1 2024 Q2 2024: $366.2M Q2 2024 Q3 2024: $336.0M Q3 2024 Q4 2024: $336.7M $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 14 stocks · $336.7M
ECHO Echostar Corp. Class A 16.44% 2,417,837 $55.4M Add +4.2%
AMZN Amazon.com Inc. 13.19% 202,500 $44.4M Add +11.3%
AR Antero Resources Corp. 11.40% 1,095,305 $38.4M Reduce -2.7%
PRM Perimeter Solutions Inc. 8.62% 2,270,000 $29.0M Reduce -15.9%
GOOGL Alphabet Inc. Class A 8.25% 146,700 $27.8M Reduce -4.1%
TDG Transdigm Group Inc. 7.29% 19,371 $24.5M No change
VMI Valmont Industries 6.28% 69,000 $21.2M Add +72.5%
MSFT Microsoft Corp. 6.12% 48,900 $20.6M Reduce -4.1%
GEV GE Vernova Inc. 5.86% 60,000 $19.7M No change
VRT Vertiv Holdings Co. Class A 5.40% 160,000 $18.2M No change
EXE Expand Energy Corp. 5.32% 180,000 $17.9M New
CORZ Core Scientific Inc. 2.63% 630,000 $8.9M Reduce -20.7%
IREN Iren Ltd. filed as IREN LIMITED 2.31% 792,000 $7.8M Reduce -15.7%
ASML ASML Holding NV-NY Reg SHS 0.89% 4,300 $3.0M Reduce -33.9%

Options reported separately and not counted above: AR calls ($17.5M).

Other holdings (1): bonds, preferreds, convertibles and warrants · $33K (not counted above)
SecurityClassShares / PrincipalValueChange
GRABW Grab Holdings Ltd.-CW 26 *W EXP 99/99/999 80,000$33KNo change

Total filed on the 13F, all lines: $336.8M.

Portfolio Sells Q3 2024 → Q4 2024
MU Micron Technology Inc. Sold out 0.00% −10.51
PRM Perimeter Solutions Inc. Reduce -15.9% 8.62% −2.19
ASML ASML Holding NV-NY Reg SHS Reduce -33.9% 0.89% −0.73
MSFT Microsoft Corp. Reduce -4.1% 6.12% −0.41
CORZ Core Scientific Inc. Reduce -20.7% 2.63% −0.18
IREN Iren Ltd. Reduce -15.7% 2.31% −0.05
GOOGL Alphabet Inc. Class A Reduce -4.1% 8.25% +0.69
AR Antero Resources Corp. Reduce -2.7% 11.40% +1.80

Portfolio Buys Q3 2024 → Q4 2024
EXE Expand Energy Corp. New 5.32% +5.32
AMZN Amazon.com Inc. Add +11.3% 13.19% +3.10
VMI Valmont Industries Add +72.5% 6.28% +2.83
ECHO Echostar Corp. Class A Add +4.2% 16.44% −0.70

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