Pennant Investors, LP
Pennant Investors, LP, managed by Alan Fournier, reported 16 positions worth $334.92M in its 2026 Q2 13F filing: 1 new and 2 closed.
Estimated return
Since 2025 Q2 the disclosed positions returned an estimated +108.3% against +34.4% for the S&P 500. Price-only return of the fund's top 100 US longs at each quarter start, vs the S&P 500 over the same windows. Not the fund's actual return (no trades, fees, shorts, derivatives, cash).
| Quarter | Fund | S&P 500 |
|---|---|---|
| 2025 Q2 | +24.6% | +11.4% |
| 2025 Q3 | +28.2% | +7.6% |
| 2025 Q4 | +10.9% | +3.1% |
| 2026 Q1 | +4.4% | -5.8% |
| 2026 Q2 | +12.6% | +15.5% |
Top holdings, 2026 Q2
| Ticker | Company | Value | Portfolio % | Change |
|---|---|---|---|---|
| SOLS | SOLSTICE ADVANCED MATLS INC | $42.35M | 12.60% | -24.7% |
| AMZN | AMAZON COM INC | $38.61M | 11.50% | +38.5% |
| MSFT | MICROSOFT CORP | $37.30M | 11.10% | +0.6% |
| ECHO | ECHOSTAR CORP | $27.59M | 8.20% | -27.6% |
| PRM | PERIMETER SOLUTIONS INC | $24.56M | 7.30% | -26.6% |
| TDG | TRANSDIGM GROUP INC | $22.34M | 6.70% | NO CHANGE |
| GEV | GE VERNOVA INC | $18.21M | 5.40% | -24.4% |
| VRT | VERTIV HOLDINGS CO | $18.08M | 5.40% | -50.5% |
| EXE | EXPAND ENERGY CORPORATION | $17.87M | 5.30% | NO CHANGE |
| VMI | VALMONT INDS INC | $17.33M | 5.20% | NO CHANGE |
| GOOGL | ALPHABET INC | $17.12M | 5.10% | -11.1% |
| AR | ANTERO RESOURCES CORP | $16.87M | 5.00% | NO CHANGE |
| FLS | FLOWSERVE CORP | $15.57M | 4.60% | +55.6% |
| VGNT | VERSIGENT PLC | $12.62M | 3.80% | NEW |
| QXO | QXO INC | $8.50M | 2.50% | NO CHANGE |
| GRABW | GRAB HOLDINGS LIMITED | $3.57K | 0.00% | NO CHANGE |
All funds · Hedge Fund Tracker
Source: SEC EDGAR 13F filings, reported as of quarter end and filed up to 45 days later. Not investment advice.