Penn Capital Management 13F annual report
Penn Capital Management is an investment fund managing more than $1.04 trillion ran by Marty Keane. There are currently 141 companies in Mr. Keane’s portfolio. The largest investments include Weatherford Intl Plc and Carpenter Technology, together worth $47.8 billion.
$1.04 trillion Assets Under Management (AUM)
As of 6th August 2024, Penn Capital Management’s top holding is 210,898 shares of Weatherford Intl Plc currently worth over $25.9 billion and making up 2.5% of the portfolio value.
In addition, the fund holds 199,282 shares of Carpenter Technology worth $21.9 billion, whose value grew 126.6% in the past six months.
The third-largest holding is Norwegian Cruise Line Hldg L worth $19.4 billion and the next is FTAI Aviation Ltd worth $17.7 billion, with 170,996 shares owned.
Currently, Penn Capital Management's portfolio is worth at least $1.04 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Penn Capital Management
The Penn Capital Management office and employees reside in Philadelphia, Pennsylvania. According to the last 13-F report filed with the SEC, Marty Keane serves as the Chief Compliance Officer at Penn Capital Management.
Recent trades
In the most recent 13F filing, Penn Capital Management revealed that it had opened a new position in
Mastec and bought 164,605 shares worth $17.7 billion.
This means they effectively own approximately 0.1% of the company.
Mastec makes up
13.2%
of the fund's Industrials sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Norwegian Cruise Line Hldg L by buying
179,995 additional shares.
This makes their stake in Norwegian Cruise Line Hldg L total 1,028,698 shares worth $19.4 billion.
On the other hand, there are companies that Penn Capital Management is getting rid of from its portfolio.
Penn Capital Management closed its position in SouthState on 13th August 2024.
It sold the previously owned 174,719 shares for $14.8 billion.
Marty Keane also disclosed a decreased stake in Weatherford Intl Plc by 0.3%.
This leaves the value of the investment at $25.9 billion and 210,898 shares.
One of the average hedge funds
The two most similar investment funds to Penn Capital Management are First Long Island Investors and Rhenman & Partners Asset Management Ab. They manage $1.04 trillion and $1.04 trillion respectively.
Marty Keane investment strategy
Penn Capital Management’s portfolio is diversified across 13 sectors.
Currently, their heaviest sector is Industrials — making up 12.8% of
the total portfolio value.
The fund focuses on investments in the United States as
53.2% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
5% of the total holdings value.
On the other hand, small-cap stocks make up only 2.1% of the portfolio.
The average market cap of the portfolio companies is close to $4.15 billion.
The complete list of Penn Capital Management trades based on 13F SEC filings
These positions were updated on August 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Weatherford Intl Plc |
27.82%
210,898
|
$25,927,865,000 | 2.49% |
| Carpenter Technology Corp. |
14.16%
199,282
|
$21,913,158,000 | 2.10% |
| Norwegian Cruise Line Hldg L |
21.21%
1,028,698
|
$19,397,856,000 | 1.86% |
| FTAI Aviation Ltd |
48.02%
170,996
|
$17,715,448,000 | 1.70% |
| Mastec Inc. |
Opened
164,605
|
$17,672,857,000 | 1.70% |
| Golden Entmt Inc |
1.38%
561,611
|
$17,526,210,000 | 1.68% |
| United Parks & Resorts Inc. |
15.06%
320,343
|
$17,459,579,000 | 1.68% |
| Popular Inc. |
11.89%
195,767
|
$17,378,153,000 | 1.67% |
| Newmark Group Inc |
17.43%
1,618,687
|
$16,617,671,000 | 1.60% |
| Rxo Inc |
Opened
628,734
|
$16,500,358,000 | 1.58% |
| Shift4 Pmts Inc |
Opened
217,590
|
$16,015,594,000 | 1.54% |
| Halozyme Therapeutics Inc. |
7.56%
300,670
|
$15,800,874,000 | 1.52% |
| Allegro Microsystems Inc |
56.90%
556,508
|
$15,771,785,000 | 1.51% |
| Northern Oil & Gas Inc |
4.65%
418,791
|
$15,618,743,000 | 1.50% |
| Bgc Group Inc |
0.19%
1,848,442
|
$15,396,880,000 | 1.48% |
| Pinnacle Finl Partners Inc |
18.43%
190,415
|
$15,291,115,000 | 1.47% |
| Nexstar Media Group Inc |
6.45%
90,183
|
$15,032,467,000 | 1.44% |
| Lazard Inc. |
Opened
389,905
|
$14,939,602,000 | 1.43% |
| SouthState Corporation |
Closed
174,719
|
$14,806,522,000 | |
| Chart Inds Inc |
15.78%
99,868
|
$14,465,786,000 | 1.39% |
| RingCentral Inc. |
Closed
420,526
|
$14,321,186,000 | |
| Hillman Solutions Corp |
0.22%
1,607,886
|
$14,278,409,000 | 1.37% |
| Alphatec Holdings Inc |
10.98%
1,349,095
|
$14,142,974,000 | 1.36% |
| Knife River Corp |
11.96%
200,048
|
$14,084,812,000 | 1.35% |
| Transocean Ltd |
8.76%
2,612,018
|
$14,018,355,000 | 1.35% |
| Triumph Group Inc. |
0.70%
905,990
|
$13,981,133,000 | 1.34% |
| Chefs Whse Inc |
17.26%
350,796
|
$13,757,530,000 | 1.32% |
| Dnow Inc |
26.12%
979,011
|
$13,487,211,000 | 1.30% |
| Q2 Holdings Inc |
Opened
220,854
|
$13,371,208,000 | 1.28% |
| Affiliated Managers Group In |
57.53%
85,175
|
$13,354,349,000 | 1.28% |
| Kulicke & Soffa Inds Inc |
12.87%
267,846
|
$13,220,257,000 | 1.27% |
| Gxo Logistics Incorporated |
10.99%
259,702
|
$13,159,232,000 | 1.26% |
| Ameris Bancorp |
21.57%
260,195
|
$13,119,531,000 | 1.26% |
| Stagwell Inc |
0.75%
1,911,628
|
$13,084,052,000 | 1.26% |
| Stag Indl Inc |
Closed
331,252
|
$13,054,356,000 | |
| Texas Cap Bancshares Inc |
12.39%
207,835
|
$12,750,350,000 | 1.22% |
| Planet Fitness Inc |
9.77%
170,310
|
$12,580,481,000 | 1.21% |
| H & E Equipment Services Inc |
16.19%
283,355
|
$12,562,057,000 | 1.21% |
| Zuora Inc |
8.30%
1,256,270
|
$12,491,712,000 | 1.20% |
| Taylor Morrison Home Corp. |
9.55%
223,646
|
$12,441,717,000 | 1.19% |
| Silicon Motion Technology Corp |
Opened
152,821
|
$12,421,065,000 | 1.19% |
| Magnite Inc |
8.28%
920,810
|
$12,255,401,000 | 1.18% |
| Scorpio Tankers Inc |
Opened
149,130
|
$12,165,278,000 | 1.17% |
| Rambus Inc. |
19.12%
205,964
|
$12,144,956,000 | 1.17% |
| Ryman Hospitality Pptys Inc |
13.75%
120,232
|
$12,050,408,000 | 1.16% |
| Fb Finl Corp |
1.93%
302,485
|
$11,821,773,000 | 1.14% |
| Crocs Inc |
29.16%
78,821
|
$11,546,377,000 | 1.11% |
| Kyndryl Hldgs Inc |
Opened
434,852
|
$11,479,102,000 | 1.10% |
| American Axle & Mfg Hldgs In |
Closed
1,291,836
|
$11,396,620,000 | |
| Aspen Aerogels Inc. |
Closed
719,681
|
$11,372,085,000 | |
| Semtech Corp. |
28.61%
367,460
|
$11,019,940,000 | 1.06% |
| Forward Air Corp. |
Closed
174,172
|
$10,983,966,000 | |
| Viad Corp. |
6.47%
317,746
|
$10,818,326,000 | 1.04% |
| OneMain Holdings Inc |
113.10%
216,934
|
$10,560,119,000 | 1.01% |
| Infinera Corp. |
Opened
1,730,817
|
$10,554,252,000 | 1.01% |
| California Res Corp |
1.99%
194,100
|
$10,344,331,000 | 0.99% |
| Construction Partners Inc |
19.99%
182,421
|
$10,085,436,000 | 0.97% |
| ArcBest Corp |
27.38%
91,421
|
$9,824,234,000 | 0.94% |
| Collegium Pharmaceutical Inc |
Closed
315,774
|
$9,755,110,000 | |
| Patterson-UTI Energy Inc |
6.56%
921,663
|
$9,579,715,000 | 0.92% |
| Life Time Group Holdings, Inc. |
Opened
501,940
|
$9,484,922,000 | 0.91% |
| Hamilton Insurance Group Ltd |
Closed
623,861
|
$9,351,986,000 | |
| Tenet Healthcare Corp. |
66.31%
68,226
|
$9,121,824,000 | 0.88% |
| Progyny Inc |
2.25%
317,123
|
$9,105,239,000 | 0.87% |
| Gray Television, Inc. |
4.82%
1,738,667
|
$9,070,060,000 | 0.87% |
| Championx Corporation |
Closed
306,604
|
$8,968,628,000 | |
| Bloomin Brands Inc |
2.82%
464,975
|
$8,953,208,000 | 0.86% |
| PENN Entertainment Inc |
1.20%
436,057
|
$8,451,092,000 | 0.81% |
| Radnet Inc |
60.55%
141,744
|
$8,363,458,000 | 0.80% |
| Mirum Pharmaceuticals Inc |
1.86%
241,151
|
$8,256,003,000 | 0.79% |
| Ouster Inc |
8.94%
806,856
|
$7,942,264,000 | 0.76% |
| BrightView Holdings Inc |
162.82%
595,508
|
$7,929,693,000 | 0.76% |
| Academy Sports & Outdoors In |
Opened
147,149
|
$7,846,473,000 | 0.75% |
| First Watch Restaurant Group |
Opened
445,205
|
$7,845,319,000 | 0.75% |
| Waystar Hldg Corp |
Opened
362,713
|
$7,829,182,000 | 0.75% |
| Boyd Gaming Corp. |
1.89%
140,868
|
$7,772,514,000 | 0.75% |
| Acadia Pharmaceuticals Inc |
Closed
247,324
|
$7,768,808,000 | |
| Century Alum Co |
Opened
449,089
|
$7,533,126,000 | 0.72% |
| Fortrea Hldgs Inc |
Opened
321,198
|
$7,522,348,000 | 0.72% |
| Golar Lng |
Closed
323,194
|
$7,455,081,000 | |
| Five9 Inc |
Closed
91,098
|
$7,192,944,000 | |
| Clear Channel Outdoor Hldgs |
6.87%
5,056,773
|
$7,140,162,000 | 0.69% |
| Moneylion Inc |
Opened
95,962
|
$7,082,455,000 | 0.68% |
| Navitas Semiconductor Corp |
26.38%
1,719,001
|
$6,764,332,000 | 0.65% |
| Calix Inc |
Closed
153,366
|
$6,710,050,000 | |
| Brookdale Sr Living Inc |
Opened
837,701
|
$5,729,717,000 | 0.55% |
| Inari Med Inc |
Closed
85,146
|
$5,535,393,000 | |
| Agree Rlty Corp |
Opened
87,876
|
$5,463,100,000 | 0.52% |
| Northwest Nat Hldg Co |
15.70%
143,879
|
$5,195,471,000 | 0.50% |
| Healthcare Svcs Group Inc |
5.44%
483,443
|
$5,114,827,000 | 0.49% |
| Vanguard Index Fds |
23.33%
30,019
|
$5,216,814,000 | 0.50% |
| Sandstorm Gold Ltd |
Closed
960,425
|
$4,830,938,000 | |
| Gogo Inc |
Closed
465,901
|
$4,735,048,000 | |
| Turning Pt Brands Inc |
Closed
178,853
|
$4,707,411,000 | |
| Pennant Group Inc |
Closed
337,199
|
$4,693,810,000 | |
| Middlesex Wtr Co |
62.76%
84,500
|
$4,415,970,000 | 0.42% |
| Easterly Govt Pptys Inc |
8.22%
356,045
|
$4,404,277,000 | 0.42% |
| York Wtr Co |
115.72%
115,108
|
$4,269,356,000 | 0.41% |
| American Vanguard Corp. |
9.89%
494,822
|
$4,255,469,000 | 0.41% |
| Scripps E W Co Ohio |
9.73%
1,333,186
|
$4,192,426,000 | 0.40% |
| EZCorp, Inc. |
20.37%
390,820
|
$4,091,885,000 | 0.39% |
| Ingevity Corp |
84.18%
92,849
|
$4,058,430,000 | 0.39% |
| Fox Factory Hldg Corp |
Opened
83,496
|
$4,023,672,000 | 0.39% |
| Allient Inc |
Opened
151,542
|
$3,829,466,000 | 0.37% |
| Monro Inc |
29.90%
153,365
|
$3,659,289,000 | 0.35% |
| Helios Technologies, Inc. |
80.81%
69,676
|
$3,327,029,000 | 0.32% |
| Rogers Corp. |
Opened
27,382
|
$3,302,543,000 | 0.32% |
| Postal Realty Trust Inc |
9.24%
234,352
|
$3,123,912,000 | 0.30% |
| Marten Trans Ltd |
113.92%
168,781
|
$3,114,009,000 | 0.30% |
| Western Digital Corp. |
27.92%
39,684
|
$3,055,644,000 | 0.29% |
| Umh Pptys Inc |
Closed
194,646
|
$2,981,977,000 | |
| Centerspace |
Closed
48,204
|
$2,805,473,000 | |
| Fresh Del Monte Produce Inc |
Opened
120,939
|
$2,642,517,000 | 0.25% |
| Compass Minerals International Inc |
Closed
100,975
|
$2,556,687,000 | |
| Jack In The Box, Inc. |
Opened
49,828
|
$2,538,238,000 | 0.24% |
| Farmer Bros. Co. |
7.85%
938,018
|
$2,513,888,000 | 0.24% |
| Trimas Corporation |
Opened
93,268
|
$2,383,930,000 | 0.23% |
| MGM Resorts International |
Closed
51,070
|
$2,316,329,000 | |
| Teradyne, Inc. |
23.26%
14,674
|
$2,210,130,000 | 0.21% |
| United Therapeutics Corp |
Closed
9,613
|
$2,147,953,000 | |
| Papa Johns Intl Inc |
64.82%
45,550
|
$2,139,939,000 | 0.21% |
| National Vision Holdings Inc |
Opened
159,994
|
$2,094,321,000 | 0.20% |
| Commercial Metals Co. |
2.37%
37,216
|
$2,081,088,000 | 0.20% |
| Generac Holdings Inc |
9.32%
15,395
|
$2,070,509,000 | 0.20% |
| Chesapeake Energy Corp. |
6.52%
24,700
|
$2,064,891,000 | 0.20% |
| Coeur Mng Inc |
Closed
632,784
|
$2,062,876,000 | |
| Ducommun Inc. |
Closed
39,165
|
$2,038,930,000 | |
| O-I Glass Inc |
76.47%
173,277
|
$1,928,573,000 | 0.19% |
| Elanco Animal Health Inc |
Opened
131,291
|
$1,927,044,000 | 0.19% |
| Douglas Dynamics Inc |
27.96%
82,265
|
$1,925,001,000 | 0.18% |
| DraftKings Inc. |
Opened
47,472
|
$1,843,817,000 | 0.18% |
| PTC Inc |
32.62%
9,739
|
$1,799,250,000 | 0.17% |
| Leonardo DRS, Inc. |
Opened
68,181
|
$1,773,042,000 | 0.17% |
| Emcore Corp. |
Closed
3,540,170
|
$1,731,143,000 | |
| Olo Inc |
3.25%
391,604
|
$1,730,890,000 | 0.17% |
| Floor & Decor Holdings Inc |
7.56%
16,931
|
$1,711,234,000 | 0.16% |
| Gaming & Leisure Pptys Inc |
Closed
34,008
|
$1,704,358,000 | |
| Caesars Entertainment Inc Ne |
19.65%
41,494
|
$1,679,421,000 | 0.16% |
| Primerica Inc |
Closed
7,635
|
$1,598,719,000 | |
| Performance Food Group Company |
22.18%
22,703
|
$1,526,197,000 | 0.15% |
| Dole plc |
Opened
124,500
|
$1,523,880,000 | 0.15% |
| Heritage Finl Corp Wash |
158.07%
80,870
|
$1,458,086,000 | 0.14% |
| Fortuna Mining Corp. |
Closed
357,119
|
$1,378,479,000 | |
| Darling Ingredients Inc |
Closed
24,994
|
$1,264,313,000 | |
| Pixelworks Inc |
Closed
948,870
|
$1,243,020,000 | |
| Treehouse Foods Inc |
Opened
33,777
|
$1,237,589,000 | 0.12% |
| Textron Inc. |
40.36%
13,230
|
$1,156,499,000 | 0.11% |
| Kaiser Aluminum Corp |
Closed
16,144
|
$1,149,291,000 | |
| Arteris Inc |
Closed
193,281
|
$1,138,425,000 | |
| Openlane Inc. |
34.63%
66,036
|
$1,095,537,000 | 0.11% |
| Chuys Hldgs Inc |
Opened
40,387
|
$1,046,831,000 | 0.10% |
| Lyft Inc |
Opened
66,693
|
$958,553,000 | 0.09% |
| Five Below Inc |
18.21%
8,429
|
$937,872,000 | 0.09% |
| Ishares Tr |
48.79%
4,589
|
$931,117,000 | 0.09% |
| Nexpoint Residential Tr Inc |
Closed
20,933
|
$720,723,000 | |
| Axis Cap Hldgs Ltd |
Closed
11,630
|
$643,950,000 | |
| Bowman Consulting Group Ltd |
Opened
19,037
|
$605,186,000 | 0.06% |
| Spire Inc. |
4.01%
9,614
|
$583,858,000 | 0.06% |
| Portland Gen Elec Co |
6.19%
13,357
|
$577,557,000 | 0.06% |
| Northwestern Energy Group In |
15.05%
11,470
|
$574,418,000 | 0.06% |
| Ssr Mining In |
Closed
51,602
|
$555,238,000 | |
| Surgery Partners Inc |
Opened
22,094
|
$528,270,000 | 0.05% |
| Independence Rlty Tr Inc |
Closed
32,514
|
$497,464,000 | |
| Black Hills Corporation |
Opened
8,921
|
$485,124,000 | 0.05% |
| Nomad Foods Ltd |
Opened
27,012
|
$445,158,000 | 0.04% |
| Reynolds Consumer Prods Inc |
38.44%
15,810
|
$442,364,000 | 0.04% |
| Diamondback Energy Inc |
83.21%
2,002
|
$400,766,000 | 0.04% |
| Perrigo Co Plc |
21.82%
15,188
|
$390,028,000 | 0.04% |
| Expedia Group Inc |
Closed
2,297
|
$348,612,000 | |
| United Rentals, Inc. |
38.05%
539
|
$348,543,000 | 0.03% |
| Voya Financial, Inc. |
Closed
4,685
|
$341,806,000 | |
| Jones Lang Lasalle Inc. |
Opened
1,629
|
$334,424,000 | 0.03% |
| Kirby Corp. |
98.31%
2,757
|
$330,020,000 | 0.03% |
| Martin Marietta Matls Inc |
32.46%
595
|
$322,461,000 | 0.03% |
| First Bancorp N C |
Opened
9,942
|
$317,349,000 | 0.03% |
| PlayAGS Inc |
60.38%
26,879
|
$309,109,000 | 0.03% |
| Vanguard Index Fds |
Closed
1,295
|
$307,176,000 | |
| Tko Group Holdings Inc |
Opened
2,511
|
$271,196,000 | 0.03% |
| XPO Inc |
36.01%
2,490
|
$264,249,000 | 0.03% |
| Ametek Inc |
Closed
1,453
|
$239,632,000 | |
| Conmed Corp. |
Closed
2,039
|
$223,242,000 | |
| TEGNA Inc |
Closed
11,315
|
$173,115,000 | |
| Taseko Mines Ltd. |
Opened
10,745
|
$26,325,000 | 0.00% |
| Biomerica Inc. |
No change
20,900
|
$9,192,000 | 0.00% |
| No transactions found | |||
| Showing first 500 out of 184 holdings | |||
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