Pennant Investors, LP 13F: Quarter-over-Quarter Portfolio Changes
Pennant Investors, LP reported a disclosed portfolio value of approximately $361.0 million in its latest SEC Form 13F-HR filing for Q1 2026, down 12.1% quarter on quarter. Over the quarter, the fund initiated 1 new position, bought more shares in 1 holding, and trimmed 13 holdings.
Pennant Investors, LP's top buy was a new stake in Flowserve CORP (FLS) , equal to 2.7% of the disclosed portfolio. Its top sell was Echostar CORP (SATS) . The fund sold 48.8% of its previously reported shares, reducing the position's portfolio weight by 7.2 percentage points.
New PositionsQ1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| FLOWSERVE CORP | FLS | 2.7% | Holders → |
Top BuysQ1 2026
The fund's top buys among existing positions in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
Top SellsQ1 2026
Showing the top 10 sells among 13 existing positions where the fund sold shares in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| ECHOSTAR CORP | SATS | -7.2% | 48.8% | History → |
| ALPHABET CL A | GOOGL | -2.7% | 41.4% | Holders → |
| CORE SCIENTIFIC INC NEW | CORZ | -0.9% | 27.9% | Holders → |
| PERIMETER SOLUTIONS INC | PRM | -1.7% | 21.4% | History → |
| ANTERO RESOURCES CORP | AR | 1.2% | 9.4% | History → |
| VALMONT INDS INC | VMI | 0.1% | 9.4% | Holders → |
| CCC INTELLIGENT SOLUTIONS HL | CCC | -1.1% | 9.4% | Holders → |
| QXO INC | QXO | 0.1% | 9.4% | Holders → |
| EXPAND ENERGY CORPORATION | EXE | 0.1% | 9.3% | History → |
| GE VERNOVA INC | GEV | 1.4% | 9.3% | History → |
Net Portfolio Value ChangeQ1 2026
- $0.4BPrior quarter
- $0.4BCurrent quarter
- $-0.0BNet delta
- -12.1%% change
Methodology & FAQ
How Pennant Investors, LP Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Pennant Investors, LP: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description — including how confidential treatment filings are handled — is documented in the Methodology.
What stocks did Pennant Investors, LP buy in Q1 2026?
In Q1 2026, Pennant Investors, LP initiated 1 new position (FLOWSERVE CORP (FLS)); bought more shares of MICROSOFT (MSFT).
What stocks did Pennant Investors, LP sell in Q1 2026?
In Q1 2026, Pennant Investors, LP reduced holdings in ECHOSTAR CORP (SATS), ALPHABET CL A (GOOGL), CORE SCIENTIFIC INC NEW (CORZ), PERIMETER SOLUTIONS INC (PRM), ANTERO RESOURCES CORP (AR) — the largest 5 of 13 reductions.
Which positions did Pennant Investors, LP initiate in Q1 2026?
Pennant Investors, LP established 1 new position in Q1 2026: FLOWSERVE CORP (FLS, 2.7%).
Which existing positions saw the largest allocation increases for Pennant Investors, LP in Q1 2026?
Of 1 existing position with share-count increases in Q1 2026, the largest were: MICROSOFT (MSFT, +0.3% weight, +17.8% shares).
Which positions did Pennant Investors, LP fully exit in Q1 2026?
Pennant Investors, LP fully exited no positions in Q1 2026.
Which existing positions saw the largest allocation reductions for Pennant Investors, LP in Q1 2026?
Of 13 existing positions with share-count reductions in Q1 2026, the largest were: ECHOSTAR CORP (SATS, -7.2% weight, -48.8% shares), ALPHABET CL A (GOOGL, -2.7% weight, -41.4% shares), CORE SCIENTIFIC INC NEW (CORZ, -0.9% weight, -27.9% shares), PERIMETER SOLUTIONS INC (PRM, -1.7% weight, -21.4% shares), ANTERO RESOURCES CORP (AR, 1.2% weight, -9.4% shares), VALMONT INDS INC (VMI, 0.1% weight, -9.4% shares), CCC INTELLIGENT SOLUTIONS HL (CCC, -1.1% weight, -9.4% shares), QXO INC (QXO, 0.1% weight, -9.4% shares), EXPAND ENERGY CORPORATION (EXE, 0.1% weight, -9.3% shares), GE VERNOVA INC (GEV, 1.4% weight, -9.3% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.