Alan Fournier

Last Update: 02-16-2016

Number of Stocks: 38
Number of New Stocks: 2

Total Value: $3,931 Mil
Q/Q Turnover: 9%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Alan Fournier Watch

  • Alan Fournier Invests in Oil and Gas Company Kinder Morgan

    Alan Fournier (Trades, Portfolio) of Pennant Capital made only two new buys in the fourth quarter, but one of those buys was his most noteworthy deal of the quarter.


    That transaction was Fournier’s purchase of a 7,107,480-share stake in Kinder Morgan Inc. (NYSE:KMI), a Houston-based oil and gas company, for an average price of $23.65 per share. The acquisition had a 2.7% impact on Fournier’s portfolio.

      


  • Alan Fournier Buys Kinder Morgan, Pfizer

    Alan Fournier (Trades, Portfolio) manages Pennant Master Fund, Pennant Windward Master Fund, Broadway Gate Master Fund Ltd. and Pennant General Partner LLC. He manages a portfolio composed of 38 holdings, and during the fourth quarter he raised his stake in six stocks and acquired two new positions.


    Fournier acquired 7,107,480 shares Kinder Morgan Inc. (KMI) with an impact of 2.7% on the portfolio.

      


  • Fournier Sells Part of Stake in Shipbuilding Company

    Guru Alan Fournier (Trades, Portfolio) graduated with a degree in mechanical engineering in 1983 from the Wentworth Institute of Technology in Boston. After working several years in the engineering field, Fournier decided to switch career paths. In 1988 Fournier began his investment career at Sanford C. Bernstein. Fournier started to gain momentum and he seized an opportunity to work alongside David Tepper (Trades, Portfolio) at Appaloosa Management. Fournier then went on to found Pennant Capital Management in 2001. The hedge fund currently manages 36 stocks and has a total value of $4.71 billion.


    In the first quarter of 2016, Fournier slashed his stake in Manitowoc Co.

      


  • Alan Fournier Makes Modest Reductions in Middleby and Priceline

    Alan Fournier (Trades, Portfolio) manages Pennant Master Fund, Pennant Windward Master Fund, Broadway Gate Master Fund Ltd. and Pennant General Partner LLC


    He reduced his positions in 16 stocks during the third quarter; most of the reductions were below 10%:

      


  • Fournier Purchases Auto Parts Company LKQ

    Guru Alan Fournier (Trades, Portfolio) graduated with a degree in mechanical engineering from the Wentworth Institute of Technology in Boston. After working several years in the engineering field, Fournier decided to switch career paths. In 1988 Fournier began his investment career at Sanford C. Bernstein. Fournier started to gain momentum and he seized an opportunity to work alongside David Tepper (Trades, Portfolio) at Appaloosa Management. Fournier then went on to found Pennant Capital Management in 2001. The hedge fund currently manages 36 stocks and has a total value of $4.71 billion.


    In the third quarter of 2015, Fournier purchased 4,703,799 shares of LKQ Corp. (NASDAQ:LKQ).

      


  • Alan Fournier Sells GM, Buys Molson Coors Brewing

    During the third quarter, the following were some of Alan Fournier (Trades, Portfolio)'s largest trades. He manages the Pennant Master Fund, Pennant Windward Master Fund, Broadway Gate Master Fund Ltd., and Pennant General Partner LLC. 


    Workday Inc. (WDAY)

      


  • Analyzing Amgen's Dividend Hike

    Amgen Inc. (NASDAQ:AMGN) recently raised its quarterly dividend to $1.00 per share or $4.00 on an annual basis. This way, the stock yields 2.5% if the share price stays at current levels at $158.8. According to GuruFocus, its yield is ranked higher than 88% of the 233 companies in the Global Biotechnology industry. Moreover, it is close to a five-year high.


    What makes possible the dividend hike is the solid financial position. Also, Piotroski F-Score of 8 is 8 is indicating very healthy situation. The company has a history deploying capital through share repurchases and dividends.

      


  • Allergan Among Health Care Holdings in Alan Fournier's Portfolio

    Alan Fournier (Trades, Portfolio) manages Pennant Master Fund,Pennant Windward Master Fund, Broadway Gate Master Fund Ltd. and Pennant General Partner LLC. He manages a portfolio composed of 36 stocks with a total value of $4.731 billion.


    The health care sector represents 17.5% of his total portfolio, and his holdings are the following.

      


  • Alan Fournier Sells Workday, SunEdison Stakes in 3rd Quarter

    Alan Fournier (Trades, Portfolio) is founder and manager of hedge fund Pennant Capital Management. Before that, he handled equity investments at David Tepper (Trades, Portfolio)’s Appaloosa Management. With an estimated net worth of $1.5 billion, Fournier’s quarterly transactions are well worth reviewing.


    Fournier’s most noteworthy third-quarter transaction was his sale of his 2,081,484-share stake in Workday Inc. (NYSE:WDAY), a financial management software company based in Pleasanton, Calif., for an average price of $77.28 per share. The deal had a -3.16% impact on Fournier’s portfolio.

      


  • Alan Fournier's Pennant Capital Management Sells Part of Stake in Universal Steel & Alloy Products

    Alan Fournier (Trades, Portfolio)’s Pennant Capital Management reduced its stake in Universal Stainless & Alloy Products Inc. (NASDAQ:USAP) by 16% on Oct. 21.


    Pennant Capital Management sold 133,900 shares of the Bridgeville, Pa.-based provider of semi-finished and finished specialty steel products for $10 per share. The deal left 703,219 shares in Fournier’s portfolio and had a -0.03% impact on that portfolio.

      


  • Alan Fournier Sells Nine Stakes in Second Quarter

    Alan Fournier (Trades, Portfolio) founded Pennant Capital Management in 2001 and manages Pennant Master Fund, Pennant Windward Master Fund, Broadway Gate Master Fund Ltd.,and Pennant General Partner LLC. Today Pennant Capital Management is worth around $4 billion.


    What is striking about Fournier’s second-quarter activity is not the number of overall transactions. That number has remained mostly consistent. What is striking about Fournier’s second quarter is the number of stakes he sold – more than in any quarter since at least 2012 – and the impacts those sales had on his portfolio.

      


  • Alan Fournier's Highest Performing Stocks

    Alan Fournier (Trades, Portfolio) is the founder and managing member of Pennant Capital Management, a long/short hedge fund. Today, the hedge is composed of 40 stocks, and 6 have been bought during the last quarter. The total value of the portfolio is $5,338 million with 16% Q/Q Turnover.


    According to GuruFocus' All-In-One screener, the following are stocks that the investor traded (increased his stake or bought shares for the first time) whose price is having the highest performance.

      


  • Alan Fournier Sells Stake in Gilead Sciences

    Guru Alan Fournier (Trades, Portfolio) has been investing for more than a quarter of a century. Today he manages Pennant Master Fund, Pennant Windward Master Fund, Broadway Gate Master Fund, Ltd., and Pennant General Partner, LLC. Perhaps understandably, his personal investments have been modest compared to many of the gurus we follow, but in the first quarter of 2015, they were significant, as they usually are.


    Gilead Sciences Inc (NASDAQ:GILD), a California-based biotechnology company, is widely considered one of the hottest stocks in the market these days, but Fournier sold his 2,141,000-share stake in the first quarter. Fournier received $101.54 per share. The sale had a -3.8% impact on his portfolio.

      


  • Larry Robbins keeps on buying Manitowoc Co Inc.

    After his latest buys of Q1 2015, Guru Larry Robbins (Trades, Portfolio) keeps on increasing his stake in Manitowoc Co Inc (MTW) even in June (Q2), according to GuruFocus real time picks.


    In March he bought the stock for the first time, and now he increased his stake by 11.61% at an average price of $19.3 reaching a total of 9,614,197 shares held. After this buy the Investor is still the second main holder of MTW after Carl Icahn (Trades, Portfolio) who owns 10,582,660 shares.

      


  • Alan Fournier's undervalued stocks trading at low P/E

    Alan Fournier (Trades, Portfolio) is the manager of Pennant Master Fund, Pennant Windward Master Fund, Broadway Gate Master Fund, Ltd., and Pennant General Partner, LLC.He began his investment career at Sanford C. Bernstein in 1988 and in before he was the partner responsible for global equity investments at Appaloosa Management L.P. He manages a portfolio composed of 40 stocks with a total value of $5,338 Mil with 16% Q/Q Turnover.


    Marathon Petroleum Corp (MPC)

      


  • Alan Fournier's Most Heavily Weighted Trades In Q1 2015

    Alan Fournier (Trades, Portfolio) manages Pennant Master Fund, Pennant Windward Master Fund, Broadway Gate Master Fund, Ltd., and Pennant General Partner, LLC. Previously, Fournier was the partner responsible for global equity investments at Appaloosa Management L.P., and he began his investment career at Sanford C. Bernstein in 1988. Before entering the investment management industry, Mr. Fournier spent five years in technology system sales for Digital Equipment Corporation, where he was a national account manager.


    His portfolio is composed of 40 stocks and has a total value of $5,338 million with a Q/Q turnover of 16%

      


  • Other Highly Concentrated Fund´s Portfolio

    Over the past days hedge funds have been filing their form 13-F, which is a quarterly report of equity holdings by filed institutional investment managers with at least $100 million in equity assets under management, as required by the United States Securities and Exchange Commission (SEC). In this article, let´s concentrate in one particular hedge fund and try to see the principal holdings in its portfolio. I will look into David Tepper (Trades, Portfolio)´s Appaloosa Management LP.


    Recently the fund reported its equity portfolio, as at the end of December. The total value of the portfolio amounted to $4.05 billion. The filing revealed that at the end of December, the fund added 18 new positions to its equity portfolio and sold out of 12 other companies. The top ten portfolio holdings as of the end of the quarter represented 75.69%. The largest changes from previous 13-F´s fillings were in the consumer discretionary, industrials and finance sector.

      


  • Kyle Bass' New Buys

    Kyle Bass is the managing member and principal of Hayman Capital Management's general partner, formed in December 2005. Hayman Capital Management serves as the investment manager to the Hayman Capital Master Fund LP and Japan Macro Opportunities Master Fund LP.



    Kyle Bass (Trades, Portfolio) makes bold bets according to his view on macroeconomics. He made a fortune in 2007 by betting against sub-prime CDOs.

      


  • Middleby: Baking Up Capital Appreciation

    It’s been said that the big winners of the California Gold Rush weren’t the miners who dug for gold, but the grocers and bankers and shoemakers who supplied the miners.


    Can we say the same thing of the food industry, where we can invest in not the best restaurant chain, but rather one of the suppliers that puts food equipment in the kitchens of many chains?

      


  • Engineering Firm Fluor Should Prioritize Margins

    In this article, let's take a look at Fluor Corporation (NYSE:FLR), a $9.31 billion market cap company, which is one of the world's largest engineering, procurement and construction companies, with more than 65% of its backlog derived from outside the U.S.


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