Alan Fournier

Last Update: 11-16-2015

Number of Stocks: 36
Number of New Stocks: 6

Total Value: $4,731 Mil
Q/Q Turnover: 18%

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

Alan Fournier Watch

  • 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.

    Other Segments


  • Alan Fournier Boosts Stake in Company at 52-Week Low

    Alan Fournier (Trades, Portfolio) is the founder of hedge fund Pennant Capital Management and formerly worked at David Tepper (Trades, Portfolio)’s fund, Appaloosa Management. The guru on Thursday announced he made a 75.77% increase in his holding of Ocwen Financial Corp (NYSE:OCN), according to Real Time Picks.  

  • Hedge Fund Manager Larry Robbins Boosts Stakes in Carter´s

    According to GuruFocus Real Time Picks, billionaire Larry Robbins (Trades, Portfolio), who founded Glenview Capital Management takes a long position on Carter's, Inc. (NYSE:CRI). The company, a $4.24 billion market cap, has a trailing P/E ratio that indicates that the stock is relatively overvalued (29x vs 24.4x of industry mean). So one question arises, why this hedge fund manager is betting on it?

    So in this article, let's take a look at a model which is applicable to stable, mature, dividend-paying firms and try to find the intrinsic value of the stock. Although the model has a number of characteristics that make it useful and appropriate for many applications, is by no means the be-all and end-all for valuation. The purpose is to force investors to evaluate different assumptions about growth and future prospects.


  • Kids' Apparel Is a Growing Business

    According to GuruFocus Real Time Picks, Larry Robbins (Trades, Portfolio) added Carter's, Inc. (NYSE:CRI) at an average price of $69.5 and currently holds 3,673,608 shares of the stock. This makes me feel that he is betting that the textiles, apparel, and luxury goods industry will expand in the near future.

    Carter’s is a marketer of apparel for babies and young children. Under its Carter’s brand, the company designs, sources, and markets a range of products, mainly for sizes newborn to seven. Under its OshKosh brand, the company designs, sources, and markets a range of young children’s apparel, mainly for children in sizes newborn to twelve.  

  • Billionaires Hold Four Stocks, 59% Off

    It’s time to go desk-surfing with the GuruFocus special feature 52-week low Value Screen. Surf through hundreds of US.. stocks currently listed at a 52-week low and discover performance data along with billionaire ownership and insider trade information. If you’re a jet setter, thousands of other possible bargains around the world can be found using the GuruFocus 52-week low Value Screen for stocks in Canada, Europe, Asia, UK, Ireland, and Oceania.

    Here’s research on four companies held by billionaire investors, as of the second quarter. All companies are currently on a 52-week low, and more than 59% off high.  

  • Recycled Steel Impacts Swinging Sector

    With China’s steel sector slowing, it is still the world’s largest steel producer, followed by Japan, and the U.S. coming in third place. World Steel reports that U.S. crude steel production is down 2.9% for the month of August 2013, year over year. China’s steel production for the same month was up 12.8% compared to August 2012. Japan’s production is flat, down by 0.6% over last August. The most-recycled material, steel, is influencing the domestic market with around 66% of U.S. steel now produced from recycled scrap.

    The steel business is known for volatility and swings in gross and net margins, due to the cyclic nature of the business and economic conditions. According to, the U.S. steel market will remain down in 2013, based on a glut of imported steel mostly from China.  

  • Alan Fournier's Top Five Positions

    Alan Fournier is the founder and manager of Pennant Capital Management. Prior to creating Pennant, Fournier spent some time working at David Tepper’s Appaloosa Management managing global equity investments. During the second quarter Fournier sold out of four companies and made initial buys into eight new stocks. His second quarter portfolio held 46 stocks valued at $5.373 billion. The following five companies represent Fournier’s top five positions.


  • USAP, X, NUE - Domestic Steel Production Second Quarter Update

    In spite of high import penetration by foreign steel producers into U.S. markets, some investor Gurus are buying steel while others wait for a better U.S. trade policy that will even out the playing field of this sector know for margin swings. Here’s a look at the U.S. raw steel production numbers issued last week and an update on Guru trades of three U.S. steel companies.

    Last week the American Iron and Steel Institute reported a slight increase in steel production since last year. For Aug. 3, 2013, domestic raw steel production was 1,888,000 net tons while the capability utilization rate was 78.8%, compared to 1,855,000 tons in the same week a year ago, with a capability utilization rate of 74.6%, with steel shipments going mostly to construction at 42% and automakers at 24%.  

  • Enough Apple Pie, Alan Fournier Unloads Major American Companies

    After selling companies as American as apple pie, both Coca-Cola Enterprises Inc. (NYSE:CCE) and Google Inc. (NASDAQ:GOOG) in the previous quarter, billionaire Guru Alan Fournier sold out four more holdings linked to American identity, ingenuity, innovation and insurance: Apple Inc. (APPL), Ford Motor Co. (NYSE:F), Family Dollar Store (NYSE:FDO) and WellPoint Inc. (WLP), as of the quarter ending March 31, 2013. Here are the details:

    Sold Out: Apple Inc. (NASDAQ:AAPL) – Computer Systems  

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