Alan Fournier

Last Update: 2014-05-15

Number of Stocks: 45
Number of New Stocks: 2

Total Value: $5,878 Mil
Q/Q Turnover: 8%

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

Alan Fournier Watch

  • 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.

      


  • Enough Apple Pie, Alan Fournier Unloads Major American Companies

    After selling companies as American as apple pie, both Coca-Cola Enterprises Inc. (CCE) and Google Inc. (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. (F), Family Dollar Store (FDO) and WellPoint Inc. (WLP), as of the quarter ending March 31, 2013. Here are the details:

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


  • Pennant Capital’s Fournier - Adds Again, USAP Down 20%

    It appears that Guru Alan Fournier, Pennant Capital Management, has faith in stainless steel as the metal of today and the future, despite raw steel production in the U.S. being down 8.2% compared to a year ago. What’s not to love about the corrosion-fighting, heat-tolerant metal? Stainless steel is strong, beautiful, reflective and recyclable.

    As of April 3, 2013, Fournier, increased his Universal Stainless & Alloy Products (USAP) position by 0.62% for the eleventh time in 2013. Fournier added 7,000 shares at an average price of $34.92 per share, for a total of 1,133,021 shares after the trade. Ownership is filed as Pennant Capital Management and the Broadway Gate Master Fund Ltd. Fournier’s hedge fund Pennant Capital is listed as 10% owner of Universal Stainless & Alloy Products.  


  • Alan Fournier - Tenth Add of USAP in First Quarter

    As of March 28, 2013, fund manager Guru Alan Fournier, Pennant Capital Management, made his tenth add of Universal Stainless & Alloy Products (USAP) stock in 2013, increasing his position by 0.84%, for a total of 1,126,021 shares. Ownership is filed as Pennant Capital Management and the Broadway Gate Master Fund Ltd. The current share price is $36.35, up 1%.

    Headquartered in Bridgeville, Pa., Universal Stainless & Alloy Products (USAP) manufactures specialty steel products, including stainless steel, tool steel and other alloyed steels. Fournier’s hedge fund Pennant Capital is 10% owner of USAP, established in 1994. Universal Stainless sells to service centers in the manufacturing sector.  


  • Alan Fournier—Reduces PHH

    On March 14, 2013, Alan Fournier, fund manager of Pennant Capital Management, reduced his position on PHH Corporation (PHH) by 38.73%, leaving the value investor with 2,845,982 PHH shares. The current share price is $21.81. PHH Corporation has two different segments of business: mortgage services and fleet management outsourcing. PHH Mortgage sells its loans to secondary market investors. The company posted net income of $58 million in the fourth quarter of 2012, compared to $46 million for the same period in the previous year.

    Check out Alan Fournier’s PHH Holding History.  


  • Alan Fournier - Steeled Again on USAP

    Yesterday Alan Fournier, fund manager of Pennant Capital Management, made his fifth purchase of Universal Stainless & Alloy Products (USAP) stock in 2013, adding another 0.82% of USAP at $35.85. The current price of USAP is $36.69. Fournier now owns 1,112,768 shares of USAP. The stock price has gone up 33 cents per share since Fournier’s last add on March 6, 2013. USAP manufactures specialty steel products, including stainless steel, tool steel and other alloyed steels. According to SEC filings, Fournier’s hedge fund Pennant Capital is 10% owner of USAP. Here’s Alan Fournier’s Holding History of USAP.

      


  • Alan Fournier - Steely on Steel with USAP

    On March 6, 2013, Alan Fournier, fund manager of Pennant Capital Management, made his seventh add of Universal Stainless & Alloy Products (USAP) stock in a string of adds this year. With this latest increase of 0.76%, Fournier owns 1,103,668 USAP shares at the average price of $36.15. USAP's stock price continues to fluctuate slightly since its drop on Jan. 28, 2013 to $32.78.

      


  • Alan Fournier - Full Sail with USAP

    On Feb. 15, 2013, Alan Fournier, fund manager of Pennant Capital Management, made his third purchase of USAP stock in 2013 so far, acquiring 20,500 shares of Universal Stainless & Alloy Products (USAP) at the average price of $36.09, as reported in the latest Real Time Picks.

    With this add of 0.23%, Fournier now owns 1,068,768 shares of USAP. The stock price has not changed since his last purchase on Feb. 6, 2013. USAP closed at $36.22 a share on Feb. 15, up 0.36%. Pennant Capital primarily invests in technology, healthcare, services, industrial goods, consumer goods, financial, basic materials and industrials. As of the end of 2012, Pennant listed 42 stocks at a total value of $4.79 billion.  


  • Universal Stainless: Valuations Not as Attractive as Miss Universe

    Universal Stainless & Alloy Products Inc. (USAP) headquartered in Bridgeville, Pa. and established in 1994, manufactures and markets semi-finished and finished specialty steels, including stainless steel, tool steel and certain other alloyed steels. USAP's products, sold to service centers, forgers, rerollers and original equipment manufacturers, are further processed by customers for use in a variety of industries, including aerospace, power generation, oil and gas and heavy equipment manufacturing. Its specialty bar facilities have one of the broadest and diverse size range and product capabilities in the industry. USAP also offers conversion services on its Radial Forge and Universal Rolling Mill.  


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User Comments

Goforit
ReplyGoforit - 4 months ago
How are premium members of GuruFocus supposed to evaluate the list of Gurus when more often than not there is no historical performance records. Most of the time the "profile/performance" tab does not have anything on performance. Why not? Maybe it should just be called the "profile" tab. This is very frustrating.



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