Alan Fournier

Last Update: 05-15-2015

Number of Stocks: 40
Number of New Stocks: 6

Total Value: $5,338 Mil
Q/Q Turnover: 16%

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

Alan Fournier' s Profile & Performance

Profile

Alan Fournier manages Pennant Master Fund,Pennant Windward Master Fund, Broadway Gate Master Fund, Ltd., and Pennant General Partner, LLC. Previously, Mr. 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.

Total Holding History

Top Ranked Articles

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: Read more...
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 (NASDAQ: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. Read more...
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 (NASDAQ: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%. Read more...
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. Read more...
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. Read more...
» More Alan Fournier Articles

Commentaries and Stories

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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. More...

Alan Fournier


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Alan Fournier Sells Stake in Gilead Sciences Alan Fournier - 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. More...

Alan Fournier, Gilead Sciences


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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. More...

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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. More...

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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. More...

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Middleby: Baking Up Capital Appreciation Alan Fournier,Ron Baron - 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. More...

food industry


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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. More...

Fluor, Engineering, Construction, Margin


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Alan Fournier Boosts Stake in Company at 52-Week Low Alan Fournier - 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. More...

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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? More...

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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. More...

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Billionaires Hold Four Stocks, 59% Off Alan Fournier,Jean-Marie Eveillard - 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. More...

BIOTECHNOLOGY, METALS & MINERALS, GOLD


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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. More...

STEEL


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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. More...

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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. More...

STEEL


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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: More...

BEVERAGES – SOFT DRINKS, AUTO MANUFACTURERS, COMPUTER SYSTEMS, DISCOUNT STORES, HEALTH CARE PLANS, INTERNET CONTENT & INFORMATION


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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. More...

STEEL, STANLESS STEEL


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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 (NASDAQ: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%. More...

MANUFACTURNG, STANLESS STEEL, ALLOYS


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Ford Motor Company (F) - How to Sell Cars to the Feminine Mystique
With automakers casting a wider global net, top billionaire investor Gurus seem split on the Ford Motor Co. (NYSE:F) as of quarter ending Dec. 31, 2012. While increasing automotive exports overseas, automakers are also reaching towards women as a sector of key buyers, earners and decision-makers. The obvious necessity of marketing to women is finally trickling up in corporations after Betty Friedan wrote all about it 50 years ago in her classic book “The Feminine Mystique.” (There’s a chapter on advertising: The Sexual Sell.) More...

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Alan Fournier—Reduces PHH
On March 14, 2013, Alan Fournier, fund manager of Pennant Capital Management, reduced his position on PHH Corporation (NYSE: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. More...

FINANCIAL SERVICES, CREDIT SERVICES


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Alan Fournier - Steeled Again on USAP
Yesterday Alan Fournier, fund manager of Pennant Capital Management, made his fifth purchase of Universal Stainless & Alloy Products (NASDAQ: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. More...

STEEL


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Goforit
ReplyGoforit - 1 year 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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