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Alan Fournier13F | |
| Pennant Investors, LP | |
| Last update 2025-05-15 | 19 Stocks (1 new) |
| Value $383.00 Mil | Turnover 11 % |
Alan Fournier Profile
Alan Fournier used to manage the 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.
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.In 2018, Mr. Fournier decided to return clients’ capital after a period of lackluster returns and converted his firm to a family office.
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.In 2018, Mr. Fournier decided to return clients’ capital after a period of lackluster returns and converted his firm to a family office.
Alan Fournier Investing Philosophy
Mr. Fournier famously has never taken a finance or accounting course. His investment strategy is a combination of what he learned while working at Bernstein, Pneza Investment and Appaloosa Management. His firm’s strategy focused on a buy and hold, long/short approach that included hedging, leverage, option trading and short-selling. In terms of long positions, Mr. Fournier places emphasis on growth and value qualities.
Alan Fournier Top Holdings of 2025-03-31
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| Ticker | | Company | Shares | Value ($1000) | Shares Change % | Weighting % | Trade Impact % | % of Shares outstanding | 3M Change % | YTD Change % | Market Cap $Mil | Industry |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SATS | EchoStar Corp | 2,046,751 | 52,355.9 | -15.35% | 13.660 | -2.40% | 0.710 | +30.30% | +28.08% | 8,428.9 | Telecommunication Services | |
AMZN | Amazon.com Inc | 202,500 | 38,527.7 | 0% | 10.050 | 0% | 0.000 | +24.57% | +5.92% | 2,466,892.1 | Retail - Cyclical | |
TDG | TransDigm Group Inc | 26,571 | 36,755.4 | +37.17% | 9.590 | +2.60% | 0.050 | +17.78% | +27.14% | 90,497.5 | Aerospace & Defense | |
AR | Antero Resources Corp | 774,730 | 31,330.1 | -29.27% | 8.180 | -3.17% | 0.250 | -3.42% | -4.82% | 10,359.2 | Oil & Gas | |
MSFT | Microsoft Corp | 75,900 | 28,492.1 | +55.21% | 7.430 | +2.64% | 0.000 | +32.32% | +21.83% | 3,802,043.5 | Software | |
PRM | Perimeter Solutions Inc | 2,470,000 | 24,872.9 | +8.81% | 6.490 | +0.53% | 1.670 | +64.88% | +32.24% | 2,496.6 | Chemicals | |
GOOGL | Alphabet Inc | 146,700 | 22,685.7 | 0% | 5.920 | 0% | 0.000 | +21.65% | +2.48% | 2,349,569.8 | Interactive Media | |
AR
CALL
| Antero Resources Corp | 500,000 | 20,220.0 | 0% | 5.280 | 0% | 0.160 | -3.42% | -4.82% | 10,359.2 | Oil & Gas | |
EXE | Expand Energy Corp | 180,000 | 20,037.6 | 0% | 5.230 | 0% | 0.080 | -3.75% | +1.53% | 23,793.2 | Oil & Gas | |
VMI | Valmont Industries Inc | 69,000 | 19,690.5 | 0% | 5.140 | 0% | 0.340 | +20.50% | +16.77% | 7,156.3 | Conglomerates |
Alan Fournier's Historical Top Holdings Breakdowns
Alan Fournier's Top Stock Picks
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| Ticker | | Company | Date | Action | Impact % | Price Range | Price | Price Change from Avrg% | Comment | Current Shares | Share Change |
|---|---|---|---|---|---|---|---|---|---|---|---|
AR | Antero Resources Corp | 2025-03-31 | Reduce Reduce | -3.17% | 33.64 ($38.35) 41.42 | $33.50 | -12.65% | Reduce -29.27% | 774,730 | -320,575 | |
MSFT | Microsoft Corp | 2025-03-31 | Add Add | +2.64% | 375.39 ($407.71) 447.2 | $511.20 | 25.38% | Add 55.21% | 75,900 | 27,000 | |
TDG | TransDigm Group Inc | 2025-03-31 | Add Add | +2.60% | 1251.32 ($1333.33) 1394.11 | $1,611.22 | 20.84% | Add 37.17% | 26,571 | 7,200 | |
CCCS |
CCC Intelligent Solutions Holdings Inc
CCC Intelligent Solutions Holdings Inc
| 2025-03-31 | New Buy New Buy | +2.50% | 8.92 ($10.38) 11.7 | $9.90 | -4.58% | New holding | 1,060,000 | 1,060,000 | |
SATS | EchoStar Corp | 2025-03-31 | Reduce Reduce | -2.40% | 22.73 ($27.19) 31.23 | $29.32 | 7.83% | Reduce -15.35% | 2,046,751 | -371,086 | |
CORZ | Core Scientific Inc | 2025-03-31 | Add Add | +1.33% | 7.24 ($11.38) 16.34 | $13.71 | 20.52% | Add 111.9% | 1,335,000 | 705,000 | |
GEV | GE Vernova Inc | 2025-03-31 | Reduce Reduce | -1.30% | 270.13 ($348.71) 437.71 | $626.00 | 79.52% | Reduce -23.33% | 46,000 | -14,000 | |
ASML | ASML Holding NV | 2025-03-31 | Add Add | +0.81% | 662.63 ($727.48) 776.99 | $724.44 | -0.42% | Add 109.3% | 9,000 | 4,700 | |
PRM | Perimeter Solutions Inc | 2025-03-31 | Add Add | +0.53% | 9.02 ($11.22) 13.91 | $16.90 | 50.62% | Add 8.81% | 2,470,000 | 200,000 | |
VRT | Vertiv Holdings Co | 2025-03-31 | Add Add | +0.53% | 72.2 ($106.44) 153.49 | $130.13 | 22.26% | Add 17.5% | 188,000 | 28,000 |
Alan Fournier Total Holding History ($B)
Alan Fournier's Asset Allocation
Alan Fournier Past Portfolios
| Portfolio Date | Number of Stocks | New Stocks | Total Value ($Mil) | Q/Q Turnover |
|---|---|---|---|---|
Top Ranked Articles
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Alan Fournier's Hypothetical Growth since 2025-03-31
Alan Fournier's Yearly Returns
| Year | Portfolio % | % | Excess Gain % |
|---|
Alan Fournier's Holdings Heat Map
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Alan Fournier's Holdings Bubble Chart
Alan Fournier News
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