Penn Capital Management 13F annual report

Penn Capital Management is an investment fund managing more than $1.04 trillion ran by Marty Keane. There are currently 141 companies in Mr. Keane’s portfolio. The largest investments include Weatherford Intl Plc and Carpenter Technology, together worth $47.8 billion.

Limited to 30 biggest holdings

$1.04 trillion Assets Under Management (AUM)

As of 6th August 2024, Penn Capital Management’s top holding is 210,898 shares of Weatherford Intl Plc currently worth over $25.9 billion and making up 2.5% of the portfolio value. In addition, the fund holds 199,282 shares of Carpenter Technology worth $21.9 billion, whose value grew 126.6% in the past six months. The third-largest holding is Norwegian Cruise Line Hldg L worth $19.4 billion and the next is FTAI Aviation Ltd worth $17.7 billion, with 170,996 shares owned.

Currently, Penn Capital Management's portfolio is worth at least $1.04 trillion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Penn Capital Management

The Penn Capital Management office and employees reside in Philadelphia, Pennsylvania. According to the last 13-F report filed with the SEC, Marty Keane serves as the Chief Compliance Officer at Penn Capital Management.

Recent trades

In the most recent 13F filing, Penn Capital Management revealed that it had opened a new position in Mastec and bought 164,605 shares worth $17.7 billion. This means they effectively own approximately 0.1% of the company. Mastec makes up 13.2% of the fund's Industrials sector allocation and has decreased its share price by approximately 0.1% in the past year.

The investment fund also strengthened its position in Norwegian Cruise Line Hldg L by buying 179,995 additional shares. This makes their stake in Norwegian Cruise Line Hldg L total 1,028,698 shares worth $19.4 billion.

On the other hand, there are companies that Penn Capital Management is getting rid of from its portfolio. Penn Capital Management closed its position in SouthState on 13th August 2024. It sold the previously owned 174,719 shares for $14.8 billion. Marty Keane also disclosed a decreased stake in Weatherford Intl Plc by 0.3%. This leaves the value of the investment at $25.9 billion and 210,898 shares.

One of the average hedge funds

The two most similar investment funds to Penn Capital Management are First Long Island Investors and Rhenman & Partners Asset Management Ab. They manage $1.04 trillion and $1.04 trillion respectively.


Marty Keane investment strategy

Penn Capital Management’s portfolio is diversified across 13 sectors. Currently, their heaviest sector is Industrials — making up 12.8% of the total portfolio value. The fund focuses on investments in the United States as 53.2% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 5% of the total holdings value. On the other hand, small-cap stocks make up only 2.1% of the portfolio. The average market cap of the portfolio companies is close to $4.15 billion.

The complete list of Penn Capital Management trades based on 13F SEC filings

These positions were updated on August 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Weatherford Intl Plc
27.82%
210,898
$25,927,865,000 2.49%
Carpenter Technology Corp.
14.16%
199,282
$21,913,158,000 2.10%
Norwegian Cruise Line Hldg L
21.21%
1,028,698
$19,397,856,000 1.86%
FTAI Aviation Ltd
48.02%
170,996
$17,715,448,000 1.70%
Mastec Inc.
Opened
164,605
$17,672,857,000 1.70%
Golden Entmt Inc
1.38%
561,611
$17,526,210,000 1.68%
United Parks & Resorts Inc.
15.06%
320,343
$17,459,579,000 1.68%
Popular Inc.
11.89%
195,767
$17,378,153,000 1.67%
Newmark Group Inc
17.43%
1,618,687
$16,617,671,000 1.60%
Rxo Inc
Opened
628,734
$16,500,358,000 1.58%
Shift4 Pmts Inc
Opened
217,590
$16,015,594,000 1.54%
Halozyme Therapeutics Inc.
7.56%
300,670
$15,800,874,000 1.52%
Allegro Microsystems Inc
56.90%
556,508
$15,771,785,000 1.51%
Northern Oil & Gas Inc
4.65%
418,791
$15,618,743,000 1.50%
Bgc Group Inc
0.19%
1,848,442
$15,396,880,000 1.48%
Pinnacle Finl Partners Inc
18.43%
190,415
$15,291,115,000 1.47%
Nexstar Media Group Inc
6.45%
90,183
$15,032,467,000 1.44%
Lazard Inc.
Opened
389,905
$14,939,602,000 1.43%
SouthState Corporation
Closed
174,719
$14,806,522,000
Chart Inds Inc
15.78%
99,868
$14,465,786,000 1.39%
RingCentral Inc.
Closed
420,526
$14,321,186,000
Hillman Solutions Corp
0.22%
1,607,886
$14,278,409,000 1.37%
Alphatec Holdings Inc
10.98%
1,349,095
$14,142,974,000 1.36%
Knife River Corp
11.96%
200,048
$14,084,812,000 1.35%
Transocean Ltd
8.76%
2,612,018
$14,018,355,000 1.35%
Triumph Group Inc.
0.70%
905,990
$13,981,133,000 1.34%
Chefs Whse Inc
17.26%
350,796
$13,757,530,000 1.32%
Dnow Inc
26.12%
979,011
$13,487,211,000 1.30%
Q2 Holdings Inc
Opened
220,854
$13,371,208,000 1.28%
Affiliated Managers Group In
57.53%
85,175
$13,354,349,000 1.28%
Kulicke & Soffa Inds Inc
12.87%
267,846
$13,220,257,000 1.27%
Gxo Logistics Incorporated
10.99%
259,702
$13,159,232,000 1.26%
Ameris Bancorp
21.57%
260,195
$13,119,531,000 1.26%
Stagwell Inc
0.75%
1,911,628
$13,084,052,000 1.26%
Stag Indl Inc
Closed
331,252
$13,054,356,000
Texas Cap Bancshares Inc
12.39%
207,835
$12,750,350,000 1.22%
Planet Fitness Inc
9.77%
170,310
$12,580,481,000 1.21%
H & E Equipment Services Inc
16.19%
283,355
$12,562,057,000 1.21%
Zuora Inc
8.30%
1,256,270
$12,491,712,000 1.20%
Taylor Morrison Home Corp.
9.55%
223,646
$12,441,717,000 1.19%
Silicon Motion Technology Corp
Opened
152,821
$12,421,065,000 1.19%
Magnite Inc
8.28%
920,810
$12,255,401,000 1.18%
Scorpio Tankers Inc
Opened
149,130
$12,165,278,000 1.17%
Rambus Inc.
19.12%
205,964
$12,144,956,000 1.17%
Ryman Hospitality Pptys Inc
13.75%
120,232
$12,050,408,000 1.16%
Fb Finl Corp
1.93%
302,485
$11,821,773,000 1.14%
Crocs Inc
29.16%
78,821
$11,546,377,000 1.11%
Kyndryl Hldgs Inc
Opened
434,852
$11,479,102,000 1.10%
American Axle & Mfg Hldgs In
Closed
1,291,836
$11,396,620,000
Aspen Aerogels Inc.
Closed
719,681
$11,372,085,000
Semtech Corp.
28.61%
367,460
$11,019,940,000 1.06%
Forward Air Corp.
Closed
174,172
$10,983,966,000
Viad Corp.
6.47%
317,746
$10,818,326,000 1.04%
OneMain Holdings Inc
113.10%
216,934
$10,560,119,000 1.01%
Infinera Corp.
Opened
1,730,817
$10,554,252,000 1.01%
California Res Corp
1.99%
194,100
$10,344,331,000 0.99%
Construction Partners Inc
19.99%
182,421
$10,085,436,000 0.97%
ArcBest Corp
27.38%
91,421
$9,824,234,000 0.94%
Collegium Pharmaceutical Inc
Closed
315,774
$9,755,110,000
Patterson-UTI Energy Inc
6.56%
921,663
$9,579,715,000 0.92%
Life Time Group Holdings, Inc.
Opened
501,940
$9,484,922,000 0.91%
Hamilton Insurance Group Ltd
Closed
623,861
$9,351,986,000
Tenet Healthcare Corp.
66.31%
68,226
$9,121,824,000 0.88%
Progyny Inc
2.25%
317,123
$9,105,239,000 0.87%
Gray Television, Inc.
4.82%
1,738,667
$9,070,060,000 0.87%
Championx Corporation
Closed
306,604
$8,968,628,000
Bloomin Brands Inc
2.82%
464,975
$8,953,208,000 0.86%
PENN Entertainment Inc
1.20%
436,057
$8,451,092,000 0.81%
Radnet Inc
60.55%
141,744
$8,363,458,000 0.80%
Mirum Pharmaceuticals Inc
1.86%
241,151
$8,256,003,000 0.79%
Ouster Inc
8.94%
806,856
$7,942,264,000 0.76%
BrightView Holdings Inc
162.82%
595,508
$7,929,693,000 0.76%
Academy Sports & Outdoors In
Opened
147,149
$7,846,473,000 0.75%
First Watch Restaurant Group
Opened
445,205
$7,845,319,000 0.75%
Waystar Hldg Corp
Opened
362,713
$7,829,182,000 0.75%
Boyd Gaming Corp.
1.89%
140,868
$7,772,514,000 0.75%
Acadia Pharmaceuticals Inc
Closed
247,324
$7,768,808,000
Century Alum Co
Opened
449,089
$7,533,126,000 0.72%
Fortrea Hldgs Inc
Opened
321,198
$7,522,348,000 0.72%
Golar Lng
Closed
323,194
$7,455,081,000
Five9 Inc
Closed
91,098
$7,192,944,000
Clear Channel Outdoor Hldgs
6.87%
5,056,773
$7,140,162,000 0.69%
Moneylion Inc
Opened
95,962
$7,082,455,000 0.68%
Navitas Semiconductor Corp
26.38%
1,719,001
$6,764,332,000 0.65%
Calix Inc
Closed
153,366
$6,710,050,000
Brookdale Sr Living Inc
Opened
837,701
$5,729,717,000 0.55%
Inari Med Inc
Closed
85,146
$5,535,393,000
Agree Rlty Corp
Opened
87,876
$5,463,100,000 0.52%
Northwest Nat Hldg Co
15.70%
143,879
$5,195,471,000 0.50%
Healthcare Svcs Group Inc
5.44%
483,443
$5,114,827,000 0.49%
Vanguard Index Fds
23.33%
30,019
$5,216,814,000 0.50%
Sandstorm Gold Ltd
Closed
960,425
$4,830,938,000
Gogo Inc
Closed
465,901
$4,735,048,000
Turning Pt Brands Inc
Closed
178,853
$4,707,411,000
Pennant Group Inc
Closed
337,199
$4,693,810,000
Middlesex Wtr Co
62.76%
84,500
$4,415,970,000 0.42%
Easterly Govt Pptys Inc
8.22%
356,045
$4,404,277,000 0.42%
York Wtr Co
115.72%
115,108
$4,269,356,000 0.41%
American Vanguard Corp.
9.89%
494,822
$4,255,469,000 0.41%
Scripps E W Co Ohio
9.73%
1,333,186
$4,192,426,000 0.40%
EZCorp, Inc.
20.37%
390,820
$4,091,885,000 0.39%
Ingevity Corp
84.18%
92,849
$4,058,430,000 0.39%
Fox Factory Hldg Corp
Opened
83,496
$4,023,672,000 0.39%
Allient Inc
Opened
151,542
$3,829,466,000 0.37%
Monro Inc
29.90%
153,365
$3,659,289,000 0.35%
Helios Technologies, Inc.
80.81%
69,676
$3,327,029,000 0.32%
Rogers Corp.
Opened
27,382
$3,302,543,000 0.32%
Postal Realty Trust Inc
9.24%
234,352
$3,123,912,000 0.30%
Marten Trans Ltd
113.92%
168,781
$3,114,009,000 0.30%
Western Digital Corp.
27.92%
39,684
$3,055,644,000 0.29%
Umh Pptys Inc
Closed
194,646
$2,981,977,000
Centerspace
Closed
48,204
$2,805,473,000
Fresh Del Monte Produce Inc
Opened
120,939
$2,642,517,000 0.25%
Compass Minerals International Inc
Closed
100,975
$2,556,687,000
Jack In The Box, Inc.
Opened
49,828
$2,538,238,000 0.24%
Farmer Bros. Co.
7.85%
938,018
$2,513,888,000 0.24%
Trimas Corporation
Opened
93,268
$2,383,930,000 0.23%
MGM Resorts International
Closed
51,070
$2,316,329,000
Teradyne, Inc.
23.26%
14,674
$2,210,130,000 0.21%
United Therapeutics Corp
Closed
9,613
$2,147,953,000
Papa Johns Intl Inc
64.82%
45,550
$2,139,939,000 0.21%
National Vision Holdings Inc
Opened
159,994
$2,094,321,000 0.20%
Commercial Metals Co.
2.37%
37,216
$2,081,088,000 0.20%
Generac Holdings Inc
9.32%
15,395
$2,070,509,000 0.20%
Chesapeake Energy Corp.
6.52%
24,700
$2,064,891,000 0.20%
Coeur Mng Inc
Closed
632,784
$2,062,876,000
Ducommun Inc.
Closed
39,165
$2,038,930,000
O-I Glass Inc
76.47%
173,277
$1,928,573,000 0.19%
Elanco Animal Health Inc
Opened
131,291
$1,927,044,000 0.19%
Douglas Dynamics Inc
27.96%
82,265
$1,925,001,000 0.18%
DraftKings Inc.
Opened
47,472
$1,843,817,000 0.18%
PTC Inc
32.62%
9,739
$1,799,250,000 0.17%
Leonardo DRS, Inc.
Opened
68,181
$1,773,042,000 0.17%
Emcore Corp.
Closed
3,540,170
$1,731,143,000
Olo Inc
3.25%
391,604
$1,730,890,000 0.17%
Floor & Decor Holdings Inc
7.56%
16,931
$1,711,234,000 0.16%
Gaming & Leisure Pptys Inc
Closed
34,008
$1,704,358,000
Caesars Entertainment Inc Ne
19.65%
41,494
$1,679,421,000 0.16%
Primerica Inc
Closed
7,635
$1,598,719,000
Performance Food Group Company
22.18%
22,703
$1,526,197,000 0.15%
Dole plc
Opened
124,500
$1,523,880,000 0.15%
Heritage Finl Corp Wash
158.07%
80,870
$1,458,086,000 0.14%
Fortuna Mining Corp.
Closed
357,119
$1,378,479,000
Darling Ingredients Inc
Closed
24,994
$1,264,313,000
Pixelworks Inc
Closed
948,870
$1,243,020,000
Treehouse Foods Inc
Opened
33,777
$1,237,589,000 0.12%
Textron Inc.
40.36%
13,230
$1,156,499,000 0.11%
Kaiser Aluminum Corp
Closed
16,144
$1,149,291,000
Arteris Inc
Closed
193,281
$1,138,425,000
Openlane Inc.
34.63%
66,036
$1,095,537,000 0.11%
Chuys Hldgs Inc
Opened
40,387
$1,046,831,000 0.10%
Lyft Inc
Opened
66,693
$958,553,000 0.09%
Five Below Inc
18.21%
8,429
$937,872,000 0.09%
Ishares Tr
48.79%
4,589
$931,117,000 0.09%
Nexpoint Residential Tr Inc
Closed
20,933
$720,723,000
Axis Cap Hldgs Ltd
Closed
11,630
$643,950,000
Bowman Consulting Group Ltd
Opened
19,037
$605,186,000 0.06%
Spire Inc.
4.01%
9,614
$583,858,000 0.06%
Portland Gen Elec Co
6.19%
13,357
$577,557,000 0.06%
Northwestern Energy Group In
15.05%
11,470
$574,418,000 0.06%
Ssr Mining In
Closed
51,602
$555,238,000
Surgery Partners Inc
Opened
22,094
$528,270,000 0.05%
Independence Rlty Tr Inc
Closed
32,514
$497,464,000
Black Hills Corporation
Opened
8,921
$485,124,000 0.05%
Nomad Foods Ltd
Opened
27,012
$445,158,000 0.04%
Reynolds Consumer Prods Inc
38.44%
15,810
$442,364,000 0.04%
Diamondback Energy Inc
83.21%
2,002
$400,766,000 0.04%
Perrigo Co Plc
21.82%
15,188
$390,028,000 0.04%
Expedia Group Inc
Closed
2,297
$348,612,000
United Rentals, Inc.
38.05%
539
$348,543,000 0.03%
Voya Financial, Inc.
Closed
4,685
$341,806,000
Jones Lang Lasalle Inc.
Opened
1,629
$334,424,000 0.03%
Kirby Corp.
98.31%
2,757
$330,020,000 0.03%
Martin Marietta Matls Inc
32.46%
595
$322,461,000 0.03%
First Bancorp N C
Opened
9,942
$317,349,000 0.03%
PlayAGS Inc
60.38%
26,879
$309,109,000 0.03%
Vanguard Index Fds
Closed
1,295
$307,176,000
Tko Group Holdings Inc
Opened
2,511
$271,196,000 0.03%
XPO Inc
36.01%
2,490
$264,249,000 0.03%
Ametek Inc
Closed
1,453
$239,632,000
Conmed Corp.
Closed
2,039
$223,242,000
TEGNA Inc
Closed
11,315
$173,115,000
Taseko Mines Ltd.
Opened
10,745
$26,325,000 0.00%
Biomerica Inc.
No change
20,900
$9,192,000 0.00%
No transactions found
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