Top 10 Stocks to Invest in According to Alan Fournier's Pennant Capital
In today's piece, we will take a look at the top 10 stocks to invest in according to Alan Fournier's Pennant Capital. If you want to skip Mr.
Pennant Capital Management is a firm that specializes in alternative investments such as distressed debt, secondary market transactions, private equity, and hedge funds. The firm's mobile and globally experienced deal team is dedicated to unlocking value in underutilized private assets, facilitating transactions exceeding $1 billion internationally.
Alan Fournier is the founder and managing member of Pennant Capital Management. Before establishing Pennant Capital, Fournier gained valuable experience at prominent firms such as Sanford C. Bernstein and David Tepper’s Appaloosa Management. His career also includes roles as a portfolio manager at Hagler, Mastrovita, and Hewitt, as well as at Pzena Investment Management. Fournier holds a degree in mechanical engineering from Wentworth Institute of Technology, Boston, MA, earned in 1983.
Pennant Capital Management reported $403,672,863 in managed 13F securities in their Q1 2024 filing, with a top 10 holdings concentration of 88.07%. Amazon.com Inc. stands as their largest holding with 296,000 shares.
