Penn Capital Management Company, LLC
Long book
$1.29B
Q1 2026
Positions
172
Top-10 weight
17%
concentration
Last quarter
+21.7%
SPY +14.8%
Turnover
34%
of book per quarter
Strategy in plain words
auto-generated from filingsPenn Capital Management Company, LLC is an institutional manager, running a $1.29B US long book across 172 positions.
The portfolio is broadly diversified across 172 positions (top 10 only 17%). The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: MIRUM PHARMACEUTICALS INC, CAESARS ENTERTAINMENT INC, GULFPORT ENERGY CORP, WEATHERFORD INTERNATIONAL PL, SELECT WATER SOLUTIONS INC.
Over the last 9 quarters its long book ran on average 0.8pp per quarter ahead of the S&P 500, beating the index in 6 of 9 quarters. Signal value of individual moves is limited — treat changes as weak evidence.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
-3.0%
Q2 2024
+6.3%
Q3 2024
+4.5%
Q4 2024
-8.0%
Q1 2025
+14.4%
Q2 2025
+11.1%
Q3 2025
-1.0%
Q4 2025
+2.0%
Q1 2026
+21.7%
Sector allocation
Industrials 20%
Financials 14%
Healthcare 14%
Services media 13%
Energy 9%
Communications 8%
Technology 6%
Other 5%
Long book by quarter
What does Penn Capital own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| MIRM MIRUM PHARMACEUTICALS INC | Healthcare | 256.8K | $23.8M | 1.8% | -8.9% |
| CZR CAESARS ENTERTAINMENT INC | Services media | 895.5K | $23.7M | 1.8% | +17.9% |
| GPOR GULFPORT ENERGY CORP | Energy | 111.4K | $23.6M | 1.8% | +15.1% |
| 0WE WEATHERFORD INTERNATIONAL PL | — | 238.0K | $22.6M | 1.7% | -17.1% |
| WTTR SELECT WATER SOLUTIONS INC | Energy | 1.5M | $22.4M | 1.7% | +26.7% |
| CC CHEMOURS CO/THE | Materials | 981.4K | $21.7M | 1.7% | -29.2% |
| BANC BANC OF CALIFORNIA INC | Financials | 1.2M | $21.4M | 1.7% | +22.8% |
| RIG TRANSOCEAN LTD | Energy | 3.2M | $21.0M | 1.6% | -16.1% |
| CSTM CONSTELLIUM SE | Industrials | 844.9K | $20.8M | 1.6% | +131.4% |
| DCOM DIME COMMERCIAL BANCSHARES I | Financials | 609.5K | $20.7M | 1.6% | +6.6% |
| ABCB AMERIS BANCORP | Financials | 263.0K | $20.6M | 1.6% | -2.9% |
| LGN LEGENCE CORP-CL A | Industrials | 356.3K | $20.2M | 1.6% | New |
| RXO RXO INC | Industrials | 1.3M | $19.7M | 1.5% | +40.4% |
| LGND LIGAND PHARMACEUTICALS | Healthcare | 95.5K | $19.1M | 1.5% | -3.4% |
| LUMN LUMEN TECHNOLOGIES INC | Communications | 2.7M | $18.9M | 1.5% | +13.9% |
| CALX CALIX INC | Communications | 378.6K | $18.6M | 1.4% | +49.6% |
| SSRM SSR MINING INC | Financials | 616.6K | $18.2M | 1.4% | New |
| AMTM AMENTUM HOLDINGS INC | Services media | 694.4K | $18.2M | 1.4% | -6.7% |
| GTES GATES INDUSTRIAL CORP PLC | Industrials | 799.3K | $18.1M | 1.4% | +22.2% |
| TGTX TG THERAPEUTICS INC | Healthcare | 542.0K | $18.0M | 1.4% | +0.7% |
| CE CELANESE CORP | Materials | 271.0K | $17.9M | 1.4% | New |
| OUST OUSTER INC | Industrials | 969.6K | $17.9M | 1.4% | +25.1% |
| NMRK NEWMARK GROUP INC-CLASS A | Real estate | 1.2M | $17.3M | 1.3% | +7.5% |
| PENN PENN ENTERTAINMENT INC | Services media | 1.1M | $16.8M | 1.3% | +25.1% |
| FBK FB FINANCIAL CORP | Financials | 319.6K | $16.6M | 1.3% | +16.5% |
| NOG NORTHERN OIL AND GAS INC | Energy | 560.6K | $16.4M | 1.3% | +13.3% |
| NXST NEXSTAR MEDIA GROUP INC | Communications | 90.0K | $16.3M | 1.3% | -13.2% |
| SSP EW SCRIPPS CO/THE-A | Communications | 4.4M | $16.2M | 1.3% | +32.8% |
| MOD MODINE MANUFACTURING CO | Industrials | 74.6K | $16.2M | 1.3% | -32.3% |
| RSI RUSH STREET INTERACTIVE INC | Services media | 742.9K | $16.2M | 1.3% | +0.6% |
| CHEF CHEFS' WAREHOUSE INC/THE | Consumer discretionary | 269.2K | $16.0M | 1.2% | +1.7% |
| SEI SOLARIS ENERGY INFRASTRUCTUR | Industrials | 280.7K | $15.9M | 1.2% | -2.7% |
| TCBI TEXAS CAPITAL BANCSHARES INC | Financials | 166.8K | $15.8M | 1.2% | -8.4% |
| CRC CALIFORNIA RESOURCES CORP | Energy | 228.3K | $15.8M | 1.2% | -13.1% |
| GTN GRAY MEDIA INC | Communications | 3.6M | $15.7M | 1.2% | +14.9% |
| ACMR ACM RESEARCH INC-CLASS A | Industrials | 397.8K | $15.7M | 1.2% | -8.7% |
| CPRI CAPRI HOLDINGS LTD | Other | 887.7K | $15.7M | 1.2% | +118.9% |
| RDNT RADNET INC | Healthcare | 276.8K | $15.5M | 1.2% | +0.9% |
| ATEC ALPHATEC HOLDINGS INC | Healthcare | 1.4M | $15.2M | 1.2% | +30.2% |
| GXO GXO LOGISTICS INC | Industrials | 291.7K | $15.2M | 1.2% | -5.7% |
| LTH LIFE TIME GROUP HOLDINGS INC | Services media | 560.0K | $15.1M | 1.2% | +8.8% |
| DY DYCOM INDUSTRIES INC | Industrials | 44.5K | $15.1M | 1.2% | -15.2% |
| BPOP POPULAR INC | Financials | 112.2K | $15.1M | 1.2% | -11.8% |
| AAOI APPLIED OPTOELECTRONICS INC | Technology | 176.5K | $14.9M | 1.2% | -60.4% |
| AMRX AMNEAL PHARMACEUTICALS INC | Healthcare | 1.2M | $14.9M | 1.2% | +19.4% |
| PRKS UNITED PARKS & RESORTS INC | Services media | 453.0K | $14.8M | 1.1% | +9.4% |
| KNSA KINIKSA PHARMACEUTICALS INTE | Healthcare | 302.0K | $14.6M | 1.1% | New |
| EZPW EZCORP INC-CL A | Consumer discretionary | 572.3K | $14.5M | 1.1% | +15.4% |
| LIND LINDBLAD EXPEDITIONS HOLDING | Industrials | 837.3K | $14.5M | 1.1% | -11.7% |
| HROW HARROW INC | Healthcare | 407.9K | $14.4M | 1.1% | +4.0% |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 7, 2026 | 172 | $1.29B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 9, 2026 | 165 | $1.25B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 24, 2025 | 170 | $1.30B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 157 | $1.16B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 14, 2025 | 161 | $1.03B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 143 | $1.02B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 146 | $1.09B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 13, 2024 | 144 | $1.05B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 144 | $1.13B | canonical | SEC ↗ |
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