TransDigm Group Incorporated (TDG), Priceline Group Inc (PCLN), Constellation Brands, Inc. (STZ): Top 3 Holdings of Pennant Capital Management LLC

TransDigm Group Incorporated TDG

Pennant Capital Management LLC is a hedge fund that was founded in 2001 with the aim of providing highest quality investment services in order to increase and protect the investment of clients. The firm manages diversified, short term investments that maximize returns for clients without compromising the safety of the investments. According to the SEC 13F filings of Pennant Capital Management LLC for the period ended September 30, 2014, TransDigm Group Incorporated (NYSE:TDG), Priceline Group Inc (NASDAQ:PCLN), and Constellation Brands, Inc. (NYSE:STZ) were its top investments.

TransDigm Group Incorporated (NYSE:TDG) was on top of the list of Pennant Capital Management LLC investments with a total of $394.14 million in investment value. TransDigm Group Incorporated (NYSE:TDG) is a company that develops, manufactures and supplies high quality aerospace components for commercial and military use. Tiger Global Management LLC was the hedge fund with the highest number of shares in the company with 2.55 million shares. This was followed by Pennant Capital Management with 2.14 million shares. (You can see complete list of hedge funds which hold positions on TransDigm Group Incorporated (NYSE:TDG) at the end of third quarter.)

TransDigm Group Incorporated TDG

The second largest investment of the firm was Priceline Group Inc (NASDAQ:PCLN), which had investment totaling to $272.08 million in value. Priceline Group Inc (NASDAQ:PCLN) is a company that runs a website meant to help users identify and purchase discounted travel services and make related bookings. The company has recently received an “A” rating from Morningstar, citing that the company is at law default risk.

Constellation Brands, Inc. (NYSE:STZ) came out as the third largest investment of Pennant Capital Management LLC with investment worth $264.06 million. Constellation Brands, Inc. (NYSE:STZ) is an internationally reputed producer and marketer of wine, beer, and spirits. The company’s second quarter 2014 results indicated increase in revenue, although it didn’t meet the consensus estimates. Constellation Brands, Inc. (NYSE:STZ) has however been registering consistent growth, something expected to give it an excellent performance in the third quarter.

This article has been written by Victor Ochieng.

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