Hedge Fund Activity: $674 Million in Capital Invested in These Companies

Wall St. Watchdog reveals information regarding Pennant Capital Management’s top holdings in the Industrial Goods sector for the quarter ending September 30th, 2011. The firm held 9 stocks in the Industrial Goods sector at the end of the quarter with an aggregate market value of $674.249 million.

  • Transdigm Group Incorporated (NYSE:TDG): On 06/30/2011, Pennant Capital Management reported holding 3,189,922 shares with a market value of $290,888,995. This comprised 6.27% of the total portfolio. On 09/30/2011, Pennant Capital Management reported holding 2,960,978 shares with a market value of $241,823,068. This comprised 6% of the total portfolio. The net change in shares for this position over the two quarters is -228,944. About Company: TransDigm Group, Inc., through subsidiaries, manufactures aircraft components. The Company produces ignition systems and components, gear pumps, mechanical/electromechanical actuators and controls, NiCad batteries/chargers, power conditioning devices, hold-open rods and locking devices, engineered connectors and latches, cockpit security devices, and AC/DC electric motors.
  • Nvr Inc. (NYSE:NVR): On 06/30/2011, Pennant Capital Management reported holding 176,506 shares with a market value of $128,051,569. This comprised 2.76% of the total portfolio. On 09/30/2011, Pennant Capital Management reported holding 216,306 shares with a market value of $130,644,494. This comprised 3.24% of the total portfolio. The net change in shares for this position over the two quarters is 39,800. About Company: NVR, Inc. builds and markets homes and conducts mortgage banking activities. The Company builds single-family detached homes, townhomes, and condominium buildings under the Ryan Homes, NVHomes, and other tradenames. NVR provides a number of mortgage related services to its homebuilding customers and to other customers through its mortgage banking operations.
  • Rockwell Collins Inc (NYSE:COL): On 06/30/2011, Pennant Capital Management reported holding 2,318,978 shares with a market value of $143,057,750. This comprised 3.08% of the total portfolio. On 09/30/2011, Pennant Capital Management reported holding 2,318,978 shares with a market value of $122,349,275. This comprised 3.03% of the total portfolio. The net change in shares for this position over the two quarters is 0. About Company: Rockwell Collins, Inc. designs, produces, markets, and supports electronic communications, avionics, and in-flight entertainment systems. The Company’s systems are used by commercial, military, and government customers located throughout the world.
  • Terex Corp. (NYSE:TEX): On 06/30/2011, Pennant Capital Management reported holding 4,815,300 shares with a market value of $136,995,289. This comprised 2.95% of the total portfolio. On 09/30/2011, Pennant Capital Management reported holding 8,305,300 shares with a market value of $85,212,380. This comprised 2.11% of the total portfolio. The net change in shares for this position over the two quarters is 3,490,000. About Company: Terex Corporation is a diversified global manufacturer. The Company’s products include heavy-duty off-road trucks and high-capacity surface mining trucks, as well as large hydraulic mining shovels. Terex also manufactures and sells telescopic mobile cranes, aerial work platforms, utility aerial devices, telescopic material handlers and truck mounted cranes, and related products.
  • The Babcock & Wilcox Company (NYSE:BWC): On 06/30/2011, Pennant Capital Management reported holding 1,036,139 shares with a market value of $28,711,411. This comprised 0.62% of the total portfolio. On 09/30/2011, Pennant Capital Management reported holding 1,936,139 shares with a market value of $37,851,516. This comprised 0.94% of the total portfolio. The net change in shares for this position over the two quarters is 900,000. About Company: Babcock & Wilcox Co. designs, engineers, manufactures and services boilers and other power equipment.
  • Middleby Corp. (NASDAQ:MIDD): On 06/30/2011, Pennant Capital Management reported holding 431,000 shares with a market value of $40,531,240. This comprised 0.87% of the total portfolio. On 09/30/2011, Pennant Capital Management reported holding 431,000 shares with a market value of $30,368,260. This comprised 0.75% of the total portfolio. The net change in shares for this position over the two quarters is 0. About Company: The Middleby Corporation designs, manufactures, markets, and services a broad line of equipment for use in cooking and preparing food. The Company’s products are used in commercial and institutional kitchens and restaurants throughout the world. Middleby’s brand names include Marshall, Southbend, and Toastmaster.
  • Fluor Corporation (NYSE:FLR): On 06/30/2011, Pennant Capital Management reported holding 300,000 shares with a market value of $19,398,001. This comprised 0.42% of the total portfolio. On 09/30/2011, Pennant Capital Management reported holding 399,700 shares with a market value of $18,606,035. This comprised 0.46% of the total portfolio. The net change in shares for this position over the two quarters is 99,700. About Company: Fluor Corporation is a professional services company. The Company provides engineering, procurement, construction and maintenance as well as project management services on a global basis. Fluor also provides outsourcing of maintenance services and asset operations, equipment rental and sales, business support services, and other services.
  • Foster Wheeler Ag (NASDAQ:FWLT): On 06/30/2011, Pennant Capital Management reported holding 460,000 shares with a market value of $13,974,800. This comprised 0.3% of the total portfolio. On 09/30/2011, Pennant Capital Management reported holding 415,000 shares with a market value of $7,382,850. This comprised 0.18% of the total portfolio. The net change in shares for this position over the two quarters is -45,000. About Company: Foster Wheeler AG provides design, engineering, construction, manufacturing, project development and management, research, plant operations, and environmental services. The Company serves the petrochemical, petroleum and gas, pharmaceutical, chemical processing, and other industries. Foster Wheeler’s products include fired heaters and steam generating units.
  • Rockwell Collins Inc (NYSE:COL): On 06/30/2011, Pennant Capital Management reported holding 0 shares. On 09/30/2011, Pennant Capital Management reported holding 201,500 shares with a market value of $10,631. This comprised 0% of the total portfolio. The net change in shares for this position over the two quarters is 201,500. About Company: Rockwell Collins, Inc. designs, produces, markets, and supports electronic communications, avionics, and in-flight entertainment systems. The Company’s systems are used by commercial, military, and government customers located throughout the world.

(Note: Data regarding Pennant Capital Management’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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