Pennant Capital 13F Share Position Changes: EXPE, FIS, DG, ANF, FDO, UNP, WCC

Wall St. Watchdog reveals information regarding Pennant Capital Management’s top holdings in the Services sector for the quarter ending September 30th, 2011. The firm held 7 stocks in the Services sector at the end of the quarter with an aggregate market value of $1.041 billion.

  • Expedia Inc. (NASDAQ:EXPE): On 06/30/2011, Pennant Capital Management reported holding 5,546,200 shares with a market value of $160,784,337. This comprised 3.47% of the total portfolio. On 09/30/2011, Pennant Capital Management reported holding 7,838,700 shares with a market value of $201,846,525. This comprised 5.01% of the total portfolio. The net change in shares for this position over the two quarters is 2,292,500. About Company: Expedia, Inc. provides branded online travel services for leisure and small business travelers. The Company offers a wide range of travel shopping and reservation services, providing real-time access to schedule, pricing and availability information for airlines, hotels, and car rental companies.
  • Fidelity National Information Services Inc. (NYSE:FIS): On 06/30/2011, Pennant Capital Management reported holding 7,340,348 shares with a market value of $226,009,322. This comprised 4.87% of the total portfolio. On 09/30/2011, Pennant Capital Management reported holding 7,925,348 shares with a market value of $192,744,461. This comprised 4.78% of the total portfolio. The net change in shares for this position over the two quarters is 585,000. About Company: Fidelity National Information Services, Inc. is a payment services provider. The Company provides credit and debit card processing, electronic banking services, check risk management, check cashing, and merchant card processing services to financial institutions and merchants.
  • Dollar General Corporation (NYSE:DG): On 06/30/2011, Pennant Capital Management reported holding 3,363,100 shares with a market value of $113,975,457. This comprised 2.46% of the total portfolio. On 09/30/2011, Pennant Capital Management reported holding 4,618,100 shares with a market value of $174,379,448. This comprised 4.32% of the total portfolio. The net change in shares for this position over the two quarters is 1,255,000. About Company: Dollar General Corp. operates a chain of discount retail stores located primarily in the southern, southwestern, midwestern and eastern United States. The Company offer a broad selection of merchandise, including consumable products such as food, paper and cleaning products, health and beauty products and pet supplies, and non-consumable products such as seasonal merchandise.
  • Abercrombie & Fitch Co. (NYSE:ANF): On 06/30/2011, Pennant Capital Management reported holding 2,977,800 shares with a market value of $199,274,371. This comprised 4.29% of the total portfolio. On 09/30/2011, Pennant Capital Management reported holding 2,767,800 shares with a market value of $170,385,772. This comprised 4.23% of the total portfolio. The net change in shares for this position over the two quarters is -210,000. About Company: Abercrombie & Fitch Co. is a specialty retailer that operates stores selling casual apparel, such as knit shirts, graphic t-shirts, jeans, woven shirts and personal care and other accessories for men, women and kids. The Company operates stores in the United States and Canada as well as retails its products over the Internet.
  • Family Dollar Stores Inc. (NYSE:FDO): On 06/30/2011, Pennant Capital Management reported holding 0 shares. On 09/30/2011, Pennant Capital Management reported holding 2,460,931 shares with a market value of $125,162,952. This comprised 3.1% of the total portfolio. The net change in shares for this position over the two quarters is 2,460,931. About Company: Family Dollar Stores, Inc. is a national discount store chain. The Company operates stores located throughout the United States that offer merchandise that includes consumables, home products, apparel and accessories, seasonal and electronics.
  • Union Pacific Corporation (NYSE:UNP): On 06/30/2011, Pennant Capital Management reported holding 1,351,234 shares with a market value of $141,068,832. This comprised 3.04% of the total portfolio. On 09/30/2011, Pennant Capital Management reported holding 1,301,234 shares with a market value of $106,271,778. This comprised 2.64% of the total portfolio. The net change in shares for this position over the two quarters is -50,000. About Company: Union Pacific Corporation is a rail transportation company. The Company’s railroad hauls a variety of goods, including agricultural, automotive, and chemical products. Union Pacific offersslong-haul routes from all major West Coast and Gulf Coast ports to eastern gateways as well as connects with Canada’s rail systems and serves the major gateways to Mexico.
  • Wesco International Inc. (NYSE:WCC): On 06/30/2011, Pennant Capital Management reported holding 1,667,000 shares with a market value of $90,168,030. This comprised 1.94% of the total portfolio. On 09/30/2011, Pennant Capital Management reported holding 2,087,000 shares with a market value of $70,018,848. This comprised 1.74% of the total portfolio. The net change in shares for this position over the two quarters is 420,000. About Company: WESCO International, Inc. distributes electrical products and other industrial maintenance, repair, and operating supplies. The Company also provides integrated supply services. WESCO operates branches and distribution centers in the United States, Canada, Puerto Rico, Guam, Mexico, the United Kingdom, and Singapore, which serve customers worldwide.

(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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