Pennant Capital Reduces Position in These 3 Consumer Goods Stocks in Q3

Wall St. Watchdog reveals information regarding Pennant Capital Management’s top holdings in the Consumer Goods sector for the quarter ending September 30th, 2011. The firm held 3 stocks in the Consumer Goods sector at the end of the quarter with an aggregate market value of $373.593 million.

  • Sensata Technologies (NYSE:ST): On 06/30/2011, Pennant Capital Management reported holding 7,024,393 shares with a market value of $264,468,407. This comprised 5.7% of the total portfolio. On 09/30/2011, Pennant Capital Management reported holding 6,173,272 shares with a market value of $163,344,771. This comprised 4.05% of the total portfolio. The net change in shares for this position over the two quarters is -851,121. About Company: Sensata Technologies Holding N.V. develops, manufactures, and sells sensors and controls. The Company produces thermal circuit breakers for aircraft, pressure sensors in automotive systems, and bimetal current and temperature control devices in electric motors.
  • Coca-cola Enterprises Inc. (NYSE:CCE): On 06/30/2011, Pennant Capital Management reported holding 4,807,239 shares with a market value of $140,275,235. This comprised 3.02% of the total portfolio. On 09/30/2011, Pennant Capital Management reported holding 4,372,239 shares with a market value of $108,781,303. This comprised 2.7% of the total portfolio. The net change in shares for this position over the two quarters is -435,000. About Company: Coca-Cola Enterprises Inc. markets, sells, manufactures, and distributes non-alcoholic beverages. The Company provides refreshments, including sparkling waters, juices, isotonics, teas, and sodas. Coca-Cola Enterprises operates internationally.
  • General Motors Company Common Stock (NYSE:GM): On 06/30/2011, Pennant Capital Management reported holding 4,858,100 shares with a market value of $147,491,919. This comprised 3.18% of the total portfolio. On 09/30/2011, Pennant Capital Management reported holding 5,028,100 shares with a market value of $101,467,060. This comprised 2.52% of the total portfolio. The net change in shares for this position over the two quarters is 170,000. About Company: General Motors Co. manufactures and markets new cars and trucks. The Company offers features for special needs drivers, OnStar vehicle protection, service, parts, accessories, maintenance, XM satellite radio, features for commercial owners, and more. General Motors offers its vehicles and services 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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