Pennant Capital’s $557 Million Invested in Tech Stocks: QCOM, AAPL, ADBE, GOOG, S, ARX, BRCM

Wall St. Watchdog reveals information regarding Pennant Capital Management’s top holdings in the Technology sector for the quarter ending September 30th, 2011. The firm held 8 stocks in the Technology sector at the end of the quarter with an aggregate market value of $557.808 million.

  • Qualcomm Incorporated (NASDAQ:QCOM): On 06/30/2011, Pennant Capital Management reported holding 4,444,295 shares with a market value of $252,391,517. This comprised 5.44% of the total portfolio. On 09/30/2011, Pennant Capital Management reported holding 4,379,295 shares with a market value of $212,965,121. This comprised 5.28% of the total portfolio. The net change in shares for this position over the two quarters is -65,000. About Company: QUALCOMM, Inc. develops and manufactures digital wireless communications equipment. The Company licenses its Code Division Multiple Access (CDMA) intellectual property to other companies, and produces CDMA-based integrated circuits; equipment and software used to track workers and assets; software for wireless content enablement; and offers services to deliver multimedia content.
  • Apple Inc. (NASDAQ:AAPL): On 06/30/2011, Pennant Capital Management reported holding 317,000 shares with a market value of $106,407,394. This comprised 2.29% of the total portfolio. On 09/30/2011, Pennant Capital Management reported holding 370,000 shares with a market value of $141,088,403. This comprised 3.5% of the total portfolio. The net change in shares for this position over the two quarters is 53,000. About Company: Apple Inc. designs, manufactures, and markets personal computers and related personal computing and mobile communication devices along with a variety of related software, services, peripherals, and networking solutions. The Company sells its products worldwide through its online stores, its retail stores, its direct sales force, third-party wholesalers, and resellers.
  • Adobe Systems Inc. (NASDAQ:ADBE): On 06/30/2011, Pennant Capital Management reported holding 5,637,454 shares with a market value of $177,297,933. This comprised 3.82% of the total portfolio. On 09/30/2011, Pennant Capital Management reported holding 3,387,454 shares with a market value of $81,874,763. This comprised 2.03% of the total portfolio. The net change in shares for this position over the two quarters is -2,250,000. About Company: Adobe Systems Incorporated develops, markets, and supports computer software products and technologies. The Company’s products allow users to express and use information across all print and electronic media. Adobe offers a line of application software products, type products, and content for creating, distributing, and managing information.
  • Google Inc. (NASDAQ:GOOG): On 06/30/2011, Pennant Capital Management reported holding 0 shares. On 09/30/2011, Pennant Capital Management reported holding 122,500 shares with a market value of $63,092,397. This comprised 1.56% of the total portfolio. The net change in shares for this position over the two quarters is 122,500. About Company: Google Inc. is a global technology company that provides a web based search engine through its website. The Company offers a wide range of search options, including web, image, groups, directory, and news searches.
  • Sprint Nextel Corp. (NYSE:S): On 06/30/2011, Pennant Capital Management reported holding 0 shares. On 09/30/2011, Pennant Capital Management reported holding 10,200,000 shares with a market value of $31,008,000. This comprised 0.77% of the total portfolio. The net change in shares for this position over the two quarters is 10,200,000. About Company: Sprint Nextel Corporation offers a range of wireless and wireline communications services to consumer, business, and government customers. The Company develops, engineers, and deploys various technologies, including two wireless networks offering mobile data services, instant national and international push-to-talk capabilities, and a global Tier 1 Internet backbone.
  • Aeroflex Holding Corp. Common Stock $0.01 Par Value (NYSE:ARX): On 06/30/2011, Pennant Capital Management reported holding 761,171 shares with a market value of $13,815,253. This comprised 0.3% of the total portfolio. On 09/30/2011, Pennant Capital Management reported holding 1,587,001 shares with a market value of $14,441,710. This comprised 0.36% of the total portfolio. The net change in shares for this position over the two quarters is 825,830. About Company: Aeroflex Holding Corporation designs and manufactures radio frequency and microwave integrated circuits. The circuits are used in the production of wireless communications equipment for the space, avionics, defense, commercial wireless communications, medical and other markets.
  • Broadcom Corp. (NASDAQ:BRCM): On 06/30/2011, Pennant Capital Management reported holding 360,000 shares with a market value of $12,110,400. This comprised 0.26% of the total portfolio. On 09/30/2011, Pennant Capital Management reported holding 360,000 shares with a market value of $11,984,400. This comprised 0.3% of the total portfolio. The net change in shares for this position over the two quarters is 0. About Company: Broadcom Corporation provides integrated silicon solutions that enable broadband digital data transmission of voice, data, and video content to the home and within the business enterprise. The Company designs, develops, and supplies integrated circuits for cable set-top boxes, cable modems, high-speed networking, direct satellite and digital broadcast, and digital subscriber line.
  • Aviat Networks Inc. (NASDAQ:AVNW): On 06/30/2011, Pennant Capital Management reported holding 575,687 shares with a market value of $2,268,207. This comprised 0.05% of the total portfolio. On 09/30/2011, Pennant Capital Management reported holding 575,687 shares with a market value of $1,352,864. This comprised 0.03% of the total portfolio. The net change in shares for this position over the two quarters is 0. About Company: Aviat Networks Inc. provides IP solutions to wireless public and private telecommunication operators. The Company focuses on IP network migration, building the foundation for 4G/LTE broadband, and enabling wireless transformation.

(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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