Top Capital Manager’s Biggest Basic Materials Stock Picks

Wall St. Watchdog reveals information regarding Pennant Capital Management’s top holdings in the Basic Materials sector for the quarter ending September 30th, 2011. The firm held 8 stocks in the Basic Materials sector at the end of the quarter with an aggregate market value of $248.268 million.

  • Range Resources Corporation (NYSE:RRC): On 06/30/2011, Pennant Capital Management reported holding 1,760,000 shares with a market value of $97,680,000. This comprised 2.11% of the total portfolio. On 09/30/2011, Pennant Capital Management reported holding 1,760,000 shares with a market value of $102,889,598. This comprised 2.55% of the total portfolio. The net change in shares for this position over the two quarters is 0. About Company: Range Resources Corporation is an independent oil and gas company that explore, develops, and acquires oil and gas properties. The Company conducts operations primarily in the Southwestern, Appalachian and Gulf Coast regions of the United States.
  • Cf Industries Holdings Inc. (NYSE:CF): On 06/30/2011, Pennant Capital Management reported holding 624,382 shares with a market value of $88,456,197. This comprised 1.91% of the total portfolio. On 09/30/2011, Pennant Capital Management reported holding 439,882 shares with a market value of $54,277,040. This comprised 1.35% of the total portfolio. The net change in shares for this position over the two quarters is -184,500. About Company: CF Industries Holdings, Inc. manufactures and distributes nitrogen and phosphate fertilizer products in North America. The Company’s principal products in the nitrogen segment are ammonia, urea and urea ammonium nitrate solution and its principal products in the phosphate segment are diammonium phosphate, monoammonium phosphate, and granular muriate of potash.
  • Cvr Energy Inc. (NYSE:CVI): On 06/30/2011, Pennant Capital Management reported holding 0 shares. On 09/30/2011, Pennant Capital Management reported holding 1,400,000 shares with a market value of $29,595,999. This comprised 0.73% of the total portfolio. The net change in shares for this position over the two quarters is 1,400,000. About Company: CVR Energy, Inc. is an independent refiner and marketer of transportation fuels. The Company, also through a limited partnership produces ammonia and urea ammonia nitrate, or UAN, fertilizers.
  • Valero Energy Corp. (NYSE:VLO): On 06/30/2011, Pennant Capital Management reported holding 1,000,000 shares with a market value of $25,570,000. This comprised 0.55% of the total portfolio. On 09/30/2011, Pennant Capital Management reported holding 1,070,000 shares with a market value of $19,024,601. This comprised 0.47% of the total portfolio. The net change in shares for this position over the two quarters is 70,000. About Company: Valero Energy Corporation is an independent petroleum refining and marketing company that owns and operates refineries in the United States, Canada, and Aruba. The Company produces conventional gasolines, distillates, jet fuel, asphalt, petrochemicals, lubricants, and other refined products as well as diesel fuel, low-sulfur and ultra-low-sulfur diesel fuel, and oxygenates.
  • Universal Stainless & Alloy Products Inc. (NASDAQ:USAP): On 06/30/2011, Pennant Capital Management reported holding 538,400 shares with a market value of $25,175,583. This comprised 0.54% of the total portfolio. On 09/30/2011, Pennant Capital Management reported holding 682,570 shares with a market value of $17,350,929. This comprised 0.43% of the total portfolio. The net change in shares for this position over the two quarters is 144,170. About Company: Universal Stainless & Alloy Products, Inc. manufactures and markets semifinished and finished specialty steel products, including stainless steel, tool steel, and certain other alloyed steels. The Company’s products are sold to re-rollers, forgers, service centers, and original equipment manufacturers. Universal also provides conversion services on materials supplied by customers.
  • Western Refining Inc. (NYSE:WNR): On 06/30/2011, Pennant Capital Management reported holding 0 shares. On 09/30/2011, Pennant Capital Management reported holding 1,300,000 shares with a market value of $16,198,000. This comprised 0.4% of the total portfolio. The net change in shares for this position over the two quarters is 1,300,000. About Company: Western Refining, Inc., through a subsidiary, refines crude oil and markets petroleum products. The subsidiary primarily produces gasoline, diesel, and jet fuel. The products are marketed in Arizona, New Mexico and Texas in the United States, and Juarez, Mexico.
  • Calumet Specialty Products Partners Lp (NASDAQ:CLMT): On 06/30/2011, Pennant Capital Management reported holding 0 shares. On 09/30/2011, Pennant Capital Management reported holding 293,754 shares with a market value of $4,976,193. This comprised 0.12% of the total portfolio. The net change in shares for this position over the two quarters is 293,754. About Company: Calumet Specialty Products Partners, L.P. produces specialty hydrocarbon products for domestic and international customers. The Company processes crude oil into a variety of customized lubricating oils, solvents, and waxes. Calumet also processes crude oil into a variety of fuel and fuel-related products, including unleaded gasoline, diesel fuel, and jet fuel.
  • Kronos Worldwide Inc. (NYSE:KRO): On 06/30/2011, Pennant Capital Management reported holding 246,000 shares with a market value of $7,736,700. This comprised 0.17% of the total portfolio. On 09/30/2011, Pennant Capital Management reported holding 246,000 shares with a market value of $3,955,680. This comprised 0.1% of the total portfolio. The net change in shares for this position over the two quarters is 0. About Company: Kronos Worldwide, Inc. produces titanium dioxide pigments. The Company’s products are used to whiten, brighten, and add opacity to thousands of commonly used products, such as paints, plastics, inks, and cosmetics.

(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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