This article first appeared on GuruFocus.

Insights from the Pennant Family Office's Latest 13F Filing

Alan Fournier (Trades, Portfolio), the founder of Pennant Capital Management and a former partner at Appaloosa Management, recently submitted his 13F filing for the second quarter of 2026. Known for his unconventional pathhe famously never took a finance or accounting courseFournier transitioned his firm to a family office in 2018 after returning client capital. His investment philosophy blends growth and value qualities, employing a long/short approach with hedging, leverage, and options. This quarter, his most decisive action was the complete liquidation of Core Scientific Inc (NASDAQ:CORZ), a move that had a -4.6% impact on his portfolio.

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Summary of New Buy

Alan Fournier (Trades, Portfolio) added total of 1 stocks, among them:

• The most significant addition was Versigent PLC (NYSE:VGNT), with 300,378 shares, accounting for 3.77% of the portfolio and a total value of $12.62 million.

Key Position Increases

Alan Fournier (Trades, Portfolio) also increased stakes in total of 3 stocks, among them:

• The most notable increase was Amazon.com Inc (NASDAQ:AMZN), with an additional 45,000 shares, bringing the total to 162,000 shares. This adjustment represents a significant 38.46% increase in share count, a 3.2% impact on the current portfolio, and a total value of $38.61 million.

• The second largest increase was Flowserve Corp (NYSE:FLS), with an additional 75,000 shares, bringing the total to 210,000. This adjustment represents a significant 55.56% increase in share count and a total value of $15.57 million.

Summary of Sold Out

Alan Fournier (Trades, Portfolio) completely exited 2 of the holdings in the second quarter of 2026, as detailed below:

• Core Scientific Inc (NASDAQ:CORZ): Alan Fournier (Trades, Portfolio) sold all 1,110,000 shares, resulting in a -4.6% impact on the portfolio.

• CCC Intelligent Solutions Holdings Inc (NASDAQ:CCC): Alan Fournier (Trades, Portfolio) liquidated all 2,420,086 shares, causing a -4.02% impact on the portfolio.

Key Position Reduces

Alan Fournier (Trades, Portfolio) also reduced positions in 6 stocks. The most significant changes include:

• Reduced Vertiv Holdings Co (NYSE:VRT) by 55,000 shares, resulting in a -50.46% decrease in shares and a -3.82% impact on the portfolio. The stock traded at an average price of $316.10 during the quarter and has returned -21.88% over the past 3 months and 81.45% year-to-date.

• Reduced EchoStar Corp (NASDAQ:ECHO) by 103,540 shares, resulting in a -27.58% reduction in shares and a -3.36% impact on the portfolio. The stock traded at an average price of $122.15 during the quarter and has returned -31.99% over the past 3 months and -15.46% year-to-date.