13F-HR 1 d937986_13f-hr.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F Cover Page Report for the Calendar Year or Quarter Ended September 30, 2008 Check here if Amendment: |_|; Amendment Number: ____ This Amendment (Check only one): |_| is a restatement |_| adds new holding entries. Institutional Manager Filing this Report: Name: Pennant Capital Management, LLC Address: 26 Main Street Chatham, New Jersey 07928 13F File Number: 028-10370 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Name: Alan Fournier Title: Managing Member Phone: (973) 701-1100 Signature, Place and Date of Signing: /s/ Alan Fournier Chatham, New Jersey November 14, 2008 ----------------------- -------------------------- ---------------------- [Signature] [City, State] [Date] Report Type: (Check only one): [X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report). [_] 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting managers(s).) [_] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: NONE Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 5 Form 13F Information Table Entry Total: 62 Form 13F Information Table Value Total: $1,645,791 (thousands) List of Other Included Managers: No. Form 13F File Number Name 1. 028-10536 Pennant Offshore Partners, Ltd. 2. 028-10768 Pennant Onshore Qualified, LP 3. 028-10746 Pennant General Partner, LLC 4. 028-11666 Pennant Windward Fund, L.P. 5. 028-11665 Pennant Windward Fund, Ltd. FORM 13F INFORMATION TABLE September 30, 2008

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COL 7 COLUMN 8 VALUE SHRS OR SH/ PUT/ INVSTMNT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x1000) PRN AMT PRN CALL DISCRETN MNGRS SOLE SHARED NONE -------------- -------------- ----- ------- ------- --- ---- -------- ----- ---- ------ ---- ABERCROMBIE & FITCH CO CL A 002896207 1,775 45,000 SH Defined 1,2,3,4,5 45,000 ADOBE SYS INC COM 00724F101 50,632 1,282,800 SH Defined 1,2,3,4,5 1,282,800 ALLIANCE HOLDINGS GP LP COM UNITS LP 01861G100 6,806 339,800 SH Defined 1,2,3 339,800 ALLIANCE RES PARTNER L P UT LTD PART 01877R108 10,212 324,000 SH Defined 1,2,3 324,000 ALPHA NATURAL RESOURCES INC COM 02076X102 13,886 270,000 SH Defined 1,2,3,4,5 270,000 AMERICAN EAGLE OUTFITTERS NE COM 02553E106 44,246 2,901,360 SH Defined 1,2,3,4,5 2,901,360 AMERICAN EXPRESS CO COM 025816109 42,959 1,212,490 SH Defined 1,2,3,4,5 1,212,490 APPLIED MATLS INC COM 038222105 41,453 2,739,780 SH Defined 1,2,3,4,5 2,739,780 BROADCOM CORP CL A 111320107 2,795 150,000 SH Defined 1,2,3,4,5 150,000 CF INDS HLDGS INC COM 125269100 79,884 873,430 SH Defined 1,2,3,4,5 873,430 CVR ENERGY INC COM 12662P108 6,901 810,000 SH Defined 1,2,3 810,000 CHESAPEAKE ENERGY CORP COM 165167107 3,586 100,000 SH Defined 1,2,3,4,5 100,000 CHIPMOS TECH BERMUDA LTD SHS G2110R106 3,350 1,970,846 SH Defined 1,2,3 1,970,846 CISCO SYS INC COM 17275R102 36,671 1,625,500 SH Defined 1,2,3,4,5 1,625,500 COMCAST CORP NEW CL A 20030N101 13,741 700,000 SH Defined 1,2,3,4,5 700,000 CREDIT ACCEP CORP MICH COM 225310101 275 16,172 SH Defined 3 16,172 DAVITA INC COM 23918K108 90,143 1,581,171 SH Defined 1,2,3,4,5 1,581,171 DANA HOLDING CORP COM 235825205 5,601 1,157,300 SH Defined 1,2,3 1,157,300 DELTA AIR LINES INC DEL COM NEW 247361702 7,450 1,000,000 SH Defined 1,2,3,4,5 1,000,000 DYAX CORP COM 26746E103 7,359 1,672,392 SH Defined 1,2,3 1,672,392 E M C CORP MASS COM 268648102 39,797 3,327,500 SH Defined 1,2,3,4,5 3,327,500 ECHOSTAR CORP CL A 278768106 28,452 1,180,600 SH Defined 1,2,3,4,5 1,180,600 FIDELITY NATIONAL FINANCIAL CL A 31620R105 61,999 4,217,588 SH Defined 1,2,3,4,5 4,217,588 FIDELITY NATL INFORMATION SV COM 31620M106 27,328 1,480,400 SH Defined 1,2,3,4,5 1,480,400 FOSTER WHEELER LTD SHS NEW G36535139 2,817 78,000 SH Defined 1,2,3,4,5 78,000 GENESCO INC COM 371532102 17,872 533,806 SH Defined 1,2,3,4,5 533,806 GENENTECH INC COM NEW 368710406 5,321 60,000 SH Defined 1,2,3,4,5 60,000 GREENLIGHT CAPITAL RE LTD CLASS A G4095J109 2,816 122,500 SH Defined 3 122,500 GRIFFON CORP COM 398433102 12,843 1,423,820 SH Defined 1,2,3 1,423,820 HARMAN INTL INDS INC COM 413086109 68,682 2,015,900 SH Defined 1,2,3,4,5 2,015,900 ICO INC NEW COM 449293109 1,011 180,200 SH Defined 3 180,200 LENDER PROCESSING SVCS INC COM 52602E102 23,354 765,199 SH Defined 1,2,3,4,5 765,199 LIGAND PHARMACEUTICALS INC CL B 53220K207 10,675 3,618,710 SH Defined 1,2,3,4,5 3,618,710 LIMITED BRANDS INC COM 532716107 18,659 1,077,314 SH Defined 1,2,3,4,5 1,077,314 MACYS INC COM 55616P104 1,708 95,000 SH Defined 1,2,3,4,5 95,000 MARATHON OIL CORP COM 565849106 19,935 500,000 SH Defined 1,2,3,4,5 500,000 MERCK & CO INC COM 589331107 5,050 160,000 SH Defined 1,2,3,4,5 160,000 METAVANTE TECHNOLOGIES INC COM 591407101 26,127 1,356,541 SH Defined 1,2,3,4,5 1,356,541 MICROSOFT CORP COM 594918104 43,544 1,631,480 SH Defined 1,2,3,4,5 1,631,480 MIDDLEBROOK PHARMACEUTICAL I COM 596087106 2,310 1,540,000 SH Defined 3 1,540,000 MOODYS CORP COM 615369105 56,413 1,659,200 SH Defined 1,2,3,4,5 1,659,200 NRG ENERGY INC COM NEW 629377508 42,783 1,728,600 SH Defined 1,2,3,4,5 1,728,600 NOKIA CORP SPONSORED ADR 654902204 2,980 159,800 SH Defined 1,2,3,4,5 159,800 ORACLE CORP COM 68389X105 28,225 1,389,690 SH Defined 1,2,3,4,5 1,389,690 PHH CORP COM NEW 693320202 71,861 5,407,141 SH Defined 1,2,3,4,5 5,407,141 PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 50,891 1,360,000 SH Defined 1,2,3,4,5 1,360,000 PFIZER INC COM 717081103 2,213 120,000 SH Defined 1,2,3,4,5 120,000 QUEST DIAGNOSTICS INC COM 74834L100 2,542 49,200 SH Defined 1,2,3,4,5 49,200 SAIC INC COM 78390X101 31,295 1,546,938 SH Defined 1,2,3,4,5 1,546,938 SLM CORP COM 78442P106 32,717 2,651,300 SH Defined 1,2,3,4,5 2,651,300 SANFILIPPO JOHN B & SON INC COM 800422107 4,739 577,900 SH Defined 1,2,3 577,900 SAVIENT PHARMACEUTICALS INC COM 80517Q100 23,269 1,560,600 SH Defined 1,2,3,4,5 1,560,600 TAKE-TWO INTERACTIVE SOFTWAR COM 874054109 13,184 803,900 SH Defined 1,2,3,4,5 803,900 TENET HEALTHCARE CORP COM 88033G100 58,884 10,609,690 SH Defined 1,2,3,4,5 10,609,690 THOR INDS INC COM 885160101 12,522 504,500 SH Defined 1,2,3,4,5 504,500 TRANSDIGM GROUP INC COM 893641100 79,520 2,323,100 SH Defined 1,2,3,4,5 2,323,100 UNION PAC CORP COM 907818108 61,098 858,604 SH Defined 1,2,3,4,5 858,604 WALTER INDS INC COM 93317Q105 74,252 1,564,850 SH Defined 1,2,3,4,5 1,564,850 WELLPOINT INC COM 94973V107 78,728 1,683,300 SH Defined 1,2,3,4,5 1,683,300 WOODBRIDGE HOLDINGS CORP CL A 978842102 10,281 3,658,589 SH Defined 1,2,3,4,5 3,658,589 CITIGROUP INC COM 172967101 10,255 500,000 PUT Defined 1,2,3,4,5 500,000 WALTER INDS INC COM 93317Q105 7,118 150,000 CALL Defined 1,2,3,4,5 150,000

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