13F-HR 1 d1167462_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 December 31, 2010 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 February 15, 2011 ----------------------- -------------------------- ---------------------- [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: 48 Form 13F Information Table Value Total: 3,815,970 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. No. Form 13F File Number Name 1. 028-13560 Pennant Master Fund, L.P. 2. 028-13561 Pennant Windward Master Fund, L.P. 3. 028-13288 Broadway Gate Master Fund, Ltd. 4. 028-10746 Pennant General Partner, LLC 5. 028-13339 Pennant Spinnaker Fund, L.P. FORM 13F INFORMATION TABLE Pennant Capital Management, LLC December 31, 2010

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MGRS SOLE SHARED NONE ABERCROMBIE & FITCH CO CL A 002896207 193,253 3,353,337 SH DEFINED 1,2,4 3,353,337 ADOBE SYS INC COM 00724F101 162,594 5,282,454 SH DEFINED 1,2,3,4 5,282,454 AEROFLEX HLDG CORP COM 007767106 11,603 705,370 SH DEFINED 1,4 705,370 AMGEN INC COM 031162100 23,607 430,000 SH DEFINED 1,2,4 430,000 APPLE INC COM 037833100 39,352 122,000 SH DEFINED 1,2,4 122,000 ATLAS ENERGY INC COM 049298102 57,196 1,300,794 SH DEFINED 1,2,4 1,300,794 AVIAT NETWORKS INC COM 05366Y102 2,919 575,687 SH DEFINED 1,4 575,687 BABCOCK & WILCOX CO NEW COM 05615F102 26,515 1,036,139 SH DEFINED 1,2,4 1,036,139 CF INDS HLDGS INC COM 125269100 73,844 546,382 SH DEFINED 1,2,4 546,382 CVS CAREMARK CORPORATION COM 126650100 55,628 1,599,871 SH DEFINED 1,2,4 1,599,871 CELGENE CORP COM 151020104 24,839 420,000 SH DEFINED 1,2,4 420,000 CISCO SYS INC COM 17275R102 128,507 6,352,294 SH DEFINED 2,3,4 6,352,294 CITIGROUP INC COM 172967101 97,225 20,555,000 SH DEFINED 1,2,3,4 20,555,000 COCA COLA ENTERPRISES INC NE COM 19122T109 99,425 3,972,239 SH DEFINED 1,2,3,4 3,972,239 DAVITA INC COM 23918K108 191,726 2,759,038 SH DEFINED 1,2,3,4 2,759,038 DYAX CORP COM 26746E103 7,014 3,247,393 SH DEFINED 1,4 3,247,393 FIDELITY NATL INFORMATION SV COM 31620M106 206,527 7,540,223 SH DEFINED 1,2,3,4 7,540,223 FOSTER WHEELER AG COM H27178104 20,367 590,000 SH DEFINED 1,2,4 590,000 GENERAL MTRS CO COM 37045V100 96,503 2,618,100 SH DEFINED 1,2,4 2,618,100 HOLOGIC INC COM 436440101 124,999 6,641,813 SH DEFINED 1,2,4 6,641,813 KRONOS WORLDWIDE INC COM 50105F105 6,161 145,000 SH DEFINED 1,4 145,000 LIGAND PHARMACEUTICALS INC CL B 53220K207 1,385 155,311 SH DEFINED 1,2,4 155,311 MCDERMOTT INTL INC COM 580037109 21,648 1,046,279 SH DEFINED 1,2,4 1,046,279 MIDDLEBY CORP COM 596278101 22,371 265,000 SH DEFINED 3,4 265,000 OLD REP INTL CORP COM 680223104 116,683 8,560,776 SH DEFINED 1,2,4 8,560,776 OMNICOM GROUP INC COM 681919106 26,793 585,000 SH DEFINED 3,4 585,000 PHH CORP COM NEW 693320202 127,571 5,510,629 SH DEFINED 1,2,3,4 5,510,629 PETROLEO BRASILEIRO SA PETRO SP ADR NON VTG 71654V101 14,693 430,000 SH DEFINED 1,2,4 430,000 PFIZER INC COM 717081103 108,970 6,223,329 SH DEFINED 1,2,4 6,223,329 QUALCOMM INC COM 747525103 210,348 4,250,323 SH DEFINED 1,2,3,4 4,250,323 QUEST DIAGNOSTICS INC COM 74834L100 27,168 503,400 SH DEFINED 1,2,4 503,400 ROCKWELL COLLINS INC COM 774341101 110,634 1,898,978 SH DEFINED 1,2,4 1,898,978 SEAHAWK DRILLING INC COM 81201r107 4,330 483,769 SH DEFINED 1,4 483,769 SENSATA TECHNOLOGIES HLDG BV SHS N7902X106 133,605 4,437,246 SH DEFINED 1,2,3,4 4,437,246 SYMETRA FINL CORP COM 87151Q106 11,470 837,235 SH DEFINED 1,4 837,235 TEREX CORP NEW COM 880779103 83,817 2,700,300 SH DEFINED 1,2,3,4 2,700,300 TRANSDIGM GROUP INC COM 893641100 241,455 3,353,072 SH DEFINED 1,2,3,4 3,353,072 UNION PAC CORP COM 907818108 111,306 1,201,234 SH DEFINED 1,2,3,4 1,201,234 UNITEDHEALTH GROUP INC COM 91324P102 129,325 3,581,419 SH DEFINED 1,2,3,4 3,581,419 UNIVERSAL AMERICAN CORP COM 913377107 8,896 435,000 SH DEFINED 1,4 435,000 VALERO ENERGY CORP NEW COM 91913Y100 23,582 1,020,000 SH DEFINED 1,2,4 1,020,000 VARIAN MED SYS INC COM 92220P105 16,627 240,000 SH DEFINED 3,4 240,000 WALTER ENERGY INC COM 93317Q105 71,431 558,752 SH DEFINED 1,2,4 558,752 WELLPOINT INC COM 94973V107 180,980 3,182,911 SH DEFINED 1,2,3,4 3,182,911 WELLS FARGO & CO NEW COM 949746101 106,606 3,440,000 SH DEFINED 1,2,3,4 3,440,000 WESCO INTL INC COM 95082P105 32,472 615,000 SH DEFINED 3,4 615,000 WESTERN UN CO COM 959802109 147,193 7,926,377 SH DEFINED 1,2,3,4 7,926,377 WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 74,805 2,160,130 SH DEFINED 1,2,3,4 2,160,130