13F-HR 1 d744960_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, 2006 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: 40 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 14, 2007 ----------------------- -------------------------- ---------------------- [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: 43 Form 13F Information Table Value Total: 934,294 (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. 028-10536 Pennant Offshore Partners, Ltd. 2. 028-10768 Pennant Onshore Qualified, L.P. 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 December 31, 2006

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 TITLE VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER OF CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE -------------- -------- ----- -------- ------- --- ---- ---------- -------- ---- ------ ---- AMR CORP COM 001765106 8,162 270,000 SH DEFINED 1,2,3,4,5 270,000 ALLEGHANY CORP DEL COM 017175100 4,272 11,749 SH DEFINED 1,2,3,4,5 11,749 AMGEN INC COM 031162100 2,732 40,000 SH DEFINED 1,2,3,4,5 40,000 AXCAN PHARMA INC COM 054923107 67,451 4,736,700 SH DEFINED 1,2,3,4,5 4,736,700 CF INDS HLDGS INC COM 125269100 41,432 1,615,930 SH DEFINED 1,2,3,4,5 1,615,930 CHIPMOS TECH BERMUDA LTD SHS G2110R106 23,577 3,472,246 SH DEFINED 1,2,3 3,472,246 CISCO SYS INC COM 17275R102 25,062 917,000 SH DEFINED 1,2,3,4,5 917,000 COMCAST CORP NEW CL A 20030N101 30,944 731,030 SH DEFINED 1,2,3,4,5 731,030 CONTINENTAL AIRLS INC CL B 210795308 9,075 220,000 SH DEFINED 1,2,3,4,5 220,000 COPART INC COM 217204106 25,566 852,200 SH DEFINED 1,2,3,4,5 852,200 DYAX CORP COM 26746E103 2,969 980,000 SH DEFINED 3 980,000 FEDERATED DEPT STORES INC DE COM 31410H101 3,050 80,000 SH DEFINED 1,2,3,4,5 80,000 FIDELITY NATIONAL FINANCIAL CL A 31620R105 54,778 2,293,888 SH DEFINED 1,2,3,4,5 2,293,888 FIDELITY NATL INFORMATION SV COM 31620M106 26,809 668,729 SH DEFINED 1,2,3,4,5 668,729 FOUNDATION COAL HLDGS INC COM 35039W100 635 20,000 SH DEFINED 1,2,3,4,5 20,000 GREENFIELD ONLINE INC COM 395150105 2,294 160,400 SH DEFINED 3 160,400 GRIFFON CORP COM 398433102 3,799 148,980 SH DEFINED 1,2,3 148,980 GRUBB & ELLIS CO COM PAR $0.01 400095204 1,555 135,000 SH DEFINED 3 135,000 LEVITT CORP CL A 52742P108 11,602 947,850 SH DEFINED 1,2,3 947,850 LIGAND PHARMACEUTICALS INC CL B 53220K207 12,117 1,106,530 SH DEFINED 2,3,4 1,106,530 LINEAR TECHNOLOGY CORP COM 535678106 3,032 100,000 SH DEFINED 1,2,3,4,5 100,000 MICRON TECHNOLOGY INC COM 595112103 22,071 1,581,000 SH DEFINED 1,2,3,4,5 1,581,000 MICROSOFT CORP COM 594918104 35,253 1,180,600 SH DEFINED 1,2,3,4,5 1,180,600 MONEYGRAM INTL INC COM 60935Y109 26,189 835,100 SH DEFINED 1,2,3,4,5 835,100 MUELLER WTR PRODS INC COM SER B 624758207 23,798 1,597,192 SH DEFINED 1,2,3,4,5 1,597,192 NRG ENERGY INC COM NEW 629377508 31,847 568,600 SH DEFINED 1,2,3,4,5 568,600 NOVELIS INC COM 67000X106 45,784 1,643,960 SH DEFINED 1,2,3,4,5 1,643,960 ORACLE CORP COM 68389X105 28,127 1,641,000 SH DEFINED 1,2,3,4,5 1,641,000 PHH CORP COM NEW 693320202 66,834 2,315,000 SH DEFINED 1,2,3,4,5 2,315,000 RADVISION LTD ORD M81869105 8,110 403,900 SH DEFINED 1,2,3 403,900 RINKER GROUP LTD SPONSORED ADR 76687M101 18,310 257,700 SH DEFINED 1,2,3,4,5 257,700 RUDOLPH TECHNOLOGIES INC COM 781270103 5,364 336,950 SH DEFINED 1,2,3 336,950 SANFILIPPO JOHN B & SON INC COM 800422107 4,475 365,000 SH DEFINED 1,2,3 365,000 SYMANTEC CORP COM 871503108 27,376 1,313,000 SH DEFINED 1,2,3,4,5 1,313,000 TAKE-TWO INTERACTIVE SOFTWAR COM 874054109 14,894 838,600 SH DEFINED 1,2,3,4,5 838,600 WILLIAMS COS INC DEL COM 969457100 24,683 945,000 SH DEFINED 1,2,3,4,5 945,000 TRANSDIGM GROUP INC COM 893641100 28,281 1,066,800 SH DEFINED 1,2,3,4,5 1,066,800 UAL CORP COM NEW 902549807 16,148 367,000 SH DEFINED 1,2,3,4,5 367,000 U S AIRWAYS GROUP INC COM 90341W108 9,693 180,000 SH DEFINED 1,2,3,4,5 180,000 UNITEDHEALTH GROUP INC COM 91324P102 43,521 810,000 SH DEFINED 1,2,3,4,5 810,000 UNIVERSAL STAINLESS & ALLOY COM 913837100 9,374 279,980 SH DEFINED 1,2,3 279,980 WALTER INDS INC COM 93317Q105 69,289 2,561,500 SH DEFINED 1,2,3,4,5 2,561,500 MICRON TECHNOLOGY INC COM 595112103 13,960 1,000,000 CALL DEFINED 1,2,3,4,5 1,000,000

SK 03461 0004 744960