13F-HR 1 d667934_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 March 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: 28-10370 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 May 15, 2006 ----------------------- -------------------------- ---------------------- [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: 51 Form 13F Information Table Value Total: $856,661 (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. 28-10536 Pennant Offshore Partners, Ltd. 2. 28-10768 Pennant Onshore Qualified, L.P. 3. 28-10746 Pennant General Partner, LLC 4. 28-11666 Pennant Windward Fund, L.P. 5. 28-11665 Pennant Windward Fund, Ltd. FORM 13F INFORMATION TABLE Pennant Capital Management, LLC 03/31/06 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 MANAGERS SOLE SHARED NONE Accredited Home Lendrs Hldg COM 00437P107 26,199 511,900 SH Defined 1,2,3,4,5 511,900 Agere Sys Inc COM 00845V308 22,867 1,520,400 SH Defined 1,2,3,4,5 1,520,400 Alleghany Corp Del COM 017175100 3,401 11,749 SH Defined 1,2,3,4,5 11,749 American Intl Group Inc COM 026874107 11,896 180,000 SH Defined 3,4,5 180,000 Arch Cap Group Ltd ORD G0450A105 15,740 272,600 SH Defined 1,2,3,4,5 272,600 Axcan Pharma Inc COM 054923107 58,606 4,413,100 SH Defined 1,2,3,4,5 4,413,100 BEA Sys Inc COM 073325102 20,742 1,579,708 SH Defined 1,2,3,4,5 1,579,708 CF Inds Hldgs Inc COM 125269100 46,669 2,746,830 SH Defined 1,2,3,4,5 2,746,830 Cano Pete Inc COM 137801106 3,300 412,500 SH Defined 3 412,500 Chipmos Tech Bermuda Ltd SHS G2110R106 19,479 2,724,400 SH Defined 1,2,3 2,724,400 Citigroup Inc COM 172967101 6,612 140,000 SH Defined 1,2,3,4,5 140,000 Comcast Corp New CL A 20030N101 11,930 456,030 SH Defined 3,4,5 456,030 Copart Inc COM 217204106 10,706 390,000 SH Defined 1,2,3,4,5 390,000 Dyax Corp COM 26746E103 3,248 560,000 SH Defined 3 560,000 Federal Home Ln Mtg Corp COM 313400301 18,300 300,000 SH Defined 1,2,3,4,5 300,000 Fidelity Natl Finl Inc COM 316326107 46,225 1,301,000 SH Defined 1,2,3,4,5 1,301,000 Fidelity Natl Title Group In CL A 31620R105 3,976 174,598 SH Defined 1,2,3,4,5 174,598 General Electric Co COM 369604103 13,912 400,000 SH Defined 1,2,3,4,5 400,000 Griffon Corp COM 398433102 16,057 646,400 SH Defined 1,2,3 646,400 JER Invt Tr Inc COM 46614H301 740 44,500 SH Defined 1,2,3 44,500 Kadant Inc COM 48282T104 9,518 419,300 SH Defined 1,2,3 419,300 Levitt Corp CL A 52742P108 20,797 943,600 SH Defined 1,2,3 943,600 Lipman Electronic Engineerin ORD M6772H101 11,026 405,379 SH Defined 1,2,3,4,5 405,379 Microsoft Corp COM 594918104 30,013 1,103,000 SH Defined 1,2,3,4,5 1,103,000 Moneygram Intl Inc COM 60935Y109 16,128 525,000 SH Defined 1,2,3,4,5 525,000 NRG Energy Inc COM 629377508 21,430 473,900 SH Defined 1,2,3,4,5 473,900 Newmont Mining Corp COM 651639106 17,601 339,200 SH Defined 1,2,3,4,5 339,200 Novelis Inc COM 67000X106 8,561 416,200 SH Defined 1,2,3,4,5 416,200 Old Rep Intl Corp COM 680223104 21,656 992,500 SH Defined 1,2,3,4,5 992,500 Oracle Corp COM 68389X105 15,675 1,145,000 SH Defined 1,2,3,4,5 1,145,000 Par Pharmaceutical Cos Inc COM 69888P106 33,383 1,362,050 SH Defined 1,2,3,4,5 1,362,050 Pfizer Inc COM 717081103 13,518 542,440 SH Defined 2,3,4 542,440 RADVision Ltd ORD M81869105 7,210 403,900 SH Defined 1,2,3 403,900 Rambus Inc Del COM 750917106 9,819 249,600 SH Defined 1,2,3,4,5 249,600 Rinker Group Ltd SPONSORED ADR 76687M101 28,694 407,700 SH Defined 1,2,3,4,5 407,700 Rudolph Technologies Inc COM 781270103 7,471 438,200 SH Defined 1,2,3 438,200 SITEL Corp COM 82980K107 658 156,600 SH Defined 3 156,600 Sanfilippo John B. & Son Inc COM 800422107 5,778 365,000 SH Defined 1,2,3 365,000 Saxon Cap Inc New COM 80556T106 6,890 660,000 SH Defined 1,2,3 660,000 Symantec Corp SPON ADR 871503108 43,664 2,594,400 SH Defined 1,2,3,4,5 2,594,400 Ternium SA COM 880890108 284 10,000 SH Defined 1,2,3,4,5 10,000 TransDigm Group Inc COM 893641100 25,750 1,000,000 SH Defined 1,2,3,4,5 1,000,000 Universal Stainless & Alloy COM 913837100 16,016 623,190 SH Defined 1,2,3 623,190 Viad Corp COM NEW 92552R406 9,177 267,700 SH Defined 1,2,3 267,700 Walter Inds Inc COM 93317Q105 46,774 702,100 SH Defined 1,2,3,4,5 702,100 Washington Group Intl Inc COM NEW 938862208 19,329 336,800 SH Defined 1,2,3,4,5 336,800 Whirlpool Corp COM 963320106 18,294 200,000 SH Defined 1,2,3,4,5 200,000 Hummingbird Inc COM 44544R101 5,640 240,200 SH Defined 1,2,3 240,200 Housevalues Inc COM 44183Y102 432 52,500 PUT Defined 3 52,500 NYSE Group Inc COM 62949W103 11,888 150,000 PUT Defined 1,2,3,4,5 150,000 Rambus Inc Del COM 750917106 12,982 330,000 PUT Defined 1,2,3,4,5 330,000 SK 03461 0004 667934