13F-HR 1 d851901_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, 2007 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 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: 46 Form 13F Information Table Value Total: $1,889,572 (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, 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 Holdings Report by Fund, Security Description, Position, Security Description Pennant Capital Management, LLC December 31, 2007

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COULMN 8 VALUE SHRS OR SH/ PUT/ INVESTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETN MANAGERS SOLE SHARED NONE AMR CORP COM 001765106 2,105 150,000 SH Defined 1,2,3,4,5 150,000 ALLEGHANY CORP DEL COM 017175100 5,630 14,007 SH Defined 1,2,3,4,5 14,007 AMERICAN EAGLE OUTFITTERS NE COM 02553E106 25,389 1,222,400 SH Defined 1,2,3,4,5 1,222,400 AMERICAN EXPRESS CO COM 025816109 63,505 1,220,790 SH Defined 1,2,3,4,5 1,220,790 APPLIED MATLS INC COM 038222105 39,962 2,250,100 SH Defined 1,2,3,4,5 2,250,100 AXCAN PHARMA INC COM 054923107 126,684 5,508,000 SH Defined 1,2,3,4,5 5,508,000 BROADCOM CORP CL A 111320107 4,705 180,000 SH Defined 1,2,3,4,5 180,000 CF INDS HLDGS INC COM 125269100 65,698 596,930 SH Defined 1,2,3,4,5 596,930 CVR ENERGY INC COM 12662P108 20,201 810,000 SH Defined 1,2,3 810,000 CHIPMOS TECH BERMUDA LTD SHS G2110R106 11,146 2,616,546 SH Defined 1,2,3 2,616,546 CISCO SYS INC COM 17275R102 30,852 1,139,700 SH Defined 1,2,3,4,5 1,139,700 DAVITA INC COM 23918K108 59,002 1,047,071 SH Defined 1,2,3,4,5 1,047,071 DYAX CORP COM 26746E103 13,721 3,748,800 SH Defined 1,2,3 3,748,800 FIDELITY NATIONAL FINANCIAL CL A 31620R105 65,816 4,504,888 SH Defined 1,2,3,4,5 4,504,888 FIDELITY NATL INFORMATION SV COM 31620M106 42,838 1,030,000 SH Defined 1,2,3,4,5 1,030,000 FOREST LABS INC COM 345838106 52,229 1,432,900 SH Defined 1,2,3,4,5 1,432,900 GENESCO INC COM 371532102 6,675 176,600 SH Defined 1,2,3,4,5 176,600 GENENTECH INC COM NEW 368710406 6,036 90,000 SH Defined 1,2,3,4,5 90,000 GREENFIELD ONLINE INC COM 395150105 5,945 406,900 SH Defined 3 406,900 GREENLIGHT CAPITAL RE LTD CLASS A G4095J109 1,507 72,500 SH Defined 3 72,500 GRIFFON CORP COM 398433102 5,180 416,080 SH Defined 1,2,3 416,080 GRUBB & ELLIS CO COM PAR $0.01 400095204 865 135,000 SH Defined 3 135,000 IRON MTN INC COM 462846106 62,290 1,682,600 SH Defined 1,2,3,4,5 1,682,600 LEVITT CORP CL A 52742P108 41,687 18,948,677 SH Defined 1,2,3,4,5 18,948,677 LIGAND PHARMACEUTICALS INC CL B 53220K207 5,511 1,140,950 SH Defined 2,3,4 1,140,950 LIMITED BRANDS INC COM 532716107 47,043 2,485,100 SH Defined 1,2,3,4,5 2,485,100 MACYS INC COM 55616P104 2,328 90,000 SH Defined 1,2,3,4,5 90,000 MICROSOFT CORP COM 594918104 23,140 650,000 SH Defined 1,2,3,4,5 650,000 MONEYGRAM INTL INC COM 60935Y109 41,500 2,700,080 SH Defined 1,2,3,4,5 2,700,080 MOODYS CORP COM 615369105 63,753 1,785,800 SH Defined 1,2,3,4,5 1,785,800 NRG ENERGY INC COM NEW 629377508 48,692 1,123,500 SH Defined 1,2,3,4,5 1,123,500 ORACLE CORP COM 68389X105 50,739 2,247,090 SH Defined 1,2,3,4,5 2,247,090 PHH CORP COM NEW 693320202 95,184 5,395,941 SH Defined 1,2,3,4,5 5,395,941 PZENA INVESTMENT MGMT INC CLASS A 74731Q103 7,289 639,400 SH Defined 1,2,3 639,400 RADVISION LTD ORD M81869105 4,530 408,800 SH Defined 1,2,3 408,800 RUDOLPH TECHNOLOGIES INC COM 781270103 3,912 345,550 SH Defined 1,2,3 345,550 SAIC INC COM 78390X101 52,609 2,614,738 SH Defined 1,2,3,4,5 2,614,738 SANFILLIPPO JOHN B & SON INC COM 800422107 3,152 374,300 SH Defined 1,2,3 374,300 SAVIENT PHARMACEUTICALS INC COM 80517Q100 25,037 1,090,000 SH Defined 1,2,3,4,5 1,090,000 SCHERING PLOUGH CORP COM 806605101 3,996 150,000 SH Defined 1,2,3,4,5 150,000 TAKE-TWO INTERACTIVE SOFTWAR COM 874054109 13,802 748,100 SH Defined 1,2,3,4,5 748,100 TRANSDIGM GROUP INC COM 893641100 66,115 1,463,700 SH Defined 1,2,3,4,5 1,463,700 UNION PAC CORP COM 907818108 46,592 370,900 SH Defined 1,2,3,4,5 370,900 WALTER INDS INC COM 93317Q105 83,056 2,311,600 SH Defined 1,2,3,4,5 2,311,600 ISHARES TR RUSSELL 2000 464287655 303,680 4,000,000 PUT Defined 1,2,3,4,5 4,000,000 SPDR SERIES TRUST S&P METALS MNG 78464A755 138,240 2,000,000 PUT Defined 1,2,3,4,5 2,000,000

SK 03461 0004 851901