Penn Capital Management Company, LLC

CIK 0001158202 · Q1 2026

13F Equity AUM

$1.3B

+2.8% QoQ

Positions

172

+7 QoQ

AUM Rank

#2,400

Top 19%

Skill Alpha (FF)

-0.8%/yr^ns

No Clear Edge

Rank #3,419 · Top 42%

vs S&P -3.4%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 9.0%Top 10: 17.2%Top 20: 31.9%

MIRM1.8%

CZR1.8%

GPOR1.8%

WFRD1.8%

WTTR1.7%

CC1.7%

BANC1.7%

RIG1.6%

CSTM1.6%

DCOM1.6%

Others (162)82.8%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Industrials15.4%

Financial Services13.7%

Healthcare12.9%

Consumer Cyclical12.7%

Energy10.7%

Technology10.2%

Basic Materials7.1%

Communication Services7.0%

Other10.2%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 172Median: 0.17%Avg: 0.58%

0–0.5%

96(8.4%)

0.5–1%

17(13.7%)

1–3%

59(77.9%)

3–5%

0(0.0%)

5%+

0(0.0%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 170Unique: 2vs 20 funds

2.3%Low

172

Fund positions

7,299

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

Most Similar Funds

Top 9 benchmark funds with highest portfolio overlap (Jaccard similarity)

MORGAN STANLEY

3.1%

GEODE CAPITAL MANAGEMENT, LLC

4.7%

BlackRock, Inc.

STATE STREET CORP

4.6%

VANGUARD CAPITAL MANAGEMENT LLC

4.6%

VANGUARD PORTFOLIO MANAGEMENT LLC

5.4%

BANK OF AMERICA CORP /DE/

3.2%

JPMORGAN CHASE & CO

2.8%

FMR LLC

4.1%

Jaccard similarity per fund: shared CUSIPs / (fund A + fund B − shared). Higher values indicate more similar portfolios.

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Position Changes This Quarter

New38Increased68Decreased58Exited31

New Positions

LGN1.6%

+356K

SSRM1.4%

+617K

CE1.4%

+271K

KINIKSA PHARMACEUTIC…1.1%

+302K

WERN1.0%

+443K

HWC0.9%

+188K

BLLN0.8%

+126K

ARQT0.6%

+333K

TEX0.5%

+112K

ASH0.2%

+48K

Increased

SSP1.3%

+1.1M(+33%)

HLF0.8%

+653K(+1873%)

CPRI1.2%

+482K(+119%)

CSTM1.6%

+480K(+131%)

GTN1.2%

+468K(+15%)

RXO1.5%

+387K(+40%)

LUMN1.5%

+331K(+14%)

ATEC1.2%

+324K(+30%)

WTTR1.7%

+308K(+27%)

BANC1.7%

+225K(+23%)

Decreased

SMWB0.1%

-1,228,314(-77%)

REAL0.1%

-1,130,234(-85%)

RIG1.6%

-602,826(-16%)

DDD0.1%

-423,084(-33%)

CC1.7%

-405,454(-29%)

AAOI1.2%

-269,579(-60%)

ASTE0.0%

-195,660(-96%)

UNIT0.8%

-127,934(-10%)

LIND1.1%

-110,606(-12%)

BYRN0.0%

-105,643(-64%)

Exited

-508,439

-981,278

-211,725

-1,239,059

-190,838

-321,200

-694,766

-272,798

-125,083

-449,973

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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