Penn Capital Management Company, LLC — 13F holdings

Penn Capital Management Company, LLC reported 185 holdings worth $1.58B in its 13F filing for Q2 2026, filed July 30, 2026. That's up 22.2% from $1.29B in Q1 2026, when it reported 172 holdings. Its 10 largest positions make up 19.2% of the portfolio.

Penn Capital Management Company, LLC's largest positions in Q2 2026

1. OUST OUSTER INC — $41.1M (2.6%) · cut 32%
2. ACMR ACM RESH INC — $36.3M (2.3%) · cut 28%
3. MIRM MIRUM PHARMACEUTICALS INC — $35.1M (2.2%) · added 16%
4. LGND LIGAND PHARMACEUTICALS INC — $31.7M (2.0%) · added 5%
5. TGTX TG THERAPEUTICS INC — $29.5M (1.9%) · cut 1%
6. RXO RXO INC — $27.0M (1.7%) · cut 28%
7. LGN LEGENCE CORP — $26.6M (1.7%) · cut 12%
8. PRKS UNITED PARKS & RESORTS INC — $25.5M (1.6%) · added 18%
9. PENN PENN ENTERTAINMENT INC — $25.4M (1.6%) · added 6%
10. WOLF WOLFSPEED INC — $24.8M (1.6%) · new position
11. COMP COMPASS INC — $24.8M (1.6%) · new position
12. BANC BANC OF CALIFORNIA INC — $24.5M (1.6%) · cut 1%
13. WTTR SELECT WATER SOLUTIONS INC — $24.5M (1.6%) · cut 16%
14. AGYS AGILYSYS INC — $24.2M (1.5%) · added 19%
15. CSTM CONSTELLIUM SE — $23.9M (1.5%) · cut 11%
16. KNSA KINIKSA PHARMACEUTICALS INTL — $23.6M (1.5%) · added 22%
17. GATES INDL CORP PLC — $23.5M (1.5%) · added 5%
18. ABCB AMERIS BANCORP — $23.5M (1.5%) · cut 1%
19. DCOM DIME CMNTY BANCSHARES INC — $22.9M (1.5%) · cut 8%
20. RHP RYMAN HOSPITALITY PPTYS INC — $21.7M (1.4%) · added 15%

What Penn Capital Management Company, LLC bought in Q2 2026

56 new positions and 55 positions added to.

1. WOLF WOLFSPEED INC — new position, about $24.8M
2. COMP COMPASS INC — new position, about $24.8M
3. CECO CECO ENVIRONMENTAL CORP — new position, about $21.6M
4. HRI HERC HLDGS INC — new position, about $21.1M
5. PTEN PATTERSON-UTI ENERGY INC — new position, about $18.3M
6. LNTH LANTHEUS HLDGS INC — new position, about $17.1M
7. VAC MARRIOTT VACATIONS WORLDWIDE — new position, about $16.6M
8. CHDN CHURCHILL DOWNS INC — new position, about $15.4M
9. AEHR AEHR TEST SYS — new position, about $14.5M
10. PRIM PRIMORIS SVCS CORP — new position, about $13.8M

What Penn Capital Management Company, LLC sold in Q2 2026

43 positions sold out and 71 reduced.

1. CZR CAESARS ENTERTAINMENT INC NE — sold out, about $27.0M
2. AAOI APPLIED OPTOELECTRONICS INC — sold out, about $26.1M
3. DY DYCOM INDS INC — sold out, about $22.5M
4. OUST OUSTER INC — cut 32%, about $19.6M
5. MOD MODINE MFG CO — cut 92%, about $18.4M
6. HROW HARROW INC — sold out, about $17.3M
7. MRCY MERCURY SYS INC — sold out, about $15.6M
8. ACMR ACM RESH INC — cut 28%, about $14.2M
9. CHEF CHEFS WHSE INC — cut 49%, about $12.7M
10. RXO RXO INC — cut 28%, about $10.3M

Penn Capital Management Company, LLC portfolio value by quarter

• Q2 2026: $1.58B in 185 holdings
• Q1 2026: $1.29B in 172 holdings
• Q4 2025: $1.25B in 165 holdings
• Q3 2025: $1.30B in 170 holdings
• Q2 2025: $1.16B in 157 holdings
• Q1 2025: $1.03B in 161 holdings
• Q4 2024: $1.02B in 143 holdings

What does Penn Capital Management Company, LLC own?

Its largest positions in Q2 2026 were OUST, ACMR, MIRM, LGND, TGTX, out of 185 holdings worth $1.58B.

What did Penn Capital Management Company, LLC buy last quarter?

In Q2 2026 it opened 56 new positions and added to 55; the largest buys were WOLF, COMP, CECO.

What did Penn Capital Management Company, LLC sell last quarter?

In Q2 2026 it sold out of 43 positions and reduced 71, including CZR, AAOI, DY.