13F-HR 1 d1095017_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, 2010 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 May 17, 2010 ----------------------- -------------------------- ---------------------- [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: 4 Form 13F Information Table Entry Total: 63 Form 13F Information Table Value Total: $3,617,365 (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. 028-13560 Pennant Master Fund, L.P. 2. 028-13561 Pennant Windward Master Fund, L.P. 3. 028-13339 Pennant Spinnaker Fund, L.P. 4. 028-10746 Pennant General Partner, LLC FORM 13F INFORMATION TABLE

COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8 TITLE OF VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER CLASS CUSIP (X$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ABERCROMBIE & FITCH CO CL A 002896207 176,586 3,869,097 SH Defined 1,2,3,4 3,869,097 ADOBE SYS INC COM 00724F101 69,446 1,963,414 SH Defined 1,2,3,4 1,963,414 ALLIANCE HOLDINGS GP LP COM UNITS LP 01861G100 4,191 129,910 SH Defined ,3,4 129,910 ALLIANCE RES PARTNER L P UT LTD PART 01877R108 899 21,460 SH Defined ,3,4 21,460 ALPHA NATURAL RESOURCES INC COM 02076X102 106,810 2,140,914 SH Defined 1,2,3,4 2,140,914 AMGEN INC COM 031162100 16,755 280,000 SH Defined ,2,4 280,000 AMR CORP COM 001765106 80,803 8,869,667 SH Defined 1,2,3,4 8,869,667 APPLIED MATLS INC COM 038222105 76,697 5,694,970 SH Defined 1,2,3,4 5,694,970 ARTIO GLOBAL INVS INC COM CL A 04315B107 50,296 2,033,000 SH Defined 1,2,3,4 2,033,000 ATLAS ENERGY INC COM 049298102 125,756 4,040,988 SH Defined 1,2,3,4 4,040,988 AUTOMATIC DATA PROCESSING IN COM 053015103 40,797 917,400 SH Defined 1,2,3,4 917,400 AVIAT NETWORKS INC COM 05366Y102 3,394 511,862 SH Defined ,3,4 511,862 BANK OF AMERICA CORPORATION COM 060505104 61,761 3,460,000 SH Defined 1,2,3,4 3,460,000 BROADCOM CORP CL A 111320107 7,636 230,000 SH Defined 1,2,4 230,000 CELGENE CORP COM 151020104 24,164 390,000 SH Defined ,2,4 390,000 CF INDS HLDGS INC COM 125269100 47,889 525,209 SH Defined 1,2,3,4 525,209 CISCO SYS INC COM 17275R102 169,093 6,496,099 SH Defined 1,2,4 6,496,099 CITIGROUP INC COM 172967101 48,803 12,050,000 SH Defined 1,2,3,4 12,050,000 CONSOL ENERGY INC COM 20854P109 62,566 1,466,619 SH Defined 1,2,3,4 1,466,619 COVIDIEN PLC SHS G2554F105 128,405 2,553,800 SH Defined 1,2,3,4 2,553,800 CREE INC COM 225447101 14,044 200,000 PUT Defined 1,2,3,4 200,000 CVS CAREMARK CORPORATION COM 126650100 88,735 2,427,100 SH Defined 1,2,3,4 2,427,100 DAVITA INC COM 23918K108 120,362 1,898,458 SH Defined 1,2,3,4 1,898,458 DELTA AIR LINES INC DEL COM NEW 247361702 19,274 1,321,059 SH Defined 1,2,3,4 1,321,059 DYAX CORP COM 26746E103 11,348 3,327,863 SH Defined 1,3,4 3,327,863 FIDELITY NATL INFORMATION SV COM 31620M106 134,405 5,734,013 SH Defined 1,2,3,4 5,734,013 FLUOR CORP NEW COM 343412102 14,418 310,000 SH Defined 1,2,4 310,000 FOSTER WHEELER AG COM H27178104 10,313 380,000 SH Defined 1,2,4 380,000 FREIGHTCAR AMER INC COM 357023100 6,829 282,655 SH Defined 1,3,4 282,655 GLOBAL CASH ACCESS HLDGS INC COM 378967103 11,757 1,439,100 SH Defined 1,3,4 1,439,100 GRIFFON CORP COM 398433102 7,052 565,980 SH Defined 1,3,4 565,980 HELIX ENERGY SOLUTIONS GRP I COM 42330P107 62,412 4,789,842 SH Defined 1,2,3,4 4,789,842 HOLOGIC INC COM 436440101 95,935 5,174,500 SH Defined 1,2,3,4 5,174,500 INTEL CORP COM 458140100 7,802 350,000 SH Defined 1,2,4 350,000 KBR INC COM 48242W106 7,909 356,900 SH Defined 1,2,4 356,900 LAM RESEARCH CORP COM 512807108 60,998 1,634,460 SH Defined 1,2,3,4 1,634,460 LIGAND PHARMACEUTICALS INC CL B 53220K207 6,531 3,753,603 SH Defined 1,2,4 3,753,603 MI DEVS INC CL A SUB VTG 55304X104 1,164 89,300 SH Defined ,3,4 89,300 MICROSOFT CORP COM 594918104 154,891 5,288,636 SH Defined 1,2,3,4 5,288,636 MIDDLEBROOK PHARMACEUTICAL I COM 596087106 462 1,540,000 SH Defined ,3,4 1,540,000 OLD REP INTL CORP COM 680223104 84,899 6,695,500 SH Defined 1,2,3,4 6,695,500 OMNICARE INC COM 681904108 44,162 1,561,035 SH Defined 1,2,3,4 1,561,035 PFIZER INC COM 717081103 32,084 1,870,768 SH Defined ,2,3,4 1,870,768 PHH CORP COM NEW 693320202 127,446 5,407,141 SH Defined 1,2,3,4 5,407,141 POLYCOM INC COM 73172K104 15,290 500,000 PUT Defined 1,2,3,4 500,000 QUALCOMM INC COM 747525103 153,783 3,665,000 SH Defined 1,2,3,4 3,665,000 QUEST DIAGNOSTICS INC COM 74834L100 15,942 273,500 SH Defined 1,2,4 273,500 ROBERT HALF INTL INC COM 770323103 392 12,881 SH Defined 1,2,4 12,881 ROCKWELL COLLINS INC COM 774341101 110,421 1,764,200 SH Defined 1,2,3,4 1,764,200 SAVIENT PHARMACEUTICALS INC COM 80517Q100 37,238 2,577,000 SH Defined 1,2,3,4 2,577,000 SEAHAWK DRILLING INC COM 81201R107 10,997 583,399 SH Defined 1,3,4 583,399 SYMETRA FINL CORP COM 87151Q106 12,455 944,960 SH Defined 1,3,4 944,960 TRANSATLANTIC HLDGS INC COM 893521104 74,288 1,406,973 SH Defined 1,2,3,4 1,406,973 TRANSDIGM GROUP INC COM 893641100 191,342 3,607,503 SH Defined 1,2,3,4 3,607,503 UAL CORP COM 902549807 8,017 410,000 SH Defined ,2,3,4 410,000 UNION PAC CORP COM 907818108 69,339 945,957 SH Defined 1,2,3,4 945,957 UNITEDHEALTH GROUP INC COM 91324P102 105,648 3,233,800 SH Defined 1,2,3,4 3,233,800 VALERO ENERGY CORP NEW COM 91913Y100 8,918 452,700 SH Defined ,2,4 452,700 WALTER ENERGY INC COM 93317Q105 102,278 1,108,460 SH Defined 1,2,3,4 1,108,460 WALTER INVT MGMT CORP COM 93317W102 12,749 796,842 SH Defined ,2,4 796,842 WELLPOINT INC COM 94973V107 163,152 2,534,200 SH Defined 1,2,3,4 2,534,200 WESTERN UN CO COM 959802109 57,646 3,398,961 SH Defined 1,2,3,4 3,398,961 WILLIS GROUP HOLDINGS PUBLIC SHS G96666105 39,491 1,262,100 SH Defined 1,2,3,4 1,262,100

SK 03461 0009 1095017