13F-HR 1 d642928_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, 2005 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 February 14, 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: 57 Form 13F Information Table Value Total: $835,205 (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- Pennant Windward Fund, L.P. 5. 28- Pennant Windward Fund, Ltd. FORM 13F INFORMATION TABLE December 31, 2005

COLUMN 1 COLUMN 2 COLUMN 3 COL 4 COLUMN 6 COLUMN 7 COLUMN 8 VALUE INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (X$1000) DISCRETION MANAGERS SOLE SHARED NONE -------------- -------------- ----- -------- ---------- -------- ---- ------ ---- Accredited Home Lenders Hld Com 00437P107 35,851 DEFINED 1,2,3,4,5 723,100 0 0 Agere Sys Inc. Com 00845v308 25,800 DEFINED 1,2,3,4,5 2,000,000 0 0 Alleghany Corp DEL Com 017175100 9,502 DEFINED 1,2,3,4,5 33,458 0 0 American Int Group, Inc Com 026874107 12,281 DEFINED 3,4,5 180,000 0 0 Arch Cap Group Ltd. ORD g0450a105 14,925 DEFINED 1,2,3,4,5 272,600 0 0 Arch Coal Inc. Com 039380100 19,859 DEFINED 1,2,3,4,5 249,800 0 0 Axcan Pharma Inc. Com 054923107 39,382 DEFINED 1,2,3,4,5 2,601,200 0 0 BEA Sys, Inc. Com 073325102 14,849 DEFINED 1,2,3,4,5 1,579,708 0 0 CF Inds Hldgs Com 125269100 37,387 DEFINED 1,2,3,4,5 2,451,600 0 0 Cano Pete Inc Com 137801106 1,599 DEFINED 3 207,700 0 0 Comcast Corp NEW CL A 20030N101 19,663 DEFINED 1,2,3,4,5 758,600 0 0 Dollar Thrifty Automotive Gp Com 256743105 10,900 DEFINED 1,2,3,4,5 302,200 0 0 Federal Home Ln Mtg Corp Com 313400301 19,605 DEFINED 1,2,3,4,5 300,000 0 0 Fidelity Natl Finl Inc. Com 316326107 46,492 DEFINED 1,2,3,4,5 1,263,700 0 0 Fidelity Natl Title Group IN CL A 31620R105 4,251 DEFINED 1,2,3,4,5 174,598 0 0 General Electric Co. Com 369604103 10,515 DEFINED 3,4,5 300,000 0 0 Griffon Corp Com 398433102 5,743 DEFINED 1,2,3 241,200 0 0 JER Invt Tr Inc. Com 46614H301 1,695 DEFINED 1,2,3 100,000 0 0 Kadant Inc. Com 48282T104 7,757 DEFINED 1,2,3 419,300 0 0 Levitt Corp CL A 52742p108 20,937 DEFINED 1,2,3 920,700 0 0 Lipman Electronic Engineering ORD m6772h101 9,425 DEFINED 1,2,3,4,5 405,379 0 0 MDC Partners Inc CL A Sub VTG 552697104 1,814 DEFINED 1,2,3 283,400 0 0 Massey Energy Corp Com 576206106 10,812 DEFINED 1,2,3,4,5 285,500 0 0 McDonalds Corp. Com 580135101 12,038 DEFINED 1,2,3,4,5 357,000 0 0 Merck & Co. Inc Com 589331107 6,964 DEFINED 2,3,4 218,930 0 0 Microsoft Corp Com 594918104 10,460 DEFINED 3,4,5 400,000 0 0 Moneygram Intl Inc Com 60935y109 15,755 DEFINED 1,2,3,4,5 604,100 0 0 NASDAQ Stock Market Inc Com 631103108 5,625 DEFINED 1,2,3,4,5 159,900 0 0 NRG Energy Inc Com 629377508 24,611 DEFINED 1,2,3,4,5 522,300 0 0 Newmont Mining Corp Com 651639106 30,929 DEFINED 1,2,3,4,5 579,200 0 0 Old Rep Intl Corp Com 680223104 20,850 DEFINED 1,2,3,4,5 992,500 0 0 Oracle Corp Com 68389x105 9,768 DEFINED 3,4,5 800,000 0 0 Par Pharmaceutical Co Inc Com 69888p106 39,814 DEFINED 1,2,3,4,5 1,270,400 0 0 Pfizer Inc. Com 717081103 12,951 DEFINED 2,3,4 555,360 0 0 RADVision Ltd ORD M81869105 6,698 DEFINED 1,2,3 403,900 0 0 Rinker Group Ltd SPONSORED ADR 76687m101 29,869 DEFINED 1,2,3,4,5 497,400 0 0 Rudolph Technologies, Inc. Com 781270103 5,644 DEFINED 1,2,3 438,200 0 0 SITEL Corp Com 82980k107 273 DEFINED 3 87,400 0 0 Sanfilippo John B & Son, Inc Com 800422107 3,801 DEFINED 1,2,3 294,000 0 0 Saxon Cap Inc Com 80556t106 10,764 DEFINED 1,2,3 950,000 0 0 Symantec Corp Com 871503108 49,632 DEFINED 1,2,3,4,5 2,836,100 0 0 Universal Stainless & Alloy Com 913837100 9,348 DEFINED 1,2,3 623,190 0 0 Verizon Communications Com 92343v104 753 DEFINED 1,2,3,4,5 25,000 0 0 Viad Corp Com 92552R406 7,852 DEFINED 1,2,3 267,700 0 0 Walter Inds Inc Com 93317q105 42,550 DEFINED 1,2,3,4,5 855,800 0 0 Washington Group Intl. Inc Com 938862208 23,296 DEFINED 1,2,3,4,5 439,800 0 0 Whirlpool Corp Com 963320106 26,317 DEFINED 1,2,3,4,5 314,200 0 0 Geac Computer Ltd Com 368289104 42,361 DEFINED 1,2,3,4,5 3,886,300 0 0 Hummingbird Inc Com 44544r101 5,238 DEFINED 1,2,3 240,200 0 0

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