Pennant Select, LLC Long-Term Concentrated

CIK: 0002011563 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $188,976 (100.0% shares, 0.0% debt)

Holdings (13)

New Positions (1)

VMI VALMONT INDS INC 7.0%

Value ($000) $13,277 Shares 33,000 Est. Cost $406.96 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
VMI	VALMONT INDS INC	33,000	$13,277	7.0%	$406.96	0.0%	COM	920253101

Increased Positions (1)

MSFT MICROSOFT CORP 13.5%

Value ($000) $25,438 (+50.7%) Shares 52,600 (+61.3%) Est. Cost $424.27 Unrealized +18.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
MSFT	MICROSOFT CORP	52,600 (+61.3%)	$25,438 (+50.7%)	13.5%	$424.27	+18.0%	COM	594918104

Decreased Positions (3)

SATS ECHOSTAR CORP 31.6%

Value ($000) $59,785 (+9.5%) Shares 550,000 (-23.1%) Est. Cost $12.88 Unrealized +532.2%

VRT VERTIV HOLDINGS CO 0.9%

Value ($000) $1,750 (-69.3%) Shares 10,800 (-71.4%) Est. Cost $106.29 Unrealized +63.3%

NPKI NPK INTERNATIONAL INC 6.4%

Value ($000) $12,090 (+0.6%) Shares 1,014,221 (-4.5%) Est. Cost $7.67 Unrealized +59.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SATS	ECHOSTAR CORP	550,000 (-23.1%)	$59,785 (+9.5%)	31.6%	$12.88	+532.2%	CL A	278768106
VRT	VERTIV HOLDINGS CO	10,800 (-71.4%)	$1,750 (-69.3%)	0.9%	$106.29	+63.3%	COM CL A	92537N108
NPKI	NPK INTERNATIONAL INC	1,014,221 (-4.5%)	$12,090 (+0.6%)	6.4%	$7.67	+59.2%	COM SHS	651718504

Unchanged Positions (8)

PRM PERIMETER SOLUTIONS INC 8.3%

Value ($000) $15,693 Shares 570,038 Est. Cost $13.06 Unrealized +93.4%

GOOGL ALPHABET INC 3.3%

Value ($000) $6,291 Shares 20,100 Est. Cost $133.35 Unrealized +114.2%

ASML ASML HOLDING N V 6.8%

Value ($000) $12,838 Shares 12,000 Est. Cost $935.15 Unrealized —

AMZN AMAZON COM INC 7.6%

Value ($000) $14,380 Shares 62,300 Est. Cost $144.78 Unrealized +58.0%

EXE EXPAND ENERGY CORPORATION 4.1%

Value ($000) $7,692 Shares 69,700 Est. Cost $89.24 Unrealized +24.0%

AR ANTERO RESOURCES CORP 3.9%

Value ($000) $7,349 Shares 213,269 Est. Cost $24.75 Unrealized +36.9%

TDG TRANSDIGM GROUP INC 4.4%

Value ($000) $8,245 Shares 6,200 Est. Cost $997.72 Unrealized +31.4%

QXO QXO INC 2.2%

Value ($000) $4,147 Shares 215,000 Est. Cost $16.42 Unrealized +16.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PRM	PERIMETER SOLUTIONS INC	570,038	$15,693	8.3%	$13.06	+93.4%	COMMON STOCK	71385M107
GOOGL	ALPHABET INC	20,100	$6,291	3.3%	$133.35	+114.2%	CAP STK CL A	02079K305
ASML	ASML HOLDING N V	12,000	$12,838	6.8%	$935.15	—	N Y REGISTRY SHS	N07059210
AMZN	AMAZON COM INC	62,300	$14,380	7.6%	$144.78	+58.0%	COM	023135106
EXE	EXPAND ENERGY CORPORATION	69,700	$7,692	4.1%	$89.24	+24.0%	COM	165167735
AR	ANTERO RESOURCES CORP	213,269	$7,349	3.9%	$24.75	+36.9%	COM	03674X106
TDG	TRANSDIGM GROUP INC	6,200	$8,245	4.4%	$997.72	+31.4%	COM	893641100
QXO	QXO INC	215,000	$4,147	2.2%	$16.42	+16.7%	COM NEW	82846H405