Penn Capital Management Company, LLC

PHILADELPHIA, PA · CIK 1158202 · 13F filing filed 2026-07-30

SEC-registered investment adviser since 1988 · limited liability company

Assets managed$1.9bn
Staff16 · 12 in investment roles
Main clients (by assets)State and local governments 51%, Charities 6%, Mutual funds and ETFs 5%
Form ADV · 2026-03-27SEC adviser record

Legal entityPENN CAPITAL MANAGEMENT COMPANY, LLC (US)

Kindinstitutions
Others nearbyPhiladelphia, PA

$1.6bn reported value +22.2% vs Q1 2026

185positions

19.2%in top 10

56 new 56 added 73 reduced 43 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	OUSTER INC COM NEW OUST	OUST	656,088	$41.1m2.61%	2.61%	Reduced -313.5k	-313,517 -32.3%
2	ACM RESH INC COM CL A ACMR	ACMR	285,790	$36.3m2.30%	2.30%	Reduced -112.0k	-111,976 -28.1%
3	MIRUM PHARMACEUTICALS INC COM MIRM	MIRM	298,914	$35.1m2.22%	2.22%	Added +42.1k	+42,147 16.4%
4	LIGAND PHARMACEUTICALS INC COM NEW LGND	LGND	100,337	$31.7m2.01%	2.01%	Added +4.9k	+4,881 5.1%
5	TG THERAPEUTICS INC COM TGTX	TGTX	536,067	$29.5m1.87%	1.87%	Reduced -5.9k	-5,893 -1.1%
6	RXO INC COMMON STOCK RXO	RXO	974,963	$27.0m1.71%	1.71%	Reduced -372.6k	-372,587 -27.6%
7	LEGENCE CORP CL A LGN	LGN	311,830	$26.6m1.69%	1.69%	Reduced -44.5k	-44,485 -12.5%
8	UNITED PARKS & RESORTS INC COM PRKS	PRKS	533,554	$25.5m1.62%	1.62%	Added +80.6k	+80,588 17.8%
9	PENN ENTERTAINMENT INC COM PENN	PENN	1,186,487	$25.4m1.61%	1.61%	Added +69.7k	+69,674 6.2%
10	WOLFSPEED INC COMMON STOCK WOLF	WOLF	513,975	$24.8m1.58%	1.58%	New
11	COMPASS INC CL A COMP	COMP	2,003,937	$24.8m1.57%	1.57%	New
12	BANC OF CALIFORNIA INC COM BANC	BANC	1,199,061	$24.5m1.56%	1.56%	Reduced -13.9k	-13,949 -1.1%
13	SELECT WATER SOLUTIONS INC CL A COM WTTR	WTTR	1,222,090	$24.5m1.55%	1.55%	Reduced -236.8k	-236,803 -16.2%
14	AGILYSYS INC COM AGYS	AGYS	231,237	$24.2m1.54%	1.54%	Added +36.8k	+36,828 18.9%
15	CONSTELLIUM SE CL A SHS CSTM	CSTM	749,645	$23.9m1.52%	1.52%	Reduced -95.3k	-95,289 -11.3%
16	KINIKSA PHARMACEUTICALS INTL ORD SHS CL A KNSA	KNSA	368,114	$23.6m1.49%	1.49%	Added +66.1k	+66,121 21.9%
17	GATES INDL CORP PLC ORD SHS 9666678D	9666678D	839,675	$23.5m1.49%	1.49%	Added +40.4k	+40,408 5.1%
18	AMERIS BANCORP COM ABCB	ABCB	260,137	$23.5m1.49%	1.49%	Reduced -2.9k	-2,892 -1.1%
19	DIME CMNTY BANCSHARES INC COM DCOM	DCOM	562,511	$22.9m1.45%	1.45%	Reduced -47.0k	-46,977 -7.7%
20	RYMAN HOSPITALITY PPTYS INC COM RHP	RHP	168,295	$21.7m1.37%	1.37%	Added +22.2k	+22,182 15.2%
21	CECO ENVIRONMENTAL CORP COM CECO	CECO	237,119	$21.6m1.37%	1.37%	New
22	WERNER ENTERPRISES INC COM WERN	WERN	491,541	$21.5m1.36%	1.36%	Added +48.1k	+48,089 10.8%
23	FB FINL CORP COM FBK	FBK	387,253	$21.5m1.36%	1.36%	Added +67.7k	+67,656 21.2%
24	NEWMARK GROUP INC CL A NMRK	NMRK	1,395,935	$21.1m1.34%	1.34%	Added +241.5k	+241,510 20.9%
25	HERC HLDGS INC COM HRI	HRI	146,723	$21.1m1.34%	1.34%	New
26	LIFE TIME GROUP HOLDINGS INC COMMON STOCK LTH	LTH	514,790	$21.1m1.34%	1.34%	Reduced -45.2k	-45,221 -8.1%
27	AMNEAL PHARMACEUTICALS INC COM STK CL A AMRX	AMRX	1,181,176	$20.5m1.30%	1.30%	Reduced -14.9k	-14,897 -1.2%
28	HANCOCK WHITNEY CORPORATION COM HWC	HWC	272,472	$20.4m1.29%	1.29%	Added +84.0k	+84,047 44.6%
29	ZETA GLOBAL HOLDINGS CORP CL A ZETA	ZETA	1,033,262	$20.4m1.29%	1.29%	Added +199.5k	+199,509 23.9%
30	LUMEN TECHNOLOGIES INC COM LUMN	LUMN	2,547,003	$19.6m1.24%	1.24%	Reduced -160.7k	-160,651 -5.9%
31	CAMTEK LTD ORD CAMT	CAMT	117,014	$19.1m1.21%	1.21%	Added +41.7k	+41,713 55.4%
32	FIRST WATCH RESTAURANT GROUP COM FWRG	FWRG	1,472,751	$19.0m1.21%	1.21%	Added +331.6k	+331,594 29.1%
33	VIAD CORP COM PRSU	PRSU	336,981	$18.9m1.20%	1.20%	Reduced -31.4k	-31,385 -8.5%
34	WEATHERFORD INTL PLC ORD SHS WFRD	WFRD	227,001	$18.5m1.18%	1.18%	Reduced -11.0k	-11,027 -4.6%
35	PATTERSON-UTI ENERGY INC COM PTEN	PTEN	1,990,225	$18.3m1.16%	1.16%	New
36	SOLARIS ENERGY INFRAS INC COM CL A SEI	SEI	224,485	$18.1m1.15%	1.15%	Reduced -56.2k	-56,197 -20.0%
37	RUSH STREET INTERACTIVE INC COM RSI	RSI	595,281	$17.7m1.12%	1.12%	Reduced -147.7k	-147,650 -19.9%
38	CAPRI HOLDINGS LIMITED SHS CPRI	CPRI	951,403	$17.7m1.12%	1.12%	Added +63.7k	+63,684 7.2%
39	GULFPORT ENERGY CORP COMMON SHARES GPOR	GPOR	103,636	$17.6m1.12%	1.12%	Reduced -7.8k	-7,772 -7.0%
40	STAGWELL INC COM CL A STGW	STGW	2,362,291	$17.6m1.12%	1.12%	Added +201.8k	+201,812 9.3%
41	TRANSOCEAN LTD REGISTERED SHS RIG	RIG	3,566,644	$17.5m1.11%	1.11%	Added +414.1k	+414,078 13.1%
42	TAT TECHNOLOGIES LTD ORD NEW TATT	TATT	357,391	$17.3m1.09%	1.09%	Added +66.8k	+66,791 23.0%
43	ANI PHARMACEUTICALS INC COM ANIP	ANIP	207,362	$17.2m1.09%	1.09%	Added +27.6k	+27,646 15.4%
44	LANTHEUS HLDGS INC COM LNTH	LNTH	153,877	$17.1m1.08%	1.08%	New
45	TEXAS CAP BANCSHARES INC COM TCBI	TCBI	164,171	$17.0m1.08%	1.08%	Reduced -2.6k	-2,627 -1.6%
46	LINDBLAD EXPEDITIONS HLDGS I COM LIND	LIND	595,133	$16.8m1.07%	1.07%	Reduced -242.2k	-242,151 -28.9%
47	RADNET INC COM RDNT	RDNT	271,352	$16.8m1.06%	1.06%	Reduced -5.4k	-5,429 -2.0%
48	TEREX CORP NEW COM TEX	TEX	231,008	$16.7m1.06%	1.06%	Added +118.7k	+118,717 105.7%
49	CENTURI HOLDINGS INC COM SHS CTRI	CTRI	548,938	$16.6m1.05%	1.05%	Added +106.2k	+106,182 24.0%
50	MARRIOTT VACATIONS WORLDWIDE COM VAC	VAC	162,740	$16.6m1.05%	1.05%	New
51	EZCORP INC CL A NON VTG EZPW	EZPW	474,692	$16.4m1.04%	1.04%	Reduced -97.6k	-97,649 -17.1%
52	CHEMOURS CO COM CC	CC	790,591	$16.3m1.03%	1.03%	Reduced -190.8k	-190,774 -19.4%
53	GXO LOGISTICS INCORPORATED COMMON STOCK GXO	GXO	316,639	$16.1m1.02%	1.02%	Added +25.0k	+24,963 8.6%
54	NEXSTAR MEDIA GROUP INC COMMON STOCK NXST	NXST	88,677	$15.9m1.01%	1.01%	Reduced -1.3k	-1,340 -1.5%
55	DUCOMMUN INC DEL COM DCO	DCO	84,906	$15.8m1.00%	1.00%	Added +72.6k	+72,630 591.6%
56	BILLIONTOONE INC CL A BLLN	BLLN	129,602	$15.5m0.99%	0.99%	Added +3.3k	+3,267 2.6%
57	SSR MINING IN COM SSRM	SSRM	548,429	$15.5m0.99%	0.99%	Reduced -68.2k	-68,184 -11.1%
58	CHURCHILL DOWNS INC COM CHDN	CHDN	171,671	$15.4m0.98%	0.98%	New
59	OPERA LTD SPONSORED ADS OPRA	OPRA	765,767	$15.2m0.96%	0.96%	Added +221.1k	+221,129 40.6%
60	POPULAR INC COM NEW BPOP	BPOP	92,039	$15.1m0.96%	0.96%	Reduced -20.2k	-20,165 -18.0%
61	HERBALIFE LTD COM SHS HLF	HLF	1,145,024	$15.1m0.96%	0.96%	Added +457.4k	+457,364 66.5%
62	CALIX INC COM CALX	CALX	388,239	$14.5m0.92%	0.92%	Added +9.7k	+9,675 2.6%
63	AEHR TEST SYS COM AEHR	AEHR	150,547	$14.5m0.92%	0.92%	New
64	PDF SOLUTIONS INC COM PDFS	PDFS	203,136	$14.4m0.91%	0.91%	Added +183.2k	+183,160 916.9%
65	GRAY TELEVISION INC COM GTN	GTN	3,503,974	$13.9m0.88%	0.88%	Reduced -112.2k	-112,236 -3.1%
66	PRIMORIS SVCS CORP COM PRIM	PRIM	138,964	$13.8m0.87%	0.87%	New
67	MOELIS & CO CL A MC	MC	210,064	$13.8m0.87%	0.87%	New
68	CHEFS WHSE INC COM CHEF	CHEF	137,839	$13.3m0.84%	0.84%	Reduced -131.4k	-131,380 -48.8%
69	ALPHATEC HLDGS INC COM NEW ATEC	ATEC	1,488,060	$12.9m0.82%	0.82%	Added +91.1k	+91,118 6.5%
70	SCRIPPS E W CO OHIO CL A NEW SSP	SSP	4,631,474	$12.8m0.81%	0.81%	Added +273.2k	+273,209 6.3%
71	CALIFORNIA RES CORP COM STOCK CRC	CRC	211,132	$11.2m0.71%	0.71%	Reduced -17.2k	-17,158 -7.5%
72	VISTEON CORP COM NEW VC	VC	108,028	$10.7m0.68%	0.68%	New
73	CELANESE CORP DEL COM CE	CE	200,758	$9.3m0.59%	0.59%	Reduced -70.2k	-70,240 -25.9%
74	DNOW INC COM DNOW	DNOW	669,753	$8.7m0.55%	0.55%	Reduced -508.2k	-508,171 -43.1%
75	NORTHERN OIL & GAS INC COM NOG	NOG	462,547	$8.4m0.53%	0.53%	Reduced -98.0k	-98,023 -17.5%
76	NATIONAL BK HLDGS CORP CL A NBHC	NBHC	162,446	$7.2m0.46%	0.46%	Added +153.7k	+153,721 1761.8%
77	FREIGHTCAR AMER INC COM RAIL	RAIL	339,200	$3.3m0.21%	0.21%	Added +194.7k	+194,684 134.7%
78	MIDDLESEX WTR CO COM MSEX	MSEX	54,308	$3.0m0.19%	0.19%	Added +713	+713 1.3%
79	YORK WTR CO COM YORW	YORW	97,796	$3.0m0.19%	0.19%	Added +8.5k	+8,525 9.6%
80	SURGERY PARTNERS INC COM SGRY	SGRY	175,083	$2.9m0.19%	0.19%	New
81	STEPAN CO COM SCL	SCL	51,552	$2.9m0.18%	0.18%	Added +11.9k	+11,896 30.0%
82	BRIGHTVIEW HLDGS INC COM BV	BV	202,694	$2.9m0.18%	0.18%	Reduced -28.9k	-28,885 -12.5%
83	STRATASYS LTD SHS SSYS	SSYS	333,515	$2.9m0.18%	0.18%	Added +6.2k	+6,153 1.9%
84	MONTROSE ENVIRONMENTAL GROUP COM ONT	ONT	138,744	$2.8m0.18%	0.18%	New
85	NATIONAL VISION HLDGS INC COM EYE	EYE	146,253	$2.8m0.18%	0.18%	New
86	ADDUS HOMECARE CORP COM ADUS	ADUS	25,830	$2.6m0.16%	0.16%	New
87	RLJ LODGING TR COM RLJ	RLJ	205,159	$2.4m0.16%	0.16%	Reduced -9.8k	-9,834 -4.6%
88	JFROG LTD ORD SHS FROG	FROG	26,407	$2.4m0.15%	0.15%	New
89	CIVEO CORP CDA COM NEW CVEO	CVEO	67,572	$2.4m0.15%	0.15%	New
90	SABRE CORP COM SABR	SABR	1,086,695	$2.3m0.14%	0.14%	New
91	NORTHWEST NAT HLDG CO COM NWN	NWN	43,387	$2.1m0.14%	0.14%	Added +30.0k	+30,016 224.5%
92	TETRA TECHNOLOGIES INC DEL COM TTI	TTI	180,867	$2.0m0.13%	0.13%	Added +69.5k	+69,500 62.4%
93	RAMBUS INC DEL COM RMBS	RMBS	14,204	$1.9m0.12%	0.12%	Added +1.8k	+1,833 14.8%
94	GILAT SATELLITE NETWORKS LTD SHS NEW GILT	GILT	139,273	$1.9m0.12%	0.12%	Added +103.8k	+103,798 292.6%
95	PARK AEROSPACE CORP COM PKE	PKE	48,539	$1.9m0.12%	0.12%	Reduced -73.1k	-73,120 -60.1%
96	AFFILIATED MANAGERS GROUP IN COM AMG	AMG	5,397	$1.8m0.12%	0.12%	Added +898	+898 20.0%
97	DRAFTKINGS INC NEW COM CL A DKNG	DKNG	71,960	$1.8m0.12%	0.12%	Added +31.7k	+31,749 79.0%
98	MASTEC INC COM MTZ	MTZ	4,321	$1.8m0.12%	0.12%	Reduced -2.3k	-2,268 -34.4%
99	NEUROCRINE BIOSCIENCES INC COM NBIX	NBIX	10,600	$1.8m0.11%	0.11%	New
100	PINNACLE FINL PARTNERS INC COM PNFP	PNFP	17,236	$1.8m0.11%	0.11%	Added +4.8k	+4,821 38.8%

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
CAESARS ENTERTAINMENT INC NE CZR	CZR	895,540	$23.7m895.5k shares
AMENTUM HOLDINGS INC AMTM	AMTM	694,352	$18.2m694.4k shares
DYCOM INDS INC DY	DY	44,545	$15.1m44.5k shares
APPLIED OPTOELECTRONICS INC AAOI	AAOI	176,453	$14.9m176.5k shares
HARROW INC HROW	HROW	407,896	$14.4m407.9k shares
BOYD GAMING CORP BYD	BYD	155,779	$12.8m155.8k shares
VSE CORP VSEC	VSEC	66,934	$12.4m66.9k shares
LAZARD INC LAZ	LAZ	264,864	$11.3m264.9k shares
ITRON INC ITRI	ITRI	119,824	$10.8m119.8k shares
UNITI GROUP LLC UNIT	UNIT	1,140,776	$10.7m1.1m shares
MIAMI INTL HLDGS INC MIAX	MIAX	273,834	$10.7m273.8k shares
MERCURY SYS INC MRCY	MRCY	127,789	$9.3m127.8k shares
SOLENO THERAPEUTICS INC SLNO	SLNO	268,785	$9.0m268.8k shares
ARCUTIS BIOTHERAPEUTICS INC ARQT	ARQT	333,130	$7.9m333.1k shares
INNOSPEC INC IOSP	IOSP	33,286	$2.4m33.3k shares
TENNANT CO TNC	TNC	29,732	$2.0m29.7k shares
THE REALREAL INC REAL	REAL	206,440	$1.9m206.4k shares
CAMPING WORLD HLDGS INC CWH	CWH	266,256	$1.8m266.3k shares
SPORTRADAR GROUP AG SRAD	SRAD	94,087	$1.6m94.1k shares
METHODE ELECTRS INC MEI	MEI	267,974	$1.5m268.0k shares
SUMMIT HOTEL PPTYS INC INN	INN	311,206	$1.4m311.2k shares
DISTRIBUTION SOLUTIONS GRP I DSGR	DSGR	43,431	$1.1m43.4k shares
HARMONIC INC HLIT	HLIT	116,424	$1.0m116.4k shares
CELSIUS HLDGS INC CELH	CELH	26,298	$951.1k26.3k shares
SIMILARWEB LTD SMWB	SMWB	360,366	$940.6k360.4k shares