2026년 2월 18일 · Unknown · financial · 출처 Yahoo Finance
This article first appeared on GuruFocus.
Exploring Alan Fournier (Trades, Portfolio)'s Latest Investment Decisions
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Alan Fournier (Trades, Portfolio) recently submitted the 13F filing for the fourth quarter of 2025, providing insights into his investment moves during this period. Alan Fournier (Trades, Portfolio) used to manage the Pennant Master Fund, Pennant Windward Master Fund, Broadway Gate Master Fund, Ltd., and Pennant General Partner, LLC. Previously, Mr. Fournier was the partner responsible for global equity investments at Appaloosa Management L.P. He began his investment career at Sanford C. Bernstein in 1988. Before entering the investment management industry, Mr. Fournier spent five years in technology system sales for Digital Equipment Corporation, where he was a national account manager. In 2018, Mr. Fournier decided to return clients capital after a period of lackluster returns and converted his firm to a family office. Mr. Fournier famously has never taken a finance or accounting course. His investment strategy is a combination of what he learned while working at Bernstein, Pneza Investment, and Appaloosa Management. His firms strategy focused on a buy and hold, long/short approach that included hedging, leverage, option trading, and short-selling. In terms of long positions, Mr. Fournier places emphasis on growth and value qualities.Alan Fournier's Strategic Move: Solstice Advanced Materials Inc Takes Center Stage
Summary of New Buy
Alan Fournier (Trades, Portfolio) added a total of 1 stock, among them:
The most significant addition was Solstice Advanced Materials Inc (NASDAQ:SOLS), with 700,000 shares, accounting for 8.14% of the portfolio and a total value of $34,006,000.
Key Position Increases
Alan Fournier (Trades, Portfolio) also increased stakes in a total of 1 stock, among them:
The most notable increase was CCC Intelligent Solutions Holdings Inc (NASDAQ:CCC), with an additional 1,850,000 shares, bringing the total to 2,671,502 shares. This adjustment represents a significant 225.2% increase in share count, a 3.52% impact on the current portfolio, and a total value of $21,238,440.
Key Position Reduces
Alan Fournier (Trades, Portfolio) also reduced positions in 7 stocks. The most significant changes include:
Reduced EchoStar Corp (NASDAQ:SATS) by 204,490 shares, resulting in a -21.82% decrease in shares and a -4.2% impact on the portfolio. The stock traded at an average price of $81.46 during the quarter and has returned 68.83% over the past 3 months and 3.96% year-to-date. Reduced Microsoft Corp (NASDAQ:MSFT) by 10,200 shares, resulting in a -10.78% reduction in shares and a -1.42% impact on the portfolio. The stock traded at an average price of $500.83 during the quarter and has returned -21.65% over the past 3 months and -17.94% year-to-date.
Story Continues
Portfolio Overview
At the fourth quarter of 2025, Alan Fournier (Trades, Portfolio)'s portfolio included 17 stocks, with top holdings including 19.06% in EchoStar Corp (NASDAQ:SATS), 9.77% in Microsoft Corp (NASDAQ:MSFT), 8.14% in Solstice Advanced Materials Inc (NASDAQ:SOLS), 7.86% in Perimeter Solutions Inc (NYSE:PRM), and 6.89% in Alphabet Inc (NASDAQ:GOOGL).
The holdings are mainly concentrated in 6 of all the 11 industries: Communication Services, Technology, Industrials, Basic Materials, Energy, and Consumer Cyclical.
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