Pentwater Capital Management’s COVANCE INC. CVD Stock Holding History

Pentwater Capital Management’s Portfolio CVD Stock Details CVD Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2015 Q1	–	Sell	-1,405,350	Closed	-$146M	–	186
2014 Q4	$146M	Buy	+1,405,350	New	+$132M	1.04%	22

Other funds holding CVD

California Public Employees Retirement System Sacramento, California $162B AUM 25.78% 1-Year Est. Return

Burney Company Reston, Virginia $3.71B AUM 37.66% 1-Year Est. Return

Pentwater Capital Management's CVD Position: Q1 2015 in Review

Pentwater Capital Management sold out of COVANCE INC. (CVD) in Q1 2015, closing a stake of 1,405,350 shares — an estimated $146M sold.

Pentwater Capital Management first reported a position in CVD in Q4 2014 and held it in 1 quarter. The position peaked at $146M in Q4 2014. 2 funds tracked by Wall St. Rank hold CVD as of Q1 2015.

Pentwater Capital Management reported no remaining COVANCE INC. position as of Q1 2015 after selling out during the quarter.
Pentwater Capital Management sold 1,405,350 COVANCE INC. shares in Q1 2015, an estimated $146M.
Pentwater Capital Management first reported a position in COVANCE INC. in Q4 2014 and held it in 1 quarter.
Pentwater Capital Management's COVANCE INC. position peaked at $146M in Q4 2014.
2 funds tracked by Wall St. Rank held COVANCE INC. as of Q1 2015.

Based on Pentwater Capital Management's 13F filing for Q1 2015, filed 15 May 2015.