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Pentwater Capital Management Portfolio holdings

AUM $19.3B
1-Year Est. Return 58.13%
This Fund
S&P 500
This Quarter Est. Return
-0.32%
1 Year Est. Return
+58.13%
3 Year Est. Return
+179.76%
5 Year Est. Return
+629.27%
10 Year Est. Return
+5,046.05%
AUM
$6.4B
AUM Growth
-$2.91B
Cap. Flow
-$2.77B
Cap. Flow %
-43.38%
Top 10 Hldgs %
64.6%
Holding
239
New
57
Increased
26
Reduced
57
Closed
84

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$264M
2
ONCE
Spark Therapeutics, Inc. Common Stock
ONCE
+$133M
3
PCG icon
PG&E
PCG
+$60.6M
4
VIAB
Viacom Inc. Class B
VIAB
+$55.8M
5
PM icon
Philip Morris
PM
+$43.6M

Top Sells

Rank Stock Value
1
APC
Anadarko Petroleum
APC
+$619M
2
AGN
Allergan plc
AGN
+$582M
3
RHT
Red Hat Inc
RHT
+$457M
4
NXPI icon
NXP Semiconductors
NXPI
+$223M
5
ARRY
Array Biopharma Inc
ARRY
+$128M

Sector Composition

Rank Sector Weight
1 Healthcare 12.92%
2 Technology 7.16%
3 Industrials 2.45%
4 Consumer Discretionary 2.31%
5 Materials 2.06%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
APC
226
PUT
DELISTED
Anadarko Petroleum
APC
– –
-220,000
Closed -$15.5M
DATA
227
DELISTED
Tableau Software, Inc.
DATA
– –
-603,416
Closed -$100M
WP
228
DELISTED
Worldpay, Inc.
WP
– –
-828,543
Closed -$102M
ARRY
229
DELISTED
Array Biopharma Inc
ARRY
– –
-2,765,000
Closed -$128M
PETX
230
DELISTED
Aratana Therapeutics, Inc.
PETX
– –
-200,000
Closed -$1.03M
TRCO
231
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
– –
-1,300,000
Closed -$60.1M
TSS
232
DELISTED
Total System Services, Inc.
TSS
– –
-200,000
Closed -$25.7M
RHT
233
DELISTED
Red Hat Inc
RHT
– –
-2,434,507
Closed -$457M
RHT
234
PUT
DELISTED
Red Hat Inc
RHT
– –
-420,000
Closed -$78.9M
FNSR
235
DELISTED
Finisar Corp
FNSR
– –
-502,529
Closed -$11.5M
FDC
236
DELISTED
First Data Corporation
FDC
– –
-2,800,000
Closed -$75.8M
HHR
237
DELISTED
HeadHunter Group PLC American Depositary Shares
HHR
– –
-10,000
Closed -$163K
6 7 8 9
10

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LF
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MIM
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SPIA
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Pentwater Capital Management's Q3 2019 Portfolio in Review

As of Q3 2019, Pentwater Capital Management held 239 positions worth $6.4B, down 31% from $9.31B the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Pentwater Capital Management withdrew a net $2.77B in Q3 2019, closing 84 positions and reducing 57 holdings. Its most notable exit was Anadarko Petroleum, an estimated $619M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 13% of assets, down from 16% a quarter earlier, followed by Technology and Industrials.

Against the trend, Pentwater Capital Management opened a new position in Viacom Inc. Class B worth $48.1M.

  • Pentwater Capital Management's largest Q3 2019 buy was Viacom Inc. Class B: 2,000,100 shares worth $48.1M.
  • Pentwater Capital Management added most to State Street SPDR S&P 500 ETF Trust in Q3 2019, an estimated $264M increase.
  • Pentwater Capital Management's biggest Q3 2019 reduction was Allergan plc, cutting an estimated $582M.
  • Pentwater Capital Management fully exited Anadarko Petroleum in Q3 2019, selling an estimated $619M.
  • Pentwater Capital Management's ten largest holdings make up 65% of its $6.4B portfolio in Q3 2019.
  • Pentwater Capital Management opened 57 new positions and closed 84 in Q3 2019.
  • Pentwater Capital Management's portfolio value fell 31% quarter-over-quarter to $6.4B.

Based on Pentwater Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.