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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
+2.71%
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
$9.84B
AUM Growth
-$2.28B
Cap. Flow
-$2.08B
Cap. Flow %
-21.12%
Top 10 Hldgs %
57.61%
Holding
370
New
68
Increased
62
Reduced
62
Closed
140

Top Buys

Rank Stock Value
1
NUAN
Nuance Communications, Inc.
NUAN
+$293M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$273M
3
HRC
HILL-ROM HOLDINGS, INC.
HRC
+$250M
4
FIVN icon
FIVE9
FIVN
+$227M
5
INFO
IHS Markit Ltd. Common Shares
INFO
+$181M

Top Sells

Rank Stock Value
1
MXIM
Maxim Integrated Products
MXIM
+$1.18B
2
ALXN
Alexion Pharmaceuticals
ALXN
+$906M
3
WORK
Slack Technologies, Inc.
WORK
+$861M
4
PFPT
Proofpoint, Inc.
PFPT
+$438M
5
PRAH
PRA Health Sciences, Inc.
PRAH
+$205M

Sector Composition

Rank Sector Weight
1 Technology 13.73%
2 Healthcare 12.3%
3 Communication Services 11.97%
4 Industrials 9.76%
5 Consumer Discretionary 3.37%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HUYA
251
Huya Inc
HUYA
$558M
– –
-180,000
Closed -$3.18M
ICLR icon
252
CALL
Icon
ICLR
$12.7B
– –
-30,000
Closed -$6.2M
ICVT icon
253
PUT
iShares Convertible Bond ETF
ICVT
$7.46B
– –
-300,000
Closed -$9.81M
IIPR icon
254
Innovative Industrial Properties
IIPR
$1.72B
– –
-15,000
Closed -$2.87M
IPO icon
255
PUT
Renaissance IPO ETF
IPO
$161M
– –
-100,000
Closed -$6.62M
KRT icon
256
Karat Packaging
KRT
$940M
– –
-12,500
Closed -$255K
MNDY icon
257
monday.com
MNDY
$3.94B
– –
-2,250
Closed -$503K
MX icon
258
PUT
Magnachip Semiconductor
MX
$145M
– –
-100,000
Closed -$2.39M
NRDY icon
259
Nerdy
NRDY
$96.7M
– –
-31,700
Closed -$315K
NTST
260
NETSTREIT Corp
NTST
$2.1B
– –
-25,000
Closed -$577K
NVTS icon
261
Navitas Semiconductor
NVTS
$3.63B
– –
-421,600
Closed -$4.18M
NXPI icon
262
CALL
NXP Semiconductors
NXPI
$60.4B
– –
-10,000
Closed -$2.06M
PFGC icon
263
Performance Food Group
PFGC
$18B
– –
-134,240
Closed -$6.51M
PLRX icon
264
PUT
Pliant Therapeutics
PLRX
$65M
– –
-6,500
Closed -$189K
RDWR icon
265
Radware
RDWR
$1.19B
– –
-120,000
Closed -$3.69M
REGN icon
266
Regeneron Pharmaceuticals
REGN
$80.8B
– –
-6,500
Closed -$3.63M
SHOP icon
267
Shopify
SHOP
$195B
– –
-15,000
Closed -$2.19M
SITM icon
268
SiTime
SITM
$21.8B
– –
-16,000
Closed -$2.02M
FIRY
269
Firy Inc
FIRY
$163M
– –
-2,750
Closed -$1.2M
SMWB icon
270
Similarweb
SMWB
$658M
– –
-17,000
Closed -$335K
SYF icon
271
CALL
Synchrony
SYF
$25.6B
– –
-100,000
Closed -$4.85M
UAL icon
272
CALL
United Airlines
UAL
$42.1B
– –
-190,000
Closed -$9.94M
VERX icon
273
Vertex
VERX
$1.94B
– –
-25,000
Closed -$549K
WBD icon
274
PUT
Warner Bros
WBD
$67.1B
– –
-100,000
Closed -$3.07M
WTW icon
275
CALL
Willis Towers Watson
WTW
$32B
– –
-25,400
Closed -$5.84M
9 10
11
12 13

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A
AustralianSuper Melbourne, Australia $19.2B AUM 31.95% 1-Year Est. Return
LF
Lansforsakringar Fondforvaltning Stockholm, Sweden $19.1B AUM 26.9% 1-Year Est. Return
Select Equity Group
Select Equity Group New York $19.5B AUM 17.33% 1-Year Est. Return
MIM
MetLife Investment Management Whippany, New Jersey $19.6B AUM 32.64% 1-Year Est. Return
SPIA
Steward Partners Investment Advisory New York $19.6B AUM 22.89% 1-Year Est. Return
BPA
Beacon Pointe Advisors Newport Beach, California $18.9B AUM 18.9% 1-Year Est. Return
NAM
Nissay Asset Management Tokyo, Japan $18.9B AUM 27.21% 1-Year Est. Return

Pentwater Capital Management's Q3 2021 Portfolio in Review

As of Q3 2021, Pentwater Capital Management held 370 positions worth $9.84B, down 19% from $12.1B the previous quarter. Its ten largest holdings account for 58% of the portfolio.

Pentwater Capital Management withdrew a net $2.08B in Q3 2021, closing 140 positions and reducing 62 holdings. Its most notable exit was Maxim Integrated Products, an estimated $1.18B position sold in full.

By sector, the portfolio is most concentrated in Technology at 14% of assets, down from 20% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Pentwater Capital Management opened a new position in HILL-ROM HOLDINGS, INC. worth $278M.

  • Pentwater Capital Management's largest Q3 2021 buy was HILL-ROM HOLDINGS, INC.: 1,850,000 shares worth $278M.
  • Pentwater Capital Management added most to Nuance Communications, Inc. in Q3 2021, an estimated $293M increase.
  • Pentwater Capital Management's biggest Q3 2021 reduction was Change Healthcare Inc. Common Stock, cutting an estimated $131M.
  • Pentwater Capital Management fully exited Maxim Integrated Products in Q3 2021, selling an estimated $1.18B.
  • Pentwater Capital Management's ten largest holdings make up 58% of its $9.84B portfolio in Q3 2021.
  • Pentwater Capital Management opened 68 new positions and closed 140 in Q3 2021.
  • Pentwater Capital Management's portfolio value fell 19% quarter-over-quarter to $9.84B.

Based on Pentwater Capital Management's 13F filing for Q3 2021, filed 15 Nov 2021.