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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
+14.72%
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
$9.2B
AUM Growth
-$642M
Cap. Flow
-$1.37B
Cap. Flow %
-14.84%
Top 10 Hldgs %
64.58%
Holding
299
New
67
Increased
52
Reduced
50
Closed
94

Top Buys

Rank Stock Value
1
CONE
CyrusOne Inc Common Stock
CONE
+$280M
2
XLNX
Xilinx Inc
XLNX
+$229M
3
CERN
Cerner Corp
CERN
+$206M
4
HTZ icon
Hertz
HTZ
+$138M
5
BA icon
Boeing
BA
+$112M

Top Sells

Rank Stock Value
1
KSU
Kansas City Southern
KSU
+$575M
2
PPD
PPD, Inc. Common Stock
PPD
+$498M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$287M
4
HRC
HILL-ROM HOLDINGS, INC.
HRC
+$278M
5
XLRN
Acceleron Pharma
XLRN
+$181M

Sector Composition

Rank Sector Weight
1 Communication Services 15.7%
2 Technology 13.46%
3 Industrials 6.31%
4 Healthcare 5.3%
5 Materials 3.39%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ZNTL icon
251
Zentalis Pharmaceuticals
ZNTL
$302M
– –
-24,000
Closed -$1.6M
AMBR
252
Amber International Holding Ltd
AMBR
$130M
– –
-12,478
Closed -$690K
STER
253
DELISTED
Sterling Check Corp. Common Stock
STER
– –
-11,000
Closed -$286K
CALT
254
DELISTED
Calliditas Therapeutics AB American Depositary Shares
CALT
– –
-46,000
Closed -$995K
AAC.U
255
DELISTED
Ares Acquisition Corporation Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant
AAC.U
– –
-250,000
Closed -$2.48M
MGI
256
DELISTED
MoneyGram International, Inc. New
MGI
– –
-100,000
Closed -$802K
DCT
257
DELISTED
Duck Creek Technologies, Inc. Common Stock
DCT
– –
-100,000
Closed -$4.42M
TBSAU
258
DELISTED
TB SA Acquisition Corp Unit
TBSAU
– –
-100,000
Closed -$981K
EBACU
259
DELISTED
European Biotech Acquisition Corp. Units
EBACU
– –
-150,000
Closed -$1.49M
MSAC
260
DELISTED
Medicus Sciences Acquisition Corp. Class A Ordinary Share
MSAC
– –
-50,000
Closed -$488K
SPNE
261
DELISTED
SeaSpine Holdings Corporation Common Stock
SPNE
– –
-40,000
Closed -$629K
AAQC.U
262
DELISTED
Accelerate Acquisition Corp Units
AAQC.U
– –
-99,993
Closed -$1M
CNVY
263
DELISTED
Convey Health Solutions Holdings, Inc.
CNVY
– –
-25,000
Closed -$210K
CHNG
264
DELISTED
Change Healthcare Inc. Common Stock
CHNG
– –
-3,000,000
Closed -$62.8M
ATC
265
DELISTED
Atotech Limited
ATC
– –
-279,300
Closed -$6.75M
SAFM
266
DELISTED
Sanderson Farms Inc
SAFM
– –
-207,000
Closed -$39M
GNOG
267
DELISTED
Golden Nugget Online Gaming, Inc. Class A Common Stock
GNOG
– –
-115,000
Closed -$2M
FLOW
268
DELISTED
SPX FLOW, Inc.
FLOW
– –
-250,000
Closed -$18.3M
KSU
269
DELISTED
Kansas City Southern
KSU
– –
-2,123,200
Closed -$575M
KSU
270
PUT
DELISTED
Kansas City Southern
KSU
– –
-38,200
Closed -$10.3M
HRC
271
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
– –
-1,850,000
Closed -$278M
HRC
272
PUT
DELISTED
HILL-ROM HOLDINGS, INC.
HRC
– –
-200,000
Closed -$30M
PPD
273
DELISTED
PPD, Inc. Common Stock
PPD
– –
-10,640,000
Closed -$498M
CXP
274
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
– –
-1,635,817
Closed -$31.1M
DSPG
275
DELISTED
DSP Group Inc
DSPG
– –
-750,000
Closed -$16.4M
8 9 10
11
12

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Pentwater Capital Management's Q4 2021 Portfolio in Review

As of Q4 2021, Pentwater Capital Management held 299 positions worth $9.2B, down 6.5% from $9.84B the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Pentwater Capital Management withdrew a net $1.37B in Q4 2021, closing 94 positions and reducing 50 holdings. Its most notable exit was Kansas City Southern, an estimated $575M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 16% of assets, up from 12% a quarter earlier, followed by Technology and Industrials.

Against the trend, Pentwater Capital Management opened a new position in Cerner Corp worth $251M.

  • Pentwater Capital Management's largest Q4 2021 buy was Cerner Corp: 2,705,000 shares worth $251M.
  • Pentwater Capital Management added most to CyrusOne Inc Common Stock in Q4 2021, an estimated $280M increase.
  • Pentwater Capital Management's biggest Q4 2021 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $287M.
  • Pentwater Capital Management fully exited Kansas City Southern in Q4 2021, selling an estimated $575M.
  • Pentwater Capital Management's ten largest holdings make up 65% of its $9.2B portfolio in Q4 2021.
  • Pentwater Capital Management opened 67 new positions and closed 94 in Q4 2021.
  • Pentwater Capital Management's portfolio value fell 6.5% quarter-over-quarter to $9.2B.

Based on Pentwater Capital Management's 13F filing for Q4 2021, filed 11 Feb 2022.