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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
+28.06%
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
$8.28B
AUM Growth
+$544M
Cap. Flow
-$651M
Cap. Flow %
-7.87%
Top 10 Hldgs %
64.5%
Holding
301
New
80
Increased
38
Reduced
62
Closed
67

Top Buys

Rank Stock Value
1
WORK
Slack Technologies, Inc.
WORK
+$612M
2
XLNX
Xilinx Inc
XLNX
+$523M
3
ALXN
Alexion Pharmaceuticals
ALXN
+$380M
4
INFO
IHS Markit Ltd. Common Shares
INFO
+$271M
5
IPHI
INPHI CORPORATION
IPHI
+$171M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$448M
2
IMMU
Immunomedics Inc
IMMU
+$333M
3
TCO
Taubman Centers Inc.
TCO
+$167M
4
PCG icon
PG&E
PCG
+$160M
5
AMTD
TD Ameritrade Holding Corp
AMTD
+$159M

Sector Composition

Rank Sector Weight
1 Technology 11.92%
2 Healthcare 7.46%
3 Materials 5.96%
4 Communication Services 4.33%
5 Industrials 4.12%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DGNR.U
276
DELISTED
Dragoneer Growth Opportunities Corp. Units, each consisting of one Class A ordinary share, and one-f
DGNR.U
– –
-1,000
Closed -$12K
NAV
277
DELISTED
Navistar International
NAV
– –
-251,030
Closed -$10.9M
SINA
278
DELISTED
Sina Corp
SINA
– –
-521,700
Closed -$22.2M
NGHC
279
DELISTED
National General Holdings Corp
NGHC
– –
-1,776,791
Closed -$60M
TCO
280
DELISTED
Taubman Centers Inc.
TCO
– –
-5,010,980
Closed -$167M
TCO
281
PUT
DELISTED
Taubman Centers Inc.
TCO
– –
-3,220,000
Closed -$107M
GLIBA
282
DELISTED
GCI Liberty, Inc. Class A Common Stock (DE)
GLIBA
– –
-65,000
Closed -$5.33M
WMGI
283
DELISTED
Wright Medical Group Inc
WMGI
– –
-1,347,900
Closed -$41.2M
BITA
284
DELISTED
Bitauto Holdings Limited
BITA
– –
-1,605,000
Closed -$25.3M
ADSW
285
DELISTED
Advanced Disposal Services Inc
ADSW
– –
-3,300,560
Closed -$99.8M
LVGO
286
DELISTED
Livongo Health, Inc. Common Stock
LVGO
– –
-126,495
Closed -$17.7M
HTZ
287
DELISTED
Hertz Global Holdings, Inc.
HTZ
– –
-500,000
Closed -$555K
IMMU
288
DELISTED
Immunomedics Inc
IMMU
– –
-3,920,000
Closed -$333M
RST
289
DELISTED
ROSETTA STONE INC
RST
– –
-350,000
Closed -$10.5M
AIMT
290
DELISTED
Aimmune Therapeutics
AIMT
– –
-2,501,200
Closed -$86.2M
AMTD
291
DELISTED
TD Ameritrade Holding Corp
AMTD
– –
-4,049,500
Closed -$159M
NBL
292
DELISTED
Noble Energy, Inc.
NBL
– –
-100,000
Closed -$855K
ETFC
293
DELISTED
E*Trade Financial Corporation
ETFC
– –
-1,300,300
Closed -$65.1M
PFNX
294
DELISTED
Pfenex Inc.
PFNX
– –
-730,200
Closed -$9.31M
DLPH
295
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
– –
-3,450,000
Closed -$57.6M
MNTA
296
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
– –
-2,348,200
Closed -$123M
8 9 10 11
12

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LF
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MIM
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Pentwater Capital Management's Q4 2020 Portfolio in Review

As of Q4 2020, Pentwater Capital Management held 301 positions worth $8.28B, up 7% from $7.73B the previous quarter. Its ten largest holdings account for 64% of the portfolio.

Pentwater Capital Management withdrew a net $651M in Q4 2020, closing 67 positions and reducing 62 holdings. Its most notable exit was Immunomedics Inc, an estimated $333M position sold in full.

By sector, the portfolio is most concentrated in Technology at 12% of assets, up from 2.8% a quarter earlier, followed by Healthcare and Materials.

Against the trend, Pentwater Capital Management opened a new position in Slack Technologies, Inc. worth $765M.

  • Pentwater Capital Management's largest Q4 2020 buy was Slack Technologies, Inc.: 18,106,000 shares worth $765M.
  • Pentwater Capital Management added most to Maxim Integrated Products in Q4 2020, an estimated $150M increase.
  • Pentwater Capital Management's biggest Q4 2020 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $448M.
  • Pentwater Capital Management fully exited Immunomedics Inc in Q4 2020, selling an estimated $333M.
  • Pentwater Capital Management's ten largest holdings make up 64% of its $8.28B portfolio in Q4 2020.
  • Pentwater Capital Management opened 80 new positions and closed 67 in Q4 2020.
  • Pentwater Capital Management's portfolio value rose 7% quarter-over-quarter to $8.28B.

Based on Pentwater Capital Management's 13F filing for Q4 2020, filed 16 Feb 2021.