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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
+2.72%
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
$3.61B
AUM Growth
-$1.09B
Cap. Flow
-$1.24B
Cap. Flow %
-34.43%
Top 10 Hldgs %
58.4%
Holding
148
New
48
Increased
25
Reduced
29
Closed
30

Top Buys

Rank Stock Value
1
LPS
LENDER PROCESSING SERVICES INC
LPS
+$112M
2
TRQ
Turquoise Hill Resources Ltd
TRQ
+$112M
3
SPRD
SPREADTRUM COMMUNICATIONS INC ADS (CAYMAN ISLANDS)
SPRD
+$90M
4
CTB
Cooper Tire & Rubber Co.
CTB
+$74.9M
5
HMA
HEALTH MGMT ASSOC INC CL-A
HMA
+$63.3M

Top Sells

Rank Stock Value
1
PFE icon
Pfizer
PFE
+$783M
2
FON
SPRINT CORP FON COM
FON
+$606M
3
ZTS icon
Zoetis
ZTS
+$257M
4
GDI
GARDNER DENVER,INC
GDI
+$144M
5
BMC
BMC SOFTWARE, INC
BMC
+$121M

Sector Composition

Rank Sector Weight
1 Healthcare 12.23%
2 Industrials 7.29%
3 Materials 6.06%
4 Consumer Discretionary 2.93%
5 Financials 2.22%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
APC
26
DELISTED
Anadarko Petroleum
APC
$31.6M 0.88%
340,000
+74,945
+28% +$6.82M
JPM icon
27
JPMorgan Chase
JPM
$935B
$27.7M 0.77%
536,762
-266,752
-33% -$14.3M
HLF icon
28
CALL
Herbalife
HLF
$1.29B
$26.5M 0.73%
760,000
– –
HTWR
29
DELISTED
HEARTWARE INTERNATIONAL INC COM STK (DE)
HTWR
$26.4M 0.73%
360,000
+150,000
+71% +$12.8M
NYX
30
DELISTED
NYSE EURONEXT INC
NYX
$23.8M 0.66%
+567,932
New +$23.8M
GM.WS.A
31
DELISTED
GENERAL MOTORS COMPANY WARRANT (EXPIRES 07/10/2016)
GM.WS.A
$22.8M 0.63%
861,077
– –
LCC
32
PUT
DELISTED
US AIRWAYS GROUP INC.
LCC
$21.8M 0.6%
1,152,000
-1,008,000
-47% -$17.8M
STZ icon
33
PUT
Constellation Brands
STZ
$22.2B
$21.8M 0.6%
380,000
-450,000
-54% -$24.5M
HLF icon
34
PUT
Herbalife
HLF
$1.29B
$21.6M 0.6%
620,000
+400,000
+182% +$12.4M
VPHM
35
PUT
DELISTED
VIROPHARMA INC
VPHM
$21.2M 0.59%
+540,000
New +$17.7M
CQB
36
DELISTED
CHIQUITA BRANDS INTL (NEW)
CQB
$21M 0.58%
1,657,700
-914,079
-36% -$11.4M
ZTS icon
37
PUT
Zoetis
ZTS
$32.4B
$18.7M 0.52%
+600,000
New +$18.4M
GM.WS.B
38
DELISTED
General Motors Company
GM.WS.B
$16M 0.44%
861,077
– –
WLT
39
DELISTED
WALTER ENERGY INC COM STK (DE)
WLT
$14.6M 0.4%
1,042,510
-107,500
-9% -$1.37M
CBI
40
PUT
DELISTED
Chicago Bridge & Iron Nv
CBI
$13.5M 0.37%
199,900
– –
DOLE
41
DELISTED
DOLE FOOD CO INC NEW CMN STK (DE)
DOLE
$12.9M 0.36%
950,000
+154,367
+19% +$2.05M
FLY
42
DELISTED
Fly Leasing Limited
FLY
$12.5M 0.35%
+900,000
New +$12.7M
YONG
43
DELISTED
YONGYE INTERNATIONAL, INC. COMMON STOCK
YONG
$12.4M 0.34%
2,000,000
+1,000,000
+100% +$5.81M
WLT
44
PUT
DELISTED
WALTER ENERGY INC COM STK (DE)
WLT
$12.3M 0.34%
880,000
+400,000
+83% +$5.08M
STZ icon
45
Constellation Brands
STZ
$22.2B
$12.3M 0.34%
215,000
-341,114
-61% -$18.6M
CTB
46
PUT
DELISTED
Cooper Tire & Rubber Co.
CTB
$12.3M 0.34%
+400,000
New +$13M
BRY
47
DELISTED
BERRY PETROLEUM CO CL A
BRY
$12.1M 0.34%
280,847
-167,596
-37% -$6.98M
ONXX
48
DELISTED
ONYX PHARMACEUTICALS INC
ONXX
$11.7M 0.32%
93,878
+58,878
+168% +$7.46M
RUE
49
DELISTED
RUE21 INC COM STK (DE)
RUE
$11.7M 0.32%
290,000
+140,000
+93% +$5.79M
WLT
50
CALL
DELISTED
WALTER ENERGY INC COM STK (DE)
WLT
$11M 0.3%
785,000
+70,000
+10% +$889K
1
2
3 4 5

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Pentwater Capital Management's Q3 2013 Portfolio in Review

As of Q3 2013, Pentwater Capital Management held 148 positions worth $3.61B, down 23% from $4.71B the previous quarter. Its ten largest holdings account for 58% of the portfolio.

Pentwater Capital Management withdrew a net $1.24B in Q3 2013, closing 30 positions and reducing 29 holdings. Its most notable exit was Pfizer, an estimated $783M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 12% of assets, down from 28% a quarter earlier, followed by Industrials and Materials.

Against the trend, Pentwater Capital Management opened a new position in Cooper Tire & Rubber Co. worth $70.8M.

  • Pentwater Capital Management's largest Q3 2013 buy was Cooper Tire & Rubber Co.: 2,300,000 shares worth $70.8M.
  • Pentwater Capital Management added most to LENDER PROCESSING SERVICES INC in Q3 2013, an estimated $112M increase.
  • Pentwater Capital Management's biggest Q3 2013 reduction was Zoetis, cutting an estimated $257M.
  • Pentwater Capital Management fully exited Pfizer in Q3 2013, selling an estimated $783M.
  • Pentwater Capital Management's ten largest holdings make up 58% of its $3.61B portfolio in Q3 2013.
  • Pentwater Capital Management opened 48 new positions and closed 30 in Q3 2013.
  • Pentwater Capital Management's portfolio value fell 23% quarter-over-quarter to $3.61B.

Based on Pentwater Capital Management's 13F filing for Q3 2013, filed 14 Nov 2013.