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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
+22.84%
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
$13.4B
AUM Growth
-$687M
Cap. Flow
-$1.53B
Cap. Flow %
-11.43%
Top 10 Hldgs %
54.68%
Holding
208
New
60
Increased
39
Reduced
32
Closed
54

Top Buys

Rank Stock Value
1
HSP
HOSPIRA INC
HSP
+$486M
2
PCYC
PHARMACYCLICS INC
PCYC
+$431M
3
SLXP
SALIX PHARMACEUTICALS LTD DEL
SLXP
+$333M
4
FDO
FAMILY DOLLAR STORES
FDO
+$260M
5
CTRX
CATAMARAN CORP COM STK (CDA)
CTRX
+$183M

Top Sells

Rank Stock Value
1
AGN
Allergan Inc
AGN
+$1.19B
2
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
+$802M
3
CFN
CAREFUSION CORPORATION
CFN
+$430M
4
CBST
CUBIST PHARMACEUTICALS INC
CBST
+$261M
5
CVD
COVANCE INC.
CVD
+$146M

Sector Composition

Rank Sector Weight
1 Technology 8.81%
2 Consumer Discretionary 6.52%
3 Healthcare 5.43%
4 Energy 4.55%
5 Consumer Staples 3.71%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VER
26
DELISTED
VEREIT, Inc.
VER
$122M 0.91%
2,477,740
+2,464,738
+18,957% +$118M
ESPR
27
DELISTED
Esperion Therapeutics
ESPR
$120M 0.9%
1,296,000
-174,000
-12% -$11.2M
GM icon
28
General Motors
GM
$78.2B
$116M 0.87%
3,090,834
-889,166
-22% -$32.3M
HAL icon
29
PUT
Halliburton
HAL
$26.6B
$113M 0.85%
2,580,000
+120,000
+5% +$5M
BRSL
30
Brightstar Lottery PLC
BRSL
$2.08B
$105M 0.79%
6,045,000
+125,000
+2% +$2.17M
DRII
31
DELISTED
DIAMOND RESORTS INTL, INC
DRII
$99.2M 0.74%
2,966,411
-183,589
-6% -$5.76M
ZTS icon
32
CALL
Zoetis
ZTS
$31.2B
$97.2M 0.73%
2,100,000
– –
CMCSA icon
33
PUT
Comcast
CMCSA
$87.8B
$97.1M 0.73%
3,440,000
-2,000,000
-37% -$57.5M
SLXP
34
PUT
DELISTED
SALIX PHARMACEUTICALS LTD DEL
SLXP
$84.7M 0.63%
490,000
-410,000
-46% -$60.2M
GM icon
35
CALL
General Motors
GM
$78.2B
$83.3M 0.62%
2,220,000
-280,000
-11% -$10.2M
ARUN
36
DELISTED
ARUBA NETWORKS, INC.
ARUN
$78.4M 0.59%
+3,200,000
New +$64.4M
BHC icon
37
CALL
Bausch Health
BHC
$2.35B
$63.6M 0.48%
320,000
-600,000
-65% -$106M
FSL
38
DELISTED
FREESCALE SEMICONDUCTOR LTD
FSL
$63.2M 0.47%
+1,550,000
New +$53.4M
ALTR
39
DELISTED
Altera Corp
ALTR
$60.9M 0.46%
+1,420,000
New +$50.8M
HAL icon
40
CALL
Halliburton
HAL
$26.6B
$59M 0.44%
1,345,000
+700,000
+109% +$29.2M
VOD icon
41
CALL
Vodafone
VOD
$35.4B
$50.1M 0.37%
1,533,600
-6,146,400
-80% -$211M
TAP icon
42
Molson Coors Class B
TAP
$7.85B
$46.9M 0.35%
+630,000
New +$47.5M
ZTS icon
43
PUT
Zoetis
ZTS
$31.2B
$46.3M 0.35%
1,000,000
-800,000
-44% -$36.1M
ALTR
44
PUT
DELISTED
Altera Corp
ALTR
$45.1M 0.34%
+1,050,000
New +$37.6M
SLXP
45
CALL
DELISTED
SALIX PHARMACEUTICALS LTD DEL
SLXP
$43.2M 0.32%
250,000
+100,000
+67% +$14.7M
HLF icon
46
PUT
Herbalife
HLF
$1.31B
$40.6M 0.3%
1,900,000
+1,829,400
+2,591% +$31.2M
SPY icon
47
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$819B
$37.2M 0.28%
180,000
– –
AAL icon
48
PUT
American Airlines Group
AAL
$11B
$36.9M 0.28%
700,000
-500,000
-42% -$25.4M
SYK icon
49
CALL
Stryker
SYK
$129B
$36.9M 0.28%
+400,000
New +$37.2M
ABBV icon
50
CALL
AbbVie
ABBV
$435B
$36.7M 0.27%
627,600
+347,600
+124% +$21M
1
2
3 4 5

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Pentwater Capital Management's Q1 2015 Portfolio in Review

As of Q1 2015, Pentwater Capital Management held 208 positions worth $13.4B, down 4.9% from $14.1B the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Pentwater Capital Management withdrew a net $1.53B in Q1 2015, closing 54 positions and reducing 32 holdings. Its most notable exit was Allergan Inc, an estimated $1.19B position sold in full.

By sector, the portfolio is most concentrated in Technology at 8.8% of assets, up from 7.1% a quarter earlier, followed by Consumer Discretionary and Healthcare.

Against the trend, Pentwater Capital Management opened a new position in HOSPIRA INC worth $545M.

  • Pentwater Capital Management's largest Q1 2015 buy was HOSPIRA INC: 6,200,000 shares worth $545M.
  • Pentwater Capital Management added most to SALIX PHARMACEUTICALS LTD DEL in Q1 2015, an estimated $333M increase.
  • Pentwater Capital Management's biggest Q1 2015 reduction was TRW AUTOMOTIVE HOLDINGS CORP, cutting an estimated $145M.
  • Pentwater Capital Management fully exited Allergan Inc in Q1 2015, selling an estimated $1.19B.
  • Pentwater Capital Management's ten largest holdings make up 55% of its $13.4B portfolio in Q1 2015.
  • Pentwater Capital Management opened 60 new positions and closed 54 in Q1 2015.
  • Pentwater Capital Management's portfolio value fell 4.9% quarter-over-quarter to $13.4B.

Based on Pentwater Capital Management's 13F filing for Q1 2015, filed 15 May 2015.