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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
+6.6%
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
$15B
AUM Growth
+$3.38B
Cap. Flow
+$3.07B
Cap. Flow %
20.42%
Top 10 Hldgs %
64.96%
Holding
127
New
24
Increased
32
Reduced
19
Closed
31

Top Buys

Rank Stock Value
1
AET
Aetna Inc
AET
+$838M
2
QCOM icon
Qualcomm
QCOM
+$763M
3
MON
Monsanto Co
MON
+$307M
4
OA
Orbital ATK, Inc.
OA
+$183M
5
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
+$79.6M

Top Sells

Rank Stock Value
1
LVLT
Level 3 Communications Inc
LVLT
+$548M
2
SNI
Scripps Networks Interactive, Inc Common Class A
SNI
+$144M
3
CPN
Calpine Corporation
CPN
+$95.9M
4
RICE
Rice Energy Inc.
RICE
+$65.1M
5
BCR
CR Bard Inc.
BCR
+$61.9M

Sector Composition

Rank Sector Weight
1 Technology 19.87%
2 Materials 9.15%
3 Communication Services 7.52%
4 Financials 6.42%
5 Healthcare 1.22%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DELL icon
26
Dell
DELL
$262B
$116M 0.77%
5,090,221
-1,532,192
-23% -$34.7M
TFCF
27
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
$92.9M 0.62%
+2,723,404
New +$79.6M
EQT icon
28
EQT Corp
EQT
$33B
$91.6M 0.61%
2,954,671
+776,173
+36% +$25.4M
SYF icon
29
Synchrony
SYF
$25.1B
$75.8M 0.5%
1,964,449
-117,651
-6% -$4.03M
SYF icon
30
PUT
Synchrony
SYF
$25.1B
$70.9M 0.47%
1,835,800
-54,400
-3% -$1.86M
RTX icon
31
CALL
RTX Corp
RTX
$289B
$62.5M 0.42%
778,610
– –
STRP
32
DELISTED
Straight Path Communications Inc.
STRP
$60M 0.4%
330,000
-195,200
-37% -$35.4M
TFCFA
33
PUT
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$59.6M 0.4%
+1,725,000
New +$51.5M
AGN
34
CALL
DELISTED
Allergan plc
AGN
$58.9M 0.39%
360,000
+10,000
+3% +$1.79M
QQQ icon
35
PUT
Invesco QQQ Trust
QQQ
$450B
$56.7M 0.38%
364,000
-12,500
-3% -$1.91M
EQT icon
36
CALL
EQT Corp
EQT
$33B
$51.2M 0.34%
1,653,300
+238,810
+17% +$7.83M
ETP
37
CALL
DELISTED
Energy Transfer Partners, L.P.
ETP
$45.3M 0.3%
2,525,400
+2,060,000
+443% +$35.6M
EQT icon
38
PUT
EQT Corp
EQT
$33B
$44.2M 0.29%
+1,426,063
New +$46.7M
EWA icon
39
PUT
iShares MSCI Australia ETF
EWA
$1.41B
$34.7M 0.23%
462,500
– –
VMW
40
CALL
DELISTED
VMware, Inc
VMW
$31.2M 0.21%
249,300
– –
CPN
41
DELISTED
Calpine Corporation
CPN
$28.7M 0.19%
1,900,000
-6,400,000
-77% -$95.9M
AAL icon
42
PUT
American Airlines Group
AAL
$10.2B
$28.1M 0.19%
540,000
+490,000
+980% +$24.4M
VMW
43
PUT
DELISTED
VMware, Inc
VMW
$27.6M 0.18%
220,500
+175,000
+385% +$21M
AABA
44
CALL
DELISTED
Altaba Inc
AABA
$26.6M 0.18%
380,500
– –
TRQ
45
CALL
DELISTED
Turquoise Hill Resources Ltd
TRQ
$25M 0.17%
728,270
-54,290
-7% -$1.71M
SBOW
46
DELISTED
SilverBow Resources, Inc.
SBOW
$23.9M 0.16%
805,223
+263,555
+49% +$6.16M
RTX icon
47
PUT
RTX Corp
RTX
$289B
$22.3M 0.15%
278,075
+71,505
+35% +$5.43M
AVA icon
48
Avista
AVA
$3.39B
$21.8M 0.14%
422,559
+153,804
+57% +$7.98M
GDX icon
49
PUT
VanEck Gold Miners ETF
GDX
$23.5B
$19.6M 0.13%
200,000
– –
TFCFA
50
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$19.5M 0.13%
+565,597
New +$16.9M
1
2
3 4 5

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MGP
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A
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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
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SPIA
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BPA
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Pentwater Capital Management's Q4 2017 Portfolio in Review

As of Q4 2017, Pentwater Capital Management held 127 positions worth $15B, up 29% from $11.7B the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Pentwater Capital Management deployed $3.07B of net new capital in Q4 2017, opening 24 new positions and adding to 32 existing holdings. Its largest new stake was Aetna Inc: 4,880,000 shares worth $880M.

By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Materials and Communication Services.

On the sell side, the largest reduction was Scripps Networks Interactive, Inc Common Class A, an estimated $144M trimmed.

  • Pentwater Capital Management's largest Q4 2017 buy was Aetna Inc: 4,880,000 shares worth $880M.
  • Pentwater Capital Management added most to Qualcomm in Q4 2017, an estimated $763M increase.
  • Pentwater Capital Management's biggest Q4 2017 reduction was Scripps Networks Interactive, Inc Common Class A, cutting an estimated $144M.
  • Pentwater Capital Management fully exited Level 3 Communications Inc in Q4 2017, selling an estimated $548M.
  • Pentwater Capital Management's ten largest holdings make up 65% of its $15B portfolio in Q4 2017.
  • Pentwater Capital Management opened 24 new positions and closed 31 in Q4 2017.
  • Pentwater Capital Management's portfolio value rose 29% quarter-over-quarter to $15B.

Based on Pentwater Capital Management's 13F filing for Q4 2017, filed 7 Feb 2018.