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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
-4.91%
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
$11.7B
AUM Growth
-$123M
Cap. Flow
+$901M
Cap. Flow %
7.71%
Top 10 Hldgs %
77.41%
Holding
194
New
48
Increased
39
Reduced
30
Closed
57

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$1.49B
2
RHT
Red Hat Inc
RHT
+$218M
3
ATHN
Athenahealth, Inc.
ATHN
+$180M
4
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
+$178M
5
ARRS
ARRIS International plc Ordinary Shares
ARRS
+$132M

Top Sells

Rank Stock Value
1
AET
Aetna Inc
AET
+$1.41B
2
ESRX
Express Scripts Holding Company
ESRX
+$1.07B
3
COL
Rockwell Collins
COL
+$619M
4
NXPI icon
NXP Semiconductors
NXPI
+$263M
5
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
+$197M

Sector Composition

Rank Sector Weight
1 Communication Services 10.15%
2 Technology 7.69%
3 Materials 2.92%
4 Healthcare 2.64%
5 Industrials 2.21%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CI icon
26
Cigna
CI
$71.5B
$55.3M 0.47%
+291,141
New +$60.7M
SPY icon
27
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$819B
$53.7M 0.46%
215,000
+165,000
+330% +$44.5M
SYF icon
28
Synchrony
SYF
$25.8B
$48.1M 0.41%
2,051,117
-47,038
-2% -$1.27M
QQQ icon
29
Invesco QQQ Trust
QQQ
$480B
$47.8M 0.41%
+310,000
New +$51.8M
DELL icon
30
PUT
Dell
DELL
$299B
$46.4M 0.4%
1,874,350
-1,148,701
-38% -$31.4M
RTX icon
31
RTX Corp
RTX
$300B
$42.1M 0.36%
+628,608
New +$49.3M
DNB
32
DELISTED
Dun & Bradstreet
DNB
$36.4M 0.31%
255,000
+155,000
+155% +$22.1M
TFCF
33
PUT
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
$32.5M 0.28%
680,000
– –
ESPR
34
PUT
DELISTED
Esperion Therapeutics
ESPR
$28.5M 0.24%
620,400
-479,600
-44% -$23.1M
ET icon
35
Energy Transfer Partners
ET
$70B
$27.1M 0.23%
2,050,000
+1,762,000
+612% +$26.8M
ELAN icon
36
Elanco Animal Health
ELAN
$13.1B
$26.3M 0.23%
835,000
+795,000
+1,988% +$26M
AIMC
37
DELISTED
Altra Industrial Motion Corp
AIMC
$25.8M 0.22%
1,025,000
+1,012,900
+8,371% +$32.9M
GDX icon
38
PUT
VanEck Gold Miners ETF
GDX
$25.5B
$25.3M 0.22%
290,000
– –
QCOM icon
39
CALL
Qualcomm
QCOM
$165B
$23.3M 0.2%
410,000
+370,000
+925% +$22.5M
D icon
40
PUT
Dominion Energy
D
$60B
$21.4M 0.18%
+300,000
New +$21.9M
CVS icon
41
PUT
CVS Health
CVS
$126B
$20M 0.17%
304,500
+124,500
+69% +$9.29M
CZR
42
DELISTED
Caesars Entertainment Corporation
CZR
$19.3M 0.17%
+2,845,000
New +$24M
CI icon
43
CALL
Cigna
CI
$71.5B
$19M 0.16%
100,000
-50,000
-33% -$10.4M
SHPG
44
DELISTED
Shire pic
SHPG
$16.1M 0.14%
92,791
-903,209
-91% -$158M
SBOW
45
DELISTED
SilverBow Resources, Inc.
SBOW
$15.1M 0.13%
638,052
– –
SCG
46
DELISTED
Scana
SCG
$13.1M 0.11%
+275,000
New +$11.8M
OEF icon
47
PUT
iShares S&P 100 ETF
OEF
$20.4B
$12.6M 0.11%
80,000
-10,000
-11% -$1.2M
ORBK
48
DELISTED
Orbotech Ltd
ORBK
$11.9M 0.1%
210,000
-40,500
-16% -$2.26M
TRQ
49
CALL
DELISTED
Turquoise Hill Resources Ltd
TRQ
$11.9M 0.1%
718,270
– –
BMS
50
DELISTED
Bemis
BMS
$11.7M 0.1%
255,000
+15,000
+6% +$699K
1
2
3 4 5

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MGP
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LF
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MIM
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Pentwater Capital Management's Q4 2018 Portfolio in Review

As of Q4 2018, Pentwater Capital Management held 194 positions worth $11.7B, down 1% from $11.8B the previous quarter. Its ten largest holdings account for 77% of the portfolio.

Pentwater Capital Management deployed $901M of net new capital in Q4 2018, opening 48 new positions and adding to 39 existing holdings. Its largest new stake was Red Hat Inc: 1,373,000 shares worth $241M.

By sector, the portfolio is most concentrated in Communication Services at 10% of assets, up from 7.3% a quarter earlier, followed by Technology and Materials.

On the sell side, the largest reduction was NXP Semiconductors, an estimated $263M trimmed.

  • Pentwater Capital Management's largest Q4 2018 buy was Red Hat Inc: 1,373,000 shares worth $241M.
  • Pentwater Capital Management added most to State Street SPDR S&P 500 ETF Trust in Q4 2018, an estimated $1.49B increase.
  • Pentwater Capital Management's biggest Q4 2018 reduction was NXP Semiconductors, cutting an estimated $263M.
  • Pentwater Capital Management fully exited Aetna Inc in Q4 2018, selling an estimated $1.41B.
  • Pentwater Capital Management's ten largest holdings make up 77% of its $11.7B portfolio in Q4 2018.
  • Pentwater Capital Management opened 48 new positions and closed 57 in Q4 2018.
  • Pentwater Capital Management's portfolio value fell 1% quarter-over-quarter to $11.7B.

Based on Pentwater Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.