We are live on
!
Find out more
PCM
Pentwater Capital Management Portfolio holdings
AUM
$19.3B
1-Year Est. Return
58.13%
This Fund
S&P 500
This Quarter
Est. Return
+19.6%
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
$7.93B
AUM Growth
-$3.77B
(-32%)
Cap. Flow
-$4.52B
Cap. Flow
% of AUM
-56.99%
Top 10 Holdings %
Top 10 Hldgs %
66.7%
Holding
190
New
53
Increased
24
Reduced
41
Closed
54
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CELG
Celgene Corp
CELG
|
+$856M |
| 2 |
WCG
Wellcare Health Plans, Inc.
WCG
|
+$278M |
| 3 |
Walt Disney
DIS
|
+$197M |
| 4 |
MLNX
Mellanox Technologies, Ltd.
MLNX
|
+$157M |
| 5 |
PG&E
PCG
|
+$92.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.47B |
| 2 |
NXP Semiconductors
NXPI
|
+$712M |
| 3 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$512M |
| 4 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$359M |
| 5 |
ATHN
Athenahealth, Inc.
ATHN
|
+$201M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 14.11% |
| 2 | Communication Services | 7.4% |
| 3 | Technology | 5.96% |
| 4 | Materials | 5.43% |
| 5 | Utilities | 1.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Eli Lilly
LLY
$1.06T
| $64.9M | 0.82% |
+500,000
| New | +$60.8M |
|
|
TRCO
27
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $60M | 0.76% |
1,300,000
-166,800
| -11% | -$7.67M |
|
28
CALL
Centene
CNC
$31.7B
| $55.8M | 0.7% |
+1,050,000
| New | +$63.7M |
|
|
WCG
29
PUT
DELISTED
Wellcare Health Plans, Inc.
WCG
| $48.6M | 0.61% |
+180,000
| New | +$46.5M |
|
|
FDC
30
DELISTED
First Data Corporation
FDC
| $34.2M | 0.43% |
1,300,000
+1,130,000
| +665% | +$26.8M |
|
|
ULTI
31
DELISTED
Ultimate Software Group Inc
ULTI
| $33M | 0.42% |
+100,000
| New | +$30.7M |
|
|
VSM
32
DELISTED
Versum Materials, Inc.
VSM
| $32.7M | 0.41% |
+650,000
| New | +$25.9M |
|
33
Energy Transfer Partners
ET
$71.2B
| $31.5M | 0.4% |
2,050,000
| – | – |
|
|
34
State Street SPDR S&P 500 ETF Trust
SPY
$818B
| $28.5M | 0.36% |
101,000
-5,412,000
| -98% | -$1.47B |
|
35
PUT
VanEck Gold Miners ETF
GDX
$25.6B
| $27.6M | 0.35% |
260,000
-30,000
| -10% | -$660K |
|
36
PUT
American Airlines Group
AAL
$10.6B
| $26.2M | 0.33% |
825,000
+515,000
| +166% | +$17.3M |
|
|
ZAYO
37
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $25.6M | 0.32% |
+900,000
| New | +$23.9M |
|
|
WP
38
DELISTED
Worldpay, Inc.
WP
| $25M | 0.32% |
+220,000
| New | +$20M |
|
|
AIMC
39
DELISTED
Altra Industrial Motion Corp
AIMC
| $18.8M | 0.24% |
605,000
-420,000
| -41% | -$12.7M |
|
|
40
PUT
Centene
CNC
$31.7B
| $15.9M | 0.2% |
+300,000
| New | +$18.2M |
|
41
PUT
Analog Devices
ADI
$184B
| $15.8M | 0.2% |
+150,000
| New | +$15M |
|
|
WBC
42
DELISTED
WABCO HOLDINGS INC.
WBC
| $15.2M | 0.19% |
+115,000
| New | +$14.2M |
|
43
Cigna
CI
$72.7B
| $15.1M | 0.19% |
93,734
-197,407
| -68% | -$36.1M |
|
|
SBOW
44
DELISTED
SilverBow Resources, Inc.
SBOW
| $14.7M | 0.19% |
638,052
| – | – |
|
|
45
CALL
Walt Disney
DIS
$182B
| $13.6M | 0.17% |
122,500
+104,500
| +581% | +$11.7M |
|
|
VER
46
DELISTED
VEREIT, Inc.
VER
| $13M | 0.16% |
310,909
+4,000
| +1% | +$160K |
|
47
Boeing
BA
$184B
| $13M | 0.16% |
+34,000
| New | +$13.1M |
|
|
BMS
48
DELISTED
Bemis
BMS
| $11.7M | 0.15% |
210,000
-45,000
| -18% | -$2.29M |
|
49
CALL
Qualcomm
QCOM
$168B
| $11.1M | 0.14% |
195,000
-215,000
| -52% | -$11.6M |
|
50
PUT
Texas Instruments
TXN
$254B
| $10.6M | 0.13% |
+100,000
| New | +$10.4M |
|
Similar funds
CS
A
LF
MIM
SPIA
BPA
NAM
Pentwater Capital Management's Q1 2019 Portfolio in Review
As of Q1 2019, Pentwater Capital Management held 190 positions worth $7.93B, down 32% from $11.7B the previous quarter. Its ten largest holdings account for 67% of the portfolio.
Pentwater Capital Management withdrew a net $4.52B in Q1 2019, closing 54 positions and reducing 41 holdings. Its most notable exit was Twenty-First Century Fox, Inc. Class A, an estimated $512M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 14% of assets, up from 2.6% a quarter earlier, followed by Communication Services and Technology.
Against the trend, Pentwater Capital Management opened a new position in Celgene Corp worth $923M.
- Pentwater Capital Management's largest Q1 2019 buy was Celgene Corp: 9,785,000 shares worth $923M.
- Pentwater Capital Management added most to Mellanox Technologies, Ltd. in Q1 2019, an estimated $157M increase.
- Pentwater Capital Management's biggest Q1 2019 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $1.47B.
- Pentwater Capital Management fully exited Twenty-First Century Fox, Inc. Class A in Q1 2019, selling an estimated $512M.
- Pentwater Capital Management's ten largest holdings make up 67% of its $7.93B portfolio in Q1 2019.
- Pentwater Capital Management opened 53 new positions and closed 54 in Q1 2019.
- Pentwater Capital Management's portfolio value fell 32% quarter-over-quarter to $7.93B.
Based on Pentwater Capital Management's 13F filing for Q1 2019, filed 15 May 2019.