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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
+23.69%
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
$5.7B
AUM Growth
-$3.24B
Cap. Flow
-$3.84B
Cap. Flow %
-67.41%
Top 10 Hldgs %
65.27%
Holding
186
New
39
Increased
32
Reduced
32
Closed
63

Top Buys

Rank Stock Value
1
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
+$294M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$157M
3
STOR
STORE Capital Corporation
STOR
+$75.8M
4
DEN
Denbury Inc.
DEN
+$54.1M
5
KNBE
KnowBe4, Inc. Class A Common Stock
KNBE
+$46.7M

Top Sells

Rank Stock Value
1
TWTR
Twitter, Inc.
TWTR
+$1.03B
2
TRQ
Turquoise Hill Resources Ltd
TRQ
+$855M
3
AVLR
Avalara, Inc.
AVLR
+$434M
4
CTXS
Citrix Systems Inc
CTXS
+$421M
5
ZEN
ZENDESK INC
ZEN
+$319M

Sector Composition

Rank Sector Weight
1 Technology 18.18%
2 Healthcare 9.86%
3 Industrials 6.84%
4 Communication Services 6.45%
5 Real Estate 3.88%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VICI icon
26
CALL
VICI Properties
VICI
$29.4B
$47.2M 0.83%
1,457,500
-2,434,900
-63% -$78.2M
TSEM icon
27
Tower Semiconductor
TSEM
$28.5B
$46.2M 0.81%
1,070,000
+450,000
+73% +$19.6M
HTZ icon
28
Hertz
HTZ
$809M
$43.3M 0.76%
2,811,154
-335,172
-11% -$5.64M
LHCG
29
DELISTED
LHC Group LLC
LHCG
$42M 0.74%
260,000
-105,000
-29% -$17.3M
ONEM
30
DELISTED
1Life Healthcare
ONEM
$40.8M 0.72%
2,440,000
+1,119,000
+85% +$18.9M
AIMC
31
DELISTED
Altra Industrial Motion Corp
AIMC
$40.3M 0.71%
+675,000
New +$35.4M
FCX icon
32
Freeport-McMoran
FCX
$97.5B
$35M 0.61%
920,000
-430,000
-32% -$15M
SPB icon
33
Spectrum Brands
SPB
$2.07B
$34.8M 0.61%
570,634
+70,634
+14% +$3.56M
TSEM icon
34
PUT
Tower Semiconductor
TSEM
$28.5B
$34.6M 0.61%
800,000
+400,000
+100% +$17.4M
AJRD
35
DELISTED
Aerojet Rocketdyne Holdings
AJRD
$33.6M 0.59%
+600,000
New +$29.7M
PCG icon
36
PUT
PG&E
PCG
$38.5B
$32.5M 0.57%
2,000,000
– –
PSTX
37
DELISTED
Poseida Therapeutics, Inc. Common Stock
PSTX
$31.7M 0.56%
5,975,000
– –
ATCO
38
DELISTED
Atlas Corp.
ATCO
$28.8M 0.5%
1,875,000
+350,000
+23% +$5.28M
DEN
39
PUT
DELISTED
Denbury Inc.
DEN
$24.4M 0.43%
+280,000
New +$25.4M
FCX icon
40
PUT
Freeport-McMoran
FCX
$97.5B
$21.9M 0.39%
577,500
+160,000
+38% +$5.59M
VYX icon
41
CALL
NCR Voyix
VYX
$1.14B
$21.1M 0.37%
1,467,000
+456,400
+45% +$6.07M
FHN icon
42
PUT
First Horizon
FHN
$12.1B
$18.4M 0.32%
750,000
– –
AJRD
43
PUT
DELISTED
Aerojet Rocketdyne Holdings
AJRD
$16.8M 0.29%
+300,000
New +$14.9M
DJT icon
44
CALL
Trump Media & Technology Group
DJT
$2.83B
$15.1M 0.26%
1,004,000
-49,700
-5% -$971K
DOYU
45
DouYu International Holdings
DOYU
$142M
$14.4M 0.25%
1,031,285
+68,685
+7% +$803K
HZNP
46
CALL
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
$13.7M 0.24%
+120,000
New +$9.97M
QQQ icon
47
PUT
Invesco QQQ Trust
QQQ
$484B
$13.3M 0.23%
+50,000
New +$13.8M
BABA icon
48
CALL
Alibaba
BABA
$308B
$12.3M 0.22%
140,000
-330,000
-70% -$26M
DIS icon
49
Walt Disney
DIS
$181B
$12.3M 0.21%
141,000
-148,000
-51% -$14.2M
AMC icon
50
PUT
AMC Entertainment Holdings
AMC
$2.31B
$11.8M 0.21%
+291,000
New +$18.3M
1
2
3 4 5

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A
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LF
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Select Equity Group
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MIM
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SPIA
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BPA
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NAM
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Pentwater Capital Management's Q4 2022 Portfolio in Review

As of Q4 2022, Pentwater Capital Management held 186 positions worth $5.7B, down 36% from $8.94B the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Pentwater Capital Management withdrew a net $3.84B in Q4 2022, closing 63 positions and reducing 32 holdings. Its most notable exit was Twitter, Inc., an estimated $1.03B position sold in full.

By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 25% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Pentwater Capital Management opened a new position in Horizon Therapeutics Public Limited Company Ordinary Shares worth $403M.

  • Pentwater Capital Management's largest Q4 2022 buy was Horizon Therapeutics Public Limited Company Ordinary Shares: 3,539,656 shares worth $403M.
  • Pentwater Capital Management added most to State Street SPDR S&P 500 ETF Trust in Q4 2022, an estimated $157M increase.
  • Pentwater Capital Management's biggest Q4 2022 reduction was TEGNA Inc, cutting an estimated $118M.
  • Pentwater Capital Management fully exited Twitter, Inc. in Q4 2022, selling an estimated $1.03B.
  • Pentwater Capital Management's ten largest holdings make up 65% of its $5.7B portfolio in Q4 2022.
  • Pentwater Capital Management opened 39 new positions and closed 63 in Q4 2022.
  • Pentwater Capital Management's portfolio value fell 36% quarter-over-quarter to $5.7B.

Based on Pentwater Capital Management's 13F filing for Q4 2022, filed 14 Feb 2023.