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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
+7.36%
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
$9.06B
AUM Growth
-$648M
Cap. Flow
-$858M
Cap. Flow %
-9.47%
Top 10 Hldgs %
63.86%
Holding
130
New
35
Increased
27
Reduced
20
Closed
38

Top Buys

Rank Stock Value
1
ALTM
Arcadium Lithium plc
ALTM
+$141M
2
HES
Hess
HES
+$120M
3
SMAR
Smartsheet Inc.
SMAR
+$118M
4
DFS
Discover Financial Services
DFS
+$87.8M
5
JNPR
Juniper Networks
JNPR
+$85.4M

Top Sells

Rank Stock Value
1
HUBS icon
HubSpot
HUBS
+$180M
2
SRCL
Stericycle Inc
SRCL
+$173M
3
VZIO
VIZIO Holding Corp.
VZIO
+$75.4M
4
MRO
Marathon Oil Corporation
MRO
+$67.1M
5
NVEI
Nuvei Corporation Subordinate Voting Shares
NVEI
+$66.7M

Sector Composition

Rank Sector Weight
1 Technology 13.21%
2 Materials 9.37%
3 Industrials 9.15%
4 Energy 8.29%
5 Communication Services 8%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JWN
26
DELISTED
Nordstrom
JWN
$61.6M 0.68%
+2,550,000
New +$58.9M
X
27
CALL
DELISTED
US Steel
X
$58.3M 0.64%
1,713,900
+1,613,900
+1,614% +$59.6M
PARA
28
PUT
DELISTED
Paramount Global Class B
PARA
$57.1M 0.63%
5,455,000
+2,803,700
+106% +$30.1M
CYTK icon
29
Cytokinetics
CYTK
$10.4B
$51.3M 0.57%
1,090,000
-10,000
-0.9% -$519K
SNPS icon
30
PUT
Synopsys
SNPS
$79.7B
$51M 0.56%
105,000
-16,000
-13% -$8.36M
CAR icon
31
Avis
CAR
$5.02B
$50.4M 0.56%
625,000
+148,000
+31% +$13.5M
SNPS icon
32
Synopsys
SNPS
$79.7B
$48.5M 0.54%
100,000
+5,000
+5% +$2.61M
BA icon
33
CALL
Boeing
BA
$185B
$47.8M 0.53%
270,000
-1,280,000
-83% -$201M
CYTK icon
34
PUT
Cytokinetics
CYTK
$10.4B
$43.3M 0.48%
920,900
– –
LLYVA icon
35
Liberty Live Group Series A
LLYVA
$9.09B
$40.7M 0.45%
611,500
+586,500
+2,346% +$36.4M
CCK icon
36
PUT
Crown Holdings
CCK
$13.1B
$39.7M 0.44%
480,000
+100,000
+26% +$9.1M
ENLC
37
DELISTED
ENLINK MIDSTREAM, LLC
ENLC
$36.4M 0.4%
+2,575,000
New +$38.4M
EDR
38
PUT
DELISTED
Endeavor Group Holdings, Inc.
EDR
$35M 0.39%
+1,117,000
New +$33.3M
CCL icon
39
Carnival Corporation Ltd
CCL
$39.7B
$33.6M 0.37%
1,350,000
+350,000
+35% +$8.19M
CCL icon
40
PUT
Carnival Corporation Ltd
CCL
$39.7B
$29.9M 0.33%
1,200,000
+850,000
+243% +$19.9M
HUBS icon
41
PUT
HubSpot
HUBS
$10.5B
$24.4M 0.27%
35,000
-165,500
-83% -$106M
SNPS icon
42
CALL
Synopsys
SNPS
$79.7B
$19.4M 0.21%
40,000
– –
IE icon
43
Ivanhoe Electric
IE
$1.74B
$19.4M 0.21%
2,566,000
-187,000
-7% -$1.73M
BERY
44
DELISTED
Berry Global Group, Inc.
BERY
$18.3M 0.2%
+283,000
New +$18.7M
HCP
45
DELISTED
HashiCorp, Inc. Class A Common Stock
HCP
$16.4M 0.18%
478,484
-1,771,516
-79% -$60M
CAR icon
46
PUT
Avis
CAR
$5.02B
$15.3M 0.17%
190,000
+50,000
+36% +$4.56M
ATSG
47
DELISTED
Air Transport Services Group
ATSG
$15M 0.17%
+682,000
New +$13.5M
NUE icon
48
CALL
Nucor
NUE
$62.1B
$13.4M 0.15%
+115,000
New +$16.5M
CYTK icon
49
CALL
Cytokinetics
CYTK
$10.4B
$13.2M 0.15%
280,000
– –
TECK icon
50
Teck Resources
TECK
$32.6B
$11.3M 0.13%
280,000
+140,000
+100% +$6.54M
1
2
3 4 5

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Pentwater Capital Management's Q4 2024 Portfolio in Review

As of Q4 2024, Pentwater Capital Management held 130 positions worth $9.06B, down 6.7% from $9.71B the previous quarter. Its ten largest holdings account for 64% of the portfolio.

Pentwater Capital Management withdrew a net $858M in Q4 2024, closing 38 positions and reducing 20 holdings. Its most notable exit was Stericycle Inc, an estimated $173M position sold in full.

By sector, the portfolio is most concentrated in Technology at 13% of assets, down from 14% a quarter earlier, followed by Materials and Industrials.

Against the trend, Pentwater Capital Management opened a new position in Arcadium Lithium plc worth $141M.

  • Pentwater Capital Management's largest Q4 2024 buy was Arcadium Lithium plc: 27,550,000 shares worth $141M.
  • Pentwater Capital Management added most to Hess in Q4 2024, an estimated $120M increase.
  • Pentwater Capital Management's biggest Q4 2024 reduction was HubSpot, cutting an estimated $180M.
  • Pentwater Capital Management fully exited Stericycle Inc in Q4 2024, selling an estimated $173M.
  • Pentwater Capital Management's ten largest holdings make up 64% of its $9.06B portfolio in Q4 2024.
  • Pentwater Capital Management opened 35 new positions and closed 38 in Q4 2024.
  • Pentwater Capital Management's portfolio value fell 6.7% quarter-over-quarter to $9.06B.

Based on Pentwater Capital Management's 13F filing for Q4 2024, filed 14 Feb 2025.