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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
+2.72%
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
$3.61B
AUM Growth
-$1.09B
Cap. Flow
-$1.24B
Cap. Flow %
-34.43%
Top 10 Hldgs %
58.4%
Holding
148
New
48
Increased
25
Reduced
29
Closed
30

Top Buys

Rank Stock Value
1
LPS
LENDER PROCESSING SERVICES INC
LPS
+$112M
2
TRQ
Turquoise Hill Resources Ltd
TRQ
+$112M
3
SPRD
SPREADTRUM COMMUNICATIONS INC ADS (CAYMAN ISLANDS)
SPRD
+$90M
4
CTB
Cooper Tire & Rubber Co.
CTB
+$74.9M
5
HMA
HEALTH MGMT ASSOC INC CL-A
HMA
+$63.3M

Top Sells

Rank Stock Value
1
PFE icon
Pfizer
PFE
+$783M
2
FON
SPRINT CORP FON COM
FON
+$606M
3
ZTS icon
Zoetis
ZTS
+$257M
4
GDI
GARDNER DENVER,INC
GDI
+$144M
5
BMC
BMC SOFTWARE, INC
BMC
+$121M

Sector Composition

Rank Sector Weight
1 Healthcare 12.23%
2 Industrials 7.29%
3 Materials 6.06%
4 Consumer Discretionary 2.93%
5 Financials 2.22%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LYB icon
51
CALL
LyondellBasell Industries
LYB
$19.7B
$11M 0.3%
150,000
– –
LYB icon
52
PUT
LyondellBasell Industries
LYB
$19.7B
$11M 0.3%
150,000
-310,000
-67% -$21.6M
ONXX
53
CALL
DELISTED
ONYX PHARMACEUTICALS INC
ONXX
$10.2M 0.28%
+81,900
New +$10.4M
ICUI icon
54
ICU Medical
ICUI
$4.3B
$9.85M 0.27%
145,000
+135,000
+1,350% +$9.64M
SHFL
55
DELISTED
SHFL ENTMT INC
SHFL
$9.19M 0.25%
+400,000
New +$8.83M
LIND icon
56
Lindblad Expeditions
LIND
$2.24B
$8.73M 0.24%
+900,100
New +$8.78M
ANR
57
CALL
DELISTED
Alpha Natural Resources Inc
ANR
$8.71M 0.24%
1,461,200
– –
ZOLT
58
DELISTED
ZOLTEK COMPANIES INC
ZOLT
$8.25M 0.23%
+494,513
New +$7.04M
ESPR
59
DELISTED
Esperion Therapeutics
ESPR
$8.13M 0.23%
+431,054
New +$7.24M
TOWR
60
DELISTED
Tower International, Inc.
TOWR
$8M 0.22%
+400,000
New +$8.51M
SKS
61
DELISTED
SAKS INCORPORATED
SKS
$7.97M 0.22%
+500,000
New +$7.78M
EVAC
62
DELISTED
EDWARDS GROUP LTD ADR (CYM)
EVAC
$7.88M 0.22%
+800,000
New +$7.23M
GRA
63
DELISTED
W.R. Grace & Co.
GRA
$7.87M 0.22%
90,000
– –
FIRE
64
DELISTED
SOURCEFIRE INC COM STK
FIRE
$7.59M 0.21%
+100,000
New +$7.15M
BRSS
65
DELISTED
Global Brass & Copper Hldgs, Inc
BRSS
$7.46M 0.21%
+425,000
New +$7.88M
LCC
66
CALL
DELISTED
US AIRWAYS GROUP INC.
LCC
$7.3M 0.2%
385,000
-220,000
-36% -$3.89M
S
67
DELISTED
Sprint Corporation
S
$7.24M 0.2%
+1,164,224
New +$7.66M
ASIA
68
DELISTED
ASIAINFO-LINKAGE INC COM STK (DE)
ASIA
$6.23M 0.17%
540,000
+37,516
+7% +$434K
MCHB
69
Mechanics Bancorp
MCHB
$3.7B
$6.21M 0.17%
321,778
-40,560
-11% -$846K
UCP
70
DELISTED
UCP, Inc.
UCP
$5.94M 0.16%
+400,000
New +$5.57M
STZ icon
71
CALL
Constellation Brands
STZ
$22.4B
$5.74M 0.16%
100,000
-60,000
-38% -$3.27M
DRII
72
DELISTED
DIAMOND RESORTS INTL, INC
DRII
$5.68M 0.16%
+302,200
New +$5M
CLVS
73
PUT
DELISTED
Clovis Oncology, Inc.
CLVS
$4.5M 0.12%
+74,000
New +$5.25M
VPHM
74
CALL
DELISTED
VIROPHARMA INC
VPHM
$3.93M 0.11%
+100,000
New +$3.27M
BXMT icon
75
Blackstone Mortgage Trust
BXMT
$2.43B
$3.52M 0.1%
139,700
-10,300
-7% -$262K
1 2
3
4 5

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Pentwater Capital Management's Q3 2013 Portfolio in Review

As of Q3 2013, Pentwater Capital Management held 148 positions worth $3.61B, down 23% from $4.71B the previous quarter. Its ten largest holdings account for 58% of the portfolio.

Pentwater Capital Management withdrew a net $1.24B in Q3 2013, closing 30 positions and reducing 29 holdings. Its most notable exit was Pfizer, an estimated $783M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 12% of assets, down from 28% a quarter earlier, followed by Industrials and Materials.

Against the trend, Pentwater Capital Management opened a new position in Cooper Tire & Rubber Co. worth $70.8M.

  • Pentwater Capital Management's largest Q3 2013 buy was Cooper Tire & Rubber Co.: 2,300,000 shares worth $70.8M.
  • Pentwater Capital Management added most to LENDER PROCESSING SERVICES INC in Q3 2013, an estimated $112M increase.
  • Pentwater Capital Management's biggest Q3 2013 reduction was Zoetis, cutting an estimated $257M.
  • Pentwater Capital Management fully exited Pfizer in Q3 2013, selling an estimated $783M.
  • Pentwater Capital Management's ten largest holdings make up 58% of its $3.61B portfolio in Q3 2013.
  • Pentwater Capital Management opened 48 new positions and closed 30 in Q3 2013.
  • Pentwater Capital Management's portfolio value fell 23% quarter-over-quarter to $3.61B.

Based on Pentwater Capital Management's 13F filing for Q3 2013, filed 14 Nov 2013.