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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
+22.84%
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
$13.4B
AUM Growth
-$687M
Cap. Flow
-$1.53B
Cap. Flow %
-11.43%
Top 10 Hldgs %
54.68%
Holding
208
New
60
Increased
39
Reduced
32
Closed
54

Top Buys

Rank Stock Value
1
HSP
HOSPIRA INC
HSP
+$486M
2
PCYC
PHARMACYCLICS INC
PCYC
+$431M
3
SLXP
SALIX PHARMACEUTICALS LTD DEL
SLXP
+$333M
4
FDO
FAMILY DOLLAR STORES
FDO
+$260M
5
CTRX
CATAMARAN CORP COM STK (CDA)
CTRX
+$183M

Top Sells

Rank Stock Value
1
AGN
Allergan Inc
AGN
+$1.19B
2
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
+$802M
3
CFN
CAREFUSION CORPORATION
CFN
+$430M
4
CBST
CUBIST PHARMACEUTICALS INC
CBST
+$261M
5
CVD
COVANCE INC.
CVD
+$146M

Sector Composition

Rank Sector Weight
1 Technology 8.81%
2 Consumer Discretionary 6.52%
3 Healthcare 5.43%
4 Energy 4.55%
5 Consumer Staples 3.71%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VZ icon
51
CALL
Verizon
VZ
$195B
$35.9M 0.27%
+738,400
New +$35.6M
GM icon
52
PUT
General Motors
GM
$76.3B
$33.8M 0.25%
900,000
-2,550,000
-74% -$92.7M
CZR
53
DELISTED
Caesars Entertainment Corporation
CZR
$33.2M 0.25%
3,150,000
+770,800
+32% +$8.52M
PARA
54
CALL
DELISTED
Paramount Global Class B
PARA
$32.7M 0.24%
+540,000
New +$31.6M
TAP icon
55
CALL
Molson Coors Class B
TAP
$7.92B
$29.8M 0.22%
+400,000
New +$30.1M
OXY icon
56
Occidental Petroleum
OXY
$56B
$29.2M 0.22%
+400,681
New +$31M
SYK icon
57
Stryker
SYK
$129B
$27.7M 0.21%
+300,000
New +$27.9M
LO
58
CALL
DELISTED
LORILLARD INC COM STK
LO
$26.1M 0.2%
400,000
– –
PCYC
59
CALL
DELISTED
PHARMACYCLICS INC
PCYC
$23M 0.17%
+90,000
New +$17.4M
PARA
60
DELISTED
Paramount Global Class B
PARA
$22.9M 0.17%
377,966
+183,363
+94% +$10.7M
PRE
61
CALL
DELISTED
PARTNERRE LTD
PRE
$22.9M 0.17%
+200,000
New +$23M
CZR
62
PUT
DELISTED
Caesars Entertainment Corporation
CZR
$22.9M 0.17%
2,170,000
+1,970,000
+985% +$21.8M
HCBK
63
DELISTED
HUDSON CITY BANCORP INC
HCBK
$22.6M 0.17%
2,153,894
+2,038,857
+1,772% +$19.9M
RAI
64
DELISTED
Reynolds American Inc
RAI
$21.3M 0.16%
+618,000
New +$21.7M
RAI
65
CALL
DELISTED
Reynolds American Inc
RAI
$20.7M 0.15%
600,000
+400,000
+200% +$14M
LO
66
PUT
DELISTED
LORILLARD INC COM STK
LO
$19.6M 0.15%
300,000
-100,000
-25% -$6.66M
SYK icon
67
PUT
Stryker
SYK
$129B
$19.4M 0.14%
+210,000
New +$19.5M
TPH
68
DELISTED
Tri Pointe Homes
TPH
$17.7M 0.13%
1,150,000
-810,000
-41% -$12.2M
AGFS
69
DELISTED
AgroFresh Solutions Inc
AGFS
$17.4M 0.13%
1,775,000
– –
ACT.PRA
70
DELISTED
ACTAVIS PLC Pfd Conv Ser A (Irl)
ACT.PRA
$17.2M 0.13%
+17,000
New +$17.8M
JPM icon
71
CALL
JPMorgan Chase
JPM
$947B
$15.1M 0.11%
+250,000
New +$14.8M
KMI.WS
72
DELISTED
Kinder Morgan Inc
KMI.WS
$15.1M 0.11%
3,675,000
+475,000
+15% +$1.85M
ASPX
73
DELISTED
AUSPEX PHARMACEUTICALS INC COM STK (DE)
ASPX
$15.1M 0.11%
+150,200
New +$10M
HRI icon
74
Herc Holdings
HRI
$5.62B
$14.6M 0.11%
224,000
+220,000
+5,500% +$14.7M
PARA
75
PUT
DELISTED
Paramount Global Class B
PARA
$14.5M 0.11%
+239,400
New +$14M
1 2
3
4 5

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LF
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MIM
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SPIA
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BPA
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Pentwater Capital Management's Q1 2015 Portfolio in Review

As of Q1 2015, Pentwater Capital Management held 208 positions worth $13.4B, down 4.9% from $14.1B the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Pentwater Capital Management withdrew a net $1.53B in Q1 2015, closing 54 positions and reducing 32 holdings. Its most notable exit was Allergan Inc, an estimated $1.19B position sold in full.

By sector, the portfolio is most concentrated in Technology at 8.8% of assets, up from 7.1% a quarter earlier, followed by Consumer Discretionary and Healthcare.

Against the trend, Pentwater Capital Management opened a new position in HOSPIRA INC worth $545M.

  • Pentwater Capital Management's largest Q1 2015 buy was HOSPIRA INC: 6,200,000 shares worth $545M.
  • Pentwater Capital Management added most to SALIX PHARMACEUTICALS LTD DEL in Q1 2015, an estimated $333M increase.
  • Pentwater Capital Management's biggest Q1 2015 reduction was TRW AUTOMOTIVE HOLDINGS CORP, cutting an estimated $145M.
  • Pentwater Capital Management fully exited Allergan Inc in Q1 2015, selling an estimated $1.19B.
  • Pentwater Capital Management's ten largest holdings make up 55% of its $13.4B portfolio in Q1 2015.
  • Pentwater Capital Management opened 60 new positions and closed 54 in Q1 2015.
  • Pentwater Capital Management's portfolio value fell 4.9% quarter-over-quarter to $13.4B.

Based on Pentwater Capital Management's 13F filing for Q1 2015, filed 15 May 2015.