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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
+5.63%
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
$7.82B
AUM Growth
-$2.96B
(-27%)
Cap. Flow
-$3.19B
Cap. Flow
% of AUM
-40.8%
Top 10 Holdings %
Top 10 Hldgs %
61.53%
Holding
158
New
37
Increased
30
Reduced
25
Closed
45
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
NXP Semiconductors
NXPI
|
+$762M |
| 2 |
LVLT
Level 3 Communications Inc
LVLT
|
+$454M |
| 3 |
Humana
HUM
|
+$74.4M |
| 4 |
ENH
Endurance Specialty Holdings Ltd
ENH
|
+$36.7M |
| 5 |
IOC
Interoil Corporation
IOC
|
+$30.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Procter & Gamble
PG
|
+$1.72B |
| 2 |
LNKD
LinkedIn Corporation
LNKD
|
+$693M |
| 3 |
Synchrony
SYF
|
+$241M |
| 4 |
AGN
Allergan plc
AGN
|
+$217M |
| 5 |
Coty
COTY
|
+$174M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 14.32% |
| 2 | Healthcare | 7.08% |
| 3 | Industrials | 6.36% |
| 4 | Materials | 4.61% |
| 5 | Energy | 2.07% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
CAB
51
DELISTED
Cabela's Inc
CAB
| $21.7M | 0.28% |
370,000
-125,790
| -25% | -$7.81M |
|
52
PUT
Williams Companies
WMB
$87.8B
| $21.5M | 0.27% |
690,000
+490,000
| +245% | +$14.8M |
|
|
53
Synchrony
SYF
$25.8B
| $20.3M | 0.26% |
560,000
-7,563,415
| -93% | -$241M |
|
|
WCIC
54
DELISTED
WCI Communities, Inc.
WCIC
| $19.8M | 0.25% |
844,677
+644,677
| +322% | +$15.1M |
|
|
SWC
55
DELISTED
Stillwater Mining Co
SWC
| $19.3M | 0.25% |
+1,200,000
| New | +$17.2M |
|
56
TechnipFMC
FTI
$27.2B
| $19.2M | 0.25% |
725,459
+147,539
| +26% | +$3.69M |
|
57
PUT
Western Digital
WDC
$179B
| $17.5M | 0.22% |
340,805
| – | – |
|
|
CACQ
58
DELISTED
Caesars Acquisition Company
CACQ
| $16.6M | 0.21% |
1,233,336
+176,651
| +17% | +$2.15M |
|
|
59
Williams Companies
WMB
$87.8B
| $15.6M | 0.2% |
500,000
| – | – |
|
|
ETP
60
DELISTED
Energy Transfer Partners L.p.
ETP
| $15.4M | 0.2% |
430,000
+30,000
| +8% | +$1.07M |
|
61
CALL
AB InBev
BUD
$168B
| $14.5M | 0.19% |
137,400
| – | – |
|
62
British American Tobacco
BTI
$128B
| $14.1M | 0.18% |
+249,732
| New | +$14.1M |
|
63
Aramark
ARMK
$15B
| $13.6M | 0.17% |
+526,300
| New | +$13.8M |
|
64
CALL
Energy Transfer Partners
ET
$70B
| $13.5M | 0.17% |
700,000
| – | – |
|
|
ASRT
65
DELISTED
Assertio
ASRT
| $13.4M | 0.17% |
+12,433
| New | +$15.8M |
|
66
CALL
Mondelez International
MDLZ
$79.9B
| $13.1M | 0.17% |
+295,000
| New | +$12.7M |
|
|
67
CALL
Western Digital
WDC
$179B
| $12.2M | 0.16% |
238,140
+138,915
| +140% | +$6.4M |
|
68
CALL
General Mills
GIS
$19.2B
| $11.7M | 0.15% |
+190,000
| New | +$11.8M |
|
|
IMPV
69
PUT
DELISTED
Imperva, Inc.
IMPV
| $11.5M | 0.15% |
+300,000
| New | +$12.2M |
|
|
WWAV
70
PUT
DELISTED
The WhiteWave Foods Company
WWAV
| $11.1M | 0.14% |
+200,000
| New | +$10.9M |
|
|
TMH
71
DELISTED
Team Health Holdings Inc
TMH
| $10.9M | 0.14% |
+250,000
| New | +$10.3M |
|
|
TSRO
72
PUT
DELISTED
TESARO, Inc.
TSRO
| $10.1M | 0.13% |
75,000
-15,000
| -17% | -$1.89M |
|
73
PUT
American Airlines Group
AAL
$11B
| $9.34M | 0.12% |
200,000
+100,000
| +100% | +$4.35M |
|
|
BEAV
74
PUT
DELISTED
B/E Aerospace Inc
BEAV
| $7.62M | 0.1% |
+126,600
| New | +$7.29M |
|
|
RC
75
Ready Capital
RC
$278M
| $7.49M | 0.1% |
+557,066
| New | +$7.52M |
|
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Pentwater Capital Management's Q4 2016 Portfolio in Review
As of Q4 2016, Pentwater Capital Management held 158 positions worth $7.82B, down 27% from $10.8B the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Pentwater Capital Management withdrew a net $3.19B in Q4 2016, closing 45 positions and reducing 25 holdings. Its most notable exit was Procter & Gamble, an estimated $1.72B position sold in full.
By sector, the portfolio is most concentrated in Technology at 14% of assets, up from 3.6% a quarter earlier, followed by Healthcare and Industrials.
Against the trend, Pentwater Capital Management opened a new position in Level 3 Communications Inc worth $484M.
- Pentwater Capital Management's largest Q4 2016 buy was Level 3 Communications Inc: 8,590,000 shares worth $484M.
- Pentwater Capital Management added most to NXP Semiconductors in Q4 2016, an estimated $762M increase.
- Pentwater Capital Management's biggest Q4 2016 reduction was Synchrony, cutting an estimated $241M.
- Pentwater Capital Management fully exited Procter & Gamble in Q4 2016, selling an estimated $1.72B.
- Pentwater Capital Management's ten largest holdings make up 62% of its $7.82B portfolio in Q4 2016.
- Pentwater Capital Management opened 37 new positions and closed 45 in Q4 2016.
- Pentwater Capital Management's portfolio value fell 27% quarter-over-quarter to $7.82B.
Based on Pentwater Capital Management's 13F filing for Q4 2016, filed 14 Feb 2017.