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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
+6.6%
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
$15B
AUM Growth
+$3.38B
Cap. Flow
+$3.07B
Cap. Flow %
20.42%
Top 10 Hldgs %
64.96%
Holding
127
New
24
Increased
32
Reduced
19
Closed
31

Top Buys

Rank Stock Value
1
AET
Aetna Inc
AET
+$838M
2
QCOM icon
Qualcomm
QCOM
+$763M
3
MON
Monsanto Co
MON
+$307M
4
OA
Orbital ATK, Inc.
OA
+$183M
5
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
+$79.6M

Top Sells

Rank Stock Value
1
LVLT
Level 3 Communications Inc
LVLT
+$548M
2
SNI
Scripps Networks Interactive, Inc Common Class A
SNI
+$144M
3
CPN
Calpine Corporation
CPN
+$95.9M
4
RICE
Rice Energy Inc.
RICE
+$65.1M
5
BCR
CR Bard Inc.
BCR
+$61.9M

Sector Composition

Rank Sector Weight
1 Technology 19.87%
2 Materials 9.15%
3 Communication Services 7.52%
4 Financials 6.42%
5 Healthcare 1.22%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LUMN icon
51
CALL
Lumen
LUMN
$6.57B
$18.9M 0.13%
1,131,100
-68,900
-6% -$1.17M
ETP
52
DELISTED
Energy Transfer Partners, L.P.
ETP
$18.6M 0.12%
1,040,000
+100,000
+11% +$1.73M
OEF icon
53
PUT
iShares S&P 100 ETF
OEF
$20.1B
$17M 0.11%
100,000
– –
AVGO icon
54
CALL
Broadcom
AVGO
$1.85T
$16.7M 0.11%
+650,000
New +$16.9M
BHC icon
55
Bausch Health
BHC
$2.58B
$15.8M 0.11%
761,700
+100,000
+15% +$1.59M
BHC icon
56
PUT
Bausch Health
BHC
$2.58B
$15.8M 0.11%
761,700
– –
AGN
57
DELISTED
Allergan plc
AGN
$15.7M 0.1%
96,000
+42,000
+78% +$7.54M
WBD icon
58
PUT
Warner Bros
WBD
$65.9B
$14.8M 0.1%
700,000
– –
BDX icon
59
Becton Dickinson
BDX
$45.6B
$14.7M 0.1%
+70,545
New +$14.8M
EXAC
60
DELISTED
Exactech Inc
EXAC
$12.4M 0.08%
+250,000
New +$10.6M
ESPR
61
CALL
DELISTED
Esperion Therapeutics
ESPR
$12.2M 0.08%
185,000
+5,000
+3% +$269K
BWLD
62
DELISTED
Buffalo Wild Wings, Inc.
BWLD
$11.2M 0.07%
+71,840
New +$9.46M
CVS icon
63
CALL
CVS Health
CVS
$133B
$10.9M 0.07%
+150,000
New +$10.9M
BABA icon
64
CALL
Alibaba
BABA
$293B
$9.36M 0.06%
54,300
– –
XPO icon
65
XPO
XPO
$23.5B
$9.16M 0.06%
+289,139
New +$7.39M
XPO icon
66
PUT
XPO
XPO
$23.5B
$9.16M 0.06%
+289,139
New +$7.39M
LNCE
67
DELISTED
Snyders-Lance, Inc.
LNCE
$9.06M 0.06%
+181,000
New +$7.18M
SPY icon
68
State Street SPDR S&P 500 ETF Trust
SPY
$790B
$8.01M 0.05%
+30,000
New +$7.8M
BWLD
69
PUT
DELISTED
Buffalo Wild Wings, Inc.
BWLD
$7.82M 0.05%
+50,000
New +$6.58M
WMB icon
70
Williams Companies
WMB
$87.5B
$7.62M 0.05%
250,000
– –
BG icon
71
CALL
Bunge Global
BG
$20.4B
$6.71M 0.04%
100,000
– –
AAAP
72
DELISTED
Advanced Accelerator Applications S.A.
AAAP
$6.53M 0.04%
80,000
+18,000
+29% +$1.4M
UPL
73
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
$6.25M 0.04%
689,600
-177,576
-20% -$1.55M
WMB icon
74
CALL
Williams Companies
WMB
$87.5B
$6.1M 0.04%
200,000
– –
WBD icon
75
CALL
Warner Bros
WBD
$65.9B
$5.29M 0.04%
250,000
– –
1 2
3
4 5

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MGP
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A
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LF
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MIM
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SPIA
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Pentwater Capital Management's Q4 2017 Portfolio in Review

As of Q4 2017, Pentwater Capital Management held 127 positions worth $15B, up 29% from $11.7B the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Pentwater Capital Management deployed $3.07B of net new capital in Q4 2017, opening 24 new positions and adding to 32 existing holdings. Its largest new stake was Aetna Inc: 4,880,000 shares worth $880M.

By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Materials and Communication Services.

On the sell side, the largest reduction was Scripps Networks Interactive, Inc Common Class A, an estimated $144M trimmed.

  • Pentwater Capital Management's largest Q4 2017 buy was Aetna Inc: 4,880,000 shares worth $880M.
  • Pentwater Capital Management added most to Qualcomm in Q4 2017, an estimated $763M increase.
  • Pentwater Capital Management's biggest Q4 2017 reduction was Scripps Networks Interactive, Inc Common Class A, cutting an estimated $144M.
  • Pentwater Capital Management fully exited Level 3 Communications Inc in Q4 2017, selling an estimated $548M.
  • Pentwater Capital Management's ten largest holdings make up 65% of its $15B portfolio in Q4 2017.
  • Pentwater Capital Management opened 24 new positions and closed 31 in Q4 2017.
  • Pentwater Capital Management's portfolio value rose 29% quarter-over-quarter to $15B.

Based on Pentwater Capital Management's 13F filing for Q4 2017, filed 7 Feb 2018.