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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
+5.05%
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
$13.7B
AUM Growth
-$475M
(-3.4%)
Cap. Flow
-$827M
Cap. Flow
% of AUM
-6.05%
Top 10 Holdings %
Top 10 Hldgs %
63.23%
Holding
144
New
53
Increased
24
Reduced
28
Closed
24
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AABA
Altaba Inc
AABA
|
+$583M |
| 2 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$309M |
| 3 |
NXP Semiconductors
NXPI
|
+$269M |
| 4 |
ESRX
Express Scripts Holding Company
ESRX
|
+$177M |
| 5 |
SHPG
Shire pic
SHPG
|
+$146M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MON
Monsanto Co
MON
|
+$1.45B |
| 2 |
TWX
Time Warner Inc
TWX
|
+$582M |
| 3 |
MSCC
Microsemi Corp
MSCC
|
+$239M |
| 4 |
OA
Orbital ATK, Inc.
OA
|
+$233M |
| 5 |
Qualcomm
QCOM
|
+$230M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 19.61% |
| 2 | Healthcare | 7.44% |
| 3 | Communication Services | 6.87% |
| 4 | Financials | 6.52% |
| 5 | Materials | 2.24% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
PUT
RTX Corp
RTX
$294B
| $19.4M | 0.14% |
246,295
| – | – |
|
52
CALL
EQT Corp
EQT
$33B
| $19.3M | 0.14% |
642,950
-91,850
| -13% | -$2.56M |
|
|
ETP
53
DELISTED
Energy Transfer Partners, L.P.
ETP
| $19M | 0.14% |
1,000,000
| – | – |
|
|
54
PUT
Qualcomm
QCOM
$171B
| $18.5M | 0.14% |
330,000
-5,821,200
| -95% | -$325M |
|
55
PUT
VanEck Gold Miners ETF
GDX
$23.8B
| $17.5M | 0.13% |
170,000
-310,000
| -65% | -$6.94M |
|
|
AKRX
56
PUT
DELISTED
Akorn Inc
AKRX
| $16.1M | 0.12% |
+970,000
| New | +$14.9M |
|
57
PUT
CVS Health
CVS
$133B
| $16.1M | 0.12% |
250,000
-50,000
| -17% | -$3.3M |
|
|
ORBK
58
DELISTED
Orbotech Ltd
ORBK
| $15.4M | 0.11% |
250,000
+40,000
| +19% | +$2.47M |
|
|
NXTM
59
DELISTED
NxStage Medical Inc.
NXTM
| $13.9M | 0.1% |
+500,000
| New | +$13.4M |
|
|
ESPR
60
PUT
DELISTED
Esperion Therapeutics
ESPR
| $13.1M | 0.1% |
+334,700
| New | +$16.9M |
|
|
USG
61
DELISTED
Usg
USG
| $12.1M | 0.09% |
+280,000
| New | +$11.6M |
|
|
AKRX
62
DELISTED
Akorn Inc
AKRX
| $11.4M | 0.08% |
+690,000
| New | +$10.6M |
|
|
ETP
63
PUT
DELISTED
Energy Transfer Partners, L.P.
ETP
| $8.86M | 0.06% |
+465,400
| New | +$8.55M |
|
|
TFCFA
64
CALL
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $7.45M | 0.05% |
+150,000
| New | +$5.93M |
|
65
PUT
iShares S&P 100 ETF
OEF
$20.5B
| $7.13M | 0.05% |
40,000
+20,000
| +100% | +$2.38M |
|
|
AGN
66
CALL
DELISTED
Allergan plc
AGN
| $6.67M | 0.05% |
40,000
-30,000
| -43% | -$4.82M |
|
|
ANDV
67
DELISTED
Andeavor
ANDV
| $6.56M | 0.05% |
+50,000
| New | +$6.58M |
|
68
Williams Companies
WMB
$87.5B
| $5.96M | 0.04% |
220,000
| – | – |
|
|
AGN
69
DELISTED
Allergan plc
AGN
| $5.58M | 0.04% |
33,500
| – | – |
|
70
Energy Transfer Partners
ET
$70B
| $4.97M | 0.04% |
288,000
| – | – |
|
71
CALL
Broadcom
AVGO
$1.99T
| $4.85M | 0.04% |
200,000
-2,200,000
| -92% | -$53.9M |
|
72
Kinder Morgan
KMI
$69.9B
| $3.62M | 0.03% |
205,000
| – | – |
|
73
BrightView Holdings
BV
$1.22B
| $3.29M | 0.02% |
+150,000
| New | +$3.25M |
|
74
Ingersoll Rand
IR
$34.7B
| $3.23M | 0.02% |
+110,000
| New | +$3.46M |
|
75
Equitable Holdings
EQH
$13.2B
| $3.16M | 0.02% |
+153,480
| New | +$3.27M |
|
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Pentwater Capital Management's Q2 2018 Portfolio in Review
As of Q2 2018, Pentwater Capital Management held 144 positions worth $13.7B, down 3.4% from $14.2B the previous quarter. Its ten largest holdings account for 63% of the portfolio.
Pentwater Capital Management withdrew a net $827M in Q2 2018, closing 24 positions and reducing 28 holdings. Its most notable exit was Monsanto Co, an estimated $1.45B position sold in full.
By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Healthcare and Communication Services.
Against the trend, Pentwater Capital Management opened a new position in Shire pic worth $153M.
- Pentwater Capital Management's largest Q2 2018 buy was Shire pic: 905,000 shares worth $153M.
- Pentwater Capital Management added most to Altaba Inc in Q2 2018, an estimated $583M increase.
- Pentwater Capital Management's biggest Q2 2018 reduction was Dell, cutting an estimated $226M.
- Pentwater Capital Management fully exited Monsanto Co in Q2 2018, selling an estimated $1.45B.
- Pentwater Capital Management's ten largest holdings make up 63% of its $13.7B portfolio in Q2 2018.
- Pentwater Capital Management opened 53 new positions and closed 24 in Q2 2018.
- Pentwater Capital Management's portfolio value fell 3.4% quarter-over-quarter to $13.7B.
Based on Pentwater Capital Management's 13F filing for Q2 2018, filed 14 Aug 2018.