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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
+2.46%
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
$11.8B
AUM Growth
-$1.87B
Cap. Flow
-$1.8B
Cap. Flow %
-15.26%
Top 10 Hldgs %
76.47%
Holding
175
New
55
Increased
31
Reduced
42
Closed
30

Top Buys

Rank Stock Value
1
AET
Aetna Inc
AET
+$615M
2
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
+$156M
3
ESRX
Express Scripts Holding Company
ESRX
+$138M
4
FTV icon
Fortive
FTV
+$121M
5
IDTI
Integrated Device Technology I
IDTI
+$118M

Top Sells

Rank Stock Value
1
AABA
Altaba Inc
AABA
+$969M
2
DELL icon
Dell
DELL
+$219M
3
TRCO
TRIBUNE MEDIA COMPANY CLASS A
TRCO
+$150M
4
XL
XL Group Ltd.
XL
+$117M
5
ILG
ILG, Inc Common Stock
ILG
+$96.4M

Sector Composition

Rank Sector Weight
1 Financials 12.75%
2 Technology 12.1%
3 Healthcare 11.69%
4 Communication Services 7.32%
5 Materials 2.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CVS icon
51
PUT
CVS Health
CVS
$123B
$14.2M 0.12%
180,000
-70,000
-28% -$5M
NXTM
52
DELISTED
NxStage Medical Inc.
NXTM
$13.9M 0.12%
500,000
– –
ATHN
53
PUT
DELISTED
Athenahealth, Inc.
ATHN
$12.6M 0.11%
+94,100
New +$14.1M
USG
54
DELISTED
Usg
USG
$12.1M 0.1%
280,000
– –
VER
55
DELISTED
VEREIT, Inc.
VER
$11.9M 0.1%
326,909
+280,000
+597% +$10.7M
VMW
56
PUT
DELISTED
VMware, Inc
VMW
$11.7M 0.1%
75,000
-175,000
-70% -$26.8M
BMS
57
DELISTED
Bemis
BMS
$11.7M 0.1%
+240,000
New +$11.3M
ETP
58
CALL
DELISTED
Energy Transfer Partners, L.P.
ETP
$10.4M 0.09%
465,400
-1,504,600
-76% -$32.7M
ESRX
59
CALL
DELISTED
Express Scripts Holding Company
ESRX
$9.5M 0.08%
100,000
-440,000
-81% -$37.5M
T icon
60
CALL
AT&T
T
$164B
$8.39M 0.07%
331,000
-19,610,029
-98% -$480M
AHL
61
DELISTED
ASPEN Insurance Holding Limited
AHL
$8.36M 0.07%
+200,000
New +$7.99M
EGN
62
DELISTED
Energen
EGN
$7.75M 0.07%
+90,000
New +$6.85M
NXEO
63
DELISTED
Nexeo Solutions, Inc. Common Stock
NXEO
$7.35M 0.06%
+600,000
New +$5.99M
AKRX
64
PUT
DELISTED
Akorn Inc
AKRX
$7.01M 0.06%
540,000
-430,000
-44% -$7.07M
BABA icon
65
CALL
Alibaba
BABA
$305B
$5.77M 0.05%
+35,000
New +$6.19M
BABA icon
66
Alibaba
BABA
$305B
$5.77M 0.05%
+35,000
New +$6.19M
WEB
67
DELISTED
Web.com Group, Inc.
WEB
$5.58M 0.05%
200,000
+100,000
+100% +$2.7M
WMB icon
68
Williams Companies
WMB
$87B
$5.44M 0.05%
200,000
-20,000
-9% -$580K
AGN
69
DELISTED
Allergan plc
AGN
$5.33M 0.05%
28,000
-5,500
-16% -$1.01M
ET icon
70
Energy Transfer Partners
ET
$69.9B
$5.02M 0.04%
288,000
– –
DBX icon
71
Dropbox
DBX
$8.13B
$4.86M 0.04%
181,184
+90,000
+99% +$2.6M
TRCO
72
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
$4.61M 0.04%
120,000
-4,170,000
-97% -$150M
AIMC
73
CALL
DELISTED
Altra Industrial Motion Corp
AIMC
$4.13M 0.03%
+100,000
New +$4.18M
IR icon
74
Ingersoll Rand
IR
$34.3B
$3.97M 0.03%
140,000
+30,000
+27% +$841K
CXP
75
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
$3.78M 0.03%
+160,000
New +$3.72M
1 2
3
4 5

Similar funds

CS
Candriam SCA Strassen, Luxembourg, Luxembourg $19.3B AUM 39.18% 1-Year Est. Return
A
AustralianSuper Melbourne, Australia $19.2B AUM 31.95% 1-Year Est. Return
LF
Lansforsakringar Fondforvaltning Stockholm, Sweden $19.1B AUM 26.9% 1-Year Est. Return
Select Equity Group
Select Equity Group New York $19.5B AUM 17.33% 1-Year Est. Return
MIM
MetLife Investment Management Whippany, New Jersey $19.6B AUM 32.64% 1-Year Est. Return
SPIA
Steward Partners Investment Advisory New York $19.6B AUM 22.89% 1-Year Est. Return
BPA
Beacon Pointe Advisors Newport Beach, California $18.9B AUM 18.9% 1-Year Est. Return
NAM
Nissay Asset Management Tokyo, Japan $18.9B AUM 27.21% 1-Year Est. Return

Pentwater Capital Management's Q3 2018 Portfolio in Review

As of Q3 2018, Pentwater Capital Management held 175 positions worth $11.8B, down 14% from $13.7B the previous quarter. Its ten largest holdings account for 76% of the portfolio.

Pentwater Capital Management withdrew a net $1.8B in Q3 2018, closing 30 positions and reducing 42 holdings. Its most notable exit was Altaba Inc, an estimated $969M position sold in full.

By sector, the portfolio is most concentrated in Financials at 13% of assets, up from 6.5% a quarter earlier, followed by Technology and Healthcare.

Against the trend, Pentwater Capital Management opened a new position in Fortive worth $125M.

  • Pentwater Capital Management's largest Q3 2018 buy was Fortive: 2,354,861 shares worth $125M.
  • Pentwater Capital Management added most to Aetna Inc in Q3 2018, an estimated $615M increase.
  • Pentwater Capital Management's biggest Q3 2018 reduction was Dell, cutting an estimated $219M.
  • Pentwater Capital Management fully exited Altaba Inc in Q3 2018, selling an estimated $969M.
  • Pentwater Capital Management's ten largest holdings make up 76% of its $11.8B portfolio in Q3 2018.
  • Pentwater Capital Management opened 55 new positions and closed 30 in Q3 2018.
  • Pentwater Capital Management's portfolio value fell 14% quarter-over-quarter to $11.8B.

Based on Pentwater Capital Management's 13F filing for Q3 2018, filed 14 Nov 2018.