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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
+28.06%
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
$8.28B
AUM Growth
+$544M
Cap. Flow
-$651M
Cap. Flow %
-7.87%
Top 10 Hldgs %
64.5%
Holding
301
New
80
Increased
38
Reduced
62
Closed
67

Top Buys

Rank Stock Value
1
WORK
Slack Technologies, Inc.
WORK
+$612M
2
XLNX
Xilinx Inc
XLNX
+$523M
3
ALXN
Alexion Pharmaceuticals
ALXN
+$380M
4
INFO
IHS Markit Ltd. Common Shares
INFO
+$271M
5
IPHI
INPHI CORPORATION
IPHI
+$171M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$448M
2
IMMU
Immunomedics Inc
IMMU
+$333M
3
TCO
Taubman Centers Inc.
TCO
+$167M
4
PCG icon
PG&E
PCG
+$160M
5
AMTD
TD Ameritrade Holding Corp
AMTD
+$159M

Sector Composition

Rank Sector Weight
1 Technology 11.92%
2 Healthcare 7.46%
3 Materials 5.96%
4 Communication Services 4.33%
5 Industrials 4.12%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ESPR
51
DELISTED
Esperion Therapeutics
ESPR
$12.9M 0.16%
497,580
-1,671,442
-77% -$50.1M
BSY icon
52
Bentley Systems
BSY
$10.6B
$12.5M 0.15%
308,475
+298,475
+2,985% +$10.6M
HYG icon
53
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.9B
$11.8M 0.14%
135,700
– –
DRI icon
54
CALL
Darden Restaurants
DRI
$24.4B
$11.3M 0.14%
95,000
-20,000
-17% -$2.14M
OEF icon
55
PUT
iShares S&P 100 ETF
OEF
$20.5B
$10.3M 0.12%
+45,500
New +$7.43M
UAL icon
56
United Airlines
UAL
$42.1B
$9.88M 0.12%
228,400
-397,278
-63% -$16.1M
VRTU
57
DELISTED
Virtusa Corporation
VRTU
$9.61M 0.12%
+188,000
New +$9.44M
CUB
58
DELISTED
Cubic Corporation
CUB
$9.31M 0.11%
150,000
+30,000
+25% +$1.82M
NCLH icon
59
CALL
Norwegian Cruise Line
NCLH
$8.84B
$7.38M 0.09%
+290,000
New +$6.05M
AMD icon
60
CALL
Advanced Micro Devices
AMD
$789B
$7.34M 0.09%
+80,000
New +$6.9M
RTX icon
61
CALL
RTX Corp
RTX
$301B
$7.29M 0.09%
102,000
-35,500
-26% -$2.33M
RESI
62
DELISTED
Front Yard Residential Corporation Common Stock
RESI
$7.13M 0.09%
440,000
-1,035,000
-70% -$14.4M
PSN icon
63
Parsons
PSN
$5.08B
$6.92M 0.08%
190,000
+105,026
+124% +$3.53M
HUYA
64
Huya Inc
HUYA
$558M
$6.92M 0.08%
+347,000
New +$7.43M
DUK icon
65
CALL
Duke Energy
DUK
$97.3B
$6.5M 0.08%
71,000
-379,000
-84% -$35.1M
CZR icon
66
CALL
Caesars Entertainment
CZR
$6.14B
$6.24M 0.08%
84,000
+32,000
+62% +$2.01M
STRO icon
67
Sutro Biopharma
STRO
$421M
$6.18M 0.07%
28,450
-9,050
-24% -$1.5M
SIX
68
DELISTED
Six Flags Entertainment Corp.
SIX
$6.17M 0.07%
181,000
-480,900
-73% -$13.2M
KRTX
69
DELISTED
Karuna Therapeutics, Inc. Common Stock
KRTX
$6.09M 0.07%
60,000
-10,000
-14% -$926K
CUK
70
CALL
DELISTED
Carnival PLC
CUK
$5.85M 0.07%
+270,000
New +$4.18M
WPX
71
DELISTED
WPX Energy, Inc.
WPX
$5.81M 0.07%
+713,100
New +$4.53M
DD icon
72
PUT
DuPont de Nemours
DD
$19.2B
$5.69M 0.07%
+63,733
New +$5M
PE
73
DELISTED
PARSLEY ENERGY INC
PE
$5.68M 0.07%
+400,000
New +$4.76M
TMUS icon
74
T-Mobile US
TMUS
$190B
$5.66M 0.07%
42,000
-4,000
-9% -$494K
EAT icon
75
CALL
Brinker International
EAT
$9.66B
$5.66M 0.07%
100,000
– –
1 2
3
4 5

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LF
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Pentwater Capital Management's Q4 2020 Portfolio in Review

As of Q4 2020, Pentwater Capital Management held 301 positions worth $8.28B, up 7% from $7.73B the previous quarter. Its ten largest holdings account for 64% of the portfolio.

Pentwater Capital Management withdrew a net $651M in Q4 2020, closing 67 positions and reducing 62 holdings. Its most notable exit was Immunomedics Inc, an estimated $333M position sold in full.

By sector, the portfolio is most concentrated in Technology at 12% of assets, up from 2.8% a quarter earlier, followed by Healthcare and Materials.

Against the trend, Pentwater Capital Management opened a new position in Slack Technologies, Inc. worth $765M.

  • Pentwater Capital Management's largest Q4 2020 buy was Slack Technologies, Inc.: 18,106,000 shares worth $765M.
  • Pentwater Capital Management added most to Maxim Integrated Products in Q4 2020, an estimated $150M increase.
  • Pentwater Capital Management's biggest Q4 2020 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $448M.
  • Pentwater Capital Management fully exited Immunomedics Inc in Q4 2020, selling an estimated $333M.
  • Pentwater Capital Management's ten largest holdings make up 64% of its $8.28B portfolio in Q4 2020.
  • Pentwater Capital Management opened 80 new positions and closed 67 in Q4 2020.
  • Pentwater Capital Management's portfolio value rose 7% quarter-over-quarter to $8.28B.

Based on Pentwater Capital Management's 13F filing for Q4 2020, filed 16 Feb 2021.