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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
+2.71%
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
$9.84B
AUM Growth
-$2.28B
Cap. Flow
-$2.08B
Cap. Flow %
-21.12%
Top 10 Hldgs %
57.61%
Holding
370
New
68
Increased
62
Reduced
62
Closed
140

Top Buys

Rank Stock Value
1
NUAN
Nuance Communications, Inc.
NUAN
+$293M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$273M
3
HRC
HILL-ROM HOLDINGS, INC.
HRC
+$250M
4
FIVN icon
FIVE9
FIVN
+$227M
5
INFO
IHS Markit Ltd. Common Shares
INFO
+$181M

Top Sells

Rank Stock Value
1
MXIM
Maxim Integrated Products
MXIM
+$1.18B
2
ALXN
Alexion Pharmaceuticals
ALXN
+$906M
3
WORK
Slack Technologies, Inc.
WORK
+$861M
4
PFPT
Proofpoint, Inc.
PFPT
+$438M
5
PRAH
PRA Health Sciences, Inc.
PRAH
+$205M

Sector Composition

Rank Sector Weight
1 Technology 13.73%
2 Healthcare 12.3%
3 Communication Services 11.97%
4 Industrials 9.76%
5 Consumer Discretionary 3.37%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GSKY
51
DELISTED
GreenSky, Inc. Class A Common Stock
GSKY
$27.1M 0.28%
+2,425,000
New +$19M
NCLH icon
52
Norwegian Cruise Line
NCLH
$8.84B
$27M 0.27%
1,011,000
-18,500
-2% -$471K
RAVN
53
DELISTED
Raven Industries Inc
RAVN
$26.6M 0.27%
462,525
-17,475
-4% -$1.01M
AON icon
54
PUT
Aon
AON
$76B
$26.6M 0.27%
93,000
-17,000
-15% -$4.57M
MDP
55
DELISTED
Meredith Corporation
MDP
$25.7M 0.26%
+461,100
New +$20.1M
XLNX
56
PUT
DELISTED
Xilinx Inc
XLNX
$23.8M 0.24%
157,800
-162,200
-51% -$23.8M
SPY icon
57
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$823B
$23.6M 0.24%
+55,000
New +$24.3M
BIDU icon
58
Baidu
BIDU
$37.2B
$23.1M 0.24%
150,500
-244,500
-62% -$40.2M
DKNG icon
59
PUT
DraftKings
DKNG
$11.9B
$21.7M 0.22%
+450,000
New +$23.9M
CLDR
60
DELISTED
Cloudera, Inc.
CLDR
$20.9M 0.21%
1,308,000
+558,000
+74% +$8.85M
LITE icon
61
CALL
Lumentum
LITE
$69.3B
$20.2M 0.21%
241,800
-8,200
-3% -$688K
CCL icon
62
Carnival Corporation Ltd
CCL
$39.7B
$19.8M 0.2%
790,300
+243,700
+45% +$5.67M
WYNN icon
63
CALL
Wynn Resorts
WYNN
$10.6B
$18.4M 0.19%
+217,500
New +$21.5M
FLOW
64
DELISTED
SPX FLOW, Inc.
FLOW
$18.3M 0.19%
+250,000
New +$19M
CONE
65
DELISTED
CyrusOne Inc Common Stock
CONE
$17M 0.17%
+220,000
New +$16.5M
DSPG
66
DELISTED
DSP Group Inc
DSPG
$16.4M 0.17%
+750,000
New +$13.4M
LDL
67
DELISTED
Lydall, Inc.
LDL
$14.4M 0.15%
232,000
+79,200
+52% +$4.87M
WB icon
68
Weibo
WB
$1.95B
$14.2M 0.14%
+300,000
New +$16.2M
WB icon
69
PUT
Weibo
WB
$1.95B
$14.2M 0.14%
+300,000
New +$16.2M
DKNG icon
70
CALL
DraftKings
DKNG
$11.9B
$14M 0.14%
+290,000
New +$15.4M
TGI
71
DELISTED
Triumph Group
TGI
$13.4M 0.14%
720,000
+373,052
+108% +$6.95M
PCG icon
72
PUT
PG&E
PCG
$38.5B
$13.3M 0.14%
1,389,600
+229,600
+20% +$2.17M
AON icon
73
CALL
Aon
AON
$76B
$13.3M 0.14%
46,500
-81,000
-64% -$21.8M
XLNX
74
CALL
DELISTED
Xilinx Inc
XLNX
$12.8M 0.13%
+85,000
New +$12.5M
DIS icon
75
Walt Disney
DIS
$181B
$12.7M 0.13%
75,000
-43,500
-37% -$7.75M
1 2
3
4 5

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Pentwater Capital Management's Q3 2021 Portfolio in Review

As of Q3 2021, Pentwater Capital Management held 370 positions worth $9.84B, down 19% from $12.1B the previous quarter. Its ten largest holdings account for 58% of the portfolio.

Pentwater Capital Management withdrew a net $2.08B in Q3 2021, closing 140 positions and reducing 62 holdings. Its most notable exit was Maxim Integrated Products, an estimated $1.18B position sold in full.

By sector, the portfolio is most concentrated in Technology at 14% of assets, down from 20% a quarter earlier, followed by Healthcare and Communication Services.

Against the trend, Pentwater Capital Management opened a new position in HILL-ROM HOLDINGS, INC. worth $278M.

  • Pentwater Capital Management's largest Q3 2021 buy was HILL-ROM HOLDINGS, INC.: 1,850,000 shares worth $278M.
  • Pentwater Capital Management added most to Nuance Communications, Inc. in Q3 2021, an estimated $293M increase.
  • Pentwater Capital Management's biggest Q3 2021 reduction was Change Healthcare Inc. Common Stock, cutting an estimated $131M.
  • Pentwater Capital Management fully exited Maxim Integrated Products in Q3 2021, selling an estimated $1.18B.
  • Pentwater Capital Management's ten largest holdings make up 58% of its $9.84B portfolio in Q3 2021.
  • Pentwater Capital Management opened 68 new positions and closed 140 in Q3 2021.
  • Pentwater Capital Management's portfolio value fell 19% quarter-over-quarter to $9.84B.

Based on Pentwater Capital Management's 13F filing for Q3 2021, filed 15 Nov 2021.