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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
+23.69%
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
$5.7B
AUM Growth
-$3.24B
Cap. Flow
-$3.84B
Cap. Flow %
-67.41%
Top 10 Hldgs %
65.27%
Holding
186
New
39
Increased
32
Reduced
32
Closed
63

Top Buys

Rank Stock Value
1
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
+$294M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$157M
3
STOR
STORE Capital Corporation
STOR
+$75.8M
4
DEN
Denbury Inc.
DEN
+$54.1M
5
KNBE
KnowBe4, Inc. Class A Common Stock
KNBE
+$46.7M

Top Sells

Rank Stock Value
1
TWTR
Twitter, Inc.
TWTR
+$1.03B
2
TRQ
Turquoise Hill Resources Ltd
TRQ
+$855M
3
AVLR
Avalara, Inc.
AVLR
+$434M
4
CTXS
Citrix Systems Inc
CTXS
+$421M
5
ZEN
ZENDESK INC
ZEN
+$319M

Sector Composition

Rank Sector Weight
1 Technology 18.18%
2 Healthcare 9.86%
3 Industrials 6.84%
4 Communication Services 6.45%
5 Real Estate 3.88%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HTZ icon
51
PUT
Hertz
HTZ
$809M
$11.5M 0.2%
750,000
-1,000,000
-57% -$16.8M
XOP icon
52
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.51B
$10.2M 0.18%
+75,000
New +$10.9M
WBD icon
53
PUT
Warner Bros
WBD
$67.1B
$9.91M 0.17%
+1,045,000
New +$11.8M
COUP
54
DELISTED
Coupa Software Incorporated
COUP
$9.9M 0.17%
+125,000
New +$7.48M
VTI icon
55
PUT
Vanguard Morningstar Total Stock Market ETF
VTI
$684B
$9.56M 0.17%
50,000
-25,000
-33% -$4.82M
IWM icon
56
PUT
iShares Russell 2000 ETF
IWM
$83B
$8.72M 0.15%
50,000
-70,000
-58% -$12.4M
AVEO
57
DELISTED
AVEO Pharmaceuticals, Inc.
AVEO
$8.24M 0.14%
+551,478
New +$7.64M
COWN
58
DELISTED
Cowen Inc. Class A Common Stock
COWN
$7.79M 0.14%
201,689
– –
WBD icon
59
CALL
Warner Bros
WBD
$67.1B
$7.68M 0.13%
810,000
+735,000
+980% +$8.3M
RCL icon
60
Royal Caribbean
RCL
$85.6B
$7.67M 0.13%
155,200
-51,500
-25% -$2.7M
SPY icon
61
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$823B
$7.65M 0.13%
+20,000
New +$7.69M
DIS icon
62
PUT
Walt Disney
DIS
$181B
$6.95M 0.12%
+80,000
New +$7.65M
IBB icon
63
PUT
iShares Biotechnology ETF
IBB
$9.77B
$6.56M 0.12%
50,000
– –
TELA icon
64
TELA Bio
TELA
$38.9M
$6.52M 0.11%
567,039
-8,661
-2% -$77.6K
RCL icon
65
CALL
Royal Caribbean
RCL
$85.6B
$6.03M 0.11%
122,000
-309,100
-72% -$16.2M
EWA icon
66
PUT
iShares MSCI Australia ETF
EWA
$1.45B
$5.56M 0.1%
+250,000
New +$5.44M
MRVL icon
67
Marvell Technology
MRVL
$196B
$5.37M 0.09%
145,000
+89,000
+159% +$3.63M
UNVR
68
DELISTED
Univar Solutions Inc.
UNVR
$5.25M 0.09%
+165,000
New +$4.74M
IHS icon
69
IHS Holding
IHS
$2.81B
$5.23M 0.09%
850,000
+27,425
+3% +$171K
IE icon
70
Ivanhoe Electric
IE
$1.74B
$5.06M 0.09%
416,666
– –
UNVR
71
PUT
DELISTED
Univar Solutions Inc.
UNVR
$4.77M 0.08%
+150,000
New +$4.31M
AMD icon
72
Advanced Micro Devices
AMD
$789B
$4.63M 0.08%
71,500
– –
SAFE
73
Safehold
SAFE
$1.15B
$4.54M 0.08%
95,200
-151,328
-61% -$7.29M
JPM icon
74
JPMorgan Chase
JPM
$950B
$3.42M 0.06%
25,500
+3,000
+13% +$380K
CLVT.PRA
75
DELISTED
Clarivate Plc 5.25% Series A Mandatory Convertible Preferred Shares
CLVT.PRA
$3.41M 0.06%
90,000
– –
1 2
3
4 5

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MIM
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Pentwater Capital Management's Q4 2022 Portfolio in Review

As of Q4 2022, Pentwater Capital Management held 186 positions worth $5.7B, down 36% from $8.94B the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Pentwater Capital Management withdrew a net $3.84B in Q4 2022, closing 63 positions and reducing 32 holdings. Its most notable exit was Twitter, Inc., an estimated $1.03B position sold in full.

By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 25% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Pentwater Capital Management opened a new position in Horizon Therapeutics Public Limited Company Ordinary Shares worth $403M.

  • Pentwater Capital Management's largest Q4 2022 buy was Horizon Therapeutics Public Limited Company Ordinary Shares: 3,539,656 shares worth $403M.
  • Pentwater Capital Management added most to State Street SPDR S&P 500 ETF Trust in Q4 2022, an estimated $157M increase.
  • Pentwater Capital Management's biggest Q4 2022 reduction was TEGNA Inc, cutting an estimated $118M.
  • Pentwater Capital Management fully exited Twitter, Inc. in Q4 2022, selling an estimated $1.03B.
  • Pentwater Capital Management's ten largest holdings make up 65% of its $5.7B portfolio in Q4 2022.
  • Pentwater Capital Management opened 39 new positions and closed 63 in Q4 2022.
  • Pentwater Capital Management's portfolio value fell 36% quarter-over-quarter to $5.7B.

Based on Pentwater Capital Management's 13F filing for Q4 2022, filed 14 Feb 2023.