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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
+19.18%
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
$8.92B
AUM Growth
-$9.68B
Cap. Flow
-$10.4B
Cap. Flow %
-116.85%
Top 10 Hldgs %
63.36%
Holding
160
New
45
Increased
25
Reduced
29
Closed
51

Top Buys

Rank Stock Value
1
PXD
Pioneer Natural Resource Co.
PXD
+$1.37B
2
HES
Hess
HES
+$570M
3
X
US Steel
X
+$364M
4
SPLK
Splunk Inc
SPLK
+$228M
5
KRTX
Karuna Therapeutics, Inc. Common Stock
KRTX
+$202M

Top Sells

Rank Stock Value
1
ATVI
Activision Blizzard
ATVI
+$2.84B
2
SGEN
Seagen Inc. Common Stock
SGEN
+$2.73B
3
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
+$1.8B
4
VMW
VMware, Inc
VMW
+$653M
5
NATI
National Instruments Corp
NATI
+$267M

Sector Composition

Rank Sector Weight
1 Energy 21.05%
2 Healthcare 9.51%
3 Technology 8.79%
4 Materials 7.38%
5 Consumer Discretionary 3.89%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LSXMK
51
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
$20.7M 0.23%
720,000
+507,500
+239% +$13.3M
PSTX
52
DELISTED
Poseida Therapeutics, Inc. Common Stock
PSTX
$20.1M 0.23%
5,975,000
– –
ACI icon
53
PUT
Albertsons Companies
ACI
$5.83B
$18.4M 0.21%
+800,000
New +$17.7M
CVX icon
54
PUT
Chevron
CVX
$366B
$16.4M 0.18%
+110,000
New +$16.6M
ACI icon
55
Albertsons Companies
ACI
$5.83B
$15.5M 0.17%
673,300
+583,300
+648% +$12.9M
GRCL
56
DELISTED
Gracell Biotechnologies Inc. American Depositary Shares
GRCL
$14.7M 0.16%
+1,461,000
New +$6.63M
IRBT
57
PUT
DELISTED
iRobot
IRBT
$10.7M 0.12%
276,200
+35,000
+15% +$1.25M
LSXMK
58
PUT
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
$8.63M 0.1%
300,000
– –
VYX icon
59
CALL
NCR Voyix
VYX
$1.14B
$6.76M 0.08%
400,000
-252,000
-39% -$4.02M
SOVO
60
DELISTED
Sovos Brands, Inc. Common Stock
SOVO
$6.61M 0.07%
300,000
+290,000
+2,900% +$6.37M
SOVO
61
PUT
DELISTED
Sovos Brands, Inc. Common Stock
SOVO
$6.61M 0.07%
+300,000
New +$6.59M
TELA icon
62
TELA Bio
TELA
$38.9M
$6.55M 0.07%
990,000
+65,000
+7% +$376K
MGM icon
63
PUT
MGM Resorts International
MGM
$11.2B
$6.38M 0.07%
+142,800
New +$5.6M
BABA icon
64
CALL
Alibaba
BABA
$308B
$6.2M 0.07%
+80,000
New +$6.37M
CI icon
65
Cigna
CI
$74.6B
$5.99M 0.07%
+20,000
New +$5.84M
IHS icon
66
IHS Holding
IHS
$2.81B
$5.28M 0.06%
1,148,219
+325,494
+40% +$1.61M
SAVE
67
CALL
DELISTED
Spirit Airlines, Inc.
SAVE
$5.14M 0.06%
+313,600
New +$4.51M
QQQ icon
68
Invesco QQQ Trust
QQQ
$481B
$5.12M 0.06%
12,500
-27,423
-69% -$10.4M
RYZB
69
DELISTED
RayzeBio, Inc. Common Stock
RYZB
$4.97M 0.06%
+80,000
New +$1.99M
DOYU
70
DouYu International Holdings
DOYU
$142M
$4.54M 0.05%
478,000
-215,196
-31% -$1.86M
DIS icon
71
Walt Disney
DIS
$181B
$4.51M 0.05%
50,000
-42,000
-46% -$3.7M
XBI icon
72
CALL
State Street SPDR S&P Biotech ETF
XBI
$10.3B
$4.46M 0.05%
+50,000
New +$3.71M
AMC icon
73
PUT
AMC Entertainment Holdings
AMC
$2.31B
$4.31M 0.05%
704,400
-2,007,300
-74% -$16.3M
IRBT
74
DELISTED
iRobot
IRBT
$4.06M 0.05%
105,000
-85,000
-45% -$3.02M
VICI icon
75
VICI Properties
VICI
$29.4B
$3.51M 0.04%
110,000
-15,000
-12% -$440K
1 2
3
4 5

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A
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LF
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MIM
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SPIA
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BPA
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NAM
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Pentwater Capital Management's Q4 2023 Portfolio in Review

As of Q4 2023, Pentwater Capital Management held 160 positions worth $8.92B, down 52% from $18.6B the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Pentwater Capital Management withdrew a net $10.4B in Q4 2023, closing 51 positions and reducing 29 holdings. Its most notable exit was Activision Blizzard, an estimated $2.84B position sold in full.

By sector, the portfolio is most concentrated in Energy at 21% of assets, up from 0.63% a quarter earlier, followed by Healthcare and Technology.

Against the trend, Pentwater Capital Management opened a new position in Pioneer Natural Resource Co. worth $1.31B.

  • Pentwater Capital Management's largest Q4 2023 buy was Pioneer Natural Resource Co.: 5,840,000 shares worth $1.31B.
  • Pentwater Capital Management added most to US Steel in Q4 2023, an estimated $364M increase.
  • Pentwater Capital Management's biggest Q4 2023 reduction was Boeing, cutting an estimated $115M.
  • Pentwater Capital Management fully exited Activision Blizzard in Q4 2023, selling an estimated $2.84B.
  • Pentwater Capital Management's ten largest holdings make up 63% of its $8.92B portfolio in Q4 2023.
  • Pentwater Capital Management opened 45 new positions and closed 51 in Q4 2023.
  • Pentwater Capital Management's portfolio value fell 52% quarter-over-quarter to $8.92B.

Based on Pentwater Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.