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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
-1.47%
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
$11.4B
AUM Growth
-$7.46B
Cap. Flow
-$6.58B
Cap. Flow %
-57.74%
Top 10 Hldgs %
57.68%
Holding
203
New
39
Increased
27
Reduced
53
Closed
69

Top Buys

Rank Stock Value
1
PCP
PRECISION CASTPARTS CORP
PCP
+$714M
2
CVC
CABLEVISION SYS CP NY GRP CL-A
CVC
+$144M
3
ALTR
Altera Corp
ALTR
+$132M
4
BEE
STRATEGIC HOTELS & RESORTS, INC
BEE
+$113M
5
CAM
CAMERON INTERNATIONAL CORPORATION
CAM
+$110M

Top Sells

Rank Stock Value
1
DTV
DIRECTV COM STK (DE)
DTV
+$1.13B
2
HSP
HOSPIRA INC
HSP
+$639M
3
PLL
PALL CORP
PLL
+$616M
4
CTRX
CATAMARAN CORP COM STK (CDA)
CTRX
+$611M
5
FDO
FAMILY DOLLAR STORES
FDO
+$459M

Sector Composition

Rank Sector Weight
1 Communication Services 10.88%
2 Industrials 8.45%
3 Healthcare 7.68%
4 Energy 6.07%
5 Materials 3.71%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TE
76
DELISTED
TECO ENERGY INC
TE
$8.93M 0.08%
+340,000
New +$7.61M
HLF icon
77
CALL
Herbalife
HLF
$1.26B
$8.72M 0.08%
320,000
– –
VDTH
78
DELISTED
Videocon d2h Limited
VDTH
$8.69M 0.08%
900,000
-214,100
-19% -$2.47M
RMNI icon
79
Rimini Street
RMNI
$470M
$7.62M 0.07%
+770,130
New +$7.45M
AGN
80
DELISTED
Allergan plc
AGN
$7.62M 0.07%
28,047
+17,400
+163% +$5.34M
YHOO
81
DELISTED
Yahoo Inc
YHOO
$7.52M 0.07%
260,000
-240,000
-48% -$8.33M
HUM icon
82
CALL
Humana
HUM
$45.7B
$7.16M 0.06%
40,000
– –
SPY icon
83
State Street SPDR S&P 500 ETF Trust
SPY
$822B
$6.66M 0.06%
34,750
-384,800
-92% -$78.1M
ZSPH
84
PUT
DELISTED
ZS PHARMA INC COMS TK (DE)
ZSPH
$6.57M 0.06%
+100,000
New +$6M
CZR
85
DELISTED
Caesars Entertainment Corporation
CZR
$6.17M 0.05%
1,048,267
-1,171,733
-53% -$8.64M
BHC icon
86
Bausch Health
BHC
$2.24B
$5.71M 0.05%
+32,000
New +$7.46M
LIND icon
87
Lindblad Expeditions
LIND
$2.18B
$5.62M 0.05%
575,000
-125,100
-18% -$1.24M
LORL
88
DELISTED
Loral Space and Communications, Inc.
LORL
$5.02M 0.04%
106,658
-20,342
-16% -$1.2M
ALTR
89
CALL
DELISTED
Altera Corp
ALTR
$5.01M 0.04%
100,000
-2,290,000
-96% -$114M
VOD icon
90
CALL
Vodafone
VOD
$37.3B
$4.11M 0.04%
129,600
– –
AAPC
91
DELISTED
Atlantic Alliance Partnership Corp
AAPC
$4.06M 0.04%
400,000
– –
TSLA icon
92
PUT
Tesla
TSLA
$1.3T
$3.97M 0.03%
240,000
-195,000
-45% -$3.31M
WMGI
93
DELISTED
Wright Medical Group Inc
WMGI
$3.88M 0.03%
+190,044
New +$4.74M
HLF icon
94
Herbalife
HLF
$1.26B
$3.27M 0.03%
119,800
-180,000
-60% -$4.93M
HRI icon
95
CALL
Herc Holdings
HRI
$5.68B
$3.25M 0.03%
64,667
-2,000
-3% -$105K
KMI.WS
96
DELISTED
Kinder Morgan Inc
KMI.WS
$3.24M 0.03%
3,526,200
-102,700
-3% -$158K
CACQ
97
DELISTED
Caesars Acquisition Company
CACQ
$3.14M 0.03%
+441,931
New +$3.15M
SGM
98
DELISTED
Stonegate Mortgage Corporation
SGM
$3.12M 0.03%
439,306
-130,677
-23% -$1.09M
ANF icon
99
CALL
Abercrombie & Fitch
ANF
$4.97B
$2.97M 0.03%
140,000
– –
VZ icon
100
CALL
Verizon
VZ
$194B
$2.71M 0.02%
62,400
– –
2 3
4
5 6

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A
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LF
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Select Equity Group
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MIM
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SPIA
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BPA
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Pentwater Capital Management's Q3 2015 Portfolio in Review

As of Q3 2015, Pentwater Capital Management held 203 positions worth $11.4B, down 40% from $18.8B the previous quarter. Its ten largest holdings account for 58% of the portfolio.

Pentwater Capital Management withdrew a net $6.58B in Q3 2015, closing 69 positions and reducing 53 holdings. Its most notable exit was DIRECTV COM STK (DE), an estimated $1.13B position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 11% of assets, up from 6.7% a quarter earlier, followed by Industrials and Healthcare.

Against the trend, Pentwater Capital Management opened a new position in PRECISION CASTPARTS CORP worth $764M.

  • Pentwater Capital Management's largest Q3 2015 buy was PRECISION CASTPARTS CORP: 3,325,000 shares worth $764M.
  • Pentwater Capital Management added most to Altera Corp in Q3 2015, an estimated $132M increase.
  • Pentwater Capital Management's biggest Q3 2015 reduction was Charter Communications, cutting an estimated $176M.
  • Pentwater Capital Management fully exited DIRECTV COM STK (DE) in Q3 2015, selling an estimated $1.13B.
  • Pentwater Capital Management's ten largest holdings make up 58% of its $11.4B portfolio in Q3 2015.
  • Pentwater Capital Management opened 39 new positions and closed 69 in Q3 2015.
  • Pentwater Capital Management's portfolio value fell 40% quarter-over-quarter to $11.4B.

Based on Pentwater Capital Management's 13F filing for Q3 2015, filed 16 Nov 2015.