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PCM
Pentwater Capital Management Portfolio holdings
AUM
$19.3B
1-Year Est. Return
58.13%
This Fund
S&P 500
This Quarter
Est. Return
+15.32%
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
$9.31B
AUM Growth
+$1.38B
(+17%)
Cap. Flow
+$1.01B
Cap. Flow
% of AUM
10.84%
Top 10 Holdings %
Top 10 Hldgs %
57.26%
Holding
226
New
90
Increased
25
Reduced
49
Closed
45
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
APC
Anadarko Petroleum
APC
|
+$589M |
| 2 |
AGN
Allergan plc
AGN
|
+$492M |
| 3 |
ZAYO
Zayo Group Holdings, Inc.
ZAYO
|
+$231M |
| 4 |
CY
Cypress Semiconductor
CY
|
+$185M |
| 5 |
RHT
Red Hat Inc
RHT
|
+$124M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CELG
Celgene Corp
CELG
|
+$383M |
| 2 |
Walt Disney
DIS
|
+$196M |
| 3 |
WCG
Wellcare Health Plans, Inc.
WCG
|
+$186M |
| 4 |
ARRS
ARRIS International plc Ordinary Shares
ARRS
|
+$132M |
| 5 |
IDTI
Integrated Device Technology I
IDTI
|
+$129M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 15.64% |
| 2 | Technology | 8.71% |
| 3 | Communication Services | 5.59% |
| 4 | Industrials | 3.72% |
| 5 | Materials | 2.97% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SBOW
76
DELISTED
SilverBow Resources, Inc.
SBOW
| $8.84M | 0.1% |
638,052
| – | – |
|
|
RTN
77
CALL
DELISTED
Raytheon Company
RTN
| $8.69M | 0.09% |
+50,000
| New | +$9M |
|
78
PUT
iShares S&P 100 ETF
OEF
$20.5B
| $7.94M | 0.09% |
+40,000
| New | +$5.11M |
|
79
Invesco QQQ Trust
QQQ
$485B
| $7.47M | 0.08% |
+40,000
| New | +$7.36M |
|
|
MGLN
80
PUT
DELISTED
Magellan Health Services, Inc.
MGLN
| $7.42M | 0.08% |
+100,000
| New | +$6.72M |
|
81
PUT
PG&E
PCG
$38.4B
| $7.33M | 0.08% |
320,000
+190,000
| +146% | +$3.82M |
|
|
ESPR
82
CALL
DELISTED
Esperion Therapeutics
ESPR
| $7.21M | 0.08% |
+155,000
| New | +$7.28M |
|
|
VER
83
DELISTED
VEREIT, Inc.
VER
| $7.14M | 0.08% |
158,479
-152,430
| -49% | -$6.59M |
|
|
MGLN
84
DELISTED
Magellan Health Services, Inc.
MGLN
| $6.71M | 0.07% |
+90,438
| New | +$6.08M |
|
|
S
85
DELISTED
Sprint Corporation
S
| $6.47M | 0.07% |
+984,700
| New | +$6.22M |
|
|
ONCE
86
PUT
DELISTED
Spark Therapeutics, Inc. Common Stock
ONCE
| $6.14M | 0.07% |
+60,000
| New | +$6.47M |
|
|
I
87
CALL
DELISTED
INTELSAT S. A.
I
| $5.83M | 0.06% |
+300,000
| New | +$5.81M |
|
|
WAGE
88
DELISTED
WageWorks, Inc.
WAGE
| $5.54M | 0.06% |
+109,087
| New | +$5.16M |
|
89
American Airlines Group
AAL
$11B
| $5.53M | 0.06% |
169,439
-98,000
| -37% | -$3.17M |
|
|
MXIM
90
PUT
DELISTED
Maxim Integrated Products
MXIM
| $5.38M | 0.06% |
90,000
| – | – |
|
91
Williams Companies
WMB
$87.5B
| $5.33M | 0.06% |
190,000
-10,000
| -5% | -$278K |
|
|
92
PUT
American Airlines Group
AAL
$11B
| $5.14M | 0.06% |
157,500
-667,500
| -81% | -$21.6M |
|
93
VanEck Semiconductor ETF
SMH
$72.3B
| $4.96M | 0.05% |
+90,000
| New | +$4.9M |
|
94
CALL
Howard Hughes
HHH
$3.91B
| $4.95M | 0.05% |
+41,960
| New | +$4.3M |
|
95
First Hawaiian
FHB
$3.44B
| $4.66M | 0.05% |
180,000
-30,000
| -14% | -$793K |
|
96
PUT
Amazon
AMZN
$2.99T
| $3.79M | 0.04% |
+40,000
| New | +$3.73M |
|
97
PUT
AbbVie
ABBV
$431B
| $3.64M | 0.04% |
+50,000
| New | +$3.93M |
|
|
AIMC
98
PUT
DELISTED
Altra Industrial Motion Corp
AIMC
| $3.59M | 0.04% |
+100,000
| New | +$3.45M |
|
99
Ingersoll Rand
IR
$34.7B
| $3.46M | 0.04% |
100,000
-55,900
| -36% | -$1.81M |
|
|
AGN
100
PUT
DELISTED
Allergan plc
AGN
| $3.35M | 0.04% |
+20,000
| New | +$2.77M |
|
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Pentwater Capital Management's Q2 2019 Portfolio in Review
As of Q2 2019, Pentwater Capital Management held 226 positions worth $9.31B, up 17% from $7.93B the previous quarter. Its ten largest holdings account for 57% of the portfolio.
Pentwater Capital Management deployed $1.01B of net new capital in Q2 2019, opening 90 new positions and adding to 25 existing holdings. Its largest new stake was Anadarko Petroleum: 8,779,500 shares worth $619M.
By sector, the portfolio is most concentrated in Healthcare at 16% of assets, up from 14% a quarter earlier, followed by Technology and Communication Services.
On the sell side, the largest reduction was Celgene Corp, an estimated $383M trimmed.
- Pentwater Capital Management's largest Q2 2019 buy was Anadarko Petroleum: 8,779,500 shares worth $619M.
- Pentwater Capital Management added most to Allergan plc in Q2 2019, an estimated $492M increase.
- Pentwater Capital Management's biggest Q2 2019 reduction was Celgene Corp, cutting an estimated $383M.
- Pentwater Capital Management fully exited Walt Disney in Q2 2019, selling an estimated $196M.
- Pentwater Capital Management's ten largest holdings make up 57% of its $9.31B portfolio in Q2 2019.
- Pentwater Capital Management opened 90 new positions and closed 45 in Q2 2019.
- Pentwater Capital Management's portfolio value rose 17% quarter-over-quarter to $9.31B.
Based on Pentwater Capital Management's 13F filing for Q2 2019, filed 14 Aug 2019.