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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
-0.32%
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
$6.4B
AUM Growth
-$2.91B
(-31%)
Cap. Flow
-$2.77B
Cap. Flow
% of AUM
-43.38%
Top 10 Holdings %
Top 10 Hldgs %
64.6%
Holding
239
New
57
Increased
26
Reduced
57
Closed
84
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$264M |
| 2 |
ONCE
Spark Therapeutics, Inc. Common Stock
ONCE
|
+$133M |
| 3 |
PG&E
PCG
|
+$60.6M |
| 4 |
VIAB
Viacom Inc. Class B
VIAB
|
+$55.8M |
| 5 |
Philip Morris
PM
|
+$43.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
APC
Anadarko Petroleum
APC
|
+$619M |
| 2 |
AGN
Allergan plc
AGN
|
+$582M |
| 3 |
RHT
Red Hat Inc
RHT
|
+$457M |
| 4 |
NXP Semiconductors
NXPI
|
+$223M |
| 5 |
ARRY
Array Biopharma Inc
ARRY
|
+$128M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 12.92% |
| 2 | Technology | 7.16% |
| 3 | Industrials | 2.45% |
| 4 | Consumer Discretionary | 2.31% |
| 5 | Materials | 2.06% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
76
PUT
Altria Group
MO
$114B
| $3.27M | 0.05% |
+80,000
| New | +$3.68M |
|
|
CELG
77
CALL
DELISTED
Celgene Corp
CELG
| $3.23M | 0.05% |
+32,500
| New | +$3.09M |
|
78
PUT
T-Mobile US
TMUS
$190B
| $3.15M | 0.05% |
+40,000
| New | +$3.13M |
|
|
VER
79
DELISTED
VEREIT, Inc.
VER
| $3.12M | 0.05% |
63,779
-94,700
| -60% | -$4.47M |
|
80
Ingersoll Rand
IR
$34.2B
| $2.83M | 0.04% |
100,000
| – | – |
|
|
AIMC
81
DELISTED
Altra Industrial Motion Corp
AIMC
| $2.77M | 0.04% |
100,000
-425,000
| -81% | -$12.1M |
|
|
AIMC
82
PUT
DELISTED
Altra Industrial Motion Corp
AIMC
| $2.77M | 0.04% |
100,000
| – | – |
|
|
EXAS
83
DELISTED
Exact Sciences
EXAS
| $2.62M | 0.04% |
+29,000
| New | +$3.3M |
|
84
CALL
BJs Wholesale Club
BJ
$12.3B
| $2.59M | 0.04% |
+100,000
| New | +$2.49M |
|
|
S
85
DELISTED
Sprint Corporation
S
| $2.42M | 0.04% |
392,700
-592,000
| -60% | -$4.07M |
|
86
CALL
Boeing
BA
$184B
| $2.28M | 0.04% |
6,000
-46,500
| -89% | -$16.6M |
|
|
ALXN
87
DELISTED
Alexion Pharmaceuticals
ALXN
| $2.2M | 0.03% |
+22,500
| New | +$2.54M |
|
|
PDCE
88
DELISTED
PDC Energy, Inc.
PDCE
| $2.19M | 0.03% |
+79,000
| New | +$2.37M |
|
89
Bank of America
BAC
$441B
| $2.19M | 0.03% |
75,000
| – | – |
|
90
CALL
RTX Corp
RTX
$299B
| $2.05M | 0.03% |
23,835
-111,230
| -82% | -$9.23M |
|
91
CALL
Dropbox
DBX
$8.1B
| $2.02M | 0.03% |
+100,000
| New | +$2.13M |
|
|
CBM
92
DELISTED
Cambrex Corporation
CBM
| $1.96M | 0.03% |
+33,000
| New | +$1.77M |
|
|
DAY
93
DELISTED
Dayforce
DAY
| $1.73M | 0.03% |
35,000
-19,700
| -36% | -$1.03M |
|
|
CHNG
94
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $1.69M | 0.03% |
140,000
-10,000
| -7% | -$137K |
|
95
PUT
Alibaba
BABA
$308B
| $1.67M | 0.03% |
10,000
-217,700
| -96% | -$37.4M |
|
|
AMAG
96
DELISTED
AMAG Pharmaceuticals
AMAG
| $1.54M | 0.02% |
+133,100
| New | +$1.4M |
|
97
CALL
Axalta
AXTA
$8.15B
| $1.51M | 0.02% |
+50,000
| New | +$1.48M |
|
98
First Hawaiian
FHB
$3.36B
| $1.33M | 0.02% |
50,000
-130,000
| -72% | -$3.37M |
|
99
WillScot Mobile Mini Holdings
WSC
$4.57B
| $1.25M | 0.02% |
80,000
-30,000
| -27% | -$449K |
|
|
ENDP
100
DELISTED
Endo International plc
ENDP
| $1.22M | 0.02% |
+380,000
| New | +$1.23M |
|
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Pentwater Capital Management's Q3 2019 Portfolio in Review
As of Q3 2019, Pentwater Capital Management held 239 positions worth $6.4B, down 31% from $9.31B the previous quarter. Its ten largest holdings account for 65% of the portfolio.
Pentwater Capital Management withdrew a net $2.77B in Q3 2019, closing 84 positions and reducing 57 holdings. Its most notable exit was Anadarko Petroleum, an estimated $619M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 13% of assets, down from 16% a quarter earlier, followed by Technology and Industrials.
Against the trend, Pentwater Capital Management opened a new position in Viacom Inc. Class B worth $48.1M.
- Pentwater Capital Management's largest Q3 2019 buy was Viacom Inc. Class B: 2,000,100 shares worth $48.1M.
- Pentwater Capital Management added most to State Street SPDR S&P 500 ETF Trust in Q3 2019, an estimated $264M increase.
- Pentwater Capital Management's biggest Q3 2019 reduction was Allergan plc, cutting an estimated $582M.
- Pentwater Capital Management fully exited Anadarko Petroleum in Q3 2019, selling an estimated $619M.
- Pentwater Capital Management's ten largest holdings make up 65% of its $6.4B portfolio in Q3 2019.
- Pentwater Capital Management opened 57 new positions and closed 84 in Q3 2019.
- Pentwater Capital Management's portfolio value fell 31% quarter-over-quarter to $6.4B.
Based on Pentwater Capital Management's 13F filing for Q3 2019, filed 14 Nov 2019.