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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
+21.84%
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
$6.11B
AUM Growth
-$283M
Cap. Flow
-$874M
Cap. Flow %
-14.3%
Top 10 Hldgs %
62.65%
Holding
207
New
52
Increased
29
Reduced
48
Closed
56

Top Buys

Rank Stock Value
1
AMTD
TD Ameritrade Holding Corp
AMTD
+$221M
2
TIF
Tiffany & Co.
TIF
+$170M
3
PCG icon
PG&E
PCG
+$105M
4
BMY.RT
Bristol-Myers Squibb Company Contingent Value Rights
BMY.RT
+$92.5M
5
BA icon
Boeing
BA
+$91.4M

Top Sells

Rank Stock Value
1
CELG
Celgene Corp
CELG
+$615M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$363M
3
ONCE
Spark Therapeutics, Inc. Common Stock
ONCE
+$204M
4
WCG
Wellcare Health Plans, Inc.
WCG
+$122M
5
ADSW
Advanced Disposal Services Inc
ADSW
+$77.1M

Sector Composition

Rank Sector Weight
1 Technology 8.69%
2 Financials 4.76%
3 Healthcare 4.33%
4 Utilities 3.73%
5 Industrials 3.26%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GEO icon
76
PUT
The GEO Group
GEO
$4.16B
$3.65M 0.06%
+220,000
New +$3.34M
BJ icon
77
BJs Wholesale Club
BJ
$12.4B
$3.41M 0.06%
150,000
-101,800
-40% -$2.52M
TMUS icon
78
PUT
T-Mobile US
TMUS
$190B
$3.14M 0.05%
40,000
– –
AXTA icon
79
PUT
Axalta
AXTA
$8.14B
$3.04M 0.05%
100,000
-50,000
-33% -$1.47M
CSTM icon
80
PUT
Constellium
CSTM
$4.04B
$2.95M 0.05%
+220,000
New +$3.04M
DAY
81
DELISTED
Dayforce
DAY
$2.44M 0.04%
36,000
+1,000
+3% +$55.2K
INVH icon
82
Invitation Homes
INVH
$18.1B
$2.4M 0.04%
+80,000
New +$2.4M
BJ icon
83
CALL
BJs Wholesale Club
BJ
$12.4B
$2.27M 0.04%
100,000
– –
BAC icon
84
Bank of America
BAC
$441B
$2.11M 0.03%
60,000
-15,000
-20% -$485K
IR icon
85
Ingersoll Rand
IR
$34.2B
$1.83M 0.03%
50,000
-50,000
-50% -$1.64M
DBX icon
86
CALL
Dropbox
DBX
$8.08B
$1.79M 0.03%
100,000
– –
LVGO
87
DELISTED
Livongo Health, Inc. Common Stock
LVGO
$1.63M 0.03%
65,000
+28,190
+77% +$674K
PSN icon
88
Parsons
PSN
$5.07B
$1.55M 0.03%
37,500
+2,500
+7% +$93.3K
WSC icon
89
WillScot Mobile Mini Holdings
WSC
$4.62B
$1.48M 0.02%
80,000
– –
CHNG
90
DELISTED
Change Healthcare Inc. Common Stock
CHNG
$1.47M 0.02%
89,400
-50,600
-36% -$679K
TEVA icon
91
CALL
Teva Pharmaceuticals
TEVA
$40.8B
$1.37M 0.02%
140,000
– –
TUFN
92
DELISTED
Tufin Software Technologies Ltd.
TUFN
$1.32M 0.02%
75,000
+55,000
+275% +$939K
VER
93
DELISTED
VEREIT, Inc.
VER
$1.29M 0.02%
27,984
-35,795
-56% -$1.72M
NXPI icon
94
PUT
NXP Semiconductors
NXPI
$60.3B
$1.27M 0.02%
10,000
-60,000
-86% -$6.96M
RJET
95
Republic Airways Holdings
RJET
$994M
$1.25M 0.02%
9,333
+2,666
+40% +$308K
MNTV
96
DELISTED
Momentive Global Inc. Common Stock
MNTV
$1.25M 0.02%
70,000
– –
AAL icon
97
American Airlines Group
AAL
$10.6B
$1.22M 0.02%
42,648
-126,791
-75% -$3.62M
GO icon
98
Grocery Outlet
GO
$968M
$1.13M 0.02%
+34,850
New +$1.12M
DDOG icon
99
Datadog
DDOG
$84B
$1.06M 0.02%
28,000
+8,000
+40% +$288K
THOR
100
CALL
DELISTED
Synthorx, Inc. Common Stock
THOR
$1.05M 0.02%
+15,000
New +$428K
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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NAM
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Pentwater Capital Management's Q4 2019 Portfolio in Review

As of Q4 2019, Pentwater Capital Management held 207 positions worth $6.11B, down 4.4% from $6.4B the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Pentwater Capital Management withdrew a net $874M in Q4 2019, closing 56 positions and reducing 48 holdings. Its most notable exit was Celgene Corp, an estimated $615M position sold in full.

By sector, the portfolio is most concentrated in Technology at 8.7% of assets, up from 7.2% a quarter earlier, followed by Financials and Healthcare.

Against the trend, Pentwater Capital Management opened a new position in TD Ameritrade Holding Corp worth $253M.

  • Pentwater Capital Management's largest Q4 2019 buy was TD Ameritrade Holding Corp: 5,089,000 shares worth $253M.
  • Pentwater Capital Management added most to PG&E in Q4 2019, an estimated $105M increase.
  • Pentwater Capital Management's biggest Q4 2019 reduction was Wellcare Health Plans, Inc., cutting an estimated $122M.
  • Pentwater Capital Management fully exited Celgene Corp in Q4 2019, selling an estimated $615M.
  • Pentwater Capital Management's ten largest holdings make up 63% of its $6.11B portfolio in Q4 2019.
  • Pentwater Capital Management opened 52 new positions and closed 56 in Q4 2019.
  • Pentwater Capital Management's portfolio value fell 4.4% quarter-over-quarter to $6.11B.

Based on Pentwater Capital Management's 13F filing for Q4 2019, filed 14 Feb 2020.