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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
MIR icon
76
Mirion Technologies
MIR
$3.91B
$3.43M 0.04%
335,000
-243,186
-42% -$2.05M
SNPS icon
77
PUT
Synopsys
SNPS
$79.7B
$3.09M 0.03%
+6,000
New +$3.07M
NGMS
78
DELISTED
NeoGames S.A. Ordinary Shares
NGMS
$2.86M 0.03%
100,000
+71,000
+245% +$1.92M
SNPS icon
79
CALL
Synopsys
SNPS
$79.7B
$2.57M 0.03%
+5,000
New +$2.56M
WMB icon
80
Williams Companies
WMB
$86.1B
$2.44M 0.03%
70,000
– –
ODD icon
81
ODDITY Tech
ODD
$651M
$2.33M 0.03%
50,000
– –
SP
82
DELISTED
SP Plus Corporation
SP
$2.05M 0.02%
+40,000
New +$2.01M
SYF icon
83
Synchrony
SYF
$25.6B
$2M 0.02%
52,500
-2,500
-5% -$79.1K
STRO icon
84
Sutro Biopharma
STRO
$421M
$1.93M 0.02%
45,000
+2,000
+5% +$63.5K
CMBT
85
CMB.TECH NV
CMBT
$4.73B
$1.84M 0.02%
+104,868
New +$1.86M
CRBG icon
86
Corebridge Financial
CRBG
$15B
$1.52M 0.02%
70,000
+48,000
+218% +$990K
MBLY icon
87
CALL
Mobileye
MBLY
$2.2B
$1.52M 0.02%
+35,000
New +$1.38M
ODD icon
88
PUT
ODDITY Tech
ODD
$651M
$1.4M 0.02%
30,000
– –
JPM icon
89
JPMorgan Chase
JPM
$950B
$1.36M 0.02%
8,000
-10,000
-56% -$1.52M
BAC icon
90
Bank of America
BAC
$442B
$1.35M 0.02%
40,000
– –
BA icon
91
CALL
Boeing
BA
$185B
$1.3M 0.01%
5,000
-130,700
-96% -$28M
MBLY icon
92
Mobileye
MBLY
$2.2B
$1.3M 0.01%
30,000
-12,500
-29% -$492K
HG icon
93
Hamilton Insurance Group
HG
$3.56B
$1.05M 0.01%
+70,000
New +$1.06M
RXRX icon
94
Recursion Pharmaceuticals
RXRX
$1.73B
$986K 0.01%
100,000
– –
KVYO icon
95
Klaviyo
KVYO
$4.73B
$833K 0.01%
+30,000
New +$888K
KRE icon
96
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.57B
$802K 0.01%
15,300
-217,300
-93% -$9.72M
HTZ icon
97
CALL
Hertz
HTZ
$809M
$796K 0.01%
76,600
– –
ARM icon
98
Arm
ARM
$302B
$751K 0.01%
10,000
-7,500
-43% -$439K
AMC icon
99
AMC Entertainment Holdings
AMC
$2.31B
$532K 0.01%
86,923
-291,404
-77% -$2.37M
SNPS icon
100
Synopsys
SNPS
$79.7B
$515K 0.01%
+1,000
New +$511K
2 3
4
5 6

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A
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LF
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Select Equity Group
Select Equity Group New York $19.5B AUM 17.33% 1-Year Est. Return
MIM
MetLife Investment Management Whippany, New Jersey $19.6B AUM 32.64% 1-Year Est. Return
SPIA
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BPA
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NAM
Nissay Asset Management Tokyo, Japan $18.9B AUM 27.21% 1-Year Est. Return

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.