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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
+6.6%
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
$15B
AUM Growth
+$3.38B
Cap. Flow
+$3.07B
Cap. Flow %
20.42%
Top 10 Hldgs %
64.96%
Holding
127
New
24
Increased
32
Reduced
19
Closed
31

Top Buys

Rank Stock Value
1
AET
Aetna Inc
AET
+$838M
2
QCOM icon
Qualcomm
QCOM
+$763M
3
MON
Monsanto Co
MON
+$307M
4
OA
Orbital ATK, Inc.
OA
+$183M
5
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
+$79.6M

Top Sells

Rank Stock Value
1
LVLT
Level 3 Communications Inc
LVLT
+$548M
2
SNI
Scripps Networks Interactive, Inc Common Class A
SNI
+$144M
3
CPN
Calpine Corporation
CPN
+$95.9M
4
RICE
Rice Energy Inc.
RICE
+$65.1M
5
BCR
CR Bard Inc.
BCR
+$61.9M

Sector Composition

Rank Sector Weight
1 Technology 19.87%
2 Materials 9.15%
3 Communication Services 7.52%
4 Financials 6.42%
5 Healthcare 1.22%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RNGR icon
101
Ranger Energy Services
RNGR
$376M
– –
-50,000
Closed -$735K
TGNA
102
DELISTED
TEGNA Inc
TGNA
– –
-130,000
Closed -$1.73M
THC icon
103
Tenet Healthcare
THC
$20.5B
– –
-10,000
Closed -$164K
TMUS icon
104
CALL
T-Mobile US
TMUS
$185B
– –
-443,500
Closed -$27.3M
TMUS icon
105
T-Mobile US
TMUS
$185B
– –
-550,000
Closed -$33.9M
USB.PRH icon
106
CALL
US Bancorp Series B Preferred Stock
USB.PRH
$748M
– –
-70,100
Closed -$3.76M
VER
107
DELISTED
VEREIT, Inc.
VER
– –
-22,000
Closed -$912K
AKRX
108
DELISTED
Akorn Inc
AKRX
– –
-1,080,000
Closed -$35.8M
TSRO
109
PUT
DELISTED
TESARO, Inc.
TSRO
– –
-8,900
Closed -$1.15M
OA
110
CALL
DELISTED
Orbital ATK, Inc.
OA
– –
-251,800
Closed -$33.5M
BGC
111
DELISTED
General Cable Corporation
BGC
– –
-40,000
Closed -$754K
VDTH
112
DELISTED
Videocon d2h Limited
VDTH
– –
-42,701
Closed -$380K
STRP
113
PUT
DELISTED
Straight Path Communications Inc.
STRP
– –
-60,000
Closed -$10.8M
VWR
114
DELISTED
VWR Corporation
VWR
– –
-18,887
Closed -$625K
ABCO
115
DELISTED
Advisory Board Co
ABCO
– –
-950,000
Closed -$50.9M
BRCD
116
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
– –
-1,440,000
Closed -$17.2M
RICE
117
DELISTED
Rice Energy Inc.
RICE
– –
-2,250,000
Closed -$65.1M
RICE
118
PUT
DELISTED
Rice Energy Inc.
RICE
– –
-250,000
Closed -$7.24M
LVLT
119
DELISTED
Level 3 Communications Inc
LVLT
– –
-10,285,000
Closed -$548M
CACQ
120
DELISTED
Caesars Acquisition Company
CACQ
– –
-1,454,451
Closed -$31.2M
KITE
121
DELISTED
Kite Pharma, Inc.
KITE
– –
-290,000
Closed -$52.1M
ALR
122
PUT
DELISTED
Alere Inc
ALR
– –
-200,000
Closed -$10.2M
PRXL
123
DELISTED
Parexel International Corp
PRXL
– –
-198,000
Closed -$17.4M
ESV
124
DELISTED
Ensco Rowan plc
ESV
– –
-20,000
Closed -$478K
BCR
125
DELISTED
CR Bard Inc.
BCR
– –
-193,000
Closed -$61.9M
2 3 4
5
6

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CS
Candriam SCA Strassen, Luxembourg, Luxembourg $19.3B AUM 39.18% 1-Year Est. Return
MGP
M&G plc London, United Kingdom $19.4B AUM 16.7% 1-Year Est. Return
A
AustralianSuper Melbourne, Australia $19.2B AUM 31.95% 1-Year Est. Return
LF
Lansforsakringar Fondforvaltning Stockholm, Sweden $19.1B AUM 26.9% 1-Year Est. Return
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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Pentwater Capital Management's Q4 2017 Portfolio in Review

As of Q4 2017, Pentwater Capital Management held 127 positions worth $15B, up 29% from $11.7B the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Pentwater Capital Management deployed $3.07B of net new capital in Q4 2017, opening 24 new positions and adding to 32 existing holdings. Its largest new stake was Aetna Inc: 4,880,000 shares worth $880M.

By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Materials and Communication Services.

On the sell side, the largest reduction was Scripps Networks Interactive, Inc Common Class A, an estimated $144M trimmed.

  • Pentwater Capital Management's largest Q4 2017 buy was Aetna Inc: 4,880,000 shares worth $880M.
  • Pentwater Capital Management added most to Qualcomm in Q4 2017, an estimated $763M increase.
  • Pentwater Capital Management's biggest Q4 2017 reduction was Scripps Networks Interactive, Inc Common Class A, cutting an estimated $144M.
  • Pentwater Capital Management fully exited Level 3 Communications Inc in Q4 2017, selling an estimated $548M.
  • Pentwater Capital Management's ten largest holdings make up 65% of its $15B portfolio in Q4 2017.
  • Pentwater Capital Management opened 24 new positions and closed 31 in Q4 2017.
  • Pentwater Capital Management's portfolio value rose 29% quarter-over-quarter to $15B.

Based on Pentwater Capital Management's 13F filing for Q4 2017, filed 7 Feb 2018.