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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
+2.46%
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
$11.8B
AUM Growth
-$1.87B
(-14%)
Cap. Flow
-$1.8B
Cap. Flow
% of AUM
-15.26%
Top 10 Holdings %
Top 10 Hldgs %
76.47%
Holding
175
New
55
Increased
31
Reduced
42
Closed
30
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AET
Aetna Inc
AET
|
+$615M |
| 2 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$156M |
| 3 |
ESRX
Express Scripts Holding Company
ESRX
|
+$138M |
| 4 |
Fortive
FTV
|
+$121M |
| 5 |
IDTI
Integrated Device Technology I
IDTI
|
+$118M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AABA
Altaba Inc
AABA
|
+$969M |
| 2 |
Dell
DELL
|
+$219M |
| 3 |
TRCO
TRIBUNE MEDIA COMPANY CLASS A
TRCO
|
+$150M |
| 4 |
XL
XL Group Ltd.
XL
|
+$117M |
| 5 |
ILG
ILG, Inc Common Stock
ILG
|
+$96.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 12.75% |
| 2 | Technology | 12.1% |
| 3 | Healthcare | 11.69% |
| 4 | Communication Services | 7.32% |
| 5 | Materials | 2.47% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
101
Elanco Animal Health
ELAN
$12.1B
| $1.4M | 0.01% |
+40,000
| New | +$1.41M |
|
102
Spotify
SPOT
$97.7B
| $1.36M | 0.01% |
7,500
+1,500
| +25% | +$275K |
|
103
CALL
GE Aerospace
GE
$389B
| $1.35M | 0.01% |
25,039
| – | – |
|
|
ZUO
104
DELISTED
Zuora, Inc.
ZUO
| $1.23M | 0.01% |
+53,090
| New | +$1.42M |
|
|
IOTS
105
DELISTED
Adesto Technologies Corp
IOTS
| $1.19M | 0.01% |
+200,000
| New | +$1.19M |
|
106
Domo
DOMO
$179M
| $1.18M | 0.01% |
55,000
-40,000
| -42% | -$792K |
|
107
Sutro Biopharma
STRO
$400M
| $1.05M | 0.01% |
+7,000
| New | +$1.06M |
|
108
Arvinas
ARVN
$568M
| $1.01M | 0.01% |
+60,000
| New | +$988K |
|
|
FRC
109
DELISTED
First Republic Bank
FRC
| $960K | 0.01% |
+10,000
| New | +$1.01M |
|
|
MNTV
110
DELISTED
Momentive Global Inc. Common Stock
MNTV
| $957K | 0.01% |
+59,700
| New | +$983K |
|
111
Tenable Holdings
TENB
$3.98B
| $943K | 0.01% |
+24,245
| New | +$806K |
|
112
SiriusXM
SIRI
$10.1B
| $910K | 0.01% |
+14,400
| New | +$1M |
|
113
Cushman & Wakefield Ltd
CWK
$3.21B
| $850K | 0.01% |
+50,000
| New | +$894K |
|
114
American Airlines Group
AAL
$10.6B
| $832K | 0.01% |
20,136
-14,864
| -42% | -$581K |
|
115
PagSeguro Digital
PAGS
$2.62B
| $830K | 0.01% |
30,000
-57,500
| -66% | -$1.56M |
|
|
CARB
116
DELISTED
Carbonite Inc
CARB
| $713K | 0.01% |
+20,000
| New | +$769K |
|
|
AZUL
117
DELISTED
Azul
AZUL
| $712K | 0.01% |
40,000
-10,000
| -20% | -$177K |
|
|
PRO
118
DELISTED
PROS Holdings
PRO
| $700K | 0.01% |
+20,000
| New | +$751K |
|
|
DEA
119
Easterly Government Properties
DEA
$1.18B
| $678K | 0.01% |
14,000
| – | – |
|
120
Amalgamated Financial
AMAL
$1.5B
| $675K | 0.01% |
+35,000
| New | +$627K |
|
|
DAY
121
DELISTED
Dayforce
DAY
| $672K | 0.01% |
16,000
-9,000
| -36% | -$330K |
|
|
WMGI
122
DELISTED
Wright Medical Group Inc
WMGI
| $580K | ﹤0.01% |
+20,000
| New | +$539K |
|
123
i3 Verticals
IIIV
$429M
| $575K | ﹤0.01% |
25,000
-15,000
| -38% | -$268K |
|
124
Evolent Health
EVH
$404M
| $568K | ﹤0.01% |
20,000
-10,000
| -33% | -$239K |
|
|
AIMC
125
DELISTED
Altra Industrial Motion Corp
AIMC
| $500K | ﹤0.01% |
+12,100
| New | +$506K |
|
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Pentwater Capital Management's Q3 2018 Portfolio in Review
As of Q3 2018, Pentwater Capital Management held 175 positions worth $11.8B, down 14% from $13.7B the previous quarter. Its ten largest holdings account for 76% of the portfolio.
Pentwater Capital Management withdrew a net $1.8B in Q3 2018, closing 30 positions and reducing 42 holdings. Its most notable exit was Altaba Inc, an estimated $969M position sold in full.
By sector, the portfolio is most concentrated in Financials at 13% of assets, up from 6.5% a quarter earlier, followed by Technology and Healthcare.
Against the trend, Pentwater Capital Management opened a new position in Fortive worth $125M.
- Pentwater Capital Management's largest Q3 2018 buy was Fortive: 2,354,861 shares worth $125M.
- Pentwater Capital Management added most to Aetna Inc in Q3 2018, an estimated $615M increase.
- Pentwater Capital Management's biggest Q3 2018 reduction was Dell, cutting an estimated $219M.
- Pentwater Capital Management fully exited Altaba Inc in Q3 2018, selling an estimated $969M.
- Pentwater Capital Management's ten largest holdings make up 76% of its $11.8B portfolio in Q3 2018.
- Pentwater Capital Management opened 55 new positions and closed 30 in Q3 2018.
- Pentwater Capital Management's portfolio value fell 14% quarter-over-quarter to $11.8B.
Based on Pentwater Capital Management's 13F filing for Q3 2018, filed 14 Nov 2018.