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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
SAVE
101
DELISTED
Spirit Airlines, Inc.
SAVE
$410K ﹤0.01%
+25,000
New +$360K
PRTC
102
DELISTED
PureTech Health
PRTC
$289K ﹤0.01%
+10,244
New +$209K
FHN icon
103
First Horizon
FHN
$12.1B
$283K ﹤0.01%
20,000
-504,600
-96% -$6.08M
RNLX
104
DELISTED
Renalytix plc American Depositary Shares
RNLX
$273K ﹤0.01%
700,000
+101,560
+17% +$81K
GTES icon
105
Gates Industrial Corporation Ltd.
GTES
$7.15B
$268K ﹤0.01%
+20,000
New +$237K
BIRK icon
106
Birkenstock
BIRK
$7.07B
$244K ﹤0.01%
+5,000
New +$216K
EDR
107
CALL
DELISTED
Endeavor Group Holdings, Inc.
EDR
$35.6K ﹤0.01%
+1,500
New +$33.8K
AMD icon
108
Advanced Micro Devices
AMD
$789B
– –
-64,500
Closed -$6.63M
AMD icon
109
PUT
Advanced Micro Devices
AMD
$789B
– –
-63,500
Closed -$6.53M
AMZN icon
110
Amazon
AMZN
$2.96T
– –
-1,000
Closed -$127K
AMZN icon
111
PUT
Amazon
AMZN
$2.96T
– –
-1,000
Closed -$127K
AVGO icon
112
CALL
Broadcom
AVGO
$2.04T
– –
-655,000
Closed -$54.4M
AVGO icon
113
PUT
Broadcom
AVGO
$2.04T
– –
-3,295,000
Closed -$274M
BIPC icon
114
Brookfield Infrastructure
BIPC
$4.85B
– –
-363,390
Closed -$12.8M
CRBU icon
115
CALL
Caribou Biosciences
CRBU
$164M
– –
-10,000
Closed -$47.8K
DIS icon
116
PUT
Walt Disney
DIS
$181B
– –
-37,500
Closed -$3.04M
ETNB
117
DELISTED
89bio
ETNB
– –
-30,000
Closed -$463K
EWA icon
118
PUT
iShares MSCI Australia ETF
EWA
$1.45B
– –
-150,000
Closed -$3.23M
EWU icon
119
PUT
iShares MSCI United Kingdom ETF
EWU
$4.16B
– –
-200,000
Closed -$6.33M
FCX icon
120
CALL
Freeport-McMoran
FCX
$97.5B
– –
-30,000
Closed -$1.12M
FHN icon
121
PUT
First Horizon
FHN
$12.1B
– –
-504,600
Closed -$5.56M
HUYA
122
Huya Inc
HUYA
$558M
– –
-65,000
Closed -$185K
IWM icon
123
PUT
iShares Russell 2000 ETF
IWM
$83B
– –
-50,000
Closed -$8.84M
KRE icon
124
CALL
State Street SPDR S&P Regional Banking ETF
KRE
$4.64B
– –
-55,000
Closed -$2.3M
KRE icon
125
State Street SPDR S&P Regional Banking ETF
KRE
$4.64B
– –
-220,000
Closed -$9.84M
3 4
5
6 7

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CS
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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
Steward Partners Investment Advisory New York $19.6B AUM 22.89% 1-Year Est. Return
BPA
Beacon Pointe Advisors Newport Beach, California $18.9B AUM 18.9% 1-Year Est. Return
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.