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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
+2.72%
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
$3.61B
AUM Growth
-$1.09B
Cap. Flow
-$1.24B
Cap. Flow %
-34.43%
Top 10 Hldgs %
58.4%
Holding
148
New
48
Increased
25
Reduced
29
Closed
30

Top Buys

Rank Stock Value
1
LPS
LENDER PROCESSING SERVICES INC
LPS
+$112M
2
TRQ
Turquoise Hill Resources Ltd
TRQ
+$112M
3
SPRD
SPREADTRUM COMMUNICATIONS INC ADS (CAYMAN ISLANDS)
SPRD
+$90M
4
CTB
Cooper Tire & Rubber Co.
CTB
+$74.9M
5
HMA
HEALTH MGMT ASSOC INC CL-A
HMA
+$63.3M

Top Sells

Rank Stock Value
1
PFE icon
Pfizer
PFE
+$783M
2
FON
SPRINT CORP FON COM
FON
+$606M
3
ZTS icon
Zoetis
ZTS
+$257M
4
GDI
GARDNER DENVER,INC
GDI
+$144M
5
BMC
BMC SOFTWARE, INC
BMC
+$121M

Sector Composition

Rank Sector Weight
1 Healthcare 12.23%
2 Industrials 7.29%
3 Materials 6.06%
4 Consumer Discretionary 2.93%
5 Financials 2.22%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SFD
126
DELISTED
SMITHFIELD FOODS,INC
SFD
– –
-1,000,000
Closed -$32.8M
BMC
127
DELISTED
BMC SOFTWARE, INC
BMC
– –
-2,686,469
Closed -$121M
PBTH
128
DELISTED
PROLOR Biotech, Inc. Common Stock
PBTH
– –
-225,000
Closed -$1.42M
ASCA
129
DELISTED
AMERISTAR CASINOS INC
ASCA
– –
-542,982
Closed -$14.3M
GDI
130
DELISTED
GARDNER DENVER,INC
GDI
– –
-1,911,731
Closed -$144M
PWER
131
DELISTED
POWER-ONE INC COM STK NEW (DE)
PWER
– –
-480,000
Closed -$3.03M
OMTH
132
DELISTED
OMTHERA PHARMACEUTICALS INC COM STK (DE)
OMTH
– –
-449,535
Closed -$5.98M
ET
133
DELISTED
EXACTTARGET INC COM STK (DE)
ET
– –
-680,800
Closed -$23M
NFP
134
DELISTED
NATIONAL FINANCIAL PARTNERS CORP
NFP
– –
-248,375
Closed -$6.29M
KMI.WS
135
DELISTED
Kinder Morgan Inc
KMI.WS
– –
-322,340
Closed -$1.65M
LNCO
136
DELISTED
LINNCO LLC COM SHS REPSTG LTD LIABILITY
LNCO
– –
-40,000
Closed -$1.49M
LNCO
137
PUT
DELISTED
LINNCO LLC COM SHS REPSTG LTD LIABILITY
LNCO
– –
-50,000
Closed -$1.86M
TWC
138
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
– –
-2,000
Closed -$225K
TWC
139
PUT
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
– –
-20,000
Closed -$2.25M
FON
140
DELISTED
SPRINT CORP FON COM
FON
– –
-86,365,423
Closed -$606M
CLWR
141
DELISTED
CLEARWIRE CORP NEW CL A COM STK (DE)
CLWR
– –
-14,372
Closed -$72K
2 3 4 5
6

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Pentwater Capital Management's Q3 2013 Portfolio in Review

As of Q3 2013, Pentwater Capital Management held 148 positions worth $3.61B, down 23% from $4.71B the previous quarter. Its ten largest holdings account for 58% of the portfolio.

Pentwater Capital Management withdrew a net $1.24B in Q3 2013, closing 30 positions and reducing 29 holdings. Its most notable exit was Pfizer, an estimated $783M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 12% of assets, down from 28% a quarter earlier, followed by Industrials and Materials.

Against the trend, Pentwater Capital Management opened a new position in Cooper Tire & Rubber Co. worth $70.8M.

  • Pentwater Capital Management's largest Q3 2013 buy was Cooper Tire & Rubber Co.: 2,300,000 shares worth $70.8M.
  • Pentwater Capital Management added most to LENDER PROCESSING SERVICES INC in Q3 2013, an estimated $112M increase.
  • Pentwater Capital Management's biggest Q3 2013 reduction was Zoetis, cutting an estimated $257M.
  • Pentwater Capital Management fully exited Pfizer in Q3 2013, selling an estimated $783M.
  • Pentwater Capital Management's ten largest holdings make up 58% of its $3.61B portfolio in Q3 2013.
  • Pentwater Capital Management opened 48 new positions and closed 30 in Q3 2013.
  • Pentwater Capital Management's portfolio value fell 23% quarter-over-quarter to $3.61B.

Based on Pentwater Capital Management's 13F filing for Q3 2013, filed 14 Nov 2013.