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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
+22.84%
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
$13.4B
AUM Growth
-$687M
Cap. Flow
-$1.53B
Cap. Flow %
-11.43%
Top 10 Hldgs %
54.68%
Holding
208
New
60
Increased
39
Reduced
32
Closed
54

Top Buys

Rank Stock Value
1
HSP
HOSPIRA INC
HSP
+$486M
2
PCYC
PHARMACYCLICS INC
PCYC
+$431M
3
SLXP
SALIX PHARMACEUTICALS LTD DEL
SLXP
+$333M
4
FDO
FAMILY DOLLAR STORES
FDO
+$260M
5
CTRX
CATAMARAN CORP COM STK (CDA)
CTRX
+$183M

Top Sells

Rank Stock Value
1
AGN
Allergan Inc
AGN
+$1.19B
2
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
+$802M
3
CFN
CAREFUSION CORPORATION
CFN
+$430M
4
CBST
CUBIST PHARMACEUTICALS INC
CBST
+$261M
5
CVD
COVANCE INC.
CVD
+$146M

Sector Composition

Rank Sector Weight
1 Technology 8.81%
2 Consumer Discretionary 6.52%
3 Healthcare 5.43%
4 Energy 4.55%
5 Consumer Staples 3.71%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DKS icon
126
PUT
Dick's Sporting Goods
DKS
$18.7B
$2.85M 0.02%
+50,000
New +$2.74M
BAC icon
127
Bank of America
BAC
$442B
$2.54M 0.02%
165,000
– –
CCS icon
128
Century Communities
CCS
$2.03B
$2.43M 0.02%
125,561
– –
AAL icon
129
American Airlines Group
AAL
$10.6B
$2.32M 0.02%
44,008
+34,088
+344% +$1.73M
GS icon
130
Goldman Sachs
GS
$303B
$2.26M 0.02%
12,000
– –
RYZ
131
Ryerson Holding Corp
RYZ
$1.46B
$2.23M 0.02%
350,000
– –
LTM
132
DELISTED
LIFE TIME FITNESS INC
LTM
$1.77M 0.01%
+25,000
New +$1.5M
HRI icon
133
PUT
Herc Holdings
HRI
$5.61B
$1.73M 0.01%
+26,667
New +$1.78M
INXN
134
DELISTED
Interxion Holding N.V.
INXN
$1.18M 0.01%
+41,871
New +$1.23M
PPO
135
DELISTED
POLYPORE INTERNATIONAL, INC
PPO
$1.18M 0.01%
+20,000
New +$1.03M
ANF icon
136
Abercrombie & Fitch
ANF
$5B
$1.1M 0.01%
50,000
-520,000
-91% -$12.8M
ANF icon
137
PUT
Abercrombie & Fitch
ANF
$5B
$1.1M 0.01%
50,000
-566,700
-92% -$14M
RVBD
138
DELISTED
RIVERBED TECHNOLOGY, INC COM
RVBD
$1.05M 0.01%
+50,000
New +$1.04M
GRA
139
DELISTED
W.R. Grace & Co.
GRA
$989K 0.01%
10,000
– –
SFXE
140
DELISTED
SFX ENTERTAINMENT, INC COM
SFXE
$818K 0.01%
+200,000
New +$800K
PTCT icon
141
PTC Therapeutics
PTCT
$6.12B
$609K ﹤0.01%
+10,000
New +$610K
CACQ
142
DELISTED
Caesars Acquisition Company
CACQ
$476K ﹤0.01%
70,000
-40,900
-37% -$317K
OUT icon
143
Outfront Media
OUT
$5.49B
$425K ﹤0.01%
14,437
+1,565
+12% +$44.5K
NMIH icon
144
NMI Holdings
NMIH
$3.36B
$375K ﹤0.01%
50,000
– –
KRFT
145
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
$261K ﹤0.01%
+3,000
New +$198K
WLT
146
PUT
DELISTED
WALTER ENERGY INC COM STK (DE)
WLT
$217K ﹤0.01%
350,000
-740,000
-68% -$689K
WLT
147
DELISTED
WALTER ENERGY INC COM STK (DE)
WLT
$160K ﹤0.01%
257,882
-740,000
-74% -$689K
AZN icon
148
CALL
AstraZeneca
AZN
$250B
– –
-910,000
Closed -$64M
BLBD icon
149
Blue Bird Corp
BLBD
$2.18B
– –
-695,142
Closed -$6.85M
BYD icon
150
Boyd Gaming
BYD
$6.06B
– –
-30,000
Closed -$383K
4 5
6
7 8

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Pentwater Capital Management's Q1 2015 Portfolio in Review

As of Q1 2015, Pentwater Capital Management held 208 positions worth $13.4B, down 4.9% from $14.1B the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Pentwater Capital Management withdrew a net $1.53B in Q1 2015, closing 54 positions and reducing 32 holdings. Its most notable exit was Allergan Inc, an estimated $1.19B position sold in full.

By sector, the portfolio is most concentrated in Technology at 8.8% of assets, up from 7.1% a quarter earlier, followed by Consumer Discretionary and Healthcare.

Against the trend, Pentwater Capital Management opened a new position in HOSPIRA INC worth $545M.

  • Pentwater Capital Management's largest Q1 2015 buy was HOSPIRA INC: 6,200,000 shares worth $545M.
  • Pentwater Capital Management added most to SALIX PHARMACEUTICALS LTD DEL in Q1 2015, an estimated $333M increase.
  • Pentwater Capital Management's biggest Q1 2015 reduction was TRW AUTOMOTIVE HOLDINGS CORP, cutting an estimated $145M.
  • Pentwater Capital Management fully exited Allergan Inc in Q1 2015, selling an estimated $1.19B.
  • Pentwater Capital Management's ten largest holdings make up 55% of its $13.4B portfolio in Q1 2015.
  • Pentwater Capital Management opened 60 new positions and closed 54 in Q1 2015.
  • Pentwater Capital Management's portfolio value fell 4.9% quarter-over-quarter to $13.4B.

Based on Pentwater Capital Management's 13F filing for Q1 2015, filed 15 May 2015.