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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
+2.46%
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
Cap. Flow
-$1.8B
Cap. Flow %
-15.26%
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
FTV icon
Fortive
FTV
+$121M
5
IDTI
Integrated Device Technology I
IDTI
+$118M

Top Sells

Rank Stock Value
1
AABA
Altaba Inc
AABA
+$969M
2
DELL icon
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
DAVA icon
126
Endava
DAVA
$156M
$485K ﹤0.01%
+17,000
New +$456K
ARCE
127
DELISTED
Arco Platform Limited Class A Common Shares
ARCE
$456K ﹤0.01%
+20,000
New +$467K
CBLK
128
DELISTED
Carbon Black, Inc. Common Stock
CBLK
$424K ﹤0.01%
20,000
– –
AUTL
129
Autolus Therapeutics
AUTL
$562M
$409K ﹤0.01%
13,350
-1,650
-11% -$44.5K
GFF icon
130
Griffon
GFF
$4.86B
$404K ﹤0.01%
25,000
– –
AKRX
131
DELISTED
Akorn Inc
AKRX
$325K ﹤0.01%
25,000
-665,000
-96% -$10.9M
STXB
132
DELISTED
Spirit of Texas Bancshares, Inc. Common Stock
STXB
$324K ﹤0.01%
15,000
– –
OPBK icon
133
OP Bancorp
OPBK
$233M
$290K ﹤0.01%
25,000
– –
FDC
134
DELISTED
First Data Corporation
FDC
$245K ﹤0.01%
+10,000
New +$241K
GRTS
135
DELISTED
Gritstone bio, Inc. Common Stock
GRTS
$244K ﹤0.01%
+17,100
New +$244K
INSP icon
136
Inspire Medical Systems
INSP
$1.74B
$210K ﹤0.01%
5,000
-2,680
-35% -$126K
LTRX icon
137
Lantronix
LTRX
$266M
$204K ﹤0.01%
+50,000
New +$193K
PCB icon
138
PCB Bancorp
PCB
$392M
$193K ﹤0.01%
+10,000
New +$200K
CNR
139
DELISTED
Cornerstone Building Brands, Inc.
CNR
$152K ﹤0.01%
+10,000
New +$167K
ARLO icon
140
Arlo Technologies
ARLO
$1.65B
$145K ﹤0.01%
+10,000
New +$187K
TRCO
141
PUT
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
$119K ﹤0.01%
3,100
-2,000,000
-100% -$72M
GOV
142
DELISTED
Government Properties Income Trust
GOV
$113K ﹤0.01%
+10,000
New +$155K
AET
143
CALL
DELISTED
Aetna Inc
AET
$101K ﹤0.01%
500
– –
S
144
DELISTED
Sprint Corporation
S
$65K ﹤0.01%
+10,000
New +$59.4K
AGFSW
145
DELISTED
AgroFresh Solutions Inc Warrants
AGFSW
$49K ﹤0.01%
242,731
-362,269
-60% -$91.6K
ASUR icon
146
Asure Software
ASUR
$250M
– –
-10,000
Closed -$160K
AVGO icon
147
CALL
Broadcom
AVGO
$2.04T
– –
-200,000
Closed -$4.85M
BL icon
148
BlackLine
BL
$1.72B
– –
-25,000
Closed -$1.09M
CMCSA icon
149
CALL
Comcast
CMCSA
$90B
– –
-1,075,000
Closed -$35.3M
CYH icon
150
Community Health Systems
CYH
$423M
– –
-130,000
Closed -$432K
3 4 5
6
7

Similar funds

CS
Candriam SCA Strassen, Luxembourg, Luxembourg $19.3B AUM 39.18% 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
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 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.