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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
+19.6%
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
$7.93B
AUM Growth
-$3.77B
(-32%)
Cap. Flow
-$4.52B
Cap. Flow
% of AUM
-56.99%
Top 10 Holdings %
Top 10 Hldgs %
66.7%
Holding
190
New
53
Increased
24
Reduced
41
Closed
54
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CELG
Celgene Corp
CELG
|
+$856M |
| 2 |
WCG
Wellcare Health Plans, Inc.
WCG
|
+$278M |
| 3 |
Walt Disney
DIS
|
+$197M |
| 4 |
MLNX
Mellanox Technologies, Ltd.
MLNX
|
+$157M |
| 5 |
PG&E
PCG
|
+$92.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.47B |
| 2 |
NXP Semiconductors
NXPI
|
+$712M |
| 3 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$512M |
| 4 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$359M |
| 5 |
ATHN
Athenahealth, Inc.
ATHN
|
+$201M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 14.11% |
| 2 | Communication Services | 7.4% |
| 3 | Technology | 5.96% |
| 4 | Materials | 5.43% |
| 5 | Utilities | 1.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
126
Xeris Biopharma Holdings
XERS
$1.37B
| $402K | 0.01% |
+40,000
| New | +$513K |
|
127
CALL
GE Aerospace
GE
$384B
| $400K | 0.01% |
8,025
-12,841
| -62% | -$605K |
|
128
Danaher
DHR
$144B
| $330K | ﹤0.01% |
+2,820
| New | +$289K |
|
129
Arvinas
ARVN
$572M
| $329K | ﹤0.01% |
22,300
-47,400
| -68% | -$841K |
|
130
Box
BOX
$4.6B
| $290K | ﹤0.01% |
+15,000
| New | +$311K |
|
131
Endava
DAVA
$156M
| $248K | ﹤0.01% |
9,000
-8,000
| -47% | -$202K |
|
132
Moderna
MRNA
$23.6B
| $204K | ﹤0.01% |
10,000
-10,000
| -50% | -$186K |
|
133
Elastic
ESTC
$7.81B
| $200K | ﹤0.01% |
2,500
-2,500
| -50% | -$209K |
|
134
Adicet Bio
ACET
$74.7M
| $177K | ﹤0.01% |
+232
| New | +$211K |
|
|
AGFSW
135
DELISTED
AgroFresh Solutions Inc Warrants
AGFSW
| $22K | ﹤0.01% |
242,331
| – | – |
|
136
Amazon
AMZN
$2.96T
| – | – |
-46,000
| Closed | -$3.46M |
|
137
Alibaba
BABA
$308B
| – | – |
-55,000
| Closed | -$7.54M |
|
|
138
PUT
Alibaba
BABA
$308B
| – | – |
-15,000
| Closed | -$2.06M |
|
139
PUT
Bunge Global
BG
$20.8B
| – | – |
-30,000
| Closed | -$1.6M |
|
140
CALL
Cigna
CI
$74.6B
| – | – |
-100,000
| Closed | -$19M |
|
141
CALL
CVS Health
CVS
$122B
| – | – |
-500
| Closed | -$33K |
|
|
142
PUT
CVS Health
CVS
$122B
| – | – |
-304,500
| Closed | -$20M |
|
143
PUT
Dominion Energy
D
$59.3B
| – | – |
-300,000
| Closed | -$21.4M |
|
144
Dell
DELL
$293B
| – | – |
-3,387,834
| Closed | -$83.9M |
|
|
145
PUT
Dell
DELL
$293B
| – | – |
-1,874,350
| Closed | -$46.4M |
|
|
EB
146
DELISTED
Eventbrite
EB
| – | – |
-42,500
| Closed | -$1.18M |
|
147
CALL
EQT Corp
EQT
$32.3B
| – | – |
-350,000
| Closed | -$6.61M |
|
|
ESPR
148
CALL
DELISTED
Esperion Therapeutics
ESPR
| – | – |
-183,400
| Closed | -$8.44M |
|
|
ESPR
149
PUT
DELISTED
Esperion Therapeutics
ESPR
| – | – |
-620,400
| Closed | -$28.5M |
|
150
CALL
Energy Transfer Partners
ET
$69.3B
| – | – |
-465,400
| Closed | -$6.15M |
|
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Pentwater Capital Management's Q1 2019 Portfolio in Review
As of Q1 2019, Pentwater Capital Management held 190 positions worth $7.93B, down 32% from $11.7B the previous quarter. Its ten largest holdings account for 67% of the portfolio.
Pentwater Capital Management withdrew a net $4.52B in Q1 2019, closing 54 positions and reducing 41 holdings. Its most notable exit was Twenty-First Century Fox, Inc. Class A, an estimated $512M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 14% of assets, up from 2.6% a quarter earlier, followed by Communication Services and Technology.
Against the trend, Pentwater Capital Management opened a new position in Celgene Corp worth $923M.
- Pentwater Capital Management's largest Q1 2019 buy was Celgene Corp: 9,785,000 shares worth $923M.
- Pentwater Capital Management added most to Mellanox Technologies, Ltd. in Q1 2019, an estimated $157M increase.
- Pentwater Capital Management's biggest Q1 2019 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $1.47B.
- Pentwater Capital Management fully exited Twenty-First Century Fox, Inc. Class A in Q1 2019, selling an estimated $512M.
- Pentwater Capital Management's ten largest holdings make up 67% of its $7.93B portfolio in Q1 2019.
- Pentwater Capital Management opened 53 new positions and closed 54 in Q1 2019.
- Pentwater Capital Management's portfolio value fell 32% quarter-over-quarter to $7.93B.
Based on Pentwater Capital Management's 13F filing for Q1 2019, filed 15 May 2019.