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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
+23.69%
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
$5.7B
AUM Growth
-$3.24B
Cap. Flow
-$3.84B
Cap. Flow %
-67.41%
Top 10 Hldgs %
65.27%
Holding
186
New
39
Increased
32
Reduced
32
Closed
63

Top Buys

Rank Stock Value
1
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
+$294M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$157M
3
STOR
STORE Capital Corporation
STOR
+$75.8M
4
DEN
Denbury Inc.
DEN
+$54.1M
5
KNBE
KnowBe4, Inc. Class A Common Stock
KNBE
+$46.7M

Top Sells

Rank Stock Value
1
TWTR
Twitter, Inc.
TWTR
+$1.03B
2
TRQ
Turquoise Hill Resources Ltd
TRQ
+$855M
3
AVLR
Avalara, Inc.
AVLR
+$434M
4
CTXS
Citrix Systems Inc
CTXS
+$421M
5
ZEN
ZENDESK INC
ZEN
+$319M

Sector Composition

Rank Sector Weight
1 Technology 18.18%
2 Healthcare 9.86%
3 Industrials 6.84%
4 Communication Services 6.45%
5 Real Estate 3.88%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CLVT icon
126
PUT
Clarivate
CLVT
$1.16B
– –
-50,000
Closed -$470K
CZR icon
127
Caesars Entertainment
CZR
$6.14B
– –
-60,000
Closed -$1.94M
DIN icon
128
Dine Brands
DIN
$452M
– –
-220,000
Closed -$14M
DOLE icon
129
Dole
DOLE
$1.32B
– –
-350,000
Closed -$2.56M
DXC icon
130
DXC Technology
DXC
$1.73B
– –
-40,000
Closed -$979K
EWG icon
131
PUT
iShares MSCI Germany ETF
EWG
$1.68B
– –
-150,000
Closed -$2.96M
EWU icon
132
PUT
iShares MSCI United Kingdom ETF
EWU
$4.16B
– –
-500,000
Closed -$13.1M
FOUR icon
133
Shift4
FOUR
$3.26B
– –
-20,000
Closed -$892K
GDYN icon
134
Grid Dynamics Holdings
GDYN
$615M
– –
-10,000
Closed -$187K
GFI icon
135
Gold Fields
GFI
$36.5B
– –
-95,000
Closed -$769K
IHS icon
136
PUT
IHS Holding
IHS
$2.81B
– –
-22,700
Closed -$127K
INFA
137
DELISTED
Informatica
INFA
– –
-70,000
Closed -$1.41M
INFA
138
PUT
DELISTED
Informatica
INFA
– –
-80,000
Closed -$1.61M
LXU icon
139
CALL
LSB Industries
LXU
$693M
– –
-25,000
Closed -$356K
LXU icon
140
LSB Industries
LXU
$693M
– –
-20,000
Closed -$285K
MGM icon
141
MGM Resorts International
MGM
$11.2B
– –
-154,000
Closed -$4.58M
MIR icon
142
PUT
Mirion Technologies
MIR
$3.91B
– –
-100,000
Closed -$747K
NCLH icon
143
CALL
Norwegian Cruise Line
NCLH
$8.84B
– –
-2,304,500
Closed -$26.2M
NCLH icon
144
Norwegian Cruise Line
NCLH
$8.84B
– –
-354,000
Closed -$4.02M
NCLH icon
145
PUT
Norwegian Cruise Line
NCLH
$8.84B
– –
-408,400
Closed -$4.64M
NEOG icon
146
Neogen
NEOG
$2.5B
– –
-87,310
Closed -$1.22M
PLTK icon
147
PUT
Playtika
PLTK
$1.12B
– –
-250,000
Closed -$2.35M
RCL icon
148
PUT
Royal Caribbean
RCL
$85.6B
– –
-100,000
Closed -$3.79M
SYTAW
149
DELISTED
Siyata Mobile Warrant
SYTAW
– –
-400,000
Closed -$68K
U icon
150
CALL
Unity
U
$18.9B
– –
-320,600
Closed -$10.2M
4 5
6
7 8

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A
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LF
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Select Equity Group
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MIM
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SPIA
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BPA
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NAM
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Pentwater Capital Management's Q4 2022 Portfolio in Review

As of Q4 2022, Pentwater Capital Management held 186 positions worth $5.7B, down 36% from $8.94B the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Pentwater Capital Management withdrew a net $3.84B in Q4 2022, closing 63 positions and reducing 32 holdings. Its most notable exit was Twitter, Inc., an estimated $1.03B position sold in full.

By sector, the portfolio is most concentrated in Technology at 18% of assets, down from 25% a quarter earlier, followed by Healthcare and Industrials.

Against the trend, Pentwater Capital Management opened a new position in Horizon Therapeutics Public Limited Company Ordinary Shares worth $403M.

  • Pentwater Capital Management's largest Q4 2022 buy was Horizon Therapeutics Public Limited Company Ordinary Shares: 3,539,656 shares worth $403M.
  • Pentwater Capital Management added most to State Street SPDR S&P 500 ETF Trust in Q4 2022, an estimated $157M increase.
  • Pentwater Capital Management's biggest Q4 2022 reduction was TEGNA Inc, cutting an estimated $118M.
  • Pentwater Capital Management fully exited Twitter, Inc. in Q4 2022, selling an estimated $1.03B.
  • Pentwater Capital Management's ten largest holdings make up 65% of its $5.7B portfolio in Q4 2022.
  • Pentwater Capital Management opened 39 new positions and closed 63 in Q4 2022.
  • Pentwater Capital Management's portfolio value fell 36% quarter-over-quarter to $5.7B.

Based on Pentwater Capital Management's 13F filing for Q4 2022, filed 14 Feb 2023.