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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
+3.48%
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
$3.75B
AUM Growth
+$273M
Cap. Flow
+$163M
Cap. Flow %
4.35%
Top 10 Hldgs %
63.25%
Holding
164
New
47
Increased
29
Reduced
28
Closed
41

Top Buys

Rank Stock Value
1
TRQ
Turquoise Hill Resources Ltd
TRQ
+$166M
2
BEAM
BEAM INC COM STK (DE)
BEAM
+$133M
3
VOD icon
Vodafone
VOD
+$116M
4
CMCSA icon
Comcast
CMCSA
+$80.3M
5
JOSB
JOS A BANK CLOTHIERS INC
JOSB
+$78.9M

Top Sells

Rank Stock Value
1
VPHM
VIROPHARMA INC
VPHM
+$141M
2
LPS
LENDER PROCESSING SERVICES INC
LPS
+$140M
3
HMA
HEALTH MGMT ASSOC INC CL-A
HMA
+$104M
4
AAL icon
American Airlines Group
AAL
+$103M
5
LIFE
LIFE TECHNOLOGIES CORP COM STK (DE)
LIFE
+$75.8M

Sector Composition

Rank Sector Weight
1 Communication Services 14.35%
2 Materials 13.19%
3 Healthcare 5.88%
4 Consumer Staples 5.16%
5 Consumer Discretionary 4.6%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EVAC
151
DELISTED
EDWARDS GROUP LTD ADR (CYM)
EVAC
– –
-817,700
Closed -$8.32M
TRQ.RT
152
DELISTED
TURQUOISE HILL RES LTD RTS EXP 01/07/2014 (DE)
TRQ.RT
– –
-72,306,310
Closed -$69.4M
LPS
153
DELISTED
LENDER PROCESSING SERVICES INC
LPS
– –
-3,757,056
Closed -$140M
EBIX
154
PUT
DELISTED
Ebix Inc
EBIX
– –
-400,000
Closed -$5.88M
WLH
155
DELISTED
WILLIAM LYON HOMES
WLH
– –
-86,712
Closed -$1.92M
3 4 5 6
7

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MGP
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A
AustralianSuper Melbourne, Australia $19.2B AUM 31.95% 1-Year Est. Return
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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Pentwater Capital Management's Q1 2014 Portfolio in Review

As of Q1 2014, Pentwater Capital Management held 164 positions worth $3.75B, up 7.9% from $3.47B the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Pentwater Capital Management deployed $163M of net new capital in Q1 2014, opening 47 new positions and adding to 29 existing holdings. Its largest new stake was Vodafone: 3,000,000 shares worth $110M.

By sector, the portfolio is most concentrated in Communication Services at 14% of assets, up from 9.3% a quarter earlier, followed by Materials and Healthcare.

On the sell side, the largest reduction was American Airlines Group, an estimated $103M trimmed.

  • Pentwater Capital Management's largest Q1 2014 buy was Vodafone: 3,000,000 shares worth $110M.
  • Pentwater Capital Management added most to Turquoise Hill Resources Ltd in Q1 2014, an estimated $166M increase.
  • Pentwater Capital Management's biggest Q1 2014 reduction was American Airlines Group, cutting an estimated $103M.
  • Pentwater Capital Management fully exited VIROPHARMA INC in Q1 2014, selling an estimated $141M.
  • Pentwater Capital Management's ten largest holdings make up 63% of its $3.75B portfolio in Q1 2014.
  • Pentwater Capital Management opened 47 new positions and closed 41 in Q1 2014.
  • Pentwater Capital Management's portfolio value rose 7.9% quarter-over-quarter to $3.75B.

Based on Pentwater Capital Management's 13F filing for Q1 2014, filed 15 May 2014.