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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
-1.47%
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
$11.4B
AUM Growth
-$7.46B
Cap. Flow
-$6.58B
Cap. Flow %
-57.74%
Top 10 Hldgs %
57.68%
Holding
203
New
39
Increased
27
Reduced
53
Closed
69

Top Buys

Rank Stock Value
1
PCP
PRECISION CASTPARTS CORP
PCP
+$714M
2
CVC
CABLEVISION SYS CP NY GRP CL-A
CVC
+$144M
3
ALTR
Altera Corp
ALTR
+$132M
4
BEE
STRATEGIC HOTELS & RESORTS, INC
BEE
+$113M
5
CAM
CAMERON INTERNATIONAL CORPORATION
CAM
+$110M

Top Sells

Rank Stock Value
1
DTV
DIRECTV COM STK (DE)
DTV
+$1.13B
2
HSP
HOSPIRA INC
HSP
+$639M
3
PLL
PALL CORP
PLL
+$616M
4
CTRX
CATAMARAN CORP COM STK (CDA)
CTRX
+$611M
5
FDO
FAMILY DOLLAR STORES
FDO
+$459M

Sector Composition

Rank Sector Weight
1 Communication Services 10.88%
2 Industrials 8.45%
3 Healthcare 7.68%
4 Energy 6.07%
5 Materials 3.71%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PARA
151
PUT
DELISTED
Paramount Global Class B
PARA
– –
-239,400
Closed -$13.3M
RCKT icon
152
Rocket Pharmaceuticals
RCKT
$387M
– –
-196,800
Closed -$3.86M
SNCR
153
DELISTED
Synchronoss Technologies
SNCR
– –
-4,439
Closed -$1.83M
SYK icon
154
CALL
Stryker
SYK
$129B
– –
-140,000
Closed -$13.4M
SYK icon
155
PUT
Stryker
SYK
$129B
– –
-60,000
Closed -$5.73M
T icon
156
PUT
AT&T
T
$162B
– –
-1,059,200
Closed -$28.4M
VZ icon
157
Verizon
VZ
$195B
– –
-400,000
Closed -$18.5M
YELP icon
158
CALL
Yelp
YELP
$1.38B
– –
-100,000
Closed -$4.3M
YELP icon
159
Yelp
YELP
$1.38B
– –
-918,400
Closed -$39.5M
YELP icon
160
PUT
Yelp
YELP
$1.38B
– –
-400,000
Closed -$17.2M
ZTS icon
161
Zoetis
ZTS
$32.4B
– –
-6,292
Closed -$292K
ZTS icon
162
PUT
Zoetis
ZTS
$32.4B
– –
-495,800
Closed -$23.9M
ZVRA icon
163
Zevra Therapeutics
ZVRA
$702M
– –
-30,409
Closed -$8.94M
ALPN
164
DELISTED
Alpine Immune Sciences Inc
ALPN
– –
-25,000
Closed -$1.51M
SIOX
165
DELISTED
Sio Gene Therapies Inc. Common Stock
SIOX
– –
-1,875
Closed -$306K
CLVS
166
CALL
DELISTED
Clovis Oncology, Inc.
CLVS
– –
-11,700
Closed -$1.03M
S
167
CALL
DELISTED
Sprint Corporation
S
– –
-491,200
Closed -$2.24M
FOMX
168
DELISTED
Foamix Pharmaceuticals Ltd. Ordinary Shares
FOMX
– –
-199,132
Closed -$2.04M
TOWR
169
DELISTED
Tower International, Inc.
TOWR
– –
-128,000
Closed -$3.33M
AET
170
DELISTED
Aetna Inc
AET
– –
-1,680,000
Closed -$194M
IVTY
171
DELISTED
Invuity, Inc
IVTY
– –
-47,195
Closed -$666K
AGN.PRA
172
DELISTED
Allergan plc
AGN.PRA
– –
-10,000
Closed -$10.5M
PRE
173
PUT
DELISTED
PARTNERRE LTD
PRE
– –
-150,000
Closed -$19.3M
FRM
174
DELISTED
FURMANITE CORPORATION COM
FRM
– –
-280,000
Closed -$2.27M
SFXE
175
DELISTED
SFX ENTERTAINMENT, INC COM
SFXE
– –
-12,500
Closed -$56K
4 5 6
7
8

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LF
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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 Q3 2015 Portfolio in Review

As of Q3 2015, Pentwater Capital Management held 203 positions worth $11.4B, down 40% from $18.8B the previous quarter. Its ten largest holdings account for 58% of the portfolio.

Pentwater Capital Management withdrew a net $6.58B in Q3 2015, closing 69 positions and reducing 53 holdings. Its most notable exit was DIRECTV COM STK (DE), an estimated $1.13B position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 11% of assets, up from 6.7% a quarter earlier, followed by Industrials and Healthcare.

Against the trend, Pentwater Capital Management opened a new position in PRECISION CASTPARTS CORP worth $764M.

  • Pentwater Capital Management's largest Q3 2015 buy was PRECISION CASTPARTS CORP: 3,325,000 shares worth $764M.
  • Pentwater Capital Management added most to Altera Corp in Q3 2015, an estimated $132M increase.
  • Pentwater Capital Management's biggest Q3 2015 reduction was Charter Communications, cutting an estimated $176M.
  • Pentwater Capital Management fully exited DIRECTV COM STK (DE) in Q3 2015, selling an estimated $1.13B.
  • Pentwater Capital Management's ten largest holdings make up 58% of its $11.4B portfolio in Q3 2015.
  • Pentwater Capital Management opened 39 new positions and closed 69 in Q3 2015.
  • Pentwater Capital Management's portfolio value fell 40% quarter-over-quarter to $11.4B.

Based on Pentwater Capital Management's 13F filing for Q3 2015, filed 16 Nov 2015.