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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
DIS icon
151
CALL
Walt Disney
DIS
$181B
– –
-1,890,400
Closed -$198M
ESPR
152
CALL
DELISTED
Esperion Therapeutics
ESPR
– –
-60,000
Closed -$2.35M
GNK icon
153
Genco Shipping & Trading
GNK
$1.1B
– –
-64,664
Closed -$1M
QCOM icon
154
PUT
Qualcomm
QCOM
$168B
– –
-330,000
Closed -$18.5M
SOXX icon
155
iShares Semiconductor ETF
SOXX
$47.7B
– –
-6,000
Closed -$356K
T icon
156
AT&T
T
$162B
– –
-1,347,015
Closed -$33M
T icon
157
PUT
AT&T
T
$162B
– –
-23,197,274
Closed -$563M
CPE
158
DELISTED
Callon Petroleum Company
CPE
– –
-4,000
Closed -$430K
SIEN
159
DELISTED
Sientra, Inc.
SIEN
– –
-2,000
Closed -$390K
USX
160
DELISTED
U.S. Xpress Enterprises, Inc. Class A Common Stock
USX
– –
-45,000
Closed -$681K
APTX
161
DELISTED
Aptinyx Inc. Common Stock
APTX
– –
-10,000
Closed -$242K
TBIO
162
DELISTED
Translate Bio, Inc. Common Stock
TBIO
– –
-30,000
Closed -$380K
PS
163
DELISTED
Pluralsight, Inc. Class A Common Stock
PS
– –
-66,600
Closed -$1.63M
AGN
164
CALL
DELISTED
Allergan plc
AGN
– –
-40,000
Closed -$6.67M
TSG
165
DELISTED
The Stars Group Inc.
TSG
– –
-20,000
Closed -$726K
AABA
166
DELISTED
Altaba Inc
AABA
– –
-13,242,400
Closed -$969M
AABA
167
PUT
DELISTED
Altaba Inc
AABA
– –
-5,735,000
Closed -$420M
UPL
168
DELISTED
Ultra Petroleum Corp. Common Stock
UPL
– –
-689,600
Closed -$1.59M
TFCFA
169
CALL
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
– –
-150,000
Closed -$7.45M
ETP
170
PUT
DELISTED
Energy Transfer Partners, L.P.
ETP
– –
-465,400
Closed -$8.86M
ANDV
171
DELISTED
Andeavor
ANDV
– –
-50,000
Closed -$6.56M
EDR
172
DELISTED
Education Realty Trust Inc
EDR
– –
-25,000
Closed -$1.04M
ILG
173
DELISTED
ILG, Inc Common Stock
ILG
– –
-2,917,884
Closed -$96.4M
DCT
174
DELISTED
DCT Industrial Trust Inc.
DCT
– –
-13,246
Closed -$884K
XL
175
DELISTED
XL Group Ltd.
XL
– –
-2,100,000
Closed -$117M
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.