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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
+21.84%
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
$6.11B
AUM Growth
-$283M
(-4.4%)
Cap. Flow
-$874M
Cap. Flow
% of AUM
-14.3%
Top 10 Holdings %
Top 10 Hldgs %
62.65%
Holding
207
New
52
Increased
29
Reduced
48
Closed
56
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
AMTD
TD Ameritrade Holding Corp
AMTD
|
+$221M |
| 2 |
TIF
Tiffany & Co.
TIF
|
+$170M |
| 3 |
PG&E
PCG
|
+$105M |
| 4 |
BMY.RT
Bristol-Myers Squibb Company Contingent Value Rights
BMY.RT
|
+$92.5M |
| 5 |
Boeing
BA
|
+$91.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CELG
Celgene Corp
CELG
|
+$615M |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$363M |
| 3 |
ONCE
Spark Therapeutics, Inc. Common Stock
ONCE
|
+$204M |
| 4 |
WCG
Wellcare Health Plans, Inc.
WCG
|
+$122M |
| 5 |
ADSW
Advanced Disposal Services Inc
ADSW
|
+$77.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 8.69% |
| 2 | Financials | 4.76% |
| 3 | Healthcare | 4.33% |
| 4 | Utilities | 3.73% |
| 5 | Industrials | 3.26% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
151
CALL
AbbVie
ABBV
$431B
| – | – |
-420,000
| Closed | -$31.8M |
|
152
CALL
Axalta
AXTA
$8.03B
| – | – |
-50,000
| Closed | -$1.51M |
|
|
153
Axalta
AXTA
$8.03B
| – | – |
-140,000
| Closed | -$4.13M |
|
154
Alibaba
BABA
$304B
| – | – |
-38,000
| Closed | -$6.36M |
|
|
155
PUT
Alibaba
BABA
$304B
| – | – |
-10,000
| Closed | -$1.67M |
|
156
Baker Hughes
BKR
$62.3B
| – | – |
-30,000
| Closed | -$696K |
|
|
BRY
157
DELISTED
Berry Corp
BRY
| – | – |
-70,000
| Closed | -$655K |
|
158
Cigna
CI
$72.7B
| – | – |
-1,000
| Closed | -$183K |
|
159
Fate Therapeutics
FATE
$290M
| – | – |
-20,000
| Closed | -$311K |
|
160
First Hawaiian
FHB
$3.35B
| – | – |
-50,000
| Closed | -$1.33M |
|
161
CALL
GE Aerospace
GE
$389B
| – | – |
-4,013
| Closed | -$179K |
|
162
CALL
Howard Hughes
HHH
$4.06B
| – | – |
-141,615
| Closed | -$17.5M |
|
163
i3 Verticals
IIIV
$429M
| – | – |
-13,000
| Closed | -$262K |
|
164
InMode
INMD
$869M
| – | – |
-60,000
| Closed | -$645K |
|
165
CALL
Altria Group
MO
$113B
| – | – |
-25,000
| Closed | -$1.02M |
|
|
166
Altria Group
MO
$113B
| – | – |
-80,000
| Closed | -$3.27M |
|
|
167
PUT
Altria Group
MO
$113B
| – | – |
-80,000
| Closed | -$3.27M |
|
|
ADAM
168
Adamas Trust
ADAM
$856M
| – | – |
-12,500
| Closed | -$305K |
|
169
PUT
iShares S&P 100 ETF
OEF
$20.5B
| – | – |
-25,000
| Closed | -$5.29M |
|
170
Onto Innovation
ONTO
$13.4B
| – | – |
-21,078
| Closed | -$688K |
|
171
Philip Morris
PM
$293B
| – | – |
-550,000
| Closed | -$41.8M |
|
172
Invesco QQQ Trust
QQQ
$479B
| – | – |
-25,000
| Closed | -$4.72M |
|
|
173
PUT
Invesco QQQ Trust
QQQ
$479B
| – | – |
-122,200
| Closed | -$23.1M |
|
174
Construction Partners
ROAD
$5.66B
| – | – |
-12,500
| Closed | -$195K |
|
175
CALL
RTX Corp
RTX
$301B
| – | – |
-23,835
| Closed | -$2.05M |
|
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Pentwater Capital Management's Q4 2019 Portfolio in Review
As of Q4 2019, Pentwater Capital Management held 207 positions worth $6.11B, down 4.4% from $6.4B the previous quarter. Its ten largest holdings account for 63% of the portfolio.
Pentwater Capital Management withdrew a net $874M in Q4 2019, closing 56 positions and reducing 48 holdings. Its most notable exit was Celgene Corp, an estimated $615M position sold in full.
By sector, the portfolio is most concentrated in Technology at 8.7% of assets, up from 7.2% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Pentwater Capital Management opened a new position in TD Ameritrade Holding Corp worth $253M.
- Pentwater Capital Management's largest Q4 2019 buy was TD Ameritrade Holding Corp: 5,089,000 shares worth $253M.
- Pentwater Capital Management added most to PG&E in Q4 2019, an estimated $105M increase.
- Pentwater Capital Management's biggest Q4 2019 reduction was Wellcare Health Plans, Inc., cutting an estimated $122M.
- Pentwater Capital Management fully exited Celgene Corp in Q4 2019, selling an estimated $615M.
- Pentwater Capital Management's ten largest holdings make up 63% of its $6.11B portfolio in Q4 2019.
- Pentwater Capital Management opened 52 new positions and closed 56 in Q4 2019.
- Pentwater Capital Management's portfolio value fell 4.4% quarter-over-quarter to $6.11B.
Based on Pentwater Capital Management's 13F filing for Q4 2019, filed 14 Feb 2020.