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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
U icon
151
PUT
Unity
U
$18.9B
– –
-305,000
Closed -$9.72M
VYX icon
152
PUT
NCR Voyix
VYX
$1.14B
– –
-2,697,650
Closed -$31.5M
XOP icon
153
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.43B
– –
-50,000
Closed -$6.24M
GTM
154
ZoomInfo Technologies
GTM
$1.22B
– –
-45,000
Closed -$1.88M
SAVE
155
DELISTED
Spirit Airlines, Inc.
SAVE
– –
-30,000
Closed -$565K
SAVE
156
PUT
DELISTED
Spirit Airlines, Inc.
SAVE
– –
-100,000
Closed -$1.88M
SIX
157
CALL
DELISTED
Six Flags Entertainment Corp.
SIX
– –
-250,000
Closed -$4.42M
WPCB.U
158
DELISTED
Warburg Pincus Capital Corporation I-B Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant
WPCB.U
– –
-500,000
Closed -$4.96M
WPCA.U
159
DELISTED
Warburg Pincus Capital Corporation I-A Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant
WPCA.U
– –
-500,000
Closed -$4.96M
RFP
160
DELISTED
Resolute Forest Products Inc.
RFP
– –
-1,135,843
Closed -$22.7M
BTRS
161
DELISTED
BTRS Holdings Inc. Class 1 Common Stock
BTRS
– –
-5,359,000
Closed -$49.6M
SWCH
162
DELISTED
Switch, Inc. Class A Common Stock
SWCH
– –
-7,200,000
Closed -$243M
CLR
163
DELISTED
CONTINENTAL RESOURCES INC.
CLR
– –
-1,662,500
Closed -$111M
ZEN
164
DELISTED
ZENDESK INC
ZEN
– –
-4,186,000
Closed -$319M
ZEN
165
PUT
DELISTED
ZENDESK INC
ZEN
– –
-150,000
Closed -$11.4M
TEN
166
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
– –
-6,765,000
Closed -$118M
IS
167
DELISTED
ironSource Ltd.
IS
– –
-6,725,000
Closed -$23.1M
TWTR
168
CALL
DELISTED
Twitter, Inc.
TWTR
– –
-365,000
Closed -$16M
TWTR
169
DELISTED
Twitter, Inc.
TWTR
– –
-23,399,700
Closed -$1.03B
TWTR
170
PUT
DELISTED
Twitter, Inc.
TWTR
– –
-15,451,300
Closed -$677M
CCXI
171
DELISTED
ChemoCentryx, Inc.
CCXI
– –
-1,800,000
Closed -$93M
AVLR
172
DELISTED
Avalara, Inc.
AVLR
– –
-4,726,000
Closed -$434M
Y
173
DELISTED
Alleghany Corp
Y
– –
-16,000
Closed -$13.4M
PING
174
DELISTED
Ping Identity Holding Corp.
PING
– –
-2,800,000
Closed -$78.6M
CVET
175
DELISTED
Covetrus, Inc. Common Stock
CVET
– –
-3,115,000
Closed -$65M
4 5 6
7
8

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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.