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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
+22.84%
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
$13.4B
AUM Growth
-$687M
Cap. Flow
-$1.53B
Cap. Flow %
-11.43%
Top 10 Hldgs %
54.68%
Holding
208
New
60
Increased
39
Reduced
32
Closed
54

Top Buys

Rank Stock Value
1
HSP
HOSPIRA INC
HSP
+$486M
2
PCYC
PHARMACYCLICS INC
PCYC
+$431M
3
SLXP
SALIX PHARMACEUTICALS LTD DEL
SLXP
+$333M
4
FDO
FAMILY DOLLAR STORES
FDO
+$260M
5
CTRX
CATAMARAN CORP COM STK (CDA)
CTRX
+$183M

Top Sells

Rank Stock Value
1
AGN
Allergan Inc
AGN
+$1.19B
2
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
+$802M
3
CFN
CAREFUSION CORPORATION
CFN
+$430M
4
CBST
CUBIST PHARMACEUTICALS INC
CBST
+$261M
5
CVD
COVANCE INC.
CVD
+$146M

Sector Composition

Rank Sector Weight
1 Technology 8.81%
2 Consumer Discretionary 6.52%
3 Healthcare 5.43%
4 Energy 4.55%
5 Consumer Staples 3.71%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NPSP
176
CALL
DELISTED
NPS PHARMACEUTICALS INC
NPSP
– –
-620,600
Closed -$22.2M
NPSP
177
DELISTED
NPS PHARMACEUTICALS INC
NPSP
– –
-1,580,000
Closed -$56.5M
NPSP
178
PUT
DELISTED
NPS PHARMACEUTICALS INC
NPSP
– –
-600,000
Closed -$21.5M
CVD
179
DELISTED
COVANCE INC.
CVD
– –
-1,405,350
Closed -$146M
TRLA
180
DELISTED
TRULIA INC (DEL)
TRLA
– –
-500,200
Closed -$23M
VOLC
181
DELISTED
VOLCANO CORPORATION COM STK
VOLC
– –
-500,000
Closed -$8.94M
DRIV
182
DELISTED
DIGITAL RIVER INC.
DRIV
– –
-300,000
Closed -$7.42M
DRIV
183
PUT
DELISTED
DIGITAL RIVER INC.
DRIV
– –
-680,000
Closed -$16.8M
SAPE
184
DELISTED
SAPIENT CORP
SAPE
– –
-632,400
Closed -$15.7M
GTIV
185
DELISTED
GENTIVA HEALTH SERVICES INC
GTIV
– –
-625,556
Closed -$11.9M
AUXL
186
DELISTED
AUXILIUM PHARAMCEUTICALS INC
AUXL
– –
-3,772,900
Closed -$130M
CBST
187
DELISTED
CUBIST PHARMACEUTICALS INC
CBST
– –
-2,590,000
Closed -$261M
CBST
188
PUT
DELISTED
CUBIST PHARMACEUTICALS INC
CBST
– –
-683,500
Closed -$68.8M
AVNR
189
DELISTED
AVANIR PHARMACEUTICALS, INC CL A
AVNR
– –
-1,000,000
Closed -$16.9M
CQB
190
DELISTED
CHIQUITA BRANDS INTL (NEW)
CQB
– –
-2,945,295
Closed -$42.6M
COV
191
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
– –
-7,842,400
Closed -$802M
COV
192
PUT
DELISTED
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
– –
-6,473,500
Closed -$662M
EBIX
193
CALL
DELISTED
Ebix Inc
EBIX
– –
-100,000
Closed -$1.7M
EBIX
194
DELISTED
Ebix Inc
EBIX
– –
-1,400,000
Closed -$23.8M
VVUS
195
PUT
DELISTED
Vivus Inc
VVUS
– –
-30,000
Closed -$864K
CY
196
DELISTED
Cypress Semiconductor
CY
– –
-211,538
Closed -$3.02M
AGN
197
CALL
DELISTED
Allergan Inc
AGN
– –
-100,000
Closed -$21.3M
AGN
198
DELISTED
Allergan Inc
AGN
– –
-5,589,600
Closed -$1.19B
AGN
199
PUT
DELISTED
Allergan Inc
AGN
– –
-3,330,000
Closed -$708M
4 5 6 7
8

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Pentwater Capital Management's Q1 2015 Portfolio in Review

As of Q1 2015, Pentwater Capital Management held 208 positions worth $13.4B, down 4.9% from $14.1B the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Pentwater Capital Management withdrew a net $1.53B in Q1 2015, closing 54 positions and reducing 32 holdings. Its most notable exit was Allergan Inc, an estimated $1.19B position sold in full.

By sector, the portfolio is most concentrated in Technology at 8.8% of assets, up from 7.1% a quarter earlier, followed by Consumer Discretionary and Healthcare.

Against the trend, Pentwater Capital Management opened a new position in HOSPIRA INC worth $545M.

  • Pentwater Capital Management's largest Q1 2015 buy was HOSPIRA INC: 6,200,000 shares worth $545M.
  • Pentwater Capital Management added most to SALIX PHARMACEUTICALS LTD DEL in Q1 2015, an estimated $333M increase.
  • Pentwater Capital Management's biggest Q1 2015 reduction was TRW AUTOMOTIVE HOLDINGS CORP, cutting an estimated $145M.
  • Pentwater Capital Management fully exited Allergan Inc in Q1 2015, selling an estimated $1.19B.
  • Pentwater Capital Management's ten largest holdings make up 55% of its $13.4B portfolio in Q1 2015.
  • Pentwater Capital Management opened 60 new positions and closed 54 in Q1 2015.
  • Pentwater Capital Management's portfolio value fell 4.9% quarter-over-quarter to $13.4B.

Based on Pentwater Capital Management's 13F filing for Q1 2015, filed 15 May 2015.