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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
+9.81%
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
$18.8B
AUM Growth
+$5.48B
Cap. Flow
+$4.71B
Cap. Flow %
24.99%
Top 10 Hldgs %
51.86%
Holding
224
New
70
Increased
30
Reduced
44
Closed
59

Top Buys

Rank Stock Value
1
BRCM
BROADCOM CORP CL-A
BRCM
+$1B
2
PLL
PALL CORP
PLL
+$559M
3
ALTR
Altera Corp
ALTR
+$456M
4
PRGO icon
Perrigo
PRGO
+$440M
5
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
+$426M

Top Sells

Rank Stock Value
1
SLXP
SALIX PHARMACEUTICALS LTD DEL
SLXP
+$652M
2
PCYC
PHARMACYCLICS INC
PCYC
+$572M
3
TRW
TRW AUTOMOTIVE HOLDINGS CORP
TRW
+$362M
4
TLM
TALISMAN ENERGY INC
TLM
+$163M
5
XLS
EXELIS INC COM STK
XLS
+$151M

Sector Composition

Rank Sector Weight
1 Healthcare 10.89%
2 Technology 7.04%
3 Communication Services 6.72%
4 Energy 3.77%
5 Industrials 3.67%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPG icon
176
CALL
Simon Property Group
SPG
$73B
– –
-50,000
Closed -$9.78M
SYK icon
177
Stryker
SYK
$128B
– –
-300,000
Closed -$28.4M
T icon
178
CALL
AT&T
T
$159B
– –
-14,180,040
Closed -$350M
TPH
179
DELISTED
Tri Pointe Homes
TPH
– –
-1,150,000
Closed -$17.7M
AGN
180
CALL
DELISTED
Allergan plc
AGN
– –
-1,235,000
Closed -$368M
INXN
181
DELISTED
Interxion Holding N.V.
INXN
– –
-41,871
Closed -$1.18M
FMI
182
DELISTED
Foundation Medicine, Inc.
FMI
– –
-85,200
Closed -$4.1M
FMI
183
PUT
DELISTED
Foundation Medicine, Inc.
FMI
– –
-170,000
Closed -$8.18M
CACQ
184
DELISTED
Caesars Acquisition Company
CACQ
– –
-70,000
Closed -$476K
RAI
185
CALL
DELISTED
Reynolds American Inc
RAI
– –
-600,000
Closed -$20.7M
RAI
186
DELISTED
Reynolds American Inc
RAI
– –
-618,000
Closed -$21.3M
RAI
187
PUT
DELISTED
Reynolds American Inc
RAI
– –
-400,000
Closed -$13.8M
PRE
188
CALL
DELISTED
PARTNERRE LTD
PRE
– –
-200,000
Closed -$22.9M
DTV
189
CALL
DELISTED
DIRECTV COM STK (DE)
DTV
– –
-2,350,000
Closed -$200M
DTV
190
PUT
DELISTED
DIRECTV COM STK (DE)
DTV
– –
-2,130,000
Closed -$181M
ADVS
191
DELISTED
Advent Software Inc
ADVS
– –
-144,097
Closed -$6.36M
WLT
192
DELISTED
WALTER ENERGY INC COM STK (DE)
WLT
– –
-257,882
Closed -$119K
KRFT
193
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
– –
-3,000
Closed -$261K
ACT.PRA
194
DELISTED
ACTAVIS PLC Pfd Conv Ser A (Irl)
ACT.PRA
– –
-17,000
Closed -$17.2M
LO
195
CALL
DELISTED
LORILLARD INC COM STK
LO
– –
-400,000
Closed -$26.1M
LO
196
DELISTED
LORILLARD INC COM STK
LO
– –
-200,000
Closed -$13.1M
LO
197
PUT
DELISTED
LORILLARD INC COM STK
LO
– –
-300,000
Closed -$19.6M
LTM
198
DELISTED
LIFE TIME FITNESS INC
LTM
– –
-25,000
Closed -$1.77M
CRRC
199
DELISTED
COURIER CORP
CRRC
– –
-235,600
Closed -$5.77M
XLS
200
DELISTED
EXELIS INC COM STK
XLS
– –
-6,200,000
Closed -$151M
5 6 7
8
9

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Pentwater Capital Management's Q2 2015 Portfolio in Review

As of Q2 2015, Pentwater Capital Management held 224 positions worth $18.8B, up 41% from $13.4B the previous quarter. Its ten largest holdings account for 52% of the portfolio.

Pentwater Capital Management deployed $4.71B of net new capital in Q2 2015, opening 70 new positions and adding to 30 existing holdings. Its largest new stake was BROADCOM CORP CL-A: 20,613,975 shares worth $1.06B.

By sector, the portfolio is most concentrated in Healthcare at 11% of assets, up from 5.4% a quarter earlier, followed by Technology and Communication Services.

On the sell side, the largest reduction was Turquoise Hill Resources Ltd, an estimated $76.2M trimmed.

  • Pentwater Capital Management's largest Q2 2015 buy was BROADCOM CORP CL-A: 20,613,975 shares worth $1.06B.
  • Pentwater Capital Management added most to Altera Corp in Q2 2015, an estimated $456M increase.
  • Pentwater Capital Management's biggest Q2 2015 reduction was Turquoise Hill Resources Ltd, cutting an estimated $76.2M.
  • Pentwater Capital Management fully exited SALIX PHARMACEUTICALS LTD DEL in Q2 2015, selling an estimated $652M.
  • Pentwater Capital Management's ten largest holdings make up 52% of its $18.8B portfolio in Q2 2015.
  • Pentwater Capital Management opened 70 new positions and closed 59 in Q2 2015.
  • Pentwater Capital Management's portfolio value rose 41% quarter-over-quarter to $18.8B.

Based on Pentwater Capital Management's 13F filing for Q2 2015, filed 14 Aug 2015.