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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
-4.91%
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
$11.7B
AUM Growth
-$123M
Cap. Flow
+$901M
Cap. Flow %
7.71%
Top 10 Hldgs %
77.41%
Holding
194
New
48
Increased
39
Reduced
30
Closed
57

Top Buys

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$1.49B
2
RHT
Red Hat Inc
RHT
+$218M
3
ATHN
Athenahealth, Inc.
ATHN
+$180M
4
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
+$178M
5
ARRS
ARRIS International plc Ordinary Shares
ARRS
+$132M

Top Sells

Rank Stock Value
1
AET
Aetna Inc
AET
+$1.41B
2
ESRX
Express Scripts Holding Company
ESRX
+$1.07B
3
COL
Rockwell Collins
COL
+$619M
4
NXPI icon
NXP Semiconductors
NXPI
+$263M
5
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
+$197M

Sector Composition

Rank Sector Weight
1 Communication Services 10.15%
2 Technology 7.69%
3 Materials 2.92%
4 Healthcare 2.64%
5 Industrials 2.21%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ATHN
176
PUT
DELISTED
Athenahealth, Inc.
ATHN
– –
-94,100
Closed -$12.6M
GOV
177
DELISTED
Government Properties Income Trust
GOV
– –
-10,000
Closed -$113K
ESRX
178
CALL
DELISTED
Express Scripts Holding Company
ESRX
– –
-100,000
Closed -$9.5M
ESRX
179
DELISTED
Express Scripts Holding Company
ESRX
– –
-11,280,000
Closed -$1.07B
ESRX
180
PUT
DELISTED
Express Scripts Holding Company
ESRX
– –
-9,849,300
Closed -$936M
LHO
181
DELISTED
LaSalle Hotel Properties
LHO
– –
-800,000
Closed -$27.7M
EGN
182
DELISTED
Energen
EGN
– –
-90,000
Closed -$7.75M
AET
183
CALL
DELISTED
Aetna Inc
AET
– –
-500
Closed -$101K
AET
184
DELISTED
Aetna Inc
AET
– –
-6,944,999
Closed -$1.41B
AET
185
PUT
DELISTED
Aetna Inc
AET
– –
-1,304,500
Closed -$265M
COL
186
DELISTED
Rockwell Collins
COL
– –
-4,405,000
Closed -$619M
COL
187
PUT
DELISTED
Rockwell Collins
COL
– –
-1,500,000
Closed -$211M
ETP
188
CALL
DELISTED
Energy Transfer Partners, L.P.
ETP
– –
-465,400
Closed -$10.4M
ETP
189
DELISTED
Energy Transfer Partners, L.P.
ETP
– –
-1,170,000
Closed -$26M
WEB
190
DELISTED
Web.com Group, Inc.
WEB
– –
-200,000
Closed -$5.58M
ORIG
191
DELISTED
Ocean Rig UDW Inc. Class A Common Shares
ORIG
– –
-577,500
Closed -$20M
CA
192
DELISTED
CA, Inc.
CA
– –
-660,000
Closed -$29.1M
TRCO
193
PUT
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
– –
-3,100
Closed -$119K
4 5 6 7
8

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Pentwater Capital Management's Q4 2018 Portfolio in Review

As of Q4 2018, Pentwater Capital Management held 194 positions worth $11.7B, down 1% from $11.8B the previous quarter. Its ten largest holdings account for 77% of the portfolio.

Pentwater Capital Management deployed $901M of net new capital in Q4 2018, opening 48 new positions and adding to 39 existing holdings. Its largest new stake was Red Hat Inc: 1,373,000 shares worth $241M.

By sector, the portfolio is most concentrated in Communication Services at 10% of assets, up from 7.3% a quarter earlier, followed by Technology and Materials.

On the sell side, the largest reduction was NXP Semiconductors, an estimated $263M trimmed.

  • Pentwater Capital Management's largest Q4 2018 buy was Red Hat Inc: 1,373,000 shares worth $241M.
  • Pentwater Capital Management added most to State Street SPDR S&P 500 ETF Trust in Q4 2018, an estimated $1.49B increase.
  • Pentwater Capital Management's biggest Q4 2018 reduction was NXP Semiconductors, cutting an estimated $263M.
  • Pentwater Capital Management fully exited Aetna Inc in Q4 2018, selling an estimated $1.41B.
  • Pentwater Capital Management's ten largest holdings make up 77% of its $11.7B portfolio in Q4 2018.
  • Pentwater Capital Management opened 48 new positions and closed 57 in Q4 2018.
  • Pentwater Capital Management's portfolio value fell 1% quarter-over-quarter to $11.7B.

Based on Pentwater Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.