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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
+10.59%
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
$14.1B
AUM Growth
+$3.66B
Cap. Flow
+$2.96B
Cap. Flow %
21.04%
Top 10 Hldgs %
54.73%
Holding
218
New
37
Increased
37
Reduced
42
Closed
71

Top Buys

Rank Stock Value
1
CFN
CAREFUSION CORPORATION
CFN
+$416M
2
AGN
Allergan Inc
AGN
+$386M
3
COV
COVIDIEN PLC COM SHS NEW (IRELAND)
COV
+$372M
4
BHI
Baker Hughes
BHI
+$342M
5
CBST
CUBIST PHARMACEUTICALS INC
CBST
+$201M

Top Sells

Rank Stock Value
1
THI
TIM HORTONS INC COM, CANADA
THI
+$536M
2
BHC icon
Bausch Health
BHC
+$210M
3
KMR
KINDER MORGAN MANAGEMENT LLC
KMR
+$153M
4
OUT icon
Outfront Media
OUT
+$151M
5
SHPG
Shire pic
SHPG
+$104M

Sector Composition

Rank Sector Weight
1 Healthcare 20%
2 Technology 7.1%
3 Consumer Discretionary 6.67%
4 Materials 3.2%
5 Energy 3.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BYI
201
DELISTED
BALLY TECHNOLOGIES, INC.
BYI
– –
-701,000
Closed -$56.6M
MONT
202
DELISTED
MONTAGE TECHNOLOGY GROUP LTD
MONT
– –
-1,502,957
Closed -$31.4M
MONT
203
PUT
DELISTED
MONTAGE TECHNOLOGY GROUP LTD
MONT
– –
-600,000
Closed -$12.5M
TWTC
204
DELISTED
TW TELECOM INC CL A COM
TWTC
– –
-80,000
Closed -$3.33M
URS
205
DELISTED
URS CORP
URS
– –
-180,000
Closed -$10.4M
ITMN
206
PUT
DELISTED
INTERMUNE INC
ITMN
– –
-80,000
Closed -$5.92M
KIPS
207
DELISTED
KIPS BAY MEDICAL INC
KIPS
– –
-311,800
Closed -$53K
FLY
208
DELISTED
Fly Leasing Limited
FLY
– –
-480,000
Closed -$6.15M
SHPG
209
DELISTED
Shire pic
SHPG
– –
-403,182
Closed -$104M
SHPG
210
PUT
DELISTED
Shire pic
SHPG
– –
-100,000
Closed -$25.9M
NEWS
211
DELISTED
NewStar Financial, Inc.
NEWS
– –
-116,324
Closed -$1.31M
5 6 7 8
9

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LF
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MIM
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Pentwater Capital Management's Q4 2014 Portfolio in Review

As of Q4 2014, Pentwater Capital Management held 218 positions worth $14.1B, up 35% from $10.4B the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Pentwater Capital Management deployed $2.96B of net new capital in Q4 2014, opening 37 new positions and adding to 37 existing holdings. Its largest new stake was CAREFUSION CORPORATION: 7,250,000 shares worth $430M.

By sector, the portfolio is most concentrated in Healthcare at 20% of assets, up from 16% a quarter earlier, followed by Technology and Consumer Discretionary.

On the sell side, the largest reduction was Outfront Media, an estimated $151M trimmed.

  • Pentwater Capital Management's largest Q4 2014 buy was CAREFUSION CORPORATION: 7,250,000 shares worth $430M.
  • Pentwater Capital Management added most to Allergan Inc in Q4 2014, an estimated $386M increase.
  • Pentwater Capital Management's biggest Q4 2014 reduction was Outfront Media, cutting an estimated $151M.
  • Pentwater Capital Management fully exited TIM HORTONS INC COM, CANADA in Q4 2014, selling an estimated $536M.
  • Pentwater Capital Management's ten largest holdings make up 55% of its $14.1B portfolio in Q4 2014.
  • Pentwater Capital Management opened 37 new positions and closed 71 in Q4 2014.
  • Pentwater Capital Management's portfolio value rose 35% quarter-over-quarter to $14.1B.

Based on Pentwater Capital Management's 13F filing for Q4 2014, filed 17 Feb 2015.