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Pentwater Capital Management Portfolio holdings

AUM $16.4B
1-Year Est. Return 55.44%
This Fund
S&P 500
This Quarter Est. Return
+3.48%
1 Year Est. Return
+55.44%
3 Year Est. Return
+212.86%
5 Year Est. Return
+622.31%
10 Year Est. Return
+4,977.78%
AUM
$3.75B
AUM Growth
+$273M
Cap. Flow
+$112M
Cap. Flow %
2.98%
Top 10 Hldgs %
63.25%
Holding
164
New
47
Increased
29
Reduced
28
Closed
41

Top Buys

Rank Stock Value
1
TRQ
Turquoise Hill Resources Ltd
TRQ
+$166M
2
BEAM
BEAM INC COM STK (DE)
BEAM
+$133M
3
VOD icon
Vodafone
VOD
+$116M
4
CMCSA icon
Comcast
CMCSA
+$80.3M
5
JOSB
JOS A BANK CLOTHIERS INC
JOSB
+$78.9M

Top Sells

Rank Stock Value
1
VPHM
VIROPHARMA INC
VPHM
+$141M
2
LPS
LENDER PROCESSING SERVICES INC
LPS
+$140M
3
HMA
HEALTH MGMT ASSOC INC CL-A
HMA
+$104M
4
AAL icon
American Airlines Group
AAL
+$103M
5
LIFE
LIFE TECHNOLOGIES CORP COM STK (DE)
LIFE
+$75.8M

Sector Composition

Rank Sector Weight
1 Miscellaneous 50.94%
2 Communication Services 14.35%
3 Materials 13.19%
4 Healthcare 5.88%
5 Consumer Staples 5.16%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$810B
$587M 15.67%
3,140,000
+1,230,000
+64% +$226M
TRQ
2
DELISTED
Turquoise Hill Resources Ltd
TRQ
$412M 10.99%
12,368,220
+4,750,622
+62% +$166M
TWC
3
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
$339M 9.04%
2,470,000
+265,000
+12% +$36.3M
TWX
4
PUT
DELISTED
Time Warner Inc
TWX
$233M 6.22%
1,773,100
+980,420
+124% +$61.5M
VOD icon
5
CALL
Vodafone
VOD
$40.1B
$177M 4.73%
4,818,800
+3,200,150
+198% +$123M
ZTS icon
6
Zoetis
ZTS
$30.4B
$150M 4.02%
5,200,000
-100,000
-2% -$3.05M
BEAM
7
DELISTED
BEAM INC COM STK (DE)
BEAM
$137M 3.65%
1,640,526
+1,634,526
+27,242% +$133M
JOSB
8
DELISTED
JOS A BANK CLOTHIERS INC
JOSB
$135M 3.6%
2,100,000
+1,350,000
+180% +$78.9M
VOD icon
9
Vodafone
VOD
$40.1B
$110M 2.95%
+3,000,000
New +$116M
GM icon
10
General Motors
GM
$75.3B
$89.3M 2.38%
2,595,589
+1,810,894
+231% +$66.5M
JOSB
11
PUT
DELISTED
JOS A BANK CLOTHIERS INC
JOSB
$80.4M 2.14%
1,250,000
+1,190,000
+1,983% +$69.5M
CMCSA icon
12
Comcast
CMCSA
$93.4B
$77.1M 2.06%
+3,081,250
New +$80.3M
VZ icon
13
CALL
Verizon
VZ
$209B
$76.9M 2.05%
+1,617,200
New +$76.5M
LYB icon
14
LyondellBasell Industries
LYB
$20.9B
$64.9M 1.73%
730,000
-185,000
-20% -$15.6M
GM icon
15
PUT
General Motors
GM
$75.3B
$59.5M 1.59%
1,730,000
-100,000
-5% -$3.67M
DRII
16
DELISTED
DIAMOND RESORTS INTL, INC
DRII
$48.8M 1.3%
2,880,522
+2,075,931
+258% +$37.4M
FRX
17
DELISTED
FOREST LABORATORIES INC
FRX
$46.1M 1.23%
+500,000
New +$40.3M
S
18
CALL
DELISTED
Sprint Corporation
S
$45M 1.2%
4,900,000
+2,500,000
+104% +$22M
AAL icon
19
CALL
American Airlines Group
AAL
$8.55B
$38.8M 1.04%
1,060,000
-325,000
-23% -$11.1M
SPY icon
20
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$810B
$37.4M 1%
200,000
-50,000
-20% -$9.18M
AMAP
21
DELISTED
AUTONAVI HLDGS LTD SPON ADR (CYM)
AMAP
$35.5M 0.95%
+1,770,000
New +$32.3M
RDA
22
DELISTED
RDA MICROELECTRONICS INC SPONSORED ADR
RDA
$27.7M 0.74%
1,547,286
+305,879
+25% +$5.52M
EBIX
23
DELISTED
Ebix Inc
EBIX
$27.5M 0.73%
1,611,000
-827,500
-34% -$12.8M
EPE
24
DELISTED
EP Energy Corporation
EPE
$27.4M 0.73%
+1,400,000
New +$26M
CQB
25
DELISTED
CHIQUITA BRANDS INTL (NEW)
CQB
$27.2M 0.73%
2,182,796
-409,522
-16% -$4.61M
1
2 3 4 5

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Pentwater Capital Management's Q1 2014 Portfolio in Review

As of Q1 2014, Pentwater Capital Management held 164 positions worth $3.75B, up 7.9% from $3.47B the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Pentwater Capital Management's Q1 2014 filing shows 47 new, 29 increased, 28 reduced and 41 closed positions. Its largest new stake was Vodafone: 3,000,000 shares worth $110M. The largest sale was VIROPHARMA INC, an estimated $141M.

By sector, the portfolio is most concentrated in Miscellaneous at 51% of assets, down from 57% a quarter earlier, followed by Communication Services and Materials.

  • Pentwater Capital Management's largest Q1 2014 buy was Vodafone: 3,000,000 shares worth $110M.
  • Pentwater Capital Management added most to Turquoise Hill Resources Ltd in Q1 2014, an estimated $166M increase.
  • Pentwater Capital Management's biggest Q1 2014 reduction was American Airlines Group, cutting an estimated $103M.
  • Pentwater Capital Management fully exited VIROPHARMA INC in Q1 2014, selling an estimated $141M.
  • Pentwater Capital Management's ten largest holdings make up 63% of its $3.75B portfolio in Q1 2014.
  • Pentwater Capital Management opened 47 new positions and closed 41 in Q1 2014.
  • Pentwater Capital Management's portfolio value rose 7.9% quarter-over-quarter to $3.75B.

Based on Pentwater Capital Management's 13F filing for Q1 2014, filed 15 May 2014.