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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
+3.48%
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
$3.75B
AUM Growth
+$273M
(+7.9%)
Cap. Flow
+$163M
Cap. Flow
% of AUM
4.35%
Top 10 Holdings %
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 |
Vodafone
VOD
|
+$116M |
| 4 |
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 |
American Airlines Group
AAL
|
+$103M |
| 5 |
LIFE
LIFE TECHNOLOGIES CORP COM STK (DE)
LIFE
|
+$75.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 14.35% |
| 2 | Materials | 13.19% |
| 3 | Healthcare | 5.88% |
| 4 | Consumer Staples | 5.16% |
| 5 | Consumer Discretionary | 4.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $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 |
|
|
5
CALL
Vodafone
VOD
$34.9B
| $177M | 4.73% |
4,818,800
+3,200,150
| +198% | +$123M |
|
6
Zoetis
ZTS
$31.6B
| $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 |
|
|
9
Vodafone
VOD
$34.9B
| $110M | 2.95% |
+3,000,000
| New | +$116M |
|
10
General Motors
GM
$74.7B
| $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 |
|
|
12
Comcast
CMCSA
$79.1B
| $77.1M | 2.06% |
+3,081,250
| New | +$80.3M |
|
13
CALL
Verizon
VZ
$194B
| $76.9M | 2.05% |
+1,617,200
| New | +$76.5M |
|
14
LyondellBasell Industries
LYB
$19.5B
| $64.9M | 1.73% |
730,000
-185,000
| -20% | -$15.6M |
|
|
15
PUT
General Motors
GM
$74.7B
| $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 |
|
|
19
CALL
American Airlines Group
AAL
$9.58B
| $38.8M | 1.04% |
1,060,000
-325,000
| -23% | -$11.1M |
|
|
20
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $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 |
|
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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 deployed $163M of net new capital in Q1 2014, opening 47 new positions and adding to 29 existing holdings. Its largest new stake was Vodafone: 3,000,000 shares worth $110M.
By sector, the portfolio is most concentrated in Communication Services at 14% of assets, up from 9.3% a quarter earlier, followed by Materials and Healthcare.
On the sell side, the largest reduction was American Airlines Group, an estimated $103M trimmed.
- 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.