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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
SPY icon
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
$2.58B 13.7%
12,540,000
+2,750,000
+28% +$578M
TWC
2
PUT
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
$1.13B 6.01%
6,360,000
+390,000
+7% +$64.6M
DTV
3
DELISTED
DIRECTV COM STK (DE)
DTV
$1.13B 5.98%
12,145,400
+951,000
+8% +$86M
BRCM
4
DELISTED
BROADCOM CORP CL-A
BRCM
$1.06B 5.63%
+20,613,975
New +$1B
TWC
5
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
$974M 5.17%
5,465,800
+2,570,800
+89% +$426M
HSP
6
DELISTED
HOSPIRA INC
HSP
$639M 3.39%
7,200,000
+1,000,000
+16% +$88.1M
PLL
7
DELISTED
PALL CORP
PLL
$616M 3.27%
+4,950,100
New +$559M
CTRX
8
DELISTED
CATAMARAN CORP COM STK (CDA)
CTRX
$611M 3.24%
10,000,000
+6,400,000
+178% +$384M
ALTR
9
DELISTED
Altera Corp
ALTR
$573M 3.04%
11,200,000
+9,780,000
+689% +$456M
FDO
10
DELISTED
FAMILY DOLLAR STORES
FDO
$459M 2.44%
5,830,000
+695,000
+14% +$54.8M
TRQ
11
DELISTED
Turquoise Hill Resources Ltd
TRQ
$451M 2.39%
11,902,000
-1,853,000
-13% -$76.2M
PRGO icon
12
Perrigo
PRGO
$1.4B
$427M 2.27%
+2,310,000
New +$440M
BHI
13
DELISTED
Baker Hughes
BHI
$423M 2.24%
6,854,144
+479,144
+8% +$31.3M
ALTR
14
PUT
DELISTED
Altera Corp
ALTR
$422M 2.24%
8,250,000
+7,200,000
+686% +$336M
HUM icon
15
PUT
Humana
HUM
$46.7B
$419M 2.22%
+2,192,000
New +$407M
HUM icon
16
Humana
HUM
$46.7B
$392M 2.08%
+2,050,000
New +$380M
DRC
17
DELISTED
DRESSER-RAND GROUP INC
DRC
$341M 1.81%
4,000,000
+800,000
+25% +$66.9M
OCR
18
DELISTED
OMNICARE INC
OCR
$333M 1.77%
+3,538,000
New +$316M
PRGO icon
19
PUT
Perrigo
PRGO
$1.4B
$314M 1.67%
+1,700,700
New +$324M
WMB icon
20
PUT
Williams Companies
WMB
$90.5B
$279M 1.48%
+4,863,400
New +$251M
BHI
21
PUT
DELISTED
Baker Hughes
BHI
$272M 1.44%
4,410,000
+360,000
+9% +$23.5M
WMB icon
22
Williams Companies
WMB
$90.5B
$268M 1.42%
+4,664,650
New +$240M
VTRS icon
23
Viatris
VTRS
$20.1B
$256M 1.36%
+3,779,791
New +$267M
INFA
24
DELISTED
INFORMATICA CORP
INFA
$233M 1.24%
4,814,000
+4,564,000
+1,826% +$220M
AET
25
DELISTED
Aetna Inc
AET
$214M 1.14%
+1,680,000
New +$192M
1
2 3 4 5

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MIM
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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.