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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
+9.11%
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
$14.6B
AUM Growth
+$3.2B
Cap. Flow
+$53.9M
Cap. Flow %
0.37%
Top 10 Hldgs %
66.12%
Holding
175
New
41
Increased
24
Reduced
31
Closed
67

Top Buys

Rank Stock Value
1
AGN
Allergan plc
AGN
+$1.28B
2
SNDK
SANDISK CORP
SNDK
+$430M
3
EMC
EMC CORPORATION
EMC
+$412M
4
SYF icon
Synchrony
SYF
+$153M
5
JAH
JARDEN CORPORATION
JAH
+$77.2M

Top Sells

Rank Stock Value
1
ALTR
Altera Corp
ALTR
+$694M
2
PRGO icon
Perrigo
PRGO
+$316M
3
SIAL
SIGMA - ALDRICH CORP
SIAL
+$181M
4
BHI
Baker Hughes
BHI
+$165M
5
FSL
FREESCALE SEMICONDUCTOR LTD
FSL
+$153M

Sector Composition

Rank Sector Weight
1 Miscellaneous 61.13%
2 Healthcare 12.51%
3 Communication Services 8.07%
4 Industrials 6.61%
5 Technology 3.21%
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
$1.63B 11.16%
7,990,000
+2,655,000
+50% +$545M
AGN
2
PUT
DELISTED
Allergan plc
AGN
$1.37B 9.42%
4,396,000
+4,360,000
+12,111% +$1.3B
AGN
3
DELISTED
Allergan plc
AGN
$1.35B 9.24%
4,316,368
+4,288,321
+15,290% +$1.28B
BRCM
4
DELISTED
BROADCOM CORP CL-A
BRCM
$1.2B 8.21%
20,728,000
-1,372,982
-6% -$73.9M
SPY icon
5
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$810B
$1.05B 7.22%
5,170,000
+2,200,000
+74% +$452M
TWC
6
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
$962M 6.6%
5,185,400
-145,000
-3% -$26.9M
PCP
7
DELISTED
PRECISION CASTPARTS CORP
PCP
$761M 5.22%
3,280,000
-45,000
-1% -$10.4M
AGN
8
CALL
DELISTED
Allergan plc
AGN
$466M 3.2%
+1,491,900
New +$444M
SNDK
9
DELISTED
SANDISK CORP
SNDK
$447M 3.06%
+5,877,079
New +$430M
EMC
10
DELISTED
EMC CORPORATION
EMC
$407M 2.79%
+15,859,300
New +$412M
TWC
11
PUT
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
$330M 2.26%
1,780,000
-100,000
-5% -$18.5M
BHI
12
PUT
DELISTED
Baker Hughes
BHI
$317M 2.17%
6,868,400
+578,400
+9% +$29.6M
HUM icon
13
Humana
HUM
$48.4B
$316M 2.17%
1,770,000
-109,400
-6% -$19.2M
PFE icon
14
PUT
Pfizer
PFE
$158B
$312M 2.14%
+10,171,100
New +$320M
TRQ
15
DELISTED
Turquoise Hill Resources Ltd
TRQ
$296M 2.03%
11,638,430
-32,290
-0.3% -$874K
SYF icon
16
Synchrony
SYF
$25.6B
$242M 1.66%
7,946,415
+4,894,215
+160% +$153M
BHI
17
DELISTED
Baker Hughes
BHI
$232M 1.59%
5,020,000
-3,225,000
-39% -$165M
HAL icon
18
CALL
Halliburton
HAL
$30.7B
$213M 1.46%
6,245,000
+4,900,000
+364% +$185M
SNDK
19
PUT
DELISTED
SANDISK CORP
SNDK
$205M 1.41%
+2,700,000
New +$198M
HUM icon
20
PUT
Humana
HUM
$48.4B
$161M 1.1%
900,000
+280,000
+45% +$49.1M
CVC
21
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
$153M 1.05%
4,800,000
-500,000
-9% -$15.8M
BHI
22
CALL
DELISTED
Baker Hughes
BHI
$146M 1%
+3,160,000
New +$162M
WMB icon
23
Williams Companies
WMB
$92.8B
$111M 0.76%
4,300,100
+822,579
+24% +$28.7M
AVGO icon
24
PUT
Broadcom
AVGO
$1.75T
$110M 0.76%
7,600,000
-7,100,000
-48% -$92.3M
AVOL
25
DELISTED
AVOLON HLDGS LTD SHS (CYM)
AVOL
$103M 0.71%
3,330,000
+15,000
+0.5% +$459K
1
2 3 4 5

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Pentwater Capital Management's Q4 2015 Portfolio in Review

As of Q4 2015, Pentwater Capital Management held 175 positions worth $14.6B, up 28% from $11.4B the previous quarter. Its ten largest holdings account for 66% of the portfolio.

Pentwater Capital Management's Q4 2015 filing shows 41 new, 24 increased, 31 reduced and 67 closed positions. Its largest new stake was SANDISK CORP: 5,877,079 shares worth $447M. The largest sale was Altera Corp, an estimated $694M.

By sector, the portfolio is most concentrated in Miscellaneous at 61% of assets, up from 57% a quarter earlier, followed by Healthcare and Communication Services.

  • Pentwater Capital Management's largest Q4 2015 buy was SANDISK CORP: 5,877,079 shares worth $447M.
  • Pentwater Capital Management added most to Allergan plc in Q4 2015, an estimated $1.28B increase.
  • Pentwater Capital Management's biggest Q4 2015 reduction was Baker Hughes, cutting an estimated $165M.
  • Pentwater Capital Management fully exited Altera Corp in Q4 2015, selling an estimated $694M.
  • Pentwater Capital Management's ten largest holdings make up 66% of its $14.6B portfolio in Q4 2015.
  • Pentwater Capital Management opened 41 new positions and closed 67 in Q4 2015.
  • Pentwater Capital Management's portfolio value rose 28% quarter-over-quarter to $14.6B.

Based on Pentwater Capital Management's 13F filing for Q4 2015, filed 16 Feb 2016.