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PCM
Pentwater Capital Management Portfolio holdings
AUM
$19.3B
1-Year Est. Return
58.13%
This Fund
S&P 500
This Quarter
Est. Return
-0.44%
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
$13.6B
AUM Growth
-$974M
(-6.7%)
Cap. Flow
-$283M
Cap. Flow
% of AUM
-2.08%
Top 10 Holdings %
Top 10 Hldgs %
65.37%
Holding
134
New
26
Increased
22
Reduced
34
Closed
43
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
BXLT
BAXALTA INC COM STK (DE)
BXLT
|
+$477M |
| 2 |
Bausch Health
BHC
|
+$297M |
| 3 |
HOT
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
|
+$256M |
| 4 |
SNDK
SANDISK CORP
SNDK
|
+$243M |
| 5 |
ADT
ADT Corp
ADT
|
+$163M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BRCM
BROADCOM CORP CL-A
BRCM
|
+$1.2B |
| 2 |
PCP
PRECISION CASTPARTS CORP
PCP
|
+$761M |
| 3 |
BHI
Baker Hughes
BHI
|
+$110M |
| 4 |
AVOL
AVOLON HLDGS LTD SHS (CYM)
AVOL
|
+$103M |
| 5 |
JAH
JARDEN CORPORATION
JAH
|
+$88M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 12.39% |
| 2 | Communication Services | 8.65% |
| 3 | Technology | 3.8% |
| 4 | Energy | 2.41% |
| 5 | Real Estate | 2.3% |
| 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
| $2.36B | 17.34% |
11,490,800
+3,500,800
| +44% | +$683M |
|
|
AGN
2
DELISTED
Allergan plc
AGN
| $1.29B | 9.47% |
4,811,368
+495,000
| +11% | +$142M |
|
|
AGN
3
PUT
DELISTED
Allergan plc
AGN
| $1.05B | 7.74% |
3,930,000
-466,000
| -11% | -$133M |
|
|
TWC
4
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $999M | 7.34% |
4,883,400
-302,000
| -6% | -$57.1M |
|
|
SNDK
5
DELISTED
SANDISK CORP
SNDK
| $704M | 5.17% |
9,246,900
+3,369,821
| +57% | +$243M |
|
6
PUT
Pfizer
PFE
$140B
| $682M | 5.01% |
24,242,000
+14,070,900
| +138% | +$402M |
|
|
BXLT
7
DELISTED
BAXALTA INC COM STK (DE)
BXLT
| $488M | 3.58% |
12,070,000
+12,060,000
| +120,600% | +$477M |
|
|
EMC
8
DELISTED
EMC CORPORATION
EMC
| $478M | 3.51% |
17,939,300
+2,080,000
| +13% | +$52.7M |
|
|
9
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $426M | 3.13% |
2,072,800
-3,097,200
| -60% | -$604M |
|
10
PUT
Humana
HUM
$46.7B
| $420M | 3.08% |
2,295,000
+1,395,000
| +155% | +$242M |
|
|
AGN
11
CALL
DELISTED
Allergan plc
AGN
| $319M | 2.34% |
1,188,300
-303,600
| -20% | -$86.9M |
|
|
HOT
12
DELISTED
STARWOOD HOTELS & RESORTS WORLDWIDE, INC.
HOT
| $313M | 2.3% |
+3,751,201
| New | +$256M |
|
|
SHPG
13
CALL
DELISTED
Shire pic
SHPG
| $308M | 2.26% |
+1,790,000
| New | +$300M |
|
|
TRQ
14
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $265M | 1.94% |
10,417,000
-1,221,430
| -10% | -$27.6M |
|
|
15
Humana
HUM
$46.7B
| $258M | 1.89% |
1,410,000
-360,000
| -20% | -$62.5M |
|
|
16
CALL
Pfizer
PFE
$140B
| $258M | 1.89% |
9,169,800
+8,115,800
| +770% | +$232M |
|
17
Synchrony
SYF
$23.7B
| $238M | 1.75% |
8,302,912
+356,497
| +4% | +$9.9M |
|
|
SNDK
18
PUT
DELISTED
SANDISK CORP
SNDK
| $194M | 1.42% |
2,550,000
-150,000
| -6% | -$10.8M |
|
|
ADT
19
DELISTED
ADT Corp
ADT
| $192M | 1.41% |
+4,660,000
| New | +$163M |
|
|
20
PUT
Synchrony
SYF
$23.7B
| $182M | 1.33% |
6,339,900
+6,025,000
| +1,913% | +$167M |
|
|
CAM
21
DELISTED
CAMERON INTERNATIONAL CORPORATION
CAM
| $161M | 1.18% |
2,405,083
+1,477,383
| +159% | +$94.9M |
|
|
CVC
22
DELISTED
CABLEVISION SYS CP NY GRP CL-A
CVC
| $157M | 1.15% |
4,760,000
-40,000
| -0.8% | -$1.29M |
|
|
BHI
23
PUT
DELISTED
Baker Hughes
BHI
| $154M | 1.13% |
3,504,000
-3,364,400
| -49% | -$145M |
|
|
TWC
24
PUT
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $123M | 0.9% |
600,000
-1,180,000
| -66% | -$223M |
|
|
25
Bausch Health
BHC
$1.65B
| $115M | 0.85% |
4,391,500
+4,010,500
| +1,053% | +$297M |
|
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Pentwater Capital Management's Q1 2016 Portfolio in Review
As of Q1 2016, Pentwater Capital Management held 134 positions worth $13.6B, down 6.7% from $14.6B the previous quarter. Its ten largest holdings account for 65% of the portfolio.
Pentwater Capital Management's Q1 2016 filing shows 26 new, 22 increased, 34 reduced and 43 closed positions. Its largest new stake was STARWOOD HOTELS & RESORTS WORLDWIDE, INC.: 3,751,201 shares worth $313M. The largest sale was BROADCOM CORP CL-A, an estimated $1.2B.
By sector, the portfolio is most concentrated in Healthcare at 12% of assets, up from 12% a quarter earlier, followed by Communication Services and Technology.
- Pentwater Capital Management's largest Q1 2016 buy was STARWOOD HOTELS & RESORTS WORLDWIDE, INC.: 3,751,201 shares worth $313M.
- Pentwater Capital Management added most to BAXALTA INC COM STK (DE) in Q1 2016, an estimated $477M increase.
- Pentwater Capital Management's biggest Q1 2016 reduction was Baker Hughes, cutting an estimated $110M.
- Pentwater Capital Management fully exited BROADCOM CORP CL-A in Q1 2016, selling an estimated $1.2B.
- Pentwater Capital Management's ten largest holdings make up 65% of its $13.6B portfolio in Q1 2016.
- Pentwater Capital Management opened 26 new positions and closed 43 in Q1 2016.
- Pentwater Capital Management's portfolio value fell 6.7% quarter-over-quarter to $13.6B.
Based on Pentwater Capital Management's 13F filing for Q1 2016, filed 16 May 2016.