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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
+6.6%
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
$15B
AUM Growth
+$3.38B
Cap. Flow
+$3.07B
Cap. Flow %
20.42%
Top 10 Hldgs %
64.96%
Holding
127
New
24
Increased
32
Reduced
19
Closed
31

Top Buys

Rank Stock Value
1
AET
Aetna Inc
AET
+$838M
2
QCOM icon
Qualcomm
QCOM
+$763M
3
MON
Monsanto Co
MON
+$307M
4
OA
Orbital ATK, Inc.
OA
+$183M
5
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
+$79.6M

Top Sells

Rank Stock Value
1
LVLT
Level 3 Communications Inc
LVLT
+$548M
2
SNI
Scripps Networks Interactive, Inc Common Class A
SNI
+$144M
3
CPN
Calpine Corporation
CPN
+$95.9M
4
RICE
Rice Energy Inc.
RICE
+$65.1M
5
BCR
CR Bard Inc.
BCR
+$61.9M

Sector Composition

Rank Sector Weight
1 Technology 19.87%
2 Materials 9.15%
3 Communication Services 7.52%
4 Financials 6.42%
5 Healthcare 1.22%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NXPI icon
1
NXP Semiconductors
NXPI
$68B
$1.53B 10.15%
13,029,400
+69,105
+0.5% +$7.98M
SPY icon
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
$1.38B 9.17%
5,164,900
+1,172,400
+29% +$305M
NXPI icon
3
PUT
NXP Semiconductors
NXPI
$68B
$1.12B 7.44%
9,547,300
+1,365,000
+17% +$158M
MON
4
DELISTED
Monsanto Co
MON
$1.03B 6.82%
8,781,778
+2,581,778
+42% +$307M
MON
5
PUT
DELISTED
Monsanto Co
MON
$969M 6.45%
8,301,100
+2,451,800
+42% +$292M
QCOM icon
6
Qualcomm
QCOM
$176B
$891M 5.92%
13,910,867
+12,580,992
+946% +$763M
AET
7
DELISTED
Aetna Inc
AET
$880M 5.86%
+4,880,000
New +$838M
TWX
8
PUT
DELISTED
Time Warner Inc
TWX
$844M 5.62%
9,229,300
+4,115,300
+80% +$389M
TWX
9
DELISTED
Time Warner Inc
TWX
$605M 4.03%
6,615,596
+261,396
+4% +$24.7M
T icon
10
CALL
AT&T
T
$165B
$529M 3.52%
18,013,814
+6,210,354
+53% +$170M
COL
11
DELISTED
Rockwell Collins
COL
$461M 3.07%
3,400,000
+180,000
+6% +$24.1M
AABA
12
DELISTED
Altaba Inc
AABA
$453M 3.01%
6,480,000
-640,000
-9% -$44.5M
QCOM icon
13
PUT
Qualcomm
QCOM
$176B
$415M 2.76%
6,485,500
+6,345,200
+4,523% +$385M
TRQ
14
DELISTED
Turquoise Hill Resources Ltd
TRQ
$349M 2.32%
10,177,000
+548,341
+6% +$17.2M
T icon
15
PUT
AT&T
T
$165B
$283M 1.89%
9,651,298
-7,953,930
-45% -$217M
AET
16
PUT
DELISTED
Aetna Inc
AET
$253M 1.68%
+1,400,000
New +$241M
TWX
17
CALL
DELISTED
Time Warner Inc
TWX
$245M 1.63%
2,674,700
+1,655,900
+163% +$156M
OA
18
DELISTED
Orbital ATK, Inc.
OA
$195M 1.29%
1,480,000
+1,380,000
+1,380% +$183M
TRCO
19
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
$189M 1.26%
4,450,113
+584,720
+15% +$24.1M
NXPI icon
20
CALL
NXP Semiconductors
NXPI
$68B
$188M 1.25%
1,605,400
-26,100
-2% -$3.01M
QCOM icon
21
CALL
Qualcomm
QCOM
$176B
$180M 1.19%
2,803,900
+2,176,300
+347% +$132M
SNI
22
DELISTED
Scripps Networks Interactive, Inc Common Class A
SNI
$161M 1.07%
1,880,000
-1,740,000
-48% -$144M
SYF icon
23
CALL
Synchrony
SYF
$23.7B
$128M 0.85%
3,325,200
+80,000
+2% +$2.74M
ESPR
24
DELISTED
Esperion Therapeutics
ESPR
$127M 0.84%
1,929,231
-313,969
-14% -$16.9M
MON
25
CALL
DELISTED
Monsanto Co
MON
$124M 0.83%
1,066,100
+16,600
+2% +$1.98M
1
2 3 4 5

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Pentwater Capital Management's Q4 2017 Portfolio in Review

As of Q4 2017, Pentwater Capital Management held 127 positions worth $15B, up 29% from $11.7B the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Pentwater Capital Management deployed $3.07B of net new capital in Q4 2017, opening 24 new positions and adding to 32 existing holdings. Its largest new stake was Aetna Inc: 4,880,000 shares worth $880M.

By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 19% a quarter earlier, followed by Materials and Communication Services.

On the sell side, the largest reduction was Scripps Networks Interactive, Inc Common Class A, an estimated $144M trimmed.

  • Pentwater Capital Management's largest Q4 2017 buy was Aetna Inc: 4,880,000 shares worth $880M.
  • Pentwater Capital Management added most to Qualcomm in Q4 2017, an estimated $763M increase.
  • Pentwater Capital Management's biggest Q4 2017 reduction was Scripps Networks Interactive, Inc Common Class A, cutting an estimated $144M.
  • Pentwater Capital Management fully exited Level 3 Communications Inc in Q4 2017, selling an estimated $548M.
  • Pentwater Capital Management's ten largest holdings make up 65% of its $15B portfolio in Q4 2017.
  • Pentwater Capital Management opened 24 new positions and closed 31 in Q4 2017.
  • Pentwater Capital Management's portfolio value rose 29% quarter-over-quarter to $15B.

Based on Pentwater Capital Management's 13F filing for Q4 2017, filed 7 Feb 2018.