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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
-0.64%
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
$14.2B
AUM Growth
-$873M
Cap. Flow
+$1.07B
Cap. Flow %
7.56%
Top 10 Hldgs %
59.23%
Holding
126
New
31
Increased
18
Reduced
33
Closed
35

Top Buys

Rank Stock Value
1
ESRX
Express Scripts Holding Company
ESRX
+$557M
2
MON
Monsanto Co
MON
+$438M
3
DELL icon
Dell
DELL
+$316M
4
MSCC
Microsemi Corp
MSCC
+$229M
5
VICI icon
VICI Properties
VICI
+$194M

Top Sells

Rank Stock Value
1
QCOM icon
Qualcomm
QCOM
+$623M
2
NXPI icon
NXP Semiconductors
NXPI
+$321M
3
SNI
Scripps Networks Interactive, Inc Common Class A
SNI
+$161M
4
AABA
Altaba Inc
AABA
+$76.9M
5
STRP
Straight Path Communications Inc.
STRP
+$60M

Sector Composition

Rank Sector Weight
1 Miscellaneous 40.48%
2 Technology 19.02%
3 Materials 12.59%
4 Financials 7.18%
5 Communication Services 6.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MON
1
DELISTED
Monsanto Co
MON
$1.45B 10.24%
12,423,373
+3,641,595
+41% +$438M
MON
2
PUT
DELISTED
Monsanto Co
MON
$1.26B 8.93%
10,833,300
+2,532,200
+31% +$305M
NXPI icon
3
NXP Semiconductors
NXPI
$56.5B
$1.21B 8.57%
10,367,500
-2,661,900
-20% -$321M
TWX
4
PUT
DELISTED
Time Warner Inc
TWX
$909M 6.42%
9,606,400
+377,100
+4% +$35.5M
AET
5
DELISTED
Aetna Inc
AET
$817M 5.77%
4,835,000
-45,000
-0.9% -$8.09M
SPY icon
6
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$810B
$640M 4.52%
2,432,500
-2,732,400
-53% -$746M
COL
7
DELISTED
Rockwell Collins
COL
$601M 4.25%
4,460,000
+1,060,000
+31% +$145M
TWX
8
DELISTED
Time Warner Inc
TWX
$582M 4.11%
6,154,979
-460,617
-7% -$43.4M
ESRX
9
DELISTED
Express Scripts Holding Company
ESRX
$505M 3.56%
+7,305,600
New +$557M
DELL icon
10
Dell
DELL
$345B
$406M 2.87%
19,760,072
+14,669,851
+288% +$316M
AABA
11
DELISTED
Altaba Inc
AABA
$404M 2.85%
5,459,500
-1,020,500
-16% -$76.9M
NXPI icon
12
PUT
NXP Semiconductors
NXPI
$56.5B
$362M 2.55%
3,090,000
-6,457,300
-68% -$779M
QCOM icon
13
PUT
Qualcomm
QCOM
$186B
$341M 2.41%
6,151,200
-334,300
-5% -$21.3M
TRQ
14
DELISTED
Turquoise Hill Resources Ltd
TRQ
$333M 2.35%
10,851,760
+674,760
+7% +$21.3M
ESRX
15
PUT
DELISTED
Express Scripts Holding Company
ESRX
$294M 2.07%
+4,250,000
New +$324M
MSCC
16
DELISTED
Microsemi Corp
MSCC
$239M 1.69%
+3,700,000
New +$229M
AET
17
PUT
DELISTED
Aetna Inc
AET
$238M 1.68%
1,410,000
+10,000
+0.7% +$1.8M
OA
18
DELISTED
Orbital ATK, Inc.
OA
$233M 1.65%
1,760,000
+280,000
+19% +$37M
QCOM icon
19
Qualcomm
QCOM
$186B
$229M 1.62%
4,127,275
-9,783,592
-70% -$623M
TWX
20
CALL
DELISTED
Time Warner Inc
TWX
$182M 1.29%
1,925,000
-749,700
-28% -$70.7M
VICI icon
21
VICI Properties
VICI
$27.8B
$181M 1.28%
+9,900,000
New +$194M
T icon
22
CALL
AT&T
T
$175B
$174M 1.23%
6,474,360
-11,539,454
-64% -$321M
TRCO
23
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
$171M 1.21%
4,230,000
-220,113
-5% -$9.28M
ESPR
24
DELISTED
Esperion Therapeutics
ESPR
$167M 1.18%
2,310,500
+381,269
+20% +$28M
VMW
25
CALL
DELISTED
VMware, Inc
VMW
$154M 1.09%
1,268,900
+1,019,600
+409% +$128M
1
2 3 4 5

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Pentwater Capital Management's Q1 2018 Portfolio in Review

As of Q1 2018, Pentwater Capital Management held 126 positions worth $14.2B, down 5.8% from $15B the previous quarter. Its ten largest holdings account for 59% of the portfolio.

Pentwater Capital Management deployed $1.07B of net new capital in Q1 2018, opening 31 new positions and adding to 18 existing holdings. Its largest new stake was Express Scripts Holding Company: 7,305,600 shares worth $505M.

By sector, the portfolio is most concentrated in Miscellaneous at 40% of assets, down from 50% a quarter earlier, followed by Technology and Materials.

On the sell side, the largest reduction was Qualcomm, an estimated $623M trimmed.

  • Pentwater Capital Management's largest Q1 2018 buy was Express Scripts Holding Company: 7,305,600 shares worth $505M.
  • Pentwater Capital Management added most to Monsanto Co in Q1 2018, an estimated $438M increase.
  • Pentwater Capital Management's biggest Q1 2018 reduction was Qualcomm, cutting an estimated $623M.
  • Pentwater Capital Management fully exited Scripps Networks Interactive, Inc Common Class A in Q1 2018, selling an estimated $161M.
  • Pentwater Capital Management's ten largest holdings make up 59% of its $14.2B portfolio in Q1 2018.
  • Pentwater Capital Management opened 31 new positions and closed 35 in Q1 2018.
  • Pentwater Capital Management's portfolio value fell 5.8% quarter-over-quarter to $14.2B.

Based on Pentwater Capital Management's 13F filing for Q1 2018, filed 15 May 2018.