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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
+5.05%
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
$13.7B
AUM Growth
-$475M
Cap. Flow
-$827M
Cap. Flow %
-6.05%
Top 10 Hldgs %
63.23%
Holding
144
New
53
Increased
24
Reduced
28
Closed
24

Top Buys

Rank Stock Value
1
AABA
Altaba Inc
AABA
+$583M
2
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
+$309M
3
NXPI icon
NXP Semiconductors
NXPI
+$269M
4
ESRX
Express Scripts Holding Company
ESRX
+$177M
5
SHPG
Shire pic
SHPG
+$146M

Top Sells

Rank Stock Value
1
MON
Monsanto Co
MON
+$1.45B
2
TWX
Time Warner Inc
TWX
+$582M
3
MSCC
Microsemi Corp
MSCC
+$239M
4
OA
Orbital ATK, Inc.
OA
+$233M
5
QCOM icon
Qualcomm
QCOM
+$230M

Sector Composition

Rank Sector Weight
1 Technology 19.61%
2 Healthcare 7.44%
3 Communication Services 6.87%
4 Financials 6.52%
5 Materials 2.24%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NXPI icon
1
PUT
NXP Semiconductors
NXPI
$68B
$1.62B 11.85%
14,835,800
+11,745,800
+380% +$1.29B
NXPI icon
2
NXP Semiconductors
NXPI
$68B
$1.4B 10.23%
12,808,000
+2,440,500
+24% +$269M
AABA
3
DELISTED
Altaba Inc
AABA
$969M 7.08%
13,242,400
+7,782,900
+143% +$583M
SPY icon
4
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
$966M 7.06%
3,560,000
+1,127,500
+46% +$304M
ESRX
5
DELISTED
Express Scripts Holding Company
ESRX
$746M 5.45%
9,660,000
+2,354,400
+32% +$177M
AET
6
DELISTED
Aetna Inc
AET
$697M 5.1%
3,800,000
-1,035,000
-21% -$184M
ESRX
7
PUT
DELISTED
Express Scripts Holding Company
ESRX
$588M 4.3%
7,620,000
+3,370,000
+79% +$253M
TFCF
8
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
$567M 4.14%
11,508,541
+7,910,137
+220% +$309M
T icon
9
PUT
AT&T
T
$165B
$563M 4.11%
23,197,274
+18,404,394
+384% +$462M
TFCFA
10
PUT
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$535M 3.91%
10,775,000
+9,050,000
+525% +$358M
COL
11
DELISTED
Rockwell Collins
COL
$517M 3.78%
3,840,000
-620,000
-14% -$83.9M
T icon
12
CALL
AT&T
T
$165B
$484M 3.53%
19,941,029
+13,466,669
+208% +$338M
AABA
13
PUT
DELISTED
Altaba Inc
AABA
$420M 3.07%
+5,735,000
New +$429M
TRQ
14
DELISTED
Turquoise Hill Resources Ltd
TRQ
$294M 2.15%
10,358,680
-493,080
-5% -$14.4M
AET
15
PUT
DELISTED
Aetna Inc
AET
$239M 1.75%
1,304,500
-105,500
-7% -$18.8M
DELL icon
16
Dell
DELL
$283B
$227M 1.66%
9,544,268
-10,215,804
-52% -$226M
DIS icon
17
CALL
Walt Disney
DIS
$165B
$198M 1.45%
1,890,400
+1,865,400
+7,462% +$191M
TFCFA
18
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$173M 1.27%
3,486,264
+3,010,667
+633% +$119M
TRCO
19
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
$164M 1.2%
4,290,000
+60,000
+1% +$2.27M
SHPG
20
DELISTED
Shire pic
SHPG
$153M 1.12%
+905,000
New +$146M
VICI icon
21
VICI Properties
VICI
$29.4B
$145M 1.06%
7,027,027
-2,872,973
-29% -$55.4M
XL
22
DELISTED
XL Group Ltd.
XL
$117M 0.86%
2,100,000
+100,000
+5% +$5.57M
VMW
23
CALL
DELISTED
VMware, Inc
VMW
$114M 0.83%
775,000
-493,900
-39% -$68.1M
ESPR
24
DELISTED
Esperion Therapeutics
ESPR
$96.6M 0.71%
2,464,000
+153,500
+7% +$7.76M
ILG
25
DELISTED
ILG, Inc Common Stock
ILG
$96.4M 0.7%
2,917,884
-672,116
-19% -$22.4M
1
2 3 4 5

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CS
Candriam SCA Strassen, Luxembourg, Luxembourg $19.3B AUM 39.18% 1-Year Est. Return
MGP
M&G plc London, United Kingdom $19.4B AUM 16.7% 1-Year Est. Return
A
AustralianSuper Melbourne, Australia $19.2B AUM 31.95% 1-Year Est. Return
LF
Lansforsakringar Fondforvaltning Stockholm, Sweden $19.1B AUM 26.9% 1-Year Est. Return
Select Equity Group
Select Equity Group New York $19.5B AUM 17.33% 1-Year Est. Return
MIM
MetLife Investment Management Whippany, New Jersey $19.6B AUM 32.64% 1-Year Est. Return
SPIA
Steward Partners Investment Advisory New York $19.6B AUM 22.89% 1-Year Est. Return
SOMRS
State of Michigan Retirement System Lansing, Michigan $18.9B AUM 27.96% 1-Year Est. Return

Pentwater Capital Management's Q2 2018 Portfolio in Review

As of Q2 2018, Pentwater Capital Management held 144 positions worth $13.7B, down 3.4% from $14.2B the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Pentwater Capital Management withdrew a net $827M in Q2 2018, closing 24 positions and reducing 28 holdings. Its most notable exit was Monsanto Co, an estimated $1.45B position sold in full.

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

Against the trend, Pentwater Capital Management opened a new position in Shire pic worth $153M.

  • Pentwater Capital Management's largest Q2 2018 buy was Shire pic: 905,000 shares worth $153M.
  • Pentwater Capital Management added most to Altaba Inc in Q2 2018, an estimated $583M increase.
  • Pentwater Capital Management's biggest Q2 2018 reduction was Dell, cutting an estimated $226M.
  • Pentwater Capital Management fully exited Monsanto Co in Q2 2018, selling an estimated $1.45B.
  • Pentwater Capital Management's ten largest holdings make up 63% of its $13.7B portfolio in Q2 2018.
  • Pentwater Capital Management opened 53 new positions and closed 24 in Q2 2018.
  • Pentwater Capital Management's portfolio value fell 3.4% quarter-over-quarter to $13.7B.

Based on Pentwater Capital Management's 13F filing for Q2 2018, filed 14 Aug 2018.