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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
+2.46%
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
$11.8B
AUM Growth
-$1.87B
Cap. Flow
-$225M
Cap. Flow %
-1.91%
Top 10 Hldgs %
76.47%
Holding
175
New
55
Increased
31
Reduced
42
Closed
30

Top Buys

Rank Stock Value
1
AET
Aetna Inc
AET
+$615M
2
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
+$156M
3
ESRX
Express Scripts Holding Company
ESRX
+$138M
4
FTV icon
Fortive
FTV
+$121M
5
IDTI
Integrated Device Technology I
IDTI
+$118M

Top Sells

Rank Stock Value
1
AABA
Altaba Inc
AABA
+$969M
2
DELL icon
Dell
DELL
+$219M
3
TRCO
TRIBUNE MEDIA COMPANY CLASS A
TRCO
+$150M
4
XL
XL Group Ltd.
XL
+$117M
5
ILG
ILG, Inc Common Stock
ILG
+$96.4M

Sector Composition

Rank Sector Weight
1 Miscellaneous 43.87%
2 Technology 13.36%
3 Financials 12.76%
4 Healthcare 11.69%
5 Communication Services 7.32%
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
$1.62B 13.73%
5,581,300
+2,021,300
+57% +$576M
AET
2
DELISTED
Aetna Inc
AET
$1.41B 11.92%
6,944,999
+3,144,999
+83% +$615M
NXPI icon
3
NXP Semiconductors
NXPI
$56.5B
$1.18B 10.02%
13,852,300
+1,044,300
+8% +$100M
ESRX
4
DELISTED
Express Scripts Holding Company
ESRX
$1.07B 9.07%
11,280,000
+1,620,000
+17% +$138M
ESRX
5
PUT
DELISTED
Express Scripts Holding Company
ESRX
$936M 7.92%
9,849,300
+2,229,300
+29% +$190M
NXPI icon
6
PUT
NXP Semiconductors
NXPI
$56.5B
$820M 6.94%
9,595,300
-5,240,500
-35% -$503M
COL
7
DELISTED
Rockwell Collins
COL
$619M 5.24%
4,405,000
+565,000
+15% +$77.8M
TFCF
8
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
$536M 4.54%
11,704,732
+196,191
+2% +$8.9M
TFCFA
9
PUT
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$518M 4.39%
11,188,700
+413,700
+4% +$19M
TFCFA
10
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
$319M 2.7%
6,890,169
+3,403,905
+98% +$156M
TRQ
11
DELISTED
Turquoise Hill Resources Ltd
TRQ
$273M 2.31%
12,857,256
+2,498,576
+24% +$62.4M
AET
12
PUT
DELISTED
Aetna Inc
AET
$265M 2.24%
1,304,500
– –
COL
13
PUT
DELISTED
Rockwell Collins
COL
$211M 1.78%
+1,500,000
New +$207M
SHPG
14
DELISTED
Shire pic
SHPG
$181M 1.53%
996,000
+91,000
+10% +$15.7M
IDTI
15
DELISTED
Integrated Device Technology I
IDTI
$143M 1.21%
+3,050,000
New +$118M
FTV icon
16
Fortive
FTV
$17.1B
$125M 1.06%
+2,354,861
New +$121M
ESPR
17
DELISTED
Esperion Therapeutics
ESPR
$104M 0.88%
2,351,500
-112,500
-5% -$5.16M
QQQ icon
18
PUT
Invesco QQQ Trust
QQQ
$490B
$100M 0.85%
540,000
+40,000
+8% +$7.24M
VICI icon
19
VICI Properties
VICI
$27.8B
$95.1M 0.81%
4,400,000
-2,627,027
-37% -$54.5M
DELL icon
20
PUT
Dell
DELL
$345B
$82.4M 0.7%
3,023,051
+885,108
+41% +$23.6M
SYF icon
21
CALL
Synchrony
SYF
$25.6B
$78.3M 0.66%
2,520,600
+158,900
+7% +$5.06M
AVA icon
22
Avista
AVA
$3.15B
$69.2M 0.59%
1,367,721
+372,021
+37% +$19M
SYF icon
23
Synchrony
SYF
$25.6B
$65.2M 0.55%
2,098,155
+15,606
+0.7% +$497K
DIS icon
24
PUT
Walt Disney
DIS
$181B
$63.7M 0.54%
545,000
-205,000
-27% -$22.8M
VMW
25
CALL
DELISTED
VMware, Inc
VMW
$58.5M 0.5%
375,000
-400,000
-52% -$61.2M
1
2 3 4 5

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PAM
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Pentwater Capital Management's Q3 2018 Portfolio in Review

As of Q3 2018, Pentwater Capital Management held 175 positions worth $11.8B, down 14% from $13.7B the previous quarter. Its ten largest holdings account for 76% of the portfolio.

Pentwater Capital Management's Q3 2018 filing shows 55 new, 31 increased, 42 reduced and 30 closed positions. Its largest new stake was Fortive: 2,354,861 shares worth $125M. The largest sale was Altaba Inc, an estimated $969M.

By sector, the portfolio is most concentrated in Miscellaneous at 44% of assets, down from 50% a quarter earlier, followed by Technology and Financials.

  • Pentwater Capital Management's largest Q3 2018 buy was Fortive: 2,354,861 shares worth $125M.
  • Pentwater Capital Management added most to Aetna Inc in Q3 2018, an estimated $615M increase.
  • Pentwater Capital Management's biggest Q3 2018 reduction was Dell, cutting an estimated $219M.
  • Pentwater Capital Management fully exited Altaba Inc in Q3 2018, selling an estimated $969M.
  • Pentwater Capital Management's ten largest holdings make up 76% of its $11.8B portfolio in Q3 2018.
  • Pentwater Capital Management opened 55 new positions and closed 30 in Q3 2018.
  • Pentwater Capital Management's portfolio value fell 14% quarter-over-quarter to $11.8B.

Based on Pentwater Capital Management's 13F filing for Q3 2018, filed 14 Nov 2018.