We are live on
!
Find out more
PCM
Pentwater Capital Management Portfolio holdings
AUM
$19.3B
1-Year Est. Return
58.13%
This Fund
S&P 500
This Quarter
Est. Return
-4.91%
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
$11.7B
AUM Growth
-$123M
(-1%)
Cap. Flow
+$901M
Cap. Flow
% of AUM
7.71%
Top 10 Holdings %
Top 10 Hldgs %
77.41%
Holding
194
New
48
Increased
39
Reduced
30
Closed
57
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$1.49B |
| 2 |
RHT
Red Hat Inc
RHT
|
+$218M |
| 3 |
ATHN
Athenahealth, Inc.
ATHN
|
+$180M |
| 4 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$178M |
| 5 |
ARRS
ARRIS International plc Ordinary Shares
ARRS
|
+$132M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AET
Aetna Inc
AET
|
+$1.41B |
| 2 |
ESRX
Express Scripts Holding Company
ESRX
|
+$1.07B |
| 3 |
COL
Rockwell Collins
COL
|
+$619M |
| 4 |
NXP Semiconductors
NXPI
|
+$263M |
| 5 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$197M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 10.15% |
| 2 | Technology | 7.69% |
| 3 | Materials | 2.92% |
| 4 | Healthcare | 2.64% |
| 5 | Industrials | 2.21% |
| 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
| $2.39B | 20.45% |
9,570,000
+3,988,700
| +71% | +$1.08B |
|
2
PUT
Cigna
CI
$76.6B
| $1.93B | 16.47% |
+10,138,800
| New | +$2.12B |
|
|
3
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $1.38B | 11.78% |
5,513,000
+5,508,000
| +110,160% | +$1.49B |
|
|
4
NXP Semiconductors
NXPI
$68B
| $772M | 6.6% |
10,529,100
-3,323,200
| -24% | -$263M |
|
|
TFCFA
5
PUT
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $651M | 5.56% |
13,520,100
+2,331,400
| +21% | +$111M |
|
|
6
PUT
NXP Semiconductors
NXPI
$68B
| $530M | 4.53% |
7,235,400
-2,359,900
| -25% | -$187M |
|
|
TFCFA
7
DELISTED
Twenty-First Century Fox, Inc. Class A
TFCFA
| $512M | 4.38% |
10,646,769
+3,756,600
| +55% | +$178M |
|
|
TFCF
8
DELISTED
Twenty-First Century Fox, Inc. Class B
TFCF
| $359M | 3.07% |
7,522,132
-4,182,600
| -36% | -$197M |
|
9
PUT
RTX Corp
RTX
$287B
| $282M | 2.41% |
4,211,009
+4,036,219
| +2,309% | +$317M |
|
|
TRQ
10
DELISTED
Turquoise Hill Resources Ltd
TRQ
| $252M | 2.15% |
15,243,081
+2,385,825
| +19% | +$43M |
|
|
RHT
11
DELISTED
Red Hat Inc
RHT
| $241M | 2.06% |
+1,373,000
| New | +$218M |
|
|
ATHN
12
DELISTED
Athenahealth, Inc.
ATHN
| $201M | 1.71% |
1,520,000
+1,405,000
| +1,222% | +$180M |
|
|
13
CALL
NXP Semiconductors
NXPI
$68B
| $169M | 1.45% |
2,310,000
+1,960,000
| +560% | +$155M |
|
|
IDTI
14
DELISTED
Integrated Device Technology I
IDTI
| $161M | 1.37% |
3,320,000
+270,000
| +9% | +$12.8M |
|
|
ARRS
15
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $146M | 1.25% |
+4,765,000
| New | +$132M |
|
|
ESPR
16
DELISTED
Esperion Therapeutics
ESPR
| $114M | 0.98% |
2,487,300
+135,800
| +6% | +$6.54M |
|
17
VICI Properties
VICI
$29.4B
| $103M | 0.88% |
5,500,000
+1,100,000
| +25% | +$23.1M |
|
|
USG
18
DELISTED
Usg
USG
| $90.4M | 0.77% |
2,120,000
+1,840,000
| +657% | +$78.7M |
|
19
Dell
DELL
$283B
| $83.9M | 0.72% |
3,387,834
+2,069,436
| +157% | +$56.7M |
|
|
RHT
20
PUT
DELISTED
Red Hat Inc
RHT
| $73.8M | 0.63% |
+420,000
| New | +$66.6M |
|
21
PUT
Invesco QQQ Trust
QQQ
$455B
| $71.7M | 0.61% |
465,000
-75,000
| -14% | -$12.5M |
|
|
TSRO
22
DELISTED
TESARO, Inc.
TSRO
| $68.3M | 0.58% |
+920,000
| New | +$44.2M |
|
|
TRCO
23
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $66.6M | 0.57% |
1,466,800
+1,346,800
| +1,122% | +$54.5M |
|
24
PUT
Walt Disney
DIS
$165B
| $59.8M | 0.51% |
545,000
| – | – |
|
25
CALL
Synchrony
SYF
$23.7B
| $57.4M | 0.49% |
2,448,100
-72,500
| -3% | -$1.96M |
|
Similar funds
CS
MGP
A
LF
MIM
SPIA
SOMRS
Pentwater Capital Management's Q4 2018 Portfolio in Review
As of Q4 2018, Pentwater Capital Management held 194 positions worth $11.7B, down 1% from $11.8B the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Pentwater Capital Management deployed $901M of net new capital in Q4 2018, opening 48 new positions and adding to 39 existing holdings. Its largest new stake was Red Hat Inc: 1,373,000 shares worth $241M.
By sector, the portfolio is most concentrated in Communication Services at 10% of assets, up from 7.3% a quarter earlier, followed by Technology and Materials.
On the sell side, the largest reduction was NXP Semiconductors, an estimated $263M trimmed.
- Pentwater Capital Management's largest Q4 2018 buy was Red Hat Inc: 1,373,000 shares worth $241M.
- Pentwater Capital Management added most to State Street SPDR S&P 500 ETF Trust in Q4 2018, an estimated $1.49B increase.
- Pentwater Capital Management's biggest Q4 2018 reduction was NXP Semiconductors, cutting an estimated $263M.
- Pentwater Capital Management fully exited Aetna Inc in Q4 2018, selling an estimated $1.41B.
- Pentwater Capital Management's ten largest holdings make up 77% of its $11.7B portfolio in Q4 2018.
- Pentwater Capital Management opened 48 new positions and closed 57 in Q4 2018.
- Pentwater Capital Management's portfolio value fell 1% quarter-over-quarter to $11.7B.
Based on Pentwater Capital Management's 13F filing for Q4 2018, filed 14 Feb 2019.