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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
+19.35%
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
$7.73B
AUM Growth
+$2.12B
Cap. Flow
+$1.68B
Cap. Flow %
21.74%
Top 10 Hldgs %
62.44%
Holding
254
New
94
Increased
43
Reduced
43
Closed
35

Top Buys

Rank Stock Value
1
MXIM
Maxim Integrated Products
MXIM
+$480M
2
IMMU
Immunomedics Inc
IMMU
+$198M
3
GRUB
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
+$156M
4
CLGX
Corelogic, Inc.
CLGX
+$156M
5
TIF
Tiffany & Co.
TIF
+$142M

Top Sells

Rank Stock Value
1
WUBA
58.com Inc
WUBA
+$267M
2
LM
Legg Mason, Inc.
LM
+$164M
3
CZR
Caesars Entertainment Corporation
CZR
+$148M
4
AMTD
TD Ameritrade Holding Corp
AMTD
+$47.6M
5
BMY.RT
Bristol-Myers Squibb Company Contingent Value Rights
BMY.RT
+$44.2M

Sector Composition

Rank Sector Weight
1 Financials 5.26%
2 Healthcare 4.58%
3 Industrials 4.51%
4 Utilities 3.83%
5 Consumer Discretionary 2.81%
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
$781B
$1.9B 24.59%
5,677,400
+337,900
+6% +$112M
TIF
2
DELISTED
Tiffany & Co.
TIF
$512M 6.63%
4,423,600
+1,168,500
+36% +$142M
SPY icon
3
State Street SPDR S&P 500 ETF Trust
SPY
$781B
$494M 6.38%
1,473,650
+364,650
+33% +$121M
MXIM
4
DELISTED
Maxim Integrated Products
MXIM
$480M 6.2%
+7,093,000
New +$480M
IMMU
5
DELISTED
Immunomedics Inc
IMMU
$333M 4.31%
+3,920,000
New +$198M
TIF
6
PUT
DELISTED
Tiffany & Co.
TIF
$306M 3.96%
2,640,200
+989,900
+60% +$120M
PCG icon
7
PG&E
PCG
$47.1B
$296M 3.83%
31,522,936
-1,162,513
-4% -$10.8M
GRUB
8
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
$182M 2.35%
1,255,000
+1,082,265
+627% +$156M
TCO
9
DELISTED
Taubman Centers Inc.
TCO
$167M 2.16%
5,010,980
+1,366,700
+38% +$51M
AMTD
10
DELISTED
TD Ameritrade Holding Corp
AMTD
$159M 2.05%
4,049,500
-1,263,940
-24% -$47.6M
TRQ
11
DELISTED
Turquoise Hill Resources Ltd
TRQ
$157M 2.03%
18,575,659
+35,600
+0.2% +$317K
CLGX
12
DELISTED
Corelogic, Inc.
CLGX
$157M 2.03%
+2,314,203
New +$156M
VAR
13
DELISTED
Varian Medical Systems, Inc.
VAR
$138M 1.78%
+800,000
New +$126M
MNTA
14
DELISTED
Momenta Pharmaceuticals, Inc.
MNTA
$123M 1.59%
+2,348,200
New +$97.2M
TCO
15
PUT
DELISTED
Taubman Centers Inc.
TCO
$107M 1.39%
3,220,000
+2,275,000
+241% +$84.9M
VICI icon
16
VICI Properties
VICI
$29.5B
$106M 1.38%
4,555,000
-402,371
-8% -$9.03M
ADSW
17
DELISTED
Advanced Disposal Services Inc
ADSW
$99.8M 1.29%
3,300,560
+953,718
+41% +$28.7M
ACIA
18
DELISTED
Acacia Communications Inc
ACIA
$98.8M 1.28%
1,465,333
-77,667
-5% -$5.27M
AIMT
19
DELISTED
Aimmune Therapeutics
AIMT
$86.2M 1.11%
+2,501,200
New +$53.3M
BMY.RT
20
DELISTED
Bristol-Myers Squibb Company Contingent Value Rights
BMY.RT
$85.7M 1.11%
38,066,812
-15,478,000
-29% -$44.2M
SYF icon
21
Synchrony
SYF
$24.3B
$83.9M 1.08%
3,204,362
+9,000
+0.3% +$219K
ESPR
22
DELISTED
Esperion Therapeutics
ESPR
$80.6M 1.04%
2,169,022
-73,500
-3% -$2.91M
DRI icon
23
Darden Restaurants
DRI
$23.4B
$68.1M 0.88%
675,600
+289,600
+75% +$24.1M
ETFC
24
DELISTED
E*Trade Financial Corporation
ETFC
$65.1M 0.84%
1,300,300
+679,034
+109% +$35.4M
TMUS icon
25
PUT
T-Mobile US
TMUS
$193B
$62.9M 0.81%
550,000
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1
2 3 4 5

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Pentwater Capital Management's Q3 2020 Portfolio in Review

As of Q3 2020, Pentwater Capital Management held 254 positions worth $7.73B, up 38% from $5.62B the previous quarter. Its ten largest holdings account for 62% of the portfolio.

Pentwater Capital Management deployed $1.68B of net new capital in Q3 2020, opening 94 new positions and adding to 43 existing holdings. Its largest new stake was Maxim Integrated Products: 7,093,000 shares worth $480M.

By sector, the portfolio is most concentrated in Financials at 5.3% of assets, down from 8.6% a quarter earlier, followed by Healthcare and Industrials.

On the sell side, the largest reduction was TD Ameritrade Holding Corp, an estimated $47.6M trimmed.

  • Pentwater Capital Management's largest Q3 2020 buy was Maxim Integrated Products: 7,093,000 shares worth $480M.
  • Pentwater Capital Management added most to Just Eat Takeaway.com N.V. American Depositary Shares in Q3 2020, an estimated $156M increase.
  • Pentwater Capital Management's biggest Q3 2020 reduction was TD Ameritrade Holding Corp, cutting an estimated $47.6M.
  • Pentwater Capital Management fully exited 58.com Inc in Q3 2020, selling an estimated $267M.
  • Pentwater Capital Management's ten largest holdings make up 62% of its $7.73B portfolio in Q3 2020.
  • Pentwater Capital Management opened 94 new positions and closed 35 in Q3 2020.
  • Pentwater Capital Management's portfolio value rose 38% quarter-over-quarter to $7.73B.

Based on Pentwater Capital Management's 13F filing for Q3 2020, filed 16 Nov 2020.