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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
+28.06%
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
$8.28B
AUM Growth
+$544M
Cap. Flow
+$668M
Cap. Flow %
8.08%
Top 10 Hldgs %
64.5%
Holding
301
New
80
Increased
38
Reduced
62
Closed
67

Top Buys

Rank Stock Value
1
WORK
Slack Technologies, Inc.
WORK
+$612M
2
XLNX
Xilinx Inc
XLNX
+$523M
3
ALXN
Alexion Pharmaceuticals
ALXN
+$380M
4
INFO
IHS Markit Ltd. Common Shares
INFO
+$271M
5
IPHI
INPHI CORPORATION
IPHI
+$171M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$448M
2
IMMU
Immunomedics Inc
IMMU
+$333M
3
TCO
Taubman Centers Inc.
TCO
+$167M
4
PCG icon
PG&E
PCG
+$160M
5
AMTD
TD Ameritrade Holding Corp
AMTD
+$159M

Sector Composition

Rank Sector Weight
1 Technology 32.77%
2 Miscellaneous 23.6%
3 Healthcare 12.07%
4 Consumer Discretionary 9.8%
5 Materials 5.96%
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
$799B
$884M 10.68%
2,363,700
-3,313,700
-58% -$1.18B
MXIM
2
DELISTED
Maxim Integrated Products
MXIM
$798M 9.64%
9,000,000
+1,907,000
+27% +$150M
WORK
3
DELISTED
Slack Technologies, Inc.
WORK
$765M 9.24%
+18,106,000
New +$612M
TIF
4
DELISTED
Tiffany & Co.
TIF
$704M 8.51%
5,356,700
+933,100
+21% +$119M
XLNX
5
DELISTED
Xilinx Inc
XLNX
$571M 6.89%
+4,025,000
New +$523M
ALXN
6
DELISTED
Alexion Pharmaceuticals
ALXN
$463M 5.59%
+2,961,000
New +$380M
TIF
7
PUT
DELISTED
Tiffany & Co.
TIF
$335M 4.05%
2,550,000
-90,200
-3% -$11.5M
GRUB
8
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
$296M 3.58%
1,992,500
+737,500
+59% +$109M
INFO
9
DELISTED
IHS Markit Ltd. Common Shares
INFO
$281M 3.4%
+3,130,000
New +$271M
VAR
10
DELISTED
Varian Medical Systems, Inc.
VAR
$242M 2.93%
1,385,000
+585,000
+73% +$101M
TRQ
11
DELISTED
Turquoise Hill Resources Ltd
TRQ
$232M 2.8%
18,665,658
+89,999
+0.5% +$872K
PCG icon
12
PG&E
PCG
$29B
$216M 2.61%
17,354,336
-14,168,600
-45% -$160M
IPHI
13
DELISTED
INPHI CORPORATION
IPHI
$196M 2.36%
+1,219,000
New +$171M
DD icon
14
DuPont de Nemours
DD
$17.3B
$170M 2.05%
1,899,652
+1,891,685
+23,744% +$149M
CBPO
15
DELISTED
China Biologic Products Holdings, Inc.
CBPO
$139M 1.68%
1,178,000
+713,872
+154% +$82.9M
CLGX
16
DELISTED
Corelogic, Inc.
CLGX
$132M 1.59%
1,704,000
-610,203
-26% -$45.7M
IFF icon
17
International Flavors & Fragrances
IFF
$21.5B
$92M 1.11%
+844,850
New +$94.8M
EV
18
DELISTED
Eaton Vance Corp.
EV
$91.7M 1.11%
+1,350,000
New +$84.3M
VICI icon
19
VICI Properties
VICI
$27.3B
$86.3M 1.04%
3,384,500
-1,170,500
-26% -$29.1M
SPY icon
20
State Street SPDR S&P 500 ETF Trust
SPY
$799B
$79.3M 0.96%
212,209
-1,261,441
-86% -$448M
TMUS icon
21
PUT
T-Mobile US
TMUS
$194B
$74.2M 0.9%
550,000
– –
MRVL icon
22
CALL
Marvell Technology
MRVL
$199B
$72.7M 0.88%
+1,530,000
New +$66.2M
SYF icon
23
PUT
Synchrony
SYF
$24.7B
$63.2M 0.76%
1,820,000
– –
DIS icon
24
CALL
Walt Disney
DIS
$184B
$58.8M 0.71%
324,300
-143,200
-31% -$20.6M
SYF icon
25
Synchrony
SYF
$24.7B
$57.1M 0.69%
1,645,904
-1,558,458
-49% -$46.8M
1
2 3 4 5

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Pentwater Capital Management's Q4 2020 Portfolio in Review

As of Q4 2020, Pentwater Capital Management held 301 positions worth $8.28B, up 7% from $7.73B the previous quarter. Its ten largest holdings account for 64% of the portfolio.

Pentwater Capital Management deployed $668M of net new capital in Q4 2020, opening 80 new positions and adding to 38 existing holdings. Its largest new stake was Slack Technologies, Inc.: 18,106,000 shares worth $765M.

By sector, the portfolio is most concentrated in Technology at 33% of assets, up from 12% a quarter earlier, followed by Miscellaneous and Healthcare.

On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $448M trimmed.

  • Pentwater Capital Management's largest Q4 2020 buy was Slack Technologies, Inc.: 18,106,000 shares worth $765M.
  • Pentwater Capital Management added most to Maxim Integrated Products in Q4 2020, an estimated $150M increase.
  • Pentwater Capital Management's biggest Q4 2020 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $448M.
  • Pentwater Capital Management fully exited Immunomedics Inc in Q4 2020, selling an estimated $333M.
  • Pentwater Capital Management's ten largest holdings make up 64% of its $8.28B portfolio in Q4 2020.
  • Pentwater Capital Management opened 80 new positions and closed 67 in Q4 2020.
  • Pentwater Capital Management's portfolio value rose 7% quarter-over-quarter to $8.28B.

Based on Pentwater Capital Management's 13F filing for Q4 2020, filed 16 Feb 2021.