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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
+14.05%
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
$12.1B
AUM Growth
+$1.64B
Cap. Flow
+$978M
Cap. Flow %
8.07%
Top 10 Hldgs %
60.36%
Holding
446
New
110
Increased
68
Reduced
64
Closed
143

Top Buys

Rank Stock Value
1
NUAN
Nuance Communications, Inc.
NUAN
+$644M
2
PPD
PPD, Inc. Common Stock
PPD
+$547M
3
KSU
Kansas City Southern
KSU
+$446M
4
PFPT
Proofpoint, Inc.
PFPT
+$409M
5
INFO
IHS Markit Ltd. Common Shares
INFO
+$220M

Top Sells

Rank Stock Value
1
XLNX
Xilinx Inc
XLNX
+$481M
2
GWPH
GW Pharmaceuticals Plc American Depositary Shares
GWPH
+$456M
3
IPHI
INPHI CORPORATION
IPHI
+$365M
4
CLGX
Corelogic, Inc.
CLGX
+$311M
5
VAR
Varian Medical Systems, Inc.
VAR
+$268M

Sector Composition

Rank Sector Weight
1 Technology 19.76%
2 Healthcare 16.44%
3 Communication Services 8.82%
4 Industrials 6.64%
5 Consumer Discretionary 4.72%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MXIM
1
DELISTED
Maxim Integrated Products
MXIM
$1.18B 9.75%
11,218,350
+272,470
+2% +$26.7M
SPY icon
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
$932M 7.69%
2,177,500
+802,000
+58% +$335M
ALXN
3
DELISTED
Alexion Pharmaceuticals
ALXN
$906M 7.48%
4,933,200
+643,956
+15% +$111M
WORK
4
DELISTED
Slack Technologies, Inc.
WORK
$861M 7.11%
19,442,500
+3,900
+0% +$167K
INFO
5
DELISTED
IHS Markit Ltd. Common Shares
INFO
$800M 6.6%
7,100,000
+2,075,700
+41% +$220M
NUAN
6
DELISTED
Nuance Communications, Inc.
NUAN
$666M 5.49%
+12,230,000
New +$644M
KSU
7
DELISTED
Kansas City Southern
KSU
$585M 4.83%
2,065,050
+1,545,050
+297% +$446M
PPD
8
DELISTED
PPD, Inc. Common Stock
PPD
$563M 4.65%
12,220,000
+12,120,000
+12,120% +$547M
PFPT
9
DELISTED
Proofpoint, Inc.
PFPT
$438M 3.61%
+2,520,000
New +$409M
COHR
10
DELISTED
Coherent Inc
COHR
$381M 3.15%
1,443,000
+243,000
+20% +$63.9M
KSU
11
PUT
DELISTED
Kansas City Southern
KSU
$329M 2.71%
1,159,700
+920,000
+384% +$266M
TRQ
12
DELISTED
Turquoise Hill Resources Ltd
TRQ
$322M 2.65%
19,070,056
+420,018
+2% +$7.45M
XLNX
13
DELISTED
Xilinx Inc
XLNX
$298M 2.46%
2,060,000
-3,781,000
-65% -$481M
CHNG
14
DELISTED
Change Healthcare Inc. Common Stock
CHNG
$207M 1.71%
9,005,500
-494,500
-5% -$11.4M
PRAH
15
DELISTED
PRA Health Sciences, Inc.
PRAH
$205M 1.69%
1,240,000
+310,332
+33% +$51.8M
GRA
16
DELISTED
W.R. Grace & Co.
GRA
$191M 1.57%
+2,760,000
New +$186M
NUAN
17
PUT
DELISTED
Nuance Communications, Inc.
NUAN
$172M 1.42%
+3,160,000
New +$167M
QTS
18
DELISTED
QTS REALTY TRUST, INC.
QTS
$155M 1.28%
+2,000,000
New +$136M
PCG icon
19
PG&E
PCG
$47.8B
$142M 1.17%
13,964,536
-571,000
-4% -$6.13M
AMD icon
20
PUT
Advanced Micro Devices
AMD
$851B
$134M 1.1%
1,425,000
+750,000
+111% +$60.6M
ATH
21
DELISTED
Athene Holding Ltd. Class A Common Shares
ATH
$132M 1.09%
1,950,000
+15,000
+0.8% +$902K
VIPS icon
22
Vipshop
VIPS
$6.84B
$122M 1.01%
6,095,000
+4,660,000
+325% +$117M
BABA icon
23
Alibaba
BABA
$269B
$104M 0.86%
458,500
+108,017
+31% +$24M
AON icon
24
Aon
AON
$77.3B
$95.8M 0.79%
+401,388
New +$98.1M
BIDU icon
25
Baidu
BIDU
$35.8B
$80.5M 0.66%
395,000
+180,000
+84% +$36M
1
2 3 4 5

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A
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LF
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Select Equity Group
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MIM
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Pentwater Capital Management's Q2 2021 Portfolio in Review

As of Q2 2021, Pentwater Capital Management held 446 positions worth $12.1B, up 16% from $10.5B the previous quarter. Its ten largest holdings account for 60% of the portfolio.

Pentwater Capital Management deployed $978M of net new capital in Q2 2021, opening 110 new positions and adding to 68 existing holdings. Its largest new stake was Nuance Communications, Inc.: 12,230,000 shares worth $666M.

By sector, the portfolio is most concentrated in Technology at 20% of assets, up from 14% a quarter earlier, followed by Healthcare and Communication Services.

On the sell side, the largest reduction was Xilinx Inc, an estimated $481M trimmed.

  • Pentwater Capital Management's largest Q2 2021 buy was Nuance Communications, Inc.: 12,230,000 shares worth $666M.
  • Pentwater Capital Management added most to PPD, Inc. Common Stock in Q2 2021, an estimated $547M increase.
  • Pentwater Capital Management's biggest Q2 2021 reduction was Xilinx Inc, cutting an estimated $481M.
  • Pentwater Capital Management fully exited GW Pharmaceuticals Plc American Depositary Shares in Q2 2021, selling an estimated $456M.
  • Pentwater Capital Management's ten largest holdings make up 60% of its $12.1B portfolio in Q2 2021.
  • Pentwater Capital Management opened 110 new positions and closed 143 in Q2 2021.
  • Pentwater Capital Management's portfolio value rose 16% quarter-over-quarter to $12.1B.

Based on Pentwater Capital Management's 13F filing for Q2 2021, filed 16 Aug 2021.