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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
+1.02%
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
$14.5B
AUM Growth
+$4.14B
(+40%)
Cap. Flow
+$4.1B
Cap. Flow
% of AUM
28.31%
Top 10 Holdings %
Top 10 Hldgs %
74.96%
Holding
177
New
34
Increased
36
Reduced
37
Closed
49
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
SGEN
Seagen Inc. Common Stock
SGEN
|
+$1.56B |
| 2 |
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
|
+$699M |
| 3 |
ATVI
Activision Blizzard
ATVI
|
+$475M |
| 4 |
TRTN
Triton International Limited
TRTN
|
+$146M |
| 5 |
NATI
National Instruments Corp
NATI
|
+$117M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SJR
Shaw Communications Inc.
SJR
|
+$319M |
| 2 |
AQUA
Evoqua Water Technologies Corp. Common Stock
AQUA
|
+$184M |
| 3 |
OSH
Oak Street Health, Inc.
OSH
|
+$161M |
| 4 |
XM
Qualtrics International Inc. Class A Common Stock
XM
|
+$84.9M |
| 5 |
Spectrum Brands
SPB
|
+$83.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 23.5% |
| 2 | Technology | 18.69% |
| 3 | Industrials | 4.77% |
| 4 | Materials | 2.34% |
| 5 | Real Estate | 1.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
SGEN
1
DELISTED
Seagen Inc. Common Stock
SGEN
| $1.85B | 12.81% |
9,629,500
+7,874,500
| +449% | +$1.56B |
|
|
ATVI
2
DELISTED
Activision Blizzard
ATVI
| $1.79B | 12.38% |
21,262,500
+5,872,500
| +38% | +$475M |
|
|
ATVI
3
PUT
DELISTED
Activision Blizzard
ATVI
| $1.78B | 12.3% |
21,116,300
-2,323,700
| -10% | -$188M |
|
|
HZNP
4
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $1.31B | 9.04% |
12,726,900
+6,626,900
| +109% | +$699M |
|
|
SGEN
5
PUT
DELISTED
Seagen Inc. Common Stock
SGEN
| $1.08B | 7.49% |
5,634,900
+4,589,900
| +439% | +$912M |
|
|
HZNP
6
PUT
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
| $1.02B | 7.04% |
9,900,000
+8,500,000
| +607% | +$897M |
|
7
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $856M | 5.92% |
1,932,100
+976,600
| +102% | +$410M |
|
|
NATI
8
DELISTED
National Instruments Corp
NATI
| $393M | 2.72% |
6,850,000
+2,050,000
| +43% | +$117M |
|
|
VMW
9
DELISTED
VMware, Inc
VMW
| $382M | 2.64% |
2,660,000
+190,000
| +8% | +$24.7M |
|
|
VMW
10
PUT
DELISTED
VMware, Inc
VMW
| $379M | 2.62% |
2,636,700
+835,000
| +46% | +$108M |
|
11
PUT
Broadcom
AVGO
$1.82T
| $272M | 1.88% |
3,140,000
+1,414,000
| +82% | +$101M |
|
|
UNVR
12
DELISTED
Univar Solutions Inc.
UNVR
| $203M | 1.41% |
5,675,000
-75,000
| -1% | -$2.66M |
|
|
AJRD
13
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $198M | 1.36% |
3,600,000
+425,000
| +13% | +$23.6M |
|
|
DEN
14
DELISTED
Denbury Inc.
DEN
| $155M | 1.07% |
1,795,000
-640,000
| -26% | -$58M |
|
|
TRTN
15
DELISTED
Triton International Limited
TRTN
| $150M | 1.04% |
+1,803,500
| New | +$146M |
|
|
ATVI
16
CALL
DELISTED
Activision Blizzard
ATVI
| $128M | 0.88% |
1,515,600
-47,900
| -3% | -$3.88M |
|
|
LSI
17
DELISTED
Life Storage, Inc.
LSI
| $115M | 0.8% |
865,802
+675,802
| +356% | +$89.9M |
|
|
ARNC
18
DELISTED
Arconic Corporation
ARNC
| $110M | 0.76% |
3,720,000
+2,630,000
| +241% | +$72.6M |
|
19
Boeing
BA
$165B
| $101M | 0.69% |
476,000
-146,500
| -24% | -$30.4M |
|
20
PUT
Teck Resources
TECK
$29.5B
| $91.8M | 0.63% |
+2,180,000
| New | +$93.7M |
|
|
21
State Street SPDR S&P 500 ETF Trust
SPY
$778B
| $86.5M | 0.6% |
195,038
+55,000
| +39% | +$23.1M |
|
|
FOCS
22
DELISTED
Focus Financial Partners Inc. Class A
FOCS
| $85.9M | 0.59% |
1,636,360
+363,114
| +29% | +$18.9M |
|
|
23
PUT
Boeing
BA
$165B
| $84.5M | 0.58% |
400,000
+182,500
| +84% | +$37.9M |
|
|
SYNH
24
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| $83M | 0.57% |
1,970,000
+1,880,795
| +2,108% | +$76M |
|
25
PUT
AMC Entertainment Holdings
AMC
$2.03B
| $82.9M | 0.57% |
1,884,710
-379,260
| -17% | -$18.7M |
|
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Pentwater Capital Management's Q2 2023 Portfolio in Review
As of Q2 2023, Pentwater Capital Management held 177 positions worth $14.5B, up 40% from $10.3B the previous quarter. Its ten largest holdings account for 75% of the portfolio.
Pentwater Capital Management deployed $4.1B of net new capital in Q2 2023, opening 34 new positions and adding to 36 existing holdings. Its largest new stake was Triton International Limited: 1,803,500 shares worth $150M.
By sector, the portfolio is most concentrated in Healthcare at 24% of assets, up from 13% a quarter earlier, followed by Technology and Industrials.
On the sell side, the largest reduction was Spectrum Brands, an estimated $83.6M trimmed.
- Pentwater Capital Management's largest Q2 2023 buy was Triton International Limited: 1,803,500 shares worth $150M.
- Pentwater Capital Management added most to Seagen Inc. Common Stock in Q2 2023, an estimated $1.56B increase.
- Pentwater Capital Management's biggest Q2 2023 reduction was Spectrum Brands, cutting an estimated $83.6M.
- Pentwater Capital Management fully exited Shaw Communications Inc. in Q2 2023, selling an estimated $319M.
- Pentwater Capital Management's ten largest holdings make up 75% of its $14.5B portfolio in Q2 2023.
- Pentwater Capital Management opened 34 new positions and closed 49 in Q2 2023.
- Pentwater Capital Management's portfolio value rose 40% quarter-over-quarter to $14.5B.
Based on Pentwater Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.