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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
+8%
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
$9.76B
AUM Growth
+$841M
Cap. Flow
+$642M
Cap. Flow %
6.58%
Top 10 Hldgs %
73.52%
Holding
149
New
39
Increased
23
Reduced
22
Closed
53

Top Buys

Rank Stock Value
1
JNPR
Juniper Networks
JNPR
+$381M
2
PXD
Pioneer Natural Resource Co.
PXD
+$324M
3
BA icon
Boeing
BA
+$305M
4
X
US Steel
X
+$291M
5
ANSS
Ansys
ANSS
+$237M

Top Sells

Rank Stock Value
1
SPLK
Splunk Inc
SPLK
+$619M
2
KRTX
Karuna Therapeutics, Inc. Common Stock
KRTX
+$337M
3
IMGN
Immunogen Inc
IMGN
+$168M
4
AYX
Alteryx Inc
AYX
+$94.3M
5
KVUE icon
Kenvue
KVUE
+$91.1M

Sector Composition

Rank Sector Weight
1 Energy 26.96%
2 Materials 7.43%
3 Technology 7.31%
4 Industrials 5.55%
5 Healthcare 3.7%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PXD
1
DELISTED
Pioneer Natural Resource Co.
PXD
$1.9B 19.42%
7,220,000
+1,380,000
+24% +$324M
SPY icon
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$779B
$1.37B 14.04%
2,620,000
+535,200
+26% +$266M
X
3
PUT
DELISTED
US Steel
X
$742M 7.6%
18,201,900
+11,662,600
+178% +$534M
HES
4
DELISTED
Hess
HES
$693M 7.1%
4,540,000
+655,000
+17% +$95.1M
X
5
DELISTED
US Steel
X
$684M 7.01%
16,774,100
+6,354,100
+61% +$291M
HES
6
PUT
DELISTED
Hess
HES
$483M 4.94%
3,161,800
– –
BA icon
7
Boeing
BA
$167B
$406M 4.16%
2,101,824
+1,484,324
+240% +$305M
JNPR
8
DELISTED
Juniper Networks
JNPR
$387M 3.97%
+10,448,400
New +$381M
ANSS
9
DELISTED
Ansys
ANSS
$289M 2.96%
832,893
+700,893
+531% +$237M
SPY icon
10
State Street SPDR S&P 500 ETF Trust
SPY
$779B
$226M 2.32%
432,379
+257,959
+148% +$128M
TCN
11
DELISTED
Tricon Residential Inc.
TCN
$223M 2.28%
+20,000,000
New +$213M
DFS
12
DELISTED
Discover Financial Services
DFS
$203M 2.08%
+1,550,000
New +$178M
CVX icon
13
CALL
Chevron
CVX
$381B
$197M 2.02%
1,250,000
-180,000
-13% -$27.2M
CPRI icon
14
PUT
Capri Holdings
CPRI
$1.81B
$174M 1.79%
3,850,900
+300,600
+8% +$14.3M
CPRI icon
15
Capri Holdings
CPRI
$1.81B
$143M 1.47%
3,160,000
-840,000
-21% -$40M
BA icon
16
PUT
Boeing
BA
$167B
$133M 1.36%
690,000
+302,000
+78% +$62.1M
WRK
17
DELISTED
WestRock Company
WRK
$121M 1.24%
2,455,000
– –
XOM icon
18
CALL
ExxonMobil
XOM
$640B
$113M 1.16%
970,000
-80,000
-8% -$8.37M
CERE
19
DELISTED
Cerevel Therapeutics Holdings, Inc. Common Stock
CERE
$93.8M 0.96%
2,220,000
+1,120,000
+102% +$47M
FUSN
20
DELISTED
Fusion Pharmaceuticals Inc. Common Shares
FUSN
$80.6M 0.83%
+3,781,778
New +$45.2M
CYTK icon
21
Cytokinetics
CYTK
$11B
$75.7M 0.78%
+1,080,000
New +$83.5M
SP
22
DELISTED
SP Plus Corporation
SP
$68.3M 0.7%
1,307,200
+1,267,200
+3,168% +$65.4M
CYTK icon
23
PUT
Cytokinetics
CYTK
$11B
$64.6M 0.66%
+920,900
New +$71.2M
BA icon
24
CALL
Boeing
BA
$167B
$63.7M 0.65%
330,000
+325,000
+6,500% +$66.8M
EDR
25
DELISTED
Endeavor Group Holdings, Inc.
EDR
$61M 0.62%
2,370,000
-1,850,000
-44% -$45.3M
1
2 3 4 5

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Pentwater Capital Management's Q1 2024 Portfolio in Review

As of Q1 2024, Pentwater Capital Management held 149 positions worth $9.76B, up 9.4% from $8.92B the previous quarter. Its ten largest holdings account for 74% of the portfolio.

Pentwater Capital Management deployed $642M of net new capital in Q1 2024, opening 39 new positions and adding to 23 existing holdings. Its largest new stake was Juniper Networks: 10,448,400 shares worth $387M.

By sector, the portfolio is most concentrated in Energy at 27% of assets, up from 21% a quarter earlier, followed by Materials and Technology.

On the sell side, the largest reduction was Teck Resources, an estimated $69.1M trimmed.

  • Pentwater Capital Management's largest Q1 2024 buy was Juniper Networks: 10,448,400 shares worth $387M.
  • Pentwater Capital Management added most to Pioneer Natural Resource Co. in Q1 2024, an estimated $324M increase.
  • Pentwater Capital Management's biggest Q1 2024 reduction was Teck Resources, cutting an estimated $69.1M.
  • Pentwater Capital Management fully exited Splunk Inc in Q1 2024, selling an estimated $619M.
  • Pentwater Capital Management's ten largest holdings make up 74% of its $9.76B portfolio in Q1 2024.
  • Pentwater Capital Management opened 39 new positions and closed 53 in Q1 2024.
  • Pentwater Capital Management's portfolio value rose 9.4% quarter-over-quarter to $9.76B.

Based on Pentwater Capital Management's 13F filing for Q1 2024, filed 15 May 2024.