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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
+7.36%
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
$9.06B
AUM Growth
-$648M
Cap. Flow
-$858M
Cap. Flow %
-9.47%
Top 10 Hldgs %
63.86%
Holding
130
New
35
Increased
27
Reduced
20
Closed
38

Top Buys

Rank Stock Value
1
ALTM
Arcadium Lithium plc
ALTM
+$141M
2
HES
Hess
HES
+$120M
3
SMAR
Smartsheet Inc.
SMAR
+$118M
4
DFS
Discover Financial Services
DFS
+$87.8M
5
JNPR
Juniper Networks
JNPR
+$85.4M

Top Sells

Rank Stock Value
1
HUBS icon
HubSpot
HUBS
+$180M
2
SRCL
Stericycle Inc
SRCL
+$173M
3
VZIO
VIZIO Holding Corp.
VZIO
+$75.4M
4
MRO
Marathon Oil Corporation
MRO
+$67.1M
5
NVEI
Nuvei Corporation Subordinate Voting Shares
NVEI
+$66.7M

Sector Composition

Rank Sector Weight
1 Technology 13.21%
2 Materials 9.37%
3 Industrials 9.15%
4 Energy 8.29%
5 Communication Services 8%
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
$778B
$1.08B 11.97%
1,850,000
-2,212,500
-54% -$1.3B
HES
2
DELISTED
Hess
HES
$706M 7.8%
5,310,000
+860,000
+19% +$120M
X
3
DELISTED
US Steel
X
$629M 6.95%
18,520,000
-1,380,000
-7% -$50.9M
BA icon
4
PUT
Boeing
BA
$165B
$562M 6.2%
3,175,000
+1,935,000
+156% +$304M
SMAR
5
DELISTED
Smartsheet Inc.
SMAR
$501M 5.54%
8,950,000
+2,107,000
+31% +$118M
JNPR
6
DELISTED
Juniper Networks
JNPR
$479M 5.28%
12,778,000
+2,258,000
+21% +$85.4M
EDR
7
DELISTED
Endeavor Group Holdings, Inc.
EDR
$473M 5.22%
15,121,666
+321,666
+2% +$9.58M
K
8
DELISTED
Kellanova
K
$466M 5.14%
5,755,000
+450,700
+8% +$36.4M
BA icon
9
Boeing
BA
$165B
$444M 4.9%
2,510,000
+150,000
+6% +$23.5M
SPY icon
10
State Street SPDR S&P 500 ETF Trust
SPY
$778B
$440M 4.85%
750,000
-20,000
-3% -$11.8M
X
11
PUT
DELISTED
US Steel
X
$366M 4.04%
10,755,500
-1,801,800
-14% -$66.5M
SPR
12
DELISTED
Spirit AeroSystems
SPR
$314M 3.47%
9,220,000
+120,000
+1% +$3.88M
HES
13
PUT
DELISTED
Hess
HES
$204M 2.25%
1,530,000
+750,000
+96% +$105M
CVX icon
14
PUT
Chevron
CVX
$388B
$151M 1.66%
1,040,000
+990,000
+1,980% +$152M
ALTM
15
DELISTED
Arcadium Lithium plc
ALTM
$141M 1.56%
+27,550,000
New +$141M
TKO icon
16
PUT
TKO Group
TKO
$13.5B
$135M 1.49%
950,000
+273,200
+40% +$35.7M
ANSS
17
PUT
DELISTED
Ansys
ANSS
$135M 1.49%
400,000
– –
ANSS
18
DELISTED
Ansys
ANSS
$130M 1.43%
385,000
-37,000
-9% -$12.4M
JNPR
19
PUT
DELISTED
Juniper Networks
JNPR
$112M 1.23%
2,978,000
+2,918,600
+4,913% +$110M
AMED
20
DELISTED
Amedisys
AMED
$107M 1.18%
1,180,000
+105,000
+10% +$9.64M
PARA
21
DELISTED
Paramount Global Class B
PARA
$96.9M 1.07%
9,265,000
+4,265,500
+85% +$45.8M
DFS
22
DELISTED
Discover Financial Services
DFS
$92.7M 1.02%
+535,000
New +$87.8M
LBRDK icon
23
Liberty Broadband Class C
LBRDK
$4.15B
$82.8M 0.91%
1,108,000
+908,000
+454% +$75.7M
PSTX
24
DELISTED
Poseida Therapeutics, Inc. Common Stock
PSTX
$82.8M 0.91%
8,625,000
+2,650,000
+44% +$13.8M
CCK icon
25
Crown Holdings
CCK
$12.8B
$78.6M 0.87%
950,000
-15,000
-2% -$1.37M
1
2 3 4 5

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CS
Candriam SCA Strassen, Luxembourg, Luxembourg $19.3B AUM 39.18% 1-Year Est. Return
MGP
M&G plc London, United Kingdom $19.4B AUM 16.7% 1-Year Est. Return
A
AustralianSuper Melbourne, Australia $19.2B AUM 31.95% 1-Year Est. Return
LF
Lansforsakringar Fondforvaltning Stockholm, Sweden $19.1B AUM 26.9% 1-Year Est. Return
Select Equity Group
Select Equity Group New York $19.5B AUM 17.33% 1-Year Est. Return
MIM
MetLife Investment Management Whippany, New Jersey $19.6B AUM 32.64% 1-Year Est. Return
SPIA
Steward Partners Investment Advisory New York $19.6B AUM 22.89% 1-Year Est. Return
SOMRS
State of Michigan Retirement System Lansing, Michigan $18.9B AUM 27.96% 1-Year Est. Return

Pentwater Capital Management's Q4 2024 Portfolio in Review

As of Q4 2024, Pentwater Capital Management held 130 positions worth $9.06B, down 6.7% from $9.71B the previous quarter. Its ten largest holdings account for 64% of the portfolio.

Pentwater Capital Management withdrew a net $858M in Q4 2024, closing 38 positions and reducing 20 holdings. Its most notable exit was Stericycle Inc, an estimated $173M position sold in full.

By sector, the portfolio is most concentrated in Technology at 13% of assets, down from 14% a quarter earlier, followed by Materials and Industrials.

Against the trend, Pentwater Capital Management opened a new position in Arcadium Lithium plc worth $141M.

  • Pentwater Capital Management's largest Q4 2024 buy was Arcadium Lithium plc: 27,550,000 shares worth $141M.
  • Pentwater Capital Management added most to Hess in Q4 2024, an estimated $120M increase.
  • Pentwater Capital Management's biggest Q4 2024 reduction was HubSpot, cutting an estimated $180M.
  • Pentwater Capital Management fully exited Stericycle Inc in Q4 2024, selling an estimated $173M.
  • Pentwater Capital Management's ten largest holdings make up 64% of its $9.06B portfolio in Q4 2024.
  • Pentwater Capital Management opened 35 new positions and closed 38 in Q4 2024.
  • Pentwater Capital Management's portfolio value fell 6.7% quarter-over-quarter to $9.06B.

Based on Pentwater Capital Management's 13F filing for Q4 2024, filed 14 Feb 2025.