WhaleCreep

Pentwater Capital Management LP 13F holdings, Q1 2010

Hedge fundSEC filingsCompare with another fundHoldings as of 2010-03-31, filed 2010-05-12

Pentwater Capital Management LP disclosed 40 US equity positions worth $392.3m in its Q1 2010 13F filing. Its largest position is OSI PHARMACEUTICALS INC at 20.1% of the reported book, followed by SMITH INTL INC and 3COM CORP. Versus Q4 2009 it opened 16 new positions, added to 8, reduced 9 and exited 20.

$392m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
40
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
20.1%
Largest position
The largest single position as a share of the reported equity book.
88.6%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
9
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
75
Quarters on file since Q4 2007
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q4 2009: 16 new, 8 added, 9 reduced, 20 exited

40 rows
OSI PHARMACEUTICALS INC no ticker–20.1%$78.7m1.32m–new
SMITH INTL INC no ticker–18.5%$72.5m1.69m–new
3COM CORP no ticker–14.6%$57.1m7.45m+314%added
TERRA INDS INC no ticker–8.4%$33.1m722,000–new
BPW ACQUISITION CORP no ticker–6.8%$26.8m2.15m+661%added
TELMEX INTERNACIONAL SAB DE SPONS no ticker–4.9%$19.3m1.00m–new
BJ SVCS CO no ticker–4.9%$19.2m895,100+28%added
BAC BANK OF AMER CORPFinancial Services4.3%$17.0m951,441–new
LIBERTY MEDIA CORP LIB STAR no ticker–3.4%$13.3m242,600−49%reduced
LIBERTY ACQUISITION HLDGS CO no ticker–2.8%$10.9m1.10m–new
STEWART ENTERPRISES INC no ticker–2.5%$9.8m11,000−100%reduced
AWK AMERICAN WTR WKS CO INC NEWUtilities1.2%$4.9m225,000+80%added
STEWART ENTERPRISES INC no ticker–1.2%$4.6m740,000+35%added
STEWART ENTERPRISES INC no ticker–0.7%$2.7m3,000−100%reduced
CELH CELSIUS HLDGS INCConsumer Defensive0.7%$2.6m800,000–new
L LOEWS CORPFinancial Services0.6%$2.2m60,0000.0%held
ROYAL BK SCOTLAND GROUP PLC SP no ticker–0.5%$2.0m126,545−13%reduced
NOG1EUR NORTHERN OIL & GAS INC NEV–0.5%$2.0m125,500+50%added
SIRIUS XM RADIO INC no ticker–0.5%$1.9m2.20m−68%reduced
ALCON INC no ticker–0.4%$1.6m10,000–new
GRA1EUR GRACE W R & CO DEL NEW–0.4%$1.5m55,000+57%added
SMP STANDARD MTR PRODS INC–0.3%$1.1m108,5750.0%held
PENN VA CORP no ticker–0.2%$980k40,000+14%added
ARGON ST INC no ticker–0.2%$665k25,000–new
ROYAL BK SCOTLAND GROUP PLC no ticker–0.2%$662k32,400−8.3%reduced
LEAP WIRELESS INTL INC no ticker–0.2%$646k39,500–new
BERRY PETE CO no ticker–0.2%$605k21,500–new
ROYAL BK SCOTLAND GROUP PLC no ticker–0.1%$583k30,300−34%reduced
BOWNE & CO INC no ticker–0.1%$558k50,000–new
JPM JPMORGAN CHASE & COFinancial Services0.1%$448k10,0000.0%held
BOISE INC no ticker–0.1%$398k65,000−50%reduced
ATP OIL & GAS CORP no ticker–0.10%$390k20,725−27%reduced
CKX INC no ticker–0.08%$306k50,000–new
FLOTEK INDS INC DEL no ticker–0.07%$273k215,000–new
RGA REINSURANCE GROUP AMER INCFinancial Services0.07%$263k5,0000.0%held
CELSIUS HOLDINGS INC *W EXP 99/99/999 no ticker–0.06%$216k196,537–new
OMER OMEROS CORPHealthcare0.05%$200k28,4750.0%held
WAFD WAFD INCFinancial Services0.05%$196k9,6260.0%held
SULPHCO INC no ticker–0.03%$102k350,000–new
SCI SERVICE CORP INTLConsumer Cyclical0.0%$2.0k2000.0%held

Exited since Q4 2009

20 rows
BANK OF AMERICA CORPORATION UNIT no ticker17.1%$83.4m
AFFILIATED COMPUTER SVCS-A no ticker16.6%$80.6m
MARVEL ENTERTAINMENT INC no ticker15.7%$76.3m
ENCORE ACQUISITION CO no ticker10.1%$49.2m
BURLINGTON NORTHERN SANTA FE C no ticker8.0%$39.0m
SUN MICROSYSTEMS INC no ticker7.5%$36.6m
INTERNATIONAL ROYALTY CORP no ticker2.6%$12.6m
MPS GROUP INC no ticker2.3%$11.0m
I2 TECHNOLOGIES INC no ticker0.8%$3.8m
PEPSI BOTTLING GROUP INC no ticker0.6%$2.9m
CADBURY PLC SPONS no ticker0.5%$2.2m
TALBOTS INC no ticker0.4%$1.7m
FGX INTERNATIONAL HOLDINGS no ticker0.2%$980k
SWITCH & DATA FACILITIES CO no ticker0.1%$606k
BPW ACQUISITION CORP no ticker0.1%$540k
LIBERTY MEDIA CORP NEW no ticker0.06%$299k
ALLIED CAPITAL CORP no ticker0.06%$279k
ASB ASSOCIATED BANC-CORP0.05%$231k
BMY BRISTOL-MYERS SQUIBB CO0.02%$81.0k
DIRECTV no ticker0.01%$43.0k

Sector mix

  • Unclassified92.9%
  • Financial Services5.1%
  • Utilities1.2%
  • Consumer Defensive0.7%
  • Healthcare0.05%
  • Consumer Cyclical0.0%

Book over time

Every quarter on file (75)
QuarterPositionsEquity book
Q2 202659$12.5bn
Q1 202660$14.1bn
Q4 202547$13.8bn
Q3 202566$11.1bn
Q2 202564$7.8bn
Q1 202563$7.2bn
Q4 202455$5.8bn
Q3 202452$5.5bn
Q2 202453$4.6bn
Q1 202457$6.1bn
Q4 202368$5.3bn
Q3 202369$10.4bn
Q2 202386$8.0bn
Q1 202394$6.0bn
Q4 202280$3.2bn
Q3 2022100$6.6bn
Q2 2022115$5.9bn
Q1 2022121$5.4bn
Q4 2021157$6.3bn
Q3 2021183$7.3bn
Q2 2021259$9.7bn
Q1 2021276$8.6bn
Q4 2020190$6.5bn
Q3 2020180$5.0bn
Q2 2020129$3.4bn
Q1 202093$3.7bn
Q4 2019107$2.6bn
Q3 2019110$3.2bn
Q2 2019124$5.3bn
Q1 2019105$3.8bn
Q4 201898$5.1bn
Q3 2018107$6.6bn
Q2 201877$6.9bn
Q1 201849$8.4bn
Q4 201752$7.6bn
Q3 201755$6.3bn
Q2 201759$5.8bn
Q1 201753$4.7bn
Q4 201653$3.2bn
Q3 201671$5.4bn
Q2 201663$3.7bn
Q1 201648$6.3bn
Q4 201565$7.5bn
Q3 201588$7.3bn
Q2 2015103$11.5bn
Q1 201593$7.2bn
Q4 201487$7.4bn
Q3 2014113$6.5bn
Q2 201497$5.3bn
Q1 201485$2.2bn
Q4 201369$2.1bn
Q3 201380$2.4bn
Q2 201373$3.8bn
Q1 201341$1.3bn
Q4 201244$1.6bn
Q3 201239$1.3bn
Q2 201246$1.6bn
Q1 201242$1.8bn
Q4 201156$2.0bn
Q3 201154$1.4bn
Q2 201171$1.4bn
Q1 201171$2.2bn
Q4 201052$1.4bn
Q3 201052$1.5bn
Q2 201056$812m
Q1 201040$392m
Q4 200944$487m
Q3 200927$440m
Q2 200922$316m
Q1 200917$233m
Q4 200817$293m
Q3 200834$1.0bn
Q2 200828$728m
Q1 200827$1.0bn
Q4 200728$782m

Where Pentwater Capital Management LP was early

32 rows
BCE BCE INCQ1 20081 of 826.1%6.1%3Exited by Q4 2008+2.9%
HUN HUNTSMAN CORPQ1 20084 of 1438.9%8.9%4Exited by Q1 2009−85%
SPY STATE STR SPDR S&P 500 ETF TQ1 20087 of 2671.9%27.0%57Held at last filing, Q2 2026+466%
CMG CHIPOTLE MEXICAN GRILL INCQ2 20082 of 1851.4%1.7%3Exited by Q3 2009−3.2%
RGA REINSURANCE GROUP AMER INCQ1 20091 of 1021.8%1.8%6Exited by Q3 2010+41%
BAC BANK AMERICA CORPQ2 200912 of 23211.3%11.3%54Exited by Q1 2024+155%
CMCSA COMCAST CORPQ2 200917 of 2190.1%3.5%3Exited by Q3 2014+271%
AWK AMERICAN WTR WKS CO INC NEWQ4 20096 of 1230.6%1.2%2Exited by Q2 2010−2.9%
JPM JPMORGAN CHASE & COQ4 200912 of 2310.09%8.6%33Exited by Q1 2024+308%
FIS FIDELITY NATL INFORMATION SVQ2 20107 of 2257.1%7.1%3Exited by Q1 2011+2.1%
GS GOLDMAN SACHS GROUP INCQ2 201011 of 2298.0%8.0%21Exited by Q2 2022+151%
GM GENERAL MTRS COQ2 20111 of 1692.7%4.2%18Exited by Q4 2015−1.1%
META FACEBOOK INCQ2 20124 of 3842.1%2.1%2Exited by Q4 2012−30%
ZTS ZOETIS INCQ2 20132 of 17813.1%13.1%10Exited by Q1 2019+177%
CTB COOPER TIRE & RUBR COQ3 20131 of 652.9%2.9%3Exited by Q2 2021−46%
AAL AMERICAN AIRLINES GROUP INCQ4 201313 of 2383.9%3.9%27Exited by Q4 2022−52%
VOD VODAFONE GROUP PLCQ1 20143 of 1085.0%5.0%3Exited by Q4 2014−11%
SYF SYNCHRONY FINANCIALQ3 20143 of 1810.4%5.5%36Exited by Q1 2024+56%
BKR BAKER HUGHES A GE COQ4 20148 of 1784.6%5.9%7Exited by Q4 2019−59%
HUM HUMANA INCQ2 201513 of 2113.4%8.2%12Held at last filing, Q2 2026+108%
AVGO BROADCOM INCQ2 201516 of 3239.2%15.9%9Exited by Q2 2025+1160%
MXIM MAXIM INTEGRATED PRODS INCQ4 201510 of 1010.09%12.3%5Exited by Q3 2021+177%
SNDK SANDISK CORPQ4 201514 of 2335.9%11.2%2Exited by Q2 2016+0.1%
DELL DELL TECHNOLOGIES INCQ3 20169 of 2743.8%7.1%10Exited by Q1 2019+85%
TGNA TEGNA INCQ2 201715 of 1470.06%3.0%12Exited by Q1 2026−40%
AVA AVISTA CORPQ3 20179 of 990.2%1.0%5Exited by Q4 2018−2.3%
VICI VICI PPTYS INCQ1 201816 of 1632.1%3.0%23Exited by Q1 2024+74%
CI THE CIGNA GROUPQ4 201812 of 1921.1%1.1%5Exited by Q1 2024+58%
HHH HOWARD HUGHES CORPQ2 20199 of 1160.8%1.4%3Exited by Q1 2020+2.4%
COHR COHERENT INCQ1 202115 of 2633.5%5.9%6Exited by Q3 2022−25%
KVUE KENVUE INCQ2 202310 of 2030.03%7.8%9Held at last filing, Q2 2026−28%
AMC AMC ENTMT HLDGS INCQ3 20232 of 770.03%1.3%5Held at last filing, Q2 2026−76%

Concentration and tenure

17.9%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
76.3%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
1
Median completed holding, quarters