WhaleCreep

Pentwater Capital Management LP 13F holdings, Q2 2010

Hedge fundSEC filingsCompare with another fundHoldings as of 2010-06-30, filed 2010-08-13

Pentwater Capital Management LP disclosed 56 US equity positions worth $811.9m in its Q2 2010 13F filing. Its largest position is SMITH INTL INC at 11.6% of the reported book, followed by GS and LIBERTY ACQUISITION HLDGS CO. Versus Q1 2010 it opened 34 new positions, added to 11, reduced 6 and exited 18.

$812m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
56
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
11.6%
Largest position
The largest single position as a share of the reported equity book.
68.6%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
18
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 Q1 2010: 34 new, 11 added, 6 reduced, 18 exited

50 of 56
SMITH INTL INC no ticker–11.6%$94.4m2.50m+48%added
GS GOLDMAN SACHS GROUP INCFinancial Services8.0%$65.1m495,564–new
LIBERTY ACQUISITION HLDGS CO no ticker–7.9%$64.0m6.45m+486%added
JPM JPMORGAN CHASE & COFinancial Services7.8%$63.3m1.73m+17199%added
FIS FIDELITY NATL INFORMATION SVTechnology7.1%$58.0m2.16m–new
ALCON INC no ticker–6.7%$54.1m365,000+3550%added
EXMOC EXXON MOBIL CORP–5.8%$46.9m822,007–new
EV3 INC no ticker–5.7%$46.6m2.08m–new
ODYSSEY HEALTHCARE INC no ticker–5.0%$40.3m1.51m–new
SPY SPDR S&P 500 ETF Trust–3.0%$24.2m233,000–new
PACTIV CORP no ticker–2.5%$19.9m715,000–new
QWEST COMMUNICATIONS INTL IN no ticker–2.4%$19.2m3.65m–new
BAC BANK OF AMER CORPFinancial Services2.3%$18.9m1.32m+38%added
UAL CORP no ticker–2.2%$18.0m876,857–new
INTERACTIVE DATA CORP no ticker–2.1%$16.7m500,000–new
VALEANT PHARMACEUTICALS INTL no ticker–1.8%$15.0m286,721–new
AMERICAN ITALIAN PASTA CO no ticker–1.8%$14.6m276,740–new
GLG PARTNERS INC no ticker–1.4%$11.2m2.55m–new
RCN CORP no ticker–1.4%$11.1m750,000–new
LIBERTY MEDIA CORP NEW LIB STAR no ticker–1.3%$10.6m205,000−15%reduced
STEWART ENTERPRISES INC no ticker–1.3%$10.6m12,000+9.1%added
TALECRIS BIOTHERAPEUTICS HLD no ticker–1.3%$10.6m500,000–new
OIL SVC HOLDRS TR DEPOSTRY RCPT no ticker–1.1%$9.0m95,200–new
CKE RESTAURANTS INC no ticker–1.1%$8.8m700,000–new
CYBERSOURCE CORP no ticker–1.1%$8.7m340,000–new
GRA1EUR GRACE W R & CO DEL NEW–1.0%$8.3m395,000+618%added
GERDAU AMERISTEEL CORP no ticker–0.8%$6.2m569,251–new
ATP OIL & GAS CORP no ticker–0.7%$5.4m514,312+2382%added
STEWART ENTERPRISES INC no ticker–0.6%$4.6m841,351+14%added
TALBOTS INC no ticker–0.6%$4.5m437,500–new
STEWART ENTERPRISES INC no ticker–0.3%$2.8m3,0000.0%held
TALBOTS INC *W EXP 04/09/201 no ticker–0.3%$2.8m1.26m–new
SIRIUS XM RADIO INC no ticker–0.3%$2.1m2.20m0.0%held
NOG1EUR NORTHERN OIL & GAS INC NEV–0.2%$1.6m127,500+1.6%added
BOOTS & COOTS INC no ticker–0.2%$1.6m536,806–new
PHASE FORWARD INC no ticker–0.2%$1.3m77,400–new
CELH CELSIUS HLDGS INCConsumer Defensive0.2%$1.3m700,000−13%reduced
PRIDE INTL INC DEL no ticker–0.1%$1.2m51,840–new
GENTIVA HEALTH SERVICES INC no ticker–0.1%$1.1m40,000–new
L LOEWS CORPFinancial Services0.1%$999k30,000−50%reduced
SMP STANDARD MTR PRODS INC–0.1%$876k108,5750.0%held
NOBLE CORPORATION BAAR no ticker–0.09%$751k24,300–new
ABRAXIS BIOSCIENCE INC no ticker–0.08%$616k8,300–new
PENN VA CORP no ticker–0.07%$603k30,000−25%reduced
BERRY PETE CO no ticker–0.07%$553k21,5000.0%held
DYNCORP INTL INC no ticker–0.05%$438k25,000–new
RIG TRANSOCEAN LTDEnergy0.05%$394k8,505–new
DIREXION no ticker–0.04%$365k20,000–new
DOEUR DIAMOND OFFSHORE DRILLING IN–0.04%$363k5,832–new
SCI SERVICE CORP INTLConsumer Cyclical0.04%$334k45,200+22500%added

Exited since Q1 2010

18 rows
OSI PHARMACEUTICALS INC no ticker20.1%$78.7m
3COM CORP no ticker14.6%$57.1m
TERRA INDS INC no ticker8.4%$33.1m
BPW ACQUISITION CORP no ticker6.8%$26.8m
TELMEX INTERNACIONAL SAB DE SPONS no ticker4.9%$19.3m
BJ SVCS CO no ticker4.9%$19.2m
AWK AMERICAN WTR WKS CO INC NEW1.2%$4.9m
ROYAL BK SCOTLAND GROUP PLC SP no ticker0.5%$2.0m
ARGON ST INC no ticker0.2%$665k
ROYAL BK SCOTLAND GROUP PLC no ticker0.2%$662k
LEAP WIRELESS INTL INC no ticker0.2%$646k
ROYAL BK SCOTLAND GROUP PLC no ticker0.1%$583k
BOWNE & CO INC no ticker0.1%$558k
BOISE INC no ticker0.1%$398k
CKX INC no ticker0.08%$306k
OMER OMEROS CORP0.05%$200k
WAFD WAFD INC0.05%$196k
SULPHCO INC no ticker0.03%$102k

Sector mix

  • Unclassified74.3%
  • Financial Services18.3%
  • Technology7.1%
  • Consumer Defensive0.2%
  • Energy0.05%
  • Consumer Cyclical0.04%
  • Basic Materials0.04%

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