WhaleCreep

Pentwater Capital Management LP 13F holdings, Q3 2010

Hedge fundSEC filingsCompare with another fundHoldings as of 2010-09-30, filed 2010-11-15

Pentwater Capital Management LP disclosed 52 US equity positions worth $1.5bn in its Q3 2010 13F filing. Its largest position is AIRGAS INC at 23.0% of the reported book, followed by POT1EUR and ALCON INC. Versus Q2 2010 it opened 26 new positions, added to 10, reduced 13 and exited 30.

$1.5bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
52
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
23.0%
Largest position
The largest single position as a share of the reported equity book.
79.7%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
10
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 Q2 2010: 26 new, 10 added, 13 reduced, 30 exited

50 of 52
AIRGAS INC no ticker–23.0%$350m5.16m–new
POT1EUR POTASH CORP SASK INC–13.9%$212m1.47m–new
ALCON INC no ticker–9.7%$148m886,000+143%added
PACTIV CORP no ticker–9.0%$137m4.15m+480%added
SIXEUR SIX FLAGS ENTMT CORP NEW–6.7%$103m2.33m–new
GENZYME CORP no ticker–5.5%$84.2m1.19m–new
JPM JPMORGAN CHASE & COFinancial Services3.9%$59.1m1.55m−10%reduced
AMERICREDIT CORP no ticker–3.5%$53.6m2.19m–new
GS GOLDMAN SACHS GROUP INCFinancial Services2.6%$39.5m273,456−45%reduced
BURGER KING HLDGS INC no ticker–2.0%$30.6m1.28m–new
LEAP WIRELESS INTL INC no ticker–1.7%$25.8m2.09m–new
NBTY INC no ticker–1.6%$24.2m440,000–new
ATC TECHNOLOGY CORP no ticker–1.6%$24.0m970,000–new
FIS FIDELITY NATL INFORMATION SVTechnology1.5%$22.2m819,700−62%reduced
ISILON SYS INC no ticker–1.5%$22.2m100,000–new
LIBERTY ACQUISITION HLDGS CO no ticker–1.3%$20.6m2.00m−69%reduced
TALECRIS BIOTHERAPEUTICS HLD no ticker–1.2%$18.5m810,000+62%added
MCAFEE INC no ticker–1.2%$18.0m380,000–new
AIRTRAN HLDGS INC no ticker–1.2%$17.9m2.44m–new
GLG PARTNERS INC no ticker–1.1%$16.7m3.70m+45%added
ATP OIL & GAS CORP no ticker–1.0%$14.5m1.06m+107%added
BAC BANK OF AMER CORPFinancial Services0.8%$12.2m927,648−30%reduced
LIBERTY MEDIA CORP LIB STAR no ticker–0.7%$10.7m165,000−20%reduced
NETEZZA CORP no ticker–0.7%$10.0m371,400–new
A D C TELECOMMUNICATIONS no ticker–0.6%$8.7m690,102–new
HEWITT ASSOCS INC no ticker–0.5%$7.1m140,000–new
MARINER ENERGY INC no ticker–0.4%$6.8m280,000–new
GRA1EUR GRACE W R & CO DEL NEW–0.3%$4.2m150,000−62%reduced
TALBOTS INC *W EXP 04/09/201 no ticker–0.3%$4.0m1.42m+13%added
LIBERTY ACQUISITION HLDGS CO *W EXP 12/12/201 no ticker–0.2%$3.0m1.85m+1133%added
CAPITAL GOLD CORP no ticker–0.2%$2.6m550,000–new
HEALTH GRADES INC no ticker–0.1%$2.0m250,000–new
TALBOTS INC no ticker–0.1%$1.7m130,000−70%reduced
INTERNET BRANDS INC no ticker–0.10%$1.5m114,054–new
SCI SERVICE CORP INTLConsumer Cyclical0.08%$1.3m150,000+232%added
STEWART ENTERPRISES INC no ticker–0.08%$1.2m220,000−74%reduced
SMP STANDARD MTR PRODS INC–0.07%$1.1m108,5750.0%held
NOG1EUR NORTHERN OIL & GAS INC NEV–0.07%$1.0m60,900−52%reduced
CELH CELSIUS HLDGS INCConsumer Defensive0.06%$903k669,100−4.4%reduced
DIREXION no ticker–0.06%$900k72,500+263%added
COGENT INC no ticker–0.06%$851k80,000–new
GREAT ATLANTIC & PAC TEA INC no ticker–0.04%$585k1,000–new
FLOTEK INDS INC DEL no ticker–0.03%$483k350,000+67%added
PENN VA CORP no ticker–0.03%$481k30,0000.0%held
RDWR RADWARE LTDTechnology0.03%$464k13,500–new
STUDENT LN CORP no ticker–0.02%$288k9,700–new
DYNEGY INC no ticker–0.02%$256k52,500–new
NXPI NXP SEMICONDUCTORS N VTechnology0.02%$248k20,000–new
GENTIVA HEALTH SERVICES INC no ticker–0.01%$219k10,000−75%reduced
HYPERCOM CORP no ticker–0.01%$130k20,000–new

Exited since Q2 2010

30 rows
SMITH INTL INC no ticker11.6%$94.4m
EXMOC EXXON MOBIL CORP5.8%$46.9m
EV3 INC no ticker5.7%$46.6m
ODYSSEY HEALTHCARE INC no ticker5.0%$40.3m
SPY SPDR S&P 500 ETF Trust3.0%$24.2m
QWEST COMMUNICATIONS INTL IN no ticker2.4%$19.2m
UAL CORP no ticker2.2%$18.0m
INTERACTIVE DATA CORP no ticker2.1%$16.7m
VALEANT PHARMACEUTICALS INTL no ticker1.8%$15.0m
AMERICAN ITALIAN PASTA CO no ticker1.8%$14.6m
RCN CORP no ticker1.4%$11.1m
STEWART ENTERPRISES INC no ticker1.3%$10.6m
OIL SVC HOLDRS TR DEPOSTRY RCPT no ticker1.1%$9.0m
CKE RESTAURANTS INC no ticker1.1%$8.8m
CYBERSOURCE CORP no ticker1.1%$8.7m
GERDAU AMERISTEEL CORP no ticker0.8%$6.2m
STEWART ENTERPRISES INC no ticker0.3%$2.8m
SIRIUS XM RADIO INC no ticker0.3%$2.1m
BOOTS & COOTS INC no ticker0.2%$1.6m
PHASE FORWARD INC no ticker0.2%$1.3m
PRIDE INTL INC DEL no ticker0.1%$1.2m
L LOEWS CORP0.1%$999k
NOBLE CORPORATION BAAR no ticker0.09%$751k
ABRAXIS BIOSCIENCE INC no ticker0.08%$616k
BERRY PETE CO no ticker0.07%$553k
DYNCORP INTL INC no ticker0.05%$438k
RIG TRANSOCEAN LTD0.05%$394k
DOEUR DIAMOND OFFSHORE DRILLING IN0.04%$363k
LXU LSB INDS INC0.04%$333k
RGA REINSURANCE GROUP AMER INC0.03%$229k

Sector mix

  • Unclassified91.1%
  • Financial Services7.3%
  • Technology1.5%
  • Consumer Cyclical0.08%
  • Consumer Defensive0.06%

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