WhaleCreep

Pentwater Capital Management LP 13F holdings, Q4 2010

Hedge fundSEC filingsCompare with another fundHoldings as of 2010-12-31, filed 2011-02-11

Pentwater Capital Management LP disclosed 52 US equity positions worth $1.4bn in its Q4 2010 13F filing. Its largest position is ALCON INC at 19.6% of the reported book, followed by AIRGAS INC and SIXEUR. Versus Q3 2010 it opened 31 new positions, added to 8, reduced 10 and exited 31.

$1.4bn
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.
19.6%
Largest position
The largest single position as a share of the reported equity book.
76.0%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
11
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 Q3 2010: 31 new, 8 added, 10 reduced, 31 exited

50 of 52
ALCON INC no ticker–19.6%$282m1.73m+95%added
AIRGAS INC no ticker–17.6%$253m4.05m−22%reduced
SIXEUR SIX FLAGS ENTMT CORP NEW–7.9%$114m2.09m−10%reduced
BUCYRUS INTL INC no ticker–6.7%$96.6m1.08m–new
GENZYME CORP no ticker–6.6%$94.3m1.32m+11%added
JPM JPMORGAN CHASE & COFinancial Services4.3%$62.3m1.47m−5.4%reduced
KING PHARMACEUTICALS INC no ticker–3.7%$53.4m3.80m–new
AIRTRAN HLDGS INC no ticker–3.4%$49.1m6.65m+173%added
BECKMAN COULTER INC no ticker–3.2%$45.7m608,000–new
LEAP WIRELESS INTL INC no ticker–2.8%$39.9m3.26m+56%added
LORLUSD LORAL SPACE & COM INC–2.5%$35.2m460,636–new
18614USD GOLDCORP INC NEW–2.3%$32.4m703,597–new
VERIGY LTD no ticker–2.0%$29.2m2.24m–new
MASSEY ENERGY COMPANY no ticker–2.0%$28.7m535,000–new
DEL MONTE FOODS CO no ticker–1.9%$27.8m1.48m–new
BALDOR ELEC CO no ticker–1.3%$18.9m300,000–new
HARBIN ELECTRIC INC no ticker–1.3%$18.8m1.08m–new
TALECRIS BIOTHERAPEUTICS HLD no ticker–1.1%$16.3m700,000−14%reduced
ATLAS ENERGY INC no ticker–1.1%$15.6m354,442–new
LIBERTY MEDIA CORP LIB STAR no ticker–0.9%$12.7m191,024+16%added
ALBERTO CULVER CO no ticker–0.8%$11.9m320,000–new
CNA SURETY CORP no ticker–0.8%$11.8m500,000–new
GS GOLDMAN SACHS GROUP INCFinancial Services0.8%$11.8m69,933−74%reduced
HYPERCOM CORP no ticker–0.7%$10.5m1.25m+6150%added
MARSHALL & ILSLEY CORP no ticker–0.6%$8.8m1.27m–new
J CREW GROUP INC no ticker–0.6%$8.7m202,400–new
FIS FIDELITY NATL INFORMATION SVTechnology0.4%$5.5m200,000−76%reduced
GRA1EUR GRACE W R & CO DEL NEW–0.3%$4.7m135,000−10.0%reduced
NOVELL INC no ticker–0.3%$4.7m800,000–new
ATP OIL & GAS CORP no ticker–0.2%$3.4m203,075−81%reduced
JO-ANN STORES INC no ticker–0.2%$3.0m49,341–new
TENET HEALTHCARE CORP no ticker–0.2%$2.7m400,000–new
DIONEX CORP no ticker–0.2%$2.4m20,000–new
GCAPEUR GAIN CAP HLDGS INC–0.2%$2.3m250,000–new
KEMUSD KEMET CORP–0.2%$2.2m150,000–new
STX SEAGATE TECHNOLOGY PLCTechnology0.1%$2.1m140,000–new
TALBOTS INC *W EXP 04/09/201 no ticker–0.1%$2.0m1.52m+7.1%added
GAP GAP INCConsumer Cyclical0.1%$1.8m80,000–new
SARA LEE CORP no ticker–0.1%$1.8m100,000–new
SCI SERVICE CORP INTLConsumer Cyclical0.09%$1.2m150,0000.0%held
EURAND N V no ticker–0.08%$1.2m100,000–new
DIREXION no ticker–0.05%$767k87,500+21%added
COMPELLENT TECHNOLOGIES INC no ticker–0.05%$706k25,600–new
GASTAR EXPL INC no ticker–0.04%$645k150,000–new
FX ENERGY INC no ticker–0.04%$615k100,000–new
TALBOTS INC no ticker–0.04%$554k65,000−50%reduced
PENN VA CORP no ticker–0.04%$505k30,0000.0%held
IVANHOE MINES LTD no ticker–0.03%$401k17,500–new
TWO HBRS INVT CORP no ticker–0.02%$343k35,000–new
AEROPOSTALE no ticker–0.01%$123k5,000–new

Exited since Q3 2010

31 rows
POT1EUR POTASH CORP SASK INC13.9%$212m
PACTIV CORP no ticker9.0%$137m
AMERICREDIT CORP no ticker3.5%$53.6m
BURGER KING HLDGS INC no ticker2.0%$30.6m
NBTY INC no ticker1.6%$24.2m
ATC TECHNOLOGY CORP no ticker1.6%$24.0m
ISILON SYS INC no ticker1.5%$22.2m
LIBERTY ACQUISITION HLDGS CO no ticker1.3%$20.6m
MCAFEE INC no ticker1.2%$18.0m
GLG PARTNERS INC no ticker1.1%$16.7m
BAC BANK OF AMER CORP0.8%$12.2m
NETEZZA CORP no ticker0.7%$10.0m
A D C TELECOMMUNICATIONS no ticker0.6%$8.7m
HEWITT ASSOCS INC no ticker0.5%$7.1m
MARINER ENERGY INC no ticker0.4%$6.8m
LIBERTY ACQUISITION HLDGS CO *W EXP 12/12/201 no ticker0.2%$3.0m
CAPITAL GOLD CORP no ticker0.2%$2.6m
HEALTH GRADES INC no ticker0.1%$2.0m
INTERNET BRANDS INC no ticker0.10%$1.5m
STEWART ENTERPRISES INC no ticker0.08%$1.2m
SMP STANDARD MTR PRODS INC0.07%$1.1m
NOG1EUR NORTHERN OIL & GAS INC NEV0.07%$1.0m
COGENT INC no ticker0.06%$851k
GREAT ATLANTIC & PAC TEA INC no ticker0.04%$585k
FLOTEK INDS INC DEL no ticker0.03%$483k
RDWR RADWARE LTD0.03%$464k
STUDENT LN CORP no ticker0.02%$288k
DYNEGY INC no ticker0.02%$256k
NXPI NXP SEMICONDUCTORS N V0.02%$248k
GENTIVA HEALTH SERVICES INC no ticker0.01%$219k
CELSIUS HOLDINGS INC *W EXP 99/99/999 no ticker0.0%$49.0k

Sector mix

  • Unclassified94.1%
  • Financial Services5.2%
  • Technology0.5%
  • Consumer Cyclical0.2%
  • Consumer Defensive0.01%

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