WhaleCreep

Pentwater Capital Management LP 13F holdings, Q3 2011

Hedge fundSEC filingsCompare with another fundHoldings as of 2011-09-30, filed 2011-11-14

Pentwater Capital Management LP disclosed 54 US equity positions worth $1.4bn in its Q3 2011 13F filing. Its largest position is KINETIC CONCEPTS INC at 13.0% of the reported book, followed by GOODRICH CORP and DOLLAR THRIFTY AUTOMOTIVE GP. Versus Q2 2011 it opened 17 new positions, added to 16, reduced 15 and exited 34.

$1.4bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
54
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
13.0%
Largest position
The largest single position as a share of the reported equity book.
79.8%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
13
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 2011: 17 new, 16 added, 15 reduced, 34 exited

50 of 54
KINETIC CONCEPTS INC no ticker–13.0%$185m2.80m–new
GOODRICH CORP no ticker–12.8%$182m1.51m–new
DOLLAR THRIFTY AUTOMOTIVE GP no ticker–11.3%$160m2.84m+44%added
SOUTHERN UN CO no ticker–7.6%$107m2.65m+185%added
SIXEUR SIX FLAGS ENTMT CORP NEW–7.2%$103m3.70m+0.1%held
CEPHALON INC no ticker–7.0%$99.3m1.23m+219%added
JPM JPMORGAN CHASE & COFinancial Services6.3%$89.1m2.96m+1.4%added
BLACKBOARD INC no ticker–5.4%$76.8m1.72m+74%added
VARIAN SEMICONDUCTOR EQUIPMN no ticker–4.9%$69.1m1.13m+11%added
AMERICAN TOWER CORP no ticker–4.2%$59.4m1.10m−14%reduced
MOTOROLA MOBILITY HLDGS INC no ticker–2.4%$34.4m910,000–new
LEAP WIRELESS INTL INC no ticker–2.4%$34.2m4.95m+106%added
DIAMOND FOODS INC no ticker–2.2%$31.0m388,740+57%added
GM General Motors CorpConsumer Cyclical1.4%$20.5m2.04m+0.1%held
SPY SPDR S&P 500 ETF Trust–1.4%$19.3m170,500–new
VERIFONE SYS INC no ticker–1.0%$14.7m419,000–new
CHINA FIRE & SEC GROUP INC no ticker–0.9%$12.1m1.38m+112%added
S1 CORPORATION no ticker–0.8%$11.0m1.20m–new
GRA1EUR GRACE W R & CO DEL NEW–0.6%$8.3m250,000+22%added
IVANHOE MINES LTD no ticker–0.5%$7.7m565,000−13%reduced
MCMORAN EXPLORATION CO no ticker–0.5%$7.2m725,000+45%added
FUSHI COPPERWELD INC no ticker–0.5%$7.2m1.45m–new
ADVANCED ANALOGIC TECHNOLOGIES no ticker–0.5%$6.5m1.50m+588%added
99 CENTS ONLY STORES no ticker–0.5%$6.4m350,000+66%added
TRANSATLANTIC HLDGS INC no ticker–0.4%$6.1m125,000–new
WMB WILLIAMS COS INCEnergy0.4%$5.8m237,500−42%reduced
KEMUSD KEMET CORP–0.4%$5.5m768,196−17%reduced
LYONDELLBASELL INDUSTRIES NV no ticker–0.4%$5.0m205,000+720%added
PHARMERICA CORP no ticker–0.4%$5.0m350,000–new
SANOFI RIGHT 12/31/2020 no ticker–0.3%$4.2m3.96m−24%reduced
LORLUSD LORAL SPACE & COM INC–0.3%$3.8m74,900–new
SCI SERVICE CORP INTLConsumer Cyclical0.3%$3.7m400,000+9.6%added
AIG American International GroupFinancial Services0.2%$3.4m154,000+208%added
AMERICAN INTL GROUP INC *W EXP 01/19/202 no ticker–0.2%$2.8m462,0000.0%held
GS GOLDMAN SACHS GROUP INCFinancial Services0.2%$2.3m24,631−86%reduced
GLOBAL EAGLE ACQUISITION COR UNIT 99/99/9999 no ticker–0.1%$2.0m200,0000.0%held
INN SUMMIT HOTEL PPTYSReal Estate0.1%$1.8m256,377−33%reduced
IDCC INTERDIGITAL INCTechnology0.1%$1.8m38,000–new
NALCO HOLDING COMPANY no ticker–0.1%$1.7m50,000–new
SUNPOWER CORP no ticker–0.09%$1.3m175,000–new
PHARMACEUTICAL PROD DEV INC no ticker–0.09%$1.3m50,000–new
MEDQUIST HLDGS INC no ticker–0.09%$1.2m160,733−25%reduced
PALL CORP no ticker–0.08%$1.1m26,000−81%reduced
TWO HBRS INVT CORP no ticker–0.06%$883k100,000–new
EXEL EXELIXIS INCHealthcare0.06%$874k160,000−16%reduced
VC VISTEON CORPConsumer Cyclical0.06%$860k20,000–new
LOOPNET INC no ticker–0.06%$797k46,500−87%reduced
SPRINT NEXTEL CORP no ticker–0.05%$745k245,000–new
ATP OIL & GAS CORP no ticker–0.05%$701k90,982−73%reduced
FLOTEK INDS INC DEL no ticker–0.04%$572k122,400−55%reduced

Exited since Q2 2011

34 rows
BUCYRUS INTL INC no ticker6.8%$94.4m
NATIONAL SEMICONDUCTOR CORP no ticker4.1%$57.2m
SRA INTL INC no ticker3.5%$48.9m
HYPERCOM CORP no ticker3.2%$45.0m
HARBIN ELECTRIC INC no ticker2.3%$32.7m
GEN-PROBE INC no ticker1.9%$26.9m
ABOVENET INC no ticker1.9%$26.4m
RALCORP HLDGS INC no ticker1.7%$22.9m
LUBRIZOL CORP no ticker1.4%$19.6m
CHINA SEC & SURVE TECH INC no ticker1.4%$19.5m
LIBERTY MEDIA CORP LIB STAR no ticker1.4%$19.3m
MARSHALL & ILSLEY CORP no ticker0.9%$12.9m
BARNES & NOBLE INC no ticker0.8%$11.2m
NYSE EURONEXT no ticker0.7%$9.2m
TG7 TRIUMPH GROUP INC NEW0.5%$7.5m
NII HLDGS INC no ticker0.5%$7.3m
MOS MOSAIC CO0.4%$5.8m
TIMBERLAND CO no ticker0.3%$3.8m
CREXUS INVT CORP no ticker0.3%$3.7m
ITT CORP no ticker0.3%$3.5m
LEVEL 3 COMMUNICATIONS INC no ticker0.2%$2.8m
BIGGQ BIG LOTS INC0.1%$1.9m
MET METLIFE INC0.1%$1.8m
GCAPEUR GAIN CAP HLDGS INC0.1%$1.7m
ROCK-TENN CO no ticker0.1%$1.7m
NOG1EUR NORTHERN OIL & GAS INC NEV0.1%$1.4m
WARNER MUSIC GROUP CORP no ticker0.09%$1.3m
GAP GAP INC0.07%$905k
CUMULUS MEDIA INC no ticker0.06%$859k
VOYAGER OIL & GAS INC no ticker0.06%$832k
EMS TECHNOLOGIES INC no ticker0.05%$659k
OPTIONSXPRESS HLDGS INC no ticker0.02%$317k
AEGERION PHARMACEUTICALS INC no ticker0.02%$266k
GASTAR EXPL INC no ticker0.02%$261k

Sector mix

  • Unclassified90.8%
  • Financial Services6.7%
  • Consumer Cyclical1.8%
  • Energy0.4%
  • Real Estate0.1%
  • Technology0.1%
  • Healthcare0.06%
  • Consumer Defensive0.03%

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