WhaleCreep

Pentwater Capital Management LP 13F holdings, Q4 2011

Hedge fundSEC filingsCompare with another fundHoldings as of 2011-12-31, filed 2012-02-14

Pentwater Capital Management LP disclosed 56 US equity positions worth $2.0bn in its Q4 2011 13F filing. Its largest position is GOODRICH CORP at 10.7% of the reported book, followed by DOLLAR THRIFTY AUTOMOTIVE GP and SIXEUR. Versus Q3 2011 it opened 23 new positions, added to 9, reduced 18 and exited 21.

$2.0bn
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.
10.7%
Largest position
The largest single position as a share of the reported equity book.
64.6%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
19
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 2011: 23 new, 9 added, 18 reduced, 21 exited

50 of 56
GOODRICH CORP no ticker–10.7%$209m1.69m+12%added
DOLLAR THRIFTY AUTOMOTIVE GP no ticker–8.9%$173m2.47m−13%reduced
SIXEUR SIX FLAGS ENTMT CORP NEW–7.7%$150m3.64m−1.7%reduced
PHARMASSET INC no ticker–7.7%$150m1.17m–new
HEALTHSPRING INC no ticker–5.6%$110m2.02m–new
TRANSATLANTIC HLDGS INC no ticker–5.5%$107m1.95m+1460%added
EL PASO CORP no ticker–5.4%$106m4.00m–new
JPM JPMORGAN CHASE & COFinancial Services4.8%$94.3m2.84m−4.1%reduced
SUCCESSFACTORS INC no ticker–4.3%$83.7m2.10m–new
MOTOROLA MOBILITY HLDGS INC no ticker–4.1%$79.2m2.04m+124%added
99 CENTS ONLY STORES no ticker–3.9%$75.4m3.43m+881%added
ONYX PHARMACEUTICALS INC no ticker–2.9%$57.1m1.30m–new
BLUE COAT SYSTEMS INC no ticker–2.7%$53.8m2.11m–new
DELPHI AUTOMOTIVE PLC no ticker–2.7%$53.6m2.49m–new
AMERICAN TOWER CORP no ticker–2.7%$51.9m865,000−22%reduced
LOOPNET INC no ticker–2.5%$49.7m2.72m+5745%added
LEAP WIRELESS INTL INC no ticker–2.4%$46.0m4.95m0.0%held
SONOSITE INC no ticker–1.9%$37.0m687,424–new
COMPLETE PRODUCTION SERVICES no ticker–1.5%$29.5m878,400–new
RIGHTNOW TECHNOLOGIES INC no ticker–1.3%$25.2m590,000–new
CONSTELLATION ENERGY GROUP I no ticker–1.3%$25.0m630,205–new
DIAMOND FOODS INC no ticker–1.0%$20.5m635,256+63%added
S1 CORPORATION no ticker–1.0%$20.3m2.12m+77%added
GM General Motors CorpConsumer Cyclical1.0%$19.8m2.03m−0.4%held
RSC HOLDINGS INC no ticker–1.0%$18.6m1.01m–new
YAHOO INC no ticker–0.6%$11.9m740,000–new
NETLOGIC MICROSYSTEMS INC no ticker–0.5%$10.4m208,942–new
MCMORAN EXPLORATION CO no ticker–0.5%$10.2m700,000−3.4%reduced
GRA1EUR GRACE W R & CO DEL NEW–0.5%$9.8m214,000−14%reduced
LYONDELLBASELL INDUSTRIES NV no ticker–0.4%$8.7m269,000+31%added
ADVANCED ANALOGIC TECHNOLOGIES no ticker–0.4%$6.9m1.20m−20%reduced
LRCX LAM RESEARCH CORPTechnology0.3%$6.4m173,873–new
SPY SPDR S&P 500 ETF Trust–0.3%$5.6m45,000−74%reduced
CROWN CASTLE INTL CORP no ticker–0.3%$5.6m125,000–new
SANOFI RIGHT 12/31/2020 no ticker–0.2%$4.8m3.96m0.0%held
PHARMERICA CORP no ticker–0.2%$4.5m297,700−15%reduced
MLM MARTIN MARIETTA MATLS INCBasic Materials0.2%$4.3m57,500–new
IVANHOE MINES LTD no ticker–0.2%$4.0m223,000−61%reduced
ATP OIL & GAS CORP no ticker–0.2%$3.3m450,000+395%added
GLOBAL EAGLE ACQUISITION COR UNIT no ticker–0.1%$2.0m200,0000.0%held
MORTONS RESTAURANT GRP IN no ticker–0.07%$1.4m198,006–new
GS GOLDMAN SACHS GROUP INCFinancial Services0.06%$1.3m14,000−43%reduced
CMC COMMERCIAL METALS COIndustrials0.06%$1.2m90,000–new
AMERICAN INTL GROUP INC W EXP 01/19/2021 no ticker–0.06%$1.2m214,573−54%reduced
TWO HBRS INVT CORP no ticker–0.04%$874k94,562−5.4%reduced
COGDELL SPENCER INC no ticker–0.04%$850k200,000–new
VMC VULCAN MATLS COBasic Materials0.04%$787k20,000–new
FLOTEK INDS INC DEL no ticker–0.04%$697k70,000−43%reduced
TALBOTS INC no ticker–0.03%$676k254,317–new
PALL CORP no ticker–0.03%$547k9,580−63%reduced

Exited since Q3 2011

21 rows
KINETIC CONCEPTS INC no ticker13.0%$185m
SOUTHERN UN CO no ticker7.6%$107m
CEPHALON INC no ticker7.0%$99.3m
BLACKBOARD INC no ticker5.4%$76.8m
VARIAN SEMICONDUCTOR EQUIPMN no ticker4.9%$69.1m
VERIFONE SYS INC no ticker1.0%$14.7m
CHINA FIRE & SEC GROUP INC no ticker0.9%$12.1m
FUSHI COPPERWELD INC no ticker0.5%$7.2m
WMB WILLIAMS COS INC0.4%$5.8m
KEMUSD KEMET CORP0.4%$5.5m
AIG American International Group0.2%$3.4m
INN SUMMIT HOTEL PPTYS0.1%$1.8m
IDCC INTERDIGITAL INC0.1%$1.8m
NALCO HOLDING COMPANY no ticker0.1%$1.7m
SUNPOWER CORP no ticker0.09%$1.3m
PHARMACEUTICAL PROD DEV INC no ticker0.09%$1.3m
MEDQUIST HLDGS INC no ticker0.09%$1.2m
EXEL EXELIXIS INC0.06%$874k
VC VISTEON CORP0.06%$860k
PG PROCTER & GAMBLE CO0.03%$417k
MIPS TECHNOLOGIES INC no ticker0.01%$97.0k

Sector mix

  • Unclassified93.4%
  • Financial Services4.9%
  • Consumer Cyclical1.0%
  • Technology0.3%
  • Basic Materials0.3%
  • Industrials0.06%

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