WhaleCreep

Pentwater Capital Management LP 13F holdings, Q3 2012

Hedge fundSEC filingsCompare with another fundHoldings as of 2012-09-30, filed 2012-11-14

Pentwater Capital Management LP disclosed 39 US equity positions worth $1.3bn in its Q3 2012 13F filing. Its largest position is DOLLAR THRIFTY AUTOMOTIVE GP at 16.6% of the reported book, followed by ARIBA INC and COVENTRY HEALTH CARE INC. Versus Q2 2012 it opened 15 new positions, added to 7, reduced 13 and exited 22.

$1.3bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
39
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
16.6%
Largest position
The largest single position as a share of the reported equity book.
78.4%
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 2012: 15 new, 7 added, 13 reduced, 22 exited

39 rows
DOLLAR THRIFTY AUTOMOTIVE GP no ticker–16.6%$224m2.58m−20%reduced
ARIBA INC no ticker–9.6%$130m2.90m+123%added
COVENTRY HEALTH CARE INC no ticker–8.0%$108m2.60m–new
SHAW GROUP INC no ticker–7.8%$106m2.42m–new
NEXEN INC no ticker–7.8%$105m4.16m–new
AMERIGROUP CORP no ticker–6.9%$93.3m1.02m–new
STEWART ENTERPRISES INC no ticker–6.7%$90.7m10.80m0.0%held
SIXEUR SIX FLAGS ENTMT CORP NEW–6.4%$86.2m1.47m−39%reduced
APC3EUR ANADARKO PETE CORP–5.1%$68.5m980,000+78%added
JPM JPMORGAN CHASE & COFinancial Services3.3%$45.1m1.12m−4.3%reduced
DELPHI AUTOMOTIVE PLC no ticker–3.0%$40.3m1.30m−37%reduced
PAR PHARMACEUTICAL COS INC no ticker–2.8%$37.3m746,800–new
LEAP WIRELESS INTL INC no ticker–2.5%$33.7m4.95m0.0%held
FUSHI COPPERWELD INC no ticker–1.9%$26.0m2.86m+9.2%added
META META PLATFORMS INCCommunication Services1.9%$26.0m1.20m+12%added
GM General Motors CorpConsumer Cyclical1.6%$21.9m1.98m−0.9%reduced
GRA1EUR GRACE W R & CO DEL NEW–1.4%$18.3m310,000−38%reduced
LYONDELLBASELL INDUSTRIES NV no ticker–1.1%$15.0m290,000−73%reduced
CHIQUITA BRANDS INTL INC no ticker–0.8%$10.6m12.01m+18%added
SIRIUS XM RADIO INC no ticker–0.8%$10.4m4.00m−20%reduced
MEDICIS PHARMACEUTICAL CORP no ticker–0.6%$7.8m179,725–new
MCHB MECHANICS BANCORPFinancial Services0.5%$7.3m192,840−13%reduced
QUEST SOFTWARE INC no ticker–0.5%$7.0m250,000–new
MCMORAN EXPLORATION CO no ticker–0.4%$6.1m515,000+13%added
ALSN ALLISON TRANSMISSION HLDGS IConsumer Cyclical0.4%$5.2m260,000−5.5%reduced
SPY SPDR S&P 500 ETF Trust–0.3%$4.7m32,500−35%reduced
SANOFI RIGHT 12/31/2020 no ticker–0.2%$2.6m1.55m−61%reduced
BAC BANK OF AMER CORPFinancial Services0.1%$1.8m205,000+64%added
ONYX PHARMACEUTICALS INC no ticker–0.1%$1.7m19,713−96%reduced
GS GOLDMAN SACHS GROUP INCFinancial Services0.1%$1.4m12,0000.0%held
BRIGHTPOINT INC no ticker–0.08%$1.1m120,000–new
DUFF & PHELPS CORP no ticker–0.08%$1.0m75,558–new
CITIZENS REPUBLIC BANCORP IN no ticker–0.07%$983k50,800–new
TPC GROUP INC no ticker–0.06%$792k19,400–new
CAR AVIS BUDGET GROUP INCIndustrials0.05%$615k40,000–new
BANK OF AMERICA CORPORATION 7.25%CNV no ticker–0.03%$436k400–new
CUMULUS MEDIA INC no ticker–0.03%$436k158,994–new
KIPS BAY MED INC no ticker–0.02%$266k146,0000.0%held
ATP OIL & GAS CORPORATION no ticker–0.02%$252k1.80m–new

Exited since Q2 2012

22 rows
GOODRICH CORP no ticker18.2%$292m
AMYLIN PHARMACEUTICALS INC no ticker5.6%$90.8m
GEN-PROBE INC no ticker4.2%$67.4m
HUMAN GENOME SCIENCES INC no ticker3.8%$60.8m
ABOVENET INC no ticker3.8%$60.6m
SOLUTIA INC no ticker2.5%$40.7m
IVANHOE MINES LTD no ticker1.1%$18.2m
LINCARE HOLDINGS INC no ticker0.7%$11.9m
YAHOO INC no ticker0.6%$9.0m
AMERICAN RLTY CAP TR INC no ticker0.5%$7.9m
GEORESOURCES INC no ticker0.4%$6.5m
KNOLOGY INC no ticker0.4%$6.2m
COST PLUS INC CALIF no ticker0.3%$5.5m
HICKS ACQUISITION CO II INC no ticker0.3%$5.1m
AMT AMERICAN TOWER CORP0.2%$2.8m
VC VISTEON CORP0.1%$1.9m
IVANHOE MINES LTD RIGHT 07/19/2012 no ticker0.1%$1.7m
AOL INC no ticker0.04%$702k
BENIHANA INC no ticker0.03%$483k
RAILAMERICA INC no ticker0.03%$481k
RAMTRON INTERNATIONAL CORP no ticker0.01%$214k
TALBOTS INC *W EXP 04/09/2015 no ticker0.0%$4.0k

Sector mix

  • Unclassified91.9%
  • Financial Services4.1%
  • Consumer Cyclical2.0%
  • Communication Services1.9%
  • Industrials0.05%

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