WhaleCreep

Pentwater Capital Management LP 13F holdings, Q1 2013

Hedge fundSEC filingsCompare with another fundHoldings as of 2013-03-31, filed 2013-05-15

Pentwater Capital Management LP disclosed 41 US equity positions worth $1.3bn in its Q1 2013 13F filing. Its largest position is SPRINT NEXTEL CORP at 14.8% of the reported book, followed by VIRGIN MEDIA INC and COVENTRY HEALTH CARE INC. Versus Q4 2012 it opened 13 new positions, added to 11, reduced 15 and exited 16.

$1.3bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
41
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
14.8%
Largest position
The largest single position as a share of the reported equity book.
80.1%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
12
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 Q4 2012: 13 new, 11 added, 15 reduced, 16 exited

41 rows
SPRINT NEXTEL CORP no ticker–14.8%$195m31.41m+66%added
VIRGIN MEDIA INC no ticker–14.1%$186m3.80m–new
COVENTRY HEALTH CARE INC no ticker–12.8%$169m3.60m−0.6%reduced
DELL INC no ticker–10.8%$143m9.98m–new
STEWART ENTERPRISES INC no ticker–7.0%$92.2m9.89m−8.4%reduced
LYONDELLBASELL INDUSTRIES NV no ticker–6.0%$78.8m1.25m+266%added
JPM JPMORGAN CHASE & COFinancial Services4.2%$55.2m1.16m−27%reduced
SIXEUR SIX FLAGS ENTMT CORP NEW–3.5%$46.4m640,000−18%reduced
WMS INDS INC no ticker–3.5%$46.0m1.83m–new
APC3EUR ANADARKO PETE CORP–3.3%$43.7m500,000−46%reduced
ALTERRA CAPITAL HOLDINGS no ticker–2.4%$31.5m1.00m+54%added
GM General Motors CorpConsumer Cyclical2.1%$27.6m1.82m−12%reduced
CHIQUITA BRANDS INTL INC no ticker–1.8%$23.4m3.01m+1212%added
DELPHI AUTOMOTIVE PLC no ticker–1.7%$22.2m500,000−29%reduced
CHIQUITA BRANDS INTL INC no ticker–1.6%$21.6m23.75m+19%added
CITIZENS REPUBLIC BANCORP INC no ticker–1.5%$20.2m893,830+249%added
MCMORAN EXPLORATION CO no ticker–1.3%$17.4m1.06m−64%reduced
ZHONGPIN INC no ticker–1.1%$14.8m1.15m+21%added
GRA1EUR GRACE W R & CO DEL NEW–0.9%$11.6m150,000−43%reduced
ONYX PHARMACEUTICALS INC no ticker–0.7%$8.9m100,000+86%added
NYSE EURONEXT no ticker–0.6%$7.7m200,000−63%reduced
PLAINS EXPLORATION & PRODUCTION CO no ticker–0.5%$6.6m140,000−91%reduced
SPY SPDR S&P 500 ETF Trust–0.5%$6.3m40,000−33%reduced
CYMER INC no ticker–0.4%$5.8m60,000+500%added
MCHB MECHANICS BANCORPFinancial Services0.4%$5.4m240,436−31%reduced
HARRIS TEETER SUPERMARKETS I no ticker–0.4%$4.7m110,000–new
METROPCS COMMUNICATIONS INC no ticker–0.3%$4.4m400,000–new
YONGYE INTL INC no ticker–0.2%$2.9m537,700+796%added
FCX FREEPORT MCMORAN INCBasic Materials0.2%$2.8m85,918–new
LIFE TECHNOLOGIES CORP no ticker–0.2%$2.6m40,000–new
BAC BANK OF AMER CORPFinancial Services0.2%$2.2m182,500+4.3%added
SANOFI RIGHT 12/31/2020 no ticker–0.1%$2.0m1.10m−4.3%reduced
ENERGYSOLUTIONS INC no ticker–0.1%$1.9m500,000–new
AAPL APPLE INCTechnology0.1%$1.8m4,000–new
GS GOLDMAN SACHS GROUP INCFinancial Services0.1%$1.8m12,0000.0%held
LEAP WIRELESS INTL INC no ticker–0.1%$1.4m240,011−95%reduced
ARBITRON INC no ticker–0.07%$937k20,000–new
ELAN PLC no ticker–0.06%$749k63,500–new
FOE FERRO CORP–0.05%$633k93,752–new
OPLN OPENLANE INCConsumer Cyclical0.04%$553k27,600–new
KIPS BAY MED INC no ticker–0.03%$396k311,8000.0%held

Exited since Q4 2012

16 rows
NEXEN INC no ticker12.0%$188m
RALCORP HLDGS INC no ticker10.3%$161m
SHAW GROUP INC no ticker9.4%$148m
WARNACO GROUP INC no ticker5.4%$84.5m
PSS WORLD MED INC no ticker3.3%$52.0m
TNS INC no ticker1.1%$16.6m
SIRIUS XM RADIO INC no ticker0.7%$11.6m
KBW INC no ticker0.3%$5.2m
RETALIX LTD no ticker0.3%$4.7m
SAUER-DANFOSS INC no ticker0.2%$2.7m
TEAVANA HLDGS INC no ticker0.1%$2.1m
AIG American International Group0.1%$1.7m
MIPS TECHNOLOGIES INC no ticker0.09%$1.4m
BEAM INC no ticker0.05%$733k
CUMULUS MEDIA INC no ticker0.03%$425k
YM BIOSCIENCES INC no ticker0.02%$373k

Sector mix

  • Unclassified92.6%
  • Financial Services4.9%
  • Consumer Cyclical2.1%
  • Basic Materials0.2%
  • Technology0.1%

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