WhaleCreep

Pentwater Capital Management LP 13F holdings, Q2 2013

Hedge fundSEC filingsCompare with another fundHoldings as of 2013-06-30, filed 2013-08-14

Pentwater Capital Management LP disclosed 73 US equity positions worth $3.8bn in its Q2 2013 13F filing. Its largest position is PFE at 20.2% of the reported book, followed by SPRINT NEXTEL CORP and ZTS. Versus Q1 2013 it opened 48 new positions, added to 12, reduced 11 and exited 16.

$3.8bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
73
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
20.2%
Largest position
The largest single position as a share of the reported equity book.
77.2%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
10
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 Q1 2013: 48 new, 12 added, 11 reduced, 16 exited

50 of 73
PFE PFIZER INCHealthcare20.2%$765m27.31m–new
SPRINT NEXTEL CORP no ticker–16.0%$606m86.37m+175%added
ZTS ZOETIS INCHealthcare13.1%$498m16.11m–new
DELL INC no ticker–7.9%$299m22.42m+125%added
LIFE TECHNOLOGIES CORP no ticker–5.3%$203m2.74m+6751%added
GARDNER DENVER INC no ticker–3.8%$144m1.91m–new
BMC SOFTWARE INC no ticker–3.2%$121m2.69m–new
LYONDELLBASELL INDUSTRIES NV no ticker–2.9%$110m1.66m+34%added
STEWART ENTERPRISES INC no ticker–2.6%$99.7m7.60m−23%reduced
U S AIRWAYS GROUP INC no ticker–2.2%$82.3m5.01m–new
TRQEUR TURQUOISE HILL RES LTD–1.8%$68.8m11.60m–new
WMS INDS INC no ticker–1.6%$60.0m2.35m+29%added
ELAN PLC no ticker–1.4%$54.4m3.85m+5963%added
BELO CORP no ticker–1.1%$43.3m3.10m–new
JPM JPMORGAN CHASE & COFinancial Services1.1%$42.4m803,514−31%reduced
SIXEUR SIX FLAGS ENTMT CORP NEW–1.0%$38.3m1.09m+70%added
GM General Motors CorpConsumer Cyclical0.9%$34.7m1.72m−5.3%reduced
SFD SMITHFIELD FOODS INCConsumer Defensive0.9%$32.8m1.00m–new
STZ CONSTELLATION BRANDS INCConsumer Defensive0.8%$29.0m556,114–new
CHIQUITA BRANDS INTL INC no ticker–0.7%$28.1m2.57m−15%reduced
LENDER PROCESSING SVCS INC no ticker–0.7%$25.9m800,000–new
SPY SPDR S&P 500 ETF Trust–0.6%$23.3m145,000+263%added
EXACTTARGET INC no ticker–0.6%$23.0m680,800–new
APC3EUR ANADARKO PETE CORP–0.6%$22.8m265,055−47%reduced
OPTIMER PHARMACEUTICALS INC no ticker–0.6%$22.4m1.55m–new
HEARTWARE INTL INC no ticker–0.5%$20.0m210,000–new
BERRY PETE CO no ticker–0.5%$19.0m448,443–new
HEARTWARE INTL INC no ticker–0.5%$18.8m15.00m–new
DELPHI AUTOMOTIVE PLC no ticker–0.5%$17.7m350,000−30%reduced
CHIQUITA BRANDS INTL INC no ticker–0.5%$17.5m18.00m−24%reduced
EBIXEUR EBIX INC–0.4%$14.4m1.55m–new
AMERISTAR CASINOS INC no ticker–0.4%$14.3m542,982–new
WALTER ENERGY INC no ticker–0.3%$12.0m1.15m–new
AAPL APPLE INCTechnology0.3%$11.5m29,000+625%added
FIVE FIVE BELOW INCConsumer Cyclical0.3%$11.1m300,000–new
SPREADTRUM COMMUNICATIONS IN no ticker–0.3%$10.5m400,000–new
DOLE FOOD CO INC NEW no ticker–0.3%$10.1m795,633–new
PACTERA TECHNOLOGY INTL LTD no ticker–0.2%$9.1m1.35m–new
CAPITOL ACQUISITION CORP II no ticker–0.2%$9.1m900,000–new
TESLA MTRS INC no ticker–0.2%$7.9m7.00m–new
CSTM CONSTELLIUM SEBasic Materials0.2%$7.9m489,577–new
MCHB MECHANICS BANCORPFinancial Services0.2%$7.8m362,338+51%added
GRA1EUR GRACE W R & CO DEL NEW–0.2%$7.6m90,000−40%reduced
KMI KINDER MORGAN INC DELEnergy0.2%$7.4m195,000–new
NATIONAL FINL PARTNERS CORP no ticker–0.2%$6.3m248,375–new
RUE21 INC no ticker–0.2%$6.2m150,000–new
VODAFONE GROUP PLC NEW no ticker–0.2%$6.0m210,411–new
OMTHERA PHARMACEUTICALS INC no ticker–0.2%$6.0m449,535–new
ASIAINFO-LINKAGE INC no ticker–0.2%$5.8m502,484–new
YONGYE INTL INC no ticker–0.1%$5.3m1.00m+86%added

Exited since Q1 2013

16 rows
VIRGIN MEDIA INC no ticker14.1%$186m
COVENTRY HEALTH CARE INC no ticker12.8%$169m
ALTERRA CAPITAL HOLDINGS no ticker2.4%$31.5m
CITIZENS REPUBLIC BANCORP INC no ticker1.5%$20.2m
MCMORAN EXPLORATION CO no ticker1.3%$17.4m
ZHONGPIN INC no ticker1.1%$14.8m
NYSE EURONEXT no ticker0.6%$7.7m
PLAINS EXPLORATION & PRODUCTION CO no ticker0.5%$6.6m
CYMER INC no ticker0.4%$5.8m
HARRIS TEETER SUPERMARKETS I no ticker0.4%$4.7m
METROPCS COMMUNICATIONS INC no ticker0.3%$4.4m
FCX FREEPORT MCMORAN INC0.2%$2.8m
ENERGYSOLUTIONS INC no ticker0.1%$1.9m
LEAP WIRELESS INTL INC no ticker0.1%$1.4m
ARBITRON INC no ticker0.07%$937k
FOE FERRO CORP0.05%$633k

Sector mix

  • Unclassified61.4%
  • Healthcare33.3%
  • Consumer Defensive1.7%
  • Financial Services1.5%
  • Consumer Cyclical1.3%
  • Technology0.3%
  • Basic Materials0.2%
  • Energy0.2%
  • Real Estate0.10%

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