WhaleCreep

Pentwater Capital Management LP 13F holdings, Q3 2013

Hedge fundSEC filingsCompare with another fundHoldings as of 2013-09-30, filed 2013-11-14

Pentwater Capital Management LP disclosed 80 US equity positions worth $2.4bn in its Q3 2013 13F filing. Its largest position is DELL INC at 13.6% of the reported book, followed by ZTS and LIFE TECHNOLOGIES CORP. Versus Q2 2013 it opened 32 new positions, added to 21, reduced 21 and exited 25.

$2.4bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
80
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
13.6%
Largest position
The largest single position as a share of the reported equity book.
62.5%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
18
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 2013: 32 new, 21 added, 21 reduced, 25 exited

50 of 80
DELL INC no ticker–13.6%$331m24.07m+7.4%added
ZTS ZOETIS INCHealthcare9.9%$241m7.73m−52%reduced
LIFE TECHNOLOGIES CORP no ticker–8.3%$201m2.69m−1.8%reduced
TRQEUR TURQUOISE HILL RES LTD–6.1%$148m33.41m+188%added
LENDER PROCESSING SVCS INC no ticker–5.8%$142m4.26m+433%added
ELAN PLC no ticker–4.8%$116m7.44m+93%added
SPREADTRUM COMMUNICATIONS IN no ticker–4.3%$105m3.44m+760%added
STEWART ENTERPRISES INC no ticker–3.5%$84.5m6.42m−15%reduced
SPY SPDR S&P 500 ETF Trust–3.4%$82.3m490,000+238%added
CTB COOPER TIRE & RUBR CO–2.9%$70.8m2.30m–new
LYONDELLBASELL INDUSTRIES NV no ticker–2.8%$67.9m927,200−44%reduced
HEALTH MGMT ASSOC INC no ticker–2.4%$58.3m4.56m–new
WMS INDS INC no ticker–2.2%$54.4m2.09m−11%reduced
OFFICEMAX INC DEL no ticker–2.2%$53.3m4.17m–new
VIROPHARMA INC no ticker–2.0%$49.1m1.25m–new
GM General Motors CorpConsumer Cyclical1.7%$41.5m1.80m+4.5%added
BELO CORP no ticker–1.6%$39.0m2.84m−8.3%reduced
PACTERA TECHNOLOGY INTL LTD no ticker–1.5%$35.7m6.06m+349%added
EBIXEUR EBIX INC–1.4%$34.9m3.51m+126%added
SIXEUR SIX FLAGS ENTMT CORP NEW–1.4%$33.3m985,000−9.5%reduced
APC3EUR ANADARKO PETE CORP–1.3%$31.6m340,000+28%added
JPM JPMORGAN CHASE & COFinancial Services1.1%$27.7m536,762−33%reduced
HEARTWARE INTL INC no ticker–1.1%$26.4m360,000+71%added
NYSE EURONEXT no ticker–1.0%$23.8m567,932–new
CHIQUITA BRANDS INTL INC no ticker–0.9%$21.0m1.66m−36%reduced
TESLA MTRS INC no ticker–0.8%$20.4m12.00m+71%added
HEARTWARE INTL INC no ticker–0.7%$16.6m15.00m0.0%held
WALTER ENERGY INC no ticker–0.6%$14.6m1.04m−9.3%reduced
DOLE FOOD CO INC NEW no ticker–0.5%$12.9m950,000+19%added
FLYGBP FLY LEASING LTD–0.5%$12.5m900,000–new
YONGYE INTL INC no ticker–0.5%$12.4m2.00m+100%added
STZ CONSTELLATION BRANDS INCConsumer Defensive0.5%$12.3m215,000−61%reduced
BERRY PETE CO no ticker–0.5%$12.1m280,847−37%reduced
ONYX PHARMACEUTICALS INC no ticker–0.5%$11.7m93,878+168%added
RUE21 INC no ticker–0.5%$11.7m290,000+93%added
SILVER EAGLE ACQUISITION COR no ticker–0.4%$10.2m1.00m–new
ICUI ICU MED INCHealthcare0.4%$9.8m145,000+1350%added
SHFL ENTMT INC no ticker–0.4%$9.2m400,000–new
CAPITOL ACQUISITION CORP II no ticker–0.4%$8.7m900,100–new
ZOLTEK COS INC no ticker–0.3%$8.3m494,513–new
ESPREUR ESPERION THERAPEUTICS INC NE–0.3%$8.1m431,054–new
TOWR TOWER INTL INC–0.3%$8.0m400,000–new
SAKS INC no ticker–0.3%$8.0m500,000–new
EDWARDS GROUP LTD no ticker–0.3%$7.9m800,000–new
GRA1EUR GRACE W R & CO DEL NEW–0.3%$7.9m90,0000.0%held
SOURCEFIRE INC no ticker–0.3%$7.6m100,000–new
BRSSUSD GLOBAL BRASS & COPPR HLDGS I–0.3%$7.5m425,000–new
SPRINT CORPORATION no ticker–0.3%$7.2m1.16m–new
ASIAINFO-LINKAGE INC no ticker–0.3%$6.2m540,000+7.5%added
MCHB MECHANICS BANCORPFinancial Services0.3%$6.2m321,778−11%reduced

Exited since Q2 2013

25 rows
PFE PFIZER INC20.2%$765m
SPRINT NEXTEL CORP no ticker16.0%$606m
GARDNER DENVER INC no ticker3.8%$144m
BMC SOFTWARE INC no ticker3.2%$121m
SFD SMITHFIELD FOODS INC0.9%$32.8m
EXACTTARGET INC no ticker0.6%$23.0m
OPTIMER PHARMACEUTICALS INC no ticker0.6%$22.4m
DELPHI AUTOMOTIVE PLC no ticker0.5%$17.7m
AMERISTAR CASINOS INC no ticker0.4%$14.3m
AAPL APPLE INC0.3%$11.5m
FIVE FIVE BELOW INC0.3%$11.1m
CAPITOL ACQUISITION CORP II no ticker0.2%$9.1m
KMI KINDER MORGAN INC DEL0.2%$7.4m
NATIONAL FINL PARTNERS CORP no ticker0.2%$6.3m
VODAFONE GROUP PLC NEW no ticker0.2%$6.0m
OMTHERA PHARMACEUTICALS INC no ticker0.2%$6.0m
WARNER CHILCOTT PLC IRELAND no ticker0.1%$4.5m
COTY COTY INC0.1%$4.4m
POWER ONE INC no ticker0.08%$3.0m
OPLN OPENLANE INC0.05%$1.7m
KINDER MORGAN INC DEL no ticker0.04%$1.6m
LNCOEUR LINNCO LLC0.04%$1.5m
PROLOR BIOTECH INC no ticker0.04%$1.4m
TIME WARNER CABLE INC no ticker0.01%$225k
CLEARWIRE CORP NEW no ticker0.0%$72.0k

Sector mix

  • Unclassified85.4%
  • Healthcare10.4%
  • Consumer Cyclical1.7%
  • Financial Services1.6%
  • Consumer Defensive0.5%
  • Basic Materials0.1%
  • Real Estate0.1%

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