WhaleCreep

Pentwater Capital Management LP 13F holdings, Q2 2015

Hedge fundSEC filingsCompare with another fundHoldings as of 2015-06-30, filed 2015-08-14

Pentwater Capital Management LP disclosed 103 US equity positions worth $11.5bn in its Q2 2015 13F filing. Its largest position is DIRECTV at 9.8% of the reported book, followed by AVGO and TIME WARNER CABLE INC. Versus Q1 2015 it opened 47 new positions, added to 21, reduced 26 and exited 37.

$11.5bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
103
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
9.8%
Largest position
The largest single position as a share of the reported equity book.
60.4%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
21
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 2015: 47 new, 21 added, 26 reduced, 37 exited

50 of 103
DIRECTV no ticker–9.8%$1.1bn12.15m+8.5%added
AVGO BROADCOM CORPTechnology9.2%$1.1bn20.61m–new
TIME WARNER CABLE INC no ticker–8.5%$974m5.47m+89%added
HOSPIRA INC no ticker–5.6%$639m7.20m+16%added
PALL CORP no ticker–5.4%$616m4.95m–new
CATAMARAN CORP no ticker–5.3%$611m10.00m+178%added
ALTERA CORP no ticker–5.0%$573m11.20m+689%added
FAMILY DLR STORES INC no ticker–4.0%$459m5.83m+14%added
TRQEUR TURQUOISE HILL RES LTD–3.9%$451m119.02m−13%reduced
PRGO PERRIGO CO PLCHealthcare3.7%$427m2.31m–new
BKR BAKER HUGHES INCEnergy3.7%$423m6.85m+7.5%added
HUM HUMANA INCHealthcare3.4%$392m2.05m–new
DRCEUR DRESSER-RAND GROUP INC–3.0%$341m4.00m+25%added
OMNICARE INC no ticker–2.9%$333m3.54m–new
WMB WILLIAMS COS INCEnergy2.3%$268m4.66m–new
MYLAN NV no ticker–2.2%$256m3.78m–new
INFORMATICA CORP no ticker–2.0%$233m4.81m+1826%added
AETNA INC NEW no ticker–1.9%$214m1.68m–new
CHARTER COMMUNICATIONS INC D no ticker–1.8%$204m1.19m–new
FREESCALE SEMICONDUCTOR LTD no ticker–1.4%$164m4.10m+165%added
SIGMA ALDRICH CORP no ticker–1.2%$143m1.02m–new
ESPREUR ESPERION THERAPEUTICS INC NE–1.1%$124m1.52m+17%added
CIGNA CORPORATION no ticker–1.0%$110m680,000–new
AMERICAN RLTY CAP PPTYS INC no ticker–0.9%$101m12.39m+0.1%held
GM General Motors CorpConsumer Cyclical0.9%$101m3.02m−2.3%reduced
HUDSON CITY BANCORP no ticker–0.9%$99.6m10.08m+368%added
ODPEUR OFFICE DEPOT INC–0.8%$90.9m10.50m−23%reduced
DIAMOND RESORTS INTL INC no ticker–0.8%$87.3m2.77m−6.7%reduced
SPY SPDR S&P 500 ETF Trust–0.8%$86.4m419,550−33%reduced
IGATE CORP no ticker–0.5%$55.9m1.17m–new
DHR DANAHER CORP DELHealthcare0.4%$45.0m525,200–new
YELP YELP INCCommunication Services0.3%$39.5m918,400–new
TESLA MTRS INC no ticker–0.3%$34.9m16.00m0.0%held
TAP MOLSON COORS BEVERAGE COConsumer Defensive0.3%$34.2m490,000−22%reduced
PREJF PARTNERRE LTDFinancial Services0.3%$33.4m260,000–new
CBS CORP NEW no ticker–0.3%$30.9m557,466+47%added
BIO-REFERENCE LABS INC no ticker–0.3%$29.0m702,892–new
HERBALIFE LTD no ticker–0.2%$27.2m30.50m0.0%held
GE GENERAL ELECTRIC COIndustrials0.2%$26.6m1.00m–new
NTCT NETSCOUT SYS INCTechnology0.2%$23.1m630,283+530%added
PERFECT WORLD CO LTD no ticker–0.2%$21.8m1.10m–new
BOULEVARD ACQUISITION CORP no ticker–0.2%$21.2m1.70m−4.5%reduced
YAHOO INC no ticker–0.2%$19.6m500,000–new
VZ VERIZON COMMUNICATIONS INCCommunication Services0.2%$18.6m400,000–new
HERTZ GLOBAL HOLDINGS INC no ticker–0.2%$18.3m1.01m+51%added
MAC MACERICH COReal Estate0.1%$14.9m200,000–new
VIDEOCON D2H LTD no ticker–0.1%$14.0m1.11m–new
CZREUR CAESARS ENTMT CORP–0.1%$13.6m2.22m−30%reduced
KYTHERA BIOPHARMACEUTICALS I no ticker–0.1%$13.6m180,000−35%reduced
CHINA MOBILE GAMES & ENTMT G no ticker–0.1%$13.5m638,322–new

Exited since Q1 2015

37 rows
SALIX PHARMACEUTICALS INC no ticker9.1%$652m
PHARMACYCLICS INC no ticker7.9%$572m
TRW AUTOMOTIVE HLDGS CORP no ticker5.0%$362m
TALISMAN ENERGY INC no ticker2.3%$163m
EXELIS INC no ticker2.1%$151m
INTERNATIONAL GAME TECHNOLOG no ticker1.5%$105m
ARUBA NETWORKS INC no ticker1.1%$78.4m
OXY OCCIDENTAL PETE CORP0.4%$29.2m
SYK STRYKER CORPORATION0.4%$27.7m
REYNOLDS AMERICAN INC no ticker0.3%$21.3m
T86 TRI POINTE HOMES INC0.2%$17.7m
ACTAVIS PLC no ticker0.2%$17.2m
HEARTWARE INTL INC no ticker0.2%$16.0m
AUSPEX PHARMACEUTICALS INC no ticker0.2%$15.1m
AXIS CAP HLDGS LTD no ticker0.2%$13.2m
LORILLARD INC no ticker0.2%$13.1m
JPM JPMORGAN CHASE & CO0.2%$13.1m
HYPERION THERAPEUTICS INC no ticker0.2%$12.4m
ADVENT SOFTWARE INC no ticker0.09%$6.4m
COURIER CORP no ticker0.08%$5.8m
OEC ORION S.A.0.06%$4.3m
FOUNDATION MEDICINE INC no ticker0.06%$4.1m
ACTAVIS PLC no ticker0.05%$3.7m
RTI INTL METALS INC no ticker0.05%$3.6m
MCHB MECHANICS BANCORP0.05%$3.3m
ALLY ALLY FINL INC0.04%$3.0m
CCS CENTURY CMNTYS INC0.03%$2.4m
GS GOLDMAN SACHS GROUP INC0.03%$2.3m
LIFE TIME FITNESS INC no ticker0.02%$1.8m
INTERXION HOLDING N.V no ticker0.02%$1.2m
ANF ABERCROMBIE & FITCH CO0.02%$1.1m
RIVERBED TECHNOLOGY INC no ticker0.01%$1.0m
GRA1EUR GRACE W R & CO DEL NEW0.01%$989k
PTCT PTC THERAPEUTICS INC0.01%$609k
CAESARS ACQUISITION CO no ticker0.01%$476k
KRAFT FOODS GROUP INC no ticker0.0%$261k
WALTER ENERGY INC no ticker0.0%$160k

Sector mix

  • Unclassified74.2%
  • Technology9.5%
  • Healthcare7.7%
  • Energy6.0%
  • Consumer Cyclical0.9%
  • Communication Services0.5%
  • Consumer Defensive0.4%
  • Financial Services0.4%
  • Industrials0.3%
  • Real Estate0.2%
  • Basic Materials0.01%

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