WhaleCreep

Pentwater Capital Management LP 13F holdings, Q3 2015

Hedge fundSEC filingsCompare with another fundHoldings as of 2015-09-30, filed 2015-11-16

Pentwater Capital Management LP disclosed 88 US equity positions worth $7.3bn in its Q3 2015 13F filing. Its largest position is AVGO at 15.7% of the reported book, followed by TIME WARNER CABLE INC and PRECISION CASTPARTS CORP. Versus Q2 2015 it opened 35 new positions, added to 16, reduced 32 and exited 50.

$7.3bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
88
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
15.7%
Largest position
The largest single position as a share of the reported equity book.
72.8%
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 2015: 35 new, 16 added, 32 reduced, 50 exited

50 of 88
AVGO BROADCOM CORPTechnology15.7%$1.1bn22.10m+7.2%added
TIME WARNER CABLE INC no ticker–13.2%$956m5.33m−2.5%reduced
PRECISION CASTPARTS CORP no ticker–10.5%$764m3.33m–new
ALTERA CORP no ticker–9.6%$694m13.85m+24%added
BKR BAKER HUGHES INCEnergy5.9%$429m8.24m+20%added
HUM HUMANA INCHealthcare4.6%$336m1.88m−8.3%reduced
PRGO PERRIGO CO PLCHealthcare4.4%$316m2.01m−13%reduced
TRQEUR TURQUOISE HILL RES LTD–4.1%$298m116.71m−1.9%reduced
SIGMA ALDRICH CORP no ticker–2.5%$181m1.30m+27%added
CVCEUR CABLEVISION SYS CORP–2.4%$172m5.30m–new
FREESCALE SEMICONDUCTOR LTD no ticker–2.1%$153m4.17m+1.7%added
WMB WILLIAMS COS INCEnergy1.8%$128m3.48m−25%reduced
CAMERON INTERNATIONAL CORP no ticker–1.7%$123m2.00m–new
STRATEGIC HOTELS & RESORTS I no ticker–1.6%$115m8.32m–new
DEALERTRACK TECHNOLOGIES INC no ticker–1.5%$109m1.72m+734%added
AVOLON HLDGS LTD no ticker–1.4%$101m3.31m+2149%added
SYF SYNCHRONY FINANCIALFinancial Services1.3%$95.5m3.05m+1426%added
CYTEC INDS INC no ticker–1.1%$80.4m1.09m–new
CIGNA CORPORATION no ticker–1.1%$80.3m595,000−13%reduced
HUDSON CITY BANCORP no ticker–1.0%$71.3m7.01m−30%reduced
KYTHERA BIOPHARMACEUTICALS I no ticker–0.9%$64.5m860,000+378%added
DIAMOND RESORTS INTL INC no ticker–0.9%$62.7m2.68m−3.2%reduced
ARCPEUR VEREIT INC–0.8%$60.6m7.85m–new
PREJF PARTNERRE LTDFinancial Services0.8%$56.9m410,000+58%added
SOLERA HOLDINGS INC no ticker–0.7%$54.0m1.00m–new
CHARTER COMMUNICATIONS INC D no ticker–0.6%$39.9m226,914−81%reduced
MYLAN NV no ticker–0.5%$38.6m960,000−75%reduced
ESPREUR ESPERION THERAPEUTICS INC NE–0.5%$34.2m1.45m−4.5%reduced
TESLA MTRS INC no ticker–0.5%$32.7m16.00m0.0%held
DOW CHEM CO no ticker–0.4%$32.5m766,500–new
HEALTH NET INC no ticker–0.4%$32.2m534,000–new
OM GROUP INC no ticker–0.4%$32.1m975,000+189%added
GE GENERAL ELECTRIC COIndustrials0.4%$27.4m1.09m+8.7%added
ZS PHARMA INC no ticker–0.4%$26.8m407,428–new
THORATEC CORP no ticker–0.4%$26.2m414,142–new
HERBALIFE LTD no ticker–0.3%$25.4m28.50m−6.6%reduced
GM General Motors CorpConsumer Cyclical0.3%$24.0m800,000−74%reduced
CON-WAY INC no ticker–0.3%$18.4m386,759–new
TAP MOLSON COORS BEVERAGE COConsumer Defensive0.3%$18.3m220,000−55%reduced
AAL AMERICAN AIRLINES GROUP INCIndustrials0.2%$17.2m443,539+97%added
T AT&T INCCommunication Services0.2%$16.7m512,047–new
ODPEUR OFFICE DEPOT INC–0.2%$13.8m2.15m−80%reduced
YODLEE INC no ticker–0.2%$13.7m850,000–new
WUXI PHARMATECH CAYMAN INC no ticker–0.2%$13.0m300,000+200%added
AGFSEUR AGROFRESH SOLUTIONS INC–0.2%$11.9m1.50m–new
TECO ENERGY INC no ticker–0.1%$8.9m340,000–new
VIDEOCON D2H LTD no ticker–0.1%$8.7m900,000−19%reduced
GP INVTS ACQUISITION COR no ticker–0.1%$7.6m770,130–new
ALLERGAN PLC no ticker–0.1%$7.6m28,047+163%added
YAHOO INC no ticker–0.1%$7.5m260,000−48%reduced

Exited since Q2 2015

50 rows
DIRECTV no ticker9.8%$1.1bn
HOSPIRA INC no ticker5.6%$639m
PALL CORP no ticker5.4%$616m
CATAMARAN CORP no ticker5.3%$611m
FAMILY DLR STORES INC no ticker4.0%$459m
DRCEUR DRESSER-RAND GROUP INC3.0%$341m
OMNICARE INC no ticker2.9%$333m
INFORMATICA CORP no ticker2.0%$233m
AETNA INC NEW no ticker1.9%$214m
AMERICAN RLTY CAP PPTYS INC no ticker0.9%$101m
IGATE CORP no ticker0.5%$55.9m
DHR DANAHER CORP DEL0.4%$45.0m
YELP YELP INC0.3%$39.5m
BIO-REFERENCE LABS INC no ticker0.3%$29.0m
NTCT NETSCOUT SYS INC0.2%$23.1m
PERFECT WORLD CO LTD no ticker0.2%$21.8m
BOULEVARD ACQUISITION CORP no ticker0.2%$21.2m
VZ VERIZON COMMUNICATIONS INC0.2%$18.6m
MAC MACERICH CO0.1%$14.9m
CHINA MOBILE GAMES & ENTMT G no ticker0.1%$13.5m
OPK OPKO HEALTH INC0.1%$12.2m
ALLERGAN PLC no ticker0.09%$10.5m
KMPHUSD KEMPHARM INC0.08%$8.9m
GP INVTS ACQUISITION COR no ticker0.07%$8.0m
CAPITOL ACQUISITION CORP II no ticker0.06%$7.4m
TORNIER N V no ticker0.06%$7.1m
OCUL OCULAR THERAPEUTIX INC0.05%$6.2m
CYBERONICS INC no ticker0.04%$4.6m
LYONDELLBASELL INDUSTRIES NV no ticker0.04%$4.1m
INOTEK PHARMACEUTICALS CORP no ticker0.03%$3.9m
TOWR TOWER INTL INC0.03%$3.3m
BOULEVARD ACQUISITION CORP no ticker0.03%$3.2m
AERCAP HOLDINGS NV no ticker0.02%$2.3m
FURMANITE CORPORATION no ticker0.02%$2.3m
FOAMIX PHARMACEUTICALS LTD no ticker0.02%$2.0m
INOTEK PHARMACEUTICALS CORP no ticker0.02%$2.0m
SNCREUR SYNCHRONOSS TECHNOLOGIES INC0.02%$1.8m
COLL COLLEGIUM PHARMACEUTICAL INC0.02%$1.8m
NIVALIS THERAPEUTICS INC no ticker0.01%$1.5m
CSTM CONSTELLIUM SE0.01%$1.4m
POLYPORE INTL INC no ticker0.01%$1.2m
BLUE BIRD CORP no ticker0.01%$1.0m
GRAFTECH INTL LTD no ticker0.01%$670k
INVUITY INC no ticker0.01%$666k
NMIH NMI HLDGS INC0.0%$401k
CAPITOL ACQUISITION CORP II no ticker0.0%$400k
AXOVANT SCIENCES LTD no ticker0.0%$306k
ZTS ZOETIS INC0.0%$303k
MDT Medtronic Plc0.0%$170k
SFX ENTMT INC no ticker0.0%$56.0k

Sector mix

  • Unclassified63.9%
  • Technology15.7%
  • Healthcare9.0%
  • Energy7.7%
  • Financial Services2.1%
  • Industrials0.6%
  • Consumer Cyclical0.4%
  • Consumer Defensive0.3%
  • Communication Services0.2%
  • Basic Materials0.0%
  • Real Estate0.0%

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