WhaleCreep

Pentwater Capital Management LP 13F holdings, Q2 2016

Hedge fundSEC filingsCompare with another fundHoldings as of 2016-06-30, filed 2016-08-15

Pentwater Capital Management LP disclosed 63 US equity positions worth $3.7bn in its Q2 2016 13F filing. Its largest position is E M C CORP MASS at 16.4% of the reported book, followed by LINKEDIN CORP and ALLERGAN PLC. Versus Q1 2016 it opened 29 new positions, added to 9, reduced 16 and exited 14.

$3.7bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
63
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
16.4%
Largest position
The largest single position as a share of the reported equity book.
78.5%
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 Q1 2016: 29 new, 9 added, 16 reduced, 14 exited

50 of 63
E M C CORP MASS no ticker–16.4%$614m22.60m+26%added
LINKEDIN CORP no ticker–13.1%$492m2.60m–new
ALLERGAN PLC no ticker–10.9%$407m1.76m−63%reduced
TRQEUR TURQUOISE HILL RES LTD–8.3%$311m91.88m−12%reduced
MEDIVATION INC no ticker–6.9%$258m4.28m–new
HUM HUMANA INCHealthcare6.4%$239m1.33m−5.9%reduced
SYF SYNCHRONY FINANCIALFinancial Services5.5%$205m8.12m−2.2%reduced
RITE AID CORP no ticker–4.0%$149m19.85m+42%added
ALERE INC no ticker–3.6%$133m3.20m–new
QIHOO 360 TECHNOLOGY CO LTD no ticker–3.5%$132m1.81m–new
COLUMBIA PIPELINE GROUP INC no ticker–2.6%$98.4m3.86m–new
VALEANT PHARMACEUTICALS INTL no ticker–2.1%$78.6m3.90m−11%reduced
ST JUDE MED INC no ticker–2.1%$76.9m986,000–new
DIAMOND RESORTS INTL INC no ticker–1.9%$72.5m2.42m+18%added
AXIALL CORP no ticker–1.3%$48.3m1.48m–new
DREAMWORKS ANIMATION SKG INC no ticker–0.9%$34.7m850,000–new
MONSANTO CO NEW no ticker–0.9%$34.7m335,200–new
SYTUSD SYNGENTA AG–0.9%$33.6m437,899+20%added
ARCPEUR VEREIT INC–0.8%$31.8m3.13m−31%reduced
CABELAS INC no ticker–0.8%$31.0m620,000–new
MEDIA GEN INC NEW no ticker–0.7%$25.6m1.49m+15%added
LDOS LEIDOS HOLDINGS INCTechnology0.5%$17.3m361,150−23%reduced
VIRGIN AMER INC no ticker–0.5%$16.9m300,000+900%added
ENERGY TRANSFER PRTNRS L P no ticker–0.4%$15.2m400,000−3.6%reduced
ESPREUR ESPERION THERAPEUTICS INC NE–0.4%$15.0m1.52m+6.6%added
HEARTWARE INTL INC no ticker–0.3%$12.9m12.92m–new
CAESARS ACQUISITION CO no ticker–0.3%$12.1m1.08m−11%reduced
XURA INC no ticker–0.3%$12.1m495,281–new
HEARTWARE INTL INC no ticker–0.3%$11.6m200,000–new
PRIVATEBANCORP INC no ticker–0.3%$11.0m250,000–new
WMB WILLIAMS COS INCEnergy0.3%$10.8m500,000−76%reduced
CELATOR PHARMACEUTICALS INC no ticker–0.3%$9.5m315,400–new
CST BRANDS INC no ticker–0.2%$8.6m200,000–new
POLYCOM INC no ticker–0.2%$7.9m700,000–new
CHTR CHARTER COMMUNICATIONS INCCommunication Services0.2%$6.7m29,464–new
TUMI HLDGS INC no ticker–0.2%$6.7m250,000–new
CHESAPEAKE ENERGY CORP no ticker–0.2%$6.5m7.00m0.0%held
ET ENERGY TRANSFER LPEnergy0.2%$5.7m400,000+1900%added
AGFSEUR AGROFRESH SOLUTIONS INC–0.1%$4.9m928,314−3.3%reduced
KMI KINDER MORGAN INC DELEnergy0.1%$4.7m250,0000.0%held
DWREEUR DEMANDWARE INC–0.1%$4.5m60,000–new
VIDEOCON D2H LTD no ticker–0.1%$4.4m523,4170.0%held
E-COMMERCE CHINA DANGDANG IN no ticker–0.09%$3.3m540,000–new
SUN SUNOCO LPEnergy0.08%$3.1m105,0000.0%held
QLIK TECHNOLOGIES INC no ticker–0.08%$3.0m100,000–new
STARWOOD HOTELS&RESORTS WRLD no ticker–0.08%$3.0m40,000−99%reduced
CONCORDIA INTL CORP no ticker–0.07%$2.8m130,000–new
SUNOCO LOGISTICS PRTNRS L P no ticker–0.07%$2.4m85,0000.0%held
STARZ no ticker–0.06%$2.2m75,000–new
CHKEUR CHESAPEAKE ENERGY CORP–0.06%$2.1m500,000+900%added

Exited since Q1 2016

14 rows
TIME WARNER CABLE INC no ticker15.9%$999m
SNDK SANDISK CORP11.2%$704m
BAXALTA INC no ticker7.8%$488m
ADT THE ADT CORPORATION3.1%$192m
CAMERON INTERNATIONAL CORP no ticker2.6%$161m
CVCEUR CABLEVISION SYS CORP2.5%$157m
BKR BAKER HUGHES INC1.7%$109m
ATML ATMEL CORP0.7%$45.0m
ODPEUR OFFICE DEPOT INC0.3%$18.6m
YOUKU TUDOU INC no ticker0.3%$15.8m
H HYATT HOTELS CORP0.2%$11.2m
CLECO CORP NEW no ticker0.1%$7.2m
BUD ANHEUSER BUSCH INBEV SA NV0.1%$6.9m
TESLA MTRS INC no ticker0.05%$3.4m

Sector mix

  • Unclassified86.8%
  • Healthcare6.4%
  • Financial Services5.5%
  • Energy0.7%
  • Technology0.5%
  • Communication Services0.2%

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