WhaleCreep

Pentwater Capital Management LP 13F holdings, Q3 2016

Hedge fundSEC filingsCompare with another fundHoldings as of 2016-09-30, filed 2016-11-14

Pentwater Capital Management LP disclosed 71 US equity positions worth $5.4bn in its Q3 2016 13F filing. Its largest position is PG at 31.7% of the reported book, followed by LINKEDIN CORP and ALLERGAN PLC. Versus Q2 2016 it opened 35 new positions, added to 12, reduced 16 and exited 27.

$5.4bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
71
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
31.7%
Largest position
The largest single position as a share of the reported equity book.
76.6%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
8
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 2016: 35 new, 12 added, 16 reduced, 27 exited

50 of 71
PG PROCTER & GAMBLE COConsumer Defensive31.7%$1.7bn19.17m–new
LINKEDIN CORP no ticker–12.8%$693m3.63m+39%added
ALLERGAN PLC no ticker–6.0%$325m1.41m−20%reduced
TRQEUR TURQUOISE HILL RES LTD–5.2%$282m95.00m+3.4%added
SYF SYNCHRONY FINANCIALFinancial Services4.2%$227m8.12m0.0%held
WHITEWAVE FOODS CO no ticker–4.0%$218m4.00m–new
DELL DELL TECHNOLOGIES INCTechnology3.8%$206m4.32m–new
COTY COTY INCConsumer Defensive3.2%$174m7.40m–new
HUM HUMANA INCHealthcare2.9%$159m900,000−32%reduced
RITE AID CORP no ticker–2.8%$154m20.00m+0.8%added
TOBIRA THERAPEUTICS INC no ticker–2.7%$147m3.70m–new
NXPI NXP SEMICONDUCTORS N VTechnology1.7%$90.8m890,000–new
ALERE INC no ticker–1.5%$80.4m1.86m−42%reduced
SPY SPDR S&P 500 ETF Trust–1.5%$80.0m370,000–new
ST JUDE MED INC no ticker–1.3%$71.7m898,500−8.9%reduced
VALEANT PHARMACEUTICALS INTL no ticker–1.3%$71.2m2.90m−26%reduced
SYTUSD SYNGENTA AG–1.0%$54.0m616,899+41%added
INTEROIL CORP no ticker–0.9%$50.9m1.00m–new
CST BRANDS INC no ticker–0.9%$50.5m1.05m+425%added
TWTRUSD TWITTER INC–0.7%$38.9m1.69m–new
MONSANTO CO NEW no ticker–0.7%$38.8m380,000+13%added
AETNA INC NEW no ticker–0.7%$38.1m330,000–new
N2EUR NETSUITE INC–0.6%$34.3m310,000–new
PRESS GANEY HLDGS INC no ticker–0.6%$32.3m800,000–new
MEDIA GEN INC NEW no ticker–0.6%$31.3m1.70m+14%added
BFH BREAD FINANCIAL HOLDINGS INCFinancial Services0.5%$29.6m138,000–new
IMPERVA INC no ticker–0.5%$27.9m520,000–new
CABELAS INC no ticker–0.5%$27.2m495,790−20%reduced
VIRGIN AMER INC no ticker–0.4%$21.4m400,000+33%added
ESPREUR ESPERION THERAPEUTICS INC NE–0.4%$21.3m1.54m+1.2%added
RACKSPACE HOSTING INC no ticker–0.3%$17.4m547,746–new
PRIVATEBANCORP INC no ticker–0.3%$15.9m345,500+38%added
INTERSIL CORP no ticker–0.3%$15.6m710,000–new
WMB WILLIAMS COS INCEnergy0.3%$15.4m500,0000.0%held
ENERGY TRANSFER PRTNRS L P no ticker–0.3%$14.8m400,0000.0%held
ISLE OF CAPRI CASINOS INC no ticker–0.3%$14.3m641,000–new
CAESARS ACQUISITION CO no ticker–0.2%$13.1m1.06m−2.4%reduced
FMC TECHNOLOGIES INC no ticker–0.2%$12.8m430,000–new
CEPHEID no ticker–0.2%$10.5m200,000–new
NAVIGATORS GROUP INC no ticker–0.2%$9.8m101,500–new
FLEETMATICS GROUP PLC no ticker–0.2%$9.0m150,000–new
ITC HLDGS CORP no ticker–0.2%$8.4m180,000–new
CTH CYNAPSUS THERAPEUTICS INC–0.1%$8.0m200,000–new
T8S TESARO INC–0.1%$7.0m70,000–new
CHEMTURA CORP no ticker–0.1%$6.6m200,000–new
VMWEUR VMWARE INC–0.1%$5.8m78,554–new
ET ENERGY TRANSFER LPEnergy0.09%$5.0m300,000−25%reduced
WCI CMNTYS INC no ticker–0.09%$4.7m200,000–new
KMI KINDER MORGAN INC DELEnergy0.09%$4.6m200,000−20%reduced
VIDEOCON D2H LTD no ticker–0.08%$4.6m470,509−10%reduced

Exited since Q2 2016

27 rows
E M C CORP MASS no ticker16.4%$614m
MEDIVATION INC no ticker6.9%$258m
QIHOO 360 TECHNOLOGY CO LTD no ticker3.5%$132m
COLUMBIA PIPELINE GROUP INC no ticker2.6%$98.4m
DIAMOND RESORTS INTL INC no ticker1.9%$72.5m
AXIALL CORP no ticker1.3%$48.3m
DREAMWORKS ANIMATION SKG INC no ticker0.9%$34.7m
ARCPEUR VEREIT INC0.8%$31.8m
LDOS LEIDOS HOLDINGS INC0.5%$17.3m
HEARTWARE INTL INC no ticker0.3%$12.9m
XURA INC no ticker0.3%$12.1m
HEARTWARE INTL INC no ticker0.3%$11.6m
CELATOR PHARMACEUTICALS INC no ticker0.3%$9.5m
POLYCOM INC no ticker0.2%$7.9m
CHTR CHARTER COMMUNICATIONS INC0.2%$6.7m
TUMI HLDGS INC no ticker0.2%$6.7m
DWREEUR DEMANDWARE INC0.1%$4.5m
E-COMMERCE CHINA DANGDANG IN no ticker0.09%$3.3m
QLIK TECHNOLOGIES INC no ticker0.08%$3.0m
STARWOOD HOTELS&RESORTS WRLD no ticker0.08%$3.0m
STARZ no ticker0.06%$2.2m
CHKEUR CHESAPEAKE ENERGY CORP0.06%$2.1m
WHITING PETROLEUM CORP no ticker0.05%$1.8m
CHESAPEAKE ENERGY CORP no ticker0.04%$1.6m
FOE FERRO CORP0.04%$1.3m
AVGO BROADCOM LTD0.0%$155k
HERTZ GLOBAL HOLDINGS INC no ticker0.0%$133k

Sector mix

  • Unclassified51.4%
  • Consumer Defensive34.9%
  • Technology5.5%
  • Financial Services4.8%
  • Healthcare2.9%
  • Energy0.5%
  • Communication Services0.01%

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