WhaleCreep

Pentwater Capital Management LP 13F holdings, Q4 2016

Hedge fundSEC filingsCompare with another fundHoldings as of 2016-12-31, filed 2017-02-14

Pentwater Capital Management LP disclosed 53 US equity positions worth $3.2bn in its Q4 2016 13F filing. Its largest position is NXPI at 26.1% of the reported book, followed by LEVEL 3 COMMUNICATIONS INC and TRQEUR. Versus Q3 2016 it opened 12 new positions, added to 13, reduced 15 and exited 30.

$3.2bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
53
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
26.1%
Largest position
The largest single position as a share of the reported equity book.
80.4%
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 Q3 2016: 12 new, 13 added, 15 reduced, 30 exited

50 of 53
NXPI NXP SEMICONDUCTORS N VTechnology26.1%$838m8.55m+861%added
LEVEL 3 COMMUNICATIONS INC no ticker–15.1%$484m8.59m–new
TRQEUR TURQUOISE HILL RES LTD–9.3%$299m92.68m−2.4%reduced
HUM HUMANA INCHealthcare8.2%$263m1.29m+43%added
DELL DELL TECHNOLOGIES INCTechnology7.1%$228m4.14m−4.0%reduced
WHITEWAVE FOODS CO no ticker–4.4%$140m2.51m−37%reduced
RITE AID CORP no ticker–3.5%$111m13.51m−32%reduced
INTEROIL CORP no ticker–2.4%$77.4m1.63m+63%added
ALLERGAN PLC no ticker–2.4%$77.2m367,547−74%reduced
SYTUSD SYNGENTA AG–1.9%$59.4m751,000+22%added
ST JUDE MED INC no ticker–1.7%$55.4m691,000−23%reduced
ALERE INC no ticker–1.6%$51.4m1.32m−29%reduced
MEDIA GEN INC NEW no ticker–1.3%$40.7m2.16m+27%added
VALEANT PHARMACEUTICALS INTL no ticker–1.2%$38.7m2.66m−8.2%reduced
ENDURANCE SPECIALTY HLDGS LT no ticker–1.2%$37.0m400,000–new
SPY SPDR S&P 500 ETF Trust–1.0%$33.5m150,000−59%reduced
MENTOR GRAPHICS CORP no ticker–0.8%$26.6m720,000–new
AETNA INC NEW no ticker–0.8%$25.8m208,350−37%reduced
IMPERVA INC no ticker–0.8%$25.3m660,000+27%added
ESPREUR ESPERION THERAPEUTICS INC NE–0.7%$22.9m1.83m+19%added
G & K SVCS INC no ticker–0.7%$21.7m225,400+2154%added
CABELAS INC no ticker–0.7%$21.7m370,000−25%reduced
SYF SYNCHRONY FINANCIALFinancial Services0.6%$20.3m560,000−93%reduced
WCI CMNTYS INC no ticker–0.6%$19.8m844,677+322%added
STILLWATER MNG CO no ticker–0.6%$19.3m1.20m–new
FMC TECHNOLOGIES INC no ticker–0.6%$19.2m539,776+26%added
CAESARS ACQUISITION CO no ticker–0.5%$16.6m1.23m+17%added
WMB WILLIAMS COS INCEnergy0.5%$15.6m500,0000.0%held
ENERGY TRANSFER PRTNRS L P no ticker–0.5%$15.4m430,000+7.5%added
BTI BRITISH AMERN TOB PLCConsumer Defensive0.4%$14.1m124,866–new
ARMK ARAMARKIndustrials0.4%$13.6m380,000–new
DEPOMED INC no ticker–0.4%$13.4m746,000–new
TEAM HEALTH HOLDINGS INC no ticker–0.3%$10.9m250,000–new
SUTHERLAND ASSET MGMT CORP M no ticker–0.2%$7.5m557,066–new
ET ENERGY TRANSFER LPEnergy0.2%$5.8m300,0000.0%held
VASCULAR SOLUTIONS INC no ticker–0.2%$5.6m100,000–new
KMI KINDER MORGAN INC DELEnergy0.1%$4.4m200,0000.0%held
VIDEOCON D2H LTD no ticker–0.1%$3.9m470,5090.0%held
T8S TESARO INC–0.1%$3.2m24,000−66%reduced
CZREUR CAESARS ENTMT CORP–0.1%$3.2m379,516+33%added
SUN SUNOCO LPEnergy0.09%$2.8m105,0000.0%held
PRIVATEBANCORP INC no ticker–0.07%$2.3m42,750−88%reduced
AGFSEUR AGROFRESH SOLUTIONS INC–0.06%$2.1m773,8110.0%held
SUNOCO LOGISTICS PRTNRS L P no ticker–0.06%$2.0m85,0000.0%held
WDC WESTERN DIGITAL CORP.Technology0.06%$2.0m30,000–new
BAC BANK OF AMER CORPFinancial Services0.06%$1.8m82,5000.0%held
MPLX MPLX LPEnergy0.04%$1.4m40,0000.0%held
CHESAPEAKE ENERGY CORP no ticker–0.03%$839k836,0000.0%held
ALXN ALEXION PHARMACEUTICALS INC–0.02%$734k6,000–new
WILLIAMS PARTNERS L P NEW no ticker–0.01%$380k10,0000.0%held

Exited since Q3 2016

30 rows
PG PROCTER & GAMBLE CO31.7%$1.7bn
LINKEDIN CORP no ticker12.8%$693m
COTY COTY INC3.2%$174m
TOBIRA THERAPEUTICS INC no ticker2.7%$147m
CST BRANDS INC no ticker0.9%$50.5m
TWTRUSD TWITTER INC0.7%$38.9m
MONSANTO CO NEW no ticker0.7%$38.8m
N2EUR NETSUITE INC0.6%$34.3m
PRESS GANEY HLDGS INC no ticker0.6%$32.3m
BFH BREAD FINANCIAL HOLDINGS INC0.5%$29.6m
VIRGIN AMER INC no ticker0.4%$21.4m
RACKSPACE HOSTING INC no ticker0.3%$17.4m
INTERSIL CORP no ticker0.3%$15.6m
ISLE OF CAPRI CASINOS INC no ticker0.3%$14.3m
CEPHEID no ticker0.2%$10.5m
NAVIGATORS GROUP INC no ticker0.2%$9.8m
FLEETMATICS GROUP PLC no ticker0.2%$9.0m
ITC HLDGS CORP no ticker0.2%$8.4m
CTH CYNAPSUS THERAPEUTICS INC0.1%$8.0m
CHEMTURA CORP no ticker0.1%$6.6m
VMWEUR VMWARE INC0.1%$5.8m
TRONC INC no ticker0.05%$2.9m
PHARMERICA CORP no ticker0.05%$2.5m
INCONTACT INC no ticker0.03%$1.4m
VITAE PHARMACEUTICALS INC no ticker0.02%$1.0m
INGRAM MICRO INC no ticker0.01%$713k
KLAC KLA CORP0.01%$697k
CBOE CBOE GLOBAL MARKETS INC0.01%$519k
CONCORDIA INTL CORP no ticker0.01%$448k
DIS DISNEY WALT CO0.01%$279k

Sector mix

  • Unclassified56.0%
  • Technology33.3%
  • Healthcare8.2%
  • Energy0.9%
  • Financial Services0.7%
  • Consumer Defensive0.4%
  • Industrials0.4%

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