WhaleCreep

Pentwater Capital Management LP 13F holdings, Q1 2017

Hedge fundSEC filingsCompare with another fundHoldings as of 2017-03-31, filed 2017-05-15

Pentwater Capital Management LP disclosed 53 US equity positions worth $4.7bn in its Q1 2017 13F filing. Its largest position is NXPI at 23.7% of the reported book, followed by LEVEL 3 COMMUNICATIONS INC and MEAD JOHNSON NUTRITION CO. Versus Q4 2016 it opened 24 new positions, added to 9, reduced 12 and exited 24.

$4.7bn
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.
23.7%
Largest position
The largest single position as a share of the reported equity book.
83.2%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
10
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 Q4 2016: 24 new, 9 added, 12 reduced, 24 exited

50 of 53
NXPI NXP SEMICONDUCTORS N VTechnology23.7%$1.1bn10.74m+25%added
LEVEL 3 COMMUNICATIONS INC no ticker–10.6%$500m8.73m+1.6%added
MEAD JOHNSON NUTRITION CO no ticker–9.6%$451m5.06m–new
MOBILEYE N V AMSTELVEEN no ticker–8.4%$395m6.44m–new
MONSANTO CO NEW no ticker–6.9%$326m2.88m–new
REYNOLDS AMERICAN INC no ticker–6.8%$321m5.10m–new
TRQEUR TURQUOISE HILL RES LTD–6.0%$284m92.47m−0.2%held
VCA INC no ticker–4.6%$214m2.34m–new
DELL DELL TECHNOLOGIES INCTechnology3.8%$177m2.77m−33%reduced
DU PONT E I DE NEMOURS & CO no ticker–2.7%$129m1.60m–new
WHITEWAVE FOODS CO no ticker–2.4%$112m2.00m−20%reduced
TWXCHF TIME WARNER INC–2.2%$103m1.05m–new
SPY SPDR S&P 500 ETF Trust–1.7%$81.3m345,000+130%added
RITE AID CORP no ticker–1.4%$66.3m15.60m+15%added
ESPREUR ESPERION THERAPEUTICS INC NE–1.4%$64.8m1.84m+0.4%held
BROCADE COMMUNICATIONS SYS I no ticker–1.3%$59.4m4.76m–new
SYTUSD SYNGENTA AG–1.2%$56.6m639,000−15%reduced
WMB WILLIAMS COS INCEnergy0.6%$29.5m996,377+99%added
CAESARS ACQUISITION CO no ticker–0.6%$26.3m1.71m+38%added
STILLWATER MNG CO no ticker–0.5%$22.5m1.30m+8.3%added
SYF SYNCHRONY FINANCIALFinancial Services0.4%$17.3m505,135−9.8%reduced
ENERGY TRANSFER PRTNRS L P no ticker–0.3%$15.9m436,000+1.4%added
KMI KINDER MORGAN INC DELEnergy0.3%$15.9m729,700+265%added
VALSPAR CORP no ticker–0.3%$12.2m110,000–new
B/E AEROSPACE INC no ticker–0.3%$12.2m189,793–new
DIGITALGLOBE INC no ticker–0.3%$11.8m360,000–new
VALEANT PHARMACEUTICALS INTL no ticker–0.2%$9.8m889,900−67%reduced
QCOM QUALCOMM INCTechnology0.2%$9.7m170,000–new
FCX FREEPORT MCMORAN INCBasic Materials0.2%$8.7m650,000–new
LIBERTY MEDIA CORP DEL no ticker–0.2%$8.2m13.57m–new
ALERE INC no ticker–0.1%$5.8m145,000−89%reduced
ET ENERGY TRANSFER LPEnergy0.1%$5.7m288,400−3.9%reduced
ALLERGAN PLC no ticker–0.10%$4.5m19,000−95%reduced
VIDEOCON D2H LTD no ticker–0.09%$4.4m385,000−18%reduced
AGFSEUR AGROFRESH SOLUTIONS INC–0.07%$3.1m710,000−8.2%reduced
TIME1EUR TIME INC NEW–0.06%$2.9m150,249–new
EXMOC EXXON MOBIL CORP–0.06%$2.7m33,000–new
SUN SUNOCO LPEnergy0.05%$2.5m105,0000.0%held
ASTORIA FINL CORP no ticker–0.05%$2.3m112,725–new
SUNOCO LOGISTICS PRTNRS L P no ticker–0.04%$2.1m85,0000.0%held
BAC BANK OF AMER CORPFinancial Services0.04%$1.9m82,5000.0%held
CYH COMMUNITY HEALTH SYS INC NEWHealthcare0.03%$1.3m150,000–new
NIMBLE STORAGE INC no ticker–0.03%$1.3m100,000–new
ATHENE HLDG LTD no ticker–0.03%$1.3m25,000–new
LIBERTY MEDIA CORP DEL no ticker–0.02%$953k1.55m–new
YAHOO INC no ticker–0.02%$928k20,000–new
MPLX MPLX LPEnergy0.01%$556k15,400−62%reduced
KATE SPADE & CO no ticker–0.01%$465k20,000–new
WILLIAMS PARTNERS L P NEW no ticker–0.01%$408k10,0000.0%held
FREDQ FREDS INC–0.01%$262k20,000–new

Exited since Q4 2016

24 rows
HUM HUMANA INC8.2%$263m
INTEROIL CORP no ticker2.4%$77.4m
ST JUDE MED INC no ticker1.7%$55.4m
MEDIA GEN INC NEW no ticker1.3%$40.7m
ENDURANCE SPECIALTY HLDGS LT no ticker1.2%$37.0m
MENTOR GRAPHICS CORP no ticker0.8%$26.6m
AETNA INC NEW no ticker0.8%$25.8m
IMPERVA INC no ticker0.8%$25.3m
G & K SVCS INC no ticker0.7%$21.7m
CABELAS INC no ticker0.7%$21.7m
WCI CMNTYS INC no ticker0.6%$19.8m
FMC TECHNOLOGIES INC no ticker0.6%$19.2m
BTI BRITISH AMERN TOB PLC0.4%$14.1m
ARMK ARAMARK0.4%$13.6m
DEPOMED INC no ticker0.4%$13.4m
TEAM HEALTH HOLDINGS INC no ticker0.3%$10.9m
SUTHERLAND ASSET MGMT CORP M no ticker0.2%$7.5m
VASCULAR SOLUTIONS INC no ticker0.2%$5.6m
T8S TESARO INC0.1%$3.2m
CZREUR CAESARS ENTMT CORP0.1%$3.2m
PRIVATEBANCORP INC no ticker0.07%$2.3m
WDC WESTERN DIGITAL CORP.0.06%$2.0m
ALXN ALEXION PHARMACEUTICALS INC0.02%$734k
ABT ABBOTT LABORATORIES0.0%$45.0k

Sector mix

  • Unclassified70.6%
  • Technology27.6%
  • Energy1.2%
  • Financial Services0.4%
  • Basic Materials0.2%
  • Healthcare0.03%

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