WhaleCreep

Pentwater Capital Management LP 13F holdings, Q2 2017

Hedge fundSEC filingsCompare with another fundHoldings as of 2017-06-30, filed 2017-08-15

Pentwater Capital Management LP disclosed 59 US equity positions worth $5.8bn in its Q2 2017 13F filing. Its largest position is NXPI at 26.8% of the reported book, followed by LEVEL 3 COMMUNICATIONS INC and MOBILEYE N V AMSTELVEEN. Versus Q1 2017 it opened 28 new positions, added to 14, reduced 11 and exited 22.

$5.8bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
59
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
26.8%
Largest position
The largest single position as a share of the reported equity book.
77.5%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
9
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 2017: 28 new, 14 added, 11 reduced, 22 exited

50 of 59
NXPI NXP SEMICONDUCTORS N VTechnology26.8%$1.5bn14.08m+31%added
LEVEL 3 COMMUNICATIONS INC no ticker–9.6%$553m9.32m+6.8%added
MOBILEYE N V AMSTELVEEN no ticker–7.1%$409m6.52m+1.2%added
TWXCHF TIME WARNER INC–7.0%$402m4.01m+282%added
REYNOLDS AMERICAN INC no ticker–5.8%$332m5.11m+0.1%held
AABAUSD ALTABA INC–5.3%$308m5.65m–new
TRQEUR TURQUOISE HILL RES LTD–4.6%$263m99.17m+7.2%added
PATHEON N V no ticker–4.0%$231m6.64m–new
TRCO TRIBUNE MEDIA CO–4.0%$228m5.60m–new
VCA INC no ticker–3.3%$192m2.08m−11%reduced
BCRUSD BARD C R INC–2.4%$139m440,000–new
AKRXEUR AKORN INC–2.3%$132m3.94m–new
DELL DELL TECHNOLOGIES INCTechnology2.3%$131m2.15m−22%reduced
PANERA BREAD CO no ticker–1.8%$102m325,000–new
STRAIGHT PATH COMMUNICATNS I no ticker–1.7%$99.7m554,700–new
ESPREUR ESPERION THERAPEUTICS INC NE–1.6%$92.0m1.99m+8.3%added
ALERE INC no ticker–1.5%$85.3m1.70m+1072%added
BROCADE COMMUNICATIONS SYS I no ticker–1.3%$76.2m6.04m+27%added
SYF SYNCHRONY FINANCIALFinancial Services1.1%$64.9m2.18m+331%added
RICEEUR RICE ENERGY INC–0.9%$49.8m1.87m–new
CAESARS ACQUISITION CO no ticker–0.7%$41.1m2.15m+26%added
WHOLE FOODS MKT INC no ticker–0.5%$28.8m684,500–new
DIGITALGLOBE INC no ticker–0.5%$26.6m800,000+122%added
WMB WILLIAMS COS INCEnergy0.4%$23.0m758,377−24%reduced
QCOM QUALCOMM INCTechnology0.3%$19.1m345,000+103%added
PAREXEL INTL CORP no ticker–0.3%$17.4m200,000–new
KMI KINDER MORGAN INC DELEnergy0.3%$15.4m805,000+10%added
SBOWEUR SILVERBOW RES INC–0.3%$15.1m577,749–new
CABELAS INC no ticker–0.2%$14.3m240,000–new
VALEANT PHARMACEUTICALS INTL no ticker–0.2%$13.1m760,000−15%reduced
FCX FREEPORT MCMORAN INCBasic Materials0.2%$10.4m870,000+34%added
UPL1EUR ULTRA PETROLEUM CORP–0.2%$9.7m894,961–new
ILG INC no ticker–0.1%$8.2m300,000–new
ENSCO PLC no ticker–0.1%$7.3m1.42m–new
RITE AID CORP no ticker–0.1%$6.1m2.05m−87%reduced
LIBERTY MEDIA CORP DEL no ticker–0.10%$5.7m8.57m−37%reduced
DOMINION DIAMOND CORP no ticker–0.09%$5.5m435,450–new
ET ENERGY TRANSFER LPEnergy0.09%$5.2m288,4000.0%held
STAPLES INC no ticker–0.09%$5.1m504,000–new
SPECTRANETICS CORP no ticker–0.08%$4.6m120,000–new
AGFSEUR AGROFRESH SOLUTIONS INC–0.08%$4.6m635,689−10%reduced
TMUS T-MOBILE US INCCommunication Services0.08%$4.5m73,400–new
ALLERGAN PLC no ticker–0.08%$4.4m18,000−5.3%reduced
CZREUR CAESARS ENTMT CORP–0.06%$3.5m288,389–new
TGNA TEGNA INC–0.06%$3.5m240,000–new
SUN SUNOCO LPEnergy0.06%$3.2m105,0000.0%held
T8S TESARO INC–0.05%$2.9m21,000–new
VIDEOCON D2H LTD no ticker–0.05%$2.9m299,895−22%reduced
NXST NEXSTAR MEDIA GROUP INCCommunication Services0.05%$2.7m45,000–new
BAC BANK OF AMER CORPFinancial Services0.03%$2.0m82,5000.0%held

Exited since Q1 2017

22 rows
MEAD JOHNSON NUTRITION CO no ticker9.6%$451m
MONSANTO CO NEW no ticker6.9%$326m
DU PONT E I DE NEMOURS & CO no ticker2.7%$129m
WHITEWAVE FOODS CO no ticker2.4%$112m
SPY SPDR S&P 500 ETF Trust1.7%$81.3m
SYTUSD SYNGENTA AG1.2%$56.6m
STILLWATER MNG CO no ticker0.5%$22.5m
ENERGY TRANSFER PRTNRS L P no ticker0.3%$15.9m
VALSPAR CORP no ticker0.3%$12.2m
B/E AEROSPACE INC no ticker0.3%$12.2m
TIME1EUR TIME INC NEW0.06%$2.9m
EXMOC EXXON MOBIL CORP0.06%$2.7m
ASTORIA FINL CORP no ticker0.05%$2.3m
SUNOCO LOGISTICS PRTNRS L P no ticker0.04%$2.1m
NIMBLE STORAGE INC no ticker0.03%$1.3m
ATHENE HLDG LTD no ticker0.03%$1.3m
LIBERTY MEDIA CORP DEL no ticker0.02%$953k
YAHOO INC no ticker0.02%$928k
KATE SPADE & CO no ticker0.01%$465k
FREDQ FREDS INC0.01%$262k
CHESAPEAKE ENERGY CORP no ticker0.0%$40.0k
KINDER MORGAN INC DEL no ticker0.0%$2.0k

Sector mix

  • Unclassified68.3%
  • Technology29.4%
  • Financial Services1.2%
  • Energy0.8%
  • Basic Materials0.2%
  • Communication Services0.1%
  • Consumer Defensive0.03%
  • Healthcare0.02%

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