WhaleCreep

Pentwater Capital Management LP 13F holdings, Q4 2017

Hedge fundSEC filingsCompare with another fundHoldings as of 2017-12-31, filed 2018-02-07

Pentwater Capital Management LP disclosed 52 US equity positions worth $7.6bn in its Q4 2017 13F filing. Its largest position is NXPI at 20.2% of the reported book, followed by MONSANTO CO NEW and QCOM. Versus Q3 2017 it opened 17 new positions, added to 15, reduced 13 and exited 20.

$7.6bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
52
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
20.2%
Largest position
The largest single position as a share of the reported equity book.
87.0%
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 Q3 2017: 17 new, 15 added, 13 reduced, 20 exited

50 of 52
NXPI NXP SEMICONDUCTORS N VTechnology20.2%$1.5bn13.03m+0.5%added
MONSANTO CO NEW no ticker–13.6%$1.0bn8.78m+42%added
QCOM QUALCOMM INCTechnology11.8%$891m13.91m+946%added
AETNA INC NEW no ticker–11.6%$880m4.88m–new
TWXCHF TIME WARNER INC–8.0%$605m6.62m+4.1%added
ROCKWELL COLLINS INC no ticker–6.1%$461m3.40m+5.6%added
AABAUSD ALTABA INC–6.0%$453m6.48m−9.0%reduced
TRQEUR TURQUOISE HILL RES LTD–4.6%$349m101.77m+5.7%added
ORBITAL ATK INC no ticker–2.6%$195m1.48m+1380%added
TRCO TRIBUNE MEDIA CO–2.5%$189m4.45m+15%added
SNI SCRIPPS NETWORKS INTERACT IN–2.1%$161m1.88m−48%reduced
ESPREUR ESPERION THERAPEUTICS INC NE–1.7%$127m1.93m−14%reduced
DELL DELL TECHNOLOGIES INCTechnology1.5%$116m1.43m−23%reduced
TWENTY FIRST CENTY FOX INC no ticker–1.2%$92.9m2.72m–new
EQT EQT CORPORATIONEnergy1.2%$91.6m1.61m+36%added
SYF SYNCHRONY FINANCIALFinancial Services1.0%$75.8m1.96m−5.7%reduced
STRAIGHT PATH COMMUNICATNS I no ticker–0.8%$60.0m330,000−37%reduced
CALPINE CORP no ticker–0.4%$28.7m1.90m−77%reduced
SBOWEUR SILVERBOW RES INC–0.3%$23.9m805,223+49%added
AVA AVISTA CORPUtilities0.3%$21.8m422,559+57%added
TWENTY FIRST CENTY FOX INC no ticker–0.3%$19.5m565,597–new
ENERGY TRANSFER PARTNERS LP no ticker–0.2%$18.6m1.04m+11%added
VALEANT PHARMACEUTICALS INTL no ticker–0.2%$15.8m761,700+15%added
ALLERGAN PLC no ticker–0.2%$15.7m96,000+78%added
BDX BECTON DICKINSON & COHealthcare0.2%$14.7m68,824–new
EXACTECH INC no ticker–0.2%$12.4m250,000–new
BUFFALO WILD WINGS INC no ticker–0.1%$11.2m71,840–new
XPO XPO INCIndustrials0.1%$9.2m100,000–new
SNYDERS-LANCE INC no ticker–0.1%$9.1m181,000–new
SPY SPDR S&P 500 ETF Trust–0.1%$8.0m30,000–new
WMB WILLIAMS COS INCEnergy0.1%$7.6m250,0000.0%held
ADVANCED ACCELERATOR APPLICATION no ticker–0.09%$6.5m80,000+29%added
UPL1EUR ULTRA PETROLEUM CORP–0.08%$6.2m689,600−20%reduced
ET ENERGY TRANSFER LPEnergy0.07%$5.0m288,4000.0%held
KMI KINDER MORGAN INC DELEnergy0.05%$3.7m205,0000.0%held
RGCGBP REGAL ENTMT GROUP–0.05%$3.5m150,000–new
IGNYTA INC no ticker–0.04%$2.7m100,000–new
CZREUR CAESARS ENTMT CORP–0.03%$2.5m200,000–new
SUN SUNOCO LPEnergy0.03%$2.3m80,0000.0%held
BAC BANK OF AMER CORPFinancial Services0.03%$2.2m75,000−9.1%reduced
RITE AID CORP no ticker–0.03%$2.0m1.01m0.0%held
IXYS CORP no ticker–0.03%$1.9m80,000−77%reduced
TIME1EUR TIME INC NEW–0.02%$1.8m100,000–new
BOBEUSD BOB EVANS FARMS INC–0.01%$788k10,000−87%reduced
PFE PFIZER INCHealthcare0.01%$717k19,800–new
AGFSEUR AGROFRESH SOLUTIONS INC–0.01%$639k86,400−73%reduced
CYH COMMUNITY HEALTH SYS INC NEWHealthcare0.01%$554k130,000−46%reduced
CAESARS ENTMT CORP no ticker–0.01%$429k221,000–new
WILLIAMS PARTNERS L P NEW no ticker–0.01%$388k10,0000.0%held
SAILEUR SAILPOINT TECHNOLOGIES HLDGS–0.0%$290k20,000–new

Exited since Q3 2017

20 rows
LEVEL 3 COMMUNICATIONS INC no ticker8.7%$548m
RICEEUR RICE ENERGY INC1.0%$65.1m
BCRUSD BARD C R INC1.0%$61.9m
KITE PHARMA INC no ticker0.8%$52.1m
ADVISORY BRD CO no ticker0.8%$50.9m
AKRXEUR AKORN INC0.6%$35.8m
TMUS T-MOBILE US INC0.5%$33.9m
CAESARS ACQUISITION CO no ticker0.5%$31.2m
DIGITALGLOBE INC no ticker0.4%$25.1m
PAREXEL INTL CORP no ticker0.3%$17.4m
BROCADE COMMUNICATIONS SYS I no ticker0.3%$17.2m
FOR FORESTAR GROUP INC0.04%$2.5m
TGNA TEGNA INC0.03%$1.7m
ARCPEUR VEREIT INC0.01%$912k
GENERAL CABLE CORP DEL NEW no ticker0.01%$754k
RNGR RANGER ENERGY SVCS INC0.01%$735k
VWR CORP no ticker0.01%$625k
ENSCO PLC no ticker0.01%$478k
VIDEOCON D2H LTD no ticker0.01%$380k
THC TENET HEALTHCARE CORP0.0%$164k

Sector mix

  • Unclassified63.4%
  • Technology33.5%
  • Energy1.5%
  • Financial Services1.0%
  • Utilities0.3%
  • Healthcare0.2%
  • Industrials0.1%

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