Funds › Pentwater Capital Management LP › Q2 2018Pentwater Capital Management LP 13F holdings, Q2 2018 Pentwater Capital Management LP disclosed 77 US equity positions worth $6.9bn in its Q2 2018 13F filing. Its largest position is NXPI at 20.2% of the reported book, followed by AABAUSD and EXPRESS SCRIPTS HLDG CO. Versus Q1 2018 it opened 41 new positions, added to 14, reduced 11 and exited 13.
$6.9bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
77 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.
83.1% 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 Q1 2018: 41 new , 14 added , 11 reduced , 13 exited
50 of 77 Show all 77
Stock Sector Weight Value Shares Δ shares Action NXPI NXP SEMICONDUCTORS N V Technology 20.2% $1.4bn 12.81m +24% added AABAUSD ALTABA INC – 14.0% $969m 13.24m +143% added EXPRESS SCRIPTS HLDG CO no ticker – 10.8% $746m 9.66m +32% added AETNA INC NEW no ticker – 10.1% $697m 3.80m −21% reduced TWENTY FIRST CENTY FOX INC no ticker – 8.2% $567m 11.51m +220% added ROCKWELL COLLINS INC no ticker – 7.5% $517m 3.84m −14% reduced TRQEUR TURQUOISE HILL RES LTD – 4.3% $294m 103.59m −4.5% reduced DELL DELL TECHNOLOGIES INC Technology 3.3% $227m 2.68m −52% reduced TWENTY FIRST CENTY FOX INC no ticker – 2.5% $173m 3.49m +633% added TRCO TRIBUNE MEDIA CO – 2.4% $164m 4.29m +1.4% added SHIRE PLC no ticker – 2.2% $153m 905,000 – new VICI VICI PPTYS INC Real Estate 2.1% $145m 7.03m −29% reduced XL GROUP LTD no ticker – 1.7% $117m 2.10m +5.0% added ESPREUR ESPERION THERAPEUTICS INC NE – 1.4% $96.6m 2.46m +6.6% added ILG INC no ticker – 1.4% $96.4m 2.92m −19% reduced SPY SPDR S&P 500 ETF Trust – 1.2% $85.5m 315,000 +408% added SYF SYNCHRONY FINANCIAL Financial Services 1.0% $69.5m 2.08m +6.1% added VMWEUR VMWARE INC – 0.9% $59.5m 405,000 −56% reduced AVA AVISTA CORP Utilities 0.8% $52.4m 995,700 +15% added EQT EQT CORPORATION Energy 0.7% $46.4m 840,000 −55% reduced LASALLE HOTEL PPTYS no ticker – 0.6% $39.4m 1.15m – new T AT&T INC Communication Services 0.5% $32.7m 1.02m +4603% added SBOWEUR SILVERBOW RES INC – 0.3% $20.4m 705,974 −11% reduced ENERGY TRANSFER PARTNERS LP no ticker – 0.3% $19.0m 1.00m 0.0% held ORBOTECH LTD no ticker – 0.2% $15.4m 250,000 +19% added NXSTAGE MEDICAL INC no ticker – 0.2% $13.9m 500,000 – new U S G CORP no ticker – 0.2% $12.1m 280,000 – new AKRXEUR AKORN INC – 0.2% $11.4m 690,000 – new ANDEAVOR no ticker – 0.09% $6.6m 50,000 – new WMB WILLIAMS COS INC Energy 0.09% $6.0m 220,000 0.0% held ALLERGAN PLC no ticker – 0.08% $5.6m 33,500 0.0% held ET ENERGY TRANSFER LP Energy 0.07% $5.0m 288,000 0.0% held KMI KINDER MORGAN INC DEL Energy 0.05% $3.6m 205,000 0.0% held BV BRIGHTVIEW HLDGS INC Industrials 0.05% $3.3m 150,000 – new GDI1EUR GARDNER DENVER HLDGS INC – 0.05% $3.2m 110,000 – new AXA EQUITABLE HLDGS INC no ticker – 0.05% $3.2m 153,480 – new DBX DROPBOX INC Technology 0.04% $3.0m 91,184 −24% reduced DOMO DOMO INC Technology 0.04% $2.6m 95,000 – new WEB COM GROUP INC no ticker – 0.04% $2.6m 100,000 – new GSKYGBP GREENSKY INC – 0.04% $2.5m 120,000 – new PAGS PAGSEGURO DIGITAL LTD Technology 0.04% $2.4m 87,500 – new EPRT ESSENTIAL PPTYS RLTY TR INC Real Estate 0.03% $2.2m 160,726 – new BAC BANK OF AMER CORP Financial Services 0.03% $2.1m 75,000 0.0% held HOME AT HOME GROUP INC – 0.03% $2.0m 50,000 +43% added ARCPEUR VEREIT INC – 0.03% $1.7m 234,543 −51% reduced SAILEUR SAILPOINT TECHNOLOGIES HLDGS – 0.02% $1.7m 68,300 – new PLURALSIGHT INC no ticker – 0.02% $1.6m 66,600 – new UPL1EUR ULTRA PETROLEUM CORP – 0.02% $1.6m 689,600 0.0% held BJ BJS WHSL CLUB HLDGS INC Consumer Defensive 0.02% $1.5m 64,000 – new SUN SUNOCO LP Energy 0.02% $1.5m 60,000 0.0% held
Exited since Q1 2018 Sector mix Unclassified 70.9% Technology 23.6% Real Estate 2.1% Financial Services 1.0% Energy 0.9% Utilities 0.8% Communication Services 0.5% Industrials 0.09% Healthcare 0.03% Consumer Defensive 0.02% Book over time Every quarter on file (75) Where Pentwater Capital Management LP was early 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