WhaleCreep

Pentwater Capital Management LP 13F holdings, Q2 2019

Hedge fundSEC filingsCompare with another fundHoldings as of 2019-06-30, filed 2019-08-14

Pentwater Capital Management LP disclosed 124 US equity positions worth $5.3bn in its Q2 2019 13F filing. Its largest position is APC3EUR at 11.6% of the reported book, followed by ALLERGAN PLC and CELG. Versus Q1 2019 it opened 54 new positions, added to 17, reduced 38 and exited 35.

$5.3bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
124
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
11.6%
Largest position
The largest single position as a share of the reported equity book.
65.5%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
17
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 2019: 54 new, 17 added, 38 reduced, 35 exited

50 of 124
APC3EUR ANADARKO PETE CORP–11.6%$619m8.78m–new
ALLERGAN PLC no ticker–11.2%$599m3.58m+16155%added
CELG CELGENE CORP–10.0%$532m5.75m−41%reduced
RHT1EUR RED HAT INC–8.6%$457m2.43m+38%added
ZAYOEUR ZAYO GROUP HLDGS INC–5.0%$268m8.15m+806%added
CYEUR CYPRESS SEMICONDUCTOR CORP–4.3%$227m10.22m–new
TRQEUR TURQUOISE HILL RES LTD–4.2%$226m181.94m−3.2%reduced
MELLANOX TECHNOLOGIES LTD no ticker–4.1%$220m1.99m+27%added
NXPI NXP SEMICONDUCTORS N VTechnology4.1%$219m2.24m−7.5%reduced
ARRYEUR ARRAY BIOPHARMA INC–2.4%$128m2.77m–new
WCGEUR WELLCARE HEALTH PLANS INC–2.1%$114m400,900−63%reduced
ESPREUR ESPERION THERAPEUTICS INC NE–2.1%$113m2.44m−1.7%reduced
PCG PG&E CORPUtilities2.0%$105m4.57m−20%reduced
WP WORLDPAY INC–1.9%$102m828,543+277%added
DATA TABLEAU SOFTWARE INC–1.9%$100m603,416–new
BA BOEING COIndustrials1.8%$94.1m258,400+660%added
CZREUR CAESARS ENTMT CORP–1.7%$89.8m7.60m+2072%added
SPY SPDR S&P 500 ETF Trust–1.6%$83.5m285,000+182%added
ONCEEUR SPARK THERAPEUTICS INC–1.5%$79.9m780,000–new
ADSW ADVANCED DISP SVCS INC DEL–1.5%$79.3m2.49m–new
FDC FIRST DATA CORP NEW–1.4%$75.8m2.80m+115%added
VICI VICI PPTYS INCReal Estate1.4%$75.5m3.42m−2.1%reduced
WBC1EUR WABCO HLDGS INC–1.3%$70.3m529,800+361%added
TRCO TRIBUNE MEDIA CO–1.1%$60.1m1.30m0.0%held
HHH HOWARD HUGHES CORPReal Estate0.8%$42.4m342,100–new
SYF SYNCHRONY FINANCIALFinancial Services0.7%$39.6m1.14m−47%reduced
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical0.7%$38.8m229,200–new
VSMEUR VERSUM MATLS INC–0.7%$37.8m733,000+13%added
UNH UNITEDHEALTH GROUP INCHealthcare0.7%$37.3m153,000–new
INTELSAT S A no ticker–0.6%$33.1m1.70m–new
ET ENERGY TRANSFER LPEnergy0.5%$28.8m2.04m−0.2%held
TSS TOTAL SYS SVCS INC–0.5%$25.7m200,000–new
ERIEUR ELDORADO RESORTS INC–0.5%$25.5m552,646–new
MDSOEUR MEDIDATA SOLUTIONS INC–0.5%$24.9m274,700–new
UTXZ UNITED TECHNOLOGIES CORP–0.5%$24.3m187,000–new
AIMCUSD ALTRA INDL MOTION CORP–0.4%$18.8m525,000−13%reduced
CI THE CIGNA GROUPHealthcare0.3%$15.4m97,734+4.3%added
AXALTA COATING SYS LTD no ticker–0.2%$12.7m425,000–new
BJ BJS WHSL CLUB HLDGS INCConsumer Defensive0.2%$12.4m470,000+28%added
CAESARS ENTMT CORP no ticker–0.2%$12.0m7.00m0.0%held
FNSR FINISAR CORP–0.2%$11.5m502,529–new
HUM HUMANA INCHealthcare0.2%$10.6m40,000–new
DBX DROPBOX INCTechnology0.2%$9.1m365,0000.0%held
SBOWEUR SILVERBOW RES INC–0.2%$8.8m638,0520.0%held
QQQ INVESCO QQQ TR–0.1%$7.5m40,000–new
ARCPEUR VEREIT INC–0.1%$7.1m792,394−49%reduced
MGLNUSD MAGELLAN HEALTH INC–0.1%$6.7m90,438–new
SPRINT CORPORATION no ticker–0.1%$6.5m984,700–new
WAGE WAGEWORKS INC–0.1%$5.5m109,087–new
AAL AMERICAN AIRLINES GROUP INCIndustrials0.1%$5.5m169,439−37%reduced

Exited since Q1 2019

35 rows
DIS DISNEY WALT CO5.2%$196m
ARRIS INTL INC no ticker3.5%$132m
INTEGRATED DEVICE TECHNOLOGY no ticker3.4%$129m
U S G CORP no ticker2.3%$86.3m
LLY ELI LILLY & CO1.7%$64.9m
ULTIMATE SOFTWARE GROUP INC no ticker0.9%$33.0m
BEMIS INC no ticker0.3%$11.7m
ETRNUSD EQUITRANS MIDSTREAM CORP0.3%$9.6m
NIELSEN HLDGS PLC no ticker0.3%$9.5m
COTY COTY INC0.2%$8.6m
LYFT LYFT INC0.1%$4.9m
LEXEA LIBERTY EXPEDIA HLDGS INC0.10%$3.7m
BUNGE LIMITED no ticker0.09%$3.6m
AELUSD AMERICAN EQTY INVT LIFE HLD0.07%$2.7m
SPOT SPOTIFY TECHNOLOGY S A0.07%$2.5m
TRITON INTL LTD no ticker0.06%$2.2m
PIVOTAL SOFTWARE INC no ticker0.05%$1.9m
BV BRIGHTVIEW HLDGS INC0.05%$1.9m
SUN SUNOCO LP0.05%$1.9m
HOME AT HOME GROUP INC0.05%$1.8m
HUBS HUBSPOT INC0.04%$1.7m
EYE NATIONAL VISION HLDGS INC0.04%$1.6m
NATIONAL GEN HLDGS CORP no ticker0.03%$1.2m
COLD AMERICOLD REALTY TRUST INC0.03%$1.1m
CENTA CENTRAL GARDEN & PET CO0.02%$930k
VEON VEON LTD0.02%$732k
SE SEA LTD0.02%$727k
UPWK UPWORK INC0.02%$643k
LEGH LEGACY HOUSING CORP0.01%$530k
TLND TALEND S A0.01%$506k
XERIS PHARMACEUTICALS INC no ticker0.01%$402k
DHR DANAHER CORP DEL0.01%$330k
ARVN ARVINAS INC0.01%$329k
MRNA MODERNA INC0.01%$204k
RESTORBIO INC no ticker0.0%$177k

Sector mix

  • Unclassified85.5%
  • Technology4.5%
  • Real Estate2.2%
  • Utilities2.0%
  • Industrials1.9%
  • Healthcare1.4%
  • Financial Services0.9%
  • Consumer Cyclical0.9%
  • Energy0.6%
  • Consumer Defensive0.3%

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