WhaleCreep

Pentwater Capital Management LP 13F holdings, Q3 2019

Hedge fundSEC filingsCompare with another fundHoldings as of 2019-09-30, filed 2019-11-14

Pentwater Capital Management LP disclosed 110 US equity positions worth $3.2bn in its Q3 2019 13F filing. Its largest position is CELG at 18.9% of the reported book, followed by SPY and ZAYOEUR. Versus Q2 2019 it opened 45 new positions, added to 15, reduced 42 and exited 59.

$3.2bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
110
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
18.9%
Largest position
The largest single position as a share of the reported equity book.
69.6%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
13
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 Q2 2019: 45 new, 15 added, 42 reduced, 59 exited

50 of 110
CELG CELGENE CORP–18.9%$615m6.20m+7.7%added
SPY SPDR S&P 500 ETF Trust–10.8%$350m1.18m+314%added
ZAYOEUR ZAYO GROUP HLDGS INC–8.8%$286m8.44m+3.6%added
CYEUR CYPRESS SEMICONDUCTOR CORP–6.9%$224m9.62m−5.9%reduced
ONCEEUR SPARK THERAPEUTICS INC–6.3%$204m2.10m+170%added
MELLANOX TECHNOLOGIES LTD no ticker–5.7%$186m1.70m−15%reduced
ADSW ADVANCED DISP SVCS INC DEL–3.4%$109m3.35m+35%added
WCGEUR WELLCARE HEALTH PLANS INC–3.4%$109m420,000+4.8%added
ESPREUR ESPERION THERAPEUTICS INC NE–2.8%$90.9m2.48m+1.8%added
PCG PG&E CORPUtilities2.6%$85.8m8.58m+88%added
CZREUR CAESARS ENTMT CORP–2.6%$84.7m7.26m−4.5%reduced
TRQEUR TURQUOISE HILL RES LTD–2.6%$84.3m177.32m−2.5%reduced
INTELSAT S A no ticker–2.4%$76.8m3.37m+98%added
ALDR1EUR ALDER BIOPHARMACEUTICALS INC–1.8%$58.1m3.08m–new
WBC1EUR WABCO HLDGS INC–1.7%$55.4m413,989−22%reduced
VIAB VIACOM INC NEW–1.5%$48.1m2.00m–new
HHH HOWARD HUGHES CORPReal Estate1.4%$45.0m347,000+1.4%added
VSMEUR VERSUM MATLS INC–1.3%$43.1m815,000+11%added
PM PHILIP MORRIS INTL INCConsumer Defensive1.3%$41.8m550,000–new
GNW GENWORTH FINL INCFinancial Services1.1%$36.3m8.24m+82301%added
INTELSAT S A no ticker–1.0%$30.9m20.80m–new
GHDX GENOMIC HEALTH INC–0.9%$29.8m440,000–new
VICI VICI PPTYS INCReal Estate0.9%$29.4m1.30m−62%reduced
SYF SYNCHRONY FINANCIALFinancial Services0.9%$28.4m832,401−27%reduced
ET ENERGY TRANSFER LPEnergy0.8%$25.9m1.98m−3.2%reduced
UTXZ UNITED TECHNOLOGIES CORP–0.7%$24.2m177,000−5.3%reduced
PIVOTAL SOFTWARE INC no ticker–0.7%$23.3m1.56m–new
UNH UNITEDHEALTH GROUP INCHealthcare0.6%$19.6m90,000−41%reduced
HUM HUMANA INCHealthcare0.5%$16.9m66,000+65%added
2663134D BITAUTO HLDGS LTD–0.5%$15.9m1.06m–new
LPTUSD LIBERTY PPTY TR–0.4%$12.8m250,000–new
CAESARS ENTMT CORP no ticker–0.4%$11.9m7.00m0.0%held
GEO GEO GROUP INCIndustrials0.4%$11.7m675,000–new
CHINA BIOLOGIC PRODS HLDGS I no ticker–0.3%$9.6m83,490–new
CVRSEUR CORINDUS VASCULAR ROBOTICS I–0.3%$8.6m2.00m–new
BJ BJS WHSL CLUB HLDGS INCConsumer Defensive0.2%$6.5m251,800−46%reduced
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical0.2%$6.4m38,000−83%reduced
SBOWEUR SILVERBOW RES INC–0.2%$6.2m638,0520.0%held
NXPI NXP SEMICONDUCTORS N VTechnology0.2%$6.1m56,000−98%reduced
DBX DROPBOX INCTechnology0.2%$5.6m276,000−24%reduced
QQQ INVESCO QQQ TR–0.1%$4.7m25,000−38%reduced
AAL AMERICAN AIRLINES GROUP INCIndustrials0.1%$4.6m169,4390.0%held
AXALTA COATING SYS LTD no ticker–0.1%$4.2m140,000−67%reduced
WMB WILLIAMS COS INCEnergy0.1%$4.1m170,000−11%reduced
TEGPUSD TALLGRASS ENERGY LP–0.1%$4.0m200,000–new
MO ALTRIA GROUP INCConsumer Defensive0.1%$3.3m80,000–new
ARCPEUR VEREIT INC–0.10%$3.1m318,896−60%reduced
GDI1EUR GARDNER DENVER HLDGS INC–0.09%$2.8m100,0000.0%held
AIMCUSD ALTRA INDL MOTION CORP–0.09%$2.8m100,000−81%reduced
EXK EXACT SCIENCES CORPBasic Materials0.08%$2.6m29,000–new

Exited since Q2 2019

59 rows
APC3EUR ANADARKO PETE CORP11.6%$619m
RHT1EUR RED HAT INC8.6%$457m
ARRYEUR ARRAY BIOPHARMA INC2.4%$128m
WP WORLDPAY INC1.9%$102m
DATA TABLEAU SOFTWARE INC1.9%$100m
BA BOEING CO1.8%$94.1m
FDC FIRST DATA CORP NEW1.4%$75.8m
TRCO TRIBUNE MEDIA CO1.1%$60.1m
TSS TOTAL SYS SVCS INC0.5%$25.7m
ERIEUR ELDORADO RESORTS INC0.5%$25.5m
MDSOEUR MEDIDATA SOLUTIONS INC0.5%$24.9m
FNSR FINISAR CORP0.2%$11.5m
MGLNUSD MAGELLAN HEALTH INC0.1%$6.7m
WAGE WAGEWORKS INC0.1%$5.5m
SMH VANECK ETF TRUST0.09%$5.0m
AXA EQUITABLE HLDGS INC no ticker0.04%$2.1m
GWRUSD GENESEE & WYO INC0.04%$2.0m
DOCU DOCUSIGN INC0.04%$2.0m
PDD PDD HOLDINGS INC0.03%$1.9m
SOXX ISHARES TR0.03%$1.8m
CNC CENTENE CORP DEL0.03%$1.7m
FTCHQ FARFETCH LTD0.03%$1.7m
AIZ ASSURANT INC0.03%$1.6m
LEVI LEVI STRAUSS & CO NEW0.02%$1.3m
ATRC ATRICURE INC0.02%$1.2m
CJ1EUR C&J ENERGY SVCS INC NEW0.02%$1.2m
DANAHER CORPORATION no ticker0.02%$1.1m
PETXEUR ARATANA THERAPEUTICS INC0.02%$1.0m
GO GROCERY OUTLET HLDG CORP0.02%$986k
IQV IQVIA HLDGS INC0.02%$965k
BL BLACKLINE INC0.02%$803k
SAILEUR SAILPOINT TECHNOLOGIES HLDGS0.02%$802k
REAL THE REALREAL INC0.01%$751k
DAVA ENDAVA PLC0.01%$724k
EPRT ESSENTIAL PPTYS RLTY TR INC0.01%$701k
CRAY CRAY INC0.01%$696k
IOTSEUR ADESTO TECHNOLOGIES CORP0.01%$605k
GBTUSD GLOBAL BLOOD THERAPEUTICS IN0.01%$601k
AMALEUR AMALGAMATED BK NEW YORK N Y0.01%$592k
DOMO DOMO INC0.01%$589k
2XY SCIPLAY CORPORATION0.01%$473k
BCELUSD ATRECA INC0.01%$471k
LINX S A no ticker0.01%$456k
STNE STONECO LTD0.01%$444k
SRCUSD SPIRIT RLTY CAP INC NEW0.01%$427k
219 AVEDRO INC0.01%$409k
CVS CVS HEALTH CORP0.01%$392k
CRWD CROWDSTRIKE HLDGS INC0.01%$341k
ADPT ADAPTIVE BIOTECHNOLOGIES COR0.01%$290k
CNTTQ CANNTRUST HLDGS INC0.0%$249k

Sector mix

  • Unclassified87.8%
  • Utilities2.6%
  • Real Estate2.3%
  • Financial Services2.1%
  • Consumer Defensive1.6%
  • Healthcare1.3%
  • Energy0.9%
  • Industrials0.6%
  • Technology0.5%
  • Consumer Cyclical0.2%
  • Basic Materials0.08%

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