WhaleCreep

Pentwater Capital Management LP 13F holdings, Q1 2020

Hedge fundSEC filingsCompare with another fundHoldings as of 2020-03-31, filed 2020-05-15

Pentwater Capital Management LP disclosed 93 US equity positions worth $3.7bn in its Q1 2020 13F filing. Its largest position is MELLANOX TECHNOLOGIES LTD at 10.0% of the reported book, followed by ALLERGAN PLC and SPY. Versus Q4 2019 it opened 31 new positions, added to 32, reduced 23 and exited 45.

$3.7bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
93
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
10.0%
Largest position
The largest single position as a share of the reported equity book.
63.0%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
20
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 Q4 2019: 31 new, 32 added, 23 reduced, 45 exited

50 of 93
MELLANOX TECHNOLOGIES LTD no ticker–10.0%$375m3.09m+136%added
ALLERGAN PLC no ticker–8.0%$300m1.69m+3018%added
SPY SPDR S&P 500 ETF Trust–7.8%$290m1.13m–new
TIFEUR TIFFANY & CO NEW–7.0%$262m2.02m+40%added
CYEUR CYPRESS SEMICONDUCTOR CORP–6.8%$256m10.97m+17%added
AMT TD AMERITRADE HLDG CORPReal Estate5.5%$207m5.96m+17%added
BRISTOL-MYERS SQUIBB CO no ticker–5.4%$201m53.01m+49%added
PCG PG&E CORPUtilities5.2%$194m21.56m+3.3%added
FTSVEUR FORTY SEVEN INC–3.8%$143m1.49m–new
WBC1EUR WABCO HLDGS INC–3.4%$127m943,130+372%added
ADSW ADVANCED DISP SVCS INC DEL–3.0%$112m3.43m+243%added
SPRINT CORPORATION no ticker–2.9%$108m12.55m+476%added
LMEUR LEGG MASON INC–2.6%$95.2m1.95m–new
ACIA ACACIA COMMUNICATIONS INC–2.4%$88.3m1.32m+86%added
DIS DISNEY WALT COCommunication Services2.3%$87.6m907,279–new
TCO TAUBMAN CTRS INC–2.2%$83.8m2.00m–new
TECD1USD TECH DATA CORP–2.2%$80.3m613,803+309%added
BA BOEING COIndustrials2.1%$79.6m533,718+107%added
ESPREUR ESPERION THERAPEUTICS INC NE–2.0%$72.9m2.31m+2.7%added
TRQEUR TURQUOISE HILL RES LTD–1.9%$69.9m182.96m−0.4%held
AXE3EUR ANIXTER INTL INC–1.6%$60.2m684,884+54%added
FITEUR FITBIT INC–1.3%$48.1m7.23m+97%added
CZREUR CAESARS ENTMT CORP–1.3%$47.2m6.98m+343%added
RARXEUR RA PHARMACEUTICALS INC–1.3%$47.0m978,700+476%added
SYF SYNCHRONY FINANCIALFinancial Services0.9%$32.7m2.03m+309%added
ETRA E TRADE FINANCIAL CORPHealthcare0.9%$32.6m950,557–new
GNW GENWORTH FINL INCFinancial Services0.6%$23.2m6.99m+85%added
RESIEUR FRONT YD RESIDENTIAL CORP–0.6%$21.8m1.82m–new
CHINA BIOLOGIC PRODS HLDGS I no ticker–0.5%$17.6m162,772+51%added
FGL HLDGS no ticker–0.4%$16.6m1.70m–new
LQD ISHARES TR–0.4%$16.3m131,900–new
HCA HCA HEALTHCARE INCHealthcare0.3%$12.8m142,500–new
CBB CINCINNATI BELL INC NEW–0.3%$12.6m862,558–new
HYG ISHARES TR–0.3%$10.5m135,700–new
2663134D BITAUTO HLDGS LTD–0.3%$9.5m917,033−40%reduced
FSCTEUR FORESCOUT TECHNOLOGIES INC–0.2%$9.2m290,200–new
ET ENERGY TRANSFER LPEnergy0.2%$9.0m1.96m0.0%held
CAESARS ENTMT CORP no ticker–0.2%$7.2m7.00m0.0%held
HUM HUMANA INCHealthcare0.2%$6.6m20,960+10%added
UNH UNITEDHEALTH GROUP INCHealthcare0.1%$4.5m18,084–new
KRTX KARUNA THERAPEUTICS INC–0.1%$4.1m56,417−2.6%reduced
DELPHI TECHNOLOGIES PLC no ticker–0.1%$3.9m488,029–new
VICI VICI PPTYS INCReal Estate0.1%$3.9m232,894–new
REYN REYNOLDS CONSUMER PRODS INCConsumer Cyclical0.07%$2.8m95,000–new
ENDO INTL PLC no ticker–0.07%$2.7m727,000+1354%added
GEO GEO GROUP INCIndustrials0.07%$2.7m218,097−34%reduced
DBX DROPBOX INCTechnology0.07%$2.5m140,000−53%reduced
WMB WILLIAMS COS INCEnergy0.06%$2.4m170,0000.0%held
DT DYNATRACE INCTechnology0.05%$1.9m80,000−52%reduced
INTELSAT S A no ticker–0.05%$1.8m8.30m−74%reduced

Exited since Q4 2019

45 rows
ZAYOEUR ZAYO GROUP HLDGS INC11.5%$302m
MDCOUSD MEDICINES CO2.5%$66.3m
LPTUSD LIBERTY PPTY TR2.0%$54.0m
ACHNEUR ACHILLION PHARMACEUTICALS IN1.7%$45.3m
UTXZ UNITED TECHNOLOGIES CORP1.1%$28.5m
ARQLUSD ARQULE INC0.9%$23.5m
INTELSAT S A no ticker0.9%$22.7m
BOLDEUR AUDENTES THERAPEUTICS INC0.8%$19.8m
HHH HOWARD HUGHES CORP0.7%$19.7m
AYAEUR STARS GROUP INC0.7%$18.9m
SYNTHORX INC no ticker0.2%$4.3m
WCGEUR WELLCARE HEALTH PLANS INC0.2%$4.0m
DAY DAYFORCE INC0.09%$2.4m
INVH INVITATION HOMES INC0.09%$2.4m
GDI1EUR GARDNER DENVER HLDGS INC0.07%$1.8m
TUFIN SOFTWARE TECHNOLOGIE no ticker0.05%$1.3m
MESA AIR GROUP INC no ticker0.05%$1.3m
EXK EXACT SCIENCES CORP0.04%$925k
TMUS T-MOBILE US INC0.03%$902k
SWIUSD SOLARWINDS CORP0.03%$871k
WORK SLACK TECHNOLOGIES INC0.03%$787k
DUK DUKE ENERGY CORP NEW0.03%$730k
PINGUSD PING IDENTITY HLDG CORP0.03%$729k
NAVIOS MARITIME ACQUIS CORP no ticker0.03%$723k
PLURALSIGHT INC no ticker0.02%$647k
MGP MGM GROWTH PPTYS LLC0.02%$619k
TTEC TTEC HLDGS INC0.02%$594k
HBT HBT FINL INC.0.02%$570k
SPT SPROUT SOCIAL INC0.02%$562k
MIST MILESTONE PHARMACEUTICALS IN0.02%$512k
ZUOUSD ZUORA INC0.02%$473k
NET CLOUDFLARE INC0.02%$427k
CMBMF CAMBIUM NETWORKS CORP0.01%$393k
INSP INSPIRE MED SYS INC0.01%$371k
CFB CROSSFIRST BANKSHARES INC0.01%$361k
MEC MAYVILLE ENGINEERING CO INC0.01%$281k
EVOP1EUR EVO PMTS INC0.01%$264k
AXNX* AXONICS INC0.01%$222k
SWAVUSD SHOCKWAVE MED INC0.01%$220k
PHR PHREESIA INC0.01%$200k
NGMUSD NGM BIOPHARMACEUTICALS INC0.01%$185k
GDS GDS HLDGS LTD0.01%$181k
GSL GLOBAL SHIP LEASE INC0.01%$150k
ABBV ABBVIE INC0.0%$99.0k
ALEC ALECTOR INC0.0%$48.0k

Sector mix

  • Unclassified80.6%
  • Real Estate5.7%
  • Utilities5.2%
  • Communication Services2.3%
  • Industrials2.3%
  • Healthcare1.6%
  • Financial Services1.6%
  • Energy0.3%
  • Technology0.3%
  • Consumer Cyclical0.09%
  • Consumer Defensive0.06%

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