WhaleCreep

Pentwater Capital Management LP 13F holdings, Q2 2020

Hedge fundSEC filingsCompare with another fundHoldings as of 2020-06-30, filed 2020-08-14

Pentwater Capital Management LP disclosed 129 US equity positions worth $3.4bn in its Q2 2020 13F filing. Its largest position is TIFEUR at 11.8% of the reported book, followed by SPY and PCG. Versus Q1 2020 it opened 57 new positions, added to 35, reduced 25 and exited 21.

$3.4bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
129
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
11.8%
Largest position
The largest single position as a share of the reported equity book.
67.7%
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 2020: 57 new, 35 added, 25 reduced, 21 exited

50 of 129
TIFEUR TIFFANY & CO NEW–11.8%$397m3.26m+61%added
SPY SPDR S&P 500 ETF Trust–10.2%$342m1.11m−1.6%reduced
PCG PG&E CORPUtilities8.7%$290m32.69m+52%added
WUBAUSD 58 COM INC–8.0%$267m4.94m–new
AMT TD AMERITRADE HLDG CORPReal Estate5.8%$193m5.31m−11%reduced
BRISTOL-MYERS SQUIBB CO no ticker–5.7%$192m53.54m+1.0%added
LMEUR LEGG MASON INC–4.9%$164m3.30m+69%added
CZREUR CAESARS ENTMT CORP–4.4%$148m12.23m+75%added
TCO TAUBMAN CTRS INC–4.1%$138m3.64m+82%added
TRQEUR TURQUOISE HILL RES LTD–4.1%$136m185.40m+1.3%added
ESPREUR ESPERION THERAPEUTICS INC NE–3.4%$115m2.24m−3.0%reduced
ACIA ACACIA COMMUNICATIONS INC–3.1%$104m1.54m+17%added
VICI VICI PPTYS INCReal Estate3.0%$100m4.96m+2029%added
SYF SYNCHRONY FINANCIALFinancial Services2.1%$70.8m3.20m+57%added
ADSW ADVANCED DISP SVCS INC DEL–2.1%$70.8m2.35m−32%reduced
DELPHI TECHNOLOGIES PLC no ticker–1.9%$63.0m4.43m+808%added
FITEUR FITBIT INC–1.7%$57.0m8.82m+22%added
DIS DISNEY WALT COCommunication Services1.3%$45.0m403,949−55%reduced
CHINA BIOLOGIC PRODS HLDGS I no ticker–1.2%$40.8m399,570+145%added
ETRA E TRADE FINANCIAL CORPHealthcare0.9%$30.9m621,266−35%reduced
RESIEUR FRONT YD RESIDENTIAL CORP–0.9%$30.2m3.47m+90%added
DRI DARDEN RESTAURANTS INCConsumer Cyclical0.9%$29.2m386,000–new
2663134D BITAUTO HLDGS LTD–0.8%$25.2m1.59m+73%added
GRUBHUB INC no ticker–0.7%$24.3m345,470–new
CBB CINCINNATI BELL INC NEW–0.7%$21.9m1.48m+71%added
HCA HCA HEALTHCARE INCHealthcare0.6%$21.0m216,500+52%added
PTLAEUR PORTOLA PHARMACEUTICALS INC–0.6%$20.2m1.13m–new
GNW GENWORTH FINL INCFinancial Services0.5%$18.1m7.85m+12%added
LQD ISHARES TR–0.5%$17.7m131,9000.0%held
CAESARS ENTMT CORP no ticker–0.4%$11.8m7.00m0.0%held
WRIGHT MED GROUP N V no ticker–0.3%$11.2m378,000–new
HYG ISHARES TR–0.3%$11.1m135,7000.0%held
FSCTEUR FORESCOUT TECHNOLOGIES INC–0.3%$8.6m405,000+40%added
OTIS OTIS WORLDWIDE CORPIndustrials0.2%$8.0m140,000–new
IIPR INNOVATIVE INDL PPTYS INCReal Estate0.2%$5.7m65,000+1095%added
ET ENERGY TRANSFER LPEnergy0.2%$5.3m740,000−62%reduced
KRTX KARUNA THERAPEUTICS INC–0.2%$5.2m47,000−17%reduced
TMUS T-MOBILE US INCCommunication Services0.2%$5.2m50,000–new
REGN REGENERON PHARMACEUTICALSHealthcare0.1%$4.1m6,500–new
BA BOEING COIndustrials0.1%$4.0m22,000−96%reduced
AAL AMERICAN AIRLINES GROUP INCIndustrials0.1%$3.8m288,056+575%added
CRWD CROWDSTRIKE HLDGS INCTechnology0.1%$3.7m37,000+726%added
NXPI NXP SEMICONDUCTORS N VTechnology0.1%$3.6m32,000+191%added
TELA TELA BIO INC–0.1%$3.6m277,496+338%added
WMB WILLIAMS COS INCEnergy0.10%$3.2m170,0000.0%held
BOSTON SCIENTIFIC CORP no ticker–0.09%$3.1m30,000–new
STRO SUTRO BIOPHARMA INCHealthcare0.09%$3.0m382,026+414%added
DBX DROPBOX INCTechnology0.09%$2.9m132,500−5.4%reduced
GEO GEO GROUP INCIndustrials0.08%$2.8m240,432+10%added
PLMR PALOMAR HLDGS INCFinancial Services0.08%$2.8m33,000+125%added

Exited since Q1 2020

21 rows
MELLANOX TECHNOLOGIES LTD no ticker10.0%$375m
ALLERGAN PLC no ticker8.0%$300m
CYEUR CYPRESS SEMICONDUCTOR CORP6.8%$256m
FTSVEUR FORTY SEVEN INC3.8%$143m
WBC1EUR WABCO HLDGS INC3.4%$127m
SPRINT CORPORATION no ticker2.9%$108m
TECD1USD TECH DATA CORP2.2%$80.3m
AXE3EUR ANIXTER INTL INC1.6%$60.2m
RARXEUR RA PHARMACEUTICALS INC1.3%$47.0m
FGL HLDGS no ticker0.4%$16.6m
HUM HUMANA INC0.2%$6.6m
UNH UNITEDHEALTH GROUP INC0.1%$4.5m
INTELSAT S A no ticker0.05%$1.8m
O REALTY INCOME CORP0.03%$997k
WSC WILLSCOT CORP0.02%$669k
TENB TENABLE HLDGS INC0.01%$462k
LVGO LIVONGO HEALTH INC0.01%$458k
PTON PELOTON INTERACTIVE INC0.01%$407k
EWU ISHARES TR0.01%$358k
ARCPEUR VEREIT INC0.01%$351k
CERS CERUS CORP0.0%$105k

Sector mix

  • Unclassified73.2%
  • Real Estate9.0%
  • Utilities8.7%
  • Financial Services2.8%
  • Healthcare2.1%
  • Communication Services1.5%
  • Consumer Cyclical1.1%
  • Industrials0.6%
  • Technology0.6%
  • Energy0.3%
  • Consumer Defensive0.1%
  • Basic Materials0.04%

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