WhaleCreep

Pentwater Capital Management LP 13F holdings, Q3 2020

Hedge fundSEC filingsCompare with another fundHoldings as of 2020-09-30, filed 2020-12-09

Pentwater Capital Management LP disclosed 180 US equity positions worth $5.0bn in its Q3 2020 13F filing. Its largest position is TIFEUR at 10.3% of the reported book, followed by SPY and MXIM. Versus Q2 2020 it opened 79 new positions, added to 35, reduced 38 and exited 28.

$5.0bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
180
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
10.3%
Largest position
The largest single position as a share of the reported equity book.
59.2%
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 Q2 2020: 79 new, 35 added, 38 reduced, 28 exited

50 of 180
TIFEUR TIFFANY & CO NEW–10.3%$512m4.42m+36%added
SPY SPDR S&P 500 ETF Trust–10.0%$494m1.47m+33%added
MXIM MAXIM INTEGRATED PRODS INC–9.7%$480m7.09m–new
IMMU IMMUNOMEDICS INC–6.7%$333m3.92m–new
PCG PG&E CORPUtilities6.0%$296m31.52m−3.6%reduced
GRUBHUB INC no ticker–3.7%$182m2.51m+627%added
TCO TAUBMAN CTRS INC–3.4%$167m5.01m+38%added
AMT TD AMERITRADE HLDG CORPReal Estate3.2%$159m4.05m−24%reduced
TRQEUR TURQUOISE HILL RES LTD–3.2%$157m185.76m+0.2%held
CLGX CORELOGIC INC–3.2%$157m2.31m–new
VAREUR VARIAN MED SYS INC–2.8%$138m800,000–new
MNTA MOMENTA PHARMACEUTICALS INC–2.5%$123m2.35m–new
VICI VICI PPTYS INCReal Estate2.1%$106m4.55m−8.1%reduced
ADSW ADVANCED DISP SVCS INC DEL–2.0%$99.8m3.30m+41%added
ACIA ACACIA COMMUNICATIONS INC–2.0%$98.8m1.47m−5.0%reduced
AIMT AIMMUNE THERAPEUTICS INC–1.7%$86.2m2.50m–new
BRISTOL-MYERS SQUIBB CO no ticker–1.7%$85.7m38.07m−29%reduced
SYF SYNCHRONY FINANCIALFinancial Services1.7%$83.9m3.20m+0.3%held
ESPREUR ESPERION THERAPEUTICS INC NE–1.6%$80.6m2.17m−3.3%reduced
DRI DARDEN RESTAURANTS INCConsumer Cyclical1.4%$68.1m675,600+75%added
ETRA E TRADE FINANCIAL CORPHealthcare1.3%$65.1m1.30m+109%added
DIS DISNEY WALT COCommunication Services1.2%$61.2m493,500+22%added
NATIONAL GEN HLDGS CORP no ticker–1.2%$60.0m1.78m–new
DELPHI TECHNOLOGIES PLC no ticker–1.2%$57.6m3.45m−22%reduced
FITEUR FITBIT INC–1.1%$55.7m8.00m−9.3%reduced
CHINA BIOLOGIC PRODS HLDGS I no ticker–1.0%$51.6m464,128+16%added
PSTXUSD POSEIDA THERAPEUTICS INC–0.9%$43.3m4.88m–new
WRIGHT MED GROUP N V no ticker–0.8%$41.2m1.35m+257%added
AAL AMERICAN AIRLINES GROUP INCIndustrials0.6%$31.5m19.28m+6594%added
NXPI NXP SEMICONDUCTORS N VTechnology0.6%$30.2m242,000+656%added
PG&E CORP no ticker–0.5%$25.4m258,800–new
2663134D BITAUTO HLDGS LTD–0.5%$25.3m1.60m+0.9%added
CZR CAESARS ENTERTAINMENT INC NEConsumer Cyclical0.5%$22.5m401,000–new
SINA CORP no ticker–0.4%$22.2m521,700–new
CBB CINCINNATI BELL INC NEW–0.4%$22.1m1.48m0.0%held
UAL UNITED AIRLINES HLDGS INCIndustrials0.4%$21.7m625,678+6157%added
DIN DINE BRANDS GLOBAL INCConsumer Cyclical0.4%$20.4m373,900–new
LVGO LIVONGO HEALTH INC–0.4%$17.7m126,495–new
SOGOGBP SOGOU INC–0.3%$14.8m1.67m–new
GNW GENWORTH FINL INCFinancial Services0.3%$14.7m4.38m−44%reduced
CAESARS ENTMT CORP no ticker–0.3%$13.8m7.00m0.0%held
SIXEUR SIX FLAGS ENTMT CORP NEW–0.3%$13.4m661,900–new
EVTC EVERTEC INCTechnology0.3%$12.9m372,027–new
RESIEUR FRONT YD RESIDENTIAL CORP–0.3%$12.9m1.48m−57%reduced
ALLY ALLY FINL INCFinancial Services0.2%$11.4m455,000–new
HYG ISHARES TR–0.2%$11.4m135,7000.0%held
NAV NAVISTAR INTL CORP NEW–0.2%$10.9m251,030–new
RST ROSETTA STONE INC–0.2%$10.5m350,000–new
PFNXEUR PFENEX INC–0.2%$9.3m730,200–new
BA BOEING COIndustrials0.2%$9.1m55,250+151%added

Exited since Q2 2020

28 rows
WUBAUSD 58 COM INC8.0%$267m
LMEUR LEGG MASON INC4.9%$164m
CZREUR CAESARS ENTMT CORP4.4%$148m
PTLAEUR PORTOLA PHARMACEUTICALS INC0.6%$20.2m
LQD ISHARES TR0.5%$17.7m
FSCTEUR FORESCOUT TECHNOLOGIES INC0.3%$8.6m
APTV APTIV PLC0.06%$1.9m
WCC WESCO INTL INC0.05%$1.7m
QQQ INVESCO QQQ TR0.04%$1.3m
QTS QTS RLTY TR INC0.03%$961k
MCD MCDONALDS CORP0.03%$849k
BKIEUR BLACK KNIGHT INC0.02%$580k
BSX BOSTON SCIENTIFIC CORP0.01%$456k
KTOS KRATOS DEFENSE & SEC SOLUTIO0.01%$422k
ES EVERSOURCE ENERGY0.01%$416k
ESNT ESSENT GROUP LTD0.01%$374k
SLQT SELECTQUOTE INC0.01%$279k
RNAGBP AVIDITY BIOSCIENCES INC0.01%$254k
GBIOGBX GENERATION BIO CO0.01%$252k
PCVX VAXCYTE INC0.01%$221k
LUV Southwest Airlines Co.0.01%$171k
NXTC NEXTCURE INC0.0%$150k
NARIUSD INARI MED INC0.0%$121k
ATHXEUR ATHERSYS INC NEW0.0%$110k
GLUU GLU MOBILE INC0.0%$93.0k
IDYA IDEAYA BIOSCIENCES INC0.0%$71.0k
SEQUANS COMMUNICATIONS S A no ticker0.0%$61.0k
AGROFRESH SOLUTIONS no ticker0.0%$5.0k

Sector mix

  • Unclassified76.6%
  • Utilities6.0%
  • Real Estate5.5%
  • Consumer Cyclical2.9%
  • Financial Services2.4%
  • Healthcare1.9%
  • Industrials1.6%
  • Technology1.5%
  • Communication Services1.5%
  • Energy0.1%
  • Consumer Defensive0.09%
  • Basic Materials0.01%

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