WhaleCreep

Pentwater Capital Management LP 13F holdings, Q4 2020

Hedge fundSEC filingsCompare with another fundHoldings as of 2020-12-31, filed 2021-02-16

Pentwater Capital Management LP disclosed 190 US equity positions worth $6.5bn in its Q4 2020 13F filing. Its largest position is MXIM at 12.3% of the reported book, followed by WORK and TIFEUR. Versus Q3 2020 it opened 68 new positions, added to 36, reduced 44 and exited 58.

$6.5bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
190
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
12.3%
Largest position
The largest single position as a share of the reported equity book.
70.3%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
15
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 Q3 2020: 68 new, 36 added, 44 reduced, 58 exited

50 of 190
MXIM MAXIM INTEGRATED PRODS INC–12.3%$798m9.00m+27%added
WORK SLACK TECHNOLOGIES INC–11.8%$765m18.11m–new
TIFEUR TIFFANY & CO NEW–10.8%$704m5.36m+21%added
XLNXEUR XILINX INC–8.8%$571m4.03m–new
ALXN ALEXION PHARMACEUTICALS INC–7.1%$463m2.96m–new
GRUBHUB INC no ticker–4.6%$296m3.98m+59%added
IHS MARKIT LTD no ticker–4.3%$281m3.13m–new
VAREUR VARIAN MED SYS INC–3.7%$242m1.39m+73%added
TRQCAD TURQUOISE HILL RES LTD–3.6%$232m18.67m–new
PCG PG&E CORPUtilities3.3%$216m17.35m−45%reduced
IPHI INPHI CORP–3.0%$196m1.22m–new
DD DUPONT DE NEMOURS INCBasic Materials2.6%$170m2.38m+23745%added
CHINA BIOLOGIC PRODS HLDGS I no ticker–2.1%$139m1.18m+154%added
CLGX CORELOGIC INC–2.0%$132m1.70m−26%reduced
IFF INTERNATIONAL FLAVORS&FRAGRABasic Materials1.4%$92.0m844,850–new
EVEUR EATON VANCE CORP–1.4%$91.7m1.35m–new
VICI VICI PPTYS INCReal Estate1.3%$86.3m3.38m−26%reduced
SPY SPDR S&P 500 ETF Trust–1.2%$79.3m212,209−86%reduced
SYF SYNCHRONY FINANCIALFinancial Services0.9%$57.1m1.65m−49%reduced
CXOEUR CONCHO RES INC–0.9%$56.1m961,000–new
PSTXUSD POSEIDA THERAPEUTICS INC–0.8%$54.5m4.97m+1.8%added
RP REALPAGE INC–0.8%$52.3m600,000–new
BRISTOL-MYERS SQUIBB CO no ticker–0.7%$47.7m69.05m+81%added
NXPI NXP SEMICONDUCTORS N VTechnology0.6%$40.5m254,500+5.2%added
ACIA ACACIA COMMUNICATIONS INC–0.5%$30.4m417,000−72%reduced
FITEUR FITBIT INC–0.5%$30.1m4.42m−45%reduced
DIN DINE BRANDS GLOBAL INCConsumer Cyclical0.4%$29.2m503,500+35%added
CBB CINCINNATI BELL INC NEW–0.4%$28.6m1.88m+27%added
DOUYU INTL HLDGS LTD no ticker–0.4%$25.7m2.33m–new
GNW GENWORTH FINL INCFinancial Services0.4%$24.2m6.40m+46%added
TCF TCF FINANCIAL CORPORATION NE–0.4%$23.9m645,000–new
JOBSUSD 51JOB INC–0.3%$21.0m300,000–new
CCL CARNIVAL CORPConsumer Cyclical0.3%$18.8m869,000–new
NCLH NORWEGIAN CRUISE LINE HLDGSConsumer Cyclical0.3%$16.3m641,000–new
EIDXGBP EIDOS THERAPEUTICS INC–0.2%$16.0m121,933–new
CAESARS ENTMT CORP no ticker–0.2%$15.5m7.00m0.0%held
AAL AMERICAN AIRLINES GROUP INCIndustrials0.2%$14.1m11.11m−42%reduced
DRI DARDEN RESTAURANTS INCConsumer Cyclical0.2%$13.6m114,000−83%reduced
ESPREUR ESPERION THERAPEUTICS INC NE–0.2%$12.9m497,580−77%reduced
BSY BENTLEY SYS INCTechnology0.2%$12.5m308,475+2985%added
HYG ISHARES TR–0.2%$11.8m135,7000.0%held
UAL UNITED AIRLINES HLDGS INCIndustrials0.2%$9.9m228,400−63%reduced
VRTUUSD VIRTUSA CORP–0.1%$9.6m188,000–new
CUBUSD CUBIC CORP–0.1%$9.3m150,000+25%added
RESIEUR FRONT YD RESIDENTIAL CORP–0.1%$7.1m440,000−70%reduced
PSN PARSONS CORPORATIONTechnology0.1%$6.9m190,000+124%added
HUYA HUYA INCCommunication Services0.1%$6.9m347,000–new
STRO SUTRO BIOPHARMA INCHealthcare0.10%$6.2m284,501−24%reduced
SIXEUR SIX FLAGS ENTMT CORP NEW–0.09%$6.2m181,000−73%reduced
KRTX KARUNA THERAPEUTICS INC–0.09%$6.1m60,000−14%reduced

Exited since Q3 2020

58 rows
IMMU IMMUNOMEDICS INC6.7%$333m
TCO TAUBMAN CTRS INC3.4%$167m
AMT TD AMERITRADE HLDG CORP3.2%$159m
TRQEUR TURQUOISE HILL RES LTD3.2%$157m
MNTA MOMENTA PHARMACEUTICALS INC2.5%$123m
ADSW ADVANCED DISP SVCS INC DEL2.0%$99.8m
AIMT AIMMUNE THERAPEUTICS INC1.7%$86.2m
ETRA E TRADE FINANCIAL CORP1.3%$65.1m
NATIONAL GEN HLDGS CORP no ticker1.2%$60.0m
DELPHI TECHNOLOGIES PLC no ticker1.2%$57.6m
WRIGHT MED GROUP N V no ticker0.8%$41.2m
PG&E CORP no ticker0.5%$25.4m
2663134D BITAUTO HLDGS LTD0.5%$25.3m
SINA CORP no ticker0.4%$22.2m
LVGO LIVONGO HEALTH INC0.4%$17.7m
SOGOGBP SOGOU INC0.3%$14.8m
EVTC EVERTEC INC0.3%$12.9m
ALLY ALLY FINL INC0.2%$11.4m
NAV NAVISTAR INTL CORP NEW0.2%$10.9m
RST ROSETTA STONE INC0.2%$10.5m
PFNXEUR PFENEX INC0.2%$9.3m
EAT BRINKER INTL INC0.2%$8.7m
RTX RTX CORPORATION0.2%$7.8m
LYV LIVE NATION ENTERTAINMENT IN0.1%$7.1m
MAR MARRIOTT INTL INC NEW0.1%$6.5m
OTIS OTIS WORLDWIDE CORP0.1%$6.2m
HCA HCA HEALTHCARE INC0.1%$6.1m
XENTEUR INTERSECT ENT INC0.1%$5.7m
GLIBAEUR GCI LIBERTY INC0.1%$5.3m
JPM JPMORGAN CHASE & CO0.09%$4.2m
TSLA TESLA INC0.06%$3.2m
AMZN AMAZON COM INC0.06%$2.8m
HLT HILTON WORLDWIDE HLDGS INC0.05%$2.6m
FSLR FIRST SOLAR INC0.04%$2.0m
H HYATT HOTELS CORP0.04%$2.0m
CSIIEUR CARDIOVASCULAR SYS INC DEL0.04%$1.8m
MGM MGM RESORTS INTERNATIONAL0.04%$1.7m
BXMT BLACKSTONE MTG TR INC0.03%$1.6m
NETFIN ACQUISITION CORP no ticker0.03%$1.4m
AVLRUSD AVALARA INC0.03%$1.3m
CAKE CHEESECAKE FACTORY INC0.02%$1.2m
HQY HEALTHEQUITY INC0.02%$1.0m
VCYT VERACYTE INC0.02%$975k
NBL2EUR NOBLE ENERGY INC0.02%$855k
SAIC SCIENCE APPLICATIONS INTL CO0.02%$784k
PENN PENN ENTERTAINMENT INC0.01%$727k
HTZ-WEUR HERTZ GLOBAL HLDGS INC0.01%$555k
ENDO INTL PLC no ticker0.01%$528k
PTVEUSD PACTIV EVERGREEN INC0.01%$496k
BUD ANHEUSER BUSCH INBEV SA NV0.01%$431k

Sector mix

  • Unclassified85.4%
  • Basic Materials4.0%
  • Utilities3.3%
  • Consumer Cyclical1.5%
  • Technology1.5%
  • Real Estate1.4%
  • Financial Services1.3%
  • Healthcare0.6%
  • Industrials0.4%
  • Communication Services0.2%
  • Energy0.09%
  • Consumer Defensive0.08%

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