WhaleCreep

Pentwater Capital Management LP 13F holdings, Q1 2021

Hedge fundSEC filingsCompare with another fundHoldings as of 2021-03-31, filed 2021-05-17

Pentwater Capital Management LP disclosed 276 US equity positions worth $8.6bn in its Q1 2021 13F filing. Its largest position is MXIM at 11.6% of the reported book, followed by WORK and XLNXEUR. Versus Q4 2020 it opened 148 new positions, added to 39, reduced 49 and exited 62.

$8.6bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
276
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
11.6%
Largest position
The largest single position as a share of the reported equity book.
62.4%
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 2020: 148 new, 39 added, 49 reduced, 62 exited

50 of 276
MXIM MAXIM INTEGRATED PRODS INC–11.6%$1.0bn10.95m+22%added
WORK SLACK TECHNOLOGIES INC–9.1%$790m19.44m+7.4%added
XLNXEUR XILINX INC–8.4%$724m5.84m+45%added
ALXN ALEXION PHARMACEUTICALS INC–7.6%$656m4.29m+45%added
IHS MARKIT LTD no ticker–5.6%$486m5.02m+61%added
GWPH GW PHARMACEUTICALS PLC–5.3%$456m2.10m–new
IPHI INPHI CORP–4.2%$365m2.05m+68%added
CLGX CORELOGIC INC–3.6%$311m3.92m+130%added
COHR COHERENT INCTechnology3.5%$303m1.20m–new
TRQCAD TURQUOISE HILL RES LTD–3.5%$300m18.65m−0.1%held
VAREUR VARIAN MED SYS INC–3.1%$268m1.52m+9.4%added
RP REALPAGE INC–2.9%$251m2.88m+379%added
CHNGUSD CHANGE HEALTHCARE INC–2.4%$210m9.50m+5912%added
GRUBHUB INC no ticker–2.4%$207m3.44m−14%reduced
PCG PG&E CORPUtilities2.0%$170m14.54m−16%reduced
PRAH PRA HEALTH SCIENCES INC–1.7%$143m929,668–new
CHINA BIOLOGIC PRODS HLDGS I no ticker–1.6%$140m1.18m+0.5%added
KSUEUR KANSAS CITY SOUTHERN–1.6%$137m520,000–new
ATHENE HLDG LTD no ticker–1.1%$97.5m1.94m–new
TCF TCF FINANCIAL CORPORATION NE–1.0%$84.6m1.82m+182%added
APH1EUR APHRIA INC–1.0%$82.4m4.48m–new
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical0.9%$79.5m350,483–new
VICI VICI PPTYS INCReal Estate0.8%$67.4m2.39m−29%reduced
TLRY TILRAY BRANDS INCHealthcare0.7%$59.1m2.60m–new
FLIR FLIR SYS INC–0.7%$56.5m1.00m–new
TLND TALEND S A–0.6%$52.2m820,321–new
PSTXUSD POSEIDA THERAPEUTICS INC–0.5%$47.4m4.97m0.0%held
BIDU BAIDU INCCommunication Services0.5%$46.8m215,000–new
JOBSUSD 51JOB INC–0.5%$44.0m702,272+134%added
PRSP PERSPECTA INC–0.5%$43.6m1.50m–new
VIPS VIPSHOP HOLDINGS LIMITEDConsumer Cyclical0.5%$42.8m1.44m–new
FPRX FIVE PRIME THERAPEUTICS INC–0.4%$37.7m1.00m–new
RCL ROYAL CARIBBEAN CRUISES LTDConsumer Cyclical0.4%$37.7m440,100+857%added
HIG HARTFORD INSURANCE GROUP INCFinancial Services0.4%$34.4m515,000–new
NCLH NORWEGIAN CRUISE LINE HLDGSConsumer Cyclical0.4%$31.3m1.13m+77%added
CBB CINCINNATI BELL INC NEW–0.3%$28.8m1.88m0.0%held
CCL CARNIVAL CORPConsumer Cyclical0.3%$28.0m1.06m+21%added
SPWH SPORTSMANS WHSE HLDGS INCConsumer Cyclical0.3%$25.9m1.50m+567%added
STAYUSD EXTENDED STAY AMER INC–0.2%$21.5m1.09m–new
PBCTEUR PEOPLES UNITED FINANCIAL INC–0.2%$21.4m1.19m–new
DOUYU INTL HLDGS LTD no ticker–0.2%$20.9m2.01m−13%reduced
DD DUPONT DE NEMOURS INCBasic Materials0.2%$20.7m268,000−89%reduced
CUBUSD CUBIC CORP–0.2%$18.5m248,000+65%added
MIKUSD MICHAELS COS INC–0.2%$17.6m800,100–new
ESPREUR ESPERION THERAPEUTICS INC NE–0.2%$17.0m607,580+22%added
CAESARS ENTERTAINMENT CORP no ticker–0.2%$16.7m7.00m0.0%held
AAL AMERICAN AIRLINES GROUP INCIndustrials0.2%$16.0m9.35m−16%reduced
HMSY HMS HLDGS CORP–0.2%$15.5m419,000–new
NEW FRONTIER HEALTH CORP no ticker–0.2%$14.1m1.25m–new
HUYA HUYA INCCommunication Services0.2%$13.6m695,600+100%added

Exited since Q4 2020

62 rows
TIFEUR TIFFANY & CO NEW10.8%$704m
IFF INTERNATIONAL FLAVORS&FRAGRA1.4%$92.0m
EVEUR EATON VANCE CORP1.4%$91.7m
CXOEUR CONCHO RES INC0.9%$56.1m
BRISTOL-MYERS SQUIBB CO no ticker0.7%$47.7m
ACIA ACACIA COMMUNICATIONS INC0.5%$30.4m
FITEUR FITBIT INC0.5%$30.1m
EIDXGBP EIDOS THERAPEUTICS INC0.2%$16.0m
DRI DARDEN RESTAURANTS INC0.2%$13.6m
VRTUUSD VIRTUSA CORP0.1%$9.6m
RESIEUR FRONT YD RESIDENTIAL CORP0.1%$7.1m
SIXEUR SIX FLAGS ENTMT CORP NEW0.09%$6.2m
WPXUSD WPX ENERGY INC0.09%$5.8m
PE1EUR PARSLEY ENERGY INC0.09%$5.7m
BMCH BMC STK HLDGS INC0.08%$5.1m
BOSTON SCIENTIFIC CORP no ticker0.05%$3.3m
WATFORD HLDGS LTD no ticker0.05%$3.2m
ET ENERGY TRANSFER LP0.04%$2.6m
BEATEUR BIOTELEMETRY INC0.03%$2.2m
RXT RACKSPACE TECHNOLOGY INC0.03%$2.1m
CBMGEUR CELLULAR BIOMEDICINE GROUP I0.03%$2.0m
EIGIEUR ENDURANCE INTL GROUP HLDGS I0.02%$1.4m
BILL BILL HOLDINGS INC0.02%$1.4m
MDLA MEDALLIA INC0.02%$1.3m
SBOWEUR SILVERBOW RES INC0.02%$1.3m
NSSC NAPCO SEC TECHNOLOGIES INC0.02%$1.2m
FISV FISERV INC0.02%$1.1m
GOHEALTH INC no ticker0.02%$1.0m
SE SEA LTD0.02%$995k
QUANTUMSCAPE CORP no ticker0.01%$950k
RENAISSANCERE HLDGS LTD no ticker0.01%$912k
CZR CAESARS ENTERTAINMENT INC NE0.01%$891k
BA BOEING CO0.01%$856k
SVMKUSD SVMK INC0.01%$830k
GEO GEO GROUP INC0.01%$752k
KIDS ORTHOPEDIATRICS CORP0.01%$676k
CWST CASELLA WASTE SYS INC0.01%$620k
DDOG DATADOG INC0.01%$591k
D0A DADA NEXUS LTD0.01%$537k
PDD PDD HOLDINGS INC0.01%$533k
HEALTHCARE SERVICES ACQU COR no ticker0.01%$511k
CTLTEUR CATALENT INC0.01%$510k
TW TRADEWEB MKTS INC0.01%$468k
RPTX REPARE THERAPEUTICS INC0.01%$463k
LOGC CONTEXTLOGIC INC0.01%$454k
CHWY CHEWY INC0.01%$449k
CHMA CHIASMA INC0.01%$435k
PREVAIL THERAPEUTICS INC no ticker0.01%$408k
UBER UBER TECHNOLOGIES INC0.01%$408k
ORIC ORIC PHARMACEUTICALS INC0.01%$339k

Sector mix

  • Unclassified86.3%
  • Technology4.3%
  • Consumer Cyclical3.2%
  • Utilities2.0%
  • Healthcare1.2%
  • Real Estate0.9%
  • Communication Services0.9%
  • Financial Services0.7%
  • Basic Materials0.2%
  • Industrials0.2%
  • Consumer Defensive0.1%
  • Energy0.05%

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