WhaleCreep

Pentwater Capital Management LP 13F holdings, Q3 2021

Hedge fundSEC filingsCompare with another fundHoldings as of 2021-09-30, filed 2021-11-15

Pentwater Capital Management LP disclosed 183 US equity positions worth $7.3bn in its Q3 2021 13F filing. Its largest position is IHS MARKIT LTD at 13.8% of the reported book, followed by NUANEUR and KSUEUR. Versus Q2 2021 it opened 47 new positions, added to 54, reduced 46 and exited 123.

$7.3bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
183
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
13.8%
Largest position
The largest single position as a share of the reported equity book.
67.8%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
16
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 2021: 47 new, 54 added, 46 reduced, 123 exited

50 of 183
IHS MARKIT LTD no ticker–13.8%$1.0bn8.63m+22%added
NUANEUR NUANCE COMMUNICATIONS INC–13.3%$967m17.57m+44%added
KSUEUR KANSAS CITY SOUTHERN–7.9%$575m2.12m+2.8%added
PPD INC no ticker–6.8%$498m10.64m−13%reduced
XLNXEUR XILINX INC–6.0%$436m2.88m+40%added
COHR COHERENT INCTechnology5.3%$384m1.54m+6.4%added
HRC HILL-ROM HLDGS INC–3.8%$278m1.85m–new
TRQCAD TURQUOISE HILL RES LTD–3.8%$276m18.72m−1.8%reduced
SPY SPDR S&P 500 ETF Trust–3.7%$268m625,150+12039%added
ATHENE HLDG LTD no ticker–3.4%$247m3.59m+84%added
FIVN FIVE9 INCTechnology2.7%$199m1.25m–new
XLRN ACCELERON PHARMA INC–2.5%$181m1.05m–new
VICI VICI PPTYS INCReal Estate1.7%$121m4.27m+838%added
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical1.5%$112m757,500+65%added
JOBSUSD 51JOB INC–1.3%$98.0m1.41m+46%added
BA BOEING COIndustrials1.3%$95.9m436,000+4329%added
VER VEREIT INC–1.3%$95.2m2.10m+29%added
MFS1EUR WELBILT INC–1.3%$93.0m4.00m+17%added
CHNGUSD CHANGE HEALTHCARE INC–0.9%$62.8m3.00m−67%reduced
DOUYU INTL HLDGS LTD no ticker–0.8%$56.2m17.08m+479%added
TREUR TRILLIUM THERAPEUTICS INC–0.8%$55.1m3.14m–new
SCORE MEDIA & GAMING INC no ticker–0.7%$51.3m1.50m–new
VIPS VIPSHOP HOLDINGS LIMITEDConsumer Cyclical0.7%$48.3m4.34m−29%reduced
PCG PG&E CORPUtilities0.6%$46.7m4.86m−65%reduced
FYBR FRONTIER COMMUNICATIONS PARE–0.6%$42.2m1.51m0.0%held
KDMN KADMON HLDGS INC–0.6%$42.1m4.83m–new
RCL ROYAL CARIBBEAN CRUISES LTDConsumer Cyclical0.6%$41.2m463,700+146%added
MNRUSD MONMOUTH REAL ESTATE INVT CO–0.6%$41.0m2.20m–new
SF9 SANDERSON FARMS INC–0.5%$39.0m207,000+51%added
KRAUSD KRATON CORPORATION–0.5%$36.5m800,000–new
PSTXUSD POSEIDA THERAPEUTICS INC–0.5%$36.2m4.97m0.0%held
SPWH SPORTSMANS WHSE HLDGS INCConsumer Cyclical0.5%$34.2m1.95m+31%added
CXPUSD COLUMBIA PPTY TR INC–0.4%$31.1m1.64m+107%added
EXTRACTION OIL & GAS INC no ticker–0.4%$30.5m541,044+660%added
GSKYGBP GREENSKY INC–0.4%$27.1m2.42m–new
NCLH NORWEGIAN CRUISE LINE HLDGSConsumer Cyclical0.4%$27.0m1.01m−1.8%reduced
RAVN RAVEN INDS INC–0.4%$26.6m462,525−3.6%reduced
MDPUSD MEREDITH CORP–0.4%$25.7m461,100–new
BIDU BAIDU INCCommunication Services0.3%$23.1m150,500−62%reduced
CLDR CLOUDERA INC–0.3%$20.9m1.31m+74%added
CCL CARNIVAL CORPConsumer Cyclical0.3%$19.8m790,300+45%added
FLOWUSD SPX FLOW INC–0.3%$18.3m250,000–new
CONE1EUR CYRUSONE INC–0.2%$17.0m220,000–new
DSPGEUR DSP GROUPS INC–0.2%$16.4m750,000–new
AAL AMERICAN AIRLINES GROUP INCIndustrials0.2%$14.4m9.35m0.0%held
LDLEUR LYDALL INC–0.2%$14.4m232,000+52%added
WB WEIBO CORPCommunication Services0.2%$14.2m300,000–new
TG7 TRIUMPH GROUP INC NEW–0.2%$13.4m720,000+108%added
DIS DISNEY WALT COCommunication Services0.2%$12.7m75,000−37%reduced
NEW FRONTIER HEALTH CORP no ticker–0.2%$11.9m1.06m−30%reduced

Exited since Q2 2021

123 rows
MXIM MAXIM INTEGRATED PRODS INC12.1%$1.2bn
ALXN ALEXION PHARMACEUTICALS INC9.3%$906m
WORK SLACK TECHNOLOGIES INC8.8%$861m
PFPT PROOFPOINT INC4.5%$438m
PRAH PRA HEALTH SCIENCES INC2.1%$205m
GRA1EUR GRACE W R & CO DEL NEW2.0%$191m
QTS QTS RLTY TR INC1.6%$155m
AON AON PLC1.0%$95.8m
TLND TALEND S A0.8%$79.4m
KNL KNOLL INC0.3%$28.6m
CBB CINCINNATI BELL INC NEW0.3%$28.5m
DISCKUSD DISCOVERY INC0.3%$28.2m
ORBC ORBCOMM INC0.3%$28.1m
SOGOGBP SOGOU INC0.2%$19.8m
JTKWY JUST EAT TAKEAWAY COM N V0.1%$13.9m
BPFH BOSTON PRIVATE FINL HLDGS IN0.1%$12.9m
PBCTEUR PEOPLES UNITED FINANCIAL INC0.1%$11.2m
WTW WILLIS TOWERS WATSON PLC LTD0.09%$9.1m
PFGC PERFORMANCE FOOD GROUP CO0.07%$6.5m
LUMINEX CORP DEL no ticker0.06%$6.3m
ESPREUR ESPERION THERAPEUTICS INC NE0.06%$6.1m
HOLLYSYS AUTOMATION TECHNOLO no ticker0.06%$5.5m
ANG-PD AMERICAN NATIONAL GROUP INC0.06%$5.4m
FLYGBP FLY LEASING LTD0.05%$5.1m
HOME AT HOME GROUP INC0.05%$4.7m
PINE TECHNOLOGY ACQUISITION CORP no ticker0.05%$4.6m
GIGCAPITAL4 INC no ticker0.05%$4.6m
LIVE OAK ACQUISITION CORP II no ticker0.04%$4.2m
COLD AMERICOLD REALTY TRUST INC0.04%$3.8m
RDWR RADWARE LTD0.04%$3.7m
REGN REGENERON PHARMACEUTICALS0.04%$3.6m
HUYA HUYA INC0.03%$3.2m
G&P ACQUISITION CORP no ticker0.03%$3.1m
GIGCAPITAL4 INC no ticker0.03%$3.0m
IIPR INNOVATIVE INDL PPTYS INC0.03%$2.9m
DNB DUN & BRADSTREET HLDGS INC0.03%$2.6m
AGRIFY CORP no ticker0.02%$2.4m
SYKES ENTERPRISES INC no ticker0.02%$2.4m
SHOP SHOPIFY INC0.02%$2.2m
ENBLUSD ENABLE MIDSTREAM PARTNERS LP0.02%$2.1m
SITM SITIME CORP0.02%$2.0m
FUSION ACQUISITION CORP no ticker0.02%$1.9m
HP5A EQUITY COMWLTH0.02%$1.8m
FBCUSD FLAGSTAR BANCORP INC0.02%$1.7m
DIDI GLOBAL INC no ticker0.01%$1.4m
SKILLZ INC no ticker0.01%$1.2m
CNST CONSTELLATION PHARMCETICLS I0.01%$1.2m
DRI DARDEN RESTAURANTS INC0.01%$1.2m
SOUTHWEST AIRLS CO no ticker0.01%$1.1m
IRONSOURCE LTD no ticker0.01%$1.1m

Sector mix

  • Unclassified81.3%
  • Technology8.8%
  • Consumer Cyclical4.2%
  • Industrials1.7%
  • Real Estate1.7%
  • Communication Services0.7%
  • Utilities0.6%
  • Healthcare0.5%
  • Financial Services0.2%
  • Consumer Defensive0.1%
  • Energy0.05%
  • 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