WhaleCreep

Pentwater Capital Management LP 13F holdings, Q4 2021

Hedge fundSEC filingsCompare with another fundHoldings as of 2021-12-31, filed 2022-02-11

Pentwater Capital Management LP disclosed 157 US equity positions worth $6.3bn in its Q4 2021 13F filing. Its largest position is IHS MARKIT LTD at 19.5% of the reported book, followed by NUANEUR and XLNXEUR. Versus Q3 2021 it opened 52 new positions, added to 39, reduced 35 and exited 78.

$6.3bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
157
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
19.5%
Largest position
The largest single position as a share of the reported equity book.
76.3%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
11
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 2021: 52 new, 39 added, 35 reduced, 78 exited

50 of 157
IHS MARKIT LTD no ticker–19.5%$1.2bn9.31m+7.9%added
NUANEUR NUANCE COMMUNICATIONS INC–15.1%$959m17.34m−1.3%reduced
XLNXEUR XILINX INC–13.5%$858m4.05m+40%added
COHR COHERENT INCTechnology5.9%$374m1.40m−8.7%reduced
CONE1EUR CYRUSONE INC–5.0%$316m3.52m+1500%added
TRQCAD TURQUOISE HILL RES LTD–4.9%$310m18.84m+0.7%added
CERNCHF CERNER CORP–4.0%$251m2.71m–new
BA BOEING COIndustrials3.1%$195m967,500+122%added
ATHENE HLDG LTD no ticker–3.0%$190m2.27m−37%reduced
HTZ HERTZ GLOBAL HLDGS INCIndustrials2.3%$144m5.75m–new
MIMECAST LTD no ticker–1.8%$114m1.44m–new
VICI VICI PPTYS INCReal Estate1.8%$114m3.77m−12%reduced
VNEUSD VEONEER INC–1.6%$100m2.82m–new
MFS1EUR WELBILT INC–1.4%$90.6m3.81m−4.7%reduced
VG1EUR VONAGE HLDGS CORP–1.4%$88.9m4.28m–new
EPAYEUR BOTTOMLINE TECH DEL INC–1.3%$84.7m1.50m–new
JOBSUSD 51JOB INC–1.1%$71.5m1.46m+3.8%added
PCG PG&E CORPUtilities0.8%$51.9m4.28m−12%reduced
FYBR FRONTIER COMMUNICATIONS PARE–0.7%$44.6m1.51m0.0%held
GSKYGBP GREENSKY INC–0.6%$40.3m3.55m+46%added
RCL ROYAL CARIBBEAN CRUISES LTDConsumer Cyclical0.6%$37.1m482,200+4.0%added
FIVN FIVE9 INCTechnology0.6%$36.4m265,000−79%reduced
PSTXUSD POSEIDA THERAPEUTICS INC–0.5%$33.8m4.97m0.0%held
ESPERION THERAPEUTICS INC NE no ticker–0.4%$24.8m46.41m–new
MCFEUSD MCAFEE CORP–0.3%$21.3m826,700–new
NCLH NORWEGIAN CRUISE LINE HLDGSConsumer Cyclical0.3%$20.3m979,000−3.2%reduced
DOUYU INTL HLDGS LTD no ticker–0.3%$18.3m6.95m−59%reduced
AMD ADVANCED MICRO DEVICES INCTechnology0.3%$17.3m120,001–new
ROG ROGERS CORPTechnology0.3%$16.6m60,700–new
VIPS VIPSHOP HOLDINGS LIMITEDConsumer Cyclical0.3%$16.6m1.97m−55%reduced
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical0.2%$15.3m129,000−83%reduced
DJT TRUMP MEDIA & TECHNOLOGY GROCommunication Services0.2%$13.6m263,500–new
AAL AMERICAN AIRLINES GROUP INCIndustrials0.2%$13.0m9.35m0.0%held
ARNAEUR ARENA PHARMACEUTICALS INC–0.2%$12.1m130,000–new
ASO ACADEMY SPORTS & OUTDOORS INConsumer Cyclical0.2%$11.9m270,022+2.8%added
KRAUSD KRATON CORPORATION–0.2%$11.5m248,900−69%reduced
MOMENTIVE GLOBAL INC no ticker–0.2%$11.1m525,000–new
DIS DISNEY WALT COCommunication Services0.2%$11.0m71,200−5.1%reduced
CLVT CLARIVATE PLCTechnology0.2%$11.0m467,656+3.3%added
HEALTHCARE TR AMER INC no ticker–0.2%$10.9m325,000–new
CAR AVIS BUDGET GROUP INCIndustrials0.1%$9.0m43,258–new
WB WEIBO CORPCommunication Services0.1%$8.9m288,600−3.8%reduced
STATE AUTO FINL CORP no ticker–0.1%$8.5m165,3420.0%held
XM1EUR QUALTRICS INTL INC–0.1%$8.4m237,500+332%added
FOE FERRO CORP–0.1%$8.3m380,000+533%added
AVTR AVANTOR INCHealthcare0.1%$8.2m195,000+59%added
SPWH SPORTSMANS WHSE HLDGS INCConsumer Cyclical0.1%$8.1m686,000−65%reduced
CZR CAESARS ENTERTAINMENT INC NEConsumer Cyclical0.1%$8.0m85,000–new
KRTX KARUNA THERAPEUTICS INC–0.1%$7.9m60,000−12%reduced
ISBCUSD INVESTORS BANCORP INC NEW–0.1%$7.8m513,300+12%added

Exited since Q3 2021

78 rows
KSUEUR KANSAS CITY SOUTHERN7.9%$575m
PPD INC no ticker6.8%$498m
HRC HILL-ROM HLDGS INC3.8%$278m
XLRN ACCELERON PHARMA INC2.5%$181m
VER VEREIT INC1.3%$95.2m
CHNGUSD CHANGE HEALTHCARE INC0.9%$62.8m
TREUR TRILLIUM THERAPEUTICS INC0.8%$55.1m
SCORE MEDIA & GAMING INC no ticker0.7%$51.3m
KDMN KADMON HLDGS INC0.6%$42.1m
MNRUSD MONMOUTH REAL ESTATE INVT CO0.6%$41.0m
SF9 SANDERSON FARMS INC0.5%$39.0m
CXPUSD COLUMBIA PPTY TR INC0.4%$31.1m
EXTRACTION OIL & GAS INC no ticker0.4%$30.5m
RAVN RAVEN INDS INC0.4%$26.6m
MDPUSD MEREDITH CORP0.4%$25.7m
BIDU BAIDU INC0.3%$23.1m
CLDR CLOUDERA INC0.3%$20.9m
FLOWUSD SPX FLOW INC0.3%$18.3m
DSPGEUR DSP GROUPS INC0.2%$16.4m
LDLEUR LYDALL INC0.2%$14.4m
MDLA MEDALLIA INC0.2%$11.4m
CAI1USD CAI INTERNATIONAL INC0.1%$9.9m
CVA1EUR COVANTA HLDG CORP0.1%$9.2m
STMP STAMPS COM INC0.1%$9.1m
MX MAGNACHIP SEMICONDUCTOR CORP0.1%$7.3m
ATOTECH LTD no ticker0.09%$6.7m
ECHO1EUR ECHO GLOBAL LOGISTICS INC0.08%$6.1m
DUCK CREEK TECHNOLOGIES INC no ticker0.06%$4.4m
DISCAUSD DISCOVERY INC0.06%$4.3m
UFS DOMTAR CORP0.05%$3.8m
SNOW SNOWFLAKE INC0.05%$3.6m
CNI CANADIAN NATL RY CO0.04%$2.9m
ARES ACQUISITION CORPORATION no ticker0.03%$2.5m
FISV FISERV INC0.03%$2.4m
TLS TELOS CORP MD0.03%$2.3m
QADA QAD INC0.03%$2.2m
LCA2GUSD GOLDEN NUGGET ONLINE GAMIN0.03%$2.0m
ACT ENACT HLDGS INC0.03%$2.0m
CRWD CROWDSTRIKE HLDGS INC0.03%$1.8m
ZNTL ZENTALIS PHARMACEUTICALS INC0.02%$1.6m
TWLO TWILIO INC0.02%$1.6m
EUROPEAN BIOTECH ACQUTN CORP no ticker0.02%$1.5m
XPEV XPENG INC0.02%$1.4m
NXPI NXP SEMICONDUCTORS N V0.02%$1.4m
SDGR SCHRODINGER INC0.02%$1.4m
CNNE CANNAE HLDGS INC0.02%$1.3m
CMPS COMPASS PATHWAYS PLC0.02%$1.1m
TIXT TELUS INTL CDA INC0.02%$1.1m
OPEN OPENDOOR TECHNOLOGIES INC0.02%$1.1m
SOFI SOFI TECHNOLOGIES INC0.02%$1.1m

Sector mix

  • Unclassified80.1%
  • Technology7.8%
  • Industrials5.8%
  • Consumer Cyclical2.1%
  • Real Estate1.9%
  • Utilities0.8%
  • Healthcare0.6%
  • Communication Services0.6%
  • Financial Services0.1%
  • Consumer Defensive0.1%
  • Energy0.06%

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