WhaleCreep

Pentwater Capital Management LP 13F holdings, Q1 2023

Hedge fundSEC filingsCompare with another fundHoldings as of 2023-03-31, filed 2023-05-15

Pentwater Capital Management LP disclosed 94 US equity positions worth $6.0bn in its Q1 2023 13F filing. Its largest position is ATVIEUR at 21.9% of the reported book, followed by HORIZON THERAPEUTICS PUB L and SGENUSD. Versus Q4 2022 it opened 39 new positions, added to 26, reduced 20 and exited 25.

$6.0bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
94
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
21.9%
Largest position
The largest single position as a share of the reported equity book.
66.3%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
13
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 2022: 39 new, 26 added, 20 reduced, 25 exited

50 of 94
ATVIEUR ACTIVISION BLIZZARD INC–21.9%$1.3bn15.39m+82%added
HORIZON THERAPEUTICS PUB L no ticker–11.0%$666m6.10m+72%added
SGENUSD SEAGEN INC–5.9%$355m1.75m–new
SJR/BEUR SHAW COMMUNICATIONS INC–5.3%$319m10.68m+31%added
VMWEUR VMWARE INC–5.1%$308m2.47m+115%added
NATIONAL INSTRS CORP no ticker–4.2%$252m4.80m–new
DENUSD DENBURY INC–3.5%$213m2.44m+309%added
UNVREUR UNIVAR SOLUTIONS INC–3.3%$201m5.75m+3385%added
AQUAUSD EVOQUA WATER TECHNOLOGIES CO–3.1%$184m3.70m–new
AJRDEUR AEROJET ROCKETDYNE HLDGS INC–3.0%$178m3.17m+429%added
OSH3USD OAK STR HEALTH INC–2.7%$161m4.17m–new
BA BOEING COIndustrials2.2%$132m622,500+24%added
KRE SPDR SERIES TRUST–1.7%$101m2.31m–new
FHN FIRST HORIZON CORPORATIONFinancial Services1.6%$94.2m5.30m+28%added
XM1EUR QUALTRICS INTL INC–1.4%$84.9m4.76m–new
WWEUSD WORLD WRESTLING ENTMT INC–1.4%$82.3m902,000–new
SPB SPECTRUM BRANDS HLDGS INC NEConsumer Defensive1.3%$80.8m1.22m+114%added
PRVBUSD PROVENTION BIO INC–1.3%$75.6m3.13m–new
RADIGUSD RADIUS GLOBAL INFRASTRCTRE I–1.2%$74.1m5.05m–new
MAXRUSD MAXAR TECHNOLOGIES INC–1.2%$70.2m1.38m+24%added
VYX NCR VOYIX CORPORATIONTechnology1.2%$69.4m2.94m+23%added
SCHW SCHWAB CHARLES CORPFinancial Services1.1%$69.1m1.32m–new
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical1.1%$68.5m670,000−24%reduced
2JE FOCUS FINL PARTNERS INC–1.1%$66.0m1.27m–new
MGIEUR MONEYGRAM INTL INC–1.0%$59.4m5.70m−2.6%reduced
SPY SPDR S&P 500 ETF Trust–1.0%$57.3m140,038−66%reduced
CVENT HOLDING CORP no ticker–0.9%$56.3m6.73m–new
FCX FREEPORT MCMORAN INCBasic Materials0.9%$51.2m1.25m+36%added
TSEM TOWER SEMICONDUCTOR LTDTechnology0.8%$48.6m1.15m+7.0%added
MANCHESTER UTD PLC NEW no ticker–0.7%$39.6m1.79m–new
ARGO GROUP INTL HLDGS LTD no ticker–0.6%$38.1m1.30m–new
AMRYT PHARMA PLC no ticker–0.6%$36.5m2.50m–new
MOMENTIVE GLOBAL INC no ticker–0.6%$36.3m3.90m–new
CSIIEUR CARDIOVASCULAR SYS INC DEL–0.6%$34.7m1.74m–new
SUMO2EUR SUMO LOGIC INC–0.6%$34.6m2.88m–new
PVACUSD PENN VA CORP–0.5%$33.1m811,000–new
ARNC1USD ARCONIC CORPORATION–0.5%$28.6m1.09m–new
HTZ HERTZ GLOBAL HLDGS INCIndustrials0.5%$28.4m1.75m−38%reduced
SSS1EUR LIFE STORAGE INC–0.4%$24.9m190,000–new
ESPERION THERAPEUTICS INC NE no ticker–0.3%$18.8m46.41m0.0%held
PSTXUSD POSEIDA THERAPEUTICS INC–0.3%$18.4m5.97m0.0%held
HPK HIGHPEAK ENERGY INC–0.3%$16.6m722,600–new
TGNA TEGNA INC–0.2%$10.1m600,000−76%reduced
DIS DISNEY WALT COCommunication Services0.2%$9.6m95,500−32%reduced
DOUYU INTL HLDGS LTD no ticker–0.2%$9.5m7.96m−23%reduced
KRTX KARUNA THERAPEUTICS INC–0.1%$8.7m48,000+380%added
VICI VICI PPTYS INCReal Estate0.1%$8.0m245,000+158%added
IHS IHS HOLDING LIMITEDReal Estate0.1%$7.4m840,000−1.2%reduced
JPM JPMORGAN CHASE & COFinancial Services0.1%$7.2m55,500+118%added
MIR MIRION TECHNOLOGIES INCIndustrials0.1%$6.8m800,000+80%added

Exited since Q4 2022

25 rows
S76 STORE CAP CORP6.5%$208m
AAWWUSD ATLAS AIR WORLDWIDE HLDGS IN3.8%$122m
SWCHF SIERRA WIRELESS INC2.0%$63.5m
SGFYGBP SIGNIFY HEALTH INC1.8%$58.5m
KNOWBE4 INC no ticker1.5%$48.2m
LHCGUSD LHC GROUP INC1.3%$42.0m
1LIFE HEALTHCARE INC no ticker1.3%$40.8m
AIMCUSD ALTRA INDL MOTION CORP1.3%$40.3m
ATLAS CORP no ticker0.9%$28.8m
COUPEUR COUPA SOFTWARE INC0.3%$9.9m
0HJQ AVEO PHARMACEUTICALS INC0.3%$8.2m
COWNEUR COWEN INC0.2%$7.8m
ISTAR INC no ticker0.1%$4.5m
DJT TRUMP MEDIA & TECHNOLOGY GRO0.08%$2.4m
CORSAIR PARTNERING CORP no ticker0.04%$1.2m
MR4 MERIDIAN BIOSCIENCE INC0.03%$996k
AUTL AUTOLUS THERAPEUTICS LTD0.02%$760k
ROG ROGERS CORP0.02%$680k
PROMETHEUS BIOSCIENCES INC no ticker0.02%$660k
FYBR FRONTIER COMMUNICATIONS PARE0.02%$657k
ELUT ELUTIA INC0.02%$531k
RAPT THERAPEUTICS INC no ticker0.02%$495k
WB WEIBO CORP0.01%$191k
BLCO BAUSCH PLUS LOMB CORP0.0%$155k
WBD WARNER BROS DISCOVERY INC0.0%$9.5k

Sector mix

  • Unclassified87.9%
  • Financial Services2.9%
  • Industrials2.8%
  • Technology2.2%
  • Consumer Defensive1.4%
  • Consumer Cyclical1.2%
  • Basic Materials1.0%
  • Real Estate0.3%
  • Communication Services0.2%
  • Healthcare0.1%
  • Energy0.03%

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