WhaleCreep

Pentwater Capital Management LP 13F holdings, Q2 2023

Hedge fundSEC filingsCompare with another fundHoldings as of 2023-06-30, filed 2023-08-14

Pentwater Capital Management LP disclosed 86 US equity positions worth $8.0bn in its Q2 2023 13F filing. Its largest position is SGENUSD at 23.2% of the reported book, followed by ATVIEUR and HORIZON THERAPEUTICS PUB L. Versus Q1 2023 it opened 23 new positions, added to 24, reduced 23 and exited 31.

$8.0bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
86
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
23.2%
Largest position
The largest single position as a share of the reported equity book.
82.0%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
7
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 Q1 2023: 23 new, 24 added, 23 reduced, 31 exited

50 of 86
SGENUSD SEAGEN INC–23.2%$1.9bn9.63m+449%added
ATVIEUR ACTIVISION BLIZZARD INC–22.4%$1.8bn21.26m+38%added
HORIZON THERAPEUTICS PUB L no ticker–16.4%$1.3bn12.73m+109%added
NATIONAL INSTRS CORP no ticker–4.9%$393m6.85m+43%added
VMWEUR VMWARE INC–4.8%$382m2.66m+7.7%added
UNVREUR UNIVAR SOLUTIONS INC–2.5%$203m5.67m−1.3%reduced
AJRDEUR AEROJET ROCKETDYNE HLDGS INC–2.5%$198m3.60m+13%added
DENUSD DENBURY INC–1.9%$155m1.79m−26%reduced
TRITON INTL LTD no ticker–1.9%$150m1.80m–new
SSS1EUR LIFE STORAGE INC–1.4%$115m865,802+356%added
ARNC1USD ARCONIC CORPORATION–1.4%$110m3.72m+241%added
BA BOEING COIndustrials1.3%$101m476,000−24%reduced
SPY SPDR S&P 500 ETF Trust–1.1%$86.5m195,038+39%added
2JE FOCUS FINL PARTNERS INC–1.1%$85.9m1.64m+29%added
8IN SYNEOS HEALTH INC–1.0%$83.0m1.97m+2108%added
VYX NCR VOYIX CORPORATIONTechnology1.0%$79.9m3.17m+7.8%added
TECK TECK RESOURCES LTDBasic Materials1.0%$78.7m1.87m–new
RADIGUSD RADIUS GLOBAL INFRASTRCTRE I–0.9%$75.2m5.05m0.0%held
HTZ HERTZ GLOBAL HLDGS INCIndustrials0.9%$71.4m3.88m+122%added
SCHW SCHWAB CHARLES CORPFinancial Services0.8%$63.4m1.12m−15%reduced
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical0.7%$54.2m650,000−3.0%reduced
FCX FREEPORT MCMORAN INCBasic Materials0.7%$52.5m1.31m+4.7%added
FRG1USD FRANCHISE GROUP INC–0.6%$51.6m1.80m–new
MANCHESTER UTD PLC NEW no ticker–0.6%$51.4m2.11m+18%added
DICE THERAPEUTICS INC no ticker–0.6%$50.2m1.08m–new
TSEM TOWER SEMICONDUCTOR LTDTechnology0.5%$36.6m975,000−15%reduced
AMED AMEDISYS INC–0.4%$30.8m337,000–new
PDCEUSD PDC ENERGY INC–0.3%$27.6m388,000–new
ESPERION THERAPEUTICS INC NE no ticker–0.3%$23.3m46.41m0.0%held
OPHTEUR IVERIC BIO INC–0.2%$19.7m500,000–new
KRE SPDR SERIES TRUST–0.2%$18.4m451,691−80%reduced
290A CHINOOK THERAPEUTICS INC–0.2%$17.9m465,000–new
ARGO GROUP INTL HLDGS LTD no ticker–0.2%$12.7m430,430−67%reduced
PSTXUSD POSEIDA THERAPEUTICS INC–0.1%$10.5m5.97m0.0%held
TELA TELA BIO INC–0.1%$8.9m878,799+79%added
IHS IHS HOLDING LIMITEDReal Estate0.1%$8.6m875,000+4.2%added
DIS DISNEY WALT COCommunication Services0.1%$8.5m95,5000.0%held
DOUYU INTL HLDGS LTD no ticker–0.10%$7.6m7.23m−9.2%reduced
GHLEUR GREENHILL & CO INC–0.09%$7.3m500,000–new
MIR MIRION TECHNOLOGIES INCIndustrials0.09%$7.2m850,000+6.3%added
MRVL MARVELL TECHNOLOGY INCTechnology0.08%$6.6m110,000−15%reduced
AMD ADVANCED MICRO DEVICES INCTechnology0.08%$6.4m56,0000.0%held
FHN FIRST HORIZON CORPORATIONFinancial Services0.08%$6.2m551,400−90%reduced
MBLY MOBILEYE GLOBAL INCConsumer Cyclical0.08%$6.1m160,000+220%added
TGNA TEGNA INC–0.08%$6.1m372,538−38%reduced
KRTX KARUNA THERAPEUTICS INC–0.07%$5.9m27,000−44%reduced
VICI VICI PPTYS INCReal Estate0.05%$4.2m135,000−45%reduced
IE IVANHOE ELECTRIC INCBasic Materials0.05%$3.8m291,666−42%reduced
SPB SPECTRUM BRANDS HLDGS INC NEConsumer Defensive0.05%$3.7m47,900−96%reduced
JPM JPMORGAN CHASE & COFinancial Services0.05%$3.7m25,500−54%reduced

Exited since Q1 2023

31 rows
SJR/BEUR SHAW COMMUNICATIONS INC5.3%$319m
AQUAUSD EVOQUA WATER TECHNOLOGIES CO3.1%$184m
OSH3USD OAK STR HEALTH INC2.7%$161m
XM1EUR QUALTRICS INTL INC1.4%$84.9m
WWEUSD WORLD WRESTLING ENTMT INC1.4%$82.3m
PRVBUSD PROVENTION BIO INC1.3%$75.6m
MAXRUSD MAXAR TECHNOLOGIES INC1.2%$70.2m
MGIEUR MONEYGRAM INTL INC1.0%$59.4m
CVENT HOLDING CORP no ticker0.9%$56.3m
AMRYT PHARMA PLC no ticker0.6%$36.5m
MOMENTIVE GLOBAL INC no ticker0.6%$36.3m
CSIIEUR CARDIOVASCULAR SYS INC DEL0.6%$34.7m
SUMO2EUR SUMO LOGIC INC0.6%$34.6m
PVACUSD PENN VA CORP0.5%$33.1m
HPK HIGHPEAK ENERGY INC0.3%$16.6m
ACI ALBERTSONS COMPANIES INC0.1%$6.2m
NCL CORP LTD no ticker0.03%$1.5m
FRCB FIRST REP BK SAN FRANCISCO C0.02%$1.1m
IWM ISHARES TR0.01%$892k
AMLX AMYLYX PHARMACEUTICALS INC0.01%$880k
PLTK PLAYTIKA HLDG CORP0.01%$788k
MDXH MDXHEALTH SA0.01%$740k
AESI ATLAS ENERGY SOLUTIONS INC0.01%$511k
CTLTEUR CATALENT INC0.01%$329k
VERIS RESIDENTIAL INC no ticker0.0%$293k
GMED GLOBUS MED INC0.0%$283k
RENEW ENERGY GLOBAL PLC no ticker0.0%$281k
PYCR PAYCOR HCM INC0.0%$265k
MGM MGM RESORTS INTERNATIONAL0.0%$178k
AMC ENTMT HLDGS INC no ticker0.0%$37.6k
NEM NEWMONT CORP0.0%$49

Sector mix

  • Unclassified92.2%
  • Industrials2.3%
  • Basic Materials1.7%
  • Technology1.7%
  • Financial Services1.0%
  • Consumer Cyclical0.8%
  • Real Estate0.2%
  • Communication Services0.1%
  • Healthcare0.09%
  • Consumer Defensive0.07%
  • 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