WhaleCreep

Pentwater Capital Management LP 13F holdings, Q3 2023

Hedge fundSEC filingsCompare with another fundHoldings as of 2023-09-30, filed 2023-11-14

Pentwater Capital Management LP disclosed 69 US equity positions worth $10.4bn in its Q3 2023 13F filing. Its largest position is ATVIEUR at 27.4% of the reported book, followed by SGENUSD and HORIZON THERAPEUTICS PUB L. Versus Q2 2023 it opened 19 new positions, added to 20, reduced 22 and exited 36.

$10.4bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
69
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
27.4%
Largest position
The largest single position as a share of the reported equity book.
90.1%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
5
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 2023: 19 new, 20 added, 22 reduced, 36 exited

50 of 69
ATVIEUR ACTIVISION BLIZZARD INC–27.4%$2.8bn30.37m+43%added
SGENUSD SEAGEN INC–26.3%$2.7bn12.88m+34%added
HORIZON THERAPEUTICS PUB L no ticker–17.3%$1.8bn15.55m+22%added
VMWEUR VMWARE INC–6.3%$653m3.92m+47%added
SPLKCHF SPLUNK INC–3.6%$370m2.53m–new
NATIONAL INSTRS CORP no ticker–2.6%$267m4.47m−35%reduced
BA BOEING COIndustrials2.1%$221m1.16m+143%added
SPY SPDR S&P 500 ETF Trust–1.7%$180m420,380+116%added
NEWREUR NEW RELIC INC–1.6%$167m1.95m–new
KVUE KENVUE INCConsumer Defensive1.2%$122m6.10m+7523%added
DENUSD DENBURY INC–1.1%$115m1.17m−35%reduced
AMED AMEDISYS INC–1.0%$107m1.14m+239%added
ABCAM PLC no ticker–0.9%$97.4m4.30m–new
TECK TECK RESOURCES LTDBasic Materials0.9%$91.8m2.13m+14%added
VYX NCR VOYIX CORPORATIONTechnology0.7%$73.4m2.72m−14%reduced
HTZ HERTZ GLOBAL HLDGS INCIndustrials0.6%$67.4m5.50m+42%added
WRKUSD WESTROCK CO–0.6%$61.4m1.71m–new
CPRI CAPRI HOLDINGS LIMITEDConsumer Cyclical0.5%$53.7m1.02m–new
FCX FREEPORT MCMORAN INCBasic Materials0.4%$45.9m1.23m−6.2%reduced
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical0.4%$45.1m520,000−20%reduced
TWNKEUR HOSTESS BRANDS INC–0.3%$30.0m900,000–new
ESPERION THERAPEUTICS INC NE no ticker–0.2%$24.7m46.41m0.0%held
IE IVANHOE ELECTRIC INCBasic Materials0.2%$20.8m1.75m+501%added
QQQ INVESCO QQQ TR–0.1%$14.3m39,923–new
PSTXUSD POSEIDA THERAPEUTICS INC–0.1%$14.2m5.97m0.0%held
USX1 UNITED STATES STL CORP NEW–0.1%$13.2m407,500–new
BIPC BROOKFIELD INFRASTRUCTURE CO–0.1%$12.8m363,390–new
HTEUR HERSHA HOSPITALITY TR–0.1%$10.8m1.10m–new
ARGO GROUP INTL HLDGS LTD no ticker–0.09%$9.7m325,000−24%reduced
KRE SPDR SERIES TRUST–0.09%$9.2m220,000−51%reduced
DIS DISNEY WALT COCommunication Services0.07%$7.5m92,000−3.7%reduced
TELA TELA BIO INC–0.07%$7.4m925,000+5.3%added
I8R IROBOT CORP–0.07%$7.2m190,000+692%added
GHLEUR GREENHILL & CO INC–0.07%$7.1m478,500−4.3%reduced
DOUYU INTL HLDGS LTD no ticker–0.06%$6.7m6.93m−4.1%reduced
AMD ADVANCED MICRO DEVICES INCTechnology0.06%$6.6m64,500+15%added
MRVL MARVELL TECHNOLOGY INCTechnology0.06%$6.0m110,0000.0%held
FHN FIRST HORIZON CORPORATIONFinancial Services0.06%$5.8m524,600−4.9%reduced
LIBERTY MEDIA CORP DEL no ticker–0.05%$5.4m212,500–new
KRTX KARUNA THERAPEUTICS INC–0.05%$4.8m28,500+5.6%added
TSEM TOWER SEMICONDUCTOR LTDTechnology0.05%$4.7m191,400−80%reduced
IHS IHS HOLDING LIMITEDReal Estate0.04%$4.6m822,725−6.0%reduced
MIR MIRION TECHNOLOGIES INCIndustrials0.04%$4.3m578,186−32%reduced
VICI VICI PPTYS INCReal Estate0.04%$3.6m125,000−7.4%reduced
CIR2USD CIRCOR INTL INC–0.03%$3.3m60,000+9.2%added
AMC AMC ENTMT HLDGS INCCommunication Services0.03%$3.0m378,327–new
JPM JPMORGAN CHASE & COFinancial Services0.03%$2.6m18,000−29%reduced
WMB WILLIAMS COS INCEnergy0.02%$2.4m70,0000.0%held
ACI ALBERTSONS COMPANIES INCConsumer Defensive0.02%$2.0m90,000–new
MBLY MOBILEYE GLOBAL INCConsumer Cyclical0.02%$1.8m42,500−73%reduced

Exited since Q2 2023

36 rows
UNVREUR UNIVAR SOLUTIONS INC2.5%$203m
AJRDEUR AEROJET ROCKETDYNE HLDGS INC2.5%$198m
TRITON INTL LTD no ticker1.9%$150m
SSS1EUR LIFE STORAGE INC1.4%$115m
ARNC1USD ARCONIC CORPORATION1.4%$110m
2JE FOCUS FINL PARTNERS INC1.1%$85.9m
8IN SYNEOS HEALTH INC1.0%$83.0m
RADIGUSD RADIUS GLOBAL INFRASTRCTRE I0.9%$75.2m
SCHW SCHWAB CHARLES CORP0.8%$63.4m
FRG1USD FRANCHISE GROUP INC0.6%$51.6m
DICE THERAPEUTICS INC no ticker0.6%$50.2m
PDCEUSD PDC ENERGY INC0.3%$27.6m
OPHTEUR IVERIC BIO INC0.2%$19.7m
290A CHINOOK THERAPEUTICS INC0.2%$17.9m
TGNA TEGNA INC0.08%$6.1m
SPB SPECTRUM BRANDS HLDGS INC NE0.05%$3.7m
CLARIVATE PLC no ticker0.04%$3.5m
ALITEUR ALIGHT INC0.04%$3.5m
NUVAGBP NUVASIVE INC0.03%$2.3m
CHINDATA GROUP HLDGS LTD no ticker0.02%$1.7m
MLYS MINERALYS THERAPEUTICS INC0.02%$1.4m
STHO STAR HLDGS0.02%$1.3m
TENB TENABLE HLDGS INC0.02%$1.3m
CWST CASELLA WASTE SYS INC0.01%$905k
RCL ROYAL CARIBBEAN CRUISES LTD0.01%$830k
PELAGOS INS CAP LTD no ticker0.01%$683k
ASLE AERSALE CORPORATION0.01%$676k
MRVI MARAVAI LIFESCIENCES HLDGS I0.01%$622k
NXT NEXTPOWER INC0.01%$597k
CLVT CLARIVATE PLC0.01%$572k
FNAUSD PARAGON 28 INC0.01%$536k
2XY SCIPLAY CORPORATION0.01%$504k
PLRX PLIANT THERAPEUTICS INC0.01%$453k
SBDS SOLO BRANDS INC0.0%$396k
ESPREUR ESPERION THERAPEUTICS INC NE0.0%$252k
SVV SAVERS VALUE VLG INC0.0%$119k

Sector mix

  • Unclassified92.2%
  • Industrials2.8%
  • Basic Materials1.5%
  • Consumer Defensive1.2%
  • Consumer Cyclical1.0%
  • Technology0.9%
  • Financial Services0.1%
  • Communication Services0.1%
  • Real Estate0.08%
  • Energy0.02%
  • Healthcare0.02%

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