Funds › Pentwater Capital Management LP › Q4 2023Pentwater Capital Management LP 13F holdings, Q4 2023 Pentwater Capital Management LP disclosed 68 US equity positions worth $5.3bn in its Q4 2023 13F filing. Its largest position is PXDEUR at 24.7% of the reported book, followed by SPLKCHF and HES. Versus Q3 2023 it opened 24 new positions, added to 18, reduced 20 and exited 25.
$5.3bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
68 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
24.7% Largest position The largest single position as a share of the reported equity book.
76.4% Top 10 weight The ten largest positions together, as a share of the reported equity book.
10 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 2023: 24 new , 18 added , 20 reduced , 25 exited
50 of 68 Show all 68
Stock Sector Weight Value Shares Δ shares Action PXDEUR PIONEER NAT RES CO – 24.7% $1.3bn 5.84m – new SPLKCHF SPLUNK INC – 11.6% $619m 4.06m +60% added HES HESS CORP – 10.5% $560m 3.88m – new USX1 UNITED STATES STL CORP NEW – 9.5% $507m 10.42m +2457% added KRTX KARUNA THERAPEUTICS INC – 6.3% $337m 1.07m +3641% added CPRI CAPRI HOLDINGS LIMITED Consumer Cyclical 3.8% $201m 4.00m +292% added IMGNEUR IMMUNOGEN INC – 3.2% $168m 5.66m – new BA BOEING CO Industrials 3.0% $161m 617,500 −47% reduced WRKUSD WESTROCK CO – 1.9% $102m 2.46m +43% added 0C3 ENDEAVOR GROUP HLDGS INC – 1.9% $100m 4.22m – new HTZ HERTZ GLOBAL HLDGS INC Industrials 1.8% $95.3m 9.17m +67% added AYXEUR ALTERYX INC – 1.8% $94.3m 2.00m – new KVUE KENVUE INC Consumer Defensive 1.7% $91.1m 4.23m −31% reduced MANCHESTER UTD PLC NEW no ticker – 1.6% $87.6m 4.30m +42900% added TECK TECK RESOURCES LTD Basic Materials 1.6% $83.7m 1.98m −7.0% reduced SPY SPDR S&P 500 ETF Trust – 1.6% $82.9m 174,420 −59% reduced AMED AMEDISYS INC – 1.4% $74.1m 780,000 −32% reduced OLINK HLDG AB no ticker – 1.2% $65.8m 2.62m – new MRTXEUR MIRATI THERAPEUTICS INC – 1.0% $53.0m 902,632 – new TEXTAINER GROUP HOLDINGS LTD no ticker – 0.9% $49.2m 1.00m – new AKX ANSYS INC – 0.9% $47.9m 132,000 – new ICOSAVAX INC no ticker – 0.9% $47.3m 3.00m – new CERE1EUR CEREVEL THERAPEUTICS HLDNG I – 0.9% $46.6m 1.10m – new FCX FREEPORT MCMORAN INC Basic Materials 0.8% $43.1m 1.01m −18% reduced BABA ALIBABA GROUP HLDG LTD Consumer Cyclical 0.7% $38.8m 500,000 −3.8% reduced LIBERTY MEDIA CORP DEL no ticker – 0.7% $36.2m 1.26m +3260% added IE IVANHOE ELECTRIC INC Basic Materials 0.5% $24.8m 2.46m +41% added NATL NCR ATLEOS CORPORATION Technology 0.4% $21.6m 889,000 – new LIBERTY MEDIA CORP DEL no ticker – 0.4% $20.7m 720,000 +239% added PSTXUSD POSEIDA THERAPEUTICS INC – 0.4% $20.1m 5.97m 0.0% held ESPERION THERAPEUTICS INC NE no ticker – 0.4% $19.9m 34.11m −27% reduced ACI ALBERTSONS COMPANIES INC Consumer Defensive 0.3% $15.5m 673,300 +648% added GRACELL BIOTECHNOLOGIES INC no ticker – 0.3% $14.7m 1.46m – new SOVO SOVOS BRANDS INC – 0.1% $6.6m 300,000 +2900% added TELA TELA BIO INC – 0.1% $6.6m 990,000 +7.0% added CI THE CIGNA GROUP Healthcare 0.1% $6.0m 20,000 – new IHS IHS HOLDING LIMITED Real Estate 0.10% $5.3m 1.15m +40% added QQQ INVESCO QQQ TR – 0.10% $5.1m 12,500 −69% reduced RAYZEBIO INC no ticker – 0.09% $5.0m 80,000 – new DOUYU INTL HLDGS LTD no ticker – 0.09% $4.5m 4.78m −31% reduced DIS DISNEY WALT CO Communication Services 0.08% $4.5m 50,000 −46% reduced I8R IROBOT CORP – 0.08% $4.1m 105,000 −45% reduced VICI VICI PPTYS INC Real Estate 0.07% $3.5m 110,000 −12% reduced MIR MIRION TECHNOLOGIES INC Industrials 0.06% $3.4m 335,000 −42% reduced NEOGAMES S A no ticker – 0.05% $2.9m 100,000 +245% added WMB WILLIAMS COS INC Energy 0.05% $2.4m 70,000 0.0% held ODD ODDITY TECH LTD Consumer Defensive 0.04% $2.3m 50,000 0.0% held SPUSD SP PLUS CORP – 0.04% $2.0m 40,000 – new SYF SYNCHRONY FINANCIAL Financial Services 0.04% $2.0m 52,500 −4.5% reduced STRO SUTRO BIOPHARMA INC Healthcare 0.04% $1.9m 450,000 +4.7% added
Exited since Q3 2023 Sector mix Unclassified 84.6% Industrials 4.9% Consumer Cyclical 4.5% Basic Materials 2.8% Consumer Defensive 2.0% Technology 0.4% Healthcare 0.2% Real Estate 0.2% Financial Services 0.1% Communication Services 0.09% Energy 0.08% Book over time Every quarter on file (75) Where Pentwater Capital Management LP was early 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