WhaleCreep

Pentwater Capital Management LP 13F holdings, Q1 2024

Hedge fundSEC filingsCompare with another fundHoldings as of 2024-03-31, filed 2024-05-15

Pentwater Capital Management LP disclosed 57 US equity positions worth $6.1bn in its Q1 2024 13F filing. Its largest position is PXDEUR at 31.1% of the reported book, followed by HES and USX1. Versus Q4 2023 it opened 25 new positions, added to 13, reduced 15 and exited 36.

$6.1bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
57
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
31.1%
Largest position
The largest single position as a share of the reported equity book.
84.5%
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 Q4 2023: 25 new, 13 added, 15 reduced, 36 exited

50 of 57
PXDEUR PIONEER NAT RES CO–31.1%$1.9bn7.22m+24%added
HES HESS CORP–11.4%$693m4.54m+17%added
USX1 UNITED STATES STL CORP NEW–11.2%$684m16.77m+61%added
BA BOEING COIndustrials6.7%$406m2.10m+240%added
JNP JUNIPER NETWORKS INC–6.4%$387m10.45m–new
AKX ANSYS INC–4.7%$289m832,893+531%added
SPY SPDR S&P 500 ETF Trust–3.7%$226m432,379+148%added
TCN1EUR TRICON RESIDENTIAL INC–3.7%$223m20.00m–new
DFSEUR DISCOVER FINL SVCS–3.3%$203m1.55m–new
CPRI CAPRI HOLDINGS LIMITEDConsumer Cyclical2.3%$143m3.16m−21%reduced
WRKUSD WESTROCK CO–2.0%$121m2.46m0.0%held
CERE1EUR CEREVEL THERAPEUTICS HLDNG I–1.5%$93.8m2.22m+102%added
FUSION PHARMACEUTICALS INC no ticker–1.3%$80.6m3.78m–new
CYTK CYTOKINETICS INCHealthcare1.2%$75.7m1.08m–new
SPUSD SP PLUS CORP–1.1%$68.3m1.31m+3168%added
0C3 ENDEAVOR GROUP HLDGS INC–1.0%$61.0m2.37m−44%reduced
AMED AMEDISYS INC–1.0%$59.0m640,000−18%reduced
HTZ HERTZ GLOBAL HLDGS INCIndustrials0.9%$54.3m6.94m−24%reduced
LIBERTY MEDIA CORP DEL no ticker–0.6%$37.1m1.25m−0.8%reduced
IE IVANHOE ELECTRIC INCBasic Materials0.5%$28.9m2.95m+20%added
ERFGBP ENERPLUS CORP–0.4%$25.5m1.29m–new
NATL NCR ATLEOS CORPORATIONTechnology0.4%$22.8m1.16m+30%added
ESPERION THERAPEUTICS INC NE no ticker–0.4%$22.2m26.86m−21%reduced
LIBERTY MEDIA CORP DEL no ticker–0.4%$21.7m730,000+1.4%added
PSTXUSD POSEIDA THERAPEUTICS INC–0.3%$19.1m5.97m0.0%held
ETRNUSD EQUITRANS MIDSTREAM CORP–0.3%$17.5m1.40m–new
CCK CROWN HLDGS INCConsumer Cyclical0.3%$17.3m218,000–new
OLINK HLDG AB no ticker–0.2%$15.0m640,000−76%reduced
ACI ALBERTSONS COMPANIES INCConsumer Defensive0.2%$14.6m680,000+1.0%added
TRUMP MEDIA & TECHNOLOGY GRO no ticker–0.2%$12.7m465,000–new
TECK TECK RESOURCES LTDBasic Materials0.2%$11.9m260,000−87%reduced
AXNX* AXONICS INC–0.2%$10.4m150,400–new
CAR AVIS BUDGET GROUP INCIndustrials0.1%$8.3m68,000–new
AVGO BROADCOM INCTechnology0.1%$6.6m5,000–new
VZIOEUR VIZIO HLDG CORP–0.09%$5.3m487,500–new
NVEIUSD NUVEI CORPORATION–0.08%$4.7m150,000–new
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical0.07%$4.3m60,000−88%reduced
DOYU DOUYU INTL HLDGS LTD–0.05%$3.1m469,995–new
NEOGAMES S A no ticker–0.05%$2.9m100,0000.0%held
GEHC GE HEALTHCARE TECHNOLOGIES IHealthcare0.04%$2.7m30,000–new
QQQ INVESCO QQQ TR–0.04%$2.2m5,000−60%reduced
DJT TRUMP MEDIA & TECHNOLOGY GROCommunication Services0.03%$1.8m29,794–new
TELA TELA BIO INC–0.03%$1.8m308,642−69%reduced
ODD ODDITY TECH LTDConsumer Defensive0.03%$1.6m37,500−25%reduced
AMD ADVANCED MICRO DEVICES INCTechnology0.02%$1.3m7,000–new
VYX NCR VOYIX CORPORATIONTechnology0.02%$1.3m100,000–new
DISH NETWORK CORPORATION no ticker–0.02%$1.3m2.00m–new
MDGL MADRIGAL PHARMACEUTICALS INCHealthcare0.02%$1.1m4,000–new
IMCR IMMUNOCORE HLDGS PLCHealthcare0.02%$975k15,000–new
NCL CORP LTD no ticker–0.02%$948k1.00m0.0%held

Exited since Q4 2023

36 rows
SPLKCHF SPLUNK INC11.6%$619m
KRTX KARUNA THERAPEUTICS INC6.3%$337m
IMGNEUR IMMUNOGEN INC3.2%$168m
AYXEUR ALTERYX INC1.8%$94.3m
KVUE KENVUE INC1.7%$91.1m
MANCHESTER UTD PLC NEW no ticker1.6%$87.6m
MRTXEUR MIRATI THERAPEUTICS INC1.0%$53.0m
TEXTAINER GROUP HOLDINGS LTD no ticker0.9%$49.2m
ICOSAVAX INC no ticker0.9%$47.3m
FCX FREEPORT MCMORAN INC0.8%$43.1m
GRACELL BIOTECHNOLOGIES INC no ticker0.3%$14.7m
SOVO SOVOS BRANDS INC0.1%$6.6m
CI THE CIGNA GROUP0.1%$6.0m
IHS IHS HOLDING LIMITED0.10%$5.3m
RAYZEBIO INC no ticker0.09%$5.0m
DOUYU INTL HLDGS LTD no ticker0.09%$4.5m
DIS DISNEY WALT CO0.08%$4.5m
VICI VICI PPTYS INC0.07%$3.5m
MIR MIRION TECHNOLOGIES INC0.06%$3.4m
WMB WILLIAMS COS INC0.05%$2.4m
SYF SYNCHRONY FINANCIAL0.04%$2.0m
STRO SUTRO BIOPHARMA INC0.04%$1.9m
CMBT CMB.TECH NV0.03%$1.8m
CRBG COREBRIDGE FINL INC0.03%$1.5m
JPM JPMORGAN CHASE & CO0.03%$1.4m
BAC BANK OF AMER CORP0.03%$1.3m
HG HAMILTON INSURANCE GROUP LTD0.02%$1.0m
RXRX RECURSION PHARMACEUTICALS IN0.02%$986k
KVYO KLAVIYO INC0.02%$833k
ARM ARM HOLDINGS PLC0.01%$751k
AMC AMC ENTMT HLDGS INC0.01%$532k
SNPS SYNOPSYS INC0.01%$515k
SAVEEUR SPIRIT AIRLS INC0.01%$410k
FHN FIRST HORIZON CORPORATION0.01%$283k
GATES INDL CORP PLC no ticker0.01%$268k
BIRK BIRKENSTOCK HOLDING PLC0.0%$244k

Sector mix

  • Unclassified86.8%
  • Industrials7.7%
  • Consumer Cyclical2.7%
  • Healthcare1.3%
  • Basic Materials0.7%
  • Technology0.5%
  • Consumer Defensive0.3%
  • Communication Services0.03%
  • Utilities0.01%
  • Energy0.01%

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