Funds › Pentwater Capital Management LP › Q3 2024Pentwater Capital Management LP 13F holdings, Q3 2024 Pentwater Capital Management LP disclosed 52 US equity positions worth $5.5bn in its Q3 2024 13F filing. Its largest position is USX1 at 12.9% of the reported book, followed by HES and SPY. Versus Q2 2024 it opened 15 new positions, added to 16, reduced 13 and exited 16.
$5.5bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
52 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
12.9% Largest position The largest single position as a share of the reported equity book.
77.3% Top 10 weight The ten largest positions together, as a share of the reported equity book.
14 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 2024: 15 new , 16 added , 13 reduced , 16 exited
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Stock Sector Weight Value Shares Δ shares Action USX1 UNITED STATES STL CORP NEW – 12.9% $703m 19.90m −1.5% reduced HES HESS CORP – 11.1% $604m 4.45m +1.6% added SPY SPDR S&P 500 ETF Trust – 8.1% $442m 770,000 +68% added KEL KELLANOVA – 7.8% $428m 5.30m – new 0C3 ENDEAVOR GROUP HLDGS INC – 7.7% $423m 14.80m +12% added JNP JUNIPER NETWORKS INC – 7.5% $410m 10.52m +19% added SMARGBP SMARTSHEET INC – 6.9% $379m 6.84m – new BA BOEING CO Industrials 6.6% $359m 2.36m −6.2% reduced S9Q SPIRIT AEROSYSTEMS HLDGS INC – 5.4% $296m 9.10m +0.9% added SRCLEUR STERICYCLE INC – 3.2% $173m 2.84m +99% added HUBS HUBSPOT INC Technology 2.8% $151m 284,300 −40% reduced AKX ANSYS INC – 2.5% $134m 422,000 +0.5% held AMED AMEDISYS INC – 1.9% $104m 1.07m +38% added CCK CROWN HLDGS INC Consumer Cyclical 1.7% $92.5m 965,000 −3.5% reduced HCP2EUR HASHICORP INC – 1.4% $76.2m 2.25m −17% reduced VZIOEUR VIZIO HLDG CORP – 1.4% $75.4m 6.75m −0.7% reduced MRO* MARATHON OIL CORP – 1.2% $67.1m 2.52m +140% added NVEIUSD NUVEI CORPORATION – 1.2% $66.7m 2.00m 0.0% held CPRI CAPRI HOLDINGS LIMITED Consumer Cyclical 1.1% $61.5m 1.45m −27% reduced CYTK CYTOKINETICS INC Healthcare 1.1% $58.1m 1.10m −1.7% reduced 0VVB PARAMOUNT GLOBAL – 1.0% $53.1m 5.00m – new SNPS SYNOPSYS INC Technology 0.9% $48.1m 95,000 – new CAR AVIS BUDGET GROUP INC Industrials 0.8% $41.8m 477,000 +181% added IE IVANHOE ELECTRIC INC Basic Materials 0.4% $23.3m 2.75m −0.6% reduced POWERSCHOOL HOLDINGS INC no ticker – 0.4% $23.0m 1.01m 0.0% held PRFTUSD PERFICIENT INC – 0.4% $22.6m 300,000 0.0% held PETQEUR PETIQ INC – 0.4% $19.9m 646,000 – new CCL CARNIVAL CORP Consumer Cyclical 0.3% $18.5m 1.00m +614% added PSTXUSD POSEIDA THERAPEUTICS INC – 0.3% $17.1m 5.97m 0.0% held SIRI SIRIUSXM HOLDINGS INC Communication Services 0.3% $16.1m 682,507 +30923% added 8L8C LIBERTY BROADBAND CORP – 0.3% $15.5m 200,000 – new AXNX* AXONICS INC – 0.2% $11.0m 157,800 +58% added ESPERION THERAPEUTICS INC NE no ticker – 0.2% $10.3m 10.86m 0.0% held TECK TECK RESOURCES LTD Basic Materials 0.1% $7.3m 140,000 0.0% held LIBERTY MEDIA CORP DEL no ticker – 0.1% $6.9m 133,485 – new AVGO BROADCOM INC Technology 0.05% $2.9m 17,000 +1600% added NATL NCR ATLEOS CORPORATION Technology 0.05% $2.9m 100,000 −60% reduced HTZ HERTZ GLOBAL HLDGS INC Industrials 0.05% $2.6m 800,500 −63% reduced RBRK RUBRIK INC. Technology 0.03% $1.8m 55,000 +83% added RDDT REDDIT INC Communication Services 0.03% $1.6m 25,000 – new SNOW SNOWFLAKE INC Technology 0.03% $1.4m 12,000 – new TELA TELA BIO INC – 0.02% $1.3m 500,000 +25% added LIBERTY MEDIA CORP DEL no ticker – 0.02% $1.2m 25,000 – new AMD ADVANCED MICRO DEVICES INC Technology 0.02% $820k 5,000 −44% reduced ALAB ASTERA LABS INC Technology 0.01% $524k 10,000 – new PURETECH HEALTH PLC no ticker – 0.01% $515k 25,000 +54% added ESPREUR ESPERION THERAPEUTICS INC NE – 0.01% $299k 181,290 0.0% held AHRT ARMADA HOFFLER PPTYS INC Real Estate 0.0% $217k 20,000 – new DJT TRUMP MEDIA & TECHNOLOGY GRO Communication Services 0.0% $161k 10,000 −92% reduced PARAA PARAMOUNT GLOBAL – 0.0% $154k 7,041 – new
Exited since Q2 2024 Sector mix Unclassified 83.7% Industrials 7.4% Technology 3.8% Consumer Cyclical 3.2% Healthcare 1.1% Basic Materials 0.6% Communication Services 0.3% Real Estate 0.0% 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