WhaleCreep

Pentwater Capital Management LP 13F holdings, Q4 2024

Hedge fundSEC filingsCompare with another fundHoldings as of 2024-12-31, filed 2025-02-14

Pentwater Capital Management LP disclosed 55 US equity positions worth $5.8bn in its Q4 2024 13F filing. Its largest position is HES at 12.2% of the reported book, followed by USX1 and SMARGBP. Versus Q3 2024 it opened 24 new positions, added to 17, reduced 12 and exited 21.

$5.8bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
55
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
12.2%
Largest position
The largest single position as a share of the reported equity book.
79.1%
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 Q3 2024: 24 new, 17 added, 12 reduced, 21 exited

50 of 55
HES HESS CORP–12.2%$706m5.31m+19%added
USX1 UNITED STATES STL CORP NEW–10.8%$629m18.52m−6.9%reduced
SMARGBP SMARTSHEET INC–8.6%$501m8.95m+31%added
JNP JUNIPER NETWORKS INC–8.2%$479m12.78m+21%added
0C3 ENDEAVOR GROUP HLDGS INC–8.1%$473m15.12m+2.2%added
KEL KELLANOVA–8.0%$466m5.75m+8.5%added
BA BOEING COIndustrials7.7%$444m2.51m+6.4%added
SPY SPDR S&P 500 ETF Trust–7.6%$440m750,000−2.6%reduced
S9Q SPIRIT AEROSYSTEMS HLDGS INC–5.4%$314m9.22m+1.3%added
ARCADIUM LITHIUM PLC no ticker–2.4%$141m27.55m–new
AKX ANSYS INC–2.2%$130m385,000−8.8%reduced
AMED AMEDISYS INC–1.8%$107m1.18m+9.8%added
0VVB PARAMOUNT GLOBAL–1.7%$96.9m9.27m+85%added
DFSEUR DISCOVER FINL SVCS–1.6%$92.7m535,000–new
8L8C LIBERTY BROADBAND CORP–1.4%$82.8m1.11m+454%added
PSTXUSD POSEIDA THERAPEUTICS INC–1.4%$82.8m8.63m+44%added
CCK CROWN HLDGS INCConsumer Cyclical1.4%$78.6m950,000−1.6%reduced
JWNUSD NORDSTROM INC–1.1%$61.6m2.55m–new
CYTK CYTOKINETICS INCHealthcare0.9%$51.3m1.09m−0.9%reduced
CAR AVIS BUDGET GROUP INCIndustrials0.9%$50.4m625,000+31%added
SNPS SYNOPSYS INCTechnology0.8%$48.5m100,000+5.3%added
LIBERTY MEDIA CORP DEL no ticker–0.7%$40.7m611,500+2346%added
0E41 ENLINK MIDSTREAM LLC–0.6%$36.4m2.58m–new
CCL CARNIVAL CORPConsumer Cyclical0.6%$33.6m1.35m+35%added
IE IVANHOE ELECTRIC INCBasic Materials0.3%$19.4m2.57m−6.8%reduced
BERYEUR BERRY GLOBAL GROUP INC–0.3%$18.3m283,000–new
HCP2EUR HASHICORP INC–0.3%$16.4m478,484−79%reduced
ATSG* AIR TRANSPORT SERVICES GRP I–0.3%$15.0m682,000–new
TECK TECK RESOURCES LTDBasic Materials0.2%$11.3m280,000+100%added
ESPERION THERAPEUTICS INC NE no ticker–0.2%$10.5m10.86m0.0%held
SIRI SIRIUSXM HOLDINGS INCCommunication Services0.2%$10.3m450,000−34%reduced
7SU SUMMIT MATLS INC–0.2%$10.1m200,000–new
IPG INTERPUBLIC GROUP COS INC–0.2%$9.8m350,000–new
AZPN1USD ASPEN TECHNOLOGY INC–0.2%$9.5m38,000–new
NUE NUCOR CORPBasic Materials0.2%$9.3m80,000–new
SIL1EUR SILVERCREST METALS INC–0.2%$9.1m997,000–new
SGRY SURGERY PARTNERS INCHealthcare0.2%$9.0m425,000–new
APY1EUR CHAMPIONX CORPORATION–0.1%$8.2m300,000–new
LBRDAEUR LIBERTY BROADBAND CORP–0.1%$7.6m102,000–new
ALTREUR ALTAIR ENGR INC–0.1%$7.6m69,362–new
CPRI CAPRI HOLDINGS LIMITEDConsumer Cyclical0.1%$6.3m299,500−79%reduced
BB3 BROOKLINE BANCORP INC DEL–0.1%$5.9m500,000–new
ACI ALBERTSONS COMPANIES INCConsumer Defensive0.1%$5.9m300,000–new
BUSD BARNES GROUP INC–0.09%$5.2m110,000–new
BATRK ATLANTA BRAVES HLDGS INCCommunication Services0.06%$3.6m93,285–new
HUBS HUBSPOT INCTechnology0.06%$3.5m5,000−98%reduced
TELA TELA BIO INC–0.05%$3.0m1.00m+100%added
TSLA TESLA INCConsumer Cyclical0.02%$1.2m3,000–new
INFA1EUR INFORMATICA INC–0.02%$908k35,000–new
PURETECH HEALTH PLC no ticker–0.01%$445k24,111−3.6%reduced

Exited since Q3 2024

21 rows
SRCLEUR STERICYCLE INC3.2%$173m
VZIOEUR VIZIO HLDG CORP1.4%$75.4m
MRO* MARATHON OIL CORP1.2%$67.1m
NVEIUSD NUVEI CORPORATION1.2%$66.7m
POWERSCHOOL HOLDINGS INC no ticker0.4%$23.0m
PRFTUSD PERFICIENT INC0.4%$22.6m
PETQEUR PETIQ INC0.4%$19.9m
AXNX* AXONICS INC0.2%$11.0m
LIBERTY MEDIA CORP DEL no ticker0.1%$6.9m
AVGO BROADCOM INC0.05%$2.9m
NATL NCR ATLEOS CORPORATION0.05%$2.9m
HTZ HERTZ GLOBAL HLDGS INC0.05%$2.6m
RBRK RUBRIK INC.0.03%$1.8m
RDDT REDDIT INC0.03%$1.6m
SNOW SNOWFLAKE INC0.03%$1.4m
AMD ADVANCED MICRO DEVICES INC0.02%$820k
ALAB ASTERA LABS INC0.01%$524k
AHRT ARMADA HOFFLER PPTYS INC0.0%$217k
DJT TRUMP MEDIA & TECHNOLOGY GRO0.0%$161k
SWN1EUR SOUTHWESTERN ENERGY CO0.0%$142k
TRUMP MEDIA & TECHNOLOGY GRO no ticker0.0%$104k

Sector mix

  • Unclassified86.5%
  • Industrials8.5%
  • Consumer Cyclical2.1%
  • Healthcare1.0%
  • Technology0.9%
  • Basic Materials0.7%
  • Communication Services0.2%
  • Consumer Defensive0.1%

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