Pentwater Capital Management LP was founded by Matthew Halbower in 2007. The Evanson, Illinois-based employee-owned investment firm deals provides its investment services to specific pooled investment vehicles. The current total portfolio value of Pentwater Capital Management LP is approximately $10.4 billion. DirecTV (NASDAQ:DTV), Allergan, Inc. (NYSE:AGN) and Tim Hortons Inc. (NYSE:THI) were its top three holdings according to the SEC 13F filings for the third quarter that ended on September 30, 2014.
DirecTV (NASDAQ:DTV) was the primary investment of Pentwater Capital Management LP with total investment worth $918 million. DirecTV (NASDAQ:DTV) is a broadcaster and a provider of direct broadcast satellite services. The company has its headquarters located in El Segundo, California. Berkshire Hathaway was the top holder in this company with a total of 30 million shares. The second largest shareholder was Highfields Capital Management with 10.6 million shares in total. (You can see complete list on hedge funds which hold positions on DirecTV (NASDAQ:DTV) at the end of the third quarter).
Allergan, Inc. (NYSE:AGN) was the second largest investment of the firm with an investment value of $650.1 million. Allergan, Inc. (NYSE:AGN) is a company that deals with production of Botox, which is a neurologic product used to treat disorders that result from over-activity of the muscle. The company acquired MAP Pharmaceuticals Inc. on 1st march 2013 at a cost approximated to be $958 million. The month of November, 2014, saw Allergan, Inc. gain momentum in its talks with the Irish company, Actavis for a merger for a total sum of $66 billion.
Tim Hortons Inc. (NYSE:THI) came in at position three of DirecTV investment list, coming in with investment worth $535.9 million. Tim Horton Inc. (NYSE:THI) is a multinational restaurant that mainly offers coffee and doughnuts. It is the largest restaurant chain in Canada with a total of 4592 restaurants. Plans are currently underway for Burger King to acquire Tim Hortons Inc. (NYSE:THI) before the end of the year. The acquisition is however feared to carry the possibility of layoffs and high level cost cutting measures.
This article has been written by Victor Ochieng.
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