Pentwater Capital Management LP — 13F Holdings & Portfolio
CIK 1425851 · latest 13F-HR filed 2026-05-15
Pentwater Capital Management LP manages $19.28B in 13F-reported U.S. long-equity assets across 92 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are EA (13.54%), SPY (10.14%), BA (7.30%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 31 new positions, exited 18, added to 16, and trimmed 6.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$19.28B
Long-equity book
92
Distinct positions
2026-03-31
Filed 2026-05-15
+31 / −18 / ↑16 / ↓6
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- AVIS BUDGET GROUP INC$630.0M +158.3%
- ELECTRONIC ARTS INC$373.7M +16.7%
- STATE STR SPDR S&P 500 ETF T$370.4M +5431.4%
- NETFLIX INC.$266.9M +889.6%
- CLEARWATER ANALYTICS HLDGS I$206.5M +329.4%
Top Trims
- KENVUE INC-$82.0M -8.4%
- PARAMOUNT SKYDANCE CORP-$9.3M -20.0%
- COREWEAVE INC-$7.9M -91.4%
- ATLANTA BRAVES HLDGS INC-$2.7M -75.9%
- PURETECH HEALTH PLC-$124.6K -10.7%
New Positions
- MASIMO CORP$564.9M
- ARCELLX INC$329.5M
- CENTESSA PHARMACEUTICALS PLC$324.5M
- APELLIS PHARMACEUTICALS INC$211.2M
- WEBSTER FINL CORP$129.5M
Exited Positions
- CYBERARK SOFTWARE LTD$1.53B
- EXACT SCIENCES CORP$736.3M
- DAYFORCE INC$657.0M
- AVIDITY BIOSCIENCES INC$434.7M
- CADENCE BANK$266.9M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | ELECTRONIC ARTS INC | EA | 285512109 | $2.61B | 13.54% | 12,807,500 | SH |
| 2 | STATE STR SPDR S&P 500 ETF T Put | SPY | 78462F103 | $1.96B | 10.14% | 3,007,500 | SH |
| 3 | BOEING CO | BA | 097023105 | $1.41B | 7.30% | 7,069,500 | SH |
| 4 | WARNER BROS DISCOVERY INC | WBD | 934423104 | $1.38B | 7.15% | 50,245,000 | SH |
| 5 | AVIS BUDGET GROUP INC | CAR | 053774105 | $1.03B | 5.33% | 7,048,300 | SH |
| 6 | BOEING CO Put | BA | 097023105 | $1.00B | 5.21% | 5,045,000 | SH |
| 7 | NORFOLK SOUTHN CORP | NSC | 655844108 | $924.1M | 4.79% | 3,220,000 | SH |
| 8 | KENVUE INC | KVUE | 49177J102 | $896.5M | 4.65% | 52,000,000 | SH |
| 9 | UNITEDHEALTH GROUP INC Call | UNH | 91324P102 | $768.5M | 3.99% | 2,840,000 | SH |
| 10 | MASIMO CORP | MASI | 574795100 | $564.9M | 2.93% | 3,176,000 | SH |
| 11 | STATE STR SPDR S&P 500 ETF T | SPY | 78462F103 | $377.2M | 1.96% | 580,000 | SH |
| 12 | CORE SCIENTIFIC INC NEW | CORZ | 21874A106 | $371.8M | 1.93% | 24,852,000 | SH |
| 13 | TECK RESOURCES LTD | TECK | 878742204 | $360.2M | 1.87% | 6,960,000 | SH |
| 14 | HOLOGIC INC | HOLX | 436440101 | $340.2M | 1.76% | 4,500,224 | SH |
| 15 | ARCELLX INC | ACLX | 03940C100 | $329.5M | 1.71% | 2,870,000 | SH |
| 16 | CENTESSA PHARMACEUTICALS PLC | CNTA | 152309100 | $324.5M | 1.68% | 8,170,000 | SH |
| 17 | NETFLIX INC. Put | NFLX | 64110L106 | $323.1M | 1.68% | 3,360,000 | SH |
| 18 | NETFLIX INC. | NFLX | 64110L106 | $296.9M | 1.54% | 3,088,000 | SH |
| 19 | ECHOSTAR CORP | SATS | 278768106 | $276.3M | 1.43% | 2,360,000 | SH |
| 20 | CLEARWATER ANALYTICS HLDGS I | CWAN | 185123106 | $269.3M | 1.40% | 11,385,000 | SH |
| 21 | APELLIS PHARMACEUTICALS INC | APLS | 03753U106 | $211.2M | 1.10% | 5,250,000 | SH |
| 22 | AMICUS THERAPEUTIC | FOLD | 03152W109 | $202.4M | 1.05% | 14,000,000 | SH |
| 23 | DIGITALBRIDGE GROUP INC | DBRG | 25401T603 | $181.2M | 0.94% | 11,750,000 | SH |
| 24 | UNITEDHEALTH GROUP INC Put | UNH | 91324P102 | $174.5M | 0.91% | 645,000 | SH |
| 25 | TXNM ENERGY INC | TXNM | 69349H107 | $163.7M | 0.85% | 2,800,000 | SH |
| 26 | GEO GROUP INC | GEO | 36162J106 | $160.8M | 0.83% | 9,565,000 | SH |
| 27 | CARNIVAL CORP | CCL | 143658300 | $156.8M | 0.81% | 6,060,000 | SH |
| 28 | AIR LEASE CORP | AL | 00912X302 | $155.6M | 0.81% | 2,396,825 | SH |
| 29 | SURGERY PARTNERS INC | SGRY | 86881A100 | $150.8M | 0.78% | 12,655,000 | SH |
| 30 | UNITEDHEALTH GROUP INC | UNH | 91324P102 | $138.5M | 0.72% | 512,000 | SH |
| 31 | WARNER BROS DISCOVERY INC Put | WBD | 934423104 | $133.8M | 0.69% | 4,871,900 | SH |
| 32 | WEBSTER FINL CORP | WBS | 947890109 | $129.5M | 0.67% | 1,866,090 | SH |
| 33 | LIBERTY BROADBAND CORP | LBRDK | 530307305 | $125.4M | 0.65% | 2,493,644 | SH |
| 34 | NETFLIX INC. Call | NFLX | 64110L106 | $123.1M | 0.64% | 1,280,000 | SH |
| 35 | AVIS BUDGET GROUP INC Call | CAR | 053774105 | $113.2M | 0.59% | 775,800 | SH |
| 36 | SILICON LABORATORIES INC | SLAB | 826919102 | $104.1M | 0.54% | 500,000 | SH |
| 37 | INVESCO QQQ TR Put | QQQ | 46090E103 | $98.1M | 0.51% | 170,000 | SH |
| 38 | CORE SCIENTIFIC INC NEW Put | CORZ | 21874A106 | $86.8M | 0.45% | 5,800,000 | SH |
| 39 | CARNIVAL CORP Put | CCL | 143658300 | $82.2M | 0.43% | 3,175,000 | SH |
| 40 | CAESARS ENTERTAINMENT INC NE | CZR | 12769G100 | $70.0M | 0.36% | 2,650,000 | SH |
| 41 | KENVUE INC Call | KVUE | 49177J102 | $53.4M | 0.28% | 3,100,000 | SH |
| 42 | UNITED AIRLS HLDGS INC Put | UAL | 910047109 | $48.8M | 0.25% | 530,000 | SH |
| 43 | CORE SCIENTIFIC INC NEW Call | CORZ | 21874A106 | $47.9M | 0.25% | 3,200,000 | SH |
| 44 | UNITED AIRLS HLDGS INC | UAL | 910047109 | $46.0M | 0.24% | 500,000 | SH |
| 45 | ONESTREAM INC | OS | 68278B107 | $45.4M | 0.24% | 1,890,000 | SH |
| 46 | PARAMOUNT SKYDANCE CORP | PSKY | 69932A204 | $37.0M | 0.19% | 4,100,000 | SH |
| 47 | HCA HEALTHCARE INC | HCA | 40412C101 | $35.5M | 0.18% | 75,000 | SH |
| 48 | INVESCO QQQ TR | QQQ | 46090E103 | $34.6M | 0.18% | 60,000 | SH |
| 49 | PARAMOUNT SKYDANCE CORP Put | PSKY | 69932A204 | $33.4M | 0.17% | 3,700,000 | SH |
| 50 | NORFOLK SOUTHN CORP Put | NSC | 655844108 | $29.6M | 0.15% | 103,300 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-15 | $19.28B | 92 | 0001140361-26-021678 |
| 2025-12-31 | 2026-02-17 | $19.02B | 77 | 0001140361-26-005785 |
| 2025-09-30 | 2025-11-14 | $17.88B | 110 | 0001140361-25-042346 |