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Pentwater Capital Management LP — 13F Holdings & Portfolio

CIK 1425851 · latest 13F-HR filed 2026-08-14

Backtest portfolio

Pentwater Capital Management LP manages $16.35B in 13F-reported U.S. long-equity assets across 90 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are EA (16.90%), BA (8.21%), WBD (7.76%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 29 new positions, exited 30, added to 13, and trimmed 14.

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.

Filer Information
Address
1001 10TH AVENUE SOUTH
SUITE 216
NAPLES, FL 34102
Phone
(239) 384-9750
Filing Manager
Pentwater Capital Management LP
Naples, FL
Signatory
Joyce Kalleekal
Chief Financial Officer
Loading holdings…
AUM

$16.35B

Long-equity book

Holdings

90

Distinct positions

Period

2026-06-30

Filed 2026-08-14

Q/Q Activity

+29 / −30 / ↑13 / ↓14

vs 2026-03-31

Firm Profile & Key People
Name Title / Status Ownership Type

Top Adds (vs prior quarter)

  • CAESARS ENTERTAINMENT INC NE$276.0M +394.0%
  • TXNM ENERGY INC$204.7M +125.0%
  • GEO GROUP INC$151.9M +94.5%
  • ELECTRONIC ARTS INC$151.8M +5.8%
  • TENET HEALTHCARE CORP$119.5M +506.7%
Show all 13 →

Top Trims

  • AVIS BUDGET GROUP INC-$656.5M -63.9%
  • CORE SCIENTIFIC INC NEW-$358.1M -96.3%
  • STATE STR SPDR S&P 500 ETF T-$347.3M -92.1%
  • UNITEDHEALTH GROUP INC-$131.2M -94.7%
  • WARNER BROS DISCOVERY INC-$111.4M -8.1%
Show all 14 →

New Positions

  • ROKU INC$597.5M
  • ORGANON & CO$245.1M
  • DOMINION ENERGY INC$239.0M
  • APOGEE THERAPEUTICS INC$189.1M
  • CARNIVAL CORP LTD$163.0M
Show all 29 →

Exited Positions

  • MASIMO CORP$564.9M
  • HOLOGIC INC$340.2M
  • ARCELLX INC$329.5M
  • CENTESSA PHARMACEUTICALS PLC$324.5M
  • NETFLIX INC.$296.9M
Show all 30 →
All Holdings

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 $2.76B 16.90% 13,475,000 SH
2 BOEING CO BA 097023105 $1.34B 8.21% 6,200,000 SH
3 WARNER BROS DISCOVERY INC WBD 934423104 $1.27B 7.76% 47,576,000 SH
4 STATE STR SPDR S&P 500 ETF T Put SPY 78462F103 $1.06B 6.50% 1,422,500 SH
5 KENVUE INC KVUE 49177J102 $977.1M 5.98% 51,130,000 SH
6 NORFOLK SOUTHN CORP NSC 655844108 $873.0M 5.34% 2,775,000 SH
7 BOEING CO Put BA 097023105 $828.0M 5.06% 3,825,000 SH
8 UNITEDHEALTH GROUP INC Call UNH 91324P102 $777.2M 4.75% 1,870,000 SH
9 ROKU INC ROKU 77543R102 $597.5M 3.65% 4,325,000 SH
10 ECHOSTAR CORP ECHO 278768106 $391.8M 2.40% 3,860,000 SH
11 AVIS BUDGET GROUP INC CAR 053774105 $371.5M 2.27% 2,513,300 SH
12 TXNM ENERGY INC TXNM 69349H107 $368.4M 2.25% 6,487,500 SH
13 TECK RESOURCES LTD TECK 878742204 $354.4M 2.17% 5,960,000 SH
14 CAESARS ENTERTAINMENT INC NE CZR 12769G100 $346.0M 2.12% 11,465,000 SH
15 GEO GROUP INC GEO 36162J106 $312.7M 1.91% 10,582,000 SH
16 ORGANON & CO OGN 68622V106 $245.1M 1.50% 18,100,000 SH
17 DOMINION ENERGY INC D 25746U109 $239.0M 1.46% 3,500,000 SH
18 DIGITALBRIDGE GROUP INC DBRG 25401T603 $198.8M 1.22% 12,600,000 SH
19 SURGERY PARTNERS INC SGRY 86881A100 $195.4M 1.19% 11,630,000 SH
20 APOGEE THERAPEUTICS INC APGE 03770N101 $189.1M 1.16% 1,425,000 SH
21 CARNIVAL CORP LTD CCL G2004J103 $163.0M 1.00% 5,705,000 SH
22 SILICON LABORATORIES INC SLAB 826919102 $162.1M 0.99% 741,725 SH
23 NUVALENT INC NUVL 670703107 $145.1M 0.89% 1,175,000 SH
24 TENET HEALTHCARE CORP THC 88033G407 $143.1M 0.88% 765,000 SH
25 UNITEDHEALTH GROUP INC Put UNH 91324P102 $137.9M 0.84% 331,700 SH
26 WARNER BROS DISCOVERY INC Put WBD 934423104 $128.6M 0.79% 4,821,900 SH
27 PARAMOUNT SKYDANCE CORP PSKY 69932A204 $118.3M 0.72% 12,000,000 SH
28 GLOBALSTAR INC GSAT 378973507 $110.1M 0.67% 1,355,000 SH
29 SPACE EXPLORATION TECHN CORP Put SPCX 84615Q103 $109.4M 0.67% 640,000 SH
30 PARAMOUNT SKYDANCE CORP Put PSKY 69932A204 $98.1M 0.60% 9,950,000 SH
31 ARCOSA INC ACA 039653100 $95.9M 0.59% 660,000 SH
32 BOEING CO Call BA 097023105 $86.6M 0.53% 400,000 SH
33 MICRON TECHNOLOGY INC Call MU 595112103 $85.4M 0.52% 74,000 SH
34 CARNIVAL CORP LTD Put CCL G2004J103 $84.3M 0.52% 2,950,000 SH
35 LIBERTY BROADBAND CORP LBRDK 530307305 $82.9M 0.51% 2,493,644 SH
36 ECHOSTAR CORP Put ECHO 278768106 $73.1M 0.45% 720,000 SH
37 PAYONEER GLOBAL INC PAYO 70451X104 $70.4M 0.43% 9,888,410 SH
38 MICRON TECHNOLOGY INC Put MU 595112103 $68.1M 0.42% 59,000 SH
39 SKYWATER TECHNOLOGY INC SKYT 83089J108 $62.9M 0.38% 1,807,000 SH
40 HCA HEALTHCARE INC HCA 40412C101 $50.7M 0.31% 130,000 SH
41 HUMANA INC Call HUM 444859102 $39.7M 0.24% 100,000 SH
42 SPACE EXPLORATION TECHN CORP SPCX 84615Q103 $39.3M 0.24% 230,000 SH
43 BIO-TECHNE CORP TECH 09073M104 $35.3M 0.22% 500,000 SH
44 CORE SCIENTIFIC INC NEW Put CORZ 21874A106 $33.3M 0.20% 1,300,000 SH
45 NORFOLK SOUTHN CORP Put NSC 655844108 $32.5M 0.20% 103,300 SH
46 STATE STR SPDR S&P 500 ETF T SPY 78462F103 $29.9M 0.18% 40,000 SH
47 INVESCO QQQ TR Put QQQ 46090E103 $29.5M 0.18% 40,000 SH
48 IONQ INC Put IONQ 46222L108 $28.1M 0.17% 526,800 SH
49 AXALTA COATING SYS LTD AXTA G0750C108 $25.9M 0.16% 756,762 SH
50 TENET HEALTHCARE CORP Put THC 88033G407 $22.4M 0.14% 120,000 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-14 $16.35B 90 0001140361-26-033162
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