Pentwater Capital Management LP
13F Reported Value
ⓘ$16.4B
incl. option notional
Equity Holdings
ⓘ$12.5B
Option Notional
ⓘ$3.8B
$2.8B puts / $1.0B calls
Holdings
90
Latest Filing
2026-06-30
Filing Quarter
Q2 2026
Portfolio Overview
Pentwater Capital Management LP disclosed 90 positions worth $16.4B in its Form 13F-HR for Q2 2026 — $12.5B in common stock plus $3.8B of put/call option positions (reported at underlying notional value, not premium at risk), led by $EA (ELECTRONIC ARTS INC.) at 22.1% of the equity portfolio, followed by $BA and $WBD. During the quarter the fund opened 40 new positions and exited 42 — including a new stake in $ROKU and a full exit from $MASI. The portfolio is most concentrated in Technology (24.5% of disclosed assets). All figures are sourced directly from Pentwater Capital Management LP’s Form 13F-HR filing with the SEC under CIK 1425851.
AI Fund Analysis
ConcentratingSector Allocation
AUM History
Top Equity Holdings by Value
Option Positions
13F rules report options at the value of the underlying shares (notional) — not the premium paid or capital at risk. Shown separately from the equity sleeve above.
Quarterly Activity — Q2 2026
Click any card to unlockTop Holdings
- 62.9#671
Quality
$2.8B13,475,000 sh - 61.6#764
Quality
$1.3B6,200,000 sh - 41.4#2,060
Quality
$1.3B47,576,000 sh - —
Quality
$1.1B1,422,500 sh - 60.3
Quality
$977.1M51,130,000 sh - 63.2
Quality
$873.0M2,775,000 sh - 61.6
Quality
$828.0M3,825,000 sh - 62.7
Quality
$777.2M1,870,000 sh - 66.7
Quality
$597.5M4,325,000 sh - 32.8
Quality
$391.8M3,860,000 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 ELECTRONIC ARTS INC.$EA | 62.9#671 | $2.8B | 13,475,000 |
 BOEING CO$BA | 61.6#764 | $1.3B | 6,200,000 |
 Warner Bros. Discovery, Inc.$WBD | 41.4#2,060 | $1.3B | 47,576,000 |
 SPDR S&P 500 ETF TRUST$SPYPUT | — | $1.1B | 1,422,500 |
 Kenvue Inc.$KVUE | 60.3 | $977.1M | 51,130,000 |
 NORFOLK SOUTHERN CORP$NSC | 63.2 | $873.0M | 2,775,000 |
| BOEING CO$BAPUT | 61.6 | $828.0M | 3,825,000 |
 UNITEDHEALTH GROUP INC$UNHCALL | 62.7 | $777.2M | 1,870,000 |
 ROKU, INC$ROKU | 66.7 | $597.5M | 4,325,000 |
 EchoStar CORP$ECHO | 32.8 | $391.8M | 3,860,000 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of Pentwater Capital Management LP's 90 positions.
Showing top 10 of 90 holdings.
Sector Allocation
Technology
$3.1B
Industrials
$2.9B
Communication Services
$2.6B
Healthcare
$1.0B
Consumer Staples
$977.1M
Consumer Discretionary
$717.6M
Utilities
$616.4M
Materials
$402.5M
Full Holdings — Pentwater Capital Management LP (Q2 2026)
All 90 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $EA | ELECTRONIC ARTS INC. | $2.8B | 22.1% | +5% | 62.9 |
| 2 | $BA | BOEING CO | $1.3B | 10.7% | -12% | 61.6 |
| 3 | $WBD | Warner Bros. Discovery, Inc. | $1.3B | 10.1% | -5% | 41.4 |
| 4 | $SPYPUT | SPDR S&P 500 ETF TRUST | $1.1B | — | -53% | — |
| 5 | $KVUE | Kenvue Inc. | $977.1M | 7.8% | -2% | 60.3 |
| 6 | $NSC | NORFOLK SOUTHERN CORP | $873.0M | 7.0% | -14% | 63.2 |
| 7 | $BAPUT | BOEING CO | $828.0M | — | -24% | 61.6 |
| 8 | $UNHCALL | UNITEDHEALTH GROUP INC | $777.2M | — | -34% | 62.7 |
| 9 | $ROKU | ROKU, INC | $597.5M | 4.8% | NEW | 66.7 |
| 10 | $ECHO | EchoStar CORP | $391.8M | 3.1% | +64% | 32.8 |
| 11 |  $CAR | AVIS BUDGET GROUP, INC. | $371.5M | 3.0% | -64% | 54.8 |
| 12 |  $TXNM | TXNM ENERGY INC | $368.4M | 2.9% | +132% | 52.8 |
| 13 |  $TECK | TECK RESOURCES LTD | $354.4M | 2.8% | -14% | — |
| 14 |  $CZR | Caesars Entertainment, Inc. | $346.0M | 2.8% | +333% | 44.5 |
| 15 |  $GEO | GEO GROUP INC | $312.7M | 2.5% | +11% | 54.5 |
| 16 |  $OGN | Organon & Co. | $245.1M | 2.0% | NEW | 50.5 |
| 17 |  $D | DOMINION ENERGY, INC | $239.0M | 1.9% | NEW | 69.9 |
| 18 |  $DBRG | DigitalBridge Group, Inc. | $198.8M | 1.6% | +7% | 36.5 |
| 19 |  $SGRY | Surgery Partners, Inc. | $195.4M | 1.6% | -8% | 53.1 |
| 20 |  $APGE | Apogee Therapeutics, Inc. | $189.1M | 1.5% | NEW | — |
| 21 |  $CCL | Carnival Corp Ltd. | $163.0M | 1.3% | -6% | — |
| 22 |  $SLAB | SILICON LABORATORIES INC. | $162.1M | 1.3% | +48% | 41.2 |
| 23 |  $NUVL | Nuvalent, Inc. | $145.1M | 1.2% | NEW | — |
| 24 |  $THC | TENET HEALTHCARE CORP | $143.1M | 1.1% | +512% | 66.2 |
| 25 | $UNHPUT | UNITEDHEALTH GROUP INC | $137.9M | — | -49% | 62.7 |
| 26 | $WBDPUT | Warner Bros. Discovery, Inc. | $128.6M | — | -1% | 41.4 |
| 27 |  $PSKY | Paramount Skydance Corp | $118.3M | 0.9% | +193% | 44.5 |
| 28 |  $GSAT | Globalstar, Inc. | $110.1M | 0.9% | NEW | 52.5 |
| 29 |  $SPCXPUT | SPACE EXPLORATION TECHNOLOGIES CORP | $109.4M | — | NEW | — |
| 30 | $PSKYPUT | Paramount Skydance Corp | $98.1M | — | +169% | 44.5 |
| 31 |  $ACA | Arcosa, Inc. | $95.9M | 0.8% | NEW | 60.2 |
| 32 | $BACALL | BOEING CO | $86.6M | — | +700% | 61.6 |
| 33 |  $MUCALL | MICRON TECHNOLOGY INC | $85.4M | — | NEW | 86.2 |
| 34 | $CCLPUT | Carnival Corp Ltd. | $84.3M | — | -7% | — |
| 35 |  $LBRDA | Liberty Broadband Corp | $82.9M | 0.7% | +0% | 53 |
| 36 | $ECHOPUT | EchoStar CORP | $73.1M | — | +500% | 32.8 |
| 37 |  $PAYO | Payoneer Global Inc. | $70.4M | 0.6% | NEW | 53.5 |
| 38 | $MUPUT | MICRON TECHNOLOGY INC | $68.1M | — | NEW | 86.2 |
| 39 |  $SKYT | SkyWater Technology, LLC | $62.9M | 0.5% | NEW | 59 |
| 40 |  $HCA | HCA Healthcare, Inc. | $50.7M | 0.4% | +73% | 68.9 |
| 41 |  $HUMCALL | HUMANA INC | $39.7M | — | NEW | 58.9 |
| 42 | $SPCX | SPACE EXPLORATION TECHNOLOGIES CORP | $39.3M | 0.3% | NEW | — |
| 43 |  $TECH | BIO-TECHNE Corp | $35.3M | 0.3% | NEW | 58.9 |
| 44 |  $CORZPUT | Core Scientific, Inc./tx | $33.3M | — | -78% | 14.1 |
| 45 | $NSCPUT | NORFOLK SOUTHERN CORP | $32.5M | — | +0% | 63.2 |
| 46 | $SPY | SPDR S&P 500 ETF TRUST | $29.9M | 0.2% | -93% | — |
| 47 |  $QQQPUT | INVESCO QQQ TRUST, SERIES 1 | $29.5M | — | -76% | — |
| 48 |  $IONQPUT | IonQ, Inc. | $28.1M | — | NEW | 30.2 |
| 49 |  $AXTA | Axalta Coating Systems Ltd. | $25.9M | 0.2% | NEW | — |
| 50 | $THCPUT | TENET HEALTHCARE CORP | $22.4M | — | NEW | 66.2 |
| 51 | $MU | MICRON TECHNOLOGY INC | $20.8M | 0.2% | NEW | 86.2 |
| 52 | $CORZCALL | Core Scientific, Inc./tx | $20.5M | — | -75% | 14.1 |
| 53 |  $AVNS | AVANOS MEDICAL, INC. | $18.7M | 0.1% | NEW | 36.1 |
| 54 | — | ISHARES TR - MSCI UK ETF NEW | $18.5M | — | -20% | — |
| 55 | $CORZ | Core Scientific, Inc./tx | $13.7M | 0.1% | -98% | 14.1 |
| 56 | $HCAPUT | HCA Healthcare, Inc. | $13.6M | — | NEW | 68.9 |
| 57 |  $ORCL | ORACLE CORP | $13.2M | 0.1% | -42% | 66.2 |
| 58 | — | ISHARES INC - MSCI GERMANY ETF | $12.4M | — | +0% | — |
| 59 | $ECHOCALL | EchoStar CORP | $12.2M | — | +140% | 32.8 |
| 60 |  $SIND | Sinda Ltd. | $9.6M | 0.1% | NEW | — |
| 61 | $HUMPUT | HUMANA INC | $7.9M | — | NEW | 58.9 |
| 62 | $HUM | HUMANA INC | $7.5M | 0.1% | NEW | 58.9 |
| 63 | $UNH | UNITEDHEALTH GROUP INC | $7.4M | 0.1% | -97% | 62.7 |
| 64 |  $AES | AES CORP | $7.3M | 0.1% | +0% | 58.6 |
| 65 | $ORCLPUT | ORACLE CORP | $7.3M | — | -29% | 66.2 |
| 66 |  $TMCR | Metals Royalty Co Inc. | $6.6M | 0.1% | NEW | — |
| 67 | — | KRANESHARES TRUST - CSI CHI INTERNET | $6.1M | 0.1% | +0% | — |
| 68 |  $SSMR | Sunshine Silver Mining & Refining Co | $5.8M | 0.1% | NEW | — |
| 69 |  $WGS | GeneDx Holdings Corp. | $5.7M | 0.1% | NEW | 35.4 |
| 70 | $LBRDA | Liberty Broadband Corp | $5.7M | 0.1% | +0% | 53 |
| 71 |  $AMC | AMC ENTERTAINMENT HOLDINGS, INC. | $4.3M | 0.0% | -76% | 42.8 |
| 72 | — | ISHARES INC - MSCI AUST ETF | $4.2M | — | NEW | — |
| 73 | — | GLOBAL X FDS - GLOBAL X COPPER | $3.8M | — | +33% | — |
| 74 | — | VANECK ETF TRUST - GOLD MINERS ETF | $3.8M | — | +0% | — |
| 75 |  $FPS | Forgent Power Solutions, Inc. | $3.6M | 0.0% | -59% | — |
| 76 |  $DCH | Dauch Corp | $2.8M | 0.0% | +0% | 49.5 |
| 77 |  $SYNA | SYNAPTICS Inc | $2.5M | 0.0% | NEW | 36.6 |
| 78 |  $SPTX | Seaport Therapeutics, Inc. | $1.8M | 0.0% | NEW | — |
| 79 |  $CEG | Constellation Energy Corp | $1.7M | 0.0% | NEW | 59.4 |
| 80 |  $CXW | CoreCivic, Inc. | $1.5M | 0.0% | +0% | 57.1 |
| 81 |  $KRMN | Karman Holdings Inc. | $1.2M | 0.0% | NEW | 57.2 |
| 82 |  $MDLN | Medline Inc. | $1.2M | 0.0% | -40% | 62.5 |
| 83 | $WBDCALL | Warner Bros. Discovery, Inc. | $1.1M | — | NEW | 41.4 |
| 84 |  $CBRS | Cerebras Systems Inc. | $1.1M | 0.0% | NEW | — |
| 85 |  $NYXH | Nyxoah SA | $1.0M | 0.0% | NEW | — |
| 86 |  $EROC | ERock, Inc. | $870,000 | 0.0% | NEW | — |
| 87 | $MDLNCALL | Medline Inc. | $788,800 | — | NEW | 62.5 |
| 88 | $MDLNPUT | Medline Inc. | $591,600 | — | NEW | 62.5 |
| 89 |  $TMHC | Taylor Morrison Home Corp | $358,700 | 0.0% | NEW | 51.8 |
| 90 |  $AAUC | Allied Gold Corp | $237,257 | 0.0% | NEW | — |
New Positions (40)
$ROKU ROKU, INC$597.5M$OGN Organon & Co.$245.1M$D DOMINION ENERGY, INC$239.0M$APGE Apogee Therapeutics, Inc.$189.1M$NUVL Nuvalent, Inc.$145.1M$GSAT Globalstar, Inc.$110.1M$SPCXPUT SPACE EXPLORATION TECHNOLOGIES CORP$109.4M$ACA Arcosa, Inc.$95.9M$MUCALL MICRON TECHNOLOGY INC$85.4M$PAYO Payoneer Global Inc.$70.4M$MUPUT MICRON TECHNOLOGY INC$68.1M$SKYT SkyWater Technology, LLC$62.9M$HUMCALL HUMANA INC$39.7M$SPCX SPACE EXPLORATION TECHNOLOGIES CORP$39.3M$TECH BIO-TECHNE Corp$35.3MExited Positions (42)
$MASI MASIMO CORP
$HOLX HOLOGIC INC
$ACLX Arcellx, Inc.
$CNTA Centessa Pharmaceuticals plc
$NFLXPUT NETFLIX INC$NFLX NETFLIX INC
$CWAN Clearwater Analytics Holdings, Inc.
$APLS Apellis Pharmaceuticals, Inc.
$FOLD AMICUS THERAPEUTICS, INC.
$AL AIR LEASE CORP
$WBS WEBSTER FINANCIAL CORP$NFLXCALL NETFLIX INC$CARCALL AVIS BUDGET GROUP, INC.$KVUECALL Kenvue Inc.
$UALPUT United Airlines Holdings, Inc.Browse Top Institutional Investors
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