Pentwater Capital Management LP
13F Reported Value
ⓘ$19.3B
incl. option notional
Equity Holdings
ⓘ$14.1B
Option Notional
ⓘ$5.2B
$4.1B puts / $1.1B calls
Holdings
92
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
Pentwater Capital Management LP disclosed 92 positions worth $19.3B in its Form 13F-HR for Q1 2026 — $14.1B in common stock plus $5.2B of put/call option positions (reported at underlying notional value, not premium at risk), led by $EA (ELECTRONIC ARTS INC.) at 18.6% of the equity portfolio, followed by $SPY and $BA. During the quarter the fund opened 44 new positions and exited 29 — including a new stake in $MASI and a full exit from $CYBR. The portfolio is most concentrated in Technology (21.8% 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
DiversifyingSector 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 — Q1 2026
Click any card to unlockTop Holdings
- 71.1#276
Quality
$2.6B12,807,500 sh - —
Quality
$2.0B3,007,500 sh - 51.8#1,376
Quality
$1.4B7,069,500 sh - 42.1
Quality
$1.4B50,245,000 sh - 49.2
Quality
$1.0B7,048,300 sh - 51.8
Quality
$1.0B5,045,000 sh - 70.8
Quality
$924.1M3,220,000 sh - 60.2
Quality
$896.5M52,000,000 sh - 66.8
Quality
$768.5M2,840,000 sh - 47.1
Quality
$564.9M3,176,000 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 ELECTRONIC ARTS INC.$EA | 71.1#276 | $2.6B | 12,807,500 |
 SPDR S&P 500 ETF TRUST$SPYPUT | — | $2.0B | 3,007,500 |
 BOEING CO$BA | 51.8#1,376 | $1.4B | 7,069,500 |
 Warner Bros. Discovery, Inc.$WBD | 42.1 | $1.4B | 50,245,000 |
 AVIS BUDGET GROUP, INC.$CAR | 49.2 | $1.0B | 7,048,300 |
| BOEING CO$BAPUT | 51.8 | $1.0B | 5,045,000 |
 NORFOLK SOUTHERN CORP$NSC | 70.8 | $924.1M | 3,220,000 |
 Kenvue Inc.$KVUE | 60.2 | $896.5M | 52,000,000 |
 UNITEDHEALTH GROUP INC$UNHCALL | 66.8 | $768.5M | 2,840,000 |
 MASIMO CORP$MASI | 47.1 | $564.9M | 3,176,000 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of Pentwater Capital Management LP's 92 positions.
Showing top 10 of 92 holdings.
Sector Allocation
Technology
$3.1B
Industrials
$2.9B
Healthcare
$2.4B
Communication Services
$2.1B
Consumer Discretionary
$1.1B
Consumer Staples
$896.5M
Financials
$709.0M
Other
$419.7M
Full Holdings — Pentwater Capital Management LP (Q1 2026)
All 92 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. | $2.6B | 18.6% | +17% | 71.1 |
| 2 | $SPYPUT | SPDR S&P 500 ETF TRUST | $2.0B | — | +32% | — |
| 3 | $BA | BOEING CO | $1.4B | 10.0% | +7% | 51.8 |
| 4 | $WBD | Warner Bros. Discovery, Inc. | $1.4B | 9.8% | +9% | 42.1 |
| 5 | $CAR | AVIS BUDGET GROUP, INC. | $1.0B | 7.3% | +127% | 49.2 |
| 6 | $BAPUT | BOEING CO | $1.0B | — | -8% | 51.8 |
| 7 | $NSC | NORFOLK SOUTHERN CORP | $924.1M | 6.6% | +7% | 70.8 |
| 8 | $KVUE | Kenvue Inc. | $896.5M | 6.4% | -8% | 60.2 |
| 9 | $UNHCALL | UNITEDHEALTH GROUP INC | $768.5M | — | +0% | 66.8 |
| 10 | $MASI | MASIMO CORP | $564.9M | 4.0% | NEW | 47.1 |
| 11 | $SPY | SPDR S&P 500 ETF TRUST | $377.2M | 2.7% | +5700% | — |
| 12 |  $CORZ | Core Scientific, Inc./tx | $371.8M | 2.6% | -3% | 14 |
| 13 |  $TECK | TECK RESOURCES LTD | $360.2M | 2.6% | +7% | — |
| 14 |  $HOLX | HOLOGIC INC | $340.2M | 2.4% | +6% | 62.3 |
| 15 |  $ACLX | Arcellx, Inc. | $329.5M | 2.3% | NEW | 6.7 |
| 16 |  $CNTA | Centessa Pharmaceuticals plc | $324.5M | 2.3% | NEW | — |
| 17 |  $NFLXPUT | NETFLIX INC | $323.1M | — | +833% | 86.7 |
| 18 | $NFLX | NETFLIX INC | $296.9M | 2.1% | +865% | 86.7 |
| 19 |  $ECHO | EchoStar CORP | $276.3M | 2.0% | +232% | 29.5 |
| 20 |  $CWAN | Clearwater Analytics Holdings, Inc. | $269.3M | 1.9% | +338% | 50.2 |
| 21 |  $APLS | Apellis Pharmaceuticals, Inc. | $211.2M | 1.5% | NEW | 63.9 |
| 22 |  $FOLD | AMICUS THERAPEUTICS, INC. | $202.4M | 1.4% | +22% | 44.2 |
| 23 |  $DBRG | DigitalBridge Group, Inc. | $181.2M | 1.3% | +2% | 52.9 |
| 24 | $UNHPUT | UNITEDHEALTH GROUP INC | $174.5M | — | NEW | 66.8 |
| 25 |  $TXNM | TXNM ENERGY INC | $163.7M | 1.2% | +70% | 57.8 |
| 26 |  $GEO | GEO GROUP INC | $160.8M | 1.1% | +64% | 63 |
| 27 |  $CCL | Carnival Corp Ltd. | $156.8M | 1.1% | +39% | — |
| 28 |  $AL | AIR LEASE CORP | $155.6M | 1.1% | +7% | 73.8 |
| 29 |  $SGRY | Surgery Partners, Inc. | $150.8M | 1.1% | +27% | 48 |
| 30 | $UNH | UNITEDHEALTH GROUP INC | $138.5M | 1.0% | +30% | 66.8 |
| 31 | $WBDPUT | Warner Bros. Discovery, Inc. | $133.8M | — | +38% | 42.1 |
| 32 |  $WBS | WEBSTER FINANCIAL CORP | $129.5M | 0.9% | NEW | 60.2 |
| 33 |  $LBRDA | Liberty Broadband Corp | $125.4M | 0.9% | +0% | 59.4 |
| 34 | $NFLXCALL | NETFLIX INC | $123.1M | — | +924% | 86.7 |
| 35 | $CARCALL | AVIS BUDGET GROUP, INC. | $113.2M | — | +1008% | 49.2 |
| 36 |  $SLAB | SILICON LABORATORIES INC. | $104.1M | 0.7% | NEW | 36.6 |
| 37 |  $QQQPUT | INVESCO QQQ TRUST, SERIES 1 | $98.1M | — | NEW | — |
| 38 | $CORZPUT | Core Scientific, Inc./tx | $86.8M | — | +314% | 14 |
| 39 | $CCLPUT | Carnival Corp Ltd. | $82.2M | — | +20% | — |
| 40 |  $CZR | Caesars Entertainment, Inc. | $70.0M | 0.5% | NEW | 44.3 |
| 41 | $KVUECALL | Kenvue Inc. | $53.4M | — | -24% | 60.2 |
| 42 |  $UALPUT | United Airlines Holdings, Inc. | $48.8M | — | NEW | 61.3 |
| 43 | $CORZCALL | Core Scientific, Inc./tx | $47.9M | — | +38% | 14 |
| 44 | $UAL | United Airlines Holdings, Inc. | $46.0M | 0.3% | NEW | 61.3 |
| 45 |  $OS | OneStream, Inc. | $45.4M | 0.3% | NEW | 41 |
| 46 |  $PSKY | Paramount Skydance Corp | $37.0M | 0.3% | +19% | 62.5 |
| 47 |  $HCA | HCA Healthcare, Inc. | $35.5M | 0.3% | NEW | 70.5 |
| 48 | $QQQ | INVESCO QQQ TRUST, SERIES 1 | $34.6M | 0.3% | NEW | — |
| 49 | $PSKYPUT | Paramount Skydance Corp | $33.4M | — | +0% | 62.5 |
| 50 | $NSCPUT | NORFOLK SOUTHERN CORP | $29.6M | — | NEW | 70.8 |
| 51 | $KVUEPUT | Kenvue Inc. | $25.9M | — | -80% | 60.2 |
| 52 |  $PNFP | Pinnacle Financial Partners, Inc. | $25.8M | 0.2% | +0% | — |
| 53 |  $THC | TENET HEALTHCARE CORP | $23.6M | 0.2% | NEW | 66.6 |
| 54 |  $ORCL | ORACLE CORP | $22.8M | 0.2% | NEW | 67.2 |
| 55 | — | ISHARES TR | $22.8M | — | NEW | — |
| 56 |  $DAWN | Day One Biopharmaceuticals, Inc. | $17.2M | 0.1% | NEW | 42.6 |
| 57 | $ECHOPUT | EchoStar CORP | $14.0M | — | +20% | 29.5 |
| 58 | $CCLCALL | Carnival Corp Ltd. | $12.9M | — | NEW | — |
| 59 | — | ISHARES INC | $11.9M | — | NEW | — |
| 60 |  $GPCR | Structure Therapeutics Inc. | $11.8M | 0.1% | NEW | — |
| 61 |  $CHTRPUT | CHARTER COMMUNICATIONS, INC. /MO/ | $10.8M | — | +0% | 57.7 |
| 62 | $ORCLPUT | ORACLE CORP | $10.3M | — | NEW | 67.2 |
| 63 | $BACALL | BOEING CO | $10.0M | — | NEW | 51.8 |
| 64 |  $AMC | AMC ENTERTAINMENT HOLDINGS, INC. | $9.2M | 0.1% | NEW | 32.4 |
| 65 | $LBRDA | Liberty Broadband Corp | $8.5M | 0.1% | +0% | 59.4 |
| 66 |  $RNA | Avidity Biosciences, Inc. | $8.1M | 0.1% | -90% | 22.3 |
| 67 | — | KRANESHARES TRUST | $7.1M | 0.1% | NEW | — |
| 68 |  $AES | AES CORP | $7.0M | 0.1% | NEW | 50.9 |
| 69 | $ECHOCALL | EchoStar CORP | $5.9M | — | NEW | 29.5 |
| 70 |  $FPS | Forgent Power Solutions, Inc. | $4.7M | 0.0% | NEW | — |
| 71 | — | VANECK ETF TRUST | $4.6M | — | NEW | — |
| 72 |  $UPS | UNITED PARCEL SERVICE INC | $4.4M | 0.0% | NEW | 58.2 |
| 73 | $SPYCALL | SPDR S&P 500 ETF TRUST | $3.3M | — | NEW | — |
| 74 |  $DCH | Dauch Corp | $3.1M | 0.0% | NEW | 49.4 |
| 75 | — | GLOBAL X FDS | $2.9M | — | NEW | — |
| 76 |  $MDLN | Medline Inc. | $2.2M | 0.0% | NEW | — |
| 77 |  $CTLP | CANTALOUPE, INC. | $2.2M | 0.0% | NEW | 67 |
| 78 |  $PRTC | PureTech Health plc | $1.0M | 0.0% | +0% | — |
| 79 |  $CXW | CoreCivic, Inc. | $945,500 | 0.0% | NEW | 59 |
| 80 |  $BATRA | Atlanta Braves Holdings, Inc. | $854,000 | 0.0% | -78% | 30.8 |
| 81 | $GEOCALL | GEO GROUP INC | $840,500 | — | NEW | 63 |
| 82 | — | ENTREPRENEURSHARES SERIES TR | $776,940 | 0.0% | NEW | — |
| 83 |  $CRWV | CoreWeave, Inc. | $735,965 | 0.0% | -92% | 46.5 |
| 84 |  $FRMI | Fermi Inc. | $730,000 | 0.0% | +67% | — |
| 85 |  $RDDT | Reddit, Inc. | $673,250 | 0.0% | NEW | 79.3 |
| 86 |  $WYFICALL | WhiteFiber, Inc. | $416,850 | — | +250% | 43.5 |
| 87 | $CRWVPUT | CoreWeave, Inc. | $387,350 | — | -97% | 46.5 |
| 88 |  $GLXY | Galaxy Digital Inc. | $369,000 | 0.0% | NEW | 40.8 |
| 89 |  $KTOS | KRATOS DEFENSE & SECURITY SOLUTIONS, INC. | $352,550 | 0.0% | NEW | 48 |
| 90 | $FRMICALL | Fermi Inc. | $292,000 | — | NEW | — |
| 91 |  $CIFR | Cipher Digital Inc. | $193,050 | 0.0% | NEW | 30.1 |
| 92 | $WYFI | WhiteFiber, Inc. | $119,100 | 0.0% | +0% | 43.5 |
New Positions (44)
$MASI MASIMO CORP$564.9M$ACLX Arcellx, Inc.$329.5M$CNTA Centessa Pharmaceuticals plc$324.5M$APLS Apellis Pharmaceuticals, Inc.$211.2M$UNHPUT UNITEDHEALTH GROUP INC$174.5M$WBS WEBSTER FINANCIAL CORP$129.5M$SLAB SILICON LABORATORIES INC.$104.1M$QQQPUT INVESCO QQQ TRUST, SERIES 1$98.1M$CZR Caesars Entertainment, Inc.$70.0M$UALPUT United Airlines Holdings, Inc.$48.8M$UAL United Airlines Holdings, Inc.$46.0M$OS OneStream, Inc.$45.4M$HCA HCA Healthcare, Inc.$35.5M$QQQ INVESCO QQQ TRUST, SERIES 1$34.6M$NSCPUT NORFOLK SOUTHERN CORP$29.6MExited Positions (29)
$CYBR CyberArk Software Ltd.
$EXK ENDEAVOUR SILVER CORP
$KMBCALL KIMBERLY CLARK CORP$CARPUT AVIS BUDGET GROUP, INC.
$SNPSPUT SYNOPSYS INC
$PANWCALL Palo Alto Networks Inc$WBDCALL Warner Bros. Discovery, Inc.$PANWPUT Palo Alto Networks Inc
$HI Hillenbrand, Inc.$SNPSCALL SYNOPSYS INC
$AVDL AVADEL PHARMACEUTICALS PLCBrowse Top Institutional Investors
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