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Pentwater Capital Management Portfolio holdings

AUM $19.3B
1-Year Est. Return 58.13%
This Fund
S&P 500
This Quarter Est. Return
+5.58%
1 Year Est. Return
+58.13%
3 Year Est. Return
+179.76%
5 Year Est. Return
+629.27%
10 Year Est. Return
+5,046.05%
AUM
$19.3B
AUM Growth
+$262M
Cap. Flow
+$335M
Cap. Flow %
1.74%
Top 10 Hldgs %
65.03%
Holding
122
New
45
Increased
32
Reduced
8
Closed
30

Top Buys

Rank Stock Value
1
MASI
Masimo
MASI
+$498M
2
CAR icon
Avis
CAR
+$450M
3
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$388M
4
EA icon
Electronic Arts
EA
+$375M
5
ACLX
Arcellx
ACLX
+$253M

Top Sells

Rank Stock Value
1
CYBR
CyberArk
CYBR
+$1.53B
2
EXAS
Exact Sciences
EXAS
+$736M
3
DAY
Dayforce
DAY
+$657M
4
RNAM
Avidity Biosciences
RNAM
+$435M
5
CADE
Cadence Bank
CADE
+$267M

Sector Composition

Rank Sector Weight
1 Communication Services 24.61%
2 Industrials 19.35%
3 Healthcare 12.25%
4 Consumer Staples 4.65%
5 Technology 4.23%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EA icon
1
Electronic Arts
EA
$52.4B
$2.61B 13.54%
12,807,500
+1,857,500
+17% +$375M
SPY icon
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$783B
$1.96B 10.14%
3,007,500
+722,500
+32% +$491M
BA icon
3
Boeing
BA
$166B
$1.41B 7.3%
7,069,500
+459,500
+7% +$105M
WBD icon
4
Warner Bros
WBD
$65.8B
$1.38B 7.15%
50,245,000
+4,170,000
+9% +$117M
CAR icon
5
Avis
CAR
$5.67B
$1.03B 5.33%
7,048,300
+3,946,900
+127% +$450M
BA icon
6
PUT
Boeing
BA
$166B
$1B 5.21%
5,045,000
-440,000
-8% -$100M
NSC icon
7
Norfolk Southern
NSC
$75.7B
$924M 4.79%
3,220,000
+201,000
+7% +$59.7M
KVUE icon
8
Kenvue
KVUE
$36.5B
$896M 4.65%
52,000,000
-4,720,600
-8% -$84.1M
UNH icon
9
CALL
UnitedHealth
UNH
$384B
$768M 3.99%
2,840,000
+5,000
+0.2% +$1.49M
MASI
10
DELISTED
Masimo
MASI
$565M 2.93%
+3,176,000
New +$498M
SPY icon
11
State Street SPDR S&P 500 ETF Trust
SPY
$783B
$377M 1.96%
580,000
+570,000
+5,700% +$388M
CORZ icon
12
Core Scientific
CORZ
$7.08B
$372M 1.93%
24,852,000
-763,000
-3% -$13M
TECK icon
13
Teck Resources
TECK
$26.8B
$360M 1.87%
6,960,000
+460,000
+7% +$24.6M
HOLX
14
DELISTED
Hologic
HOLX
$340M 1.76%
4,500,224
+252,724
+6% +$19M
ACLX
15
DELISTED
Arcellx
ACLX
$330M 1.71%
+2,870,000
New +$253M
CNTA
16
DELISTED
Centessa Pharmaceuticals
CNTA
$325M 1.68%
+8,170,000
New +$209M
NFLX icon
17
PUT
Netflix
NFLX
$285B
$323M 1.68%
3,360,000
+3,000,000
+833% +$264M
NFLX icon
18
Netflix
NFLX
$285B
$297M 1.54%
3,088,000
+2,768,000
+865% +$244M
ECHO
19
EchoStar
ECHO
$26.2B
$276M 1.43%
2,360,000
+1,648,300
+232% +$189M
CWAN
20
DELISTED
Clearwater Analytics
CWAN
$269M 1.4%
11,385,000
+8,785,000
+338% +$208M
APLS
21
DELISTED
Apellis Pharmaceuticals
APLS
$211M 1.1%
+5,250,000
New +$113M
FOLD
22
DELISTED
Amicus Therapeutics
FOLD
$202M 1.05%
14,000,000
+2,500,000
+22% +$35.8M
DBRG icon
23
DigitalBridge
DBRG
$2.92B
$181M 0.94%
11,750,000
+250,000
+2% +$3.85M
UNH icon
24
PUT
UnitedHealth
UNH
$384B
$175M 0.91%
+645,000
New +$192M
TXNM
25
TXNM Energy Inc
TXNM
$6.39B
$164M 0.85%
2,800,000
+1,149,000
+70% +$67.7M
1
2 3 4 5

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Pentwater Capital Management's Q1 2026 Portfolio in Review

As of Q1 2026, Pentwater Capital Management held 122 positions worth $19.3B, up 1.4% from $19B the previous quarter. Its ten largest holdings account for 65% of the portfolio.

Pentwater Capital Management's Q1 2026 filing shows 45 new, 32 increased, 8 reduced and 30 closed positions. Its largest new stake was Masimo: 3,176,000 shares worth $565M. The largest sale was CyberArk, an estimated $1.53B.

By sector, the portfolio is most concentrated in Communication Services at 25% of assets, up from 20% a quarter earlier, followed by Industrials and Healthcare.

  • Pentwater Capital Management's largest Q1 2026 buy was Masimo: 3,176,000 shares worth $565M.
  • Pentwater Capital Management added most to Avis in Q1 2026, an estimated $450M increase.
  • Pentwater Capital Management's biggest Q1 2026 reduction was Kenvue, cutting an estimated $84.1M.
  • Pentwater Capital Management fully exited CyberArk in Q1 2026, selling an estimated $1.53B.
  • Pentwater Capital Management's ten largest holdings make up 65% of its $19.3B portfolio in Q1 2026.
  • Pentwater Capital Management opened 45 new positions and closed 30 in Q1 2026.
  • Pentwater Capital Management's portfolio value rose 1.4% quarter-over-quarter to $19.3B.

Based on Pentwater Capital Management's 13F filing for Q1 2026, filed 15 May 2026.