Pentwater Capital Management’s Paragon 28, Inc. FNA Stock Holding History

Pentwater Capital Management’s Portfolio FNA Stock Details FNA Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q2	–	Sell	-900,000	Closed	-$11.8M	–	132
2025 Q1	$11.8M	Buy	+900,000	New	+$11.2M	0.1%	61
2023 Q3	–	Sell	-30,226	Closed	-$536K	–	143
2023 Q2	$536K	Sell	30,226 -4,774	-14%	-$85.8K	﹤0.01%	116
2023 Q1	$597K	Buy	+35,000	New	+$624K	0.01%	126
2022 Q2	–	Sell	-35,390	Closed	-$592K	–	217
2022 Q1	$592K	Sell	35,390 -24,610	-41%	-$396K	0.01%	146
2021 Q4	$1.06M	Buy	+60,000	New	+$1.16M	0.01%	166

Other funds holding FNA

Osaic Holdings Scottsdale, Arizona $85.1B AUM 27.35% 1-Year Est. Return

IFP Advisors Tampa, Florida $5.54B AUM 27.43% 1-Year Est. Return

Pentwater Capital Management's FNA Position: Q2 2025 in Review

Pentwater Capital Management sold out of Paragon 28, Inc. (FNA) in Q2 2025, closing a stake of 900,000 shares — an estimated $11.8M sold.

Pentwater Capital Management first reported a position in FNA in Q4 2021 and held it in 5 quarters. The position peaked at $11.8M in Q1 2025. 2 funds tracked by Wall St. Rank hold FNA as of Q2 2025.

Pentwater Capital Management reported no remaining Paragon 28, Inc. position as of Q2 2025 after selling out during the quarter.
Pentwater Capital Management sold 900,000 Paragon 28, Inc. shares in Q2 2025, an estimated $11.8M.
Pentwater Capital Management first reported a position in Paragon 28, Inc. in Q4 2021 and held it in 5 quarters.
Pentwater Capital Management's Paragon 28, Inc. position peaked at $11.8M in Q1 2025.
2 funds tracked by Wall St. Rank held Paragon 28, Inc. as of Q2 2025.

Based on Pentwater Capital Management's 13F filing for Q2 2025, filed 14 Aug 2025.