Pentwater Capital Management’s Kellanova K Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-10,000,000	Closed	-$820M	–	99
2025 Q3	$820M	Buy	10,000,000 +1,090,000	+12%	+$86.7M	4.59%	7
2025 Q2	$709M	Buy	8,910,000 +910,000	+11%	+$74.4M	4.6%	4
2025 Q1	$660M	Buy	8,000,000 +2,245,000	+39%	+$184M	5.54%	5
2024 Q4	$466M	Buy	5,755,000 +450,700	+8%	+$36.4M	5.14%	8
2024 Q3	$428M	Buy	+5,304,300	New	+$378M	4.41%	6

Other funds holding K

DekaBank Deutsche Girozentrale Frankfurt, Germany $60.6B AUM 23.27% 1-Year Est. Return

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

BPMC

Buckland Partners Management Co Harrison, New York $165M AUM

TIM

Tevis Investment Management Plano, Texas $176M AUM 18.14% 1-Year Est. Return

FAMI

Fideuram Asset Management (Ireland) Dublin 1 $5.26B AUM

HNB

Huntington National Bank Columbus, Ohio $18.1B AUM 24.69% 1-Year Est. Return

Pentwater Capital Management's K Position: Q4 2025 in Review

Pentwater Capital Management sold out of Kellanova (K) in Q4 2025, closing a stake of 10,000,000 shares — an estimated $820M sold.

Pentwater Capital Management first reported a position in K in Q3 2024 and held it in 5 quarters. The position peaked at $820M in Q3 2025. 6 funds tracked by Wall St. Rank hold K as of Q4 2025.

Pentwater Capital Management reported no remaining Kellanova position as of Q4 2025 after selling out during the quarter.
Pentwater Capital Management sold 10,000,000 Kellanova shares in Q4 2025, an estimated $820M.
Pentwater Capital Management first reported a position in Kellanova in Q3 2024 and held it in 5 quarters.
Pentwater Capital Management's Kellanova position peaked at $820M in Q3 2025.
6 funds tracked by Wall St. Rank held Kellanova as of Q4 2025.

Based on Pentwater Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.