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Pentwater Capital Management Portfolio holdings

AUM $16.4B
1-Year Est. Return 55.44%
This Fund
S&P 500
This Quarter Est. Return
+5.58%
1 Year Est. Return
+55.44%
3 Year Est. Return
+212.86%
5 Year Est. Return
+622.31%
10 Year Est. Return
+4,977.78%
AUM
$19.3B
AUM Growth
+$262M
Cap. Flow
-$45.7M
Cap. Flow %
-0.24%
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
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 Miscellaneous 29.21%
2 Communication Services 24.61%
3 Industrials 19.35%
4 Healthcare 12.25%
5 Consumer Staples 4.65%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GEO icon
26
The GEO Group
GEO
$4.29B
$161M 0.83%
9,565,000
+3,717,300
+64% +$59M
CCL icon
27
Carnival Corporation Ltd
CCL
$34.2B
$157M 0.81%
6,060,000
+1,685,000
+39% +$49.1M
AL
28
DELISTED
Air Lease Corp
AL
$156M 0.81%
2,396,825
+156,825
+7% +$10.1M
SGRY icon
29
Surgery Partners
SGRY
$1.82B
$151M 0.78%
12,655,000
+2,655,000
+27% +$38.1M
UNH icon
30
UnitedHealth
UNH
$355B
$139M 0.72%
512,000
+117,000
+30% +$34.8M
WBD icon
31
PUT
Warner Bros
WBD
$72.4B
$134M 0.69%
4,871,900
+1,351,900
+38% +$37.8M
WBS
32
DELISTED
Webster Financial
WBS
$130M 0.67%
+1,866,090
New +$128M
LBRDK
33
DELISTED
Liberty Broadband Class C
LBRDK
$125M 0.65%
2,493,644
– –
NFLX icon
34
CALL
Netflix
NFLX
$332B
$123M 0.64%
1,280,000
+1,155,000
+924% +$102M
CAR icon
35
CALL
Avis
CAR
$4.93B
$113M 0.59%
775,800
+705,800
+1,008% +$80.5M
SLAB icon
36
Silicon Laboratories
SLAB
$7.31B
$104M 0.54%
+500,000
New +$91.7M
QQQ icon
37
PUT
Invesco QQQ Trust
QQQ
$493B
$98.1M 0.51%
+170,000
New +$103M
CORZ icon
38
PUT
Core Scientific
CORZ
$5.66B
$86.8M 0.45%
5,800,000
+4,400,000
+314% +$75M
CCL icon
39
PUT
Carnival Corporation Ltd
CCL
$34.2B
$82.2M 0.43%
3,175,000
+525,000
+20% +$15.3M
CZR icon
40
Caesars Entertainment
CZR
$6.04B
$70M 0.36%
+2,650,000
New +$63M
KVUE icon
41
CALL
Kenvue
KVUE
$36.9B
$53.4M 0.28%
3,100,000
-1,000,000
-24% -$17.8M
UAL icon
42
PUT
United Airlines
UAL
$36.5B
$48.8M 0.25%
+530,000
New +$55.5M
CORZ icon
43
CALL
Core Scientific
CORZ
$5.66B
$47.9M 0.25%
3,200,000
+875,000
+38% +$14.9M
UAL icon
44
United Airlines
UAL
$36.5B
$46M 0.24%
+500,000
New +$52.4M
OS
45
DELISTED
OneStream Inc
OS
$45.4M 0.24%
+1,890,000
New +$44.3M
PSKY
46
Paramount Skydance Corp
PSKY
$12.1B
$37M 0.19%
4,100,000
+649,500
+19% +$7.1M
HCA icon
47
HCA Healthcare
HCA
$90.8B
$35.5M 0.18%
+75,000
New +$37.8M
QQQ icon
48
Invesco QQQ Trust
QQQ
$493B
$34.6M 0.18%
+60,000
New +$36.5M
PSKY
49
PUT
Paramount Skydance Corp
PSKY
$12.1B
$33.4M 0.17%
3,700,000
– –
NSC icon
50
PUT
Norfolk Southern
NSC
$78.1B
$29.6M 0.15%
+103,300
New +$30.7M
1
2
3 4 5

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PAM
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BBVA
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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 Miscellaneous at 29% of assets, up from 27% a quarter earlier, followed by Communication Services and Industrials.

  • 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.