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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
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
KVUE icon
51
PUT
Kenvue
KVUE
$36.9B
$25.9M 0.13%
1,500,000
-6,150,000
-80% -$110M
PNFP icon
52
Pinnacle Financial Partners Inc
PNFP
$15.8B
$25.8M 0.13%
300,000
– –
THC icon
53
Tenet Healthcare
THC
$21.1B
$23.6M 0.12%
+125,000
New +$26.3M
ORCL icon
54
Oracle
ORCL
$423B
$22.8M 0.12%
+155,000
New +$25.2M
EWU icon
55
PUT
iShares MSCI United Kingdom ETF
EWU
$4.16B
$22.8M 0.12%
+500,000
New +$23M
DAWN
56
DELISTED
Day One Biopharmaceuticals
DAWN
$17.2M 0.09%
+800,000
New +$11.3M
ECHO
57
PUT
EchoStar
ECHO
$26.2B
$14M 0.07%
120,000
+20,000
+20% +$2.3M
CCL icon
58
CALL
Carnival Corporation Ltd
CCL
$39.7B
$12.9M 0.07%
+500,000
New +$14.6M
EWG icon
59
PUT
iShares MSCI Germany ETF
EWG
$1.62B
$11.9M 0.06%
+300,000
New +$12.7M
GPCR icon
60
Structure Therapeutics
GPCR
$3.78B
$11.8M 0.06%
+245,000
New +$16.8M
CHTR icon
61
PUT
Charter Communications
CHTR
$18.2B
$10.8M 0.06%
50,000
– –
ORCL icon
62
PUT
Oracle
ORCL
$423B
$10.3M 0.05%
+70,000
New +$11.4M
BA icon
63
CALL
Boeing
BA
$185B
$9.95M 0.05%
+50,000
New +$11.4M
AMC icon
64
AMC Entertainment Holdings
AMC
$2.31B
$9.18M 0.05%
+9,370,686
New +$12.1M
LBRDA icon
65
Liberty Broadband Class A
LBRDA
$5.16B
$8.54M 0.04%
170,000
– –
RNA
66
Atrium Therapeutics
RNA
$211M
$8.06M 0.04%
+602,649
New +$8.47M
KWEB icon
67
KraneShares CSI China Internet ETF
KWEB
$5.67B
$7.11M 0.04%
+250,000
New +$8.19M
AES icon
68
AES
AES
$10.5B
$7.04M 0.04%
+500,000
New +$7.44M
ECHO
69
CALL
EchoStar
ECHO
$26.2B
$5.85M 0.03%
+50,000
New +$5.74M
FPS
70
Forgent Power Solutions
FPS
$10.1B
$4.68M 0.02%
+160,000
New +$5.32M
GDX icon
71
PUT
VanEck Gold Miners ETF
GDX
$27.4B
$4.59M 0.02%
+50,000
New +$4.93M
UPS icon
72
United Parcel Service
UPS
$88.9B
$4.43M 0.02%
+45,000
New +$4.83M
SPY icon
73
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$823B
$3.25M 0.02%
+5,000
New +$3.4M
DCH
74
Dauch Corp
DCH
$1.51B
$3.08M 0.02%
+519,790
New +$3.61M
COPX icon
75
PUT
Global X Copper Miners ETF NEW
COPX
$8.16B
$2.86M 0.01%
+37,500
New +$3.11M
1 2
3
4 5

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LF
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MIM
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BPA
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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.