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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
+15.2%
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
$17.9B
AUM Growth
+$2.46B
(+16%)
Cap. Flow
+$1.22B
Cap. Flow
% of AUM
6.8%
Top 10 Holdings %
Top 10 Hldgs %
58.11%
Holding
151
New
55
Increased
25
Reduced
20
Closed
41
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CYBR
CyberArk
CYBR
|
+$1.57B |
| 2 |
EA
Electronic Arts
EA
|
+$794M |
| 3 |
Norfolk Southern
NSC
|
+$764M |
| 4 |
VRNA
Verona Pharma
VRNA
|
+$553M |
| 5 |
Kenvue
KVUE
|
+$413M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HES
Hess
HES
|
+$1.01B |
| 2 |
JNPR
Juniper Networks
JNPR
|
+$569M |
| 3 |
BPMC
Blueprint Medicines
BPMC
|
+$500M |
| 4 |
SKX
Skechers
SKX
|
+$442M |
| 5 |
ANSS
Ansys
ANSS
|
+$286M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.68% |
| 2 | Industrials | 13.89% |
| 3 | Communication Services | 11.39% |
| 4 | Healthcare | 7.63% |
| 5 | Consumer Staples | 6.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
GeneDx Holdings
WGS
$2.3B
| $45.8M | 0.26% |
425,000
-795,000
| -65% | -$86.6M |
|
52
CALL
Synopsys
SNPS
$79.7B
| $44.4M | 0.25% |
90,000
-70,000
| -44% | -$39.6M |
|
|
FYBR
53
DELISTED
Frontier Communications
FYBR
| $43M | 0.24% |
1,152,000
-2,818,000
| -71% | -$104M |
|
54
CALL
Rocket Companies
RKT
$38.9B
| $42.6M | 0.24% |
+2,200,000
| New | +$38.4M |
|
55
Pinnacle Financial Partners Inc
PNFP
$15.8B
| $42.5M | 0.24% |
+453,550
| New | +$45.3M |
|
|
56
CALL
Kenvue
KVUE
$36.9B
| $40.6M | 0.23% |
+2,500,000
| New | +$51M |
|
|
VBTX
57
DELISTED
Veritex Holdings
VBTX
| $39.2M | 0.22% |
+1,170,000
| New | +$37.7M |
|
|
58
PUT
GeneDx Holdings
WGS
$2.3B
| $36.6M | 0.2% |
340,000
-690,000
| -67% | -$75.2M |
|
59
CALL
Warner Bros
WBD
$67.1B
| $36.1M | 0.2% |
+1,850,000
| New | +$25.2M |
|
60
PUT
UnitedHealth
UNH
$370B
| $34.5M | 0.19% |
100,000
-865,000
| -90% | -$262M |
|
61
CALL
Core Scientific
CORZ
$6.75B
| $32.3M | 0.18% |
+1,800,000
| New | +$26.4M |
|
|
ECHO
62
PUT
EchoStar
ECHO
$26.2B
| $28.6M | 0.16% |
+375,000
| New | +$17M |
|
63
Tenet Healthcare
THC
$21.1B
| $22.3M | 0.12% |
+110,000
| New | +$19.5M |
|
64
PUT
The GEO Group
GEO
$4.04B
| $18.4M | 0.1% |
900,000
-350,000
| -28% | -$7.99M |
|
|
PINC
65
DELISTED
Premier
PINC
| $16.6M | 0.09% |
+598,300
| New | +$14.4M |
|
66
Cytokinetics
CYTK
$10.4B
| $16.5M | 0.09% |
300,000
| – | – |
|
67
PUT
Live Nation Entertainment
LYV
$42.1B
| $16.3M | 0.09% |
+100,000
| New | +$15.8M |
|
|
PSKY
68
Paramount Skydance Corp
PSKY
$10.3B
| $16.2M | 0.09% |
+855,020
| New | +$13.5M |
|
69
Ivanhoe Electric
IE
$1.74B
| $15.7M | 0.09% |
1,250,000
-1,345,000
| -52% | -$13.3M |
|
70
PUT
Steel Dynamics
STLD
$37.6B
| $13.9M | 0.08% |
100,000
+50,000
| +100% | +$6.56M |
|
|
PGRE
71
DELISTED
Paramount Group
PGRE
| $13.1M | 0.07% |
+2,001,400
| New | +$13.3M |
|
|
SHCO
72
DELISTED
Soho House & Co
SHCO
| $13.1M | 0.07% |
+1,476,000
| New | +$11.6M |
|
73
CALL
Avis
CAR
$5.02B
| $11.2M | 0.06% |
70,000
-610,000
| -90% | -$103M |
|
|
74
PUT
Core Scientific
CORZ
$6.75B
| $10.8M | 0.06% |
600,200
-650,000
| -52% | -$9.53M |
|
75
Liberty Broadband Class A
LBRDA
$5.16B
| $10.8M | 0.06% |
170,000
| – | – |
|
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Pentwater Capital Management's Q3 2025 Portfolio in Review
As of Q3 2025, Pentwater Capital Management held 151 positions worth $17.9B, up 16% from $15.4B the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Pentwater Capital Management deployed $1.22B of net new capital in Q3 2025, opening 55 new positions and adding to 25 existing holdings. Its largest new stake was CyberArk: 3,665,000 shares worth $1.77B.
By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 6.8% a quarter earlier, followed by Industrials and Communication Services.
On the sell side, the largest reduction was UnitedHealth, an estimated $234M trimmed.
- Pentwater Capital Management's largest Q3 2025 buy was CyberArk: 3,665,000 shares worth $1.77B.
- Pentwater Capital Management added most to Kenvue in Q3 2025, an estimated $413M increase.
- Pentwater Capital Management's biggest Q3 2025 reduction was UnitedHealth, cutting an estimated $234M.
- Pentwater Capital Management fully exited Hess in Q3 2025, selling an estimated $1.01B.
- Pentwater Capital Management's ten largest holdings make up 58% of its $17.9B portfolio in Q3 2025.
- Pentwater Capital Management opened 55 new positions and closed 41 in Q3 2025.
- Pentwater Capital Management's portfolio value rose 16% quarter-over-quarter to $17.9B.
Based on Pentwater Capital Management's 13F filing for Q3 2025, filed 14 Nov 2025.