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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
Cap. Flow
+$1.22B
Cap. Flow %
6.8%
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
NSC icon
Norfolk Southern
NSC
+$764M
4
VRNA
Verona Pharma
VRNA
+$553M
5
KVUE icon
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
EWG icon
76
PUT
iShares MSCI Germany ETF
EWG
$1.68B
$9.36M 0.05%
225,000
+50,000
+29% +$2.09M
CRWV
77
CALL
CoreWeave
CRWV
$49.5B
$6.84M 0.04%
+50,000
New +$5.92M
PRO
78
DELISTED
PROS Holdings
PRO
$5.73M 0.03%
+250,000
New +$4.07M
BATRK icon
79
Atlanta Braves Holdings Series B
BATRK
$3.21B
$3.74M 0.02%
90,000
– –
SIRI icon
80
SiriusXM
SIRI
$10.1B
$2.91M 0.02%
125,000
-100,000
-44% -$2.31M
WGS icon
81
CALL
GeneDx Holdings
WGS
$2.3B
$2.15M 0.01%
20,000
– –
EWU icon
82
PUT
iShares MSCI United Kingdom ETF
EWU
$4.16B
$2.1M 0.01%
50,000
– –
GEO icon
83
CALL
The GEO Group
GEO
$4.04B
$2.05M 0.01%
+100,000
New +$2.28M
DEC
84
Diversified Energy Company
DEC
$980M
$1.98M 0.01%
140,987
-9,013
-6% -$135K
CNM icon
85
CALL
Core & Main
CNM
$8.71B
$1.61M 0.01%
+30,000
New +$1.82M
PRTC
86
DELISTED
PureTech Health
PRTC
$1.39M 0.01%
75,000
+25,000
+50% +$439K
CNM icon
87
Core & Main
CNM
$8.71B
$1.35M 0.01%
+25,000
New +$1.51M
HOUS
88
DELISTED
Anywhere Real Estate
HOUS
$1.27M 0.01%
+120,000
New +$705K
VRNT
89
DELISTED
Verint Systems
VRNT
$1.22M 0.01%
+60,000
New +$1.24M
INTC icon
90
CALL
Intel
INTC
$513B
$1.17M 0.01%
35,000
-15,000
-30% -$363K
TELA icon
91
TELA Bio
TELA
$38.9M
$1.08M 0.01%
724,856
-90,144
-11% -$159K
CNM icon
92
PUT
Core & Main
CNM
$8.71B
$1.08M 0.01%
+20,000
New +$1.21M
RBRK icon
93
Rubrik
RBRK
$18.5B
$946K 0.01%
+11,500
New +$989K
RNAM
94
CALL
DELISTED
Avidity Biosciences
RNAM
$871K ﹤0.01%
+20,000
New +$809K
FIG
95
Figma
FIG
$12.4B
$830K ﹤0.01%
+16,000
New +$1.1M
KDP icon
96
Keurig Dr Pepper
KDP
$40.8B
$638K ﹤0.01%
+25,000
New +$784K
KDP icon
97
PUT
Keurig Dr Pepper
KDP
$40.8B
$638K ﹤0.01%
+25,000
New +$784K
SOC icon
98
CALL
Sable Offshore Corp
SOC
$911M
$611K ﹤0.01%
+35,000
New +$897K
ESPR
99
DELISTED
Esperion Therapeutics
ESPR
$480K ﹤0.01%
181,290
– –
RBRK icon
100
CALL
Rubrik
RBRK
$18.5B
$411K ﹤0.01%
+5,000
New +$430K
2 3
4
5 6

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A
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LF
Lansforsakringar Fondforvaltning Stockholm, Sweden $19.1B AUM 26.9% 1-Year Est. Return
Select Equity Group
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MIM
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SPIA
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BPA
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NAM
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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.