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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
+13.13%
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
$19B
AUM Growth
+$1.14B
Cap. Flow
+$942M
Cap. Flow %
4.95%
Top 10 Hldgs %
67.29%
Holding
135
New
26
Increased
22
Reduced
21
Closed
58

Top Buys

Rank Stock Value
1
EA
Electronic Arts
EA
+$1.24B
2
BA icon
Boeing
BA
+$846M
3
KVUE icon
Kenvue
KVUE
+$583M
4
EXAS
Exact Sciences
EXAS
+$582M
5
WBD icon
Warner Bros
WBD
+$444M

Top Sells

Rank Stock Value
1
K
Kellanova
K
+$820M
2
VRNA
Verona Pharma
VRNA
+$566M
3
SPR
Spirit AeroSystems
SPR
+$363M
4
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$264M
5
COOP
Mr. Cooper
COOP
+$210M

Sector Composition

Rank Sector Weight
1 Communication Services 20.47%
2 Industrials 15.77%
3 Technology 13.82%
4 Healthcare 11.09%
5 Consumer Staples 5.14%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WYFI
76
WhiteFiber Inc
WYFI
$951M
$158K ﹤0.01%
10,000
-3,000
-23% -$74.2K
AMC icon
77
PUT
AMC Entertainment Holdings
AMC
$2.31B
$156K ﹤0.01%
100,000
– –
AMC icon
78
AMC Entertainment Holdings
AMC
$2.31B
– –
-48,626,044
Closed -$116M
BHF icon
79
Brighthouse Financial
BHF
$3.5B
– –
-2,285,000
Closed -$121M
BHF icon
80
PUT
Brighthouse Financial
BHF
$3.5B
– –
-2,085,000
Closed -$111M
CNM icon
81
CALL
Core & Main
CNM
$8.71B
– –
-30,000
Closed -$1.61M
CNM icon
82
Core & Main
CNM
$8.71B
– –
-25,000
Closed -$1.35M
CNM icon
83
PUT
Core & Main
CNM
$8.71B
– –
-20,000
Closed -$1.08M
COOP
84
DELISTED
Mr. Cooper
COOP
– –
-997,000
Closed -$210M
CVX icon
85
PUT
Chevron
CVX
$366B
– –
-500,000
Closed -$77.6M
CYTK icon
86
Cytokinetics
CYTK
$10.4B
– –
-300,000
Closed -$16.5M
DEC
87
Diversified Energy Company
DEC
$980M
– –
-140,987
Closed -$1.98M
ESPR
88
DELISTED
Esperion Therapeutics
ESPR
– –
-181,290
Closed -$480K
ETNB
89
DELISTED
89bio
ETNB
– –
-11,750,000
Closed -$173M
EWG icon
90
PUT
iShares MSCI Germany ETF
EWG
$1.68B
– –
-225,000
Closed -$9.36M
EWU icon
91
PUT
iShares MSCI United Kingdom ETF
EWU
$4.16B
– –
-50,000
Closed -$2.1M
FYBR
92
DELISTED
Frontier Communications
FYBR
– –
-1,152,000
Closed -$43M
GEO icon
93
CALL
The GEO Group
GEO
$4.04B
– –
-100,000
Closed -$2.05M
HCA icon
94
HCA Healthcare
HCA
$89.5B
– –
-253,400
Closed -$108M
HCA icon
95
PUT
HCA Healthcare
HCA
$89.5B
– –
-120,000
Closed -$51.1M
IE icon
96
Ivanhoe Electric
IE
$1.74B
– –
-1,250,000
Closed -$15.7M
INFA
97
DELISTED
Informatica
INFA
– –
-7,350,000
Closed -$183M
INTC icon
98
CALL
Intel
INTC
$513B
– –
-35,000
Closed -$1.17M
K
99
DELISTED
Kellanova
K
– –
-10,000,000
Closed -$820M
KDP icon
100
Keurig Dr Pepper
KDP
$40.8B
– –
-25,000
Closed -$687K
2 3
4
5 6

Similar funds

CS
Candriam SCA Strassen, Luxembourg, Luxembourg $19.3B AUM 39.18% 1-Year Est. Return
A
AustralianSuper Melbourne, Australia $19.2B AUM 31.95% 1-Year Est. Return
LF
Lansforsakringar Fondforvaltning Stockholm, Sweden $19.1B AUM 26.9% 1-Year Est. Return
Select Equity Group
Select Equity Group New York $19.5B AUM 17.33% 1-Year Est. Return
MIM
MetLife Investment Management Whippany, New Jersey $19.6B AUM 32.64% 1-Year Est. Return
SPIA
Steward Partners Investment Advisory New York $19.6B AUM 22.89% 1-Year Est. Return
BPA
Beacon Pointe Advisors Newport Beach, California $18.9B AUM 18.9% 1-Year Est. Return
NAM
Nissay Asset Management Tokyo, Japan $18.9B AUM 27.21% 1-Year Est. Return

Pentwater Capital Management's Q4 2025 Portfolio in Review

As of Q4 2025, Pentwater Capital Management held 135 positions worth $19B, up 6.4% from $17.9B the previous quarter. Its ten largest holdings account for 67% of the portfolio.

Pentwater Capital Management deployed $942M of net new capital in Q4 2025, opening 26 new positions and adding to 22 existing holdings. Its largest new stake was Exact Sciences: 7,250,000 shares worth $736M.

By sector, the portfolio is most concentrated in Communication Services at 20% of assets, up from 11% a quarter earlier, followed by Industrials and Technology.

On the sell side, the largest reduction was State Street SPDR S&P 500 ETF Trust, an estimated $264M trimmed.

  • Pentwater Capital Management's largest Q4 2025 buy was Exact Sciences: 7,250,000 shares worth $736M.
  • Pentwater Capital Management added most to Electronic Arts in Q4 2025, an estimated $1.24B increase.
  • Pentwater Capital Management's biggest Q4 2025 reduction was State Street SPDR S&P 500 ETF Trust, cutting an estimated $264M.
  • Pentwater Capital Management fully exited Kellanova in Q4 2025, selling an estimated $820M.
  • Pentwater Capital Management's ten largest holdings make up 67% of its $19B portfolio in Q4 2025.
  • Pentwater Capital Management opened 26 new positions and closed 58 in Q4 2025.
  • Pentwater Capital Management's portfolio value rose 6.4% quarter-over-quarter to $19B.

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