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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 icon
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
EXAS
101
DELISTED
Exact Sciences
EXAS
– –
-7,250,000
Closed -$736M
TDAY
102
USA Today Co
TDAY
$1.24B
– –
-1,400,000
Closed -$7.21M
GEO icon
103
PUT
The GEO Group
GEO
$4.09B
– –
-250,000
Closed -$4.03M
HI
104
DELISTED
Hillenbrand
HI
– –
-1,800,000
Closed -$57.1M
HOUS
105
DELISTED
Anywhere Real Estate
HOUS
– –
-350,000
Closed -$4.96M
KDP icon
106
PUT
Keurig Dr Pepper
KDP
$41.4B
– –
-25,000
Closed -$700K
KMB icon
107
CALL
Kimberly-Clark
KMB
$36B
– –
-3,420,000
Closed -$345M
ORCL icon
108
CALL
Oracle
ORCL
$350B
– –
-12,500
Closed -$2.44M
PANW icon
109
CALL
Palo Alto Networks
PANW
$284B
– –
-570,000
Closed -$105M
PANW icon
110
PUT
Palo Alto Networks
PANW
$284B
– –
-310,000
Closed -$57.1M
PTGX icon
111
Protagonist Therapeutics
PTGX
$8.64B
– –
-50,000
Closed -$4.37M
RNAM
112
DELISTED
Avidity Biosciences
RNAM
– –
-6,026,500
Closed -$435M
SBET icon
113
Sharplink Inc
SBET
$1.29B
– –
-20,000
Closed -$179K
SBET icon
114
PUT
Sharplink Inc
SBET
$1.29B
– –
-20,000
Closed -$179K
SHCO
115
DELISTED
Soho House & Co
SHCO
– –
-1,476,000
Closed -$13.2M
SNPS icon
116
CALL
Synopsys
SNPS
$72.5B
– –
-90,000
Closed -$42.3M
SNPS icon
117
PUT
Synopsys
SNPS
$72.5B
– –
-300,000
Closed -$141M
TGNA
118
DELISTED
TEGNA Inc
TGNA
– –
-1,750,000
Closed -$34M
WBD icon
119
CALL
Warner Bros
WBD
$64.8B
– –
-2,850,000
Closed -$82.1M
WGS icon
120
GeneDx Holdings
WGS
$1.8B
– –
-50,000
Closed -$6.5M
WGS icon
121
PUT
GeneDx Holdings
WGS
$1.8B
– –
-50,000
Closed -$6.5M
DAY
122
DELISTED
Dayforce
DAY
– –
-9,500,000
Closed -$657M
1 2 3 4
5

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MGP
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LF
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MIM
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SOMRS
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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.