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Pentwater Capital Management Portfolio holdings

AUM $16.4B
1-Year Est. Return 55.44%
This Fund
S&P 500
This Quarter Est. Return
+12.97%
1 Year Est. Return
+55.44%
3 Year Est. Return
+212.86%
5 Year Est. Return
+622.31%
10 Year Est. Return
+4,977.78%
AUM
$16.4B
AUM Growth
-$2.93B
Cap. Flow
-$2.91B
Cap. Flow %
-17.81%
Top 10 Hldgs %
66.54%
Holding
132
New
40
Increased
15
Reduced
26
Closed
42

Top Buys

Rank Stock Value
1
ROKU icon
Roku
ROKU
+$528M
2
CZR icon
Caesars Entertainment
CZR
+$248M
3
D icon
Dominion Energy
D
+$228M
4
OGN icon
Organon & Co
OGN
+$216M
5
TXNM
TXNM Energy Inc
TXNM
+$216M

Top Sells

Rank Stock Value
1
CAR icon
Avis
CAR
+$998M
2
CORZ icon
Core Scientific
CORZ
+$572M
3
MASI
Masimo
MASI
+$565M
4
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$392M
5
HOLX
Hologic
HOLX
+$340M

Sector Composition

Rank Sector Weight
1 Communication Services 32.67%
2 Miscellaneous 23.65%
3 Industrials 18.6%
4 Healthcare 6.4%
5 Consumer Staples 5.98%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CWAN
101
DELISTED
Clearwater Analytics
CWAN
– –
-11,385,000
Closed -$269M
DAWN
102
DELISTED
Day One Biopharmaceuticals
DAWN
– –
-800,000
Closed -$17.2M
FOLD
103
DELISTED
Amicus Therapeutics
FOLD
– –
-14,000,000
Closed -$202M
GEO icon
104
CALL
The GEO Group
GEO
$4.06B
– –
-50,000
Closed -$841K
GPCR icon
105
Structure Therapeutics
GPCR
$3.38B
– –
-245,000
Closed -$11.8M
HOLX
106
DELISTED
Hologic
HOLX
– –
-4,500,224
Closed -$340M
KTOS icon
107
Kratos Defense & Security Solutions
KTOS
$9.03B
– –
-5,000
Closed -$353K
KVUE icon
108
CALL
Kenvue
KVUE
$36.4B
– –
-3,100,000
Closed -$53.4M
KVUE icon
109
PUT
Kenvue
KVUE
$36.4B
– –
-1,500,000
Closed -$25.9M
MASI
110
DELISTED
Masimo
MASI
– –
-3,176,000
Closed -$565M
NFLX icon
111
CALL
Netflix
NFLX
$344B
– –
-1,280,000
Closed -$123M
NFLX icon
112
Netflix
NFLX
$344B
– –
-3,088,000
Closed -$297M
NFLX icon
113
PUT
Netflix
NFLX
$344B
– –
-3,360,000
Closed -$323M
PNFP icon
114
Pinnacle Financial Partners Inc
PNFP
$15.3B
– –
-300,000
Closed -$25.8M
PRTC
115
DELISTED
PureTech Health
PRTC
– –
-70,000
Closed -$1.04M
QQQ icon
116
Invesco QQQ Trust
QQQ
$488B
– –
-60,000
Closed -$41.3M
SPY icon
117
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$818B
– –
-5,000
Closed -$3.25M
UAL icon
118
United Airlines
UAL
$35.3B
– –
-500,000
Closed -$46M
UAL icon
119
PUT
United Airlines
UAL
$35.3B
– –
-530,000
Closed -$48.8M
UPS icon
120
United Parcel Service
UPS
$88.1B
– –
-45,000
Closed -$4.43M
WBS
121
DELISTED
Webster Financial
WBS
– –
-1,866,090
Closed -$130M
RDDT icon
122
Reddit
RDDT
$30B
– –
-5,000
Closed -$673K
OS
123
DELISTED
OneStream Inc
OS
– –
-1,890,000
Closed -$45.4M
XOVR
124
EntrepreneurShares Series Trust ERShares Private-Public Crossover ETF
XOVR
$1.77B
– –
-46,000
Closed -$777K
CRWV
125
CoreWeave
CRWV
$46.6B
– –
-9,500
Closed -$736K
2 3 4
5
6

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NMO
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BBVA
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Pentwater Capital Management's Q2 2026 Portfolio in Review

As of Q2 2026, Pentwater Capital Management held 132 positions worth $16.4B, down 15% from $19.3B the previous quarter. Its ten largest holdings account for 67% of the portfolio.

Pentwater Capital Management withdrew a net $2.91B in Q2 2026, closing 42 positions and reducing 26 holdings. Its most notable exit was Masimo, an estimated $565M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 33% of assets, up from 25% a quarter earlier, followed by Miscellaneous and Industrials.

Against the trend, Pentwater Capital Management opened a new position in Roku worth $597M.

  • Pentwater Capital Management's largest Q2 2026 buy was Roku: 4,325,000 shares worth $597M.
  • Pentwater Capital Management added most to Caesars Entertainment in Q2 2026, an estimated $248M increase.
  • Pentwater Capital Management's biggest Q2 2026 reduction was Avis, cutting an estimated $998M.
  • Pentwater Capital Management fully exited Masimo in Q2 2026, selling an estimated $565M.
  • Pentwater Capital Management's ten largest holdings make up 67% of its $16.4B portfolio in Q2 2026.
  • Pentwater Capital Management opened 40 new positions and closed 42 in Q2 2026.
  • Pentwater Capital Management's portfolio value fell 15% quarter-over-quarter to $16.4B.

Based on Pentwater Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.