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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
+7.36%
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
$9.06B
AUM Growth
-$648M
Cap. Flow
-$858M
Cap. Flow %
-9.47%
Top 10 Hldgs %
63.86%
Holding
130
New
35
Increased
27
Reduced
20
Closed
38

Top Buys

Rank Stock Value
1
ALTM
Arcadium Lithium plc
ALTM
+$141M
2
HES
Hess
HES
+$120M
3
SMAR
Smartsheet Inc.
SMAR
+$118M
4
DFS
Discover Financial Services
DFS
+$87.8M
5
JNPR
Juniper Networks
JNPR
+$85.4M

Top Sells

Rank Stock Value
1
HUBS icon
HubSpot
HUBS
+$180M
2
SRCL
Stericycle Inc
SRCL
+$173M
3
VZIO
VIZIO Holding Corp.
VZIO
+$75.4M
4
MRO
Marathon Oil Corporation
MRO
+$67.1M
5
NVEI
Nuvei Corporation Subordinate Voting Shares
NVEI
+$66.7M

Sector Composition

Rank Sector Weight
1 Technology 13.21%
2 Materials 9.37%
3 Industrials 9.15%
4 Energy 8.29%
5 Communication Services 8%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LLYVK icon
101
Liberty Live Group Series C
LLYVK
$9.46B
– –
-133,485
Closed -$6.85M
NATL icon
102
NCR Atleos
NATL
$3.44B
– –
-100,000
Closed -$2.85M
OHI icon
103
PUT
Omega Healthcare
OHI
$14.7B
– –
-20,000
Closed -$814K
PLTR icon
104
PUT
Palantir
PLTR
$413B
– –
-20,000
Closed -$744K
RSP icon
105
PUT
Invesco S&P 500 Equal Weight ETF
RSP
$99.5B
– –
-25,000
Closed -$4.48M
SNOW icon
106
Snowflake
SNOW
$115B
– –
-12,000
Closed -$1.38M
SNOW icon
107
PUT
Snowflake
SNOW
$115B
– –
-5,000
Closed -$574K
TALO icon
108
CALL
Talos Energy
TALO
$2.4B
– –
-25,000
Closed -$259K
TKO icon
109
CALL
TKO Group
TKO
$13.6B
– –
-20,000
Closed -$2.47M
VYX icon
110
CALL
NCR Voyix
VYX
$1.14B
– –
-400,000
Closed -$5.43M
ALAB icon
111
Astera Labs
ALAB
$58B
– –
-10,000
Closed -$524K
RDDT icon
112
Reddit
RDDT
$31.1B
– –
-25,000
Closed -$1.65M
DJT icon
113
CALL
Trump Media & Technology Group
DJT
$2.83B
– –
-45,000
Closed -$723K
DJT icon
114
Trump Media & Technology Group
DJT
$2.83B
– –
-10,000
Closed -$161K
DJT icon
115
PUT
Trump Media & Technology Group
DJT
$2.83B
– –
-195,000
Closed -$3.13M
DJTWW
116
Trump Media & Technology Group Warrants
DJTWW
$859M
– –
-10,000
Closed -$104K
RBRK icon
117
CALL
Rubrik
RBRK
$18.5B
– –
-10,000
Closed -$322K
RBRK icon
118
Rubrik
RBRK
$18.5B
– –
-55,000
Closed -$1.77M
RBRK icon
119
PUT
Rubrik
RBRK
$18.5B
– –
-35,000
Closed -$1.13M
SMAR
120
PUT
DELISTED
Smartsheet Inc.
SMAR
– –
-1,005,000
Closed -$55.6M
MRO
121
DELISTED
Marathon Oil Corporation
MRO
– –
-2,519,800
Closed -$67.1M
AXNX
122
DELISTED
Axonics, Inc. Common Stock
AXNX
– –
-157,800
Closed -$11M
NVEI
123
DELISTED
Nuvei Corporation Subordinate Voting Shares
NVEI
– –
-2,000,000
Closed -$66.7M
SRCL
124
DELISTED
Stericycle Inc
SRCL
– –
-2,843,000
Closed -$173M
PETQ
125
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
– –
-646,000
Closed -$19.9M
2 3 4
5
6

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Pentwater Capital Management's Q4 2024 Portfolio in Review

As of Q4 2024, Pentwater Capital Management held 130 positions worth $9.06B, down 6.7% from $9.71B the previous quarter. Its ten largest holdings account for 64% of the portfolio.

Pentwater Capital Management withdrew a net $858M in Q4 2024, closing 38 positions and reducing 20 holdings. Its most notable exit was Stericycle Inc, an estimated $173M position sold in full.

By sector, the portfolio is most concentrated in Technology at 13% of assets, down from 14% a quarter earlier, followed by Materials and Industrials.

Against the trend, Pentwater Capital Management opened a new position in Arcadium Lithium plc worth $141M.

  • Pentwater Capital Management's largest Q4 2024 buy was Arcadium Lithium plc: 27,550,000 shares worth $141M.
  • Pentwater Capital Management added most to Hess in Q4 2024, an estimated $120M increase.
  • Pentwater Capital Management's biggest Q4 2024 reduction was HubSpot, cutting an estimated $180M.
  • Pentwater Capital Management fully exited Stericycle Inc in Q4 2024, selling an estimated $173M.
  • Pentwater Capital Management's ten largest holdings make up 64% of its $9.06B portfolio in Q4 2024.
  • Pentwater Capital Management opened 35 new positions and closed 38 in Q4 2024.
  • Pentwater Capital Management's portfolio value fell 6.7% quarter-over-quarter to $9.06B.

Based on Pentwater Capital Management's 13F filing for Q4 2024, filed 14 Feb 2025.