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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
+14.92%
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
$15.4B
AUM Growth
+$3.5B
Cap. Flow
+$2.17B
Cap. Flow %
14.1%
Top 10 Hldgs %
61.13%
Holding
135
New
34
Increased
38
Reduced
18
Closed
39

Top Buys

Rank Stock Value
1
BPMC
Blueprint Medicines
BPMC
+$405M
2
SKX
Skechers
SKX
+$402M
3
UNH icon
UnitedHealth
UNH
+$373M
4
HES
Hess
HES
+$203M
5
INFA
Informatica
INFA
+$141M

Top Sells

Rank Stock Value
1
X
US Steel
X
+$814M
2
ITCI
Intra-Cellular Therapies Inc.
ITCI
+$685M
3
BA icon
Boeing
BA
+$231M
4
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$212M
5
HEES
H&E Equipment Services
HEES
+$156M

Sector Composition

Rank Sector Weight
1 Healthcare 9.53%
2 Industrials 9.28%
3 Technology 6.84%
4 Energy 6.69%
5 Communication Services 4.91%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CHTR icon
101
CALL
Charter Communications
CHTR
$18.2B
– –
-20,000
Closed -$7.37M
CHX
102
DELISTED
ChampionX
CHX
– –
-50,000
Closed -$1.49M
COF icon
103
PUT
Capital One
COF
$134B
– –
-205,000
Closed -$36.8M
DESP
104
DELISTED
Despegar.com
DESP
– –
-250,000
Closed -$4.7M
DFS
105
DELISTED
Discover Financial Services
DFS
– –
-510,000
Closed -$87.1M
EWG icon
106
iShares MSCI Germany ETF
EWG
$1.62B
– –
-25,000
Closed -$998K
FTNT icon
107
Fortinet
FTNT
$117B
– –
-37,000
Closed -$3.56M
FTNT icon
108
PUT
Fortinet
FTNT
$117B
– –
-30,000
Closed -$2.89M
GWRS icon
109
Global Water Resources
GWRS
$219M
– –
-35,000
Closed -$361K
HEES
110
DELISTED
H&E Equipment Services
HEES
– –
-1,650,000
Closed -$156M
HRI icon
111
PUT
Herc Holdings
HRI
$5.61B
– –
-15,000
Closed -$2.01M
JWN
112
DELISTED
Nordstrom
JWN
– –
-3,800,000
Closed -$92.9M
KBWB icon
113
PUT
Invesco KBW Bank ETF
KBWB
$6.87B
– –
-100,000
Closed -$6.28M
LYV icon
114
PUT
Live Nation Entertainment
LYV
$42.1B
– –
-150,000
Closed -$19.6M
NUE icon
115
CALL
Nucor
NUE
$62.1B
– –
-135,000
Closed -$16.2M
PLYA
116
DELISTED
Playa Hotels & Resorts
PLYA
– –
-4,480,000
Closed -$59.7M
RSP icon
117
PUT
Invesco S&P 500 Equal Weight ETF
RSP
$99.5B
– –
-25,000
Closed -$4.33M
SIRI icon
118
PUT
SiriusXM
SIRI
$10.1B
– –
-200,000
Closed -$4.51M
SNPS icon
119
PUT
Synopsys
SNPS
$79.7B
– –
-10,000
Closed -$4.29M
STLD icon
120
CALL
Steel Dynamics
STLD
$37.6B
– –
-130,000
Closed -$16.3M
TKO icon
121
TKO Group
TKO
$13.6B
– –
-100,000
Closed -$15.3M
TKO icon
122
PUT
TKO Group
TKO
$13.6B
– –
-110,000
Closed -$16.8M
TSLA icon
123
CALL
Tesla
TSLA
$1.3T
– –
-21,000
Closed -$5.44M
X
124
CALL
DELISTED
US Steel
X
– –
-1,148,800
Closed -$48.5M
X
125
DELISTED
US Steel
X
– –
-19,270,000
Closed -$814M
2 3 4
5
6

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LF
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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 Q2 2025 Portfolio in Review

As of Q2 2025, Pentwater Capital Management held 135 positions worth $15.4B, up 29% from $11.9B the previous quarter. Its ten largest holdings account for 61% of the portfolio.

Pentwater Capital Management deployed $2.17B of net new capital in Q2 2025, opening 34 new positions and adding to 38 existing holdings. Its largest new stake was Blueprint Medicines: 3,900,000 shares worth $500M.

By sector, the portfolio is most concentrated in Healthcare at 9.5% of assets, up from 8.1% a quarter earlier, followed by Industrials and Technology.

On the sell side, the largest reduction was Boeing, an estimated $231M trimmed.

  • Pentwater Capital Management's largest Q2 2025 buy was Blueprint Medicines: 3,900,000 shares worth $500M.
  • Pentwater Capital Management added most to Hess in Q2 2025, an estimated $203M increase.
  • Pentwater Capital Management's biggest Q2 2025 reduction was Boeing, cutting an estimated $231M.
  • Pentwater Capital Management fully exited US Steel in Q2 2025, selling an estimated $814M.
  • Pentwater Capital Management's ten largest holdings make up 61% of its $15.4B portfolio in Q2 2025.
  • Pentwater Capital Management opened 34 new positions and closed 39 in Q2 2025.
  • Pentwater Capital Management's portfolio value rose 29% quarter-over-quarter to $15.4B.

Based on Pentwater Capital Management's 13F filing for Q2 2025, filed 14 Aug 2025.