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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
+15.2%
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
$17.9B
AUM Growth
+$2.46B
Cap. Flow
+$1.22B
Cap. Flow %
6.8%
Top 10 Hldgs %
58.11%
Holding
151
New
55
Increased
25
Reduced
20
Closed
41

Top Buys

Rank Stock Value
1
CYBR
CyberArk
CYBR
+$1.57B
2
EA
Electronic Arts
EA
+$794M
3
NSC icon
Norfolk Southern
NSC
+$764M
4
VRNA
Verona Pharma
VRNA
+$553M
5
KVUE icon
Kenvue
KVUE
+$413M

Top Sells

Rank Stock Value
1
HES
Hess
HES
+$1.01B
2
JNPR
Juniper Networks
JNPR
+$569M
3
BPMC
Blueprint Medicines
BPMC
+$500M
4
SKX
Skechers
SKX
+$442M
5
ANSS
Ansys
ANSS
+$286M

Sector Composition

Rank Sector Weight
1 Technology 16.68%
2 Industrials 13.89%
3 Communication Services 11.39%
4 Healthcare 7.63%
5 Consumer Staples 6.5%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WYFI
101
WhiteFiber Inc
WYFI
$951M
$353K ﹤0.01%
+13,000
New +$254K
GEMI
102
Gemini Space Station
GEMI
$517M
$311K ﹤0.01%
+13,000
New +$336K
AMC icon
103
PUT
AMC Entertainment Holdings
AMC
$2.31B
$290K ﹤0.01%
100,000
– –
NAK
104
Northern Dynasty Minerals
NAK
$958M
$240K ﹤0.01%
+200,000
New +$215K
TALO icon
105
CALL
Talos Energy
TALO
$2.4B
$192K ﹤0.01%
20,000
– –
RKT icon
106
Rocket Companies
RKT
$38.9B
$155K ﹤0.01%
+8,000
New +$140K
PTEN icon
107
CALL
Patterson-UTI
PTEN
$3.76B
$130K ﹤0.01%
+25,000
New +$144K
MGRM
108
DELISTED
Monogram Orthopaedics
MGRM
$58.7K ﹤0.01%
+10,000
New +$53.4K
SNPS icon
109
Synopsys
SNPS
$79.7B
$50.8K ﹤0.01%
+103
New +$58.2K
AMED
110
DELISTED
Amedisys
AMED
– –
-1,715,084
Closed -$169M
ANSS
111
DELISTED
Ansys
ANSS
– –
-815,000
Closed -$286M
ANSS
112
PUT
DELISTED
Ansys
ANSS
– –
-300,000
Closed -$105M
AZEK
113
DELISTED
The AZEK Co
AZEK
– –
-2,066,000
Closed -$112M
BPMC
114
DELISTED
Blueprint Medicines
BPMC
– –
-3,900,000
Closed -$500M
BRKL
115
DELISTED
Brookline Bancorp
BRKL
– –
-655,000
Closed -$6.91M
CCK icon
116
Crown Holdings
CCK
$13.1B
– –
-27,979
Closed -$2.88M
CVX icon
117
CALL
Chevron
CVX
$366B
– –
-100,000
Closed -$14.3M
DNB
118
DELISTED
Dun & Bradstreet
DNB
– –
-8,150,000
Closed -$74.1M
ESGR
119
DELISTED
Enstar Group
ESGR
– –
-441,100
Closed -$148M
FL
120
DELISTED
Foot Locker
FL
– –
-3,300,000
Closed -$80.8M
GMS
121
DELISTED
GMS Inc
GMS
– –
-400,000
Closed -$43.5M
HES
122
DELISTED
Hess
HES
– –
-7,320,000
Closed -$1.01B
HES
123
PUT
DELISTED
Hess
HES
– –
-2,750,000
Closed -$381M
HOLX
124
DELISTED
Hologic
HOLX
– –
-10,000
Closed -$652K
HOLX
125
PUT
DELISTED
Hologic
HOLX
– –
-10,000
Closed -$652K
2 3 4
5
6

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LF
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MIM
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SPIA
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Pentwater Capital Management's Q3 2025 Portfolio in Review

As of Q3 2025, Pentwater Capital Management held 151 positions worth $17.9B, up 16% from $15.4B the previous quarter. Its ten largest holdings account for 58% of the portfolio.

Pentwater Capital Management deployed $1.22B of net new capital in Q3 2025, opening 55 new positions and adding to 25 existing holdings. Its largest new stake was CyberArk: 3,665,000 shares worth $1.77B.

By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 6.8% a quarter earlier, followed by Industrials and Communication Services.

On the sell side, the largest reduction was UnitedHealth, an estimated $234M trimmed.

  • Pentwater Capital Management's largest Q3 2025 buy was CyberArk: 3,665,000 shares worth $1.77B.
  • Pentwater Capital Management added most to Kenvue in Q3 2025, an estimated $413M increase.
  • Pentwater Capital Management's biggest Q3 2025 reduction was UnitedHealth, cutting an estimated $234M.
  • Pentwater Capital Management fully exited Hess in Q3 2025, selling an estimated $1.01B.
  • Pentwater Capital Management's ten largest holdings make up 58% of its $17.9B portfolio in Q3 2025.
  • Pentwater Capital Management opened 55 new positions and closed 41 in Q3 2025.
  • Pentwater Capital Management's portfolio value rose 16% quarter-over-quarter to $17.9B.

Based on Pentwater Capital Management's 13F filing for Q3 2025, filed 14 Nov 2025.