We are live on ! Find out more
Pentwater Capital Management

Pentwater Capital Management Portfolio holdings

AUM $16.4B Turnover 62.12%
1-Year Est. Return 55.44%
This Fund
S&P 500
This Quarter Est. Return
+5.58%
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
$19.3B
AUM Growth
+$262M
Cap. Flow
-$45.7M
Cap. Flow %
-0.24%
Top 10 Hldgs %
65.03%
Holding
122
New
45
Increased
32
Reduced
8
Closed
30
Avg Time Held Equity + Options
0.7 years
Top 10 Avg Time Held Equity + Options
1.8 years
Top 20 Avg Time Held Equity + Options
1.1 years
Avg Time Held Equity only
0.6 years
Top 10 Avg Time Held Equity only
0.5 years
Top 20 Avg Time Held Equity only
0.5 years

Top Buys

Rank Stock Value
1
MASI icon
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 icon
Arcellx
ACLX
+$253M

Top Sells

Rank Stock Value
1
CYBR icon
CyberArk
CYBR
+$1.53B
2
EXAS icon
Exact Sciences
EXAS
+$736M
3
DAY icon
Dayforce
DAY
+$657M
4
RNAM
Avidity Biosciences
RNAM
+$435M
5
CADE icon
Cadence Bank
CADE
+$267M

Sector Composition

Rank Sector Weight
1 Miscellaneous 29.21%
2 Communication Services 24.61%
3 Industrials 19.35%
4 Healthcare 12.25%
5 Consumer Staples 4.65%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
EA icon
1
DELISTED
Electronic Arts
EA
$2.61B 13.54%
12,807,500
+1,857,500
+17% +$375M
2025 Q3
2 quarters
SPY icon
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$806B
$1.96B 10.14%
3,007,500
+722,500
+32% +$491M
2013 Q2
51 quarters
BA icon
3
Boeing
BA
$150B
$1.41B 7.3%
7,069,500
+459,500
+7% +$105M
2021 Q2
19 quarters
WBD icon
4
DELISTED
Warner Bros
WBD
$1.38B 7.15%
50,245,000
+4,170,000
+9% +$117M
2025 Q3
2 quarters
CAR icon
5
Avis
CAR
$3.63B
$1.03B 5.33%
7,048,300
+3,946,900
+127% +$450M
2024 Q1
8 quarters
BA icon
6
PUT
Boeing
BA
$150B
$1B 5.21%
5,045,000
-440,000
-8% -$100M
2021 Q3
18 quarters
NSC icon
7
Norfolk Southern
NSC
$73.4B
$924M 4.79%
3,220,000
+201,000
+7% +$59.7M
2025 Q3
2 quarters
KVUE icon
8
Kenvue
KVUE
$36.3B
$896M 4.65%
52,000,000
-4,720,600
-8% -$84.1M
2025 Q1
4 quarters
UNH icon
9
CALL
UnitedHealth
UNH
$360B
$768M 3.99%
2,840,000
+5,000
+0.2% +$1.49M
2025 Q2
3 quarters
MASI icon
10
DELISTED
Masimo
MASI
$565M 2.93%
+3,176,000
New +$498M
2026 Q1
0 quarters
SPY icon
11
State Street SPDR S&P 500 ETF Trust
SPY
$806B
$377M 1.96%
580,000
+570,000
+5,700% +$388M
2020 Q1
24 quarters
CORZ icon
12
Core Scientific
CORZ
$4.33B
$372M 1.93%
24,852,000
-763,000
-3% -$13M
2025 Q2
3 quarters
TECK icon
13
Teck Resources
TECK
$31.7B
$360M 1.87%
6,960,000
+460,000
+7% +$24.6M
2023 Q2
11 quarters
HOLX icon
14
DELISTED
Hologic
HOLX
$340M 1.76%
4,500,224
+252,724
+6% +$19M
2025 Q4
1 quarter
ACLX icon
15
DELISTED
Arcellx
ACLX
$330M 1.71%
+2,870,000
New +$253M
2026 Q1
0 quarters
CNTA
16
DELISTED
Centessa Pharmaceuticals
CNTA
$325M 1.68%
+8,170,000
New +$209M
2026 Q1
0 quarters
NFLX icon
17
PUT
Netflix
NFLX
$294B
$323M 1.68%
3,360,000
+3,000,000
+833% +$264M
2025 Q4
1 quarter
NFLX icon
18
Netflix
NFLX
$294B
$297M 1.54%
3,088,000
+2,768,000
+865% +$244M
2025 Q4
1 quarter
ECHO icon
19
EchoStar
ECHO
$24.8B
$276M 1.43%
2,360,000
+1,648,300
+232% +$189M
2025 Q3
2 quarters
CWAN icon
20
DELISTED
Clearwater Analytics
CWAN
$269M 1.4%
11,385,000
+8,785,000
+338% +$208M
2025 Q4
1 quarter
APLS icon
21
DELISTED
Apellis Pharmaceuticals
APLS
$211M 1.1%
+5,250,000
New +$113M
2026 Q1
0 quarters
FOLD icon
22
DELISTED
Amicus Therapeutics
FOLD
$202M 1.05%
14,000,000
+2,500,000
+22% +$35.8M
2025 Q4
1 quarter
DBRG icon
23
DELISTED
DigitalBridge
DBRG
$181M 0.94%
11,750,000
+250,000
+2% +$3.85M
2025 Q4
1 quarter
UNH icon
24
PUT
UnitedHealth
UNH
$360B
$175M 0.91%
+645,000
New +$192M
2026 Q1
0 quarters
TXNM icon
25
TXNM Energy Inc
TXNM
$6.44B
$164M 0.85%
2,800,000
+1,149,000
+70% +$67.7M
2025 Q2
3 quarters
1
2 3 4 5

Similar funds

Lone Pine Capital
Lone Pine Capital Greenwich, Connecticut $16.4B AUM 99.7% 1-Year Est. Return
Merit Financial Group
Merit Financial Group Alpharetta, Georgia $16.4B AUM 25.17% 1-Year Est. Return
Xponance
Xponance Philadelphia, Pennsylvania $16.3B AUM 44.61% 1-Year Est. Return
NMO
Newlands Management Operations Dallas, Texas $16.6B AUM 3.91% 1-Year Est. Return
Banco Santander
Banco Santander Madrid, Spain $16.1B AUM 35.02% 1-Year Est. Return
Banco Bilbao Vizcaya Argentaria
Banco Bilbao Vizcaya Argentaria Madrid, Spain $16.1B AUM 40.83% 1-Year Est. Return
Park Avenue Securities
Park Avenue Securities New York $16B AUM 26.77% 1-Year Est. Return
OMERS Administration Corp
OMERS Administration Corp Toronto, Ontario, Canada $16.7B AUM 35.95% 1-Year Est. Return

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 Miscellaneous at 29% of assets, up from 27% a quarter earlier, followed by Communication Services and Industrials.

  • 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.