13F filings
Pentwater Capital Management
Where the disclosed book sits
by disclosed valueOption contracts are 23% of the disclosed value and are excluded from the sectors above: a put is a position against a company, so counting its notional as sector weight would report the reverse of what the fund holds.
Largest holdings
20 of 90 positions| Holding | Type | Value | Shares | Share of book |
|---|---|---|---|---|
| EAElectronic Arts Inc | Shares | $2.8B | 13,475,000 | 16.9% |
| BABoeing Co | Shares | $1.3B | 6,200,000 | 8.2% |
| WBDWarner Bros Discovery Inc | Shares | $1.3B | 47,576,000 | 7.8% |
| SPYState Str Spdr S&P 500 Etf T | Put | $1.1B | 1,422,500 | 6.5% |
| KVUEKenvue Inc | Shares | $977.1M | 51,130,000 | 6% |
| NSCNorfolk Southn Corp | Shares | $873.0M | 2,775,000 | 5.3% |
| BABoeing Co | Put | $828.0M | 3,825,000 | 5.1% |
| UNHUnitedhealth Group Inc | Call | $777.2M | 1,870,000 | 4.8% |
| ROKUROKU Inc | Shares | $597.5M | 4,325,000 | 3.7% |
| SATSEchostar Corp | Shares | $391.8M | 3,860,000 | 2.4% |
| CARAVIS Budget Group Inc | Shares | $371.5M | 2,513,300 | 2.3% |
| TXNM Energy IncTXNM Energy Inc | Shares | $368.4M | 6,487,500 | 2.3% |
| TECKTECK Resources Ltd | Shares | $354.4M | 5,960,000 | 2.2% |
| CZRCaesars Entertainment Inc Ne | Shares | $346.0M | 11,465,000 | 2.1% |
| GEOGEO Group Inc | Shares | $312.7M | 10,582,000 | 1.9% |
| OGNOrganon & Co | Shares | $245.1M | 18,100,000 | 1.5% |
| DDominion Energy Inc | Shares | $239.0M | 3,500,000 | 1.5% |
| DBRGDigitalbridge Group Inc | Shares | $198.8M | 12,600,000 | 1.2% |
| SGRYSurgery Partners Inc | Shares | $195.4M | 11,630,000 | 1.2% |
| APGEApogee Therapeutics Inc | Shares | $189.1M | 1,425,000 | 1.2% |
Share of book is the position's value against the whole disclosed 13F value, so the rows shown here do not sum to 100% unless every position is listed.
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What changed last quarter
15 largest moves| Holding | Move | Share change | Value change | Value after |
|---|---|---|---|---|
| SPYSTATE STR SPDR S&P 500 ETF T | Trimmed | -52.7% | -$1.2B | $1.1B |
| CARAVIS BUDGET GROUP INC | Trimmed | -64.3% | -$670.4M | $371.5M |
| CORZCORE SCIENTIFIC INC NEW | Trimmed | -97.8% | -$622.2M | $13.7M |
| ROKUROKU INC | New | n/a | $597.5M | $597.5M |
| MASIMASIMO CORP | Exited | n/a | -$564.9M | $0 |
| SPYSTATE STR SPDR S&P 500 ETF T | Trimmed | -93.1% | -$403.3M | $29.9M |
| UNHUNITEDHEALTH GROUP INC | Trimmed | -34.2% | -$403.2M | $777.2M |
| HOLXHOLOGIC INC | Exited | n/a | -$340.2M | $0 |
| ACLXARCELLX INC | Exited | n/a | -$329.5M | $0 |
| CNTACENTESSA PHARMACEUTICALS PLC | Exited | n/a | -$324.5M | $0 |
| NFLXNETFLIX INC. | Exited | n/a | -$323.1M | $0 |
| NFLXNETFLIX INC. | Exited | n/a | -$296.9M | $0 |
| CWANCLEARWATER ANALYTICS HLDGS I | Exited | n/a | -$269.3M | $0 |
| CZRCAESARS ENTERTAINMENT INC NE | Added | +332.6% | $266.0M | $346.0M |
| BABOEING CO | Trimmed | -24.2% | -$264.1M | $828.0M |
A change is this filing measured against the one before it. A 13F does not disclose trades, so the price paid and the day it happened are not in the record.
Questions
What does Pentwater Capital Management hold?
Pentwater Capital Management disclosed 90 positions worth $16.4B in the Q2 2026 13F filing. The largest is EA at 16.9% of the disclosed book. A 13F lists long US equity positions only.
What did Pentwater Capital Management buy and sell last quarter?
Comparing the Q2 2026 filing with the quarter before, the largest moves were Trimmed SPY, Trimmed CAR, Trimmed CORZ, New ROKU. Changes are measured against the previous filing, not against trades, because a 13F does not disclose trades.
How current is this?
This is the Q2 2026 filing, covering positions held on Jun 30, 2026. A 13F is due 45 days after the quarter ends, so the most recent filing is always at least six weeks behind the market, and the manager may have changed the book since.
How to read a 13F
WHAT THE FILING COVERS
Positions are as disclosed to the SEC on Form 13F and are not investment advice. How this data is sourced, and what it cannot tell you, is on the methodology page.
Data as of Sep 10, 2026.