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Asset Manager ← All Institutions

Pentwater Capital Management LP

Q1 2026 · Filed 2026-05-15
Market Value
$14.0B
+3.8%
Holdings
72
-3
New Purchases
29
Added To
21
Closed
15
Reduced
3
Top 10 Concentration
70.7%
Turnover
61.1%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CAR 7.32% 2.94% +4.38% $1.0B
MASI 4.03% 0.00% +4.03% $565M
SPY 2.69% 0.05% +2.64% $377M
ACLX 2.35% 0.00% +2.35% $330M
CNTA 2.31% 0.00% +2.31% $325M
EA 18.60% 16.55% +2.05% $2.6B
NFLX 2.12% 0.22% +1.89% $297M
APLS 1.50% 0.00% +1.50% $211M
CWAN 1.92% 0.46% +1.45% $269M
SATS 1.97% 0.57% +1.40% $276M
WBS 0.92% 0.00% +0.92% $130M
SLAB 0.74% 0.00% +0.74% $104M
CZR 0.50% 0.00% +0.50% $70M
GEO 1.15% 0.70% +0.45% $161M
TXNM 1.17% 0.72% +0.45% $164M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
CYBR 0.00% 11.30% -11.30% $0
EXAS 0.00% 5.45% -5.45% $0
DAY 0.00% 4.86% -4.86% $0
RNAM 0.00% 3.22% -3.22% $0
CMA 0.00% 1.29% -1.29% $0
CDTX 0.00% 0.92% -0.92% $0
KVUE 6.39% 7.24% -0.85% $896M
BA 10.03% 10.62% -0.59% $1.4B
HI 0.00% 0.42% -0.42% $0
TGNA 0.00% 0.25% -0.25% $0
PNFP 0.00% 0.21% -0.21% $0
CORZ 2.65% 2.76% -0.11% $372M
SHCO 0.00% 0.10% -0.10% $0
PSKY 0.26% 0.34% -0.08% $37M
SGRY 1.07% 1.14% -0.07% $151M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 5 $870M 6.2%
Large Cap 26 $8.6B 61.6%
Mid Cap 29 $4.4B 31.0%
Small Cap 11 $158M 1.1%
Micro Cap 1 $8M 0.1%

Portfolio Analytics

Avg Market Cap
$50.6B
Median Market Cap
$7.4B
Avg P/E
44.9
Median P/E
24.8
Avg Dividend Yield
0.01%
Avg Beta
1.43
# Stocks
68
# ETFs / Funds
4

Top Holdings (72 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 EA 18.60% 12,807,500 $2.6B $203.87 $374M +1,857,500 +17.0%
2 BA 10.03% 7,069,500 $1.4B $199.03 -$28M +459,500 +7.0%
3 WBD 9.83% 50,245,000 $1.4B $27.46 $52M +4,170,000 +9.1%
4 CAR 7.32% 7,048,300 $1.0B $145.85 $630M +3,946,900 +127.3%
5 NSC 6.58% 3,220,000 $924M $287.00 $52M +201,000 +6.7%
6 KVUE 6.39% 52,000,000 $896M $17.24 -$82M -4,720,600 -8.3%
7 MASI 4.03% 3,176,000 $565M $177.87 — +3,176,000 — NEW
8 SPY 2.69% 580,000 $377M $650.34 $370M +570,000 +5700.0%
9 CORZ 2.65% 24,852,000 $372M $14.96 -$1M -763,000 -3.0%
10 TECK 2.57% 6,960,000 $360M $51.75 $49M +460,000 +7.1%
11 HOLX 2.42% 4,500,224 $340M $75.59 $24M +252,724 +6.0%
12 ACLX 2.35% 2,870,000 $330M $114.82 — +2,870,000 — NEW
13 CNTA 2.31% 8,170,000 $325M $39.72 — +8,170,000 — NEW
14 NFLX 2.12% 3,088,000 $297M $96.15 $267M +2,768,000 +865.0%
15 SATS 1.97% 2,360,000 $276M $117.07 $199M +1,648,300 +231.6%
16 CWAN 1.92% 11,385,000 $269M $23.65 $207M +8,785,000 +337.9%
17 APLS 1.50% 5,250,000 $211M $40.23 — +5,250,000 — NEW
18 FOLD 1.44% 14,000,000 $202M $14.46 $39M +2,500,000 +21.7%
19 0YY7.L 1.29% 11,750,000 $181M $15.42 $5M +250,000 +2.2%
20 TXNM 1.17% 2,800,000 $164M $58.46 $66M +1,149,000 +69.6%
21 GEO 1.15% 9,565,000 $161M $16.81 $67M +3,717,300 +63.6%
22 CCL 1.12% 6,060,000 $157M $25.88 $23M +1,685,000 +38.5%
23 AL 1.11% 2,396,825 $156M $64.94 $12M +156,825 +7.0%
24 SGRY 1.07% 12,655,000 $151M $11.92 -$4M +2,655,000 +26.6%
25 UNH 0.99% 512,000 $139M $270.59 $8M +117,000 +29.6%
26 WBS 0.92% 1,866,090 $130M $69.42 — +1,866,090 — NEW
27 LBRDK 0.89% 2,493,644 $125M $50.30 $4M — —
28 SLAB 0.74% 500,000 $104M $208.15 — +500,000 — NEW
29 CZR 0.50% 2,650,000 $70M $26.43 — +2,650,000 — NEW
30 UAL 0.33% 500,000 $46M $92.07 — +500,000 — NEW
31 OS 0.32% 1,890,000 $45M $24.00 — +1,890,000 — NEW
32 PSKY 0.26% 4,100,000 $37M $9.02 -$9M +649,500 +18.8%
33 HCA 0.25% 75,000 $35M $473.24 — +75,000 — NEW
34 QQQ 0.25% 60,000 $35M $577.18 — +60,000 — NEW
35 THC 0.17% 125,000 $24M $188.71 — +125,000 — NEW
36 ORCL 0.16% 155,000 $23M $147.11 — +155,000 — NEW
37 DAWN 0.12% 800,000 $17M $21.44 — +800,000 — NEW
38 GPCR 0.08% 245,000 $12M $48.20 — +245,000 — NEW
39 LBRDA 0.06% 170,000 $9M $50.22 $330K — —
40 RNA 0.06% 602,649 $8M $13.37 — +602,649 — NEW
41 KWEB 0.05% 250,000 $7M $28.43 — +250,000 — NEW
42 AES 0.05% 500,000 $7M $14.09 — +500,000 — NEW
43 FPS 0.03% 160,000 $5M $29.27 — +160,000 — NEW
44 UPS 0.03% 45,000 $4M $98.38 — +45,000 — NEW
45 AXL 0.02% 519,790 $3M $5.93 — +519,790 — NEW
46 MDLN 0.02% 50,000 $2M $44.50 — +50,000 — NEW
47 CTLP 0.02% 200,000 $2M $10.81 — +200,000 — NEW
48 PRTC 0.01% 70,000 $1M $14.86 -$125K — —
49 CXW 0.01% 50,000 $946K $18.91 — +50,000 — NEW
50 XOVR 0.01% 46,000 $777K $16.89 — +46,000 — NEW
51 CRWV 0.01% 9,500 $736K $77.47 -$8M -110,500 -92.1%
52 FRMI 0.01% 125,000 $730K $5.84 $130K +50,000 +66.7%
53 RDDT —% 5,000 $673K $134.65 — +5,000 — NEW
54 GLXY —% 20,000 $369K $18.45 — +20,000 — NEW
55 KTOS —% 5,000 $353K $70.51 — +5,000 — NEW
56 CIFR —% 15,000 $193K $12.87 — +15,000 — NEW
57 WYFI —% 10,000 $119K $11.91 -$39K — —
58 CYBR —% — — — -$1.5B -3,425,000 -100.0% SOLD
59 RNAM —% — — — -$435M -6,026,500 -100.0% SOLD
60 TGNA —% — — — -$34M -1,750,000 -100.0% SOLD
61 HI —% — — — -$57M -1,800,000 -100.0% SOLD
62 PNFP —% — — — -$29M -300,000 -100.0% SOLD
63 EXAS —% — — — -$736M -7,250,000 -100.0% SOLD
64 TDAY —% — — — -$7M -1,400,000 -100.0% SOLD
65 SBET —% — — — -$179K -20,000 -100.0% SOLD
66 CDTX —% — — — -$125M -565,000 -100.0% SOLD
67 CMA —% — — — -$174M -2,000,000 -100.0% SOLD
68 HOUS —% — — — -$5M -350,000 -100.0% SOLD
69 SHCO —% — — — -$13M -1,476,000 -100.0% SOLD
70 PTGX —% — — — -$4M -50,000 -100.0% SOLD
71 DAY —% — — — -$657M -9,500,000 -100.0% SOLD
72 WGS —% — — — -$7M -50,000 -100.0% SOLD

Options Breakdown

17 Calls $1.1B Call Value 27 Puts $4.1B Put Value 3.57 P/C Ratio

Top Calls

SymbolSharesValueStatus
UNH 2,840,000 $768M
NFLX 1,280,000 $123M
CAR 775,800 $113M
KVUE 3,100,000 $53M
CORZ 3,200,000 $48M
CCL 500,000 $13M NEW
BA 50,000 $10M NEW
SATS 50,000 $6M NEW
SPY 5,000 $3M NEW
GEO 50,000 $840K NEW

Top Puts

SymbolSharesValueStatus
SPY 3,007,500 $2.0B
BA 5,045,000 $1.0B
NFLX 3,360,000 $323M
UNH 645,000 $175M NEW
WBD 4,871,900 $134M
QQQ 170,000 $98M NEW
CORZ 5,800,000 $87M
CCL 3,175,000 $82M
UAL 530,000 $49M NEW
PSKY 3,700,000 $33M

New Positions

SymbolValue% Port
MASI $565M 4.03%
ACLX $330M 2.35%
CNTA $325M 2.31%
APLS $211M 1.50%
WBS $130M 0.92%
SLAB $104M 0.74%
CZR $70M 0.50%
UAL $46M 0.33%
OS $45M 0.32%
HCA $35M 0.25%
QQQ $35M 0.25%
THC $24M 0.17%
ORCL $23M 0.16%
DAWN $17M 0.12%
GPCR $12M 0.08%

Sold Out Positions

SymbolValue% Port
TDAY — —%
PNFP — —%
SBET — —%
PTGX — —%
WGS — —%
RNAM — —%
EXAS — —%
CYBR — —%
TGNA — —%
SHCO — —%
DAY — —%
HI — —%
CMA — —%
HOUS — —%
CDTX — —%
View SEC EDGAR Filings for Pentwater Capital Management LP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms