— Know what they know.
Not Investment Advice
Asset Manager ← All Institutions

Pentwater Capital Management LP

Q2 2025 · Filed 2025-08-14
Market Value
$7.7B
+9.2%
Holdings
75
New Purchases
18
Added To
26
Closed
18
Reduced
12
Top 10 Concentration
64.3%
Turnover
48.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BPMC 6.46% 0.00% +6.46% $500M
SKX 5.70% 0.00% +5.70% $442M
UNH 3.93% 0.00% +3.93% $304M
CAR 4.96% 2.48% +2.47% $384M
INFA 2.14% 0.00% +2.14% $166M
LBRDK 3.39% 1.33% +2.07% $263M
WGS 1.45% 0.04% +1.41% $113M
SGRY 2.01% 0.92% +1.09% $156M
FL 1.04% 0.00% +1.04% $81M
VERV 0.97% 0.00% +0.97% $75M
ESGR 1.92% 0.95% +0.97% $148M
COOP 0.89% 0.00% +0.89% $69M
TXNM 0.82% 0.00% +0.82% $63M
JNPR 7.35% 6.53% +0.82% $569M
DNB 0.96% 0.22% +0.73% $74M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
X 0.00% 11.48% -11.48% $0
ITCI 0.00% 9.65% -9.65% $0
SPY 1.83% 4.73% -2.90% $142M
BA 5.55% 7.88% -2.33% $430M
HEES 0.00% 2.21% -2.21% $0
NUE 0.74% 2.42% -1.67% $58M
JWN 0.00% 1.31% -1.31% $0
DFS 0.00% 1.23% -1.23% $0
PLYA 0.00% 0.84% -0.84% $0
CCK 0.04% 0.67% -0.63% $3M
STLD 1.01% 1.60% -0.60% $78M
FYBR 1.87% 2.28% -0.41% $145M
TGI 0.50% 0.82% -0.32% $39M
SWI 0.00% 0.31% -0.31% $0
ATSG 0.00% 0.23% -0.23% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 5 $448M 5.8%
Large Cap 22 $3.6B 47.0%
Mid Cap 31 $3.3B 42.3%
Small Cap 15 $379M 4.9%
Micro Cap 2 $2M 0.0%

Portfolio Analytics

Avg Market Cap
$66.3B
Median Market Cap
$7.5B
Avg P/E
41.1
Median P/E
28.6
Avg Dividend Yield
0.01%
Avg Beta
1.30
# Stocks
73
# ETFs / Funds
2

Top Holdings (75 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 HES 13.09% 7,320,000 $1.0B $138.54 $84M +1,500,000 +25.8%
2 K 9.15% 8,910,000 $709M $79.53 $49M +910,000 +11.4%
3 JNPR 7.35% 14,250,000 $569M $39.93 $106M +1,450,000 +11.3%
4 BPMC 6.46% 3,900,000 $500M $128.18 +3,900,000 NEW
5 SKX 5.70% 7,000,000 $442M $63.10 +7,000,000 NEW
6 BA 5.55% 2,050,000 $430M $209.53 -$129M -1,225,000 -37.4%
7 CAR 4.96% 2,270,000 $384M $169.05 $208M -50,000 -2.2%
8 SPR 4.41% 8,950,000 $341M $38.15 $20M -380,000 -4.1%
9 UNH 3.93% 975,000 $304M $311.97 +975,000 NEW
10 ANSS 3.70% 815,000 $286M $351.22 $74M +145,000 +21.6%
11 LBRDK 3.39% 2,672,000 $263M $98.38 $169M +1,564,000 +141.2%
12 VIAC 2.55% 15,300,000 $197M $12.90 $53M +3,200,000 +26.4%
13 AMED 2.18% 1,715,084 $169M $98.39 $44M +370,084 +27.5%
14 INFA 2.14% 6,821,000 $166M $24.35 +6,821,000 NEW
15 SGRY 2.01% 7,000,000 $156M $22.23 $90M +4,258,000 +155.3%
16 ESGR 1.92% 441,100 $148M $336.36 $81M +238,238 +117.4%
17 FYBR 1.87% 3,970,000 $145M $36.40 -$17M -530,000 -11.8%
18 SPY 1.83% 230,000 $142M $617.85 -$194M -370,000 -61.7%
19 CCL 1.51% 4,150,000 $117M $28.12 $43M +400,000 +10.7%
20 WGS 1.45% 1,220,000 $113M $92.31 $110M +1,188,000 +3712.5%
21 AZEK 1.45% 2,066,000 $112M $54.35 $37M +524,158 +34.0%
22 FL 1.04% 3,300,000 $81M $24.50 +3,300,000 NEW
23 STLD 1.01% 610,000 $78M $128.01 -$36M -300,000 -33.0%
24 GEO 1.00% 3,230,000 $77M $23.95 $42M +2,025,000 +168.1%
25 VERV 0.97% 6,720,000 $75M $11.23 +6,720,000 NEW
26 DNB 0.96% 8,150,000 $74M $9.09 $58M +6,373,254 +358.7%
27 COOP 0.89% 463,000 $69M $149.21 +463,000 NEW
28 TXNM 0.82% 1,126,000 $63M $56.32 +1,126,000 NEW
29 IPG 0.81% 2,557,000 $63M $24.48 -$959K +217,000 +9.3%
30 HCA 0.79% 160,000 $61M $383.10 $29M +67,500 +73.0%
31 NUE 0.74% 445,000 $58M $129.54 -$114M -980,000 -68.8%
32 BHF 0.66% 950,000 $51M $53.77 +950,000 NEW
33 SWTX 0.61% 1,000,000 $47M $46.99 $25M +500,000 +100.0%
34 GMS 0.56% 400,000 $44M $108.75 +400,000 NEW
35 TGI 0.50% 1,500,000 $39M $25.75 -$20M -800,135 -34.8%
36 CORZ 0.41% 1,865,000 $32M $17.07 +1,865,000 NEW
37 WBA 0.39% 2,600,000 $30M $11.48 $15M +1,296,807 +99.5%
38 IE 0.30% 2,595,000 $24M $9.07 $9M +39,159 +1.5%
39 KVUE 0.23% 860,000 $18M $20.93 $11M +560,000 +186.7%
40 LBRDA 0.21% 170,000 $17M $97.82 $6M +47,900 +39.2%
41 CYTK 0.13% 300,000 $10M $33.04 $1M +80,000 +36.4%
42 BRKL 0.09% 655,000 $7M $10.55 $148K +34,648 +5.6%
43 SIRI 0.07% 225,000 $5M $22.97 -$5M -225,000 -50.0%
44 TIC 0.04% 271,749 $3M $11.04 $2M +188,000 +224.5%
45 CCK 0.04% 27,979 $3M $102.98 -$44M -502,021 -94.7%
46 TECK 0.02% 40,000 $2M $40.38 -$1M -45,000 -52.9%
47 TELA 0.02% 815,000 $2M $1.94 $363K -183,755 -18.4%
48 PARAA 0.02% 61,938 $1M $22.95 $722K +31,188 +101.4%
49 TMUS 0.02% 5,000 $1M $238.26 +5,000 NEW
50 VOYG 0.01% 25,000 $981K $39.25 +25,000 NEW
51 INTC 0.01% 40,000 $896K $22.40 +40,000 NEW
52 PRTC 0.01% 50,000 $862K $17.25 $199K +16,440 +49.0%
53 VVX 0.01% 15,000 $728K $48.55 +15,000 NEW
54 HOLX 0.01% 10,000 $652K $65.16 +10,000 NEW
55 OMDA 0.01% 24,800 $454K $18.30 +24,800 NEW
56 SOC —% 10,000 $220K $21.98 +10,000 NEW
57 ESPR —% 181,290 $178K $0.98 -$83K
58 FNA —% -$12M -900,000 -100.0% SOLD
59 FTNT —% -$4M -37,000 -100.0% SOLD
60 GWRS —% -$361K -35,000 -100.0% SOLD
61 DFS —% -$87M -510,000 -100.0% SOLD
62 BECN —% -$13M -108,000 -100.0% SOLD
63 JWN —% -$93M -3,800,000 -100.0% SOLD
64 SWI —% -$22M -1,201,358 -100.0% SOLD
65 HEES —% -$156M -1,650,000 -100.0% SOLD
66 ATSG —% -$16M -732,755 -100.0% SOLD
67 DESP —% -$5M -250,000 -100.0% SOLD
68 ITCI —% -$685M -5,190,000 -100.0% SOLD
69 X —% -$814M -19,270,000 -100.0% SOLD
70 EWG —% -$927K -25,000 -100.0% SOLD
71 PLYA —% -$60M -4,480,000 -100.0% SOLD
72 TKO —% -$15M -100,000 -100.0% SOLD
73 AVGO —% -$2M -12,000 -100.0% SOLD
74 CRWV —% -$556K -15,000 -100.0% SOLD
75 CHX —% -$1M -50,000 -100.0% SOLD

Options Breakdown

13 Calls $356M Call Value 35 Puts $7.2B Put Value 20.26 P/C Ratio

Top Calls

SymbolSharesValueStatus
UNH 455,000 $142M NEW
CAR 680,000 $115M
SNPS 160,000 $82M NEW
CVX 100,000 $14M NEW
WGS 20,000 $2M NEW
INTC 50,000 $1M NEW
TALO 20,000 $170K NEW
STLD $0 SOLD
NUE $0 SOLD
X $0 SOLD

Top Puts

SymbolSharesValueStatus
SPY 6,060,000 $3.7B
BA 4,578,500 $959M
CAR 3,984,800 $674M
HES 2,750,000 $381M
CVX 2,305,000 $330M
UNH 965,000 $301M NEW
VIAC 11,044,000 $142M
ANSS 300,000 $105M
WGS 1,030,000 $95M
JNPR 2,350,100 $94M

New Positions

SymbolValue% Port
BPMC $500M 6.46%
SKX $442M 5.70%
UNH $304M 3.93%
INFA $166M 2.14%
FL $81M 1.04%
VERV $75M 0.97%
COOP $69M 0.89%
TXNM $63M 0.82%
BHF $51M 0.66%
GMS $44M 0.56%
CORZ $32M 0.41%
TMUS $1M 0.02%
VOYG $981K 0.01%
INTC $896K 0.01%
VVX $728K 0.01%

Sold Out Positions

SymbolValue% Port
TKO —%
CRWV —%
FTNT —%
GWRS —%
AVGO —%
EWG —%
HEES —%
DFS —%
BECN —%
SWI —%
CHX —%
ATSG —%
DESP —%
PLYA —%
FNA —%
View SEC EDGAR Filings for Pentwater Capital Management LP →

Sign in to InsiderStreet

You'll also get our free weekly newsletter with
smart money signals, market insights, and alpha ideas.
Unsubscribe anytime.

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