Institutional Manager · CIK 0001425851
Pentwater Capital Management LP
NAPLES, FL · File #028-12843
Latest AUM
$19.02B
Positions
77
Top-10 Concentration
67.8%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| ADD | ELECTRONIC ARTS INC | EA | +6,150,000 | +$1.26B | +$12.6M |
| ADD | UNITEDHEALTH GROUP INC | UNH | +2,735,000 | +$902.9M | -$1.5M |
| EXITED | KELLANOVA | 487836108 | -10,000,000 | -$820.2M | $0 |
| NEW | EXACT SCIENCES CORP | 30063P105 | +7,250,000 | +$736.3M | $0 |
| REDUCE | SPDR S&P 500 ETF TR | SPY | -835,000 | -$569.4M | +$49.1M |
| EXITED | VERONA PHARMA PLC | 925050106 | -5,300,000 | -$565.6M | $0 |
| ADD | AVIDITY BIOSCIENCES INC | 05370A108 | +6,006,500 | +$433.2M | +$571,200 |
| REDUCE | AVIS BUDGET GROUP | CAR | -3,242,500 | -$416.1M | -$142.1M |
| EXITED | SPIRIT AEROSYSTEMS HLDGS INC | 848574109 | -9,400,000 | -$362.8M | $0 |
| NEW | KIMBERLY-CLARK CORP | KMB | +3,420,000 | +$345.0M | $0 |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202577 pos · $19.02B
- 13F HOLDINGS REPORTQ/E Sep 2025110 pos · $17.88B
- 13F HOLDINGS REPORTQ/E Jun 202596 pos · $15.41B
- 13F HOLDINGS REPORTQ/E Mar 2025101 pos · $11.91B
- 13F HOLDINGS REPORTQ/E Dec 202492 pos · $9.06B
- 13F HOLDINGS REPORTQ/E Sep 202495 pos · $9.71B
- 13F HOLDINGS REPORTQ/E Jun 202494 pos · $7.80B
- 13F HOLDINGS REPORTQ/E Mar 202496 pos · $9.76B
- 13F HOLDINGS REPORTQ/E Dec 2023115 pos · $18.60B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | ELECTRONIC ARTS INC | EA | 10,950,000 | $2.24B | 11.86% |
| 2 | SPDR S&P 500 ETF TR | SPY | 2,285,000 | $1.56B | 8.26% |
| 3 | CYBERARK SOFTWARE LTD | M2682V108 | 3,425,000 | $1.53B | 8.10% |
| 4 | BOEING CO | BA-PA | 6,610,000 | $1.44B | 7.61% |
| 5 | WARNER BROS DISCOVERY INC | WBD | 46,075,000 | $1.33B | 7.04% |
| 6 | BOEING CO | BA-PA | 5,485,000 | $1.19B | 6.31% |
| 7 | KENVUE INC | KVUE | 56,720,600 | $978.4M | 5.19% |
| 8 | UNITEDHEALTH GROUP INC | UNH | 2,835,000 | $935.9M | 4.96% |
| 9 | NORFOLK SOUTHN CORP | 655844108 | 3,019,000 | $871.6M | 4.62% |
| 10 | EXACT SCIENCES CORP | 30063P105 | 7,250,000 | $736.3M | 3.90% |
| 11 | DAYFORCE INC | 15677J108 | 9,500,000 | $657.0M | 3.48% |
| 12 | AVIDITY BIOSCIENCES INC | 05370A108 | 6,026,500 | $434.7M | 2.30% |
| 13 | AVIS BUDGET GROUP | CAR | 3,101,400 | $398.0M | 2.11% |
| 14 | CORE SCIENTIFIC INC NEW | 21874A106 | 25,615,000 | $373.0M | 1.98% |
| 15 | KIMBERLY-CLARK CORP | KMB | 3,420,000 | $345.0M | 1.83% |
| 16 | HOLOGIC INC | HOLX | 4,247,500 | $316.4M | 1.68% |
| 17 | TECK RESOURCES LTD | TCKRF | 6,500,000 | $311.3M | 1.65% |
| 18 | CADENCE BANK | 12740C103 | 6,230,000 | $266.9M | 1.41% |
| 19 | DIGITALBRIDGE GROUP INC | DBRG-PJ | 11,500,000 | $176.4M | 0.94% |
| 20 | COMERICA INC | 200340107 | 2,000,000 | $173.9M | 0.92% |