Pentwater Capital Management LP
Pentwater Capital Management LP reported 59 US-listed holdings worth $12.52 billion in its 13F for the quarter ended 30 June 2026, filed 14 August 2026. Its largest: Electronic Arts Inc (22.1%), Boeing Co. (10.7%) and Warner Bros. Discovery, Inc. (10.1%). Against the quarter before, it opened 29 positions, added to 10, trimmed 14 and sold out of 30.
Reported holdings$12.52B-11.0% on Q1 2026
Positions59-1 on Q1 2026
The largest ten74.3%of its reported holdings
Latest 13FQ2 2026filed 14 August 2026
OpenedAdded toTrimmed
The 14 largest of its 59 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.
What the fund reported holding at each quarter's end; hover a bar for the number of positions
What it did on the quarter
Opened 29Added 10Held 6Trimmed 14Sold out 30
Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held
Opened 29
- Roku, Inc. ROKU$597.5 million
- Organon & Co. OGN$245.1 million
- Dominion Energy, Inc. D$239.0 million
- Apogee Therapeutics Inc. APGE$189.1 million
- Carnival Corp. Ltd. CCL$163.0 million
- Nuvalent Inc. NUVL$145.1 million
- Globalstar Inc. Com New GSAT$110.1 million
- Arcosa, Inc. ACA$95.9 million
and 21 more in the table below
Added to 10
- Caesars Entertainment, Inc. CZR+8.8 million shares · +333%
- Txnm Energy Inc. TXNM+3.7 million shares · +132%
- EchoStar Corp. ECHO+1.5 million shares · +64%
- Electronic Arts Inc EA+667,500 shares · +5%
- Tenet Healthcare Corp. THC+640,000 shares · +512%
- Skydance Corp. PSKY+7.9 million shares · +193%
- Silicon Laboratories Inc. SLAB+241,725 shares · +48%
- GEO Group Inc. GEO+1.0 million shares · +11%
and 2 more in the table below
Trimmed 14
- Avis Budget Group, Inc. CAR-4.5 million shares · -64%
- Core Scientific Inc. New CORZ-24.3 million shares · -98%
- SPDR S&P 500 SPY-540,000 shares · -93%
- UnitedHealth Group Inc. UNH-494,242 shares · -97%
- Boeing Co. BA-869,500 shares · -12%
- Norfolk Southern Corp. NSC-445,000 shares · -14%
- Warner Bros. Discovery, Inc. WBD-2.7 million shares · -5%
- Teck Resources Ltd TECK-1.0 million shares · -14%
and 6 more in the table below
Sold out of 30
- Masimo Corp. MASI$564.9 million last quarter
- Hologic Inc. HOLX$340.2 million last quarter
- Arcellx Inc. ACLX$329.5 million last quarter
- Centessa Pharmaceuticals PLC CNTA$324.5 million last quarter
- Netflix Inc. NFLX$296.9 million last quarter
- Clearwater Analytics Hldgs I CWAN$269.3 million last quarter
- Apellis Pharmaceuticals Inc. APLS$211.2 million last quarter
- Amicus Therapeutics Inc. FOLD$202.4 million last quarter
What it holds
| Company | Shares | Value | Of its book | Change in shares |
|---|---|---|---|---|
| Electronic Arts Inc EA | 13,475,000 | $2.76 billion | 22.07% | +667,500 |
| Boeing Co. BA | 6,200,000 | $1.34 billion | 10.72% | -869,500 |
| Warner Bros. Discovery, Inc. WBD | 47,576,000 | $1.27 billion | 10.13% | -2,669,000 |
| Kenvue Inc. KVUE | 51,130,000 | $977.1 million | 7.80% | -870,000 |
| Norfolk Southern Corp. NSC | 2,775,000 | $873.0 million | 6.97% | -445,000 |
| Roku, Inc. ROKU | 4,325,000 | $597.5 million | 4.77% | new |
| EchoStar Corp. ECHO | 3,860,000 | $391.8 million | 3.13% | +1,500,000 |
| Avis Budget Group, Inc. CAR | 2,513,300 | $371.5 million | 2.97% | -4,535,000 |
| Txnm Energy Inc. TXNM | 6,487,500 | $368.4 million | 2.94% | +3,687,500 |
| Teck Resources Ltd TECK | 5,960,000 | $354.4 million | 2.83% | -1,000,000 |
| Caesars Entertainment, Inc. CZR | 11,465,000 | $346.0 million | 2.76% | +8,815,000 |
| GEO Group Inc. GEO | 10,582,000 | $312.7 million | 2.50% | +1,017,000 |
| Organon & Co. OGN | 18,100,000 | $245.1 million | 1.96% | new |
| Dominion Energy, Inc. D | 3,500,000 | $239.0 million | 1.91% | new |
| Digitalbridge Group Inc. DBRG | 12,600,000 | $198.8 million | 1.59% | +850,000 |
| Surgery Partners Inc. SGRY | 11,630,000 | $195.4 million | 1.56% | -1,025,000 |
| Apogee Therapeutics Inc. APGE | 1,425,000 | $189.1 million | 1.51% | new |
| Carnival Corp. Ltd. CCL | 5,705,000 | $163.0 million | 1.30% | new |
| Silicon Laboratories Inc. SLAB | 741,725 | $162.1 million | 1.29% | +241,725 |
| Nuvalent Inc. NUVL | 1,175,000 | $145.1 million | 1.16% | new |
| Tenet Healthcare Corp. THC | 765,000 | $143.1 million | 1.14% | +640,000 |
| Skydance Corp. PSKY | 12,000,000 | $118.3 million | 0.95% | +7,900,000 |
| Globalstar Inc. Com New GSAT | 1,355,000 | $110.1 million | 0.88% | new |
| Arcosa, Inc. ACA | 660,000 | $95.9 million | 0.77% | new |
| Liberty Broadband Corp. LBRDK | 2,493,644 | $82.9 million | 0.66% | no change |
| Payoneer Global Inc. PAYO | 9,888,410 | $70.4 million | 0.56% | new |
| Skywater Technology Inc. SKYT | 1,807,000 | $62.9 million | 0.50% | new |
| HCA Healthcare, Inc. HCA | 130,000 | $50.7 million | 0.40% | +55,000 |
| Space Exploration Techn Corp. Class A Com STK SPCX | 230,000 | $39.3 million | 0.31% | new |
| Bio-Techne Corp. TECH | 500,000 | $35.3 million | 0.28% | new |
| SPDR S&P 500 SPY | 40,000 | $29.9 million | 0.24% | -540,000 |
| Axalta Coating Systems Ltd. AXTA | 756,762 | $25.9 million | 0.21% | new |
| Micron Technology Inc. MU | 18,000 | $20.8 million | 0.17% | new |
| Avanos Med Inc. AVNS | 750,000 | $18.7 million | 0.15% | new |
| Core Scientific Inc. New CORZ | 536,594 | $13.7 million | 0.11% | -24,315,406 |
| Oracle Corp. ORCL | 90,000 | $13.2 million | 0.11% | -65,000 |
| Sinda Ltd SIND | 800,000 | $9.6 million | 0.08% | new |
| Humana Inc. HUM | 19,000 | $7.5 million | 0.06% | new |
| UnitedHealth Group Inc. UNH | 17,758 | $7.4 million | 0.06% | -494,242 |
| AES Corp. AES | 500,000 | $7.3 million | 0.06% | no change |
| Metals Rty Co. Inc. TMCR | 919,230 | $6.6 million | 0.05% | new |
| KraneShares Trust KWEB | 250,000 | $6.1 million | 0.05% | no change |
| Sunshine Silver MNG & Refng SSMR | 439,400 | $5.8 million | 0.05% | new |
| Genedx Holdings Corp. WGS | 82,500 | $5.7 million | 0.05% | new |
| Liberty Broadband Corp. LBRDA | 170,000 | $5.7 million | 0.05% | no change |
| Amc Entmt Hldgs Inc. AMC | 2,250,000 | $4.3 million | 0.03% | -7,120,686 |
| Forgent Power Solutions Inc FPS | 65,000 | $3.6 million | 0.03% | -95,000 |
| Dauch Corp. DCH | 519,790 | $2.8 million | 0.02% | no change |
| Synaptics Inc. SYNA | 20,000 | $2.5 million | 0.02% | new |
| Seaport Therapeutics Inc. SPTX | 83,000 | $1.8 million | 0.01% | new |
| Constellation Energy Corp. CEG | 7,000 | $1.7 million | 0.01% | new |
| CoreCivic, Inc. CXW | 50,000 | $1.5 million | 0.01% | no change |
| Karman Holdings Inc. KRMN | 25,000 | $1.2 million | 0.01% | new |
| Medline Inc. MDLN | 30,000 | $1.2 million | 0.01% | -20,000 |
| Cerebras Systems Inc. Com Class A CBRS | 5,000 | $1.1 million | 0.01% | new |
| Nyxoah S A NYXH | 600,000 | $1.0 million | 0.01% | new |
| Erock Inc Class Class A EROC | 60,000 | $870,000 | 0.01% | new |
| Taylor Morrison Home Corp. TMHC | 5,000 | $358,700 | 0.00% | new |
| Allied Gold Corp. AAUC | 10,000 | $237,257 | 0.00% | new |
Every US-listed position in the fund's 13F for the quarter ended 30 June 2026, by the value it reported.
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Change is shares against its 13F for the quarter before; the 30 it sold out of are in the box above.Options it reported
| Company | Option | Shares under the options | Value of those shares |
|---|---|---|---|
| SPDR S&P 500 SPY | Puts | 1,422,500 | $1.06 billion |
| Boeing Co. BA | Puts | 3,825,000 | $828.0 million |
| UnitedHealth Group Inc. UNH | Calls | 1,870,000 | $777.2 million |
| UnitedHealth Group Inc. UNH | Puts | 331,700 | $137.9 million |
| Warner Bros. Discovery, Inc. WBD | Puts | 4,821,900 | $128.6 million |
| Space Exploration Techn Corp. Class A Com STK SPCX | Puts | 640,000 | $109.4 million |
| Skydance Corp. PSKY | Puts | 9,950,000 | $98.1 million |
| Boeing Co. BA | Calls | 400,000 | $86.6 million |
| Micron Technology Inc. MU | Calls | 74,000 | $85.4 million |
| Carnival Corp. Ltd. CCL | Puts | 2,950,000 | $84.3 million |
| EchoStar Corp. ECHO | Puts | 720,000 | $73.1 million |
| Micron Technology Inc. MU | Puts | 59,000 | $68.1 million |
| Humana Inc. HUM | Calls | 100,000 | $39.7 million |
| Core Scientific Inc. New CORZ | Puts | 1,300,000 | $33.3 million |
| Norfolk Southern Corp. NSC | Puts | 103,300 | $32.5 million |
| Invesco QQQ Trust QQQ | Puts | 40,000 | $29.5 million |
| Ionq Inc. Com IONQ | Puts | 526,800 | $28.1 million |
| Tenet Healthcare Corp. THC | Puts | 120,000 | $22.4 million |
| Core Scientific Inc. New CORZ | Calls | 800,000 | $20.5 million |
| iShares Trust EWU | Puts | 400,000 | $18.5 million |
| HCA Healthcare, Inc. HCA | Puts | 35,000 | $13.6 million |
| iShares Inc. MSCI Germany ETF EWG | Puts | 300,000 | $12.4 million |
| EchoStar Corp. ECHO | Calls | 120,000 | $12.2 million |
| Humana Inc. HUM | Puts | 20,000 | $7.9 million |
| Oracle Corp. ORCL | Puts | 50,000 | $7.3 million |
| iShares, Inc. - iShares MSCI Australia ETF EWA | Puts | 150,000 | $4.2 million |
| Global X FDS COPX | Puts | 50,000 | $3.8 million |
| Vaneck ETF Trust GDX | Puts | 50,000 | $3.8 million |
| Warner Bros. Discovery, Inc. WBD | Calls | 42,500 | $1.1 million |
| Medline Inc. MDLN | Calls | 20,000 | $788,800 |
| Medline Inc. MDLN | Puts | 15,000 | $591,600 |
31 option lines. A 13F lists calls and puts by the shares they cover and what those shares were worth at the quarter's end, not what the options cost; they are not counted in the holdings above.