Funds › Pentwater Capital Management LPPentwater Capital Management LP 13F holdings, Q2 2026 Pentwater Capital Management LP disclosed 59 US equity positions worth $12.5bn in its Q2 2026 13F filing. Its largest position is EA at 22.1% of the reported book, followed by BA and WBD. Versus Q1 2026 it opened 28 new positions, added to 10, reduced 15 and exited 29.
$12.5bn Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
59 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
22.1% Largest position The largest single position as a share of the reported equity book.
74.3% Top 10 weight The ten largest positions together, as a share of the reported equity book.
11 Effective positions 1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
75 Quarters on file since Q4 2007 Quarters for which this manager's 13F holdings are on record. Holdings Against Q1 2026: 28 new , 10 added , 15 reduced , 29 exited
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Stock Sector Weight Value Shares Δ shares Action EA ELECTRONIC ARTS INC Communication Services 22.1% $2.8bn 13.47m +5.2% added BA BOEING CO Industrials 10.7% $1.3bn 6.20m −12% reduced WBD WARNER BROS DISCOVERY INC Communication Services 10.1% $1.3bn 47.58m −5.3% reduced KVUE KENVUE INC Consumer Defensive 7.8% $977m 51.13m −1.7% reduced NSC NORFOLK SOUTHERN CORP Industrials 7.0% $873m 2.77m −14% reduced ROKU ROKU INC Communication Services 4.8% $597m 4.33m – new ECHO ECHOSTAR CORP Communication Services 3.1% $392m 3.86m +64% added CAR AVIS BUDGET GROUP INC Industrials 3.0% $372m 2.51m −64% reduced TXNM TXNM ENERGY INC Utilities 2.9% $368m 6.49m +132% added TECK TECK RESOURCES LTD Basic Materials 2.8% $354m 5.96m −14% reduced CZR CAESARS ENTERTAINMENT INC NE Consumer Cyclical 2.8% $346m 11.46m +333% added GEO GEO GROUP INC Industrials 2.5% $313m 10.58m +11% added OGN ORGANON & CO Healthcare 2.0% $245m 18.10m – new D DOMINION ENERGY INC Utilities 1.9% $239m 3.50m – new DBRG DIGITALBRIDGE GROUP INC Financial Services 1.6% $199m 12.60m +7.2% added SGRY SURGERY PARTNERS INC Healthcare 1.6% $195m 11.63m −8.1% reduced APGE APOGEE THERAPEUTICS INC Healthcare 1.5% $189m 1.43m – new CCL CARNIVAL CORP LTD Consumer Cyclical 1.3% $163m 5.71m −5.9% reduced SLAB SILICON LABORATORIES INC Technology 1.3% $162m 741,725 +48% added NUVLEUR NUVALENT INC – 1.2% $145m 1.18m – new THC TENET HEALTHCARE CORP Healthcare 1.1% $143m 765,000 +512% added PSKY PARAMOUNT SKYDANCE CORP Communication Services 0.9% $118m 12.00m +193% added GSAT GLOBALSTAR INC Communication Services 0.9% $110m 1.35m – new ACA ARCOSA INC Industrials 0.8% $95.9m 660,000 – new 8L8C LIBERTY BROADBAND CORP – 0.7% $82.9m 2.49m 0.0% held PAYO PAYONEER GLOBAL INC Technology 0.6% $70.4m 9.89m – new SKYT SKYWATER TECHNOLOGY INC – 0.5% $62.9m 1.81m – new HCA HCA HEALTHCARE INC Healthcare 0.4% $50.7m 130,000 +73% added SPCX SPACE EXPLORATION TECHN CORP Industrials 0.3% $39.3m 230,000 – new TECH BIO-TECHNE CORP Healthcare 0.3% $35.3m 500,000 – new SPY SPDR S&P 500 ETF Trust – 0.2% $29.9m 40,000 −93% reduced AXALTA COATING SYS LTD no ticker – 0.2% $25.9m 756,762 – new MU MICRON TECHNOLOGY INC Technology 0.2% $20.8m 18,000 – new 8HH AVANOS MED INC – 0.1% $18.7m 750,000 – new CORZ CORE SCIENTIFIC INC NEW Technology 0.1% $13.7m 536,594 −98% reduced ORCL ORACLE CORP Technology 0.1% $13.2m 90,000 −42% reduced SINDA LTD no ticker – 0.08% $9.6m 800,000 – new HUM HUMANA INC Healthcare 0.06% $7.5m 19,000 – new UNH UNITEDHEALTH GROUP INC Healthcare 0.06% $7.4m 17,758 −97% reduced AES AES CORP Utilities 0.06% $7.3m 500,000 0.0% held METALS RTY CO INC no ticker – 0.05% $6.6m 919,230 – new KWEB KRANESHARES TRUST – 0.05% $6.1m 250,000 0.0% held SUNSHINE SILVER MNG & REFNG no ticker – 0.05% $5.8m 439,400 – new WGS GENEDX HOLDINGS CORP Healthcare 0.05% $5.7m 82,500 – new LBRDAEUR LIBERTY BROADBAND CORP – 0.05% $5.7m 170,000 0.0% held AMC AMC ENTMT HLDGS INC Communication Services 0.03% $4.3m 2.25m −76% reduced FPS FORGENT POWER SOLUTIONS INC Industrials 0.03% $3.6m 65,000 −59% reduced DCH DAUCH CORP Consumer Cyclical 0.02% $2.8m 519,790 0.0% held SYNA SYNAPTICS INC Technology 0.02% $2.5m 20,000 – new SEAPORT THERAPEUTICS INC no ticker – 0.01% $1.8m 83,000 – new
Exited since Q1 2026 Sector mix Communication Services 42.0% Industrials 24.3% Consumer Defensive 7.8% Healthcare 7.0% Utilities 4.9% Consumer Cyclical 4.1% Unclassified 3.2% Basic Materials 2.8% Technology 2.3% Financial Services 1.6% Book over time Every quarter on file (75) Where Pentwater Capital Management LP was early Concentration and tenure
17.9% Median largest position, all quarters The largest single position as a share of the reported equity book.
76.3% Median top 10 weight, all quarters The ten largest positions together, as a share of the reported equity book.
Concentrated Style, by median largest position
1 Median completed holding, quarters