Pentwater Capital Management 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
Pentwater Capital Management disclosed 64 US equity positions worth $7.8bn in its Q2 2025 13F filing. The largest position was HES at 12.9% of the reported book, followed by KEL and JNP. Against the Q1 2025 filing, it opened 12 new positions, added to 25 and reduced 12 among the top 50 holdings.
What did Pentwater Capital Management own in Q2 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | HES HESS CORP | 12.9% | $1.0bn | 7,320,000 | 26% | added | |
| 2 | KEL KELLANOVA | 9.0% | $708.6m | 8,910,000 | 11% | added | |
| 3 | JNP JUNIPER NETWORKS INC | 7.3% | $569.0m | 14,250,000 | 11% | added | |
| 4 | 2655787D BLUEPRINT MEDICINES CORP | 6.4% | $499.9m | 3,900,000 | – | new | |
| 5 | SKAA SKECHERS U S A INC | 5.6% | $441.7m | 7,000,000 | – | new | |
| 6 | BA BOEING CO | Industrials | 5.5% | $429.5m | 2,050,000 | -37% | reduced |
| 7 | CAR AVIS BUDGET GROUP | Industrials | 4.9% | $383.7m | 2,270,000 | -2% | reduced |
| 8 | S9Q SPIRIT AEROSYSTEMS HLDGS INC | 4.4% | $341.4m | 8,950,000 | -4% | reduced | |
| 9 | UNH UNITEDHEALTH GROUP INC | Healthcare | 3.9% | $304.2m | 975,000 | – | new |
| 10 | AKX ANSYS INC | 3.7% | $286.2m | 815,000 | 22% | added | |
| 11 | 8L8C LIBERTY BROADBAND CORP | 3.4% | $262.9m | 2,672,000 | 141% | added | |
| 12 | 0VVB PARAMOUNT GLOBAL | 2.5% | $197.4m | 15,300,000 | 26% | added | |
| 13 | AMED AMEDISYS INC | 2.2% | $168.7m | 1,715,084 | 28% | added | |
| 14 | INFORMATICA INC | 2.1% | $166.1m | 6,821,000 | – | new | |
| 15 | SGRY SURGERY PARTNERS INC | Healthcare | 2.0% | $155.6m | 7,000,000 | 155% | added |
| 16 | ENSTAR GROUP LIMITED | 1.9% | $148.4m | 441,100 | 117% | added | |
| 17 | FYBR FRONTIER COMMUNICATIONS PARE | 1.8% | $144.5m | 3,970,000 | -12% | reduced | |
| 18 | SPY SPDR S&P 500 ETF TR | 1.8% | $142.1m | 230,000 | -62% | reduced | |
| 19 | CCL CARNIVAL CORP | Consumer Cyclical | 1.5% | $116.7m | 4,150,000 | 11% | added |
| 20 | WGS GENEDX HOLDINGS CORP | Healthcare | 1.4% | $112.6m | 1,220,000 | 3712% | added |
| 21 | AZEK AZEK CO INC | 1.4% | $112.3m | 2,066,000 | 34% | added | |
| 22 | WOO FOOT LOCKER INC | 1.0% | $80.8m | 3,300,000 | – | new | |
| 23 | STLD STEEL DYNAMICS INC | Basic Materials | 1.0% | $78.1m | 610,000 | -33% | reduced |
| 24 | GEO GEO GROUP INC NEW | Industrials | 1.0% | $77.4m | 3,230,000 | 168% | added |
| 25 | VERVE THERAPEUTICS INC | 1.0% | $75.5m | 6,720,000 | – | new | |
| 26 | DUN & BRADSTREET HLDGS INC | 0.9% | $74.1m | 8,150,000 | 359% | added | |
| 27 | 07WA MR COOPER GROUP INC | 0.9% | $69.1m | 463,000 | – | new | |
| 28 | TXNM TXNM ENERGY INC | Utilities | 0.8% | $63.4m | 1,126,000 | – | new |
| 29 | IPG INTERPUBLIC GROUP COS INC | 0.8% | $62.6m | 2,557,000 | 9% | added | |
| 30 | HCA HCA HEALTHCARE INC | Healthcare | 0.8% | $61.3m | 160,000 | 73% | added |
| 31 | LIBERTY MEDIA CORP DEL | 0.8% | $60.4m | 760,000 | 24% | added | |
| 32 | NUE NUCOR CORP | Basic Materials | 0.7% | $57.6m | 445,000 | -69% | reduced |
| 33 | BHF BRIGHTHOUSE FINL INC | Financial Services | 0.7% | $51.1m | 950,000 | – | new |
| 34 | SPRINGWORKS THERAPEUTICS INC | 0.6% | $47.0m | 1,000,000 | 100% | added | |
| 35 | GMS INC | 0.6% | $43.5m | 400,000 | – | new | |
| 36 | TG7 TRIUMPH GROUP INC | 0.5% | $38.6m | 1,500,000 | -35% | reduced | |
| 37 | CORZ CORE SCIENTIFIC INC NEW | Technology | 0.4% | $31.8m | 1,865,000 | – | new |
| 38 | WBA WALGREENS BOOTS ALLIANCE INC | 0.4% | $29.8m | 2,600,000 | 100% | added | |
| 39 | IE IVANHOE ELECTRIC INC | 0.3% | $23.5m | 2,595,000 | 2% | added | |
| 40 | KVUE KENVUE INC | Consumer Defensive | 0.2% | $18.0m | 860,000 | 187% | added |
| 41 | LIBERTY BROADBAND CORP | 0.2% | $16.6m | 170,000 | 39% | added | |
| 42 | SITIO ROYALTIES CORP | 0.2% | $14.2m | 773,000 | – | new | |
| 43 | ESPERION THERAPEUTICS INC NE | 0.1% | $10.7m | 10,861,000 | 0% | held | |
| 44 | CYTK CYTOKINETICS INC | Healthcare | 0.1% | $9.9m | 300,000 | 36% | added |
| 45 | BB3 BROOKLINE BANCORP INC DEL | 0.1% | $6.9m | 655,000 | 6% | added | |
| 46 | SIRI SIRIUSXM HOLDINGS INC | 0.1% | $5.2m | 225,000 | -50% | reduced | |
| 47 | BATRK ATLANTA BRAVES HLDGS INC | Communication Services | 0.1% | $4.2m | 90,000 | -49% | reduced |
| 48 | ACUREN CORP | 0.0% | $3.0m | 271,749 | 224% | added | |
| 49 | CCK CROWN HLDGS INC | Consumer Cyclical | 0.0% | $2.9m | 27,979 | -95% | reduced |
| 50 | DIVERSIFIED ENERGY COMPANY P | 0.0% | $2.2m | 150,000 | -38% | reduced |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.