Pentwater Capital Management 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Pentwater Capital Management disclosed 47 US equity positions worth $13.8bn in its Q4 2025 13F filing. The largest position was EA at 16.2% of the reported book, followed by CYBERARK SOFTWARE LTD and BA. Against the Q3 2025 filing, it opened 18 new positions, added to 16 and reduced 10 among the top 47 holdings.
What did Pentwater Capital Management own in Q4 2025? Top 47 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | EA ELECTRONIC ARTS INC | Communication Services | 16.2% | $2.2bn | 10,950,000 | 128% | added |
| 2 | CYBERARK SOFTWARE LTD | 11.1% | $1.5bn | 3,425,000 | -7% | reduced | |
| 3 | BA BOEING CO | Industrials | 10.4% | $1.4bn | 6,610,000 | 165% | added |
| 4 | WBD WARNER BROS DISCOVERY INC | Communication Services | 9.6% | $1.3bn | 46,075,000 | 70% | added |
| 5 | KVUE KENVUE INC | Consumer Defensive | 7.1% | $978.4m | 56,720,600 | 169% | added |
| 6 | NSC NORFOLK SOUTHN CORP | Industrials | 6.3% | $871.6m | 3,019,000 | 10% | added |
| 7 | EXK EXACT SCIENCES CORP | Basic Materials | 5.3% | $736.3m | 7,250,000 | – | new |
| 8 | DAY DAYFORCE INC | 4.8% | $657.0m | 9,500,000 | 73% | added | |
| 9 | AVIDITY BIOSCIENCES INC | 3.1% | $434.7m | 6,026,500 | – | new | |
| 10 | CAR AVIS BUDGET GROUP | Industrials | 2.9% | $398.0m | 3,101,400 | -2% | reduced |
| 11 | CORZ CORE SCIENTIFIC INC NEW | Technology | 2.7% | $373.0m | 25,615,000 | 6% | added |
| 12 | HO1 HOLOGIC INC | 2.3% | $316.4m | 4,247,500 | – | new | |
| 13 | TECK TECK RESOURCES LTD | Basic Materials | 2.3% | $311.3m | 6,500,000 | 124% | added |
| 14 | CADENCE BANK | 1.9% | $266.9m | 6,230,000 | – | new | |
| 15 | DBRG DIGITALBRIDGE GROUP INC | Financial Services | 1.3% | $176.4m | 11,500,000 | – | new |
| 16 | CMA COMERICA INC | 1.3% | $173.9m | 2,000,000 | – | new | |
| 17 | AM6 AMICUS THERAPEUTICS INC | 1.2% | $163.8m | 11,500,000 | – | new | |
| 18 | SGRY SURGERY PARTNERS INC | Healthcare | 1.1% | $154.5m | 10,000,000 | -14% | reduced |
| 19 | AIR LEASE CORP | 1.0% | $143.9m | 2,240,000 | 2% | added | |
| 20 | CCL CARNIVAL CORP | Consumer Cyclical | 1.0% | $133.6m | 4,375,000 | 2% | added |
| 21 | UNH UNITEDHEALTH GROUP INC | Healthcare | 0.9% | $130.4m | 395,000 | 98% | added |
| 22 | CDTX CIDARA THERAPEUTICS INC | 0.9% | $124.8m | 565,000 | – | new | |
| 23 | 8L8C LIBERTY BROADBAND CORP | 0.9% | $121.2m | 2,493,644 | -7% | reduced | |
| 24 | TXNM TXNM ENERGY INC | Utilities | 0.7% | $97.2m | 1,651,000 | 39% | added |
| 25 | GEO GEO GROUP INC NEW | Industrials | 0.7% | $94.3m | 5,847,700 | 13% | added |
| 26 | ECHO ECHOSTAR CORP | Communication Services | 0.6% | $77.4m | 711,700 | 11% | added |
| 27 | CWAN CLEARWATER ANALYTICS HLDGS I | Technology | 0.5% | $62.7m | 2,600,000 | – | new |
| 28 | 9HI HILLENBRAND INC | 0.4% | $57.1m | 1,800,000 | – | new | |
| 29 | PSKY PARAMOUNT SKYDANCE CORP | Communication Services | 0.3% | $46.2m | 3,450,500 | 304% | added |
| 30 | AVADEL PHARMACEUTICALS PLC | 0.3% | $36.3m | 1,684,000 | – | new | |
| 31 | TGNA TEGNA INC | 0.2% | $34.0m | 1,750,000 | -25% | reduced | |
| 32 | NFLX NETFLIX INC | Communication Services | 0.2% | $30.0m | 320,000 | – | new |
| 33 | PINNACLE FINL PARTNERS INC | 0.2% | $28.6m | 300,000 | -34% | reduced | |
| 34 | SOHO HOUSE & CO INC | 0.1% | $13.2m | 1,476,000 | 0% | held | |
| 35 | CRWV COREWEAVE INC | Technology | 0.1% | $8.6m | 120,000 | – | new |
| 36 | LIBERTY BROADBAND CORP | 0.1% | $8.2m | 170,000 | 0% | held | |
| 37 | TDAY USA TODAY CO INC | Communication Services | 0.1% | $7.2m | 1,400,000 | – | new |
| 38 | SPY SPDR S&P 500 ETF TR | 0.0% | $6.8m | 10,000 | -98% | reduced | |
| 39 | WGS GENEDX HOLDINGS CORP | Healthcare | 0.0% | $6.5m | 50,000 | -88% | reduced |
| 40 | ANYWHERE REAL ESTATE INC | 0.0% | $5.0m | 350,000 | 192% | added | |
| 41 | PTGX PROTAGONIST THERAPEUTICS INC | Healthcare | 0.0% | $4.4m | 50,000 | – | new |
| 42 | BATRK ATLANTA BRAVES HLDGS INC | Communication Services | 0.0% | $3.6m | 90,000 | 0% | held |
| 43 | PURETECH HEALTH PLC | 0.0% | $1.2m | 70,000 | -7% | reduced | |
| 44 | FRMI FERMI INC | Real Estate | 0.0% | $600.0k | 75,000 | – | new |
| 45 | BORR BORR DRILLING LTD | Energy | 0.0% | $302.2k | 75,000 | – | new |
| 46 | SBET SHARPLINK GAMING INC | Financial Services | 0.0% | $178.8k | 20,000 | – | new |
| 47 | WYFI WHITEFIBER INC | Technology | 0.0% | $158.0k | 10,000 | -23% | 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.