WhaleCreep

Pentwater Capital Management LP 13F holdings, Q1 2026

Hedge fundSEC filingsCompare with another fundHoldings as of 2026-03-31, filed 2026-05-15

Pentwater Capital Management LP disclosed 60 US equity positions worth $14.1bn in its Q1 2026 13F filing. Its largest position is EA at 18.6% of the reported book, followed by BA and WBD. Versus Q4 2025 it opened 31 new positions, added to 21, reduced 4 and exited 18.

$14.1bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
60
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
18.6%
Largest position
The largest single position as a share of the reported equity book.
70.5%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
13
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 Q4 2025: 31 new, 21 added, 4 reduced, 18 exited

50 of 60
EA ELECTRONIC ARTS INCCommunication Services18.6%$2.6bn12.81m+17%added
BA BOEING COIndustrials10.0%$1.4bn7.07m+7.0%added
WBD WARNER BROS DISCOVERY INCCommunication Services9.8%$1.4bn50.24m+9.1%added
CAR AVIS BUDGET GROUP INCIndustrials7.3%$1.0bn7.05m+127%added
NSC NORFOLK SOUTHERN CORPIndustrials6.6%$924m3.22m+6.7%added
KVUE KENVUE INCConsumer Defensive6.4%$896m52.00m−8.3%reduced
MASI* MASIMO CORP–4.0%$565m3.18m–new
SPY SPDR S&P 500 ETF Trust–2.7%$377m580,000+5700%added
CORZ CORE SCIENTIFIC INC NEWTechnology2.6%$372m24.85m−3.0%reduced
TECK TECK RESOURCES LTDBasic Materials2.6%$360m6.96m+7.1%added
HO1 HOLOGIC INC–2.4%$340m4.50m+5.9%added
ACLXGBX ARCELLX INC–2.3%$330m2.87m–new
CNTA CENTESSA PHARMACEUTICALS PLC–2.3%$325m8.17m–new
NFLX NETFLIX INC.Communication Services2.1%$297m3.09m+865%added
ECHO ECHOSTAR CORPCommunication Services2.0%$276m2.36m+232%added
CWAN CLEARWATER ANALYTICS HLDGS ITechnology1.9%$269m11.38m+338%added
APLSUSD APELLIS PHARMACEUTICALS INC–1.5%$211m5.25m–new
AM6 AMICUS THERAPEUTIC–1.4%$202m14.00m+22%added
DBRG DIGITALBRIDGE GROUP INCFinancial Services1.3%$181m11.75m+2.2%added
TXNM TXNM ENERGY INCUtilities1.2%$164m2.80m+70%added
GEO GEO GROUP INCIndustrials1.1%$161m9.56m+64%added
CCL CARNIVAL CORPConsumer Cyclical1.1%$157m6.06m+39%added
AL1 AIR LEASE CORP–1.1%$156m2.40m+7.0%added
SGRY SURGERY PARTNERS INCHealthcare1.1%$151m12.65m+27%added
UNH UNITEDHEALTH GROUP INCHealthcare1.0%$139m512,000+30%added
WED WEBSTER FINL CORP–0.9%$130m1.87m–new
8L8C LIBERTY BROADBAND CORP–0.9%$125m2.49m0.0%held
SLAB SILICON LABORATORIES INCTechnology0.7%$104m500,000–new
CZR CAESARS ENTERTAINMENT INC NEConsumer Cyclical0.5%$70.0m2.65m–new
UAL UNITED AIRLINES HLDGS INCIndustrials0.3%$46.0m500,000–new
K4F ONESTREAM INC–0.3%$45.4m1.89m–new
PSKY PARAMOUNT SKYDANCE CORPCommunication Services0.3%$37.0m4.10m+19%added
HCA HCA HEALTHCARE INCHealthcare0.3%$35.5m75,000–new
QQQ INVESCO QQQ TR–0.2%$34.6m60,000–new
PNFP PINNACLE FINL PARTNERS INCFinancial Services0.2%$25.8m300,000–new
THC TENET HEALTHCARE CORPHealthcare0.2%$23.6m125,000–new
ORCL ORACLE CORPTechnology0.2%$22.8m155,000–new
DAWNGBX DAY ONE BIOPHARMACEUTICALS I–0.1%$17.2m800,000–new
GPCR STRUCTURE THERAPEUTICS INCHealthcare0.08%$11.8m245,000–new
AMC AMC ENTMT HLDGS INCCommunication Services0.07%$9.2m9.37m–new
LBRDAEUR LIBERTY BROADBAND CORP–0.06%$8.5m170,0000.0%held
RNA ATRIUM THERAPEUTICS INC–0.06%$8.1m602,649–new
KWEB KRANESHARES TRUST–0.05%$7.1m250,000–new
AES AES CORPUtilities0.05%$7.0m500,000–new
FPS FORGENT POWER SOLUTIONS INCIndustrials0.03%$4.7m160,000–new
UPS UNITED PARCEL SERVICE INCIndustrials0.03%$4.4m45,000–new
DCH DAUCH CORPConsumer Cyclical0.02%$3.1m519,790–new
MDLN MEDLINE INCHealthcare0.02%$2.2m50,000–new
UTE0 CANTALOUPE INC–0.02%$2.2m200,000–new
PURETECH HEALTH PLC no ticker–0.01%$1.0m70,0000.0%held

Exited since Q4 2025

18 rows
CYBERARK SOFTWARE LTD no ticker11.1%$1.5bn
EXK EXACT SCIENCES CORP5.3%$736m
DAY DAYFORCE INC4.8%$657m
RNAGBP AVIDITY BIOSCIENCES INC3.1%$435m
BXSEUR CADENCE BANK1.9%$267m
CMA COMERICA INC1.3%$174m
CDTX CIDARA THERAPEUTICS INC0.9%$125m
9HI HILLENBRAND INC0.4%$57.1m
AVADEL PHARMACEUTICALS PLC no ticker0.3%$36.3m
TGNA TEGNA INC0.2%$34.0m
9998819D PINNACLE FINL PARTNERS INC0.2%$28.6m
75Z SOHO HOUSE & CO INC0.10%$13.2m
TDAY USA TODAY CO INC0.05%$7.2m
WGS GENEDX HOLDINGS CORP0.05%$6.5m
HOUSEUR ANYWHERE REAL ESTATE INC0.04%$5.0m
PTGX PROTAGONIST THERAPEUTICS INC0.03%$4.4m
BORR BORR DRILLING LTD0.0%$302k
SBET SHARPLINK INC0.0%$179k

Sector mix

  • Communication Services32.8%
  • Industrials25.4%
  • Unclassified20.5%
  • Consumer Defensive6.4%
  • Technology5.5%
  • Healthcare2.6%
  • Basic Materials2.6%
  • Consumer Cyclical1.6%
  • Financial Services1.5%
  • Utilities1.2%
  • Real Estate0.01%

Book over time

Every quarter on file (75)
QuarterPositionsEquity book
Q2 202659$12.5bn
Q1 202660$14.1bn
Q4 202547$13.8bn
Q3 202566$11.1bn
Q2 202564$7.8bn
Q1 202563$7.2bn
Q4 202455$5.8bn
Q3 202452$5.5bn
Q2 202453$4.6bn
Q1 202457$6.1bn
Q4 202368$5.3bn
Q3 202369$10.4bn
Q2 202386$8.0bn
Q1 202394$6.0bn
Q4 202280$3.2bn
Q3 2022100$6.6bn
Q2 2022115$5.9bn
Q1 2022121$5.4bn
Q4 2021157$6.3bn
Q3 2021183$7.3bn
Q2 2021259$9.7bn
Q1 2021276$8.6bn
Q4 2020190$6.5bn
Q3 2020180$5.0bn
Q2 2020129$3.4bn
Q1 202093$3.7bn
Q4 2019107$2.6bn
Q3 2019110$3.2bn
Q2 2019124$5.3bn
Q1 2019105$3.8bn
Q4 201898$5.1bn
Q3 2018107$6.6bn
Q2 201877$6.9bn
Q1 201849$8.4bn
Q4 201752$7.6bn
Q3 201755$6.3bn
Q2 201759$5.8bn
Q1 201753$4.7bn
Q4 201653$3.2bn
Q3 201671$5.4bn
Q2 201663$3.7bn
Q1 201648$6.3bn
Q4 201565$7.5bn
Q3 201588$7.3bn
Q2 2015103$11.5bn
Q1 201593$7.2bn
Q4 201487$7.4bn
Q3 2014113$6.5bn
Q2 201497$5.3bn
Q1 201485$2.2bn
Q4 201369$2.1bn
Q3 201380$2.4bn
Q2 201373$3.8bn
Q1 201341$1.3bn
Q4 201244$1.6bn
Q3 201239$1.3bn
Q2 201246$1.6bn
Q1 201242$1.8bn
Q4 201156$2.0bn
Q3 201154$1.4bn
Q2 201171$1.4bn
Q1 201171$2.2bn
Q4 201052$1.4bn
Q3 201052$1.5bn
Q2 201056$812m
Q1 201040$392m
Q4 200944$487m
Q3 200927$440m
Q2 200922$316m
Q1 200917$233m
Q4 200817$293m
Q3 200834$1.0bn
Q2 200828$728m
Q1 200827$1.0bn
Q4 200728$782m

Where Pentwater Capital Management LP was early

32 rows
BCE BCE INCQ1 20081 of 826.1%6.1%3Exited by Q4 2008+2.9%
HUN HUNTSMAN CORPQ1 20084 of 1438.9%8.9%4Exited by Q1 2009−85%
SPY STATE STR SPDR S&P 500 ETF TQ1 20087 of 2671.9%27.0%57Held at last filing, Q2 2026+466%
CMG CHIPOTLE MEXICAN GRILL INCQ2 20082 of 1851.4%1.7%3Exited by Q3 2009−3.2%
RGA REINSURANCE GROUP AMER INCQ1 20091 of 1021.8%1.8%6Exited by Q3 2010+41%
BAC BANK AMERICA CORPQ2 200912 of 23211.3%11.3%54Exited by Q1 2024+155%
CMCSA COMCAST CORPQ2 200917 of 2190.1%3.5%3Exited by Q3 2014+271%
AWK AMERICAN WTR WKS CO INC NEWQ4 20096 of 1230.6%1.2%2Exited by Q2 2010−2.9%
JPM JPMORGAN CHASE & COQ4 200912 of 2310.09%8.6%33Exited by Q1 2024+308%
FIS FIDELITY NATL INFORMATION SVQ2 20107 of 2257.1%7.1%3Exited by Q1 2011+2.1%
GS GOLDMAN SACHS GROUP INCQ2 201011 of 2298.0%8.0%21Exited by Q2 2022+151%
GM GENERAL MTRS COQ2 20111 of 1692.7%4.2%18Exited by Q4 2015−1.1%
META FACEBOOK INCQ2 20124 of 3842.1%2.1%2Exited by Q4 2012−30%
ZTS ZOETIS INCQ2 20132 of 17813.1%13.1%10Exited by Q1 2019+177%
CTB COOPER TIRE & RUBR COQ3 20131 of 652.9%2.9%3Exited by Q2 2021−46%
AAL AMERICAN AIRLINES GROUP INCQ4 201313 of 2383.9%3.9%27Exited by Q4 2022−52%
VOD VODAFONE GROUP PLCQ1 20143 of 1085.0%5.0%3Exited by Q4 2014−11%
SYF SYNCHRONY FINANCIALQ3 20143 of 1810.4%5.5%36Exited by Q1 2024+56%
BKR BAKER HUGHES A GE COQ4 20148 of 1784.6%5.9%7Exited by Q4 2019−59%
HUM HUMANA INCQ2 201513 of 2113.4%8.2%12Held at last filing, Q2 2026+108%
AVGO BROADCOM INCQ2 201516 of 3239.2%15.9%9Exited by Q2 2025+1160%
MXIM MAXIM INTEGRATED PRODS INCQ4 201510 of 1010.09%12.3%5Exited by Q3 2021+177%
SNDK SANDISK CORPQ4 201514 of 2335.9%11.2%2Exited by Q2 2016+0.1%
DELL DELL TECHNOLOGIES INCQ3 20169 of 2743.8%7.1%10Exited by Q1 2019+85%
TGNA TEGNA INCQ2 201715 of 1470.06%3.0%12Exited by Q1 2026−40%
AVA AVISTA CORPQ3 20179 of 990.2%1.0%5Exited by Q4 2018−2.3%
VICI VICI PPTYS INCQ1 201816 of 1632.1%3.0%23Exited by Q1 2024+74%
CI THE CIGNA GROUPQ4 201812 of 1921.1%1.1%5Exited by Q1 2024+58%
HHH HOWARD HUGHES CORPQ2 20199 of 1160.8%1.4%3Exited by Q1 2020+2.4%
COHR COHERENT INCQ1 202115 of 2633.5%5.9%6Exited by Q3 2022−25%
KVUE KENVUE INCQ2 202310 of 2030.03%7.8%9Held at last filing, Q2 2026−28%
AMC AMC ENTMT HLDGS INCQ3 20232 of 770.03%1.3%5Held at last filing, Q2 2026−76%

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