Latest Pentwater Capital Management LP Stock Portfolio

Pentwater Capital Management LP Performance:

2025 Q4: -0.22%YTD: 8.57%2024: -2.61%

Performance for 2025 Q4 is -0.22%, and YTD is 8.57%, and 2024 is -2.61%.

About Pentwater Capital Management LP and 13F Hedge Fund Stock Holdings

Pentwater Capital Management LP is a hedge fund based in Naples, FL. On 2026-02-17, the fund reported it's updated stock portfolio. In the 13F Holdings report, Pentwater Capital Management LP reported an equity portfolio of $19 Billions as of 31 Dec, 2025.

The top stock holdings of Pentwater Capital Management LP are EA, CYBR, BA. The fund has invested 11.8% of it's portfolio in ELECTRONIC ARTS INC and 8% of portfolio in CYBERARK SOFTWARE LTD.

The fund managers got completely rid off KELLANOVA (K), VERONA PHARMA PLC (VRNA) and SPIRIT AEROSYSTEMS HLDGS INC (SPR) stocks. They significantly reduced their stock positions in SPDR S&P 500 ETF TR (SPY), GENEDX HOLDINGS CORP (SMFR) and PINNACLE FINL PARTNERS INC (PNFP). Pentwater Capital Management LP opened new stock positions in EXACT SCIENCES CORP (EXAS), AVIDITY BIOSCIENCES INC (RNA) and HOLOGIC INC (HOLX). The fund showed a lot of confidence in some stocks as they added substantially to PARAMOUNT SKYDANCE CORP, ANYWHERE REAL ESTATE INC (HOUS) and BOEING CO (BA).

Pentwater Capital Management LP Annual Return Estimates Vs S&P 500

Our best estimate is that Pentwater Capital Management LP made a return of -0.22% in the last quarter. In trailing 12 months, it's portfolio return was 8.57%.

Performance
S&P 500

New Buys

Ticker	$ Bought
exact sciences corp	736,310,000
avidity biosciences inc	434,691,000
hologic inc	316,396,000
cadence bank	266,893,000
digitalbridge group inc	176,410,000
comerica inc	173,860,000
amicus therapeutics inc	163,760,000
cidara therapeutics inc	124,803,000

New stocks bought by Pentwater Capital Management LP

Additions

Ticker	% Inc.
paramount skydance corp	303
anywhere real estate inc	191
kenvue inc	169
boeing co	164
electronic arts inc	128
teck resources ltd	124
unitedhealth group inc	97.5
dayforce inc	72.73

Additions to existing portfolio by Pentwater Capital Management LP

Reductions

Ticker	% Reduced
spdr s&p 500 etf tr	-97.5
genedx holdings corp	-88.24
pinnacle finl partners inc	-33.86
tegna inc	-24.77
whitefiber inc	-23.08
surgery partners inc	-14.39
liberty broadband corp	-6.68
puretech health plc	-6.67

Pentwater Capital Management LP reduced stake in above stock

Sold off

Ticker	$ Sold
89bio inc	-172,725,000
esperion therapeutics inc ne	-10,773,100
kellanova	-820,200,000
spirit aerosystems hldgs inc	-362,840,000
informatica inc	-182,574,000
vimeo inc	-46,573,600
verona pharma plc	-565,563,000
brighthouse finl inc	-121,288,000

Pentwater Capital Management LP got rid off the above stocks

Sector Distribution

Pentwater Capital Management LP has about 26.8% of it's holdings in Others sector.

Sector	%
Others	26.8
Communication Services	26.3
Industrials	21.7
Healthcare	14.9
Technology	5.8
Financial Services	1.5
Real Estate	1.3

Market Cap. Distribution

Pentwater Capital Management LP has about 61.4% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	60.2
UNALLOCATED	26.8
MID-CAP	9.4
SMALL-CAP	1.9
MEGA-CAP	1.2

Stocks belong to which Index?

About 64.3% of the stocks held by Pentwater Capital Management LP either belong to S&P 500 or RUSSELL 2000 index.

Index	%
S&P 500	52.9
Others	35.7
RUSSELL 2000	11.4

Top 5 Winners (%)		%
SATS	echostar corp	39.4 %
WBD	warner bros discovery inc	34.4 %
HOUS	anywhere real estate inc	20.4 %
SMFR	genedx holdings corp	11.6 %
TCKRF	teck resources ltd	6.4 %

Top 5 Winners ($)		$
WBD	warner bros discovery inc	339.7 M
	kenvue inc	39.7 M
SATS	echostar corp	21.9 M
EA	electronic arts inc	20.7 M
TCKRF	teck resources ltd	18.8 M

Top 5 Losers (%)		%
	whitefiber inc	-37.0 %
SGRY	surgery partners inc	-26.6 %
LBRDA	liberty broadband corp	-23.8 %
LBRDA	liberty broadband corp	-22.7 %
	paramount skydance corp	-20.4 %

Top 5 Losers ($)		$
CYBR	cyberark software ltd	-131.5 M
CAR	avis budget group	-101.0 M
	core scientific inc new	-84.3 M
SGRY	surgery partners inc	-67.1 M
LBRDA	liberty broadband corp	-38.6 M

Pentwater Capital Management LP Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Pentwater Capital Management LP

Pentwater Capital Management LP has 47 stocks in it's portfolio. About 55.7% of the portfolio is in top 10 stocks. CYBR proved to be the most loss making stock for the portfolio. WBD was the most profitable stock for Pentwater Capital Management LP last quarter.

Last Reported on: 17 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AL	air lease corp	0.76	2,240,000	143,875,000	added	1.82

BA	boeing co	7.54	6,610,000	1,435,160,000	added	164

BATRA	atlanta braves hldgs inc	0.02	90,000	3,550,500	unchanged	0.00

BATRA	liberty media corp del	0.00	0.00	0.00	sold off	-100

BHF	brighthouse finl inc	0.00	0.00	0.00	sold off	-100

BORR	borr drilling ltd	0.00	75,000	302,250	new

CADE	cadence bank	1.40	6,230,000	266,893,000	new

CAR	avis budget group	2.09	3,101,400	397,972,000	reduced	-1.95

CCL	carnival corp	0.70	4,375,000	133,612,000	added	1.74

CDAY	dayforce inc	3.45	9,500,000	657,020,000	added	72.73

CDTX	cidara therapeutics inc	0.66	565,000	124,803,000	new

CMA	comerica inc	0.91	2,000,000	173,860,000	new

COOP	mr cooper group inc	0.00	0.00	0.00	sold off	-100

CWAN	clearwater analytics hldgs i	0.33	2,600,000	62,712,000	new

CYBR	cyberark software ltd	8.03	3,425,000	1,527,760,000	reduced	-6.55

CYTK	cytokinetics inc	0.00	0.00	0.00	sold off	-100

DBRG	digitalbridge group inc	0.93	11,500,000	176,410,000	new

EA	electronic arts inc	11.76	10,950,000	2,237,410,000	added	128

ESPR	esperion therapeutics inc ne	0.00	0.00	0.00	sold off	-100

ESPR	esperion therapeutics inc ne	0.00	0.00	0.00	sold off	-100