Q2 2025 · 13F-HR
Pentwater Capital Management LPholdings as filed
Filed 2025-08-14 · accession 0001140361-25-031255
$15.41B
Reported value
96
Positions
2025-06-30
Period end
The Brief · Pentwater Capital Management LP · Q2 2025
AI · grounded in 13F
Pentwater Capital Management LP established a new position in SPY valued at $3.89B. The fund also initiated new stakes in HES for $1.40B and BA for $1.39B. Additional new positions include CAR at $1.17B and UNH at $747M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $3.74B | 24.3% | 6,060,000 | PUT | SOLE |
| 42809H107 | HES | HESS CORP | $1.01B | 6.58% | 7,320,000 | Common | SOLE |
| 097023105 | BA | BOEING CO | $959.3M | 6.22% | 4,578,500 | PUT | SOLE |
| 487836108 | K | KELLANOVA | $708.6M | 4.60% | 8,910,000 | Common | SOLE |
| 053774105 | CAR | AVIS BUDGET GROUP | $673.6M | 4.37% | 3,984,800 | PUT | SOLE |
| 48203R104 | JNP | JUNIPER NETWORKS INC | $569.0M | 3.69% | 14,250,000 | Common | SOLE |
| 09627Y109 | 2655787D | BLUEPRINT MEDICINES CORP | $499.9M | 3.24% | 3,900,000 | Common | SOLE |
| 830566105 | SKAA | SKECHERS U S A INC | $441.7M | 2.87% | 7,000,000 | Common | SOLE |
| 097023105 | BA | BOEING CO | $429.5M | 2.79% | 2,050,000 | Common | SOLE |
| 053774105 | CAR | AVIS BUDGET GROUP | $383.7M | 2.49% | 2,270,000 | Common | SOLE |
| 42809H107 | HES | HESS CORP | $381.0M | 2.47% | 2,750,000 | PUT | SOLE |
| 848574109 | S9Q | SPIRIT AEROSYSTEMS HLDGS INC | $341.4M | 2.22% | 8,950,000 | Common | SOLE |
| 166764100 | CVX | CHEVRON CORP NEW | $330.1M | 2.14% | 2,305,000 | PUT | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $304.2M | 1.97% | 975,000 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $301.1M | 1.95% | 965,000 | PUT | SOLE |
| 03662Q105 | AKX | ANSYS INC | $286.2M | 1.86% | 815,000 | Common | SOLE |
| 530307305 | LBRDK | LIBERTY BROADBAND CORP | $262.9M | 1.71% | 2,672,000 | Common | SOLE |
| 92556H206 | 0VVB | PARAMOUNT GLOBAL | $197.4M | 1.28% | 15,300,000 | Common | SOLE |
| 023436108 | AMED | AMEDISYS INC | $168.7M | 1.09% | 1,715,084 | Common | SOLE |
| 45674M101 | INFA1EUR | INFORMATICA INC | $166.1M | 1.08% | 6,821,000 | Common | SOLE |
| 86881A100 | SGRY | SURGERY PARTNERS INC | $155.6M | 1.01% | 7,000,000 | Common | SOLE |
| G3075P101 | ESGRUSD | ENSTAR GROUP LIMITED | $148.4M | 0.96% | 441,100 | Common | SOLE |
| 35909D109 | FYBR | FRONTIER COMMUNICATIONS PARE | $144.5M | 0.94% | 3,970,000 | Common | SOLE |
| 92556H206 | 0VVB | PARAMOUNT GLOBAL | $142.5M | 0.92% | 11,044,000 | PUT | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $142.1M | 0.92% | 230,000 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $141.9M | 0.92% | 455,000 | CALL | SOLE |
| 143658300 | CCL1EUR | CARNIVAL CORP | $116.7M | 0.76% | 4,150,000 | Common | SOLE |
| 053774105 | CAR | AVIS BUDGET GROUP | $115.0M | 0.75% | 680,000 | CALL | SOLE |
| 81663L200 | WGS | GENEDX HOLDINGS CORP | $112.6M | 0.73% | 1,220,000 | Common | SOLE |
| 05478C105 | AZEK | AZEK CO INC | $112.3M | 0.73% | 2,066,000 | Common | SOLE |
| 03662Q105 | AKX | ANSYS INC | $105.4M | 0.68% | 300,000 | PUT | SOLE |
| 81663L200 | WGS | GENEDX HOLDINGS CORP | $95.1M | 0.62% | 1,030,000 | PUT | SOLE |
| 48203R104 | JNP | JUNIPER NETWORKS INC | $93.8M | 0.61% | 2,350,100 | PUT | SOLE |
| 10922N103 | BHF | BRIGHTHOUSE FINL INC | $93.0M | 0.60% | 1,730,000 | PUT | SOLE |
| 143658300 | CCL1EUR | CARNIVAL CORP | $83.0M | 0.54% | 2,950,000 | PUT | SOLE |
| 871607107 | SNPS | SYNOPSYS INC | $82.0M | 0.53% | 160,000 | CALL | SOLE |
| 344849104 | WOO | FOOT LOCKER INC | $80.8M | 0.52% | 3,300,000 | Common | SOLE |
| 858119100 | STLD | STEEL DYNAMICS INC | $78.1M | 0.51% | 610,000 | Common | SOLE |
| 36162J106 | GEO | GEO GROUP INC NEW | $77.4M | 0.50% | 3,230,000 | Common | SOLE |
| 92539P101 | — | VERVE THERAPEUTICS INC | $75.5M | 0.49% | 6,720,000 | Common | SOLE |
| 26484T106 | DNB | DUN & BRADSTREET HLDGS INC | $74.1M | 0.48% | 8,150,000 | Common | SOLE |
| 62482R107 | 07WA | MR COOPER GROUP INC | $69.1M | 0.45% | 463,000 | Common | SOLE |
| 670346105 | NUE | NUCOR CORP | $64.8M | 0.42% | 500,000 | PUT | SOLE |
| 69349H107 | TXNM | TXNM ENERGY INC | $63.4M | 0.41% | 1,126,000 | Common | SOLE |
| 460690100 | IPG | INTERPUBLIC GROUP COS INC | $62.6M | 0.41% | 2,557,000 | Common | SOLE |
| 40412C101 | HCA | HCA HEALTHCARE INC | $61.3M | 0.40% | 160,000 | Common | SOLE |
| 531229748 | LLYVA* | LIBERTY MEDIA CORP DEL | $60.4M | 0.39% | 760,000 | Common | SOLE |
| 670346105 | NUE | NUCOR CORP | $57.6M | 0.37% | 445,000 | Common | SOLE |
| 10922N103 | BHF | BRIGHTHOUSE FINL INC | $51.1M | 0.33% | 950,000 | Common | SOLE |
| 85205L107 | SWTXUSD | SPRINGWORKS THERAPEUTICS INC | $47.0M | 0.30% | 1,000,000 | Common | SOLE |
| 40412C101 | HCA | HCA HEALTHCARE INC | $44.1M | 0.29% | 115,000 | PUT | SOLE |
| 36251C103 | GMS1EUR | GMS INC | $43.5M | 0.28% | 400,000 | Common | SOLE |
| 896818101 | TG7 | TRIUMPH GROUP INC | $38.6M | 0.25% | 1,500,000 | Common | SOLE |
| 46090E103 | QQQ | INVESCO QQQ TR | $35.9M | 0.23% | 65,000 | PUT | SOLE |
| 21874A106 | CORZ | CORE SCIENTIFIC INC NEW | $31.8M | 0.21% | 1,865,000 | Common | SOLE |
| 36162J106 | GEO | GEO GROUP INC NEW | $29.9M | 0.19% | 1,250,000 | PUT | SOLE |
| 931427108 | WFC | WALGREENS BOOTS ALLIANCE INC | $29.8M | 0.19% | 2,600,000 | Common | SOLE |
| 46578C108 | IE | IVANHOE ELECTRIC INC | $23.5M | 0.15% | 2,595,000 | Common | SOLE |
| 21874A106 | CORZ | CORE SCIENTIFIC INC NEW | $21.3M | 0.14% | 1,250,200 | PUT | SOLE |
| 49177J102 | KVUE | KENVUE INC | $18.0M | 0.12% | 860,000 | Common | SOLE |
| 530307107 | LBRDA | LIBERTY BROADBAND CORP | $16.6M | 0.11% | 170,000 | Common | SOLE |
| 166764100 | CVX | CHEVRON CORP NEW | $14.3M | 0.09% | 100,000 | CALL | SOLE |
| 82983N108 | SB9 | SITIO ROYALTIES CORP | $14.2M | 0.09% | 773,000 | Common | SOLE |
| 29664WAB1 | ESPR 4 11/15/25 | ESPERION THERAPEUTICS INC NE | $10.7M | 0.07% | 10,861,000 | Common | SOLE |
| 23282W605 | CYTK | CYTOKINETICS INC | $9.9M | 0.06% | 300,000 | Common | SOLE |
| 464286806 | EWG | ISHARES INC | $7.4M | 0.05% | 175,000 | PUT | SOLE |
| 11373M107 | BB3 | BROOKLINE BANCORP INC DEL | $6.9M | 0.04% | 655,000 | Common | SOLE |
| 858119100 | STLD | STEEL DYNAMICS INC | $6.4M | 0.04% | 50,000 | PUT | SOLE |
| 49177J102 | KVUE | KENVUE INC | $6.3M | 0.04% | 300,000 | PUT | SOLE |
| 829933100 | SIRI | SIRIUSXM HOLDINGS INC | $5.2M | 0.03% | 225,000 | Common | SOLE |
| 047726302 | BATRK | ATLANTA BRAVES HLDGS INC | $4.2M | 0.03% | 90,000 | Common | SOLE |
| 00510N102 | TIC | ACUREN CORP | $3.0M | 0.02% | 271,749 | Common | SOLE |
| 228368106 | CCK | CROWN HLDGS INC | $2.9M | 0.02% | 27,979 | Common | SOLE |
| G2891G204 | — | DIVERSIFIED ENERGY COMPANY P | $2.2M | 0.01% | 150,000 | Common | SOLE |
| 46435G334 | EWU | ISHARES TR | $2.0M | 0.01% | 50,000 | PUT | SOLE |
| 81663L200 | WGS | GENEDX HOLDINGS CORP | $1.8M | 0.01% | 20,000 | CALL | SOLE |
| 878742204 | TECK | TECK RESOURCES LTD | $1.6M | 0.01% | 40,000 | Common | SOLE |
| 872381108 | TELA | TELA BIO INC | $1.6M | 0.01% | 815,000 | Common | SOLE |
| 92556H107 | PARAA | PARAMOUNT GLOBAL | $1.4M | 0.01% | 61,938 | Common | SOLE |
| 872590104 | TMUS | T-MOBILE US INC | $1.2M | 0.01% | 5,000 | Common | SOLE |
| 458140100 | INTC | INTEL CORP | $1.1M | 0.01% | 50,000 | CALL | SOLE |
| 92892B103 | VOYG | VOYAGER TECHNOLOGIES INC | $981,250 | 0.01% | 25,000 | Common | SOLE |
| 458140100 | INTC | INTEL CORP | $896,000 | 0.01% | 40,000 | Common | SOLE |
| 746237106 | PRTCY | PURETECH HEALTH PLC | $862,500 | 0.01% | 50,000 | Common | SOLE |
| 92242T101 | VVX | V2X INC | $728,250 | 0.00% | 15,000 | Common | SOLE |
| 436440101 | HO1 | HOLOGIC INC | $651,600 | 0.00% | 10,000 | PUT | SOLE |
| 436440101 | HO1 | HOLOGIC INC | $651,600 | 0.00% | 10,000 | Common | SOLE |
| G05384501 | 8ZV | ASPEN INSURANCE HOLDINGS LTD | $629,400 | 0.00% | 20,000 | Common | SOLE |
| 68170A108 | OMDA | OMADA HEALTH INC | $453,840 | 0.00% | 24,800 | Common | SOLE |
| 92333F101 | VG | VENTURE GLOBAL INC | $389,500 | 0.00% | 25,000 | Common | SOLE |
| 00165C302 | AMC | AMC ENTMT HLDGS INC | $310,000 | 0.00% | 100,000 | PUT | SOLE |
| 92333F101 | VG | VENTURE GLOBAL INC | $233,700 | 0.00% | 15,000 | CALL | SOLE |
| 78574H104 | SOC | SABLE OFFSHORE CORP | $219,800 | 0.00% | 10,000 | Common | SOLE |
| 29664W105 | ESPR | ESPERION THERAPEUTICS INC NE | $178,462 | 0.00% | 181,290 | Common | SOLE |
| 87484T108 | TALO | TALOS ENERGY INC | $169,600 | 0.00% | 20,000 | CALL | SOLE |
| 92242T101 | VVX | V2X INC | $67,970 | 0.00% | 1,400 | PUT | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.