Q3 2025 · 13F-HR
Pentwater Capital Management LPholdings as filed
Filed 2025-11-14 · accession 0001140361-25-042346
$17.88B
Reported value
110
Positions
2025-09-30
Period end
The Brief · Pentwater Capital Management LP · Q3 2025
AI · grounded in 13F
Pentwater Capital Management LP established a new position in SPY valued at $2.34B. The fund also initiated new stakes in CYBR for $1.77B and BA for $1.49B. Additional new positions include UNH at $1.27B and CAR at $1.23B. The fund ended the period with 79 positions and total AUM of $17.88B.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $2.08B | 11.6% | 3,120,000 | PUT | SOLE |
| M2682V108 | CYBR | CYBERARK SOFTWARE LTD | $1.77B | 9.90% | 3,665,000 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $1.17B | 6.52% | 3,375,000 | CALL | SOLE |
| 285512109 | EA | ELECTRONIC ARTS INC | $968.2M | 5.42% | 4,800,000 | Common | SOLE |
| 097023105 | BA | BOEING CO | $949.7M | 5.31% | 4,400,000 | PUT | SOLE |
| 655844108 | NSC | NORFOLK SOUTHN CORP | $826.1M | 4.62% | 2,750,000 | Common | SOLE |
| 487836108 | K | KELLANOVA | $820.2M | 4.59% | 10,000,000 | Common | SOLE |
| 053774105 | CAR | AVIS BUDGET GROUP | $707.6M | 3.96% | 4,406,300 | PUT | SOLE |
| 925050106 | VRNA | VERONA PHARMA PLC | $565.6M | 3.16% | 5,300,000 | Common | SOLE |
| 097023105 | BA | BOEING CO | $538.5M | 3.01% | 2,494,800 | Common | SOLE |
| 934423104 | WBD | WARNER BROS DISCOVERY INC | $528.5M | 2.96% | 27,060,000 | Common | SOLE |
| 053774105 | CAR | AVIS BUDGET GROUP | $507.9M | 2.84% | 3,163,000 | Common | SOLE |
| 21874A106 | CORZ | CORE SCIENTIFIC INC NEW | $435.0M | 2.43% | 24,250,000 | Common | SOLE |
| 15677J108 | DAY | DAYFORCE INC | $378.9M | 2.12% | 5,500,000 | Common | SOLE |
| 848574109 | S9Q | SPIRIT AEROSYSTEMS HLDGS INC | $362.8M | 2.03% | 9,400,000 | Common | SOLE |
| 49177J102 | KVUE | KENVUE INC | $342.1M | 1.91% | 21,080,000 | Common | SOLE |
| 21873S108 | CRWV | COREWEAVE INC | $311.3M | 1.74% | 2,275,000 | PUT | SOLE |
| 78462F103 | SPY | SPDR S&P 500 ETF TR | $266.5M | 1.49% | 400,000 | Common | SOLE |
| 86881A100 | SGRY | SURGERY PARTNERS INC | $252.8M | 1.41% | 11,681,000 | Common | SOLE |
| 62482R107 | 07WA | MR COOPER GROUP INC | $210.2M | 1.18% | 997,000 | Common | SOLE |
| 45674M101 | INFA1EUR | INFORMATICA INC | $182.6M | 1.02% | 7,350,000 | Common | SOLE |
| 282559103 | ETNBGBP | 89BIO INC | $172.7M | 0.97% | 11,750,000 | Common | SOLE |
| 530307305 | LBRDK | LIBERTY BROADBAND CORP | $169.8M | 0.95% | 2,672,000 | Common | SOLE |
| 697435105 | PANW | PALO ALTO NETWORKS INC | $167.0M | 0.93% | 820,000 | CALL | SOLE |
| 49177J102 | KVUE | KENVUE INC | $163.9M | 0.92% | 10,100,000 | PUT | SOLE |
| G98196101 | W9N0 | WNS HLDGS LTD | $159.8M | 0.89% | 2,095,000 | Common | SOLE |
| 871607107 | SNPS | SYNOPSYS INC | $148.0M | 0.83% | 300,000 | PUT | SOLE |
| 00165C302 | AMC | AMC ENTMT HLDGS INC | $141.0M | 0.79% | 48,626,044 | Common | SOLE |
| 00912X302 | AL | AIR LEASE CORP | $140.0M | 0.78% | 2,200,000 | Common | SOLE |
| 878742204 | TECK | TECK RESOURCES LTD | $127.3M | 0.71% | 2,900,000 | Common | SOLE |
| 143658300 | CCL1EUR | CARNIVAL CORP | $124.3M | 0.70% | 4,300,000 | Common | SOLE |
| 10922N103 | BHF | BRIGHTHOUSE FINL INC | $121.3M | 0.68% | 2,285,000 | Common | SOLE |
| 10922N103 | BHF | BRIGHTHOUSE FINL INC | $110.7M | 0.62% | 2,085,000 | PUT | SOLE |
| 40412C101 | HCA | HCA HEALTHCARE INC | $108.0M | 0.60% | 253,400 | Common | SOLE |
| 36162J106 | GEO | GEO GROUP INC NEW | $106.3M | 0.59% | 5,186,000 | Common | SOLE |
| 143658300 | CCL1EUR | CARNIVAL CORP | $105.5M | 0.59% | 3,650,000 | PUT | SOLE |
| 697435105 | PANW | PALO ALTO NETWORKS INC | $101.8M | 0.57% | 500,000 | PUT | SOLE |
| 907818108 | UNP | UNION PAC CORP | $92.2M | 0.52% | 390,000 | PUT | SOLE |
| N5749R100 | 2GH | MERUS N V | $91.3M | 0.51% | 970,000 | Common | SOLE |
| 166764100 | CVX | CHEVRON CORP NEW | $77.6M | 0.43% | 500,000 | PUT | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $69.1M | 0.39% | 200,000 | Common | SOLE |
| 69349H107 | TXNM | TXNM ENERGY INC | $67.3M | 0.38% | 1,190,000 | Common | SOLE |
| 69932A204 | PSKY | PARAMOUNT SKYDANCE CORP | $60.5M | 0.34% | 3,200,000 | PUT | SOLE |
| 531229748 | LLYVA* | LIBERTY MEDIA CORP DEL | $56.1M | 0.31% | 594,700 | Common | SOLE |
| 670346105 | NUE | NUCOR CORP | $54.2M | 0.30% | 400,000 | PUT | SOLE |
| 670346105 | NUE | NUCOR CORP | $54.2M | 0.30% | 400,000 | Common | SOLE |
| 40412C101 | HCA | HCA HEALTHCARE INC | $51.1M | 0.29% | 120,000 | PUT | SOLE |
| 278768106 | SATS | ECHOSTAR CORP | $48.9M | 0.27% | 640,000 | Common | SOLE |
| 87901J105 | TGNA | TEGNA INC | $47.3M | 0.26% | 2,326,300 | Common | SOLE |
| 92719V100 | VMEO* | VIMEO INC | $46.6M | 0.26% | 6,009,500 | Common | SOLE |
| 81663L200 | WGS | GENEDX HOLDINGS CORP | $45.8M | 0.26% | 425,000 | Common | SOLE |
| 871607107 | SNPS | SYNOPSYS INC | $44.4M | 0.25% | 90,000 | CALL | SOLE |
| 35909D109 | FYBR | FRONTIER COMMUNICATIONS PARE | $43.0M | 0.24% | 1,152,000 | Common | SOLE |
| 77311W101 | RKT | ROCKET COS INC | $42.6M | 0.24% | 2,200,000 | CALL | SOLE |
| 72346Q104 | — | PINNACLE FINL PARTNERS INC | $42.5M | 0.24% | 453,550 | Common | SOLE |
| 49177J102 | KVUE | KENVUE INC | $40.6M | 0.23% | 2,500,000 | CALL | SOLE |
| 923451108 | VBTX | VERITEX HLDGS INC | $39.2M | 0.22% | 1,170,000 | Common | SOLE |
| 81663L200 | WGS | GENEDX HOLDINGS CORP | $36.6M | 0.20% | 340,000 | PUT | SOLE |
| 934423104 | WBD | WARNER BROS DISCOVERY INC | $36.1M | 0.20% | 1,850,000 | CALL | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $34.5M | 0.19% | 100,000 | PUT | SOLE |
| 21874A106 | CORZ | CORE SCIENTIFIC INC NEW | $32.3M | 0.18% | 1,800,000 | CALL | SOLE |
| 278768106 | SATS | ECHOSTAR CORP | $28.6M | 0.16% | 375,000 | PUT | SOLE |
| 88033G407 | THC | TENET HEALTHCARE CORP | $22.3M | 0.12% | 110,000 | Common | SOLE |
| 36162J106 | GEO | GEO GROUP INC NEW | $18.4M | 0.10% | 900,000 | PUT | SOLE |
| 74051N102 | 2655957D | PREMIER INC | $16.6M | 0.09% | 598,300 | Common | SOLE |
| 23282W605 | CYTK | CYTOKINETICS INC | $16.5M | 0.09% | 300,000 | Common | SOLE |
| 538034109 | LYV | LIVE NATION ENTERTAINMENT IN | $16.3M | 0.09% | 100,000 | PUT | SOLE |
| 69932A204 | PSKY | PARAMOUNT SKYDANCE CORP | $16.2M | 0.09% | 855,020 | Common | SOLE |
| 46578C108 | IE | IVANHOE ELECTRIC INC | $15.7M | 0.09% | 1,250,000 | Common | SOLE |
| 858119100 | STLD | STEEL DYNAMICS INC | $13.9M | 0.08% | 100,000 | PUT | SOLE |
| 69924R108 | 6PM | PARAMOUNT GROUP INC | $13.1M | 0.07% | 2,001,400 | Common | SOLE |
| 586001109 | 75Z | SOHO HOUSE & CO INC | $13.1M | 0.07% | 1,476,000 | Common | SOLE |
| 053774105 | CAR | AVIS BUDGET GROUP | $11.2M | 0.06% | 70,000 | CALL | SOLE |
| 29664WAB1 | ESPR 4 11/15/25 | ESPERION THERAPEUTICS INC NE | $10.8M | 0.06% | 10,861,000 | Common | SOLE |
| 21874A106 | CORZ | CORE SCIENTIFIC INC NEW | $10.8M | 0.06% | 600,200 | PUT | SOLE |
| 530307107 | LBRDA | LIBERTY BROADBAND CORP | $10.8M | 0.06% | 170,000 | Common | SOLE |
| 464286806 | EWG | ISHARES INC | $9.4M | 0.05% | 225,000 | PUT | SOLE |
| 21873S108 | CRWV | COREWEAVE INC | $6.8M | 0.04% | 50,000 | CALL | SOLE |
| 74346Y103 | PRO | PROS HOLDINGS INC | $5.7M | 0.03% | 250,000 | Common | SOLE |
| 047726302 | BATRK | ATLANTA BRAVES HLDGS INC | $3.7M | 0.02% | 90,000 | Common | SOLE |
| 829933100 | SIRI | SIRIUSXM HOLDINGS INC | $2.9M | 0.02% | 125,000 | Common | SOLE |
| 81663L200 | WGS | GENEDX HOLDINGS CORP | $2.2M | 0.01% | 20,000 | CALL | SOLE |
| 46435G334 | EWU | ISHARES TR | $2.1M | 0.01% | 50,000 | PUT | SOLE |
| 36162J106 | GEO | GEO GROUP INC NEW | $2.0M | 0.01% | 100,000 | CALL | SOLE |
| G2891G204 | — | DIVERSIFIED ENERGY COMPANY P | $2.0M | 0.01% | 140,987 | Common | SOLE |
| 21874C102 | CNM | CORE & MAIN INC | $1.6M | 0.01% | 30,000 | CALL | SOLE |
| 746237106 | PRTCY | PURETECH HEALTH PLC | $1.4M | 0.01% | 75,000 | Common | SOLE |
| 21874C102 | CNM | CORE & MAIN INC | $1.3M | 0.01% | 25,000 | Common | SOLE |
| 75605Y106 | — | ANYWHERE REAL ESTATE INC | $1.3M | 0.01% | 120,000 | Common | SOLE |
| 92343X100 | VTY | VERINT SYS INC | $1.2M | 0.01% | 60,000 | Common | SOLE |
| 458140100 | INTC | INTEL CORP | $1.2M | 0.01% | 35,000 | CALL | SOLE |
| 872381108 | TELA | TELA BIO INC | $1.1M | 0.01% | 724,856 | Common | SOLE |
| 21874C102 | CNM | CORE & MAIN INC | $1.1M | 0.01% | 20,000 | PUT | SOLE |
| 781154109 | RBRK | RUBRIK INC. | $945,875 | 0.01% | 11,500 | Common | SOLE |
| 05370A108 | RNAGBP | AVIDITY BIOSCIENCES INC | $871,400 | 0.00% | 20,000 | CALL | SOLE |
| 316841105 | FIG | FIGMA INC | $829,920 | 0.00% | 16,000 | Common | SOLE |
| 49271V100 | KDP | KEURIG DR PEPPER INC | $637,750 | 0.00% | 25,000 | PUT | SOLE |
| 49271V100 | KDP | KEURIG DR PEPPER INC | $637,750 | 0.00% | 25,000 | Common | SOLE |
| 78574H104 | SOC | SABLE OFFSHORE CORP | $611,100 | 0.00% | 35,000 | CALL | SOLE |
| 29664W105 | ESPR | ESPERION THERAPEUTICS INC NE | $480,419 | 0.00% | 181,290 | Common | SOLE |
| 781154109 | RBRK | RUBRIK INC. | $411,250 | 0.00% | 5,000 | CALL | SOLE |
| G96115103 | WYFI | WHITEFIBER INC | $353,210 | 0.00% | 13,000 | Common | SOLE |
| 36866J105 | GEMI | GEMINI SPACE STA INC | $311,480 | 0.00% | 13,000 | Common | SOLE |
| 00165C302 | AMC | AMC ENTMT HLDGS INC | $290,000 | 0.00% | 100,000 | PUT | SOLE |
| 66510M204 | NAK | NORTHERN DYNASTY MINERALS LT | $240,000 | 0.00% | 200,000 | Common | SOLE |
| 87484T108 | TALO | TALOS ENERGY INC | $191,800 | 0.00% | 20,000 | CALL | SOLE |
| 77311W101 | RKT | ROCKET COS INC | $155,040 | 0.00% | 8,000 | Common | SOLE |
| 703481101 | PTEN | PATTERSON-UTI ENERGY INC | $129,500 | 0.00% | 25,000 | CALL | SOLE |
| 609786108 | J7J | MONOGRAM TECHNOLOGIES INC | $58,700 | 0.00% | 10,000 | Common | SOLE |
| 871607107 | SNPS | SYNOPSYS INC | $50,819 | 0.00% | 103 | Common | 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.