How many stocks does Pentwater Capital Management LP own?

As of Q1 2026, Pentwater Capital Management LP holds 92 positions in their 13F portfolio.

What is Pentwater Capital Management LP's largest holding?

EA at 13.5% of portfolio, worth $2.6B.

What is Pentwater Capital Management LP's total portfolio value?

$19.3B as of Q1 2026, tracked across 92 holdings.

Is Pentwater Capital Management LP a hedge fund?

Pentwater Capital Management LP is an institutional investment manager required to file SEC 13F reports. This includes hedge funds, mutual funds, pension funds, and other institutions managing over $100M.

How often does Pentwater Capital Management LP report?

13F filings are due quarterly, approximately 45 days after each quarter end.

How has Pentwater Capital Management LP's portfolio changed in Q1 2026?

View Pentwater Capital Management LP's latest portfolio changes, new positions, and exits for Q1 2026 on HoldingsIntel.

What is Pentwater Capital Management LP's investment strategy?

Pentwater Capital Management LP is classified as a Momentum Trader fund based on HoldingsIntel's Fund DNA analysis of 6 behavioral dimensions.

HoldingsIntel

Pentwater Capital Management L Holdings Q1 2026 - Portfolio & Conviction Scores | HoldingsIntel

PEPentwater Capital Management LP

Institutional investor · Portfolio as of Q1 2026

SEC EDGAR SourceSEC Filings

$19.3B

AUM

Positions

Q1 2026

Filing

Rating · 1.0

Quarterly Portfolio Change

Activity profile

$ moved · Q1'26

New21%Increased32%Decreased4%Exited43%

Composition

Equity vs derivatives

Equity73%Puts21%Calls6%

Holding period

Avg 1.5 years

<1Q33%1-4Q29%1-2Y9%2Y+29%

Q1 2026 Summary

Active quarter - 31 new positions, 18 exits, 21 increased. Top move: CAR (INCREASED, conviction 100). Portfolio: $19.3B across 92 positions.

Portfolio Allocation

Top holdings by portfolio weight

EA13.54%

SPY10.14%

BA7.30%

WBD7.15%

CAR5.33%

BA5.21%

NSC4.79%

KVUE4.65%

UNH3.99%

MASI2.93%

Other1.96%

Position Outcomes

Best and worst performing positions by estimated return

Top Winners

DAWN1Q held

DAY ONE BIOPHARMACEUTICALS I

Avg $10.03 · $9.1M est. P&L

Est. P&L

+113.86%

APLS1Q held

APELLIS PHARMACEUTICALS INC

Avg $20.16 · $109.6M est. P&L

Est. P&L

+103.52%

FPS1Q held

FORGENT POWER SOLUTIONS INC

Avg $29.27 · $2.5M est. P&L

Est. P&L

+53.81%

Top Losers

Upgrade to Pro to see the worst-performing positions.

View plans

Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.

Top Holdings92 positions

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Activity:

Stock	Shares	Value	Weight	Price Trend	Avg Buy	Est. P&L	Held	Conviction
EA ELECTRONIC ARTS INC	12.8M	$2.6B	13.5%	—	$202.96	-1.14%	3 qtrssince 2025-Q3	Increased 72
SPY PUT STATE STR SPDR S&P 500 ETF T	3M	$2B	10.1%	—	—	—	—	Increased —
BA BOEING CO	7.1M	$1.4B	7.3%	—	$209.78	+5.11%	20 qtrssince 2021-Q2	Increased 66
WBD WARNER BROS DISCOVERY INC	50.2M	$1.4B	7.2%	—	$23.45	+15.48%	3 qtrssince 2025-Q3	Increased 68
CAR AVIS BUDGET GROUP INC	7M	$1B	5.3%	—	$99.43	+50.98%	9 qtrssince 2024-Q1	Increased 100
BA PUT BOEING CO	5M	$1B	5.2%	—	—	—	—	Decreased —
NSC NORFOLK SOUTHN CORP	3.2M	$924.1M	4.8%	—	$297.47	+5.89%	3 qtrssince 2025-Q3	Increased 62
KVUE KENVUE INC	52M	$896.5M	4.6%	—	$16.77	+1.97%	5 qtrssince 2025-Q1	Decreased 0
UNH CALL UNITEDHEALTH GROUP INC	2.8M	$768.5M	4.0%	—	—	—	—	Increased —
MASI MASIMO CORP	3.2M	$564.9M	2.9%	—	$175.36	+1.77%	1 qtr	New 81
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