Pentwater Capital Management LP

Q3 2025 13F-HR Holdings

Location
Naples, FL
Holdings as of
9/30/2025
Date filed
11/14/2025
Form type
13F-HR
Num holdings
110
Total value ($000)
$17,879,080
Net value change ($000)
+2,464,427 (16.0%)
New positions
34
Sold out positions
32
Turnover %
90.4%
Sector allocation + QoQ delta (equities-only)
Prev filing: 8/14/2025 Next filing: 2/17/2026 SEC filing

Snapshot: Change Analysis

Compared to Q2 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
CYBR 1,770,745 NEW
EA 968,160 NEW
NSC 826,128 NEW
VRNA 565,563 NEW
WBD 528,482 NEW
CORZ 403,209 1266.5%
DAY 378,895 NEW
KVUE 324,128 1800.7%
89bio, Inc. 172,725 NEW
WNS 159,786 NEW
Top Reduces (Value $000, Stocks/ETFs)
AHC -1,014,113 -100.0%
JNP -569,003 -100.0%
BPMC -499,902 -100.0%
SKAA -441,700 -100.0%
AKX -286,244 -100.0%
UNH -235,111 -77.3%
PARAV -197,370 -100.0%
ADY -168,747 -100.0%
Enstar Group LTD -148,368 -100.0%
AZEK -112,287 -100.0%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 6,741,107 (37.7% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type