Pentwater Capital Management LP
Q4 2025 13F-HR Holdings
Net value change ($000)
+1,142,477
(6.4%)
New positions
18
Sold out positions
36
Turnover %
42.5%
Sector allocation + QoQ delta (equities-only)
Snapshot: Change Analysis
Compared to Q3 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)
| EA | 1,269,254 | 131.1% |
| BA | 896,710 | 166.5% |
| WBD | 799,400 | 151.3% |
| EXAS | 736,310 | NEW |
| KVUE | 636,302 | 186.0% |
| RNAM | 434,691 | NEW |
| HOLX | 316,396 | NEW |
| DAY | 278,125 | 73.4% |
| CADE | 266,893 | NEW |
| TECK | 184,004 | 144.6% |
Top Reduces (Value $000, Stocks/ETFs)
| KEL | -820,200 | -100.0% |
| VRNA | -565,563 | -100.0% |
| Spirit AeroSystems Holdings, Inc. | -362,840 | -100.0% |
| SPY | -259,653 | -97.4% |
| CYBR | -242,989 | -13.7% |
| COOP | -210,158 | -100.0% |
| INFA | -182,574 | -100.0% |
| 89bio, Inc. | -172,725 | -100.0% |
| WNS | -159,786 | -100.0% |
| AMC | -141,016 | -100.0% |
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000):
5,197,740
(27.3% 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.
Filter:
Instrument:
| Issuer Name | Ticker | Sector | Industry | Class | History | Value ($000) | % | Shares | Shares Δ | Shares Δ% | Value Δ ($000) | Value Δ% | Principal | Option Type |
|---|