Pentwater Capital Management LP reported 45 positions worth $7.62B for the quarter ended Jun 30, 2026, up 8.2% on the prior quarter. It opened 22 new positions, added to 7, trimmed 13 and exited 15. Its largest holding is Boeing Co at 17.6% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| ROKU Roku, Inc | +4.33M | – | $597.46M | 7.84% |
| CZR Caesars Entertainment, Inc. | +8.82M | +332.6% | $266.04M | 4.54% |
| OGN Organon & Co. | +18.10M | – | $245.07M | 3.21% |
| D Dominion Energy, Inc | +3.50M | – | $239.02M | 3.13% |
| TXNM Txnm Energy Inc | +3.69M | +131.7% | $209.38M | 4.83% |
| ECHO EchoStar CORP | +1.50M | +63.6% | $152.25M | 5.14% |
| THC Tenet Healthcare Corp | +640.0K | +512.0% | $119.73M | 1.88% |
| GSAT Globalstar, Inc. | +1.36M | – | $110.15M | 1.44% |
| ACA Arcosa, Inc. | +660.0K | – | $95.89M | 1.26% |
| PAYO Payoneer Global Inc. | +9.89M | – | $70.41M | 0.923% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| CAR Avis Budget Group, Inc. | -4.54M | -64.3% | $670.41M | 4.87% |
| CORZ Core Scientific, Inc. | -24.32M | -97.8% | $622.23M | 0.18% |
| ACLX GILEAD SCIENCES INC- CVR CONTINGENT VALUE RIGHT | -2.87M | -100.0% | $329.53M | Exited |
| NFLX Netflix Inc | -3.09M | -100.0% | $296.91M | Exited |
| UNH Unitedhealth Group Inc | -494.2K | -96.5% | $205.42M | 0.097% |
| BA Boeing Co | -869.5K | -12.3% | $188.22M | 17.6% |
| NSC Norfolk Southern Corp | -445.0K | -13.8% | $139.99M | 11.45% |
| TECK Teck Resources Ltd | -1.00M | -14.4% | $59.46M | 4.65% |
| UAL United Airlines Holdings, Inc. | -500.0K | -100.0% | $46.04M | Exited |
| PNFP Pinnacle Financial Partners, Inc. | -300.0K | -100.0% | $25.84M | Exited |
| Holding | Shares | Trade Value | Weight |
|---|---|---|---|
| ROKU Roku, Inc | +4.33M | $597.46M | 7.84% |
| OGN Organon & Co. | +18.10M | $245.07M | 3.21% |
| D Dominion Energy, Inc | +3.50M | $239.02M | 3.13% |
| GSAT Globalstar, Inc. | +1.36M | $110.15M | 1.44% |
| ACA Arcosa, Inc. | +660.0K | $95.89M | 1.26% |
| PAYO Payoneer Global Inc. | +9.89M | $70.41M | 0.923% |
| SPCX Space Exploration Technologies Corp | +230.0K | $39.30M | 0.515% |
| TECH BIO-TECHNE Corp | +500.0K | $35.33M | 0.463% |
| AXTA Axalta Coating Systems Ltd. | +756.8K | $25.90M | 0.34% |
| MU Micron Technology Inc | +18.0K | $20.78M | 0.272% |
| Holding | Shares Sold | Trade Value | Prior Weight |
|---|---|---|---|
| ACLX GILEAD SCIENCES INC- CVR CONTINGENT VALUE RIGHT | -2.87M | $329.53M | 4.68% |
| NFLX Netflix Inc | -3.09M | $296.91M | 4.21% |
| UAL United Airlines Holdings, Inc. | -500.0K | $46.04M | 0.653% |
| PNFP Pinnacle Financial Partners, Inc. | -300.0K | $25.84M | 0.367% |
| GPCR Structure Therapeutics Inc. | -245.0K | $11.81M | 0.168% |
| RNA Atrium Therapeutics, Inc. | -602.6K | $8.06M | 0.114% |
| UPS United Parcel Service Inc | -45.0K | $4.43M | 0.063% |
| BATRK Atlanta Braves Holdings, Inc. | -20.0K | $854.00K | 0.012% |
| CRWV CoreWeave, Inc. | -9,500 | $735.97K | 0.01% |
| FRMI Fermi Inc. | -125.0K | $730.00K | 0.01% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | BA Boeing Co | Industrials | 6.20M | $1.34B | 17.6% | -869.5K | -12.3% | Reduced | 0.78% |
| 2 | KVUE Kenvue Inc. | Consumer Staples | 51.13M | $977.09M | 12.81% | -870.0K | -1.7% | Reduced | 2.66% |
| 3 | NSC Norfolk Southern Corp | Industrials | 2.78M | $872.99M | 11.45% | -445.0K | -13.8% | Reduced | 1.24% |
| 4 | ROKU Roku, Inc | Technology | 4.33M | $597.46M | 7.84% | +4.33M | – | New | 3.28% |
| 5 | ECHO EchoStar CORP | Communication Services | 3.86M | $391.79M | 5.14% | +1.50M | +63.6% | Added | 1.33% |
| 6 | CAR Avis Budget Group, Inc. | Consumer Discretionary | 2.51M | $371.54M | 4.87% | -4.54M | -64.3% | Reduced | 7.11% |
| 7 | TXNM Txnm Energy Inc | Utilities | 6.49M | $368.36M | 4.83% | +3.69M | +131.7% | Added | 5.84% |
| 8 | TECK Teck Resources Ltd | Basic Materials | 5.96M | $354.38M | 4.65% | -1.00M | -14.4% | Reduced | 1.21% |
| 9 | CZR Caesars Entertainment, Inc. | Consumer Discretionary | 11.47M | $346.01M | 4.54% | +8.82M | +332.6% | Added | 5.62% |
| 10 | GEO Geo Group Inc | Industrials | 10.58M | $312.70M | 4.1% | +1.02M | +10.6% | Added | 8% |
| 11 | OGN Organon & Co. | Healthcare | 18.10M | $245.07M | 3.21% | +18.10M | – | New | 6.89% |
| 12 | D Dominion Energy, Inc | Utilities | 3.50M | $239.02M | 3.13% | +3.50M | – | New | 0.4% |
| 13 | SGRY Surgery Partners, Inc. | Healthcare | 11.63M | $195.38M | 2.56% | -1.03M | -8.1% | Reduced | 8.89% |
| 14 | CCL Carnival Corp Ltd. | Consumer Discretionary | 5.71M | $162.99M | 2.14% | -355.0K | -5.9% | Reduced | 0.41% |
| 15 | SLAB Silicon Laboratories Inc. | Technology | 741.7K | $162.11M | 2.13% | +241.7K | +48.3% | Added | 2.25% |
Tip. Select a row to see that position’s full history at Pentwater Capital Management.
As of its Q2 2026 13F filing, Pentwater Capital Management LP’s five largest positions were Boeing Co (BA) at 17.6%, Kenvue Inc. (KVUE) at 12.8%, Norfolk Southern Corp (NSC) at 11.4%, Roku, Inc (ROKU) at 7.8%, EchoStar CORP (ECHO) at 5.1% of the reported portfolio.
Pentwater Capital Management LP reported a 13F portfolio worth $7.62B across 45 positions for Q2 2026. That is up 8.2% from the previous quarter.
Its largest purchases by value were Roku, Inc ($597.46M), Caesars Entertainment, Inc. ($266.04M), Organon & Co. ($245.07M). It opened 22 new positions.
Its largest sales by value were Avis Budget Group, Inc. ($670.41M), Core Scientific, Inc. ($622.23M), GILEAD SCIENCES INC- CVR CONTINGENT VALUE RIGHT ($329.53M). It exited 15 positions entirely.
From the Form 13F-HR reports Pentwater Capital Management LP files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.