# Pentwater Capital Management LP: Form 13F holdings

An institutional investment manager in Naples, FL. SEC CIK 1425851.

- Quarter ended: 2026-06-30
- Filed: 2026-08-14
- Reported value: $16.35bn
- Positions: 90 (90 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/1425851/000114036126033162/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| ELECTRONIC ARTS INC | COM | $2.76bn | 16.9% | 13,475,000 |  | Added +667,500 |
| [BOEING CO (BA)](/companies/ba.md) | COM | $1.34bn | 8.2% | 6,200,000 |  | Reduced −869,500 |
| WARNER BROS DISCOVERY INC | COM SER A | $1.27bn | 7.8% | 47,576,000 |  | Reduced −2,669,000 |
| [STATE STR SPDR S&P 500 ETF T (SPY)](/companies/spy.md) | TR UNIT | $1.06bn | 6.5% | 1,422,500 | Put | Reduced −1,585,000 |
| [KENVUE INC (KVUE)](/companies/kvue.md) | COM | $977.1m | 6.0% | 51,130,000 |  | Reduced −870,000 |
| [NORFOLK SOUTHN CORP (NSC)](/companies/nsc.md) | COM | $873.0m | 5.3% | 2,775,000 |  | Reduced −445,000 |
| [BOEING CO (BA)](/companies/ba.md) | COM | $828.0m | 5.1% | 3,825,000 | Put | Reduced −1,220,000 |
| [UNITEDHEALTH GROUP INC (UNH)](/companies/unh.md) | COM | $777.2m | 4.8% | 1,870,000 | Call | Reduced −970,000 |
| [ROKU INC (ROKU)](/companies/roku.md) | COM CL A | $597.5m | 3.7% | 4,325,000 |  | New +4,325,000 |
| [ECHOSTAR CORP (ECHO)](/companies/echo.md) | CL A | $391.8m | 2.4% | 3,860,000 |  | Added +1,500,000 |
| [AVIS BUDGET GROUP INC (CAR)](/companies/car.md) | COM | $371.5m | 2.3% | 2,513,300 |  | Reduced −4,535,000 |
| [TXNM ENERGY INC (TXNM)](/companies/txnm.md) | COM | $368.4m | 2.3% | 6,487,500 |  | Added +3,687,500 |
| [TECK RESOURCES LTD (TECK)](/companies/teck.md) | CL B | $354.4m | 2.2% | 5,960,000 |  | Reduced −1,000,000 |
| [CAESARS ENTERTAINMENT INC NE (CZR)](/companies/czr.md) | COM | $346.0m | 2.1% | 11,465,000 |  | Added +8,815,000 |
| [GEO GROUP INC (GEO)](/companies/geo.md) | COM | $312.7m | 1.9% | 10,582,000 |  | Added +1,017,000 |
| [ORGANON & CO (OGN)](/companies/ogn.md) | COMMON STOCK | $245.1m | 1.5% | 18,100,000 |  | New +18,100,000 |
| [DOMINION ENERGY INC (D)](/companies/d.md) | COM | $239.0m | 1.5% | 3,500,000 |  | New +3,500,000 |
| DIGITALBRIDGE GROUP INC | CL A NEW | $198.8m | 1.2% | 12,600,000 |  | Added +850,000 |
| [SURGERY PARTNERS INC (SGRY)](/companies/sgry.md) | COM | $195.4m | 1.2% | 11,630,000 |  | Reduced −1,025,000 |
| APOGEE THERAPEUTICS INC | COM | $189.1m | 1.2% | 1,425,000 |  | New +1,425,000 |
| CARNIVAL CORP LTD | COMMON SHARES | $163.0m | 1.0% | 5,705,000 |  | New +5,705,000 |
| [SILICON LABORATORIES INC (SLAB)](/companies/slab.md) | COM | $162.1m | 1.0% | 741,725 |  | Added +241,725 |
| NUVALENT INC | COM | $145.1m | 0.9% | 1,175,000 |  | New +1,175,000 |
| [TENET HEALTHCARE CORP (THC)](/companies/thc.md) | COM NEW | $143.1m | 0.9% | 765,000 |  | Added +640,000 |
| [UNITEDHEALTH GROUP INC (UNH)](/companies/unh.md) | COM | $137.9m | 0.8% | 331,700 | Put | Reduced −313,300 |
| WARNER BROS DISCOVERY INC | COM SER A | $128.6m | 0.8% | 4,821,900 | Put | Reduced −50,000 |
| [PARAMOUNT SKYDANCE CORP (SKYD)](/companies/skyd.md) | COM CL B | $118.3m | 0.7% | 12,000,000 |  | Added +7,900,000 |
| [GLOBALSTAR INC (GSAT)](/companies/gsat.md) | COM NEW | $110.1m | 0.7% | 1,355,000 |  | New +1,355,000 |
| [SPACE EXPLORATION TECHN CORP (SPCX)](/companies/spcx.md) | CLASS A COM STK | $109.4m | 0.7% | 640,000 | Put | New +640,000 |
| [PARAMOUNT SKYDANCE CORP (SKYD)](/companies/skyd.md) | COM CL B | $98.1m | 0.6% | 9,950,000 | Put | Added +6,250,000 |
| [ARCOSA INC (ACA)](/companies/aca.md) | COM | $95.9m | 0.6% | 660,000 |  | New +660,000 |
| [BOEING CO (BA)](/companies/ba.md) | COM | $86.6m | 0.5% | 400,000 | Call | Added +350,000 |
| [MICRON TECHNOLOGY INC (MU)](/companies/mu.md) | COM | $85.4m | 0.5% | 74,000 | Call | New +74,000 |
| CARNIVAL CORP LTD | COMMON SHARES | $84.3m | 0.5% | 2,950,000 | Put | New +2,950,000 |
| LIBERTY BROADBAND CORP | COM SER C | $82.9m | 0.5% | 2,493,644 |  | Unchanged |
| [ECHOSTAR CORP (ECHO)](/companies/echo.md) | CL A | $73.1m | 0.4% | 720,000 | Put | Added +600,000 |
| [PAYONEER GLOBAL INC (PAYO)](/companies/payo.md) | COM | $70.4m | 0.4% | 9,888,410 |  | New +9,888,410 |
| [MICRON TECHNOLOGY INC (MU)](/companies/mu.md) | COM | $68.1m | 0.4% | 59,000 | Put | New +59,000 |
| SKYWATER TECHNOLOGY INC | COM | $62.9m | 0.4% | 1,807,000 |  | New +1,807,000 |
| [HCA HEALTHCARE INC (HCA)](/companies/hca.md) | COM | $50.7m | 0.3% | 130,000 |  | Added +55,000 |
| [HUMANA INC (HUM)](/companies/hum.md) | COM | $39.7m | 0.2% | 100,000 | Call | New +100,000 |
| [SPACE EXPLORATION TECHN CORP (SPCX)](/companies/spcx.md) | CLASS A COM STK | $39.3m | 0.2% | 230,000 |  | New +230,000 |
| [BIO-TECHNE CORP (TECH)](/companies/tech.md) | COM | $35.3m | 0.2% | 500,000 |  | New +500,000 |
| [CORE SCIENTIFIC INC NEW (CORZ)](/companies/corz.md) | COM | $33.3m | 0.2% | 1,300,000 | Put | Reduced −4,500,000 |
| [NORFOLK SOUTHN CORP (NSC)](/companies/nsc.md) | COM | $32.5m | 0.2% | 103,300 | Put | Unchanged |
| [STATE STR SPDR S&P 500 ETF T (SPY)](/companies/spy.md) | TR UNIT | $29.9m | 0.2% | 40,000 |  | Reduced −540,000 |
| INVESCO QQQ TR | UNIT SER 1 | $29.5m | 0.2% | 40,000 | Put | Reduced −130,000 |
| [IONQ INC (IONQ)](/companies/ionq.md) | COM | $28.1m | 0.2% | 526,800 | Put | New +526,800 |
| AXALTA COATING SYS LTD | COM | $25.9m | 0.2% | 756,762 |  | New +756,762 |
| [TENET HEALTHCARE CORP (THC)](/companies/thc.md) | COM NEW | $22.4m | 0.1% | 120,000 | Put | New +120,000 |
| [MICRON TECHNOLOGY INC (MU)](/companies/mu.md) | COM | $20.8m | 0.1% | 18,000 |  | New +18,000 |
| [CORE SCIENTIFIC INC NEW (CORZ)](/companies/corz.md) | COM | $20.5m | 0.1% | 800,000 | Call | Reduced −2,400,000 |
| AVANOS MED INC | COM | $18.7m | 0.1% | 750,000 |  | New +750,000 |
| ISHARES TR | MSCI UK ETF NEW | $18.5m | 0.1% | 400,000 | Put | Reduced −100,000 |
| [CORE SCIENTIFIC INC NEW (CORZ)](/companies/corz.md) | COM | $13.7m | <0.1% | 536,594 |  | Reduced −24,315,406 |
| [HCA HEALTHCARE INC (HCA)](/companies/hca.md) | COM | $13.6m | <0.1% | 35,000 | Put | New +35,000 |
| [ORACLE CORP (ORCL)](/companies/orcl.md) | COM | $13.2m | <0.1% | 90,000 |  | Reduced −65,000 |
| ISHARES INC | MSCI GERMANY ETF | $12.4m | <0.1% | 300,000 | Put | Unchanged |
| [ECHOSTAR CORP (ECHO)](/companies/echo.md) | CL A | $12.2m | <0.1% | 120,000 | Call | Added +70,000 |
| SINDA LTD | COMMON STOCK | $9.6m | <0.1% | 800,000 |  | New +800,000 |
| [HUMANA INC (HUM)](/companies/hum.md) | COM | $7.9m | <0.1% | 20,000 | Put | New +20,000 |
| [HUMANA INC (HUM)](/companies/hum.md) | COM | $7.5m | <0.1% | 19,000 |  | New +19,000 |
| [UNITEDHEALTH GROUP INC (UNH)](/companies/unh.md) | COM | $7.4m | <0.1% | 17,758 |  | Reduced −494,242 |
| [AES CORP (AES)](/companies/aes.md) | COM | $7.3m | <0.1% | 500,000 |  | Unchanged |
| [ORACLE CORP (ORCL)](/companies/orcl.md) | COM | $7.3m | <0.1% | 50,000 | Put | Reduced −20,000 |
| [METALS RTY CO INC (TMCR)](/companies/tmcr.md) | COM SHS | $6.6m | <0.1% | 919,230 |  | New +919,230 |
| KRANESHARES TRUST | CSI CHI INTERNET | $6.1m | <0.1% | 250,000 |  | Unchanged |
| [SUNSHINE SILVER MNG & REFNG (SSMR)](/companies/ssmr.md) | COMMON STOCK | $5.8m | <0.1% | 439,400 |  | New +439,400 |
| [GENEDX HOLDINGS CORP (WGS)](/companies/wgs.md) | COM CL A | $5.7m | <0.1% | 82,500 |  | New +82,500 |
| LIBERTY BROADBAND CORP | COM SER A | $5.7m | <0.1% | 170,000 |  | Unchanged |
| [AMC ENTMT HLDGS INC (AMC)](/companies/amc.md) | CL A NEW | $4.3m | <0.1% | 2,250,000 |  | Reduced −7,120,686 |
| ISHARES INC | MSCI AUST ETF | $4.2m | <0.1% | 150,000 | Put | New +150,000 |
| GLOBAL X FDS | GLOBAL X COPPER | $3.8m | <0.1% | 50,000 | Put | Added +12,500 |
| VANECK ETF TRUST | GOLD MINERS ETF | $3.8m | <0.1% | 50,000 | Put | Unchanged |
| [FORGENT POWER SOLUTIONS INC (FPS)](/companies/fps.md) | COM SHS CL A | $3.6m | <0.1% | 65,000 |  | Reduced −95,000 |
| [DAUCH CORP (DCH)](/companies/dch.md) | COM | $2.8m | <0.1% | 519,790 |  | Unchanged |
| [SYNAPTICS INC (SYNA)](/companies/syna.md) | COM | $2.5m | <0.1% | 20,000 |  | New +20,000 |
| [SEAPORT THERAPEUTICS INC (SPTX)](/companies/sptx.md) | COMMON STOCK | $1.8m | <0.1% | 83,000 |  | New +83,000 |
| [CONSTELLATION ENERGY CORP (CEG)](/companies/ceg.md) | COM | $1.7m | <0.1% | 7,000 |  | New +7,000 |
| [CORECIVIC INC (CXW)](/companies/cxw.md) | COM | $1.5m | <0.1% | 50,000 |  | Unchanged |
| [KARMAN HLDGS INC (KRMN)](/companies/krmn.md) | COMMON STOCK | $1.2m | <0.1% | 25,000 |  | New +25,000 |
| [MEDLINE INC (MDLN)](/companies/mdln.md) | COM CL A | $1.2m | <0.1% | 30,000 |  | Reduced −20,000 |
| WARNER BROS DISCOVERY INC | COM SER A | $1.1m | <0.1% | 42,500 | Call | New +42,500 |
| [CEREBRAS SYSTEMS INC (CBRS)](/companies/cbrs.md) | COM CL A | $1.1m | <0.1% | 5,000 |  | New +5,000 |
| NYXOAH S A | SHS | $1.0m | <0.1% | 600,000 |  | New +600,000 |
| [EROCK INC (EROC)](/companies/eroc.md) | CL A COM | $870.0k | <0.1% | 60,000 |  | New +60,000 |
| [MEDLINE INC (MDLN)](/companies/mdln.md) | COM CL A | $788.8k | <0.1% | 20,000 | Call | New +20,000 |
| [MEDLINE INC (MDLN)](/companies/mdln.md) | COM CL A | $591.6k | <0.1% | 15,000 | Put | New +15,000 |
| TAYLOR MORRISON HOME CORP | COM | $358.7k | <0.1% | 5,000 |  | New +5,000 |
| [ALLIED GOLD CORP (AAUC)](/companies/aauc.md) | COM NEW | $237.3k | <0.1% | 10,000 |  | New +10,000 |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| AIR LEASE CORP | CL A | $0 | 0.0% | 0 |  | Sold out −2,396,825 |
| AMICUS THERAPEUTIC | COM | $0 | 0.0% | 0 |  | Sold out −14,000,000 |
| APELLIS PHARMACEUTICALS INC | COM | $0 | 0.0% | 0 |  | Sold out −5,250,000 |
| ARCELLX INC | COMMON STOCK | $0 | 0.0% | 0 |  | Sold out −2,870,000 |
| [ATLANTA BRAVES HLDGS INC (BATRA)](/companies/batra.md) | COM SER C | $0 | 0.0% | 0 |  | Sold out −20,000 |
| [ATRIUM THERAPEUTICS INC (RNA)](/companies/rna.md) | COM | $0 | 0.0% | 0 |  | Sold out −602,649 |
| [AVIS BUDGET GROUP INC (CAR)](/companies/car.md) | COM | $0 | 0.0% | 0 | Call | Sold out −775,800 |
| CANTALOUPE INC | COM | $0 | 0.0% | 0 |  | Sold out −200,000 |
| CARNIVAL CORP | COMMON STOCK | $0 | 0.0% | 0 | Put | Sold out −3,175,000 |
| CARNIVAL CORP | COMMON STOCK | $0 | 0.0% | 0 | Call | Sold out −500,000 |
| CARNIVAL CORP | COMMON STOCK | $0 | 0.0% | 0 |  | Sold out −6,060,000 |
| CENTESSA PHARMACEUTICALS PLC | SPONSORED ADS | $0 | 0.0% | 0 |  | Sold out −8,170,000 |
| [CHARTER COMMUNICATIONS INC (CHTR)](/companies/chtr.md) | CL A | $0 | 0.0% | 0 | Put | Sold out −50,000 |
| [CIPHER DIGITAL INC (CIFR)](/companies/cifr.md) | COM | $0 | 0.0% | 0 |  | Sold out −15,000 |
| CLEARWATER ANALYTICS HLDGS I | CL A | $0 | 0.0% | 0 |  | Sold out −11,385,000 |
| [COREWEAVE INC (CRWV)](/companies/crwv.md) | COM CL A | $0 | 0.0% | 0 | Put | Sold out −5,000 |
| [COREWEAVE INC (CRWV)](/companies/crwv.md) | COM CL A | $0 | 0.0% | 0 |  | Sold out −9,500 |
| DAY ONE BIOPHARMACEUTICALS I | COM | $0 | 0.0% | 0 |  | Sold out −800,000 |
| ENTREPRENEURSHARES SERIES TR | ERSHARES PRIVATE | $0 | 0.0% | 0 |  | Sold out −46,000 |
| [FERMI INC (FRMI)](/companies/frmi.md) | COM | $0 | 0.0% | 0 | Call | Sold out −50,000 |
| [FERMI INC (FRMI)](/companies/frmi.md) | COM | $0 | 0.0% | 0 |  | Sold out −125,000 |
| [GALAXY DIGITAL INC. (GLXY)](/companies/glxy.md) | CL A | $0 | 0.0% | 0 |  | Sold out −20,000 |
| [GEO GROUP INC (GEO)](/companies/geo.md) | COM | $0 | 0.0% | 0 | Call | Sold out −50,000 |
| HOLOGIC INC | COM | $0 | 0.0% | 0 |  | Sold out −4,500,224 |
| INVESCO QQQ TR | UNIT SER 1 | $0 | 0.0% | 0 |  | Sold out −60,000 |
| [KENVUE INC (KVUE)](/companies/kvue.md) | COM | $0 | 0.0% | 0 | Call | Sold out −3,100,000 |
| [KENVUE INC (KVUE)](/companies/kvue.md) | COM | $0 | 0.0% | 0 | Put | Sold out −1,500,000 |
| [KRATOS DEFENSE & SEC SOLUTIO (KTOS)](/companies/ktos.md) | COM NEW | $0 | 0.0% | 0 |  | Sold out −5,000 |
| MASIMO CORP | COM | $0 | 0.0% | 0 |  | Sold out −3,176,000 |
| [NETFLIX INC. (NFLX)](/companies/nflx.md) | COM | $0 | 0.0% | 0 | Call | Sold out −1,280,000 |
| [NETFLIX INC. (NFLX)](/companies/nflx.md) | COM | $0 | 0.0% | 0 |  | Sold out −3,088,000 |
| [NETFLIX INC. (NFLX)](/companies/nflx.md) | COM | $0 | 0.0% | 0 | Put | Sold out −3,360,000 |
| ONESTREAM INC | CL A | $0 | 0.0% | 0 |  | Sold out −1,890,000 |
| [PINNACLE FINL PARTNERS INC (PNFP)](/companies/pnfp.md) | COM | $0 | 0.0% | 0 |  | Sold out −300,000 |
| [PURETECH HEALTH PLC (PTCHF)](/companies/ptchf.md) | ADS | $0 | 0.0% | 0 |  | Sold out −70,000 |
| [REDDIT INC (RDDT)](/companies/rddt.md) | CL A | $0 | 0.0% | 0 |  | Sold out −5,000 |
| [STATE STR SPDR S&P 500 ETF T (SPY)](/companies/spy.md) | TR UNIT | $0 | 0.0% | 0 | Call | Sold out −5,000 |
| [STRUCTURE THERAPEUTICS INC (GPCR)](/companies/gpcr.md) | SPONSORED ADS | $0 | 0.0% | 0 |  | Sold out −245,000 |
| [UNITED AIRLS HLDGS INC (UAL)](/companies/ual.md) | COM | $0 | 0.0% | 0 | Put | Sold out −530,000 |
| [UNITED AIRLS HLDGS INC (UAL)](/companies/ual.md) | COM | $0 | 0.0% | 0 |  | Sold out −500,000 |
| [UNITED PARCEL SVCS INC (UPS)](/companies/ups.md) | CL B | $0 | 0.0% | 0 |  | Sold out −45,000 |
| WEBSTER FINL CORP | COM | $0 | 0.0% | 0 |  | Sold out −1,866,090 |
| WHITEFIBER INC | SHS | $0 | 0.0% | 0 |  | Sold out −10,000 |
| WHITEFIBER INC | SHS | $0 | 0.0% | 0 | Call | Sold out −35,000 |

Source: SEC EDGAR, Form 13F-HR, accession 0001140361-26-033162. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.