2026 Q1 Portfolio Activity
In 2026 Q1, Pentwater Capital Management LP maintained a portfolio of 122 distinct positions. The most significant new addition was MASIMO CORP, now representing 2.93% of the total fund value. They heavily accumulated shares in STATE STR SPDR S&P 500 ETF T, increasing the position by 29975.0%. Conversely, Pentwater Capital Management LP completely exited their position in SPDR S&P 500 ETF TR.
Position History
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Total Positions
122
Quarter
2026 Q1
Top Holding
EA (13.5%)
Top 10 Concentration
65.0%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 122
Pentwater Capital Management LP Full Holdings List — 2026 Q1
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
EA
ELECTRONIC ARTS...
|
Communication Services | 13.54% | 11.76% |
#1
Prev: #1
|
8.0 |
—
|
1,857,500 | 17.0% |
P
S
|
12,807,500 | $2,611,065,025 | 2023 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SPY
PUT
STATE STR SPDR ...
|
PUT Option | 10.14% | 8.19% |
#2
Prev: #2
|
8.0 |
—
|
722,500 | 31.6% |
P
S
|
3,007,500 | $1,955,897,550 | 2008 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BA
BOEING CO
|
Industrials | 7.30% | 7.54% |
#3
1
Prev: #4
|
5.9 |
—
|
459,500 | 7.0% |
P
S
|
7,069,500 | $1,407,042,585 | 2019 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
WBD
WARNER BROS DIS...
|
Communication Services | 7.15% | 6.98% |
#4
1
Prev: #5
|
5.4 |
—
|
4,170,000 | 9.1% |
P
S
|
50,245,000 | $1,379,727,700 | 2018 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CAR
AVIS BUDGET GRO...
|
Industrials | 5.33% | 2.09% |
#5
8
Prev: #13
|
5.6 |
—
|
3,946,900 | 127.3% |
P
S
|
7,048,300 | $1,027,994,555 | 2012 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
BA
PUT
BOEING CO
|
PUT Option | 5.21% | 6.26% |
#6
Prev: #6
|
2.6 |
—
|
-440,000 | -8.0% |
P
S
|
5,045,000 | $1,004,106,350 | 2019 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
NSC
NORFOLK SOUTHN ...
|
Industrials | 4.79% | 4.58% |
#7
2
Prev: #9
|
3.9 |
—
|
201,000 | 6.7% |
P
S
|
3,220,000 | $924,140,000 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
KVUE
KENVUE INC
|
Consumer Defensive | 4.65% | 5.14% |
#8
1
Prev: #7
|
2.4 |
—
|
-4,720,600 | -8.3% |
P
S
|
52,000,000 | $896,480,000 | 2023 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
UNH
CALL
UNITEDHEALTH GR...
|
CALL Option | 3.99% | 4.92% |
#9
1
Prev: #8
|
2.1 |
—
|
5,000 | 0.2% |
P
S
|
2,840,000 | $768,475,600 | 2019 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
MASI
MASIMO CORP
|
Healthcare | 2.93% | — |
#10
Prev: #—
|
4.7 |
—
|
3,176,000 | — |
NEW
|
3,176,000 | $564,915,120 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SPY
STATE STR SPDR ...
|
ETF | 1.96% | 0.04% |
#11
50
Prev: #61
|
3.8 |
—
|
570,000 | 5700.0% |
P
S
|
580,000 | $377,197,200 | 2008 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CORZ
CORE SCIENTIFIC...
|
Technology | 1.93% | 1.96% |
#12
2
Prev: #14
|
1.3 |
—
|
-763,000 | -3.0% |
P
S
|
24,852,000 | $371,785,920 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
TECK
TECK RESOURCES ...
|
Basic Materials | 1.87% | 1.64% |
#13
4
Prev: #17
|
2.7 |
—
|
460,000 | 7.1% |
P
S
|
6,960,000 | $360,180,000 | 2023 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
HOLX
HOLOGIC INC
|
Healthcare | 1.76% | 1.66% |
#14
2
Prev: #16
|
2.7 |
—
|
252,724 | 5.9% |
P
S
|
4,500,224 | $340,171,932 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
ACLX
ARCELLX INC
|
Healthcare | 1.71% | — |
#15
Prev: #—
|
4.2 |
—
|
2,870,000 | — |
NEW
|
2,870,000 | $329,533,400 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CNTA
CENTESSA PHARMA...
|
Healthcare | 1.68% | — |
#16
Prev: #—
|
4.2 |
—
|
8,170,000 | — |
NEW
|
8,170,000 | $324,512,400 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
NFLX
PUT
NETFLIX INC.
|
PUT Option | 1.68% | 0.18% |
#17
31
Prev: #48
|
3.7 |
—
|
3,000,000 | 833.3% |
P
S
|
3,360,000 | $323,064,000 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
NFLX
NETFLIX INC.
|
Communication Services | 1.54% | 0.16% |
#18
31
Prev: #49
|
3.6 |
—
|
2,768,000 | 865.0% |
P
S
|
3,088,000 | $296,911,200 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SATS
ECHOSTAR CORP
|
Communication Services | 1.43% | 0.41% |
#19
18
Prev: #37
|
3.6 |
—
|
1,648,300 | 231.6% |
P
S
|
2,360,000 | $276,285,200 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CWAN
CLEARWATER ANAL...
|
Technology | 1.40% | 0.33% |
#20
19
Prev: #39
|
3.6 |
—
|
8,785,000 | 337.9% |
P
S
|
11,385,000 | $269,255,250 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
APLS
APELLIS PHARMAC...
|
Healthcare | 1.10% | — |
#21
Prev: #—
|
3.9 |
—
|
5,250,000 | — |
NEW
|
5,250,000 | $211,207,500 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
FOLD
AMICUS THERAPEU...
|
Healthcare | 1.05% | 0.86% |
#22
1
Prev: #21
|
2.9 |
—
|
2,500,000 | 21.7% |
P
S
|
14,000,000 | $202,440,000 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
DBRG
DIGITALBRIDGE G...
|
Financial Services | 0.94% | 0.93% |
#23
4
Prev: #19
|
0.9 |
—
|
250,000 | 2.2% |
P
S
|
11,750,000 | $181,185,000 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
UNH
PUT
UNITEDHEALTH GR...
|
PUT Option | 0.91% | — |
#24
Prev: #—
|
3.9 |
—
|
645,000 | — |
NEW
|
645,000 | $174,530,550 | 2019 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
TXNM
TXNM ENERGY INC
|
Utilities | 0.85% | 0.51% |
#25
8
Prev: #33
|
3.3 |
—
|
1,149,000 | 69.6% |
P
S
|
2,800,000 | $163,688,000 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
GEO
GEO GROUP INC
|
Industrials | 0.83% | 0.50% |
#26
8
Prev: #34
|
3.3 |
—
|
3,717,300 | 63.6% |
P
S
|
9,565,000 | $160,787,650 | 2019 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CCL
CARNIVAL CORP
|
Consumer Cyclical | 0.81% | 0.70% |
#27
1
Prev: #26
|
2.8 |
—
|
1,685,000 | 38.5% |
P
S
|
6,060,000 | $156,832,800 | 2020 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
AL
AIR LEASE CORP
|
Industrials | 0.81% | 0.76% |
#28
4
Prev: #24
|
2.3 |
—
|
156,825 | 7.0% |
P
S
|
2,396,825 | $155,649,816 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SGRY
SURGERY PARTNER...
|
Healthcare | 0.78% | 0.81% |
#29
7
Prev: #22
|
2.8 |
—
|
2,655,000 | 26.6% |
P
S
|
12,655,000 | $150,847,600 | 2024 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
UNH
UNITEDHEALTH GR...
|
Healthcare | 0.72% | 0.69% |
#30
2
Prev: #28
|
2.8 |
—
|
117,000 | 29.6% |
P
S
|
512,000 | $138,542,080 | 2019 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
WBD
PUT
WARNER BROS DIS...
|
PUT Option | 0.69% | 0.53% |
#31
1
Prev: #32
|
2.8 |
—
|
1,351,900 | 38.4% |
P
S
|
4,871,900 | $133,782,374 | 2018 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
WBS
WEBSTER FINL CO...
|
Financial Services | 0.67% | — |
#32
Prev: #—
|
3.8 |
—
|
1,866,090 | — |
NEW
|
1,866,090 | $129,543,968 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
LBRDK
LIBERTY BROADBA...
|
Communication Services | 0.65% | 0.64% |
#33
3
Prev: #30
|
1.3 |
—
|
no change | no change |
P
S
|
2,493,644 | $125,430,293 | 2024 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
NFLX
CALL
NETFLIX INC.
|
CALL Option | 0.64% | 0.06% |
#34
20
Prev: #54
|
3.3 |
—
|
1,155,000 | 924.0% |
P
S
|
1,280,000 | $123,072,000 | 2025 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CAR
CALL
AVIS BUDGET GRO...
|
CALL Option | 0.59% | 0.05% |
#35
22
Prev: #57
|
3.2 |
—
|
705,800 | 1008.3% |
P
S
|
775,800 | $113,150,430 | 2012 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
SLAB
SILICON LABORAT...
|
Technology | 0.54% | — |
#36
Prev: #—
|
3.7 |
—
|
500,000 | — |
NEW
|
500,000 | $104,075,000 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
QQQ
PUT
INVESCO QQQ TR
|
PUT Option | 0.51% | — |
#37
Prev: #—
|
3.7 |
—
|
170,000 | — |
NEW
|
170,000 | $98,120,600 | 2018 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CORZ
PUT
CORE SCIENTIFIC...
|
PUT Option | 0.45% | 0.11% |
#38
13
Prev: #51
|
3.2 |
—
|
4,400,000 | 314.3% |
P
S
|
5,800,000 | $86,768,000 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CCL
PUT
CARNIVAL CORP
|
PUT Option | 0.43% | 0.43% |
#39
3
Prev: #36
|
2.2 |
—
|
525,000 | 19.8% |
P
S
|
3,175,000 | $82,169,000 | 2020 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CZR
CAESARS ENTERTA...
|
Consumer Cyclical | 0.36% | — |
#40
Prev: #—
|
3.6 |
—
|
2,650,000 | — |
NEW
|
2,650,000 | $70,039,500 | 2013 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
KVUE
CALL
KENVUE INC
|
CALL Option | 0.28% | 0.37% |
#41
3
Prev: #38
|
0.1 |
—
|
-1,000,000 | -24.4% |
P
S
|
3,100,000 | $53,444,000 | 2023 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
UAL
PUT
UNITED AIRLS HL...
|
PUT Option | 0.25% | — |
#42
Prev: #—
|
3.6 |
—
|
530,000 | — |
NEW
|
530,000 | $48,797,100 | 2020 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
CORZ
CALL
CORE SCIENTIFIC...
|
CALL Option | 0.25% | 0.18% |
#43
4
Prev: #47
|
2.6 |
—
|
875,000 | 37.6% |
P
S
|
3,200,000 | $47,872,000 | 2025 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
UAL
UNITED AIRLS HL...
|
Industrials | 0.24% | — |
#44
Prev: #—
|
3.6 |
—
|
500,000 | — |
NEW
|
500,000 | $46,035,000 | 2020 Q2 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
OS
ONESTREAM INC
|
Technology | 0.24% | — |
#45
Prev: #—
|
3.6 |
—
|
1,890,000 | — |
NEW
|
1,890,000 | $45,360,000 | 2026 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
PSKY
PARAMOUNT SKYDA...
|
Communication Services | 0.19% | 0.24% |
#46
3
Prev: #43
|
2.1 |
—
|
649,500 | 18.8% |
P
S
|
4,100,000 | $36,982,000 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
HCA
HCA HEALTHCARE ...
|
Healthcare | 0.18% | — |
#47
Prev: #—
|
3.6 |
—
|
75,000 | — |
NEW
|
75,000 | $35,493,000 | 2020 Q1 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
QQQ
INVESCO QQQ TR
|
ETF | 0.18% | — |
#48
Prev: #—
|
3.6 |
—
|
60,000 | — |
NEW
|
60,000 | $34,630,800 | 2018 Q4 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
PSKY
PUT
PARAMOUNT SKYDA...
|
PUT Option | 0.17% | 0.26% |
#49
7
Prev: #42
|
1.1 |
—
|
no change | no change |
P
S
|
3,700,000 | $33,374,000 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 | |||
|
NSC
PUT
NORFOLK SOUTHN ...
|
PUT Option | 0.15% | — |
#50
Prev: #—
|
3.6 |
—
|
103,300 | — |
NEW
|
103,300 | $29,647,100 | 2025 Q3 | 13F Filing | 2026-03-31 | 2026-05-15 |
Showing 1-50 of 122 holdings