Pentwater Capital Management
Pentwater Capital Management reported 59 stocks worth $12.5B in its 13F filing for Q2 2026, filed Aug 14, 2026. Its largest holdings are Electronic Arts Inc (22.1%), BA (10.7%) and Warner Bros Discovery in (10.1%). Compared with Q1 2026, the fund opened new positions in ROKU, OGN and D, added to ECHO, TXNM and CZR, trimmed BA, KVUE and NSC and sold out of NFLX, UAL and QQQ.
Holdings
| # | Stock | Value | Weight | Shares | Change | Shares, 8 qtrs | Held |
|---|---|---|---|---|---|---|---|
| 1 | ELECTRONIC ARTS INC | $2.8B | 22.1% | 13.5M | +668K (+5%) | 4 of 8 | |
| 2 |  BA Boeing Co | $1.3B | 10.7% | 6.2M | −870K (−12%) | 8 of 8 | |
| 3 | WARNER BROS DISCOVERY IN | $1.3B | 10.1% | 47.6M | −2.7M (−5%) | 4 of 8 | |
| 4 |  KVUE Kenvue Inc | $977M | 7.8% | 51.1M | −870K (−2%) | 6 of 8 | |
| 5 |  NSC Norfolk Southn Corp | $873M | 7.0% | 2.8M | −445K (−14%) | 4 of 8 | |
| 6 |  ROKU Roku Inc Class A | $597M | 4.8% | 4.3M | New position | 1 of 8 | |
| 7 |  ECHO Echostar Corp | $392M | 3.1% | 3.9M | +1.5M (+64%) | 4 of 8 | |
| 8 |  CAR Avis Budget Group | $372M | 3.0% | 2.5M | −4.5M (−64%) | 8 of 8 | |
| 9 |  TXNM Txnm Energy Inc | $368M | 2.9% | 6.5M | +3.7M (+132%) | 5 of 8 | |
| 10 |  TECK Teck Resources Ltd | $354M | 2.8% | 6M | −1M (−14%) | 8 of 8 |
Positions at Jun 30, 2026, as reported. Change is against the fund's Q1 2026 filing; weight is the share of the fund's reported stocks.
Sold out
held in Q1 2026, gone in Q2 2026| Stock | Value last quarter | Shares sold |
|---|---|---|
MASIMO CORP | $565M | 3.2M |
HOLOGIC INC | $340M | 4.5M |
ARCELLX INC | $330M | 2.9M |
CENTESSA PHARMACEUTICALS PLC | $325M | 8.2M |
 NFLX Netflix Inc | $297M | 3.1M |
🔒 Free account: see all 30.
Options
valued at the underlying shares| Stock | Type | Value | Shares | Change |
|---|---|---|---|---|
 SPY Spdr S&P 500 ETF TR | Put | $1.1B | 1.4M | −1,585,000 |
BA Boeing Co | Put | $828M | 3.8M | −1,220,000 |
 UNH Unitedhealth Group Inc | Call | $777M | 1.9M | −970,000 |
UNH Unitedhealth Group Inc | Put | $138M | 332K | −313,300 |
WARNER BROS DISCOVERY IN | Put | $129M | 4.8M | −50,000 |
🔒 Free account: see all 20.
Reported value
last 8 quartersThe value of the US stocks the fund reported, at quarter end prices. It moves with the market as well as with buying and selling.
Filings for Q2 2026
straight from the SEC| Filed | Form | Quarter | |
|---|---|---|---|
| Aug 14, 2026 | 13F-HR | Q2 2026 | SEC filing ↗ |
Other superinvestors
All hedge fund holdings →Pentwater Capital Management 13F FAQ
What does Pentwater Capital Management own?
Pentwater Capital Management reported 59 stocks worth $12.5B in its 13F filing for Q2 2026, filed Aug 14, 2026. Its largest holdings are Electronic Arts Inc (22.1%), BA (10.7%) and Warner Bros Discovery in (10.1%). The table above lists every position in the filing (the top 10 without an account).
What did Pentwater Capital Management buy and sell in Q2 2026?
Compared with Q1 2026: 29 new positions, 10 added to, 14 trimmed and 30 sold out. New positions include ROKU, OGN and D. It sold all of NFLX, UAL and QQQ.
When will Pentwater Capital Management file its next 13F?
Holdings as of Sep 30, 2026 are due by Nov 16, 2026. The filing appears on this page within minutes of reaching the SEC.
How much is Pentwater Capital Management's portfolio worth?
The Q2 2026 filing reports $12.5B in US stocks ($16.4B including options). That leaves out cash, bonds, short positions and most foreign holdings, so the fund's total assets are usually larger.
For informational and educational purposes only. Not investment advice, and not a recommendation to buy or sell any security. Holdings come from the fund's SEC Form 13F filings as reported and show positions at the end of the quarter, up to 45 days before the filing. The fund may have changed its positions since. A 13F leaves out short positions, cash, bonds and most foreign holdings. See all hedge fund holdings.