Pentwater Capital Management LP
Annual return '25
+20.5%
SPY '25
+17.7%
Alpha
+2.8ptsvs SPY
Invested
$62.4B
Holdings
65
Trades YTD
0
Performance · Fund vs SPY
Cumulative return · quarterly snapshotsCoverage 100%. 4 quarters of 2025 measured against SPY adj-close benchmark.
Top holdings · current snapshot
Source: 13F-HR01
$EA
ELECTRONIC ARTS INC
Q3 2025: New position (4.80M shares)
13.5%
02
$BA
BOEING CO
Q3 2025: Sold 3.9% (9.16M → 8.80M shares)
12.6%
03
$SPY
STATE STR SPDR S&P 500 ETF T
Q3 2025: Sold 48.5% (12.12M → 6.24M shares)
12.1%
04
$WBD
WARNER BROS DISCOVERY INC
Q3 2025: New position (3.70M shares)
7.8%
05
$CAR
AVIS BUDGET GROUP INC
Q3 2025: Increased +10.6% (11.95M → 13.22M shares)
5.9%
06
$UNH
UNITEDHEALTH GROUP INC
Q3 2025: Sold 89.6% (2.90M → 300.0k shares)
5.6%
07
$KVUE
KENVUE INC
Q3 2025: Increased +4950.0% (600.0k → 30.30M shares)
5.1%
08
$NSC
NORFOLK SOUTHN CORP
Q3 2025: New position (2.75M shares)
4.9%
09
$NFLX
NETFLIX INC.
Held since at least Q1 2024
3.9%
10
$MASI
MASIMO CORP
Held since at least Q1 2024
2.9%
Recent trades · Last 90 days
No Form 4 / 13D / 13G trade events on file in the recent window. 13F filers report position snapshots quarterly rather than per-trade events, so this section is most useful for managers who also file Form 4 or 13D/G.
Convergence · Pattern Engine ships in v1.1
30-day windowIn development
Convergence participation lands with the Pattern Engine.
Once the Pattern Engine ships, this section will list every active convergence event this fund is named in — with the other named funds, the Congress members on the same name, and combined position size.
Source data: SEC EDGAR · 13F-HR filings · Performance through 2025-12-31 · Last refreshed 10:24 UTC.