PEPentwater Capital Management LP
Institutional investor · Portfolio as of Q2 2025
Top Holdings96 positions
SPDR S&P 500 ETF Trust | 6.1M | $3.7B | 24.3% | — | — | — | Increased — |
Hess Corp | 7.3M | $1B | 6.6% | — | — | 7 qtrssince 2023-Q4 | Increased 76 |
Boeing Co/The | 4.6M | $959.3M | 6.2% | — | — | — | Increased — |
Kellogg Co | 8.9M | $708.6M | 4.6% | $78.70 | -1.04% | 4 qtrssince 2024-Q3 | Increased 65 |
Avis Budget Group Inc | 4M | $673.6M | 4.4% | — | — | — | Increased — |
Juniper Networks Inc | 14.3M | $569M | 3.7% | — | — | 6 qtrssince 2024-Q1 | Increased 64 |
Blueprint Medicines Corp | 3.9M | $499.9M | 3.2% | — | — | 1 qtr | New 87 |
Skechers U.S.A. Inc | 7M | $441.7M | 2.9% | — | — | 1 qtr | New 81 |
Boeing Co/The | 2.1M | $429.5M | 2.8% | $186.69 | +12.24% | 17 qtrssince 2021-Q2 | Decreased 0 |
Avis Budget Group Inc | 2.3M | $383.7M | 2.5% | $80.37 | +110.34% | 6 qtrssince 2024-Q1 | Decreased 0 |
Hess Corp | 2.8M | $381M | 2.5% | — | — | — | Unchanged — |
Spirit AeroSystems Holdings In | 9M | $341.4M | 2.2% | $32.91 | +17.39% | 5 qtrssince 2024-Q2 | Decreased 0 |
Chevron Corp | 2.3M | $330.1M | 2.1% | — | — | — | Increased — |
UnitedHealth Group Inc | 975,000 | $304.2M | 2.0% | $301.97 | 0.00% | 1 qtr | New 71 |
UnitedHealth Group Inc | 965,000 | $301.1M | 2.0% | — | — | — | New — |
ANSYS Inc | 815,000 | $286.2M | 1.9% | — | — | 7 qtrssince 2023-Q4 | Increased 58 |
Liberty Broadband Corp | 2.7M | $262.9M | 1.7% | $81.95 | +9.87% | 4 qtrssince 2024-Q3 | Increased 78 |
CBS Corp | 15.3M | $197.4M | 1.3% | — | — | 4 qtrssince 2024-Q3 | Increased 59 |
Amedisys Inc | 1.7M | $168.7M | 1.1% | — | — | 9 qtrssince 2023-Q2 | Increased 60 |
Informatica Inc | 6.8M | $166.1M | 1.1% | — | — | 1 qtr | New 69 |
Pentwater Capital Management LP manages $15.4B across 96 positions as of Q2 2025. Top holdings: SPY puts (24.3%), HES (6.6%), BA puts (6.2%). Fund DNA: Momentum Trader. HoldingsIntel Score: 2/5.0.
Active quarter - 21 new positions, 20 exits, 27 increased. Top move: BPMC (NEW, conviction 87). Portfolio: $15.4B across 96 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
Best and worst performing positions by estimated return
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Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer
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