PEPentwater Capital Management LP
Institutional investor · Portfolio as of Q3 2025
Top Holdings110 positions
STATE STR SPDR S&P 500 ETF T | 3.1M | $2.1B | 11.6% | — | — | — | Decreased — |
CYBERARK SOFTWARE LTD | 3.7M | $1.8B | 9.9% | $483.82 | 0.00% | 1 qtr | New 98 |
UNITEDHEALTH GROUP INC | 3.4M | $1.2B | 6.5% | — | — | — | Increased — |
ELECTRONIC ARTS INC | 4.8M | $968.2M | 5.4% | — | — | 1 qtr | New 98 |
BOEING CO | 4.4M | $949.7M | 5.3% | — | — | — | Decreased — |
NORFOLK SOUTHN CORP | 2.8M | $826.1M | 4.6% | $295.21 | 0.00% | 1 qtr | New 88 |
KELLANOVA | 10M | $820.2M | 4.6% | $78.99 | — | 5 qtrssince 2024-Q3 | Increased 65 |
AVIS BUDGET GROUP INC | 4.4M | $707.6M | 4.0% | — | — | — | Increased — |
VERONA PHARMA PLC | 5.3M | $565.6M | 3.2% | — | — | 1 qtr | New 87 |
BOEING CO | 2.5M | $538.5M | 3.0% | $191.88 | +12.48% | 18 qtrssince 2021-Q2 | Increased 69 |
WARNER BROS DISCOVERY INC | 27.1M | $528.5M | 3.0% | — | — | 1 qtr | New 81 |
AVIS BUDGET GROUP INC | 3.2M | $507.9M | 2.8% | $103.01 | +55.87% | 7 qtrssince 2024-Q1 | Increased 71 |
CORE SCIENTIFIC INC NEW | 24.3M | $435M | 2.4% | $17.28 | +0.30% | 2 qtrssince 2025-Q2 | Increased 86 |
DAYFORCE INC | 5.5M | $378.9M | 2.1% | $68.83 | 0.00% | 1 qtr | New 80 |
SPIRIT AEROSYSTEMS HLDGS INC | 9.4M | $362.8M | 2.0% | $33.19 | +16.99% | 6 qtrssince 2024-Q2 | Increased 56 |
KENVUE INC | 21.1M | $342.1M | 1.9% | $15.51 | -1.36% | 3 qtrssince 2025-Q1 | Increased 79 |
COREWEAVE INC | 2.3M | $311.3M | 1.7% | — | — | — | New — |
STATE STR SPDR S&P 500 ETF T | 400,000 | $266.5M | 1.5% | $570.65 | +15.50% | 23 qtrssince 2020-Q1 | Increased 73 |
SURGERY PARTNERS INC | 11.7M | $252.8M | 1.4% | $22.26 | -2.77% | 4 qtrssince 2024-Q4 | Increased 71 |
MR COOPER GROUP INC | 997,000 | $210.2M | 1.2% | — | — | 2 qtrssince 2025-Q2 | Increased 78 |
Pentwater Capital Management LP manages $17.9B across 110 positions as of Q3 2025. Top holdings: SPY puts (11.6%), CYBR (9.9%), UNH calls (6.5%). Fund DNA: Momentum Trader. HoldingsIntel Score: 1.5/5.0.
Active quarter - 34 new positions, 32 exits, 17 increased. Top move: CYBR (NEW, conviction 98). Portfolio: $17.9B across 110 positions.
Top holdings by portfolio weight
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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
Verify source filings on SEC EDGAR