Pentwater Capital Management LP Q4 2025 Filing
Filed February 17, 2026
Portfolio Value
$19.0B
Holdings
54
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (54 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 1 | BABOEING CO | 12,095,000 | $2.6B | 13.81% | Put |
| 2 | EAELECTRONIC ARTS INC | 10,950,000 | $2.2B | 11.76% | |
| 3 | SPYSPDR S&P 500 ETF TR | 2,295,000 | $1.6B | 8.23% | Put |
| 4 | CYBRCYBERARK SOFTWARE LTD | 3,425,000 | $1.5B | 8.03% | |
| 5 | WBDWARNER BROS DISCOVERY INC | 52,445,000 | $1.5B | 7.95% | Put |
| 6 | KVUEKENVUE INC | 68,470,600 | $1.2B | 6.21% | Put |
| 7 | UNHUNITEDHEALTH GROUP INC | 3,230,000 | $1.1B | 5.61% | Call |
| 8 | NSCNORFOLK SOUTHN CORP | 3,019,000 | $871.6M | 4.58% | |
| 9 | EXASEXACT SCIENCES CORP | 7,250,000 | $736.3M | 3.87% | |
| 10 | DAYDAYFORCE INC | 9,500,000 | $657.0M | 3.45% | |
| 11 | CUCAAVIS BUDGET GROUP | 4,335,200 | $556.3M | 2.92% | Put |
| 12 | RNAAVIDITY BIOSCIENCES INC | 6,026,500 | $434.7M | 2.29% | |
| 13 | CORZCORE SCIENTIFIC INC NEW | 29,340,000 | $427.2M | 2.25% | Put |
| 14 | KMBKIMBERLY-CLARK CORP | 3,420,000 | $345.0M | 1.81% | Call |
| 15 | HOLXHOLOGIC INC | 4,247,500 | $316.4M | 1.66% | |
| 16 | TECK/BTECK RESOURCES LTD | 6,500,000 | $311.3M | 1.64% | |
| 17 | CADECADENCE BANK | 6,230,000 | $266.9M | 1.40% | |
| 18 | CCLCARNIVAL CORP | 7,025,000 | $214.5M | 1.13% | Put |
| 19 | SNPSSYNOPSYS INC | 390,000 | $183.2M | 0.96% | Put |
| 20 | DBRGDIGITALBRIDGE GROUP INC | 11,500,000 | $176.4M | 0.93% | |
| 21 | CMACOMERICA INC | 2,000,000 | $173.9M | 0.91% | |
| 22 | AM6AMICUS THERAPEUTICS INC | 11,500,000 | $163.8M | 0.86% | |
| 23 | PANWPALO ALTO NETWORKS INC | 880,000 | $162.1M | 0.85% | Put |
| 24 | SGRYSURGERY PARTNERS INC | 10,000,000 | $154.5M | 0.81% | |
| 25 | ALAIR LEASE CORP | 2,240,000 | $143.9M | 0.76% | |
| 26 | CDTXCIDARA THERAPEUTICS INC | 565,000 | $124.8M | 0.66% | |
| 27 | LBRDKLIBERTY BROADBAND CORP | 2,493,644 | $121.2M | 0.64% | |
| 28 | GEGGEO GROUP INC NEW | 6,097,700 | $98.3M | 0.52% | Put |
| 29 | TXNMTXNM ENERGY INC | 1,651,000 | $97.2M | 0.51% | |
| 30 | PSKYPARAMOUNT SKYDANCE CORP | 7,150,500 | $95.8M | 0.50% | Put |
| 31 | SATSECHOSTAR CORP | 811,700 | $88.2M | 0.46% | Put |
| 32 | NFLXNETFLIX INC | 805,000 | $75.5M | 0.40% | Put |
| 33 | CWANCLEARWATER ANALYTICS HLDGS I | 2,600,000 | $62.7M | 0.33% | |
| 34 | HIHILLENBRAND INC | 1,800,000 | $57.1M | 0.30% | |
| 35 | AVDLAVADEL PHARMACEUTICALS PLC | 1,684,000 | $36.3M | 0.19% | |
| 36 | TGNATEGNA INC | 1,750,000 | $34.0M | 0.18% | |
| 37 | PNFPPINNACLE FINL PARTNERS INC | 300,000 | $28.6M | 0.15% | |
| 38 | CRWVCOREWEAVE INC | 290,000 | $20.8M | 0.11% | Put |
| 39 | 75ZSOHO HOUSE & CO INC | 1,476,000 | $13.2M | 0.07% | |
| 40 | WGSGENEDX HOLDINGS CORP | 100,000 | $13.0M | 0.07% | Put |
| 41 | CHTRCHARTER COMMUNICATIONS INC N | 50,000 | $10.4M | 0.05% | Put |
| 42 | LBRDALIBERTY BROADBAND CORP | 170,000 | $8.2M | 0.04% | |
| 43 | TDAYUSA TODAY CO INC | 1,400,000 | $7.2M | 0.04% | |
| 44 | HOUSANYWHERE REAL ESTATE INC | 350,000 | $5.0M | 0.03% | |
| 45 | PTGXPROTAGONIST THERAPEUTICS INC | 50,000 | $4.4M | 0.02% | |
| 46 | BATRAATLANTA BRAVES HLDGS INC | 90,000 | $3.5M | 0.02% | |
| 47 | ORCLORACLE CORP | 12,500 | $2.4M | 0.01% | Call |
| 48 | PRTCPURETECH HEALTH PLC | 70,000 | $1.2M | 0.01% | |
| 49 | KDPKEURIG DR PEPPER INC | 25,000 | $700K | 0.00% | Put |
| 50 | FRMIFERMI INC | 75,000 | $600K | 0.00% | |
| 51 | SBETSHARPLINK GAMING INC | 40,000 | $356K | 0.00% | Put |
| 52 | WYFIWHITEFIBER INC | 20,000 | $316K | 0.00% | Call |
| 53 | BORRBORR DRILLING LTD | 75,000 | $302K | 0.00% | |
| 54 | AMCAMC ENTMT HLDGS INC | 100,000 | $156K | 0.00% | Put |