Pentwater Capital Management LP
Follow13F filer, CIK 1425851, Naples, FL
Pentwater Capital Management LP reported $9,058,914,748 across 92 holdings for the quarter ended 2024-12-31, in a 13F-HR filed 2025-02-14. Its ten largest share positions make up 79.13% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001140361-25-004824
- Period
- 2024-12-31
- Reported value
- $9.06B
- Holdings
- 92
- Top 10 weight
- 79.13%
- New
- 35
- Sold out
- 38
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| ARCADIUM LITHIUM PLCnew | +27,550,000 | $141M |
| SMARTSHEET INC. (CLASS A)added | +2,107,000 | $118M |
| HESS CORPadded | +860,000 | $114M |
| DISCOVER FINL SVCSnew | +535,000 | $92.7M |
| JUNIPER NETWORKS INCadded | +2,258,000 | $84.6M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Largest sells vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| HUBSreduced | -279,300 | -$195M |
| STERICYCLE INCexited | -2,843,000 | -$173M |
| VIZIO HOLDING CORPexited | -6,750,000 | -$75.4M |
| MARATHON OIL CORPexited | -2,519,800 | -$67.1M |
| NUVEI CORPORATIONexited | -2,000,000 | -$66.7M |
Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.
Holdings, Q4 2024
Share positions as resolved from 13F-HR 0001140361-25-004824, largest first. % of portfolio is the value over $5,806,024,826, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| HESS CORPHESS CORP | 5,310,000 | $706M | 12.16% | +860,000 | |||
| UNITED STATES STL CORP NEWUNITED STATES STL CORP NEW | 18,520,000 | $629M | 10.84% | -1,380,000 | |||
| SMARTSHEET INC. (CLASS A)SMARTSHEET INC. (CLASS A) | 8,950,000 | $501M | 8.64% | +2,107,000 | |||
| JUNIPER NETWORKS INCJUNIPER NETWORKS INC | 12,778,000 | $479M | 8.24% | +2,258,000 | |||
| EDRENDEAVOR GROUP HLDGS INC | 15,121,666 | $473M | 8.15% | +321,666 | Timeline | ||
| KKELLANOVA | 5,755,000 | $466M | 8.03% | +450,700 | Timeline | ||
| BABOEING CO | 2,510,000 | $444M | 7.65% | +150,000 | Timeline | ||
| SPYSTATE STR SPDR S&P 500 ETF T | 750,000 | $440M | 7.57% | -20,000 | Timeline | ||
| SPRSPIRIT AEROSYSTEMS HLDGS INC | 9,220,000 | $314M | 5.41% | +120,000 | Timeline | ||
| ARCADIUM LITHIUM PLCARCADIUM LITHIUM PLC | 27,550,000 | $141M | 2.43% | new | |||
| ANSYS INCANSYS INC | 385,000 | $130M | 2.24% | -37,000 | |||
| AMEDISYS INCAMEDISYS INC | 1,180,000 | $107M | 1.85% | +105,000 | |||
| PARAMOUNT GLOBALPARAMOUNT GLOBAL | 9,265,000 | $96.9M | 1.67% | +4,265,500 | |||
| DISCOVER FINL SVCSDISCOVER FINL SVCS | 535,000 | $92.7M | 1.6% | new | |||
| LBRDKLIBERTY BROADBAND CORP | 1,108,000 | $82.8M | 1.43% | +908,000 | Timeline | ||
| POSEIDA THERAPEUTICS INCPOSEIDA THERAPEUTICS INC | 8,625,000 | $82.8M | 1.43% | +2,650,000 | |||
| CCKCROWN HLDGS INC | 950,000 | $78.6M | 1.35% | -15,000 | Timeline | ||
| NORDSTROM INCNORDSTROM INC | 2,550,000 | $61.6M | 1.06% | new | |||
| CYTKCYTOKINETICS INC | 1,090,000 | $51.3M | 0.88% | -10,000 | Timeline | ||
| CARAVIS BUDGET GROUP INC | 625,000 | $50.4M | 0.87% | +148,000 | Timeline | ||
| SNPSSYNOPSYS INC | 100,000 | $48.5M | 0.84% | +5,000 | Timeline | ||
| LLYVALIBERTY MEDIA CORP | 611,500 | $40.7M | 0.7% | +586,500 | Timeline | ||
| ENLINK MIDSTREAM LLCENLINK MIDSTREAM LLC | 2,575,000 | $36.4M | 0.63% | new | |||
| CCLCARNIVAL CORP | 1,350,000 | $33.6M | 0.58% | +350,000 | Timeline | ||
| IEIVANHOE ELECTRIC INC | 2,566,000 | $19.4M | 0.33% | -187,000 | Timeline | ||
| BERRY GLOBAL GROUP INCBERRY GLOBAL GROUP INC | 283,000 | $18.3M | 0.32% | new | |||
| HASHICORP INCHASHICORP INC | 478,484 | $16.4M | 0.28% | -1,771,516 | |||
| AIR TRANSPORT SERVICES GRP IAIR TRANSPORT SERVICES GRP I | 682,000 | $15M | 0.26% | new | |||
| TECKTECK RESOURCES LTD | 280,000 | $11.3M | 0.2% | +140,000 | Timeline | ||
| SIRISIRIUSXM HOLDINGS INC | 450,000 | $10.3M | 0.18% | -232,507 | Timeline | ||
| SUMMIT MATERIALS INC CLASS ASUMMIT MATERIALS INC CLASS A | 200,000 | $10.1M | 0.17% | new | |||
| INTERPUBLIC GROUP COSINTERPUBLIC GROUP COS | 350,000 | $9.81M | 0.17% | new | |||
| ASPEN TECHNOLOGY INCASPEN TECHNOLOGY INC | 38,000 | $9.49M | 0.16% | new | |||
| NUENUCOR CORP | 80,000 | $9.34M | 0.16% | new | Timeline | ||
| SILVERCREST METALS INCSILVERCREST METALS INC | 997,000 | $9.07M | 0.16% | new | |||
| SGRYSURGERY PARTNERS INC | 425,000 | $9M | 0.15% | new | Timeline | ||
| CHAMPIONX CORPORATIONCHAMPIONX CORPORATION | 300,000 | $8.16M | 0.14% | new | |||
| LBRDALIBERTY BROADBAND CORP | 102,000 | $7.58M | 0.13% | new | Timeline | ||
| ALTAIR ENGINEERING INCALTAIR ENGINEERING INC | 69,362 | $7.57M | 0.13% | new | |||
| CPRICAPRI HOLDINGS LIMITED | 299,500 | $6.31M | 0.11% | -1,150,500 | Timeline | ||
| ROOKLINE BANCORP INC DELROOKLINE BANCORP INC DEL | 500,000 | $5.9M | 0.1% | new | |||
| ACIALBERTSONS COMPANIES INC | 300,000 | $5.89M | 0.1% | new | Timeline | ||
| BARNES GROUP INCBARNES GROUP INC | 110,000 | $5.2M | 0.09% | new | |||
| BATRKATLANTA BRAVES HLDGS INC | 93,285 | $3.57M | 0.06% | new | Timeline | ||
| HUBSHUBSPOT INC | 5,000 | $3.48M | 0.06% | -279,300 | Timeline | ||
| TELATELA BIO INC | 1,000,000 | $3.02M | 0.05% | +500,000 | Timeline | ||
| TSLATESLA INC | 3,000 | $1.21M | 0.02% | new | Timeline | ||
| INFORMATICA INCINFORMATICA INC | 35,000 | $908K | 0.02% | new | |||
| PRTCYPURETECH HEALTH PLC | 24,111 | $445K | 0.01% | -889 | Timeline | ||
| MONEYLION INCMONEYLION INC | 5,000 | $430K | 0.01% | new | |||
| ESPRESPERION THERAPEUTICS INC NE | 181,290 | $399K | 0.01% | 0 | Timeline | ||
| THRYTHRYV HLDGS INC | 10,000 | $148K | <0.01% | new | Timeline | ||
| PARAMOUNT GLOBALPARAMOUNT GLOBAL | 6,000 | $134K | <0.01% | -1,041 | |||
| STRWSTRAWBERRY FIELDS REIT INC | 10,000 | $105K | <0.01% | new | Timeline |
Options
Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| SPYSTATE STR SPDR S&P 500 ETF T SHS | put | 1,850,000 | $1.08B | -2,212,500 |
| BABOEING CO COM | put | 3,175,000 | $562M | +1,935,000 |
| UNITED STATES STL CORP NEWUNITED STATES STL CORP NEW COM | put | 10,755,500 | $366M | -1,801,800 |
| HESS CORPHESS CORP COM | put | 1,530,000 | $204M | +750,000 |
| CVXCHEVRON CORPORATION COM | put | 1,040,000 | $151M | +990,000 |
| TKOTKO GROUP HOLDINGS INC Stock | put | 950,000 | $135M | +273,200 |
| ANSYS INCANSYS INC COM | put | 400,000 | $135M | 0 |
| JUNIPER NETWORKS INCJUNIPER NETWORKS INC COM | put | 2,978,000 | $112M | +2,918,600 |
| UNITED STATES STL CORP NEWUNITED STATES STL CORP NEW COM | call | 1,713,900 | $58.3M | +1,613,900 |
| PARAMOUNT GLOBALPARAMOUNT GLOBAL CLASS B COM | put | 5,455,000 | $57.1M | +2,803,700 |
| SNPSSYNOPSYS INC Stock | put | 105,000 | $51M | -16,000 |
| BABOEING CO COM | call | 270,000 | $47.8M | -1,280,000 |
| CYTKCYTOKINETICS INC COM NEW | put | 920,900 | $43.3M | 0 |
| CCKCROWN HLDGS INC Stock | put | 480,000 | $39.7M | +100,000 |
| EDRENDEAVOR GROUP HLDGS INC CL A COM | put | 1,117,000 | $35M | new |
| CCLCARNIVAL CORP Stock | put | 1,200,000 | $29.9M | +850,000 |
| HUBSHUBSPOT INC STOK | put | 35,000 | $24.4M | -165,500 |
| SNPSSYNOPSYS INC Stock | call | 40,000 | $19.4M | 0 |
| CARAVIS BUDGET GROUP INC COM | put | 190,000 | $15.3M | +50,000 |
| NUENUCOR CORP Stock | call | 115,000 | $13.4M | new |
| CYTKCYTOKINETICS INC COM NEW | call | 280,000 | $13.2M | 0 |
| TSLATESLA INC COM | put | 25,000 | $10.1M | new |
| TECKTECK RESOURCES LTD Stock | put | 230,000 | $9.32M | 0 |
| CVXCHEVRON CORPORATION COM | call | 50,000 | $7.24M | -450,000 |
| CPRICAPRI HOLDINGS LIMITED SHS | put | 300,000 | $6.32M | -2,750,900 |
| ACIALBERTSONS COMPANIES INC Stock | put | 300,000 | $5.89M | -100,000 |
| INTCINTEL CORP COM | call | 200,000 | $4.01M | new |
| EWUISHARES TR MSCI UK ETF NEW | put | 100,000 | $3.39M | new |
| TSLATESLA INC COM | call | 8,000 | $3.23M | new |
| CARAVIS BUDGET GROUP INC COM | call | 40,000 | $3.22M | 0 |
| ARCADIUM LITHIUM PLCARCADIUM LITHIUM PLC COM SHS | put | 400,000 | $2.05M | new |
| INFORMATICA INCINFORMATICA INC COM CL A | put | 35,000 | $908K | new |
| COFCAPITAL ONE FINL CORP COM | put | 5,000 | $892K | 0 |
| INFORMATICA INCINFORMATICA INC COM CL A | call | 20,000 | $519K | new |
| THRYTHRYV HLDGS INC COM NEW | call | 27,100 | $401K | new |
| MBLYMOBILEYE GLOBAL INC COMMON CLASS A | call | 10,000 | $199K | 0 |
| THRYTHRYV HLDGS INC COM NEW | put | 10,000 | $148K | new |
Principal amounts
Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| Esperion Therapeutics IncEsperion Therapeutics Inc NOTE 4.000%11/15/25 | principal | 10,861,000 | $10.5M | 0 |
Sold out in Q4 2024
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| STERICYCLE INCSTERICYCLE INC | 2,843,000 | $173M | shares |
| VIZIO HOLDING CORPVIZIO HOLDING CORP | 6,750,000 | $75.4M | shares |
| MARATHON OIL CORPMARATHON OIL CORP | 2,519,800 | $67.1M | shares |
| NUVEI CORPORATIONNUVEI CORPORATION | 2,000,000 | $66.7M | shares |
| AMEDISYS INCAMEDISYS INC | 651,000 | $62.8M | put |
| SMARTSHEET INC. (CLASS A)SMARTSHEET INC. (CLASS A) | 1,005,000 | $55.6M | put |
| POWERSCHOOL HOLDINGS INCPOWERSCHOOL HOLDINGS INC | 1,007,000 | $23M | shares |
| PERFICIENT INCPERFICIENT INC | 300,000 | $22.6M | shares |
| PETIQ INCPETIQ INC | 646,000 | $19.9M | shares |
| AVGOBROADCOM INC | 75,000 | $12.9M | call |
| AXONICS INCAXONICS INC | 157,800 | $11M | shares |
| LLYVKLIBERTY MEDIA CORP DEL | 133,485 | $6.85M | shares |
| VYXNCR VOYIX CORPORATION | 400,000 | $5.43M | call |
| RSPINVESCO EXCHANGE TRADED FD T | 25,000 | $4.48M | put |
| AVGOBROADCOM INC | 25,000 | $4.31M | put |
| DJTTRUMP MEDIA & TECHNOLOGY GRO | 195,000 | $3.13M | put |
| AVGOBROADCOM INC | 17,000 | $2.93M | shares |
| NATLNCR ATLEOS CORPORATION | 100,000 | $2.85M | shares |
| HTZHERTZ GLOBAL HLDGS INC | 800,500 | $2.64M | shares |
| TKOTKO GROUP HOLDINGS INC | 20,000 | $2.47M | call |
| AMDADVANCED MICRO DEVICES INC | 12,000 | $1.97M | call |
| RBRKRUBRIK INC. | 55,000 | $1.77M | shares |
| RDDTREDDIT INC | 25,000 | $1.65M | shares |
| AMDADVANCED MICRO DEVICES INC | 10,000 | $1.64M | put |
| SNOWSNOWFLAKE INC | 12,000 | $1.38M | shares |
| RBRKRUBRIK INC. | 35,000 | $1.13M | put |
| AMDADVANCED MICRO DEVICES INC | 5,000 | $820K | shares |
| OHIOMEGA HEALTHCARE INVS INC | 20,000 | $814K | put |
| PLTRPALANTIR TECHNOLOGIES INC | 20,000 | $744K | put |
| DJTTRUMP MEDIA & TECHNOLOGY GRO | 45,000 | $723K | call |
| SNOWSNOWFLAKE INC | 5,000 | $574K | put |
| ALABASTERA LABS INC | 10,000 | $524K | shares |
| RBRKRUBRIK INC. | 10,000 | $322K | call |
| TALOTALOS ENERGY INC | 25,000 | $259K | call |
| AHRTAH RLTY TR INC | 20,000 | $217K | shares |
| DJTTRUMP MEDIA & TECHNOLOGY GRO | 10,000 | $161K | shares |
| SOUTHWESTERN ENERGY COSOUTHWESTERN ENERGY CO | 20,000 | $142K | shares |
| DJTWWTRUMP MEDIA & TECHNOLOGY GRO | 10,000 | $104K | shares |
How Q4 2024 was built
Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001140361-25-004824 | base | 2025-02-14 | acceptance time not in the bulk data set |