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Pentwater Capital Management LP

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13F filer, CIK 1425851, Naples, FL

Pentwater Capital Management LP reported $15,414,652,915 across 96 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-14. Its ten largest share positions make up 63.52% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001140361-25-031255

Period
2025-06-30
Reported value
$15.4B
Holdings
96
Top 10 weight
63.52%
New
34
Sold out
39

Largest buys vs the previous quarter

SecurityShares changeApprox. value
BLUEPRINT MEDICINES CORPnew+3,900,000$500M
SKXnew+7,000,000$442M
UNHnew+975,000$304M
HESS CORPadded+1,500,000$208M
INFORMATICA INCnew+6,821,000$166M

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

SecurityShares changeApprox. value
UNITED STATES STL CORP NEWexited-19,270,000-$814M
INTRA-CELLULAR THERAPIES INCexited-5,190,000-$685M
BAreduced-1,225,000-$257M
SPYreduced-370,000-$229M
H&E EQUIPMENT SERVICES INCexited-1,650,000-$156M

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, Q2 2025

Share positions as resolved from 13F-HR 0001140361-25-031255, largest first. % of portfolio is the value over $7,837,022,393, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
HESS CORPHESS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,450,000 shares; 2024Q4: 5,310,000 shares; 2025Q1: 5,820,000 shares; 2025Q2: 7,320,000 shares 7,320,000$1.01B12.94%+1,500,000
KKELLANOVAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,304,300 shares; 2024Q4: 5,755,000 shares; 2025Q1: 8,000,000 shares; 2025Q2: 8,910,000 shares 8,910,000$709M9.04%+910,000Timeline
JUNIPER NETWORKS INCJUNIPER NETWORKS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,520,000 shares; 2024Q4: 12,778,000 shares; 2025Q1: 12,800,000 shares; 2025Q2: 14,250,000 shares 14,250,000$569M7.26%+1,450,000
BLUEPRINT MEDICINES CORPBLUEPRINT MEDICINES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 3,900,000 shares 3,900,000$500M6.38%new
SKXSKECHERS U S A INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 7,000,000 shares 7,000,000$442M5.64%newTimeline
BABOEING COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,360,000 shares; 2024Q4: 2,510,000 shares; 2025Q1: 3,275,000 shares; 2025Q2: 2,050,000 shares 2,050,000$430M5.48%-1,225,000Timeline
CARAVIS BUDGET GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 477,000 shares; 2024Q4: 625,000 shares; 2025Q1: 2,320,000 shares; 2025Q2: 2,270,000 shares 2,270,000$384M4.9%-50,000Timeline
SPRSPIRIT AEROSYSTEMS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,100,000 shares; 2024Q4: 9,220,000 shares; 2025Q1: 9,330,000 shares; 2025Q2: 8,950,000 shares 8,950,000$341M4.36%-380,000Timeline
UNHUNITEDHEALTH GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 975,000 shares 975,000$304M3.88%newTimeline
ANSYS INCANSYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 422,000 shares; 2024Q4: 385,000 shares; 2025Q1: 670,000 shares; 2025Q2: 815,000 shares 815,000$286M3.65%+145,000
LBRDKLIBERTY BROADBAND CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 200,000 shares; 2024Q4: 1,108,000 shares; 2025Q1: 1,108,000 shares; 2025Q2: 2,672,000 shares 2,672,000$263M3.35%+1,564,000Timeline
PARAMOUNT GLOBALPARAMOUNT GLOBALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,999,500 shares; 2024Q4: 9,265,000 shares; 2025Q1: 12,100,000 shares; 2025Q2: 15,300,000 shares 15,300,000$197M2.52%+3,200,000
AMEDISYS INCAMEDISYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,075,000 shares; 2024Q4: 1,180,000 shares; 2025Q1: 1,345,000 shares; 2025Q2: 1,715,084 shares 1,715,084$169M2.15%+370,084
INFORMATICA INCINFORMATICA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 35,000 shares; 2025Q1: not reported; 2025Q2: 6,821,000 shares 6,821,000$166M2.12%new
SGRYSURGERY PARTNERS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 425,000 shares; 2025Q1: 2,742,000 shares; 2025Q2: 7,000,000 shares 7,000,000$156M1.99%+4,258,000Timeline
ENSTAR GROUP LIMITEDENSTAR GROUP LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 202,862 shares; 2025Q2: 441,100 shares 441,100$148M1.89%+238,238
FYBRFRONTIER COMMUNICATIONS PAREQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 4,500,000 shares; 2025Q2: 3,970,000 shares 3,970,000$145M1.84%-530,000Timeline
SPYSTATE STR SPDR S&P 500 ETF TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 770,000 shares; 2024Q4: 750,000 shares; 2025Q1: 600,000 shares; 2025Q2: 230,000 shares 230,000$142M1.81%-370,000Timeline
CCLCARNIVAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,000,000 shares; 2024Q4: 1,350,000 shares; 2025Q1: 3,750,000 shares; 2025Q2: 4,150,000 shares 4,150,000$117M1.49%+400,000Timeline
WGSGENEDX HOLDINGS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 32,000 shares; 2025Q2: 1,220,000 shares 1,220,000$113M1.44%+1,188,000Timeline
AZEK CO INCAZEK CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,541,842 shares; 2025Q2: 2,066,000 shares 2,066,000$112M1.43%+524,158
FOOT LOCKER INCFOOT LOCKER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 3,300,000 shares 3,300,000$80.8M1.03%new
STLDSTEEL DYNAMICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 910,000 shares; 2025Q2: 610,000 shares 610,000$78.1M1%-300,000Timeline
GEOGEO GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,205,000 shares; 2025Q2: 3,230,000 shares 3,230,000$77.4M0.99%+2,025,000Timeline
VERVE THERAPEUTICS INCVERVE THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 6,720,000 shares 6,720,000$75.5M0.96%new
DUN & BRADSTREET HLDGS INCDUN & BRADSTREET HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,776,746 shares; 2025Q2: 8,150,000 shares 8,150,000$74.1M0.95%+6,373,254
MR COOPER GROUP INCMR COOPER GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 463,000 shares 463,000$69.1M0.88%new
TXNMTXNM ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,126,000 shares 1,126,000$63.4M0.81%newTimeline
INTERPUBLIC GROUP COSINTERPUBLIC GROUP COSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 350,000 shares; 2025Q1: 2,340,000 shares; 2025Q2: 2,557,000 shares 2,557,000$62.6M0.8%+217,000
HCAHCA HEALTHCARE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 92,500 shares; 2025Q2: 160,000 shares 160,000$61.3M0.78%+67,500Timeline
LLYVALIBERTY MEDIA CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 25,000 shares; 2024Q4: 611,500 shares; 2025Q1: 615,000 shares; 2025Q2: 760,000 shares 760,000$60.4M0.77%+145,000Timeline
NUENUCOR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 80,000 shares; 2025Q1: 1,425,000 shares; 2025Q2: 445,000 shares 445,000$57.6M0.74%-980,000Timeline
BHFBRIGHTHOUSE FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 950,000 shares 950,000$51.1M0.65%newTimeline
SPRINGWORKS THERAPEUTICS INCSPRINGWORKS THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 500,000 shares; 2025Q2: 1,000,000 shares 1,000,000$47M0.6%+500,000
GMS INCGMS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 400,000 shares 400,000$43.5M0.56%new
TRIUMPH GROUP INC NEWTRIUMPH GROUP INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 2,300,135 shares; 2025Q2: 1,500,000 shares 1,500,000$38.6M0.49%-800,135
CORZCORE SCIENTIFIC INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 1,865,000 shares 1,865,000$31.8M0.41%newTimeline
WALGREENS BOOTS ALLIANCE INCWALGREENS BOOTS ALLIANCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,303,193 shares; 2025Q2: 2,600,000 shares 2,600,000$29.8M0.38%+1,296,807
IEIVANHOE ELECTRIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,753,000 shares; 2024Q4: 2,566,000 shares; 2025Q1: 2,555,841 shares; 2025Q2: 2,595,000 shares 2,595,000$23.5M0.3%+39,159Timeline
KVUEKENVUE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 300,000 shares; 2025Q2: 860,000 shares 860,000$18M0.23%+560,000Timeline
LBRDALIBERTY BROADBAND CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 102,000 shares; 2025Q1: 122,100 shares; 2025Q2: 170,000 shares 170,000$16.6M0.21%+47,900Timeline
SITIO ROYALTIES CORPSITIO ROYALTIES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 773,000 shares 773,000$14.2M0.18%new
CYTKCYTOKINETICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,100,000 shares; 2024Q4: 1,090,000 shares; 2025Q1: 220,000 shares; 2025Q2: 300,000 shares 300,000$9.91M0.13%+80,000Timeline
ROOKLINE BANCORP INC DELROOKLINE BANCORP INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 500,000 shares; 2025Q1: 620,352 shares; 2025Q2: 655,000 shares 655,000$6.91M0.09%+34,648
SIRISIRIUSXM HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 682,507 shares; 2024Q4: 450,000 shares; 2025Q1: 450,000 shares; 2025Q2: 225,000 shares 225,000$5.17M0.07%-225,000Timeline
BATRKATLANTA BRAVES HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 93,285 shares; 2025Q1: 175,000 shares; 2025Q2: 90,000 shares 90,000$4.21M0.05%-85,000Timeline
TICTIC SOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 83,749 shares; 2025Q2: 271,749 shares 271,749$3M0.04%+188,000Timeline
CCKCROWN HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 965,000 shares; 2024Q4: 950,000 shares; 2025Q1: 530,000 shares; 2025Q2: 27,979 shares 27,979$2.88M0.04%-502,021Timeline
IVERSIFIED ENERGY COMPANY PIVERSIFIED ENERGY COMPANY PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 240,000 shares; 2025Q2: 150,000 shares 150,000$2.2M0.03%-90,000
TECKTECK RESOURCES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 140,000 shares; 2024Q4: 280,000 shares; 2025Q1: 85,000 shares; 2025Q2: 40,000 shares 40,000$1.62M0.02%-45,000Timeline
TELATELA BIO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 500,000 shares; 2024Q4: 1,000,000 shares; 2025Q1: 998,755 shares; 2025Q2: 815,000 shares 815,000$1.58M0.02%-183,755Timeline
PARAMOUNT GLOBALPARAMOUNT GLOBALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 7,041 shares; 2024Q4: 6,000 shares; 2025Q1: 30,750 shares; 2025Q2: 61,938 shares 61,938$1.42M0.02%+31,188
TMUST-MOBILE US INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 5,000 shares 5,000$1.19M0.02%newTimeline
VOYGVOYAGER TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 25,000 shares 25,000$981K0.01%newTimeline
INTCINTEL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 40,000 shares 40,000$896K0.01%newTimeline
PRTCYPURETECH HEALTH PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 25,000 shares; 2024Q4: 24,111 shares; 2025Q1: 33,560 shares; 2025Q2: 50,000 shares 50,000$862K0.01%+16,440Timeline
VVXV2X INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 15,000 shares 15,000$728K0.01%newTimeline
HOLXHOLOGIC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 10,000 shares 10,000$652K0.01%newTimeline
ASPEN INSURANCE HOLDINGS-AASPEN INSURANCE HOLDINGS-AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 20,000 shares 20,000$629K0.01%new
OMDAOMADA HEALTH INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 24,800 shares 24,800$454K0.01%newTimeline
VGVENTURE GLOBAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 25,000 shares 25,000$390K<0.01%newTimeline
SOCSABLE OFFSHORE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 10,000 shares 10,000$220K<0.01%newTimeline
ESPRESPERION THERAPEUTICS INC NEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 181,290 shares; 2024Q4: 181,290 shares; 2025Q1: 181,290 shares; 2025Q2: 181,290 shares 181,290$178K<0.01%0Timeline

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).

SecurityTypeAmountValueChange
SPYSTATE STR SPDR S&P 500 ETF T SHSput6,060,000$3.74B+1,595,400
BABOEING CO COMput4,578,500$959M+1,555,200
CARAVIS BUDGET GROUP INC COMput3,984,800$674M+3,334,800
HESS CORPHESS CORP COMput2,750,000$381M0
CVXCHEVRON CORPORATION COMput2,305,000$330M+1,205,000
UNHUNITEDHEALTH GROUP INC COMput965,000$301Mnew
PARAMOUNT GLOBALPARAMOUNT GLOBAL CLASS B COMput11,044,000$142M+2,379,000
UNHUNITEDHEALTH GROUP INC COMcall455,000$142Mnew
CARAVIS BUDGET GROUP INC COMcall680,000$115M+610,000
ANSYS INCANSYS INC COMput300,000$105M0
WGSGENEDX HOLDINGS CORP COM CL Aput1,030,000$95.1M+1,005,000
JUNIPER NETWORKS INCJUNIPER NETWORKS INC COMput2,350,100$93.8M+292,100
BHFBRIGHTHOUSE FINL INC COMput1,730,000$93Mnew
CCLCARNIVAL CORP Stockput2,950,000$83M0
SNPSSYNOPSYS INC Stockcall160,000$82Mnew
NUENUCOR CORP Stockput500,000$64.8M-5,000
HCAHCA HEALTHCARE INC COMput115,000$44.1M+25,000
QQQINVESCO QQQ TR COMput65,000$35.9Mnew
GEOGEO GROUP INC COMput1,250,000$29.9M+600,000
CORZCORE SCIENTIFIC INC NEW COMput1,250,200$21.3Mnew
CVXCHEVRON CORPORATION COMcall100,000$14.3Mnew
EWGISHARES INC MSCI GERMANY ETFput175,000$7.4M+100,000
STLDSTEEL DYNAMICS INC Stockput50,000$6.4Mnew
KVUEKENVUE INC COMput300,000$6.28M0
EWUISHARES TR MSCI UK ETF NEWput50,000$1.99M-300,000
WGSGENEDX HOLDINGS CORP COM CL Acall20,000$1.85Mnew
INTCINTEL CORP COMcall50,000$1.12Mnew
HOLXHOLOGIC INC COMput10,000$652Knew
AMCAMC ENTMT HLDGS INC CL A NEWput100,000$310K-900,000
VGVENTURE GLOBAL INC COM CL Acall15,000$234K-15,000
TALOTALOS ENERGY INC COMcall20,000$170Knew
VVXV2X INC COMput1,400$68Knew

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
Esperion Therapeutics IncEsperion Therapeutics Inc NOTE 4.000%11/15/25principal10,861,000$10.7M0

Sold out in Q2 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
UNITED STATES STL CORP NEWUNITED STATES STL CORP NEW19,270,000$814Mshares
INTRA-CELLULAR THERAPIES INCINTRA-CELLULAR THERAPIES INC5,190,000$685Mshares
UNITED STATES STL CORP NEWUNITED STATES STL CORP NEW8,668,800$366Mput
H&E EQUIPMENT SERVICES INCH&E EQUIPMENT SERVICES INC1,650,000$156Mshares
NORDSTROM INCNORDSTROM INC3,800,000$92.9Mshares
DISCOVER FINL SVCSDISCOVER FINL SVCS510,000$87.1Mshares
PLAYA HOTELS & RESORTS NVPLAYA HOTELS & RESORTS NV4,480,000$59.7Mshares
UNITED STATES STL CORP NEWUNITED STATES STL CORP NEW1,148,800$48.5Mcall
COFCAPITAL ONE FINL CORP205,000$36.8Mput
SOLARWINDS CORPSOLARWINDS CORP1,201,358$22.1Mshares
LYVLIVE NATION ENTERTAINMENT IN150,000$19.6Mput
CCKCROWN HLDGS INC200,000$17.9Mput
TKOTKO GROUP HOLDINGS INC110,000$16.8Mput
AIR TRANSPORT SERVICES GRP IAIR TRANSPORT SERVICES GRP I732,755$16.4Mshares
STLDSTEEL DYNAMICS INC130,000$16.3Mcall
NUENUCOR CORP135,000$16.2Mcall
TKOTKO GROUP HOLDINGS INC100,000$15.3Mshares
BEACON ROOFING SUPPLY INCBEACON ROOFING SUPPLY INC108,000$13.4Mshares
VEREN INCVEREN INC2,006,000$13.3Mshares
PARAGON 28 INCPARAGON 28 INC900,000$11.8Mshares
CHTRCHARTER COMMUNICATIONS INC20,000$7.37Mcall
KBWBINVESCO EXCH TRADED FD TR II100,000$6.28Mput
TSLATESLA INC21,000$5.44Mcall
AVGOBROADCOM INC30,000$5.02Mcall
DESPEGAR COM CORPDESPEGAR COM CORP250,000$4.7Mshares
SIRISIRIUSXM HOLDINGS INC200,000$4.51Mput
RSPINVESCO EXCHANGE TRADED FD T25,000$4.33Mput
SNPSSYNOPSYS INC10,000$4.29Mput
FTNTFORTINET INC37,000$3.56Mshares
FTNTFORTINET INC30,000$2.89Mput
HRIHERC HLDGS INC15,000$2.01Mput
AVGOBROADCOM INC12,000$2.01Mshares
CHAMPIONX CORPORATIONCHAMPIONX CORPORATION50,000$1.49Mshares
EWGISHARES INC25,000$927Kshares
AVGOBROADCOM INC5,000$837Kput
VIKVIKING HOLDINGS LTD20,000$795Kshares
AMCAMC ENTMT HLDGS INC200,000$574Kcall
CRWVCOREWEAVE INC15,000$556Kshares
GWRSGLOBAL WTR RES INC35,000$361Kshares

How Q2 2025 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).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001140361-25-031255 base2025-08-14acceptance time not in the bulk data set