# EDGAR Filing Document

**Accession Number:** 0001425851
**File Stem:** 0001140361-25-042346
**Filing Date:** 2025-11
**Character Count:** 14958
**Document Hash:** b47fd6c4bf3f28429f0aabc48f001103
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-25-042346.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0001140361-25-042346

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**EFFECTIVENESS DATE**: 20251114

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Pentwater Capital Management LP
- **CENTRAL INDEX KEY:** 0001425851

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-12843
- **FILM NUMBER:** 251487116

**BUSINESS ADDRESS:**
- **STREET 1:** 1001 10TH AVENUE SOUTH
- **STREET 2:** SUITE 216
- **CITY:** NAPLES
- **STATE:** FL
- **ZIP:** 34102
- **BUSINESS PHONE:** 239-384-9750

**MAIL ADDRESS:**
- **STREET 1:** 1001 10TH AVENUE SOUTH
- **STREET 2:** SUITE 216
- **CITY:** NAPLES
- **STATE:** FL
- **ZIP:** 34102

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 09-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** Pentwater Capital Management LP<br>**Address:** 1001 10TH AVENUE SOUTH<br>SUITE 216<br>NAPLES, FL 34102

**Form 13F File Number:** 028-12843

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Joyce Kalleekal<br>**Title:** Chief Financial Officer<br>**Phone:** 312-589-6406

**Signature, Place, and Date of Signing:**

/s/ Joyce Kalleekal  Evanston, IL  11-14-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 110

**Form 13F Information Table Value Total:** $17879080177

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| 89BIO INC | COM | 282559103 |  | 172725000 | 11750000 | SH |  | SOLE |  | 11750000 | 0 | 0 |
| AIR LEASE CORP | CL A | 00912X302 |  | 140030000 | 2200000 | SH |  | SOLE |  | 2200000 | 0 | 0 |
| AMC ENTMT HLDGS INC | CL A NEW | 00165C302 |  | 141015528 | 48626044 | SH |  | SOLE |  | 48626044 | 0 | 0 |
| AMC ENTMT HLDGS INC | CL A NEW | 00165C302 |  | 290000 | 100000 | SH | Put | SOLE |  | 100000 | 0 | 0 |
| ANYWHERE REAL ESTATE INC | COM | 75605Y106 |  | 1270800 | 120000 | SH |  | SOLE |  | 120000 | 0 | 0 |
| ATLANTA BRAVES HLDGS INC | COM SER C | 047726302 |  | 3743100 | 90000 | SH |  | SOLE |  | 90000 | 0 | 0 |
| AVIDITY BIOSCIENCES INC | COM | 05370A108 |  | 871400 | 20000 | SH | Call | SOLE |  | 20000 | 0 | 0 |
| AVIS BUDGET GROUP | COM | 053774105 |  | 507898725 | 3163000 | SH |  | SOLE |  | 3163000 | 0 | 0 |
| AVIS BUDGET GROUP | COM | 053774105 |  | 11240600 | 70000 | SH | Call | SOLE |  | 70000 | 0 | 0 |
| AVIS BUDGET GROUP | COM | 053774105 |  | 707563654 | 4406300 | SH | Put | SOLE |  | 4406300 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 538452684 | 2494800 | SH |  | SOLE |  | 2494800 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 949652000 | 4400000 | SH | Put | SOLE |  | 4400000 | 0 | 0 |
| BRIGHTHOUSE FINL INC | COM | 10922N103 |  | 121287800 | 2285000 | SH |  | SOLE |  | 2285000 | 0 | 0 |
| BRIGHTHOUSE FINL INC | COM | 10922N103 |  | 110671800 | 2085000 | SH | Put | SOLE |  | 2085000 | 0 | 0 |
| CARNIVAL CORP | UNIT 99/99/9999 | 143658300 |  | 124313000 | 4300000 | SH |  | SOLE |  | 4300000 | 0 | 0 |
| CARNIVAL CORP | UNIT 99/99/9999 | 143658300 |  | 105521500 | 3650000 | SH | Put | SOLE |  | 3650000 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 77645000 | 500000 | SH | Put | SOLE |  | 500000 | 0 | 0 |
| CORE  MAIN INC | CL A | 21874C102 |  | 1345750 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| CORE  MAIN INC | CL A | 21874C102 |  | 1614900 | 30000 | SH | Call | SOLE |  | 30000 | 0 | 0 |
| CORE  MAIN INC | CL A | 21874C102 |  | 1076600 | 20000 | SH | Put | SOLE |  | 20000 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 |  | 435045000 | 24250000 | SH |  | SOLE |  | 24250000 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 |  | 32292000 | 1800000 | SH | Call | SOLE |  | 1800000 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 |  | 10767588 | 600200 | SH | Put | SOLE |  | 600200 | 0 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 |  | 6842500 | 50000 | SH | Call | SOLE |  | 50000 | 0 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 |  | 311333750 | 2275000 | SH | Put | SOLE |  | 2275000 | 0 | 0 |
| CYBERARK SOFTWARE LTD | SHS | M2682V108 |  | 1770744750 | 3665000 | SH |  | SOLE |  | 3665000 | 0 | 0 |
| CYTOKINETICS INC | COM NEW | 23282W605 |  | 16488000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| DAYFORCE INC | COM | 15677J108 |  | 378895000 | 5500000 | SH |  | SOLE |  | 5500000 | 0 | 0 |
| DIVERSIFIED ENERGY COMPANY P | SHS NEW | G2891G204 |  | 1975228 | 140987 | SH |  | SOLE |  | 140987 | 0 | 0 |
| ECHOSTAR CORP | CL A | 278768106 |  | 48870400 | 640000 | SH |  | SOLE |  | 640000 | 0 | 0 |
| ECHOSTAR CORP | CL A | 278768106 |  | 28635000 | 375000 | SH | Put | SOLE |  | 375000 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 968160000 | 4800000 | SH |  | SOLE |  | 4800000 | 0 | 0 |
| ESPERION THERAPEUTICS INC NE | COM | 29664W105 |  | 480419 | 181290 | SH |  | SOLE |  | 181290 | 0 | 0 |
| ESPERION THERAPEUTICS INC NE | NOTE 4.000%11/15/25 | 29664WAB1 |  | 10773135 | 10861000 | PRN |  | SOLE |  | 10861000 | 0 | 0 |
| FIGMA INC | CLASS A COM STK | 316841105 |  | 829920 | 16000 | SH |  | SOLE |  | 16000 | 0 | 0 |
| FRONTIER COMMUNICATIONS PARE | COM | 35909D109 |  | 43027200 | 1152000 | SH |  | SOLE |  | 1152000 | 0 | 0 |
| GEMINI SPACE STA INC | CL A COM | 36866J105 |  | 311480 | 13000 | SH |  | SOLE |  | 13000 | 0 | 0 |
| GENEDX HOLDINGS CORP | COM CL A | 81663L200 |  | 45789500 | 425000 | SH |  | SOLE |  | 425000 | 0 | 0 |
| GENEDX HOLDINGS CORP | COM CL A | 81663L200 |  | 2154800 | 20000 | SH | Call | SOLE |  | 20000 | 0 | 0 |
| GENEDX HOLDINGS CORP | COM CL A | 81663L200 |  | 36631600 | 340000 | SH | Put | SOLE |  | 340000 | 0 | 0 |
| GEO GROUP INC NEW | COM | 36162J106 |  | 106261140 | 5186000 | SH |  | SOLE |  | 5186000 | 0 | 0 |
| GEO GROUP INC NEW | COM | 36162J106 |  | 2049000 | 100000 | SH | Call | SOLE |  | 100000 | 0 | 0 |
| GEO GROUP INC NEW | COM | 36162J106 |  | 18441000 | 900000 | SH | Put | SOLE |  | 900000 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 107999080 | 253400 | SH |  | SOLE |  | 253400 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 51144000 | 120000 | SH | Put | SOLE |  | 120000 | 0 | 0 |
| INFORMATICA INC | COM CL A | 45674M101 |  | 182574000 | 7350000 | SH |  | SOLE |  | 7350000 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 1174250 | 35000 | SH | Call | SOLE |  | 35000 | 0 | 0 |
| ISHARES INC | MSCI GERMANY ETF | 464286806 |  | 9362250 | 225000 | SH | Put | SOLE |  | 225000 | 0 | 0 |
| ISHARES TR | MSCI UK ETF NEW | 46435G334 |  | 2098500 | 50000 | SH | Put | SOLE |  | 50000 | 0 | 0 |
| IVANHOE ELECTRIC INC | COM | 46578C108 |  | 15687500 | 1250000 | SH |  | SOLE |  | 1250000 | 0 | 0 |
| KELLANOVA | COM | 487836108 |  | 820200000 | 10000000 | SH |  | SOLE |  | 10000000 | 0 | 0 |
| KENVUE INC | COM | 49177J102 |  | 342128400 | 21080000 | SH |  | SOLE |  | 21080000 | 0 | 0 |
| KENVUE INC | COM | 49177J102 |  | 40575000 | 2500000 | SH | Call | SOLE |  | 2500000 | 0 | 0 |
| KENVUE INC | COM | 49177J102 |  | 163923000 | 10100000 | SH | Put | SOLE |  | 10100000 | 0 | 0 |
| KEURIG DR PEPPER INC | COM | 49271V100 |  | 637750 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| KEURIG DR PEPPER INC | COM | 49271V100 |  | 637750 | 25000 | SH | Put | SOLE |  | 25000 | 0 | 0 |
| LIBERTY BROADBAND CORP | COM SER A | 530307107 |  | 10766100 | 170000 | SH |  | SOLE |  | 170000 | 0 | 0 |
| LIBERTY BROADBAND CORP | COM SER C | 530307305 |  | 169778880 | 2672000 | SH |  | SOLE |  | 2672000 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | COM LBTY LIV S A | 531229748 |  | 56080210 | 594700 | SH |  | SOLE |  | 594700 | 0 | 0 |
| LIVE NATION ENTERTAINMENT IN | COM | 538034109 |  | 16340000 | 100000 | SH | Put | SOLE |  | 100000 | 0 | 0 |
| MERUS N V | COM | N5749R100 |  | 91325500 | 970000 | SH |  | SOLE |  | 970000 | 0 | 0 |
| MONOGRAM TECHNOLOGIES INC | COM | 609786108 |  | 58700 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| MR COOPER GROUP INC | COM | 62482R107 |  | 210157630 | 997000 | SH |  | SOLE |  | 997000 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 826127500 | 2750000 | SH |  | SOLE |  | 2750000 | 0 | 0 |
| NORTHERN DYNASTY MINERALS LT | COM NEW | 66510M204 |  | 240000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 54172000 | 400000 | SH |  | SOLE |  | 400000 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 54172000 | 400000 | SH | Put | SOLE |  | 400000 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 166968400 | 820000 | SH | Call | SOLE |  | 820000 | 0 | 0 |
| PALO ALTO NETWORKS INC | COM | 697435105 |  | 101810000 | 500000 | SH | Put | SOLE |  | 500000 | 0 | 0 |
| PARAMOUNT GROUP INC | COM | 69924R108 |  | 13089156 | 2001400 | SH |  | SOLE |  | 2001400 | 0 | 0 |
| PARAMOUNT SKYDANCE CORP | COM CL B | 69932A204 |  | 16176978 | 855020 | SH |  | SOLE |  | 855020 | 0 | 0 |
| PARAMOUNT SKYDANCE CORP | COM CL B | 69932A204 |  | 60544000 | 3200000 | SH | Put | SOLE |  | 3200000 | 0 | 0 |
| PATTERSON-UTI ENERGY INC | COM | 703481101 |  | 129500 | 25000 | SH | Call | SOLE |  | 25000 | 0 | 0 |
| PINNACLE FINL PARTNERS INC | COM | 72346Q104 |  | 42538455 | 453550 | SH |  | SOLE |  | 453550 | 0 | 0 |
| PREMIER INC | CL A | 74051N102 |  | 16632740 | 598300 | SH |  | SOLE |  | 598300 | 0 | 0 |
| PROS HOLDINGS INC | COM | 74346Y103 |  | 5727500 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| PURETECH HEALTH PLC | ADS | 746237106 |  | 1387500 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| ROCKET COS INC | COM CL A | 77311W101 |  | 155040 | 8000 | SH |  | SOLE |  | 8000 | 0 | 0 |
| ROCKET COS INC | COM CL A | 77311W101 |  | 42636000 | 2200000 | SH | Call | SOLE |  | 2200000 | 0 | 0 |
| RUBRIK INC. | CL A | 781154109 |  | 945875 | 11500 | SH |  | SOLE |  | 11500 | 0 | 0 |
| RUBRIK INC. | CL A | 781154109 |  | 411250 | 5000 | SH | Call | SOLE |  | 5000 | 0 | 0 |
| SABLE OFFSHORE CORP | COM SHS | 78574H104 |  | 611100 | 35000 | SH | Call | SOLE |  | 35000 | 0 | 0 |
| SIRIUSXM HOLDINGS INC | COMMON STOCK | 829933100 |  | 2909375 | 125000 | SH |  | SOLE |  | 125000 | 0 | 0 |
| SOHO HOUSE  CO INC | COM CL A | 586001109 |  | 13062600 | 1476000 | SH |  | SOLE |  | 1476000 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 266472000 | 400000 | SH |  | SOLE |  | 400000 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 2078481600 | 3120000 | SH | Put | SOLE |  | 3120000 | 0 | 0 |
| SPIRIT AEROSYSTEMS HLDGS INC | COM CL A | 848574109 |  | 362840000 | 9400000 | SH |  | SOLE |  | 9400000 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 13943000 | 100000 | SH | Put | SOLE |  | 100000 | 0 | 0 |
| SURGERY PARTNERS INC | COM | 86881A100 |  | 252776840 | 11681000 | SH |  | SOLE |  | 11681000 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 50819 | 103 | SH |  | SOLE |  | 103 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 44405100 | 90000 | SH | Call | SOLE |  | 90000 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 148017000 | 300000 | SH | Put | SOLE |  | 300000 | 0 | 0 |
| TALOS ENERGY INC | COM | 87484T108 |  | 191800 | 20000 | SH | Call | SOLE |  | 20000 | 0 | 0 |
| TECK RESOURCES LTD | CL B | 878742204 |  | 127281000 | 2900000 | SH |  | SOLE |  | 2900000 | 0 | 0 |
| TEGNA INC | COM | 87901J105 |  | 47293679 | 2326300 | SH |  | SOLE |  | 2326300 | 0 | 0 |
| TELA BIO INC | COM | 872381108 |  | 1080035 | 724856 | SH |  | SOLE |  | 724856 | 0 | 0 |
| TENET HEALTHCARE CORP | COM NEW | 88033G407 |  | 22334400 | 110000 | SH |  | SOLE |  | 110000 | 0 | 0 |
| TXNM ENERGY INC | COM | 69349H107 |  | 67294500 | 1190000 | SH |  | SOLE |  | 1190000 | 0 | 0 |
| UNION PAC CORP | COM | 907818108 |  | 92184300 | 390000 | SH | Put | SOLE |  | 390000 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 69060000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 1165387500 | 3375000 | SH | Call | SOLE |  | 3375000 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 34530000 | 100000 | SH | Put | SOLE |  | 100000 | 0 | 0 |
| VERINT SYS INC | COM | 92343X100 |  | 1215000 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| VERITEX HLDGS INC | COM | 923451108 |  | 39230100 | 1170000 | SH |  | SOLE |  | 1170000 | 0 | 0 |
| VERONA PHARMA PLC | SPONSORED ADS | 925050106 |  | 565563000 | 5300000 | SH |  | SOLE |  | 5300000 | 0 | 0 |
| VIMEO INC | COMMON STOCK | 92719V100 |  | 46573625 | 6009500 | SH |  | SOLE |  | 6009500 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 528481800 | 27060000 | SH |  | SOLE |  | 27060000 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 36130500 | 1850000 | SH | Call | SOLE |  | 1850000 | 0 | 0 |
| WHITEFIBER INC | SHS | G96115103 |  | 353210 | 13000 | SH |  | SOLE |  | 13000 | 0 | 0 |
| WNS HLDGS LTD | COM SHS | G98196101 |  | 159785650 | 2095000 | SH |  | SOLE |  | 2095000 | 0 | 0 |

---