# EDGAR Filing Document

**Accession Number:** 0001425851
**File Stem:** 0001140361-26-021678
**Filing Date:** 2026-5
**Character Count:** 13149
**Document Hash:** e8e1a3108493cc740f273083faf9f232
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-26-021678.hdr.sgml**: 20260515

**ACCESSION NUMBER**: 0001140361-26-021678

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260515

**DATE AS OF CHANGE**: 20260515

**EFFECTIVENESS DATE**: 20260515

**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:** 26988494

**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:** 03-31-2026

**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  05-15-2026<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:** 92

**Form 13F Information Table Value Total:** $19283797872

      (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 |
| AES CORP | COM | 00130H105 |  | 7045000 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| AIR LEASE CORP | CL A | 00912X302 |  | 155649816 | 2396825 | SH |  | SOLE |  | 2396825 | 0 | 0 |
| AMC ENTMT HLDGS INC | CL A NEW | 00165C302 |  | 9183272 | 9370686 | SH |  | SOLE |  | 9370686 | 0 | 0 |
| AMICUS THERAPEUTIC | COM | 03152W109 |  | 202440000 | 14000000 | SH |  | SOLE |  | 14000000 | 0 | 0 |
| APELLIS PHARMACEUTICALS INC | COM | 03753U106 |  | 211207500 | 5250000 | SH |  | SOLE |  | 5250000 | 0 | 0 |
| ARCELLX INC | COMMON STOCK | 03940C100 |  | 329533400 | 2870000 | SH |  | SOLE |  | 2870000 | 0 | 0 |
| ATLANTA BRAVES HLDGS INC | COM SER C | 047726302 |  | 854000 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| ATRIUM THERAPEUTICS INC | COM | 04965N104 |  | 8057417 | 602649 | SH |  | SOLE |  | 602649 | 0 | 0 |
| AVIS BUDGET GROUP INC | COM | 053774105 |  | 1027994555 | 7048300 | SH |  | SOLE |  | 7048300 | 0 | 0 |
| AVIS BUDGET GROUP INC | COM | 053774105 |  | 113150430 | 775800 | SH | Call | SOLE |  | 775800 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 1407042585 | 7069500 | SH |  | SOLE |  | 7069500 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 9951500 | 50000 | SH | Call | SOLE |  | 50000 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 1004106350 | 5045000 | SH | Put | SOLE |  | 5045000 | 0 | 0 |
| CAESARS ENTERTAINMENT INC NE | COM | 12769G100 |  | 70039500 | 2650000 | SH |  | SOLE |  | 2650000 | 0 | 0 |
| CANTALOUPE INC | COM | 138103106 |  | 2162000 | 200000 | SH |  | SOLE |  | 200000 | 0 | 0 |
| CARNIVAL CORP | COMMON STOCK | 143658300 |  | 156832800 | 6060000 | SH |  | SOLE |  | 6060000 | 0 | 0 |
| CARNIVAL CORP | COMMON STOCK | 143658300 |  | 12940000 | 500000 | SH | Call | SOLE |  | 500000 | 0 | 0 |
| CARNIVAL CORP | COMMON STOCK | 143658300 |  | 82169000 | 3175000 | SH | Put | SOLE |  | 3175000 | 0 | 0 |
| CENTESSA PHARMACEUTICALS PLC | SPONSORED ADS | 152309100 |  | 324512400 | 8170000 | SH |  | SOLE |  | 8170000 | 0 | 0 |
| CHARTER COMMUNICATIONS INC | CL A | 16119P108 |  | 10794000 | 50000 | SH | Put | SOLE |  | 50000 | 0 | 0 |
| CIPHER DIGITAL INC | COM | 17253J106 |  | 193050 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| CLEARWATER ANALYTICS HLDGS I | CL A | 185123106 |  | 269255250 | 11385000 | SH |  | SOLE |  | 11385000 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 |  | 371785920 | 24852000 | SH |  | SOLE |  | 24852000 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 |  | 47872000 | 3200000 | SH | Call | SOLE |  | 3200000 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 |  | 86768000 | 5800000 | SH | Put | SOLE |  | 5800000 | 0 | 0 |
| CORECIVIC INC | COM | 21871N101 |  | 945500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 |  | 735965 | 9500 | SH |  | SOLE |  | 9500 | 0 | 0 |
| COREWEAVE INC | COM CL A | 21873S108 |  | 387350 | 5000 | SH | Put | SOLE |  | 5000 | 0 | 0 |
| DAUCH CORP | COM | 024061103 |  | 3082355 | 519790 | SH |  | SOLE |  | 519790 | 0 | 0 |
| DAY ONE BIOPHARMACEUTICALS I | COM | 23954D109 |  | 17152000 | 800000 | SH |  | SOLE |  | 800000 | 0 | 0 |
| DIGITALBRIDGE GROUP INC | CL A NEW | 25401T603 |  | 181185000 | 11750000 | SH |  | SOLE |  | 11750000 | 0 | 0 |
| ECHOSTAR CORP | CL A | 278768106 |  | 276285200 | 2360000 | SH |  | SOLE |  | 2360000 | 0 | 0 |
| ECHOSTAR CORP | CL A | 278768106 |  | 5853500 | 50000 | SH | Call | SOLE |  | 50000 | 0 | 0 |
| ECHOSTAR CORP | CL A | 278768106 |  | 14048400 | 120000 | SH | Put | SOLE |  | 120000 | 0 | 0 |
| ELECTRONIC ARTS INC | COM | 285512109 |  | 2611065025 | 12807500 | SH |  | SOLE |  | 12807500 | 0 | 0 |
| ENTREPRENEURSHARES SERIES TR | ERSHARES PRIVATE | 293828877 |  | 776940 | 46000 | SH |  | SOLE |  | 46000 | 0 | 0 |
| FERMI INC | COM | 314911108 |  | 730000 | 125000 | SH |  | SOLE |  | 125000 | 0 | 0 |
| FERMI INC | COM | 314911108 |  | 292000 | 50000 | SH | Call | SOLE |  | 50000 | 0 | 0 |
| FORGENT POWER SOLUTIONS INC | COM SHS CL A | 34631F102 |  | 4683200 | 160000 | SH |  | SOLE |  | 160000 | 0 | 0 |
| GALAXY DIGITAL INC. | CL A | 36317J209 |  | 369000 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| GEO GROUP INC | COM | 36162J106 |  | 160787650 | 9565000 | SH |  | SOLE |  | 9565000 | 0 | 0 |
| GEO GROUP INC | COM | 36162J106 |  | 840500 | 50000 | SH | Call | SOLE |  | 50000 | 0 | 0 |
| GLOBAL X FDS | GLOBAL X COPPER | 37954Y830 |  | 2863125 | 37500 | SH | Put | SOLE |  | 37500 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 35493000 | 75000 | SH |  | SOLE |  | 75000 | 0 | 0 |
| HOLOGIC INC | COM | 436440101 |  | 340171932 | 4500224 | SH |  | SOLE |  | 4500224 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 34630800 | 60000 | SH |  | SOLE |  | 60000 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 98120600 | 170000 | SH | Put | SOLE |  | 170000 | 0 | 0 |
| ISHARES INC | MSCI GERMANY ETF | 464286806 |  | 11901000 | 300000 | SH | Put | SOLE |  | 300000 | 0 | 0 |
| ISHARES TR | MSCI UK ETF NEW | 46435G334 |  | 22780000 | 500000 | SH | Put | SOLE |  | 500000 | 0 | 0 |
| KENVUE INC | COM | 49177J102 |  | 896480000 | 52000000 | SH |  | SOLE |  | 52000000 | 0 | 0 |
| KENVUE INC | COM | 49177J102 |  | 53444000 | 3100000 | SH | Call | SOLE |  | 3100000 | 0 | 0 |
| KENVUE INC | COM | 49177J102 |  | 25860000 | 1500000 | SH | Put | SOLE |  | 1500000 | 0 | 0 |
| KRANESHARES TRUST | CSI CHI INTERNET | 500767306 |  | 7107500 | 250000 | SH |  | SOLE |  | 250000 | 0 | 0 |
| KRATOS DEFENSE  SEC SOLUTIO | COM NEW | 50077B207 |  | 352550 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| LIBERTY BROADBAND CORP | COM SER A | 530307107 |  | 8537400 | 170000 | SH |  | SOLE |  | 170000 | 0 | 0 |
| LIBERTY BROADBAND CORP | COM SER C | 530307305 |  | 125430293 | 2493644 | SH |  | SOLE |  | 2493644 | 0 | 0 |
| MASIMO CORP | COM | 574795100 |  | 564915120 | 3176000 | SH |  | SOLE |  | 3176000 | 0 | 0 |
| MEDLINE INC | COM CL A | 58507V107 |  | 2225000 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| NETFLIX INC. | COM | 64110L106 |  | 296911200 | 3088000 | SH |  | SOLE |  | 3088000 | 0 | 0 |
| NETFLIX INC. | COM | 64110L106 |  | 123072000 | 1280000 | SH | Call | SOLE |  | 1280000 | 0 | 0 |
| NETFLIX INC. | COM | 64110L106 |  | 323064000 | 3360000 | SH | Put | SOLE |  | 3360000 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 924140000 | 3220000 | SH |  | SOLE |  | 3220000 | 0 | 0 |
| NORFOLK SOUTHN CORP | COM | 655844108 |  | 29647100 | 103300 | SH | Put | SOLE |  | 103300 | 0 | 0 |
| ONESTREAM INC | CL A | 68278B107 |  | 45360000 | 1890000 | SH |  | SOLE |  | 1890000 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 22802050 | 155000 | SH |  | SOLE |  | 155000 | 0 | 0 |
| ORACLE CORP | COM | 68389X105 |  | 10297700 | 70000 | SH | Put | SOLE |  | 70000 | 0 | 0 |
| PARAMOUNT SKYDANCE CORP | COM CL B | 69932A204 |  | 36982000 | 4100000 | SH |  | SOLE |  | 4100000 | 0 | 0 |
| PARAMOUNT SKYDANCE CORP | COM CL B | 69932A204 |  | 33374000 | 3700000 | SH | Put | SOLE |  | 3700000 | 0 | 0 |
| PINNACLE FINL PARTNERS INC | COM | 72348N109 |  | 25842000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| PURETECH HEALTH PLC | ADS | 746237106 |  | 1040200 | 70000 | SH |  | SOLE |  | 70000 | 0 | 0 |
| REDDIT INC | CL A | 75734B100 |  | 673250 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| SILICON LABORATORIES INC | COM | 826919102 |  | 104075000 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462F103 |  | 377197200 | 580000 | SH |  | SOLE |  | 580000 | 0 | 0 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462F103 |  | 3251700 | 5000 | SH | Call | SOLE |  | 5000 | 0 | 0 |
| STATE STR SPDR S 500 ETF T | TR UNIT | 78462F103 |  | 1955897550 | 3007500 | SH | Put | SOLE |  | 3007500 | 0 | 0 |
| STRUCTURE THERAPEUTICS INC | SPONSORED ADS | 86366E106 |  | 11809000 | 245000 | SH |  | SOLE |  | 245000 | 0 | 0 |
| SURGERY PARTNERS INC | COM | 86881A100 |  | 150847600 | 12655000 | SH |  | SOLE |  | 12655000 | 0 | 0 |
| TECK RESOURCES LTD | CL B | 878742204 |  | 360180000 | 6960000 | SH |  | SOLE |  | 6960000 | 0 | 0 |
| TENET HEALTHCARE CORP | COM NEW | 88033G407 |  | 23588750 | 125000 | SH |  | SOLE |  | 125000 | 0 | 0 |
| TXNM ENERGY INC | COM | 69349H107 |  | 163688000 | 2800000 | SH |  | SOLE |  | 2800000 | 0 | 0 |
| UNITED AIRLS HLDGS INC | COM | 910047109 |  | 46035000 | 500000 | SH |  | SOLE |  | 500000 | 0 | 0 |
| UNITED AIRLS HLDGS INC | COM | 910047109 |  | 48797100 | 530000 | SH | Put | SOLE |  | 530000 | 0 | 0 |
| UNITED PARCEL SVCS INC | CL B | 911312106 |  | 4427100 | 45000 | SH |  | SOLE |  | 45000 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 138542080 | 512000 | SH |  | SOLE |  | 512000 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 768475600 | 2840000 | SH | Call | SOLE |  | 2840000 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 174530550 | 645000 | SH | Put | SOLE |  | 645000 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 4588500 | 50000 | SH | Put | SOLE |  | 50000 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 1379727700 | 50245000 | SH |  | SOLE |  | 50245000 | 0 | 0 |
| WARNER BROS DISCOVERY INC | COM SER A | 934423104 |  | 133782374 | 4871900 | SH | Put | SOLE |  | 4871900 | 0 | 0 |
| WEBSTER FINL CORP | COM | 947890109 |  | 129543968 | 1866090 | SH |  | SOLE |  | 1866090 | 0 | 0 |
| WHITEFIBER INC | SHS | G96115103 |  | 119100 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| WHITEFIBER INC | SHS | G96115103 |  | 416850 | 35000 | SH | Call | SOLE |  | 35000 | 0 | 0 |

---