# EDGAR Filing Document

**Accession Number:** 0001425851
**File Stem:** 0001140361-25-031255
**Filing Date:** 2025-8
**Character Count:** 13463
**Document Hash:** f399630c45fdd5199333a3b044d82958
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001140361-25-031255.hdr.sgml**: 20250814

**ACCESSION NUMBER**: 0001140361-25-031255

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250814

**DATE AS OF CHANGE**: 20250814

**EFFECTIVENESS DATE**: 20250814

**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:** 251219904

**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:** 06-30-2025

**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  08-14-2025<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:** 96

**Form 13F Information Table Value Total:** $15414652915

      (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 |
| ACUREN CORP | COM | 00510N102 |  | 3000109 | 271749 | SH |  | SOLE |  | 271749 | 0 | 0 |
| AMC ENTMT HLDGS INC | CL A NEW | 00165C302 |  | 310000 | 100000 | SH | Put | SOLE |  | 100000 | 0 | 0 |
| AMEDISYS INC | COM | 023436108 |  | 168747115 | 1715084 | SH |  | SOLE |  | 1715084 | 0 | 0 |
| ANSYS INC | COM | 03662Q105 |  | 286244300 | 815000 | SH |  | SOLE |  | 815000 | 0 | 0 |
| ANSYS INC | COM | 03662Q105 |  | 105366000 | 300000 | SH | Put | SOLE |  | 300000 | 0 | 0 |
| ASPEN INSURANCE HOLDINGS LTD | ORD SHS CL A | G05384501 |  | 629400 | 20000 | SH |  | SOLE |  | 20000 | 0 | 0 |
| ATLANTA BRAVES HLDGS INC | COM SER C | 047726302 |  | 4209300 | 90000 | SH |  | SOLE |  | 90000 | 0 | 0 |
| AVIS BUDGET GROUP | COM | 053774105 |  | 383743500 | 2270000 | SH |  | SOLE |  | 2270000 | 0 | 0 |
| AVIS BUDGET GROUP | COM | 053774105 |  | 114954000 | 680000 | SH | Call | SOLE |  | 680000 | 0 | 0 |
| AVIS BUDGET GROUP | COM | 053774105 |  | 673630440 | 3984800 | SH | Put | SOLE |  | 3984800 | 0 | 0 |
| AZEK CO INC | CL A | 05478C105 |  | 112287100 | 2066000 | SH |  | SOLE |  | 2066000 | 0 | 0 |
| BLUEPRINT MEDICINES CORP | COM | 09627Y109 |  | 499902000 | 3900000 | SH |  | SOLE |  | 3900000 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 429536500 | 2050000 | SH |  | SOLE |  | 2050000 | 0 | 0 |
| BOEING CO | COM | 097023105 |  | 959333105 | 4578500 | SH | Put | SOLE |  | 4578500 | 0 | 0 |
| BRIGHTHOUSE FINL INC | COM | 10922N103 |  | 51081500 | 950000 | SH |  | SOLE |  | 950000 | 0 | 0 |
| BRIGHTHOUSE FINL INC | COM | 10922N103 |  | 93022100 | 1730000 | SH | Put | SOLE |  | 1730000 | 0 | 0 |
| BROOKLINE BANCORP INC DEL | COM | 11373M107 |  | 6910250 | 655000 | SH |  | SOLE |  | 655000 | 0 | 0 |
| CARNIVAL CORP | UNIT 99/99/9999 | 143658300 |  | 116698000 | 4150000 | SH |  | SOLE |  | 4150000 | 0 | 0 |
| CARNIVAL CORP | UNIT 99/99/9999 | 143658300 |  | 82954000 | 2950000 | SH | Put | SOLE |  | 2950000 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 14319000 | 100000 | SH | Call | SOLE |  | 100000 | 0 | 0 |
| CHEVRON CORP NEW | COM | 166764100 |  | 330052950 | 2305000 | SH | Put | SOLE |  | 2305000 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 |  | 31835550 | 1865000 | SH |  | SOLE |  | 1865000 | 0 | 0 |
| CORE SCIENTIFIC INC NEW | COM | 21874A106 |  | 21340914 | 1250200 | SH | Put | SOLE |  | 1250200 | 0 | 0 |
| CROWN HLDGS INC | COM | 228368106 |  | 2881277 | 27979 | SH |  | SOLE |  | 27979 | 0 | 0 |
| CYTOKINETICS INC | COM NEW | 23282W605 |  | 9912000 | 300000 | SH |  | SOLE |  | 300000 | 0 | 0 |
| DIVERSIFIED ENERGY COMPANY P | SHS NEW | G2891G204 |  | 2200500 | 150000 | SH |  | SOLE |  | 150000 | 0 | 0 |
| DUN  BRADSTREET HLDGS INC | COM | 26484T106 |  | 74083500 | 8150000 | SH |  | SOLE |  | 8150000 | 0 | 0 |
| ENSTAR GROUP LIMITED | SHS | G3075P101 |  | 148368396 | 441100 | SH |  | SOLE |  | 441100 | 0 | 0 |
| ESPERION THERAPEUTICS INC NE | COM | 29664W105 |  | 178462 | 181290 | SH |  | SOLE |  | 181290 | 0 | 0 |
| ESPERION THERAPEUTICS INC NE | NOTE 4.000%11/15/25 | 29664WAB1 |  | 10659507 | 10861000 | PRN |  | SOLE |  | 10861000 | 0 | 0 |
| FOOT LOCKER INC | COM | 344849104 |  | 80850000 | 3300000 | SH |  | SOLE |  | 3300000 | 0 | 0 |
| FRONTIER COMMUNICATIONS PARE | COM | 35909D109 |  | 144508000 | 3970000 | SH |  | SOLE |  | 3970000 | 0 | 0 |
| GENEDX HOLDINGS CORP | COM CL A | 81663L200 |  | 112618200 | 1220000 | SH |  | SOLE |  | 1220000 | 0 | 0 |
| GENEDX HOLDINGS CORP | COM CL A | 81663L200 |  | 1846200 | 20000 | SH | Call | SOLE |  | 20000 | 0 | 0 |
| GENEDX HOLDINGS CORP | COM CL A | 81663L200 |  | 95079300 | 1030000 | SH | Put | SOLE |  | 1030000 | 0 | 0 |
| GEO GROUP INC NEW | COM | 36162J106 |  | 77358500 | 3230000 | SH |  | SOLE |  | 3230000 | 0 | 0 |
| GEO GROUP INC NEW | COM | 36162J106 |  | 29937500 | 1250000 | SH | Put | SOLE |  | 1250000 | 0 | 0 |
| GMS INC | COM | 36251C103 |  | 43500000 | 400000 | SH |  | SOLE |  | 400000 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 61296000 | 160000 | SH |  | SOLE |  | 160000 | 0 | 0 |
| HCA HEALTHCARE INC | COM | 40412C101 |  | 44056500 | 115000 | SH | Put | SOLE |  | 115000 | 0 | 0 |
| HESS CORP | COM | 42809H107 |  | 1014112800 | 7320000 | SH |  | SOLE |  | 7320000 | 0 | 0 |
| HESS CORP | COM | 42809H107 |  | 380985000 | 2750000 | SH | Put | SOLE |  | 2750000 | 0 | 0 |
| HOLOGIC INC | COM | 436440101 |  | 651600 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| HOLOGIC INC | COM | 436440101 |  | 651600 | 10000 | SH | Put | SOLE |  | 10000 | 0 | 0 |
| INFORMATICA INC | COM CL A | 45674M101 |  | 166091350 | 6821000 | SH |  | SOLE |  | 6821000 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 896000 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| INTEL CORP | COM | 458140100 |  | 1120000 | 50000 | SH | Call | SOLE |  | 50000 | 0 | 0 |
| INTERPUBLIC GROUP COS INC | COM | 460690100 |  | 62595360 | 2557000 | SH |  | SOLE |  | 2557000 | 0 | 0 |
| INVESCO QQQ TR | UNIT SER 1 | 46090E103 |  | 35856600 | 65000 | SH | Put | SOLE |  | 65000 | 0 | 0 |
| ISHARES INC | MSCI GERMANY ETF | 464286806 |  | 7404250 | 175000 | SH | Put | SOLE |  | 175000 | 0 | 0 |
| ISHARES TR | MSCI UK ETF NEW | 46435G334 |  | 1986000 | 50000 | SH | Put | SOLE |  | 50000 | 0 | 0 |
| IVANHOE ELECTRIC INC | COM | 46578C108 |  | 23536650 | 2595000 | SH |  | SOLE |  | 2595000 | 0 | 0 |
| JUNIPER NETWORKS INC | COM | 48203R104 |  | 569002500 | 14250000 | SH |  | SOLE |  | 14250000 | 0 | 0 |
| JUNIPER NETWORKS INC | COM | 48203R104 |  | 93839493 | 2350100 | SH | Put | SOLE |  | 2350100 | 0 | 0 |
| KELLANOVA | COM | 487836108 |  | 708612300 | 8910000 | SH |  | SOLE |  | 8910000 | 0 | 0 |
| KENVUE INC | COM | 49177J102 |  | 17999800 | 860000 | SH |  | SOLE |  | 860000 | 0 | 0 |
| KENVUE INC | COM | 49177J102 |  | 6279000 | 300000 | SH | Put | SOLE |  | 300000 | 0 | 0 |
| LIBERTY BROADBAND CORP | COM SER A | 530307107 |  | 16629400 | 170000 | SH |  | SOLE |  | 170000 | 0 | 0 |
| LIBERTY BROADBAND CORP | COM SER C | 530307305 |  | 262871360 | 2672000 | SH |  | SOLE |  | 2672000 | 0 | 0 |
| LIBERTY MEDIA CORP DEL | COM LBTY LIV S A | 531229748 |  | 60404800 | 760000 | SH |  | SOLE |  | 760000 | 0 | 0 |
| MR COOPER GROUP INC | COM | 62482R107 |  | 69084230 | 463000 | SH |  | SOLE |  | 463000 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 57645300 | 445000 | SH |  | SOLE |  | 445000 | 0 | 0 |
| NUCOR CORP | COM | 670346105 |  | 64770000 | 500000 | SH | Put | SOLE |  | 500000 | 0 | 0 |
| OMADA HEALTH INC | COM | 68170A108 |  | 453840 | 24800 | SH |  | SOLE |  | 24800 | 0 | 0 |
| PARAMOUNT GLOBAL | CLASS A COM | 92556H107 |  | 1421477 | 61938 | SH |  | SOLE |  | 61938 | 0 | 0 |
| PARAMOUNT GLOBAL | CLASS B COM | 92556H206 |  | 197370000 | 15300000 | SH |  | SOLE |  | 15300000 | 0 | 0 |
| PARAMOUNT GLOBAL | CLASS B COM | 92556H206 |  | 142467600 | 11044000 | SH | Put | SOLE |  | 11044000 | 0 | 0 |
| PURETECH HEALTH PLC | ADS | 746237106 |  | 862500 | 50000 | SH |  | SOLE |  | 50000 | 0 | 0 |
| SABLE OFFSHORE CORP | COM SHS | 78574H104 |  | 219800 | 10000 | SH |  | SOLE |  | 10000 | 0 | 0 |
| SIRIUSXM HOLDINGS INC | COMMON STOCK | 829933100 |  | 5168250 | 225000 | SH |  | SOLE |  | 225000 | 0 | 0 |
| SITIO ROYALTIES CORP | CLASS A COM | 82983N108 |  | 14207740 | 773000 | SH |  | SOLE |  | 773000 | 0 | 0 |
| SKECHERS U S A INC | CL A | 830566105 |  | 441700000 | 7000000 | SH |  | SOLE |  | 7000000 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 142105500 | 230000 | SH |  | SOLE |  | 230000 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 3744171000 | 6060000 | SH | Put | SOLE |  | 6060000 | 0 | 0 |
| SPIRIT AEROSYSTEMS HLDGS INC | COM CL A | 848574109 |  | 341442500 | 8950000 | SH |  | SOLE |  | 8950000 | 0 | 0 |
| SPRINGWORKS THERAPEUTICS INC | COM | 85205L107 |  | 46990000 | 1000000 | SH |  | SOLE |  | 1000000 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 78086100 | 610000 | SH |  | SOLE |  | 610000 | 0 | 0 |
| STEEL DYNAMICS INC | COM | 858119100 |  | 6400500 | 50000 | SH | Put | SOLE |  | 50000 | 0 | 0 |
| SURGERY PARTNERS INC | COM | 86881A100 |  | 155610000 | 7000000 | SH |  | SOLE |  | 7000000 | 0 | 0 |
| SYNOPSYS INC | COM | 871607107 |  | 82028800 | 160000 | SH | Call | SOLE |  | 160000 | 0 | 0 |
| TALOS ENERGY INC | COM | 87484T108 |  | 169600 | 20000 | SH | Call | SOLE |  | 20000 | 0 | 0 |
| TECK RESOURCES LTD | CL B | 878742204 |  | 1615200 | 40000 | SH |  | SOLE |  | 40000 | 0 | 0 |
| TELA BIO INC | COM | 872381108 |  | 1581100 | 815000 | SH |  | SOLE |  | 815000 | 0 | 0 |
| T-MOBILE US INC | COM | 872590104 |  | 1191300 | 5000 | SH |  | SOLE |  | 5000 | 0 | 0 |
| TRIUMPH GROUP INC | COM | 896818101 |  | 38625000 | 1500000 | SH |  | SOLE |  | 1500000 | 0 | 0 |
| TXNM ENERGY INC | COM | 69349H107 |  | 63416320 | 1126000 | SH |  | SOLE |  | 1126000 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 304170750 | 975000 | SH |  | SOLE |  | 975000 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 141946350 | 455000 | SH | Call | SOLE |  | 455000 | 0 | 0 |
| UNITEDHEALTH GROUP INC | COM | 91324P102 |  | 301051050 | 965000 | SH | Put | SOLE |  | 965000 | 0 | 0 |
| V2X INC | COM | 92242T101 |  | 728250 | 15000 | SH |  | SOLE |  | 15000 | 0 | 0 |
| V2X INC | COM | 92242T101 |  | 67970 | 1400 | SH | Put | SOLE |  | 1400 | 0 | 0 |
| VENTURE GLOBAL INC | COM CL A | 92333F101 |  | 389500 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| VENTURE GLOBAL INC | COM CL A | 92333F101 |  | 233700 | 15000 | SH | Call | SOLE |  | 15000 | 0 | 0 |
| VERVE THERAPEUTICS INC | COM | 92539P101 |  | 75465600 | 6720000 | SH |  | SOLE |  | 6720000 | 0 | 0 |
| VOYAGER TECHNOLOGIES INC | COM CL A | 92892B103 |  | 981250 | 25000 | SH |  | SOLE |  | 25000 | 0 | 0 |
| WALGREENS BOOTS ALLIANCE INC | COM | 931427108 |  | 29848000 | 2600000 | SH |  | SOLE |  | 2600000 | 0 | 0 |

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