{"url":"https://nivawealth.com/firms/pentwater-capital-management-156873","iapdUrl":"https://adviserinfo.sec.gov/firm/summary/156873","regulatoryAum":19263985072,"crd":"156873","secFileNumber":"801-72861","legalName":"Pentwater Capital Management LP","displayName":"Pentwater Capital Management","website":null,"founded":null,"organization":"Delaware limited partnership","fiscalYearEnd":"December","headquarters":{"street":"1001 10th Avenue South, Suite 216","city":"Naples","state":"FL","stateName":"Florida","country":"United States","postalCode":"34102"},"tradeNames":[],"registration":{"secApproved":"16 November 2011","noticeFilings":null,"latestNoticeFiling":null},"staff":{"employees":45,"advisory":20,"brokerDealerReps":0,"insuranceAgents":0,"promoters":0},"aum":{"discretionary":19263985072,"discretionaryAccounts":23,"nonDiscretionary":0,"nonDiscretionaryAccounts":0,"wrapProgram":null,"nonUsClientsPct":70,"nonAumClients":0},"clientTypes":[{"label":"Pooled investment vehicles","clients":21,"regulatoryAum":18180408528},{"label":"Corporations and other businesses","clients":2,"regulatoryAum":1083576544}],"fees":[],"feeNotes":[],"feePrograms":[],"brochureCoverage":{"scope":"known_documents","status":"not_processed","checkedAt":null,"documents":[]},"custodians":[{"name":"UBS Securities LLC","shortName":"UBS Securities","location":"New York, NY","smaAssets":1118907628},{"name":"Goldman Sachs & Co","shortName":"Goldman Sachs &","location":"New York, NY","smaAssets":180110922},{"name":"Citigroup Global Markets","shortName":"Citigroup Global Markets","location":"New York, NY","smaAssets":633078414},{"name":"Bofa Securities, Inc.","shortName":"Bofa Securities","location":"New York, NY","smaAssets":250867739}],"custodyNote":"Pentwater Capital Management has custody of $17.63B for 19 clients.","otherCustodians":[],"leadership":[{"name":"Matthew Halbower","title":"Chief Executive Officer","crd":"4135663"},{"name":"Joyce Kalleekal","title":"Chief Financial Officer","crd":"7776887"},{"name":"David Zirin","title":"Chief Operating Officer","crd":"2813217"},{"name":"Hooman Tavakolian","title":"Chief Compliance Officer","crd":"4320786"}],"ownership":[{"label":"Pentwater Partners LP","detail":"Limited partner in the 75% or more ownership band and a control person, since August 2024."},{"label":"Matthew Halbower","detail":"Indirect owner: a shareholder of MCH PWCM Holdings Inc. in the 75% or more band and a control person, since March 2025. Also a limited partner of Pentwater Partners LP in the 50% to 75% band and a control person, since August 2024.","parent":"MCH PWCM Holdings Inc."},{"label":"Halbower Legacy Trust","detail":"Indirect owner: a limited partner of Pentwater Partners LP in the 25% to 50% band and a control person, since August 2024.","parent":"Pentwater Partners LP"},{"label":"Julie Halbower","detail":"Indirect owner: trustee of Halbower Legacy Trust and a control person, since July 2007.","parent":"Halbower Legacy Trust"},{"label":"Susan Halbower","detail":"Indirect owner: trustee of Halbower Legacy Trust and a control person, since July 2007.","parent":"Halbower Legacy Trust"},{"label":"MCH PWCM Holdings Inc.","detail":"Indirect owner: general partner of Pentwater Partners LP and a control person, since March 2025.","parent":"Pentwater Partners LP"}],"branchOffices":null,"filedOffices":{"otherThanPrincipal":1,"privateResidences":0},"listedOfficeAddresses":2,"officesByState":[{"state":"Florida","offices":1,"addresses":[{"street":"1001 10th Avenue South, Suite 216","city":"Naples","headquarters":true}]},{"state":"Illinois","offices":1,"addresses":[{"street":"614 Davis Street","city":"Evanston"}]}],"advFacts":{"source":{"file":"ia100226.zip","asOf":"2 October 2026"},"telephone":"239-384-9750","stateRegisteredReps":0,"otherAdviserReps":0,"compensation":["A percentage of assets under management","Performance-based fees"],"activities":["Portfolio management for pooled investment vehicles (other than investment companies)","Portfolio management for businesses (other than small businesses) or institutional clients"],"financialPlanningClients":null,"assetMix":[{"label":"Exchange-traded equity securities","percent":83},{"label":"Non-exchange-traded equity securities","percent":8},{"label":"Non-investment grade corporate bonds","percent":2},{"label":"Derivatives","percent":4},{"label":"Cash and cash equivalents","percent":3}],"privateFunds":7},"sources":{"adv1FilingDate":"31 March 2026","adv1Url":"https://reports.adviserinfo.sec.gov/reports/ADV/156873/PDF/156873.pdf","brochureDate":null,"brochureUrl":null,"iapdCompiledDate":null,"retrievedDate":"15 October 2026","retrievedOn":"2026-10-15","adv1Pages":{},"brochurePages":{}},"otherBusiness":[],"faq":[{"question":"How many clients does Pentwater Capital Management have?","answer":"Pentwater Capital Management has 23 clients and manages $19.3 billion for them, as of March 2026. They include 21 pooled investment vehicles and 2 corporations and other businesses.","source":"Form ADV Part 1A, Items 5.D and 5.F, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What services does Pentwater Capital Management offer?","answer":"Pentwater Capital Management provides portfolio management for pooled vehicles and portfolio management for institutions.","source":"Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Which custodians does Pentwater Capital Management use?","answer":"Pentwater Capital Management’s separately managed account assets are held at UBS Securities LLC (New York, NY), with $1,118,907,628, Citigroup Global Markets (New York, NY), with $633,078,414, Bofa Securities, Inc. (New York, NY), with $250,867,739 and Goldman Sachs & Co (New York, NY), with $180,110,922. Only custodians holding at least a tenth of those assets are named.","source":"Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 31 March 2026","sourceRef":{"doc":"adv1","section":"custodians"}},{"question":"How many financial advisors does Pentwater Capital Management have?","answer":"Pentwater Capital Management has 0 investment adviser representatives registered with state securities authorities, out of 45 employees, and 20 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.","source":"Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"What does Pentwater Capital Management invest in?","answer":"At the end of its last fiscal year, Pentwater Capital Management’s separately managed accounts held 83% exchange-traded equities, 8% non-exchange-traded equities, 4% derivatives, 3% cash and equivalents and 2% high-yield corporate bonds. It advises 7 private funds.","source":"Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file","sourceRef":{"doc":"adv1","section":"employees"}},{"question":"Who owns Pentwater Capital Management?","answer":"Pentwater Capital Management is owned through a chain of holding companies by Matthew Halbower. Its direct owner is Pentwater Partners LP (75% or more).","source":"Form ADV Part 1A, Schedules A and B, filed 31 March 2026","sourceRef":{"doc":"adv1","section":"scheduleA"}},{"question":"How does Pentwater Capital Management get paid?","answer":"Pentwater Capital Management is paid through a percentage of assets under management and performance-based fees. 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Facts as filed; not a rating, ranking, or recommendation. Niva Wealth is not affiliated with this firm. Disciplinary history is deliberately not included here or on the page; the SEC publishes the complete record at the `iapdUrl` above."}