Investment adviser · CRD 156873

PENTWATER CAPITAL MANAGEMENT LP

Investment adviser filing (IA)

NAPLES, FL, United States · Form ADV filed Mar 31, 2026

Regulatory AUM: $19.3B
Client accounts: 23
Employees: 45
Advisory professionals: 20

Who they report serving

Form ADV · Item 5.D

Client types and their share of reported regulatory assets.

Client type	Clients	Regulatory assets	Share of AUM
Pooled investment vehicles	21	$18,180,408,528	94.4%
Corporations & businesses	2	$1,083,576,544	5.6%

Filing source

Form ADV 2069176 · Mar 31, 2026 · Item 5.D

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

Private funds & service providers

12 Private funds

The count excludes feeder funds. Funds in the latest filing appear first, ordered by reported gross assets. Earlier funds retain their last reported values.

PENTWATER MERGER ARBITRAGE MASTER FUND LTDHedge Fund · Last reported Mar 31, 2026$9.59BGross asset value

Feeder funds

Fund administrator NORTHERN TRUST GLOBAL FUND SERVICES CAYMAN LIMITED GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Fund administrator NORTHERN TRUST HEDGE FUND SERVICES LLC CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP CHICAGO, Illinois, United States

Auditor ERNST & YOUNG LTD. GRAND CAYMAN, Cayman Islands

Custodian BANK OF AMERICA N.A. NEW YORK, New York, United States Related to adviser: No

Custodian BARCLAYS BANK PLC NEW YORK, New York, United States Related to adviser: No

Custodian BLACKROCK CASH MANAGEMENT LONDON, United Kingdom Related to adviser: No

Custodian BOFA SECURITIES, INC. NEW YORK, New York, United States Related to adviser: No

Custodian CANADIAN IMPERIAL BANK OF COMMERCE TORONTO, Canada Related to adviser: No

Custodian CITIBANK NA NEW YORK, New York, United States Related to adviser: No

Custodian CITIGROUP GLOBAL MARKETS INC. NEW YORK, New York, United States Related to adviser: No

Custodian CITIGROUP GLOBAL MARKETS LIMITED NEW YORK, New York, United States Related to adviser: No

Custodian GOLDMAN, SACHS & CO. NEW YORK, New York, United States Related to adviser: No

Custodian GOLDMAN SACHS INTERNATIONAL NEW YORK, New York, United States Related to adviser: No

Custodian HSBC BANK PLC LONDON, United Kingdom Related to adviser: No

Custodian JEFFERIES FINANCIAL PRODUCTS, LLC NEW YORK, New York, United States Related to adviser: No

Custodian JEFFERIES INTERNATIONAL LIMITED NEW YORK, New York, United States Related to adviser: No

Custodian JP MORGAN CHASE BANK N.A. NEW YORK, New York, United States Related to adviser: No

Custodian MIZUHO CAPITAL MARKETS LLC, NEW YORK, New York, United States Related to adviser: No

Custodian MORGAN STANLEY CAPITAL SERVICES LLC NEW YORK, New York, United States Related to adviser: No

Custodian MORGAN STANLEY & CO. INTERNATIONAL PLC NEW YORK, New York, United States Related to adviser: No

Custodian NOMURA GLOBAL FINANCIAL PRODUCTS INC. NEW YORK, New York, United States Related to adviser: No

Custodian NOMURA INTERNATIONAL PLC NEW YORK, New York, United States Related to adviser: No

Custodian NORTHERN TRUST COMPANY GRAND CAYMAN, Cayman Islands Related to adviser: No

Custodian UBS AG DALLAS, Texas, United States Related to adviser: No

Custodian UBS SECURITIES LLC NEW YORK, New York, United States Related to adviser: No

Custodian WELLS FARGO N.A. MINNEAPOLIS, Minnesota, United States Related to adviser: No

Prime broker BOFA SECURITIES, INC. NEW YORK, New York, United States

Prime broker CITIGROUP GLOBAL MARKETS INC. NEW YORK, New York, United States

Prime broker GOLDMAN, SACHS & CO. NEW YORK, New York, United States

Prime broker UBS AG DALLAS, Texas, United States

Prime broker UBS SECURITIES LLC NEW YORK, New York, United States

Provider details

Annual audit: Yes
Prime brokers: Yes
Custodians: Yes
Administrator other than the adviser: Yes
External marketing: No

ERNST & YOUNG LLP
PCAOB 42

ERNST & YOUNG LTD.
PCAOB 1655

BOFA SECURITIES, INC.
SEC 8-69787

JEFFERIES FINANCIAL PRODUCTS, LLC
LEI 549300VTTUT4EQ1V6W27

JEFFERIES INTERNATIONAL LIMITED
LEI S5THZMDUJCTQZBTRVI98

NOMURA GLOBAL FINANCIAL PRODUCTS INC.
LEI 0Z3VO5H2G7GRS05BHJ91

BOFA SECURITIES, INC.
CRD 283942 · SEC 8-69787

Fund details & source

Fund ID: 805-6715586254
Reported beneficial owners: 138
Minimum commitment: $100K
Form D file number: 021-170223
Form D file number: 021-170225

Form ADV 2069176 · Mar 31, 2026 · Schedule D 7.B.(1)

Official IAPD profile (latest public filing). Values are the most recently reported in our imported data; the public profile may show a newer filing.

PWCM MASTER FUND LTDHedge Fund · Last reported Mar 31, 2026$3.17BGross asset value

Feeder funds

Fund administrator NORTHERN TRUST GLOBAL FUND SERVICES CAYMAN LIMITED GRAND CAYMAN, Cayman Islands Investor statements: Yes (provided to all investors) Related to adviser: No

Fund administrator NORTHERN TRUST HEDGE FUND SERVICES LLC CHICAGO, Illinois, United States Investor statements: Yes (provided to all investors) Related to adviser: No

Auditor ERNST & YOUNG LLP CHICAGO, Illinois, United States

Auditor ERNST & YOUNG LTD GRAND CAYMAN, Cayman Islands