Pentwater Capital Management LP

Pentwater Capital Management LP is 10% Owner at AVIS BUDGET GROUP, INC. (CAR). They have made 23 open-market trades across 4 companies since 2012, most recently 2026-04-23.

CIK 0001425851

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15 open-market purchases totalling $131.5M since 2012, against 8 sales. Across 5 scored buys the stock is up 12.3% at thirty days, and 14.5 points ahead of the S&P over the same stretch.

Insider rating

Alpha vs SPY after a buy

7d+2.5%

30d+14.5%

90d—

7 scored purchases · one row per filing · discretionary only

Current Position

Ticker	Shares	Value
TBRA	3,753,200	$158.0M
CAR	193	$20K
DTG	2,793,322	—
STEI	8,315,058	—
Total		$158.0M

Shares reported on the most recent Form 4, priced at the 2026-04-28 close. 2 holdings could not be priced and are excluded from the total.

Last 12 Months

Bought

$80.1M

1 filing · 850,000 sh

Sold

$1.8B

Grade by Ticker

BTBRA

6 trades

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Buy Track Record

Filings15

	7d	30d	90d
Accuracy	86%	100%	—
Avg Move	+1.6%	+12.3%	—
Alpha	+2.5%	+14.5%	—
Scored	7	5	1

Discretionary filings only. 10b5-1 plan trades, tax withholding and option exercises are excluded, and each column is one row per filing rather than per execution lot.

Sell Track Record

Filings8

Only 3 decision-sell filings — too few to score

Decision sells only — a first sale after buying the stock, or a sale by a fund or 10% owner. Ordinary sales by officers and directors show no relationship to what the stock does next, so they are counted but not scored.

Volume by Type

SOpen-Market Sale

Companies

Trade History

23 total

CARSELL

$223.1M

2026-04-237d: -9.9%

Selling the RipOpportunistic SellUnusually Large TradeTop Trade

CARSELL

$1.0B

2026-04-227d: -9.9%

Selling the RipOpportunistic SellTop Trade

CARSELL

$510.9M

2026-04-227d: -9.9%

Selling the RipOpportunistic SellTop Trade

CARBUY

$40.1M

2026-02-207d: +0.2%

Buying the DipActivist InvestorFirst-Time BuyerOpportunistic BuyTop TradeDeep Dip Buy

•Stock down -37% in previous 6 months
•Mid-Cap ($2B-$10B market cap)

TBRABUY

$628K

2016-10-31N/A

Minimal Holdings IncreaseActivist InvestorOpportunistic BuyMomentum Buy

•Stock up +952% in previous 3 months

TBRABUY

$1.6M

2016-10-177d: +4.6%

Minimal Holdings IncreaseActivist InvestorOpportunistic BuyMomentum Buy

•Stock up +774% in previous month

TBRABUY

$357K

2016-10-047d: -0.6%

Minimal Holdings IncreaseActivist InvestorOpportunistic Buy

•Stock up +675% in previous month

TBRABUY

$969K

2016-09-297d: +0.8%

First-Time BuyerMinimal Holdings IncreaseActivist InvestorOpportunistic Buy

•Stock up +693% in previous month

TBRABUY

$2.0M

2016-09-267d: +2.7%

Activist InvestorOpportunistic Buy

•Increased holdings by 1%
•Stock up +702% in previous month

TBRABUY

$4.1M

2016-09-237d: +2.2%

Minimal Holdings IncreaseActivist InvestorOpportunistic Buy

•3rd largest purchase, out of 7
•Stock up +718% in previous month

TBRABUY

$66.6M

2016-09-207d: +1.3%

10% Owner PurchaseOpportunistic Buy

•Increased holdings by 7%
•Largest purchase ever, out of 7
+1 more

STEISELL

$15.8M

2013-05-24N/A

Opportunistic SellUnusually Large Trade

Unusually Large TradeOpportunistic Sell

Buy-to-Sell ReversalOpportunistic Sell

DTGBUY

$655K

2012-06-25N/A

First-Time BuyerMinimal Holdings Increase10% Owner PurchaseOpportunistic Buy

DTGBUY

$162K

2012-06-18N/A

Minimal Holdings Increase10% Owner PurchaseOpportunistic Buy

DTGBUY

$623K

2012-06-13N/A

Minimal Holdings Increase10% Owner PurchaseOpportunistic Buy

DTGBUY

$2.2M

2012-06-07N/A

Minimal Holdings Increase10% Owner PurchaseOpportunistic Buy

DTGBUY

$3.1M

2012-06-04N/A

10% Owner PurchaseOpportunistic Buy

STEIBUY

$3.1M

2012-05-18N/A

First-Time Buyer10% Owner PurchaseUnusually Large TradeOpportunistic Buy

STEIBUY

$5.4M

2012-05-02N/A

Minimal Holdings Increase10% Owner PurchaseOpportunistic Buy

Ticker	Type	Traded	Filed	Price	Value	7d Stock	30d Stock	90d Stock
CAR	SELL	2026-04-23	2026-04-28	$264.60	$223.1M	-9.9%	+7.9%	+1.4%
CAR	SELL	2026-04-22	2026-04-28	$619.35	$1.0B	-9.9%	+7.9%	+1.4%
CAR	SELL	2026-04-22	2026-04-28	$275.84	$510.9M	-9.9%	+7.9%	+1.4%
CAR	BUY	2026-02-20	2026-02-24	$94.26	$40.1M	+0.2%	+43.4%	+71.0%
TBRA	BUY	2016-10-31	2016-11-02	$41.84	$628K	N/A	N/A	N/A
TBRA	BUY	2016-10-17	2016-10-19	$40.06	$1.6M	+4.6%	N/A	N/A
TBRA	BUY	2016-10-04	2016-10-06	$39.83	$357K	-0.6%	N/A	N/A
TBRA	BUY	2016-09-29	2016-09-30	$39.49	$969K	+0.8%	+5.8%	N/A
TBRA	BUY	2016-09-26	2016-09-28	$39.00	$2.0M	+2.7%	+5.5%	N/A
TBRA	BUY	2016-09-23	2016-09-23	$39.18	$4.1M	+2.2%	+3.5%	N/A
TBRA	BUY	2016-09-20	2016-09-22	$39.05	$66.6M	+1.3%	+3.5%	N/A
STEI	SELL	2013-05-24	2013-05-24	$9.52	$15.8M	N/A	N/A	N/A
STEI	SELL	2013-05-17	2013-05-21	$9.28	$1.7M	N/A	N/A	N/A
STEI	SELL	2013-05-14	2013-05-16	$9.11	$4.9M	N/A	N/A	N/A
STEI	SELL	2013-03-25	2013-03-27	$9.39	$1.0M	N/A	N/A	N/A
STEI	SELL	2013-03-12	2013-03-14	$8.88	$7.1M	N/A	N/A	N/A
DTG	BUY	2012-06-25	2012-06-27	$79.89	$655K	N/A	N/A	N/A
DTG	BUY	2012-06-18	2012-06-20	$80.94	$162K	N/A	N/A	N/A
DTG	BUY	2012-06-13	2012-06-15	$79.86	$623K	N/A	N/A	N/A
DTG	BUY	2012-06-07	2012-06-11	$79.45	$2.2M	N/A	N/A	N/A
DTG	BUY	2012-06-04	2012-06-06	$77.35	$3.1M	N/A	N/A	N/A
STEI	BUY	2012-05-18	2012-05-22	$6.15	$3.1M	N/A	N/A	N/A
STEI	BUY	2012-05-02	2012-05-04	$6.22	$5.4M	N/A	N/A	N/A

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