Morgan Creek Capital Management, LLC
Long book
$151.4M
Q1 2026
Positions
9
Top-10 weight
100%
concentration
Last quarter
-0.2%
SPY +14.8%
Turnover
56%
of book per quarter
Strategy in plain words
auto-generated from filingsMorgan Creek Capital Management, LLC is a concentrated fundamental stock-picker, specialised in financials (95% of the long book), running a $151.4M US long book across 9 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. Turnover is high — positions rotate quickly, so individual names matter less than the process. Current anchor positions: FIGURE TECHNOLOGY SOLUT-CL A, GEMINI SPACE STATION INC-A, UBER TECHNOLOGIES INC, FULL TRUCK ALLIANCE -SPN ADR, LYFT INC-A.
We rate its filings as signal-bearing: position changes reflect genuine views.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q4 2025
-19.6%
Q1 2026
-0.2%
Sector allocation
Financials 96%
Services media 3%
Communications 1%
Energy 0%
Technology 0%
Healthcare 0%
Long book by quarter
What does Morgan Creek own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| FIGR FIGURE TECHNOLOGY SOLUT-CL A | Financials | 3.9M | $131.6M | 86.9% | -49.7% |
| GEMI GEMINI SPACE STATION INC-A | Financials | 2.6M | $11.7M | 7.7% | Held |
| UBER UBER TECHNOLOGIES INC | Services media | 45.0K | $3.2M | 2.1% | Held |
| LYFT LYFT INC-A | Services media | 97.7K | $1.3M | 0.9% | Held |
| IHS IHS HOLDING LTD | Communications | 155.0K | $1.3M | 0.8% | Held |
| PAA PLAINS ALL AMER PIPELINE LP | Energy | 17.6K | $394K | 0.3% | Held |
| U UNITY SOFTWARE INC | Technology | 9.3K | $205K | 0.1% | New |
| INSM INSMED INC | Healthcare | 1.3K | $205K | 0.1% | New |