Owl Creek Asset Management, L.P.
Long book
$517.5M
Q1 2026
Positions
21
Top-10 weight
91%
concentration
Last quarter
+74.5%
SPY +14.8%
Turnover
66%
of book per quarter
Strategy in plain words
auto-generated from filingsOwl Creek Asset Management, L.P. is a concentrated fundamental stock-picker, running a $517.5M US long book across 21 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: ANTERIX INC, REPUBLIC AIRWAYS HOLDINGS IN, FTAI AVIATION LTD, P G & E CORP, SKYWEST INC.
Over the last 9 quarters its long book ran on average 4.9pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. 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
Q1 2024
+8.6%
Q2 2024
+4.3%
Q3 2024
-7.0%
Q4 2024
+6.4%
Q1 2025
-9.6%
Q2 2025
+3.1%
Q3 2025
-1.4%
Q4 2025
+6.0%
Q1 2026
+74.5%
Sector allocation
Communications 42%
Industrials 25%
Utilities 16%
Services media 10%
Technology 4%
Healthcare 3%
Consumer discretionary 1%
Financials 0%
Long book by quarter
What does Owl Creek own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| ATEX ANTERIX INC | Communications | 5.4M | $206.7M | 39.9% | Held |
| RJET REPUBLIC AIRWAYS HOLDINGS IN | Industrials | 4.2M | $75.7M | 14.6% | +2.9% |
| FTAI FTAI AVIATION LTD | Services media | 205.4K | $50.3M | 9.7% | -23.5% |
| PCG P G & E CORP | Utilities | 2.8M | $48.9M | 9.5% | -47.8% |
| SKYW SKYWEST INC | Industrials | 326.3K | $30.0M | 5.8% | +2.6% |
| TLN TALEN ENERGY CORP | Utilities | 64.0K | $20.4M | 4.0% | -33.0% |
| VST VISTRA CORP | Utilities | 63.8K | $9.6M | 1.9% | -58.4% |
| BWXT BWX TECHNOLOGIES INC | Industrials | 39.3K | $8.0M | 1.6% | -52.5% |
| ISRG INTUITIVE SURGICAL INC | Healthcare | 17.1K | $7.9M | 1.5% | New |
| CYH COMMUNITY HEALTH SYSTEMS INC | Healthcare | 2.5M | $7.4M | 1.4% | +65.4% |
| DHR DANAHER CORP | Technology | 34.7K | $6.6M | 1.3% | -45.4% |
| SPOT SPOTIFY TECHNOLOGY SA | Communications | 12.7K | $6.1M | 1.2% | New |
| INTU INTUIT INC | Technology | 13.7K | $5.9M | 1.1% | New |
| ALK ALASKA AIR GROUP INC | Industrials | 157.2K | $5.8M | 1.1% | New |
| NVDA NVIDIA CORP | Technology | 21.0K | $3.7M | 0.7% | -82.6% |
| APP APPLOVIN CORP-CLASS A | Technology | 8.5K | $3.4M | 0.7% | -27.3% |
| GE GENERAL ELECTRIC | Industrials | 11.3K | $3.2M | 0.6% | New |
| AMZN AMAZON.COM INC | Consumer discretionary | 14.3K | $3.0M | 0.6% | -91.1% |
| HWM HOWMET AEROSPACE INC | Industrials | 6.8K | $1.6M | 0.3% | New |
| BTMCQ BITCOIN DEPOT INC | Financials | 502.0K | $1.1M | 0.2% | New |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 30 | $1.38B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 17, 2026 | 45 | $3.31B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 54 | $3.15B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 56 | $2.26B | canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 48 | $7.34B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 45 | $4.96B | canonical | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 61 | $2.50B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 49 | $1.26B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 61 | $949.0M | canonical | SEC ↗ |
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