Owl Creek Asset Management, L.P.
CIK
1313756
Location
New York, NY
Portfolio Value
Mid
$1,121,180,895
Diversification
Moderately concentrated
Filing Date
Global Rank
#1,651
/ 8,622
▼ 609
· as of Mar 2026
Top Industry
Telecom Services
31.9%
3Y Alpha vs SPY
-1.8%
Period ended 4 months ago
Filed May 15, 2026 · 3mo
25 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Not a measure of this manager's performance.
Most of Owl Creek Asset Management, L.P.'s reported book is option positions, which a stock-only clone
cannot replicate. The figures below are the return of the
40% that is ordinary stock — as little as
9% in one quarter — so a manager whose options
thesis lost money can still show a large gain here.
Cloned portfolio
+64.9%
SPY
+67.9%
Annualised alpha
-0.7%
Max drawdown
−28.0%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 40% of reported value on average across 13 quarters. Past performance does not predict future results.
Portfolio Concentration
25 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
42.2%
−18.5 pts
Top 5
77.0%
+1.7 pts
Top 10
91.4%
+8.5 pts
HHI
2,264
Moderately concentrated−1,502
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Unclassified | 42.2% | $472,602,078 |
| Communication Services | 20.3% | $228,150,791 |
| Industrials | 15.6% | $174,546,184 |
| Utilities | 7.0% | $78,954,750 |
| Consumer Cyclical | 6.4% | $71,506,862 |
| Technology | 5.4% | $60,142,542 |
| Healthcare | 2.0% | $21,878,874 |
| Real Estate | 1.1% | $12,304,424 |
| Financial Services | 0.1% | $1,094,390 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
5 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| CYH | Community Health Systems Inc | +1,000,862 | 2,530,622 | $7,440,028 | |
| RJET | Republic Airways Holdings Inc. | +117,934 | 4,231,246 | $75,654,678 | |
| MSFT | Microsoft Corp | +59,189 | 126,200 | $46,715,454 | |
| APP | AppLovin Corp | +26,805 | 38,511 | $15,327,378 | |
| SKYW | Skywest Inc | +8,184 | 326,332 | $29,967,067 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
8 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| PCG | PG&E Corp | −2,546,981 | 2,784,437 | $48,922,558 | |
| NVDA | Nvidia Corp | −497,934 | 20,977 | $3,658,388 | |
| AMZN | Amazon Com Inc | −94,153 | 66,077 | $13,761,856 | |
| VST | Vistra Corp. | −89,586 | 63,778 | $9,587,746 | |
| FTAI | FTAI Aviation Ltd. | −63,071 | 205,370 | $50,315,650 | |
| BWXT | BWX Technologies, Inc. | −43,486 | 39,343 | $8,045,250 | |
| TLN | Talen Energy Corp | −31,592 | 64,043 | $20,444,446 | |
| DHR | Danaher Corp /De/ | −28,790 | 34,653 | $6,570,208 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
11 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| SPY | Spdr S&P 500 ETF Trust | 726,700 | $472,602,078 | |
| F | Ford Motor Co | 5,003,900 | $57,745,006 | |
| AIV | Apartment Investment & Management Co | 3,023,200 | $12,304,424 | |
| ISRG | Intuitive Surgical Inc | 17,069 | $7,868,638 | |
| SPOT | Spotify Technology S.A. | 12,678 | $6,147,688 | |
| INTU | Intuit Inc. | 13,702 | $5,924,470 | |
| ALK | Alaska Air Group, Inc. | 157,156 | $5,780,197 | |
| DUOL | Duolingo, Inc. | 39,000 | $3,844,230 | |
| GE | General Electric Co | 11,342 | $3,218,519 | |
| HWM | Howmet Aerospace Inc. | 6,790 | $1,564,823 | |
| BTMCQ | Bitcoin Depot Inc. | 502,014 | $1,094,390 | |
| No positions match the current search. | ||||
Sold Out
Positions the filer fully exited
19 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| QQQ | Invesco Qqq Trust, Series 1 | 2,557,200 | $1,570,913,532 | |
| PLTR | Palantir Technologies Inc. | 205,500 | $36,527,625 | |
| ORCL | Oracle Corp | 183,787 | $35,821,924 | |
| UAL | United Airlines Holdings, Inc. | 284,195 | $31,778,684 | |
| SLV | iShares Silver Trust | 467,500 | $30,116,350 | |
| HUM | Humana Inc | 110,723 | $28,359,481 | |
| DKNG | DraftKings Inc. | 799,953 | $27,566,380 | |
| FLUT | Flutter Entertainment plc | 123,697 | $26,599,802 | |
| DASH | DoorDash, Inc. | 117,394 | $26,587,393 | |
| TSLA | Tesla, Inc. | 46,000 | $20,687,120 | |
| AVGO | Broadcom Inc. | 54,533 | $18,873,871 | |
| GEV | GE Vernova Inc. | 28,174 | $18,413,681 | |
| AAL | American Airlines Group Inc. | 1,130,000 | $17,322,900 | |
| CW | Curtiss Wright Corp | 27,411 | $15,110,861 | |
| SE | Sea Ltd | 111,350 | $14,204,919 | |
| UBER | Uber Technologies, Inc | 144,965 | $11,845,090 | |
| CRWV | CoreWeave, Inc. | 150,000 | $10,741,500 | |
| LYFT | Lyft, Inc. | 551,524 | $10,683,019 | |
| HUT | Hut 8 Corp. | 77,731 | $3,570,962 | |
| No positions match the current search. | ||||
25 tracked positions ·
$1,121,180,895 total
· filing declares
30 positions · $1,382,888,331
· as of Mar 31, 2026
All sectors
Communication Services
Consumer Cyclical
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| SPY |
Spdr S&P 500 ETF Trust
PUT
|
NEW | 726,700 | $472,602,078 | 42.15% | |
| ATEX |
Anterix Inc.
Communication Services
|
Held | 5,411,776 | $206,675,725 | 18.43% | |
| RJET |
Republic Airways Holdings Inc.
Industrials
|
Reduced | 4,231,246 | $75,654,678 | 6.75% | |
| F |
Ford Motor Co
PUT
Consumer Cyclical
|
NEW | 5,003,900 | $57,745,006 | 5.15% | |
| FTAI |
FTAI Aviation Ltd.
Industrials
|
Reduced | 205,370 | $50,315,650 | 4.49% | |
| PCG |
PG&E Corp
Utilities
|
Reduced | 2,784,437 | $48,922,558 | 4.36% | |
| MSFT |
Microsoft Corp
CALL
Technology
|
Added | 126,200 | $46,715,454 | 4.17% | |
| SKYW |
Skywest Inc
Industrials
|
Added | 326,332 | $29,967,067 | 2.67% | |
| TLN |
Talen Energy Corp
Utilities
|
Reduced | 64,043 | $20,444,446 | 1.82% | |
| APP |
AppLovin Corp
CALL
+ SHARES
Communication Services
|
Added | 38,511 | $15,327,378 | 1.37% | |
| AMZN |
Amazon Com Inc
CALL
+ SHARES
Consumer Cyclical
|
Reduced | 66,077 | $13,761,856 | 1.23% | |
| AIV |
Apartment Investment & Management Co
Real Estate
|
NEW | 3,023,200 | $12,304,424 | 1.10% | |
| VST |
Vistra Corp.
Utilities
|
Reduced | 63,778 | $9,587,746 | 0.86% | |
| BWXT |
BWX Technologies, Inc.
Industrials
|
Reduced | 39,343 | $8,045,250 | 0.72% | |
| ISRG |
Intuitive Surgical Inc
Healthcare
|
NEW | 17,069 | $7,868,638 | 0.70% | |
| CYH |
Community Health Systems Inc
Healthcare
|
Added | 2,530,622 | $7,440,028 | 0.66% | |
| DHR |
Danaher Corp /De/
Healthcare
|
Reduced | 34,653 | $6,570,208 | 0.59% | |
| SPOT |
Spotify Technology S.A.
Communication Services
|
NEW | 12,678 | $6,147,688 | 0.55% | |
| INTU |
Intuit Inc.
Technology
|
NEW | 13,702 | $5,924,470 | 0.53% | |
| ALK |
Alaska Air Group, Inc.
Industrials
|
NEW | 157,156 | $5,780,197 | 0.52% | |
| DUOL |
Duolingo, Inc.
CALL
Technology
|
NEW | 39,000 | $3,844,230 | 0.34% | |
| NVDA |
Nvidia Corp
Technology
|
Reduced | 20,977 | $3,658,388 | 0.33% | |
| GE |
General Electric Co
Industrials
|
NEW | 11,342 | $3,218,519 | 0.29% | |
| HWM |
Howmet Aerospace Inc.
Industrials
|
NEW | 6,790 | $1,564,823 | 0.14% | |
| BTMCQ |
Bitcoin Depot Inc.
Financial Services
|
NEW | 502,014 | $1,094,390 | 0.10% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.