Owl Creek Asset Management, L.P.
New York, NY
$1.1bn in 31 US stocks at the end of 30 June 2026. The top 10 are 80.6% of the money. It changed about 31.7% of the portfolio this quarter.
Value
$1.1bn
Stocks
31
Top 10 share
80.6%
Turnover
31.7%
What changed this quarter
New
Bought for the first time this quarter.
- Ares ManagementARES2.2% of the fund
- DoorDashDASH2.1% of the fund
- Royal Caribbean CruisesRCL2.0% of the fund
- Uber TechnologiesUBER1.7% of the fund
- United Airlines HoldingsUAL1.7% of the fund
- CarnivalCCL1.4% of the fund
- Rocket CompaniesRKT1.4% of the fund
- FlexFLEX1.3% of the fund
- UWM HoldingsUWMC1.0% of the fund
- Melco Resorts and EntmntMLCO0.8% of the fund
- SeaSE0.8% of the fund
- MicrosoftMSFT0.6% of the fund
- Meta PlatformsMETA0.6% of the fund
- NextnavNN0.5% of the fund
- Zillow GroupZ0.4% of the fund
- GE VernovaGEV0.3% of the fund
- BorgwarnerBWA0.2% of the fund
Added
Bought more of a stock they already held.
- Pg&ePCG7.0% of the fund+70%
- AppLovinAPP2.5% of the fund+538%
- Alaska Air GroupALK2.2% of the fund+207%
- VistraVST2.1% of the fund+135%
- Apartment Investment & ManagementAIV1.6% of the fund+96%
Cut
Sold some of their stake.
- FTAI AviationFTAI3.1% of the fund-38%
- Talen EnergyTLN1.9% of the fund-14%
- SkywestSKYW1.6% of the fund-44%
- BWX TechnologiesBWXT0.7% of the fund-2%
- DanaherDHR0.1% of the fund-79%
- Spotify TechnologySPOT<0.1% of the fund-81%
Sold out
Sold their entire stake.
- Intuitive SurgicalISRG-100%
- IntuitINTU-100%
- NvidiaNVDA-100%
- General ElectricGE-100%
- Amazon.comAMZN-100%
- Howmet AerospaceHWM-100%
- Bitcoin Depot-100%
Holdings
- Melco Resorts and EntmntMLCO
- Share
- 0.8%
- Value
- $9m
- Shares
- 1,722,262
New
- SeaSE
- Share
- 0.8%
- Value
- $9m
- Shares
- 93,152
New
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| AnterixATEX | 49.4% | $557m | 5,411,776 | Held |
| Republic Airways HoldingsRJET | 8.0% | $90m | 4,278,689 | Held |
| Pg&ePCG | 7.0% | $79m | 4,726,388 | +70% |
| FTAI AviationFTAI | 3.1% | $34m | 127,453 | -38% |
| AppLovinAPP | 2.5% | $28m | 54,304 | +538% |
| Alaska Air GroupALK | 2.2% | $25m | 482,112 | +207% |
| Ares ManagementARES | 2.2% | $25m | 220,118 | New |
| DoorDashDASH | 2.1% | $24m | 130,176 | New |
| VistraVST | 2.1% | $24m | 149,799 | +135% |
| Royal Caribbean CruisesRCL | 2.0% | $22m | 69,856 | New |
| Talen EnergyTLN | 1.9% | $21m | 55,150 | -14% |
| Uber TechnologiesUBER | 1.7% | $20m | 272,488 | New |
| United Airlines HoldingsUAL | 1.7% | $19m | 137,695 | New |
| SkywestSKYW | 1.6% | $18m | 183,793 | -44% |
| Apartment Investment & ManagementAIV | 1.6% | $18m | 5,927,644 | +96% |
| CarnivalCCL | 1.4% | $16m | 569,159 | New |
| Rocket CompaniesRKT | 1.4% | $16m | 1,024,109 | New |
| FlexFLEX | 1.3% | $15m | 90,918 | New |
| UWM HoldingsUWMC | 1.0% | $11m | 4,911,463 | New |
| Melco Resorts and EntmntMLCO | 0.8% | $9m | 1,722,262 | New |
| SeaSE | 0.8% | $9m | 93,152 | New |
| Community Health SystemsCYH | 0.7% | $8m | 2,530,622 | Held |
| BWX TechnologiesBWXT | 0.7% | $7m | 38,391 | -2% |
| MicrosoftMSFT | 0.6% | $7m | 18,647 | New |
| Meta PlatformsMETA | 0.6% | $7m | 12,248 | New |
| NextnavNN | 0.5% | $6m | 341,803 | New |
| Zillow GroupZ | 0.4% | $4m | 126,293 | New |
| GE VernovaGEV | 0.3% | $3m | 2,565 | New |
| BorgwarnerBWA | 0.2% | $2m | 33,648 | New |
| DanaherDHR | 0.1% | $1m | 7,138 | -79% |
| Spotify TechnologySPOT | <0.1% | $1m | 2,354 | -81% |
Options (3)
- MicrosoftMSFT
- Type
- Call
- Value
- $47m
- Contracts
- 126,200
- Kraneshares TrustKWEB
- Type
- Call
- Value
- $24m
- Contracts
- 971,100
- IsharesEWY
- Type
- Put
- Value
- $10m
- Contracts
- 50,600
| Company | Type | Value | Contracts |
|---|---|---|---|
| MicrosoftMSFT | Call | $47m | 126,200 |
| Kraneshares TrustKWEB | Call | $24m | 971,100 |
| IsharesEWY | Put | $10m | 50,600 |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 48.7% since 30 June 2025.
Where the money is
Media & telecom52.6%
Industrials16.7%
Utilities11.0%
Retail & consumer5.7%
Technology5.3%
Financial services4.6%
Real estate1.6%
Health care0.9%
Other1.6%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.