683 Capital Management, LLC
683 Capital Management, LLC is a New York-based hedge fund firm founded in 2006. The firm manages capital for institutional investors and high net worth individuals, employing a team of approximately 10 employees. It is registered as an investment adviser with the SEC and is focused on delivering strong risk-adjusted returns through opportunistic investing.
Investment Strategy
683 Capital Management, LLC pursues an opportunistic, value-oriented investment strategy, utilizing both long and short positions across a variety of asset classes, including equities and derivatives such as puts and calls. The firm often employs event-driven and opportunistic investment themes, seeking to capitalize on market dislocations and inefficiencies to provide risk-adjusted outperformance for its investors.
Top Holdings
Equity Positions (103)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
C COF | CAPITAL ONE FINL CORP | 4.49% | $68.4M | 321,500 | $102.72 | $212.76 | +$13.2M |
C CVNA | CARVANA CO | 3.43% | $52.2M | 155,000 | $51.52 | $336.96 | +$16.3M |
G GXO | GXO LOGISTICS INCORPORATED | 3.01% | $45.8M | 940,000 | $44.66 | $48.70 | +$8.7M |
A AMTM | AMENTUM HOLDINGS INC | 2.53% | $38.5M | 1,630,000 | $20.99 | $23.61 | +$20.0M |
H HGV | HILTON GRAND VACATIONS INC | 2.11% | $32.2M | 775,000 | $39.55 | $41.53 | +$3.5M |
Options Positions (10)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
P PLTR | PALANTIR TECHNOLOGIES INC | Bought | Put | $93.4M | 6,852 | $136.32 | $96.90 | +1,650 | +$49.5M |
T TSLA | TESLA INC | Sold | Put | $91.5M | 2,880 | $317.66 | $316.49 | -400 | +$6.5M |
L LLY | ELI LILLY & CO | Sold | Put | $81.9M | 1,050 | $779.53 | $793.70 | -100 | -$13.1M |
M MSTR | MICROSTRATEGY INC | Sold | Put | $58.5M | 1,448 | $404.23 | $289.44 | -373 | +$6.0M |
A ALNY | ALNYLAM PHARMACEUTICALS INC | Bought | Put | $46.1M | 1,413 | $326.09 | $286.67 | +901 | +$32.3M |