Castle Hook Partners LP
Castle Hook Partners LP is a hedge fund investment management firm headquartered in New York, NY. Founded in 2016, the firm manages alternative investment strategies and serves institutional and individual clients. The team consists of approximately 32 employees and is led by co-founders David Rogers and Joshua Donfeld. Castle Hook aims to deliver superior risk-adjusted returns utilizing a research-driven and risk-focused approach that combines macroeconomic trends with bottom-up security analysis.
Investment Strategy
Castle Hook Partners LP deploys a global opportunistic long/short strategy that merges macroeconomic analysis with in-depth, bottoms-up security selection. The firm seeks to construct a concentrated portfolio of securities, commodities, and macro instruments, optimizing risk/reward by identifying investments that benefit from macro trends, possess strong individual merits, and exhibit desirable technical characteristics. Castle Hook supplements this strategy with more opportunistic trading, including participation in new equity issues and block trades, aiming for consistent, competitive performance across asset classes and geographies.
Top Holdings
Equity Positions (62)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
V VST | VISTRA CORP | 3.68% | $648.1M | 3,344,137 | $163.47 | $193.81 | +$537.6M |
C C | CITIGROUP INC | 2.61% | $459.7M | 5,400,953 | $77.05 | $85.12 | +$246.2M |
E EQT | EQT CORP | 2.47% | $434.5M | 7,450,648 | $48.74 | $58.32 | +$111.7M |
C CVNA | CARVANA CO | 2.29% | $403.8M | 1,198,254 | $227.75 | $336.96 | +$195.1M |
W WMB | WILLIAMS COS INC | 1.86% | $327.7M | 5,216,689 | $50.23 | $62.81 | +$85.4M |
Options Positions (8)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
S SPY | SPDR S&P 500 ETF TR | Bought | Put | $3.89B | 63,038 | $617.85 | $617.85 | +63,038 | +$3.89B |
G GLD | SPDR GOLD TR | Bought | Call | $3.13B | 102,564 | $304.83 | $304.83 | +102,564 | +$3.13B |
L LLY | ELI LILLY & CO | New | Call | $1.60B | 20,512 | $779.53 | $779.53 | +20,512 | +$1.60B |
M MSFT | MICROSOFT CORP | New | Call | $765.3M | 15,385 | $497.41 | $497.41 | +15,385 | +$765.3M |
G GOOG | ALPHABET INC | New | Call | $727.8M | 41,026 | $177.39 | $177.39 | +41,026 | +$727.8M |