Owl Creek Asset Management, L.P.
Owl Creek Asset Management, L.P. is a hedge fund headquartered in New York, NY, United States, founded by Jeffrey Altman. The firm manages and advises both U.S. and offshore funds, as well as sub-advising other investment vehicles. With around 28 employees as of 2025, Owl Creek provides discretionary portfolio management and investment advisory services and is known for its deep value, event-driven, and credit-oriented investment strategies. The firm serves institutional, high-net-worth, and other sophisticated investors.
Investment Strategy
Owl Creek Asset employs bottom-up, fundamental analysis to identify deep value investments, focusing on 'beaten down' securities or those that have missed earnings. The firm invests across publicly traded and private equities, distressed and event-driven credit, and uses instruments such as common and preferred stocks, convertible securities, ADRs, public and private debt, bank loans, trade claims, options, swaps, futures, and other derivatives. Credit strategies include distressed debt, event-driven opportunities, long/short credit, high-yield bonds, asset-backed securities, real estate-related securities, and credit default swaps. The investment philosophy emphasizes uncovering value and opportunistically trading in credit and equity markets.
Top Holdings
Equity Positions (26)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
A ATEX | ANTERIX INC | 6.14% | $138.8M | 5,411,776 | $37.60 | $25.65 | -$59.3M |
I IWM | ISHARES TR | 2.39% | $54.1M | 250,653 | $215.79 | $215.79 | +$54.1M |
H HUM | HUMANA INC | 2.10% | $47.4M | 193,978 | $257.38 | $244.48 | +$14.5M |
A AMZN | AMAZON COM INC | 2.07% | $46.8M | 213,311 | $186.57 | $219.39 | +$24.8M |
V VST | VISTRA CORP | 2.03% | $45.9M | 237,077 | $193.81 | $193.81 | +$45.9M |
Options Positions (10)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
S SPY | SPDR S&P 500 ETF TR | Sold | Put | $469.6M | 7,600 | $617.85 | $579.08 | -41,305 | -$2.27B |
E EWY | ISHARES INC | New | Call | $150.7M | 21,000 | $71.78 | $71.78 | +21,000 | +$150.7M |
A AAPL | APPLE INC | Sold | Put | $81.6M | 3,977 | $205.17 | $228.41 | -3,723 | -$89.4M |
A ASHR | DBX ETF TR | New | Call | $79.9M | 29,000 | $27.54 | $27.54 | +29,000 | +$79.9M |
U UNH | UNITEDHEALTH GROUP INC | Bought | Call | $77.9M | 2,498 | $311.97 | $401.84 | +1,438 | +$22.4M |