UBS Oconnor LLC
UBS O'Connor LLC is a leading alternatives investment platform founded in the early 1990s and headquartered in Chicago, IL. Historically operating as the multi-strategy hedge fund division of UBS Asset Management, O'Connor specializes in hedge funds, private credit, and commodities strategies. The firm manages investments for institutional and ultra-high-net-worth clients, leveraging deep institutional trading experience and a global footprint with offices across Chicago, London, New York, Hong Kong, Singapore, and Tokyo. Its investment and support teams are transitioning to Cantor Fitzgerald Asset Management, with approximately $11 billion in AUM as of 2025. O'Connor offers sophisticated absolute return strategies with a focus on risk-adjusted outcomes, supported by a veteran investment staff. The firm serves global institutional and private investors.
Investment Strategy
UBS O'Connor pursues a multi-strategy, absolute return approach, specializing in hedge fund, private credit, and commodities strategies for institutional and ultra-high-net-worth investors. Its philosophy emphasizes relative value investing, risk management, and the delivery of attractive risk-adjusted returns through both fundamental and quantitative trading strategies across equities, credit, merger arbitrage, and convertible securities. The firm maintains an unconstrained, flexible operating platform, seeking to leverage market inefficiencies and diversify sources of alpha across asset classes and global markets.
Top Holdings
Equity Positions (252)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
B BPMC | BLUEPRINT | 11.25% | $219.6M | 1,713,587 | $127.73 | $128.18 | +$218.3M |
C CHX | CHAMPIONX | 9.60% | $187.5M | 7,546,703 | $30.51 | $24.84 | -$45.5M |
A ANSS | ANSYS INC | 8.87% | $173.1M | 492,829 | $334.35 | $351.22 | +$14.7M |
H HES | HESS CORP | 7.49% | $146.2M | 1,055,429 | $146.62 | $138.54 | -$318.8M |
J JNPR | JUNIPER NE | 6.14% | $119.8M | 3,000,000 | $37.28 | $39.93 | -$106.4M |
Options Positions (10)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
A AAL | AMERICAN A | Bought | Put | $4.4M | 108,100 | $11.22 | $14.25 | +13,850 | -$1.7M |
L LCID | LUCID GROU | Bought | Put | $2.6M | 29,651 | $21.10 | $34.13 | +1,250 | -$501.2K |
M MGNI | MAGNITE IN | Bought | Call | $1.9M | 4,320 | $24.12 | $21.58 | +3,250 | +$1.9M |
C CROX | CROCS INC | New | Call | $1.2M | 1,250 | $101.28 | $101.28 | +1,250 | +$1.2M |
H HTZ | HERTZ GLOB | — | Put | $1.2M | 11,943 | $6.83 | $4.30 | 0 | -$967.2K |