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UBS Oconnor LLC

CIK:0001132716
Hedge Fund
$11B AUM
354 holdings
Chicago, IL, United States
Founded:1992
100 employees
Latest filing:Jun 30, 2025

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.

Latest 13F Filing Activity

UBS Oconnor LLC filed their most recent 13F report on Jun 30, 2025 disclosing 252 equity positions and 78 options positions with a total 13F market value of $2B. The fund increased holdings in Blueprint, Springwork, Nvidia Cor among other positions. UBS Oconnor LLC reduced exposure to Discover F, Intra-cell, Hess Corp. among others.

Top Buys
B
BPMCBLUEPRINT
+$218.3M
S
SWTXSPRINGWORK
+$63.4M
N
NVDANVIDIA COR
+$21.7M
C
CNPCENTERPOIN
+$19.3M
E
ESGRENSTAR GRO
+$17.3M
Top Sells
D
DFSDISCOVER F
-$407.8M
I
ITCIINTRA-CELL
-$407.8M
H
HESHESS CORP
-$318.8M
B
BECNBEACON ROO
-$194.8M
B
BERYBERRY GLOB
-$136.5M

Top Holdings

B
BPMCBLUEPRINT
+11.3%$219.6M
C
CHXCHAMPIONX
+9.6%$187.5M
A
ANSSANSYS INC
+8.9%$173.1M
H
HESHESS CORP
+7.5%$146.2M
J
JNPRJUNIPER NE
+6.1%$119.8M

Equity Positions (252)

TickerSecurityWeightMarket ValueSharesAvg CostPriceChange (QoQ)
BLUEPRINT11.25%$219.6M1,713,587$127.73$128.18+$218.3M
CHAMPIONX9.60%$187.5M7,546,703$30.51$24.84-$45.5M
ANSYS INC8.87%$173.1M492,829$334.35$351.22+$14.7M
HESS CORP7.49%$146.2M1,055,429$146.62$138.54-$318.8M
JUNIPER NE6.14%$119.8M3,000,000$37.28$39.93-$106.4M

Options Positions (10)

TickerSecurityActionTypeNotional ValueContractsUnderlying PricePremium PaidChange (Contracts)Change (Value)
AMERICAN ABought
Put
$4.4M108,100$11.22$14.25+13,850-$1.7M
LUCID GROUBought
Put
$2.6M29,651$21.10$34.13+1,250-$501.2K
MAGNITE INBought
Call
$1.9M4,320$24.12$21.58+3,250+$1.9M
CROCS INCNew
Call
$1.2M1,250$101.28$101.28+1,250+$1.2M
HERTZ GLOB
Put
$1.2M11,943$6.83$4.300-$967.2K

Industry Allocation

PHARMACEUTICAL PREPARATIONS
+12.7%
ELECTRIC SERVICES
+8.0%
FINANCE SERVICES
+5.5%
SEMICONDUCTORS & RELATED DEVICES
+4.3%
AIRCRAFT PARTS & AUXILIARY EQUIPMENT, NEC
+3.0%