Ulysses Management LLC
Ulysses Management LLC is a New York-based investment firm founded in 1997, focused on providing investment management services to private investment funds and separately managed accounts. The firm is registered as an investment adviser with the SEC and manages assets for institutional and high-net-worth individual clients. With approximately 24 employees, Ulysses specializes in long/short equity and event-driven strategies, leveraging deep research and risk management expertise to deliver performance for its clients.
Investment Strategy
Ulysses Management LLC primarily manages private investment funds and separately managed accounts, utilizing a long/short equity and event-driven investment strategy. The firm employs deep fundamental research to identify securities with asymmetric risk-reward and focuses on value, special situations, and mispricings across global markets. Portfolio construction is driven by rigorous risk management and a commitment to generating absolute returns regardless of overall market direction.
Latest 13F Filing Activity
Ulysses Management LLC filed their most recent 13F report on Jun 30, 2025 disclosing 41 equity positions and 13 options positions with a total 13F market value of $993M. The fund increased holdings in Microsoft Corp., Amrize, Henry Schein among other positions. Ulysses Management LLC reduced exposure to Iac Interactivecorp, Cogent Communications, First Citizens BCSHS -cl A among others.
Top Holdings
Equity Positions (41)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
M MSFT | MICROSOFT CORP | 7.20% | $71.5M | 143,774 | $34.44 | $497.41 | +$17.5M |
A AMZN | AMAZON.COM | 5.69% | $56.5M | 257,500 | $130.72 | $219.39 | +$7.5M |
U UBER | UBER | 5.16% | $51.2M | 548,900 | $39.98 | $93.30 | +$9.4M |
H HSIC | HENRY SCHEIN | 3.33% | $33.1M | 452,858 | $69.81 | $73.05 | +$11.1M |
B BALL | BALL CORP | 3.25% | $32.3M | 575,000 | $50.48 | $56.09 | +$2.3M |
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 | Bought | Put | $308.9M | 5,000 | $617.85 | $590.55 | +3,300 | +$213.8M |
Q QQQ | INVESCO QQQ TRUST | Sold | Put | $74.5M | 1,350 | $551.64 | $469.92 | -625 | -$18.1M |
B BALL | BALL CORP | — | Call | $34.4M | 6,137 | $56.09 | $52.07 | 0 | +$2.5M |
H HSIC | HENRY SCHEIN | New | Call | $29.2M | 4,000 | $73.05 | $73.05 | +4,000 | +$29.2M |
N NVDA | NVIDIA CORP | Bought | Call | $26.9M | 1,700 | $157.99 | $157.99 | +1,700 | +$26.9M |