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Owl Creek Asset Management, L.P.
Jeffrey Altman · Hedge Fund · Event-Driven
Owl Creek Asset Management, L.P. is a New York-based investment firm founded in 2002 by Jeffrey Altman. The firm specializes in an opportunistic, event-driven value approach, investing across the capital structures of companies undergoing change or facing complex situations. With a focus on rigorous fundamental research, Owl Creek manages hedge funds that employ strategies including long/short equity, distressed debt, and credit-oriented investments. The firm is known for its contrarian tilt and its ability to identify deep value in 'beaten down' securities and off-the-run market opportunities globally. Its investment process is built on bottom-up analysis of business fundamentals to uncover undervalued assets with specific catalysts for growth.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +52.1% |
| YTD return | +52.0% |
| Sharpe ratio | 4.44 |
| Win rate | 50% |
| AUM | $0.9B |
| Inception | Oct 1, 2025 |
| Updated | Aug 20, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $0.9B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.owlcreeklp.com |
Current Holdings
Updated on Aug 20, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| ATEX | Anterix Inc | 30.6% | +194.1% |
| PCG | PG&E Corp | 9.3% | +14.3% |
| RJET | Republic Airways Holdings Inc | 9.2% | +1.1% |
| FTAI | Fortress Transp & Infra Inv | 8.0% | -2.8% |
| AMZN | Amazon.com Inc | 4.7% | +15.1% |
| TLN | Talen Energy Corporation | 4.0% | -21.1% |
| GEV | GE Vernova LLC | 3.2% | +43.3% |
| UAL | United Airlines Holdings Inc | 3.1% | +15.8% |
| SKYW | SkyWest Inc | 3.0% | +2.8% |
| MSFT | Microsoft Corporation | 3.0% | +20.2% |
| HUM | Humana Inc | 2.9% | +99.2% |
| NVDA | NVIDIA Corporation | 2.7% | +13.5% |
| VST | Vistra Energy Corp | 2.6% | -17.3% |
| AVGO | Broadcom Inc | 2.4% | +4.9% |
| CW | Curtiss-Wright Corporation | 2.1% | +16.6% |
| DKNG | DraftKings Inc | 2.1% | -27.2% |
| DASH | DoorDash, Inc. Class A Common Stock | 2.1% | +26.9% |
| BWXT | BWX Technologies Inc | 1.9% | -19.4% |
| ORCL | Oracle Corporation | 1.5% | -19.7% |
| FLUT | Flutter Entertainment plc | 1.3% | -16.7% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| May 11, 2026 | SELL | ORCL | 1.5% → 1.5% |
| May 11, 2026 | SELL | SKYW | 3.7% → 3.0% |
| May 11, 2026 | SELL | UAL | 3.4% → 3.1% |
| May 11, 2026 | SELL | NVDA | 2.8% → 2.7% |
| May 11, 2026 | SELL | PCG | 10.5% → 9.3% |
Investment Style Analysis
Owl Creek Asset Management, L.P. is widely recognized for employing a Event-Driven strategy. As of Aug 20, 2026, the firm oversees approximately $0.9B in assets under management (AUM). The portfolio demonstrates a clear preference for the Telecom Services and Airlines sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending May 11, Owl Creek Asset Management, L.P. made a significant move by reducing the position in ORCL. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Owl Creek employs a bottom-up, fundamental investment philosophy focused on identifying deep value and event-driven opportunities. The firm targets complex, off-the-run situations across a company's capital structure, including equities, distressed debt, and high-yield bonds. By conducting rigorous financial analysis and maintaining a contrarian perspective, Owl Creek seeks to capitalize on market inefficiencies and 'beaten down' securities where a catalyst exists to close the value gap. The strategy emphasizes absolute value and looks for drivers that will realize the underlying potential of an investment.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Owl Creek Asset Management, L.P..
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Frequently asked questions
How is the simulated portfolio for Owl Creek Asset Management, L.P. constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Owl Creek Asset Management, L.P.'s largest holding?
As of the latest filing, Owl Creek Asset Management, L.P.'s top position is Anterix Inc (ATEX), representing 30.6% of the portfolio. This reflects a high-conviction bet by the institution.
What is Owl Creek Asset Management, L.P.'s historical performance and risk profile?
Our simulation indicates a total return of +52.1% with a win rate of 50%. Notably, the portfolio maintains a Sharpe Ratio of 4.44, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does Owl Creek Asset Management, L.P. primarily invest in?
Owl Creek Asset Management, L.P. has a strong preference for the Telecom Services sector, which makes up 30.6% of their disclosed assets. The portfolio also has exposure to Airlines, indicating a specific thematic focus.
Is Owl Creek Asset Management, L.P.'s portfolio concentrated or diversified?
Owl Creek Asset Management, L.P. runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 49.1% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has Owl Creek Asset Management, L.P. performed in 2026?
Our AI-simulated model portfolio for Owl Creek Asset Management, L.P. tracks a Year-to-Date (YTD) return of +52.0%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does Jeffrey Altman manage Owl Creek Asset Management, L.P. directly?
Yes, Jeffrey Altman serves as the key portfolio manager for Owl Creek Asset Management, L.P., overseeing the investment strategy and final capital allocation decisions.