Owl Creek Asset Management, L.P. 13F: Quarter-over-Quarter Portfolio Changes
Owl Creek Asset Management, L.P. reported a disclosed portfolio value of approximately $1.1 billion in its latest SEC Form 13F-HR filing for Q2 2026, up 117.9% quarter on quarter. Over the quarter, the fund initiated 17 new positions, bought more shares in 6 holdings, trimmed 6 holdings, and exited 7 positions.
Owl Creek Asset Management, L.P.'s top buy was a new stake in Ares Management Corporation (ARES) , equal to 2.2% of the disclosed portfolio. Its top sell was Intuitive Surgical INC (ISRG) . The fund exited the position completely after it had accounted for 1.5% of the previous portfolio.
New PositionsQ2 2026
Securities disclosed for the first time in Q2 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| ARES MANAGEMENT CORPORATION | ARES | 2.2% | History → |
| DOORDASH INC | DASH | 2.1% | History → |
| ROYAL CARIBBEAN GROUP | RCL | 2.0% | History → |
| UBER TECHNOLOGIES INC | UBER | 1.7% | Holders → |
| UNITED AIRLS HLDGS INC | UAL | 1.7% | Holders → |
| CARNIVAL CORP LTD | CCL | 1.4% | Holders → |
| ROCKET COS INC | RKT | 1.4% | Holders → |
| FLEX LTD | FLEX | 1.3% | Holders → |
| UWM HOLDINGS CORPORATION | UWMC | 1.0% | Holders → |
| MELCO RESORTS AND ENTMNT LTD | MLCO | 0.8% | Holders → |
| SEA LTD | SE | 0.8% | Holders → |
| MICROSOFT CORP | MSFT | 0.6% | Holders → |
| META PLATFORMS INC | META | 0.6% | Holders → |
| NEXTNAV INC | NN | 0.5% | Holders → |
| ZILLOW GROUP INC | Z | 0.4% | Holders → |
| GE VERNOVA INC | GEV | 0.3% | Holders → |
| BORGWARNER INC | BWA | 0.2% | Holders → |
Top BuysQ2 2026
The fund's top buys among existing positions in Q2 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| APPLOVIN CORP | APP | +1.8% | +538.0% | History → |
| ALASKA AIR GROUP INC | ALK | +1.1% | +206.8% | History → |
| VISTRA CORP | VST | +0.3% | +134.9% | History → |
| APARTMENT INVT & MGMT CO | AIV | +-0.8% | +96.1% | Holders → |
| PG&E CORP | PCG | +-2.4% | +69.7% | History → |
| REPUBLIC AWYS HLDGS INC | RJET | +-6.6% | +1.1% | History → |
Top SellsQ2 2026
The fund's top sells among positions it retained in Q2 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| SPOTIFY TECHNOLOGY S A | SPOT | -1.1% | 81.4% | Holders → |
| DANAHER CORP DEL | DHR | -1.1% | 79.4% | Holders → |
| SKYWEST INC | SKYW | -4.2% | 43.7% | Holders → |
| FTAI AVIATION LTD | FTAI | -6.7% | 37.9% | History → |
| TALEN ENERGY CORP | TLN | -2.1% | 13.9% | Holders → |
| BWX TECHNOLOGIES INC | BWXT | -0.9% | 2.4% | Holders → |
Full ExitsQ2 2026
Positions present in the prior 13F-HR filing that no longer appear in Q2 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| INTUITIVE SURGICAL INC | ISRG | 1.5% |
| INTUIT | INTU | 1.1% |
| NVIDIA CORPORATION | NVDA | 0.7% |
| GE AEROSPACE | GE | 0.6% |
| AMAZON.COM INC | AMZN | 0.6% |
| HOWMET AEROSPACE | HWM | 0.3% |
| BITCOIN DEPOT INC | BTMCQ | 0.2% |
Net Portfolio Value ChangeQ2 2026
- $0.5BPrior quarter
- $1.1BCurrent quarter
- +$0.6BNet delta
- +117.9%% change
Methodology & FAQ
How Owl Creek Asset Management, L.P. Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Owl Creek Asset Management, L.P.: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description, including how confidential treatment filings are handled, is documented in the Methodology.
What stocks did Owl Creek Asset Management, L.P. buy in Q2 2026?
In Q2 2026, Owl Creek Asset Management, L.P. initiated 17 new positions (ARES MANAGEMENT CORPORATION (ARES), DOORDASH INC (DASH), ROYAL CARIBBEAN GROUP (RCL), UBER TECHNOLOGIES INC (UBER), UNITED AIRLS HLDGS INC (UAL), CARNIVAL CORP LTD (CCL), ROCKET COS INC (RKT), FLEX LTD (FLEX), UWM HOLDINGS CORPORATION (UWMC), MELCO RESORTS AND ENTMNT LTD (MLCO), SEA LTD (SE), MICROSOFT CORP (MSFT), META PLATFORMS INC (META), NEXTNAV INC (NN), ZILLOW GROUP INC (Z), GE VERNOVA INC (GEV), BORGWARNER INC (BWA)); bought more shares of APPLOVIN CORP (APP), ALASKA AIR GROUP INC (ALK), VISTRA CORP (VST), APARTMENT INVT & MGMT CO (AIV), PG&E CORP (PCG) (the largest 5 of 6 adds).
What stocks did Owl Creek Asset Management, L.P. sell in Q2 2026?
In Q2 2026, Owl Creek Asset Management, L.P. fully sold 7 positions (INTUITIVE SURGICAL INC (ISRG), INTUIT (INTU), NVIDIA CORPORATION (NVDA), GE AEROSPACE (GE), AMAZON.COM INC (AMZN), HOWMET AEROSPACE (HWM), BITCOIN DEPOT INC (BTMCQ)); reduced holdings in SPOTIFY TECHNOLOGY S A (SPOT), DANAHER CORP DEL (DHR), SKYWEST INC (SKYW), FTAI AVIATION LTD (FTAI), TALEN ENERGY CORP (TLN) (the largest 5 of 6 reductions).
Which positions did Owl Creek Asset Management, L.P. initiate in Q2 2026?
Owl Creek Asset Management, L.P. established 17 new positions in Q2 2026: ARES MANAGEMENT CORPORATION (ARES, 2.2%), DOORDASH INC (DASH, 2.1%), ROYAL CARIBBEAN GROUP (RCL, 2.0%), UBER TECHNOLOGIES INC (UBER, 1.7%), UNITED AIRLS HLDGS INC (UAL, 1.7%), CARNIVAL CORP LTD (CCL, 1.4%), ROCKET COS INC (RKT, 1.4%), FLEX LTD (FLEX, 1.3%), UWM HOLDINGS CORPORATION (UWMC, 1.0%), MELCO RESORTS AND ENTMNT LTD (MLCO, 0.8%), SEA LTD (SE, 0.8%), MICROSOFT CORP (MSFT, 0.6%), META PLATFORMS INC (META, 0.6%), NEXTNAV INC (NN, 0.5%), ZILLOW GROUP INC (Z, 0.4%), GE VERNOVA INC (GEV, 0.3%), BORGWARNER INC (BWA, 0.2%).
Which existing positions saw the largest allocation increases for Owl Creek Asset Management, L.P. in Q2 2026?
Of 6 existing positions with share-count increases in Q2 2026, the largest were: APPLOVIN CORP (APP, +1.8% weight, +538.0% shares), ALASKA AIR GROUP INC (ALK, +1.1% weight, +206.8% shares), VISTRA CORP (VST, +0.3% weight, +134.9% shares), APARTMENT INVT & MGMT CO (AIV, +-0.8% weight, +96.1% shares), PG&E CORP (PCG, +-2.4% weight, +69.7% shares), REPUBLIC AWYS HLDGS INC (RJET, +-6.6% weight, +1.1% shares).
Which positions did Owl Creek Asset Management, L.P. fully exit in Q2 2026?
Owl Creek Asset Management, L.P. fully exited 7 positions in Q2 2026: INTUITIVE SURGICAL INC (ISRG, last-reported weight 1.5%), INTUIT (INTU, last-reported weight 1.1%), NVIDIA CORPORATION (NVDA, last-reported weight 0.7%), GE AEROSPACE (GE, last-reported weight 0.6%), AMAZON.COM INC (AMZN, last-reported weight 0.6%), HOWMET AEROSPACE (HWM, last-reported weight 0.3%), BITCOIN DEPOT INC (BTMCQ, last-reported weight 0.2%).
Which existing positions saw the largest allocation reductions for Owl Creek Asset Management, L.P. in Q2 2026?
Of 6 existing positions with share-count reductions in Q2 2026, the largest were: SPOTIFY TECHNOLOGY S A (SPOT, -1.1% weight, -81.4% shares), DANAHER CORP DEL (DHR, -1.1% weight, -79.4% shares), SKYWEST INC (SKYW, -4.2% weight, -43.7% shares), FTAI AVIATION LTD (FTAI, -6.7% weight, -37.9% shares), TALEN ENERGY CORP (TLN, -2.1% weight, -13.9% shares), BWX TECHNOLOGIES INC (BWXT, -0.9% weight, -2.4% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.