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 $517.5 million in its latest SEC Form 13F-HR filing for Q1 2026, down 37.7% quarter on quarter. Over the quarter, the fund initiated 8 new positions, bought more shares in 3 holdings, trimmed 9 holdings, and exited 17 positions.
Owl Creek Asset Management, L.P.'s top buy was a new stake in Apartment Invt & Mgmt CO (AIV) , equal to 2.4% of the disclosed portfolio. Its top sell was Microsoft (MSFT) . The fund exited the position completely after it had accounted for 3.9% of the previous portfolio.
New PositionsQ1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| APARTMENT INVT & MGMT CO | AIV | 2.4% | History → |
| INTUITIVE SURGICAL INC | ISRG | 1.5% | History → |
| SPOTIFY TECHNOLOGY S A | SPOT | 1.2% | Holders → |
| INTUIT | INTU | 1.1% | Holders → |
| ALASKA AIR GROUP INC | ALK | 1.1% | Holders → |
| GE AEROSPACE | GE | 0.6% | Holders → |
| HOWMET AEROSPACE | HWM | 0.3% | Holders → |
| BITCOIN DEPOT INC | BTMCQ | 0.2% | Holders → |
Top BuysQ1 2026
The fund's top buys among existing positions in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| COMMUNITY HEALTH SYS INC NEW | CYH | +0.9% | +65.4% | Holders → |
| REPUBLIC AWYS HLDGS INC | RJET | +5.5% | +2.9% | History → |
| SKYWEST INC | SKYW | +1.9% | +2.6% | History → |
Top SellsQ1 2026
The fund's top sells among positions it retained in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| AMAZON.COM | AMZN | -3.9% | 91.1% | Holders → |
| NVIDIA CORPORATION COM | NVDA | -2.0% | 82.6% | Holders → |
| VISTRA CORP | VST | -1.1% | 58.4% | History → |
| BWX TECHNOLOGIES | BWXT | -0.2% | 52.5% | History → |
| PG&E CORP | PCG | -0.9% | 47.8% | History → |
| DANAHER | DHR | -0.5% | 45.4% | Holders → |
| TALEN ENERGY CORP | TLN | -0.4% | 33.0% | History → |
| APPLOVIN CORP | APP | -0.3% | 27.3% | Holders → |
| FTAI AVIATION LTD | FTAI | 3.4% | 23.5% | History → |
Full ExitsQ1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| MICROSOFT | MSFT | 3.9% |
| UNITED AIRLS HLDGS INC | UAL | 3.8% |
| HUMANA INC | HUM | 3.4% |
| DRAFTKINGS INC NEW | DKNG | 3.3% |
| FLUTTER ENTMT PLC | FLUT | 3.2% |
| DOORDASH INC | DASH | 3.2% |
| ISHARES INC | EWY | 2.7% |
| BROADCOM | AVGO | 2.3% |
| GE VERNOVA INC | GEV | 2.2% |
| CURTISS WRIGHT CORP | CW | 1.8% |
| SEA LTD | SE | 1.7% |
| ORACLE CORP | ORCL | 1.7% |
| UBER TECHNOLOGIES INC | UBER | 1.4% |
| LYFT INC | LYFT | 1.3% |
| HUT 8 CORP | HUT | 0.4% |
| BITCOIN DEPOT INC | UNKNOWN | 0.2% |
| TRINSEO PLC | TSEOF | 0.1% |
Net Portfolio Value ChangeQ1 2026
- $0.8BPrior quarter
- $0.5BCurrent quarter
- $-0.3BNet delta
- -37.7%% 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 Q1 2026?
In Q1 2026, Owl Creek Asset Management, L.P. initiated 8 new positions (APARTMENT INVT & MGMT CO (AIV), INTUITIVE SURGICAL INC (ISRG), SPOTIFY TECHNOLOGY S A (SPOT), INTUIT (INTU), ALASKA AIR GROUP INC (ALK), GE AEROSPACE (GE), HOWMET AEROSPACE (HWM), BITCOIN DEPOT INC (BTMCQ)); bought more shares of COMMUNITY HEALTH SYS INC NEW (CYH), REPUBLIC AWYS HLDGS INC (RJET), SKYWEST INC (SKYW).
What stocks did Owl Creek Asset Management, L.P. sell in Q1 2026?
In Q1 2026, Owl Creek Asset Management, L.P. fully sold 17 positions (MICROSOFT (MSFT), UNITED AIRLS HLDGS INC (UAL), HUMANA INC (HUM), DRAFTKINGS INC NEW (DKNG), FLUTTER ENTMT PLC (FLUT), DOORDASH INC (DASH), ISHARES INC (EWY), BROADCOM (AVGO), GE VERNOVA INC (GEV), CURTISS WRIGHT CORP (CW), SEA LTD (SE), ORACLE CORP (ORCL), UBER TECHNOLOGIES INC (UBER), LYFT INC (LYFT), HUT 8 CORP (HUT), BITCOIN DEPOT INC (UNKNOWN), TRINSEO PLC (TSEOF)); reduced holdings in AMAZON.COM (AMZN), NVIDIA CORPORATION COM (NVDA), VISTRA CORP (VST), BWX TECHNOLOGIES (BWXT), PG&E CORP (PCG) — the largest 5 of 9 reductions.
Which positions did Owl Creek Asset Management, L.P. initiate in Q1 2026?
Owl Creek Asset Management, L.P. established 8 new positions in Q1 2026: APARTMENT INVT & MGMT CO (AIV, 2.4%), INTUITIVE SURGICAL INC (ISRG, 1.5%), SPOTIFY TECHNOLOGY S A (SPOT, 1.2%), INTUIT (INTU, 1.1%), ALASKA AIR GROUP INC (ALK, 1.1%), GE AEROSPACE (GE, 0.6%), HOWMET AEROSPACE (HWM, 0.3%), BITCOIN DEPOT INC (BTMCQ, 0.2%).
Which existing positions saw the largest allocation increases for Owl Creek Asset Management, L.P. in Q1 2026?
Of 3 existing positions with share-count increases in Q1 2026, the largest were: COMMUNITY HEALTH SYS INC NEW (CYH, +0.9% weight, +65.4% shares), REPUBLIC AWYS HLDGS INC (RJET, +5.5% weight, +2.9% shares), SKYWEST INC (SKYW, +1.9% weight, +2.6% shares).
Which positions did Owl Creek Asset Management, L.P. fully exit in Q1 2026?
Owl Creek Asset Management, L.P. fully exited 17 positions in Q1 2026: MICROSOFT (MSFT, last-reported weight 3.9%), UNITED AIRLS HLDGS INC (UAL, last-reported weight 3.8%), HUMANA INC (HUM, last-reported weight 3.4%), DRAFTKINGS INC NEW (DKNG, last-reported weight 3.3%), FLUTTER ENTMT PLC (FLUT, last-reported weight 3.2%), DOORDASH INC (DASH, last-reported weight 3.2%), ISHARES INC (EWY, last-reported weight 2.7%), BROADCOM (AVGO, last-reported weight 2.3%), GE VERNOVA INC (GEV, last-reported weight 2.2%), CURTISS WRIGHT CORP (CW, last-reported weight 1.8%), SEA LTD (SE, last-reported weight 1.7%), ORACLE CORP (ORCL, last-reported weight 1.7%), UBER TECHNOLOGIES INC (UBER, last-reported weight 1.4%), LYFT INC (LYFT, last-reported weight 1.3%), HUT 8 CORP (HUT, last-reported weight 0.4%), BITCOIN DEPOT INC (UNKNOWN, last-reported weight 0.2%), TRINSEO PLC (TSEOF, last-reported weight 0.1%).
Which existing positions saw the largest allocation reductions for Owl Creek Asset Management, L.P. in Q1 2026?
Of 9 existing positions with share-count reductions in Q1 2026, the largest were: AMAZON.COM (AMZN, -3.9% weight, -91.1% shares), NVIDIA CORPORATION COM (NVDA, -2.0% weight, -82.6% shares), VISTRA CORP (VST, -1.1% weight, -58.4% shares), BWX TECHNOLOGIES (BWXT, -0.2% weight, -52.5% shares), PG&E CORP (PCG, -0.9% weight, -47.8% shares), DANAHER (DHR, -0.5% weight, -45.4% shares), TALEN ENERGY CORP (TLN, -0.4% weight, -33.0% shares), APPLOVIN CORP (APP, -0.3% weight, -27.3% shares), FTAI AVIATION LTD (FTAI, 3.4% weight, -23.5% 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.