Owl Creek Asset Management, L.P. In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Owl Creek Asset Management, L.P. reported 31 stock positions worth $1.1 billion . Its top holding was Anterix (ATEX) at 49.4% of the portfolio, followed by Republic Airways (RJET, 8.0% ) and P G & E (PCG, 7.0% ). Compared with Q1 2026, it opened 17 new positions, sold out of 7, added to 6 and reduced 6. The biggest buy was a new position in Ares Management Class A (ARES) and the biggest sale Ftai Aviation (FTAI, shares −38% ).
Location New York, NY
CIK 0001313756
Portfolio Value $1.1B (Q2 2026) Holdings 31 stocks · $1.1B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q1 2026 ATEX Anterix Inc. 5,411,776 $557.1M No change RJET Republic Airways Holdings Inc. 4,278,689 $89.9M Add +1.1% PCG P G & E Corp. 4,726,388 $79.5M Add +69.7% FTAI Ftai Aviation Ltd. 127,453 $34.5M Reduce -37.9% APP AppLovin Corp. Class A 54,304 $28.0M Add +538.0% ALK Alaska Air Group Inc. 482,112 $25.2M Add +206.8% ARES Ares Management Corp. Class A 220,118 $24.5M New DASH DoorDash Inc. Class A 130,176 $24.0M New VST Vistra Corp. 149,799 $23.8M Add +134.9% RCL Royal Caribbean Cruises Ltd. 69,856 $22.2M New TLN Talen Energy Corp. 55,150 $21.2M Reduce -13.9% UBER Uber Technologies Inc. 272,488 $19.7M New UAL United Airlines Holdings Inc. 137,695 $18.7M New SKYW Skywest Inc. 183,793 $18.3M Reduce -43.7% AIV Apartment Invt & Mgmt Co. Class A 5,927,644 $17.6M Add +96.1% CCL Carnival Corp. Ltd. 569,159 $16.3M New RKT Rocket Cos Inc. Class A 1,024,109 $16.1M New FLEX Flex Ltd. 90,918 $14.7M New UWMC Uwm Holdings Corp. 4,911,463 $11.2M New MLCO Melco Resorts & Entert-ADR 1,722,262 $9.1M New SE Sea Ltd.-ADR 93,152 $8.9M New CYH Community Health Systems Inc. 2,530,622 $8.5M No change BWXT BWX Technologies Inc. 38,391 $7.5M Reduce -2.4% MSFT Microsoft Corp. 18,647 $7.0M New META Meta Platforms Inc. Class A 12,248 $6.9M New NN Nextnav Inc. 341,803 $6.1M New Z Zillow Group Inc. Class C 126,293 $4.0M New GEV GE Vernova Inc. 2,565 $3.0M New BWA Borgwarner Inc. 33,648 $2.2M New DHR Danaher Corp. 7,138 $1.4M Reduce -79.4% SPOT Spotify Technology SA 2,354 $1.1M Reduce -81.4%
Options reported separately and not counted above: MSFT calls ($47.1M), KWEB calls ($23.8M), EWY puts ($10.2M).
Portfolio Sells Q1 2026 → Q2 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▲ FTAI Ftai Aviation Ltd. Reduce -37.9% 3.06% −6.67 SKYW Skywest Inc. Reduce -43.7% 1.62% −4.17 TLN Talen Energy Corp. Reduce -13.9% 1.88% −2.07 ISRG Intuitive Surgical Inc. Sold out 0.00% −1.52 DHR Danaher Corp. Reduce -79.4% 0.12% −1.15 INTU Intuit Inc. Sold out 0.00% −1.14 SPOT Spotify Technology SA Reduce -81.4% 0.10% −1.09 BWXT BWX Technologies Inc. Reduce -2.4% 0.66% −0.89 NVDA Nvidia Corp. Sold out 0.00% −0.71 GE General Electric Sold out 0.00% −0.62 AMZN Amazon.com Inc. Sold out 0.00% −0.57 HWM Howmet Aerospace Inc. Sold out 0.00% −0.30 BTMCQ Bitcoin Depot Inc. Sold out 0.00% −0.21
Portfolio Buys Q1 2026 → Q2 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q1 2026 % Of Portfolio Change To Portfolio ▼ ARES Ares Management Corp. Class A New 2.17% +2.17 DASH DoorDash Inc. Class A New 2.13% +2.13 RCL Royal Caribbean Cruises Ltd. New 1.97% +1.97 APP AppLovin Corp. Class A Add +538.0% 2.48% +1.83 UBER Uber Technologies Inc. New 1.74% +1.74 UAL United Airlines Holdings Inc. New 1.66% +1.66 CCL Carnival Corp. Ltd. New 1.44% +1.44 RKT Rocket Cos Inc. Class A New 1.43% +1.43 FLEX Flex Ltd. New 1.31% +1.31 ALK Alaska Air Group Inc. Add +206.8% 2.23% +1.11 UWMC Uwm Holdings Corp. New 1.00% +1.00 MLCO Melco Resorts & Entert-ADR New 0.80% +0.80 SE Sea Ltd.-ADR New 0.79% +0.79 MSFT Microsoft Corp. New 0.62% +0.62 META Meta Platforms Inc. Class A New 0.61% +0.61 NN Nextnav Inc. New 0.54% +0.54 Z Zillow Group Inc. Class C New 0.35% +0.35 GEV GE Vernova Inc. New 0.27% +0.27 VST Vistra Corp. Add +134.9% 2.11% +0.25 BWA Borgwarner Inc. New 0.20% +0.20 AIV Apartment Invt & Mgmt Co. Class A Add +96.1% 1.56% −0.82 PCG P G & E Corp. Add +69.7% 7.05% −2.40 RJET Republic Airways Holdings Inc. Add +1.1% 7.97% −6.65
Options Activity Q1 2026 → Q2 2026 Security Type Change vs Q1 2026 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Sold out 726,700 $472.6Mbefore exit IWM iShares Russell 2000 ETF put Sold out 839,000 $208.1Mbefore exit F Ford Motor Co. put Sold out 5,003,900 $57.7Mbefore exit ECH iShares MSCI Chile ETF call Sold out 1,050,000 $41.7Mbefore exit KWEB Kranesh Csi China Internet call New 971,100 $23.8M APP AppLovin Corp. Class A call Sold out 30,000 $11.9Mbefore exit IGV iShares Expanded Tech-Softwa call Sold out 148,500 $11.9Mbefore exit AMZN Amazon.com Inc. call Sold out 51,800 $10.8Mbefore exit EWY iShares MSCI South Korea ETF put New 50,600 $10.2M DUOL Duolingo call Sold out 39,000 $3.8Mbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 31 $1.1B ATEX, RJET, PCG, FTAI, APP Q1 2026 21 $517.5M ATEX, RJET, FTAI, PCG, SKYW Q4 2025 30 $830.8M ATEX, PCG, RJET, FTAI, AMZN Q3 2025 32 $880.7M ATEX, PCG, LYFT, TLN, FTAI Q2 2025 24 $758.3M ATEX, IWM, HUM, AMZN, VST Q1 2025 20 $613.5M ATEX, PCG, META, FLUT, HUM Q4 2024 17 $425.3M ATEX, PCG, UBER, MLCO, FLUT Q3 2024 25 $684.3M ATEX, PCG, META, PZZA, MSFT Q2 2024 15 $557.5M ATEX, PCG, AMZN, T, META Q1 2024 27 $703.6M ATEX, PCG, THC, AMZN, OXY