Owl Creek Asset Management, L.P. In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Owl Creek Asset Management, L.P. reported 17 stock positions worth $425.3 million . Its top holding was Anterix (ATEX) at 39.0% of the portfolio, followed by P G & E (PCG, 12.5% ) and Uber Technologies (UBER, 7.7% ). Compared with Q3 2024, it opened 2 new positions, sold out of 10, added to 4 and reduced 9. The biggest buy was Dave & Buster's Entertainmen (PLAY, shares +337% ) and the biggest sale an exit from CrowdStrike Class A (CRWD).
Location New York, NY
CIK 0001313756
Portfolio Value $425.3M (Q4 2024) Holdings 17 stocks · $425.3M 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 Q3 2024 ATEX Anterix Inc. 5,411,776 $166.0M No change PCG P G & E Corp. 2,627,563 $53.0M Reduce 0.0% UBER Uber Technologies Inc. 541,391 $32.7M Add +28.0% MLCO Melco Resorts & Entert-ADR 4,910,641 $28.4M Add +23.3% FLUT Flutter Entertainment PLC-Di 94,174 $24.3M Reduce -27.9% PZZA Papa John's Intl Inc. 520,356 $21.4M Reduce -22.0% PLAY Dave & Buster's Entertainmen 559,413 $16.3M Add +336.7% META Meta Platforms Inc. Class A 27,169 $15.9M Reduce -57.3% AMZN Amazon.com Inc. 67,411 $14.8M Reduce -63.9% FXI iShares China Large-Cap ETF 430,948 $13.1M New CI The Cigna Group 46,734 $12.9M New SPOT Spotify Technology SA 28,266 $12.6M Reduce -42.1% MSFT Microsoft Corp. 15,829 $6.7M Reduce -80.8% MVST Microvast Holdings Inc. 1,074,705 $2.2M Reduce -83.0% TSEOQ Trinseo PLC 382,098 $1.9M Add +80.1% CYH Community Health Systems Inc. 629,671 $1.9M No change BITCOIN DEPOT INC 693,050 $1.1M Reduce -20.4%
Options reported separately and not counted above: SPY puts ($2.5B), SPY calls ($876.2M), IWM calls ($367.4M), WYNN calls ($112.3M), LVS calls ($103.4M), ARKK puts ($90.7M), UBER calls ($86.0M), TSLA puts ($62.7M), PFE calls ($45.6M), KWEB puts ($43.9M), AAPL puts ($42.8M), PLTR puts ($28.5M), and 11 more.
Other holdings (5): bonds, preferreds, convertibles and warrants · $103K (not counted above) Security Class Shares / Principal Value Change BNIXR Bannix Acquisition Corp.-RTS RIGHT 07/31/2026 750,935 $72K No change BTMWQ Bitcoin Depot Inc.-CW23 *W EXP 06/30/202 252,000 $17K No change DMYYW DMY Squared Technology GR-27 *W EXP 99/99/999 23,635 $6K No change MMVXF Multimetaverse Holdings -27 *W EXP 01/04/202 191,589 $5K No change AERTW Aeries Technology Inc. -CW23 *W EXP 11/06/202 100,000 $4K No change
Total filed on the 13F, all lines: $425.5M.
Portfolio Sells Q3 2024 → Q4 2024 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 Q3 2024 % Of Portfolio Change To Portfolio ▲ CRWD CrowdStrike Holdings Inc. Class A Sold out 0.00% −4.74 THC Tenet Healthcare Corp. Sold out 0.00% −4.70 LVS Las Vegas Sands Corp. Sold out 0.00% −3.70 MSFT Microsoft Corp. Reduce -80.8% 1.57% −3.61 DKNG Draftkings Inc. Class A Sold out 0.00% −2.13 WYNN WYNN Resorts Ltd. Sold out 0.00% −2.01 INTC Intel Corp. Sold out 0.00% −1.76 UNH Unitedhealth Group Inc. Sold out 0.00% −1.75 LYFT LYFT Inc. Class A Sold out 0.00% −1.62 AMZN Amazon.com Inc. Reduce -63.9% 3.48% −1.61 META Meta Platforms Inc. Class A Reduce -57.3% 3.74% −1.58 TDG Transdigm Group Inc. Sold out 0.00% −0.82 HHH Howard Hughes Holdings Inc. Sold out 0.00% −0.42 PZZA Papa John's Intl Inc. Reduce -22.0% 5.02% −0.23 BITCOIN DEPOT INC Reduce -20.4% 0.26% +0.06 MVST Microvast Holdings Inc. Reduce -83.0% 0.52% +0.29 SPOT Spotify Technology SA Reduce -42.1% 2.97% +0.34 FLUT Flutter Entertainment PLC-Di Reduce -27.9% 5.72% +1.19 PCG P G & E Corp. Reduce 0.0% 12.47% +4.87
Portfolio Buys Q3 2024 → Q4 2024 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 Q3 2024 % Of Portfolio Change To Portfolio ▼ PLAY Dave & Buster's Entertainmen Add +336.7% 3.84% +3.20 FXI iShares China Large-Cap ETF New 3.08% +3.08 CI The Cigna Group New 3.03% +3.03 UBER Uber Technologies Inc. Add +28.0% 7.68% +3.03 MLCO Melco Resorts & Entert-ADR Add +23.3% 6.68% +2.15 TSEOQ Trinseo PLC Add +80.1% 0.46% +0.30
Options Activity Q3 2024 → Q4 2024 Security Type Change vs Q3 2024 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Add +478.1% 4,290,400 $2.5B SPY SS SPDR S&P 500 ETF Trust-US call New 1,495,000 $876.2M IWM iShares Russell 2000 ETF call New 1,662,700 $367.4M BABA Alibaba Group Holding-SP ADR put Sold out 2,240,300 $237.7Mbefore exit QCOM Qualcomm Inc. call Sold out 769,500 $130.9Mbefore exit WYNN WYNN Resorts Ltd. call New 1,303,500 $112.3M FXI iShares China Large-Cap ETF call Sold out 3,283,900 $104.4Mbefore exit LVS Las Vegas Sands Corp. call Add +31.0% 2,013,900 $103.4M ARKK ARK Innovation ETF put New 1,598,300 $90.7M UBER Uber Technologies Inc. call Reduce -6.5% 1,426,100 $86.0M FXI iShares China Large-Cap ETF put Sold out 2,141,400 $68.1Mbefore exit KWEB Kranesh Csi China Internet call Sold out 1,940,000 $66.0Mbefore exit TSLA Tesla Inc. put Reduce -78.9% 155,300 $62.7M PZZA Papa John's Intl Inc. call Sold out 954,500 $51.4Mbefore exit PFE Pfizer Inc. call New 1,719,600 $45.6M KWEB Kranesh Csi China Internet put Reduce -65.5% 1,501,500 $43.9M AAPL Apple Inc. put New 170,900 $42.8M LYFT LYFT Inc. Class A call Sold out 2,747,600 $35.0Mbefore exit PDD PDD Holdings Inc. call Sold out 215,800 $29.1Mbefore exit PLTR Palantir Technologies Inc. Class A put New 376,900 $28.5M MRVL Marvell Technology Inc. put New 252,200 $27.9M CVS CVS Health Corp. call New 605,800 $27.2M KRE SS SPDR S&P Regional Bank put New 380,000 $22.9M CRWD CrowdStrike Holdings Inc. Class A call Reduce -79.7% 51,200 $17.5M HUM Humana Inc. call New 64,000 $16.2M JD Jd.com Inc.-ADR call New 449,000 $15.6M SBUX Starbucks Corp. put Sold out 135,000 $13.2Mbefore exit DKNG Draftkings Inc. Class A call Sold out 335,000 $13.1Mbefore exit INTC Intel Corp. call Sold out 472,200 $11.1Mbefore exit PLAY Dave & Buster's Entertainmen call New 363,700 $10.6M BXMT Blackstone Mortgage Tru Class A put New 425,000 $7.4M SNOW Snowflake Inc. put Sold out 58,500 $6.7Mbefore exit MSFT Microsoft Corp. call New 15,000 $6.3M RIOT Riot Platforms Inc. call New 571,400 $5.8M MLCO Melco Resorts & Entert-ADR call Reduce -79.3% 565,000 $3.3M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q3 2024 → Q4 2024 Security Class Change vs Q3 2024 Shares / Principal Value ▼ NOVVR Nova Vision Acquisition-RTS RIGHT 99/99/9999 Sold out 235,000 $58Kbefore exit JWSWF Jaws Mustang Acq C -CW26 *W EXP 01/30/202 Sold out 593,750 $14Kbefore exit MCAGR Mountain Crest Acquisiti-RTS RIGHT 08/30/2022 Sold out 125,000 $13Kbefore exit GHIXW Gores Holding Ix -CW24 *W EXP 01/14/202 Sold out 166,667 $13Kbefore exit BZFDW Buzzfeed Inc. -CW27 *W EXP 12/03/202 Sold out 63,260 $6Kbefore exit LDTDF Prospector Leddartech Alm-28 *W EXP 12/21/202 Sold out 102,984 $3Kbefore exit BLEUACACIA LTD RIGHT 10/30/2026 Sold out 80,000 $2Kbefore exit TLGWF TLGY Acquisition Corp. -23 *W EXP 11/09/202 Sold out 70,000 $2Kbefore exit COCHW Envoy Medical Inc.-CW27 *W EXP 09/29/202 Sold out 16,666 $1Kbefore exit CRPWF Carbon Revolution PLC *W EXP 99/99/999 Sold out 34,533 $1Kbefore exit BLEUACACIA LTD *W EXP 10/30/202 Sold out 40,000 $1Kbefore exit ROCLW Roth CH Acquisition V -CW23 *W EXP 12/10/202 Sold out 10,000 $472before exit
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages 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