Owl Creek Asset Management, L.P. In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Owl Creek Asset Management, L.P. reported 21 stock positions worth $517.5 million . Its top holding was Anterix (ATEX) at 39.9% of the portfolio, followed by Republic Airways (RJET, 14.6% ) and Ftai Aviation (FTAI, 9.7% ). Compared with Q4 2025, it opened 7 new positions, sold out of 16, added to 4 and reduced 9. The biggest buy was Republic Airways (RJET, shares +3% ) and the biggest sale an exit from Microsoft (MSFT).
Location New York, NY
CIK 0001313756
Portfolio Value $517.5M (Q1 2026) Holdings 21 stocks · $517.5M 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 Q4 2025 ATEX Anterix Inc. 5,411,776 $206.7M No change RJET Republic Airways Holdings Inc. 4,231,246 $75.7M Add +2.9% FTAI Ftai Aviation Ltd. 205,370 $50.3M Reduce -23.5% PCG P G & E Corp. 2,784,437 $48.9M Reduce -47.8% SKYW Skywest Inc. 326,332 $30.0M Add +2.6% TLN Talen Energy Corp. 64,043 $20.4M Reduce -33.0% AIV Apartment Invt & Mgmt Co. Class A 3,023,200 $12.3M New VST Vistra Corp. 63,778 $9.6M Reduce -58.4% BWXT BWX Technologies Inc. 39,343 $8.0M Reduce -52.5% ISRG Intuitive Surgical Inc. 17,069 $7.9M New CYH Community Health Systems Inc. 2,530,622 $7.4M Add +65.4% DHR Danaher Corp. 34,653 $6.6M Reduce -45.4% SPOT Spotify Technology SA 12,678 $6.1M New INTU Intuit Inc. 13,702 $5.9M New ALK Alaska Air Group Inc. 157,156 $5.8M New NVDA Nvidia Corp. 20,977 $3.7M Reduce -82.6% APP AppLovin Corp. Class A 8,511 $3.4M Reduce -27.3% GE General Electric filed as GE AEROSPACE 11,342 $3.2M New AMZN Amazon.com Inc. 14,277 $3.0M Reduce -91.1% HWM Howmet Aerospace Inc. 6,790 $1.6M New BTMCQ Bitcoin Depot Inc. 502,014 $1.1M Add +134.0%
Options reported separately and not counted above: SPY puts ($472.6M), IWM puts ($208.1M), F puts ($57.7M), MSFT calls ($46.7M), ECH calls ($41.7M), APP calls ($11.9M), IGV calls ($11.9M), AMZN calls ($10.8M), DUOL calls ($3.8M).
Portfolio Sells Q4 2025 → Q1 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 Q4 2025 % Of Portfolio Change To Portfolio ▲ MSFT Microsoft Corp. Sold out 0.00% −3.90 AMZN Amazon.com Inc. Reduce -91.1% 0.57% −3.88 UAL United Airlines Holdings Inc. Sold out 0.00% −3.83 HUM Humana Inc. Sold out 0.00% −3.41 DKNG Draftkings Inc. Class A Sold out 0.00% −3.32 FLUT Flutter Entertainment PLC-Di Sold out 0.00% −3.20 DASH DoorDash Inc. Class A Sold out 0.00% −3.20 EWY iShares MSCI South Korea ETF Sold out 0.00% −2.67 AVGO Broadcom Inc. Sold out 0.00% −2.27 GEV GE Vernova Inc. Sold out 0.00% −2.22 NVDA Nvidia Corp. Reduce -82.6% 0.71% −2.00 CW Curtiss-Wright Corp. Sold out 0.00% −1.82 SE Sea Ltd.-ADR Sold out 0.00% −1.71 ORCL Oracle Corp. Sold out 0.00% −1.70 UBER Uber Technologies Inc. Sold out 0.00% −1.43 LYFT LYFT Inc. Class A Sold out 0.00% −1.29 VST Vistra Corp. Reduce -58.4% 1.85% −1.13 PCG P G & E Corp. Reduce -47.8% 9.45% −0.86 DHR Danaher Corp. Reduce -45.4% 1.27% −0.48 HUT Hut 8 Corp. Sold out 0.00% −0.43 TLN Talen Energy Corp. Reduce -33.0% 3.95% −0.36 APP AppLovin Corp. Class A Reduce -27.3% 0.65% −0.29 BWXT BWX Technologies Inc. Reduce -52.5% 1.55% −0.17 TSEOQ Trinseo PLC Sold out 0.00% −0.10 FTAI Ftai Aviation Ltd. Reduce -23.5% 9.72% +3.36
Portfolio Buys Q4 2025 → Q1 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 Q4 2025 % Of Portfolio Change To Portfolio ▼ RJET Republic Airways Holdings Inc. Add +2.9% 14.62% +5.52 AIV Apartment Invt & Mgmt Co. Class A New 2.38% +2.38 SKYW Skywest Inc. Add +2.6% 5.79% +1.95 ISRG Intuitive Surgical Inc. New 1.52% +1.52 SPOT Spotify Technology SA New 1.19% +1.19 INTU Intuit Inc. New 1.14% +1.14 ALK Alaska Air Group Inc. New 1.12% +1.12 CYH Community Health Systems Inc. Add +65.4% 1.44% +0.86 GE General Electric New 0.62% +0.62 HWM Howmet Aerospace Inc. New 0.30% +0.30 BTMCQ Bitcoin Depot Inc. Add +134.0% 0.21% −0.02
Options Activity Q4 2025 → Q1 2026 Security Type Change vs Q4 2025 Underlying Shares Value ▼ QQQ Invesco QQQ Trust Series 1 put Sold out 2,557,200 $1.6Bbefore exit SPY SS SPDR S&P 500 ETF Trust-US put New 726,700 $472.6M IWM iShares Russell 2000 ETF put Reduce -37.1% 839,000 $208.1M IEF iShares 7-10 Year Treasury B put Sold out 1,604,000 $154.2Mbefore exit KWEB Kranesh Csi China Internet call Sold out 2,465,200 $83.9Mbefore exit NVDA Nvidia Corp. call Sold out 398,300 $74.3Mbefore exit ASHR Xtrackers Harvest Csi 300 CH call Sold out 2,145,000 $70.5Mbefore exit F Ford Motor Co. put New 5,003,900 $57.7M MSFT Microsoft Corp. call New 126,200 $46.7M ECH iShares MSCI Chile ETF call New 1,050,000 $41.7M PLTR Palantir Technologies Inc. Class A put Sold out 205,500 $36.5Mbefore exit SLV iShares Silver Trust put Sold out 467,500 $30.1Mbefore exit IWM iShares Russell 2000 ETF call Sold out 102,500 $25.2Mbefore exit ORCL Oracle Corp. call Sold out 111,500 $21.7Mbefore exit TSLA Tesla Inc. put Sold out 46,000 $20.7Mbefore exit AAL American Airlines Group Inc. call Sold out 1,130,000 $17.3Mbefore exit APP AppLovin Corp. Class A call New 30,000 $11.9M IGV iShares Expanded Tech-Softwa call Reduce -48.8% 148,500 $11.9M AMZN Amazon.com Inc. call New 51,800 $10.8M CRWV Coreweave Inc. Class A call Sold out 150,000 $10.7Mbefore exit EWY iShares MSCI South Korea ETF call Sold out 73,300 $7.1Mbefore exit DUOL Duolingo call New 39,000 $3.8M
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