Owl Creek Buys JPMorgan, AIG and Yahoo, Sells Hewlett-Packard

The third quarter 13F filing for Owl Creek Asset Management shows that the firm purchased 11 new stocks and increased its holdings in six other stocks. The firm sold out of 10 stocks and reduced its position in 14 stocks.

Owl Creek Buys JPMorgan, AIG and Yahoo, Sells Hewlett-Packard

The firm’s largest holdings are in Yahoo! Inc. (NASDAQ:YHOO), Teva Pharmaceutical Industries Ltd (NYSE:TEVA), Visteon Corporation  (NYSE:VC), QUALCOMM, Inc. (NASDAQ:QCOM) and News Corp (NASDAQ:NWSA) (NASDAQ:NWS).

Relying On Old-Fashioned Stock Picking, Lee Ainslie Reports His “Strongest Quarter” Ever

Lee Ainslie's Maverick Fund USA enjoyed its "strongest quarter in the fund's history" during the three months to the end of June. According to a copy of the firm's second-quarter letter to investors, which ValueWalk has been able to review, Maverick Fund USA gained 18% in the second quarter. Following this performance, the fund was Read More

Adds And Increases:

Owl Creek’s third quarter additions include JPMorgan Chase & Co. (NYSE:JPM), QUALCOMM, Inc. (NASDAQ:QCOM), Iron Mountain Incorporated (NYSE:IRM), SUPERVALU INC. (NYSE:SVU) and Citigroup Inc. (NYSE:C).

The firm’s major increases include Yahoo! Inc. (NASDAQ:YHOO), E TRADE Financial Corporation (NASDAQ:ETFC) and American International Group, Inc. (NYSE:AIG).

Sell-Offs And Reductions:

The firm closed out its shares of CIGNA Corporation (NYSE:CI), Express Scripts Holding Company (NASDAQ:ESRX), Hewlett-Packard Company (NYSE:HPQ) and NetApp (NASDAQ: NTAP).

Owl Creek reduced its position in Virgin Media Inc. (NASDAQ:VMED), Verisign, Inc. (NASDAQ:VRSN) and Deckers Outdoor Corp (NASDAQ:DECK).