Third Quarter
For our third quarter letter, we wanted to try a different format that we have used in past. What follows is a deeper dive into the ten positions that hurt us most in the quarter, a quarter during which we were down 16.5% net versus the S&P 500 down 13.9%. By way of update, in Q4 through November 30th, Owl Creek was up 3.0% estimated net versus the S&P 500 up 10.7%.
Whole Letter Embedded Below:
