The curated database of hedge funds that publish investor letters. Research by geography, strategy, and schools of thought.
| # | Fund | Strategy | Style | Geography | AUM | Latest Letter |
|---|---|---|---|---|---|---|
As of Jan 2, 2026
Creek Drive Capital Management reported a strong full-year 2025 performance, achieving a 73.9% net return (94.8% gross) and scaling its assets to over $150 million. The long book contributed +6,010 bps (roughly two-thirds of gross returns), led by Sphere Entertainment (up 138% over the year) and a >10% position in GameStop, alongside several new biotech additions. The arbitrage and opportunistic sleeve contributed the remaining third of returns, buoyed by a long-volatility position in Alphabet (+630 bps) and the Core Scientific / CoreWeave merger (+550 bps), but partially offset by a mistimed MicroStrategy/Bitcoin trust arbitrage. Operationally, the fund is completing its first full audit, transitioning to SEC registration, onboarding new prime brokers (Cantor Fitzgerald, Clear Street), and considering reopening to new capital in H2 2026.
Managing the portfolio with a long-run compounding mindset by combining a concentrated, actively rebalanced long book with liquid arbitrage exposures. Risk is viewed as the danger of being forced to act at the wrong time rather than near-term price movements, maintaining high liquidity to expand opportunities during market drawdowns.
The manager remains constructive on the strategy's outlook, citing a market environment characterized by persistent idiosyncratic volatility and frequent price dislocations. They plan to stay disciplined about the risks of extrapolation and complacency while prioritizing return quality over asset growth.
High Conviction Bullish
Market Conviction
Growth Outlook
Risk Appetite
Capital Deployment
Forward Guidance
Language Signal
Perceived Risk
Opportunity Density
Time Horizon
Top Conviction Themes
Key Catalysts
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