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| # | Fund | Strategy | Style | Geography | AUM | Latest Letter |
|---|---|---|---|---|---|---|
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.
As of Jan 2, 2026
Creek Drive Capital specializes in event-driven opportunities, leveraging decades of market experience and rigorous quantitative methods to identify emerging mispricings and strategically size positions aimed at compounding returns over time. The firm's investment philosophy centers on two core principles: 'Dislocation is opportunity' and 'Flexibility as edge.' Rather than viewing volatility as merely a risk to be minimized, Creek Drive treats it as an input to returns, structuring their portfolio to remain liquid and opportunistic across varying market conditions. The fund emphasizes maintaining flexibility and opportunism through varying market conditions by embracing volatility as a contributor to returns. Their approach reflects the founding team's diverse backgrounds spanning traditional finance and investing, physics research, and successful company-building experience. As stated on their website, 'We don't think like a typical fund because we didn't come from one,' highlighting their differentiated approach to sourcing investment ideas, assessing risk, and making investment decisions. The fund focuses on strategic position sizing and compounding returns over time through rigorous quantitative methods. Their methodology prioritizes identifying undervalued opportunities in emerging or misunderstood business models. The team's unique convergence of backgrounds informs their distinctive approach to investment decision-making. Creek Drive maintains a focus on fundamental value while capitalizing on temporary market dislocations.
Lead Portfolio Manager
High Conviction Bullish
Market Conviction
High-conviction positioning: Creek Drive Capital Management delivered an exceptional 73.9% net return in 2025, driven by strong performance in its concentrated long book (led by SPHR) and key opportunistic tra...
Growth Outlook
Market outlook remains above average conviction: Creek Drive Capital Management delivered an exceptional 73.9% net return in 2025, driven by strong performance in its concentrated long book (led by SPHR) and key opportunistic tra...
Risk Appetite
Risk appetite posture is above average conviction: Creek Drive Capital Management delivered an exceptional 73.9% net return in 2025, driven by strong performance in its concentrated long book (led by SPHR) and key opportunistic tra...
Capital Deployment
Manager actively deployed capital into high-conviction opportunities. Creek Drive Capital Management delivered an exceptional 73.9% net return in 2025, driven by strong performance in its concentrated long book (led by SPHR) and key opportunistic tra...
Forward Guidance
Forward guidance signal: Creek Drive Capital Management delivered an exceptional 73.9% net return in 2025, driven by strong performance in its concentrated long book (led by SPHR) and key opportunistic tra...
Language Signal
Tone analysis indicates high conviction language: Creek Drive Capital Management delivered an exceptional 73.9% net return in 2025, driven by strong performance in its concentrated long book (led by SPHR) and key opportunistic tra...
Perceived Risk
Perceived risk level is evaluated as moderate conviction. Creek Drive Capital Management delivered an exceptional 73.9% net return in 2025, driven by strong performance in its concentrated long book (led by SPHR) and key opportunistic tra...
Opportunity Density
Opportunity density index indicates high conviction actionable entry points. Creek Drive Capital Management delivered an exceptional 73.9% net return in 2025, driven by strong performance in its concentrated long book (led by SPHR) and key opportunistic tra...
Time Horizon
Investment time horizon reflects a high conviction orientation. Creek Drive Capital Management delivered an exceptional 73.9% net return in 2025, driven by strong performance in its concentrated long book (led by SPHR) and key opportunistic tra...
Top Conviction Themes
Key Catalysts
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