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| Quarter | Letter Date | Fund Name | QTD | YTD | Tickers | Themes | Quick Take |
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"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 trades, while successfully scaling assets past $150 million."
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.
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Algorithmic conviction, macroeconomic posture, and risk appetite signals extracted from this quarterly letter with qualitative explanations.
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...
