Jeffrey Altman’s Owl Creek Asset Management is Buying These 5 Stocks

In this article, we discuss the 5 stocks Jeffrey Altman’s Owl Creek Asset Management is buying. If you want to read our detailed analysis of Altman’s history, investment philosophy, and hedge fund performance, go directly to Jeffrey Altman’s Owl Creek Asset Management is Buying These 10 Stocks.

5. Amazon.com Inc. (NASDAQ:AMZN)

Owl Creek’s Stake Value: $96,668,000

Percentage of Owl Creek’s 13F Portfolio: 4.43%

Number of Hedge Fund Holders: 271

Amazon.com Inc. is a multinational conglomerate headquartered in California, USA, which focuses on e-commerce, artificial intelligence, and digital streaming.

In its investor letter for Q2 2021, L1 Capital mentioned Amazon.com. Here is what the letter said:

“Amazon flipped from being the largest detractor from portfolio performance in the March 2021 quarter, to one of the leading contributors in the June 2021 quarter. We took advantage of negative near-term sentiment in the March 2021 quarter to add to our Amazon investment. We continue to view Amazon as one of the best positioned businesses globally, with its share price still not reflecting fair value.”