Altman’s Owl Creek Discloses Smith & Wesson Stake After Newtown

Owl Creek Asset Management LP, the hedge fund led by Jeffrey Altman, disclosed a 2.4 percent stake in gunmaker Smith & Wesson Holding Corp. after the massacre of school children in Newtown, Connecticut.

The fund purchased 1.62 million Smith & Wesson shares in the fourth quarter, according to a regulatory filing today from New York-based Owl Creek. The filing didn’t show the dates on which the shares were acquired. Dan Sapadin, Owl Creek’s chief operating officer, didn’t immediately return a call for comment on the new holding.

Twenty children and six educators were slain at Sandy Hook Elementary School on Dec. 14, spurring lawmakers to seek stricter gun-control measures. Shares of Springfield, Massachusetts-based Smith & Wesson have climbed 12 percent this year and are little changed since the day before the shootings.

To contact the reporter on this story: Brooke Sutherland in New York at

To contact the editor responsible for this story: Ed Dufner at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.