Creek Drive's Portfolio Moves
Creek Drive Management Unveils New Stakes in Remitly, CPI, and Trump Media, Mirroring Investor Trends
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For CPI Card Group (PMTS), the filing showed broader institutional involvement: institutional investors and hedge funds own 22.08% of the stock, and multiple funds also adjusted positions during the quarter (e.g., Aristeia Capital bought a new ~$597,000 position; Trexquant increased its stake by 118.4%; Monimus grew its stake by 131.2%).
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Still on PMTS, analyst coverage included specific rating reversals: Wall Street Zen upgraded the stock from “buy” to “strong-buy,” while Weiss Ratings moved it from “sell (d+)” to “hold (c-)” (both cited in the research roundup accompanying the 13F disclosure).
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For Remitly Global (RELY), Creek Drive’s 13F indicated it owned about 0.07% of the company, and it was only a 1.4% portfolio holding; meanwhile, large holders also added during the same period—for example, Baillie Gifford & Co. increased its position by 48.2% to 11,658,558 shares (worth ~$160.888 million).
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For Trump Media & Technology Group (DJT), institutional ownership was quantified in the article: institutional investors own 4.29% of the stock. The disagreement also came with a dated callout—Weiss Ratings reiterated a “sell (d-)” on May 4—despite multiple other large funds increasing exposure.
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For T1 Energy (TE), the article provided a detailed analyst/expectation snapshot beyond “mixed views”: it listed 52.31% of the shares held by institutional investors, and specific targets/ratings including Needham & Company reissuing a “buy” with an $8.00 target; BTIG raising its target to $8.00; Bernstein starting coverage at “market perform” with a $9.00 target; Weiss Ratings repeating a “sell (e+)”; and Wall Street Zen cutting from “hold” to “sell.” MarketBeat data cited an average rating of “Moderate Buy” and a consensus target price of $9.12.
Creek Drive Management Group LLC, a San Francisco boutique fund with about $134 million in assets, quietly bought 147,500 shares of Remitly Global (RELY) last quarter, a stake worth roughly $2.04 million, according to Watchlist News. The move is one of four new or expanded positions the firm disclosed in its latest 13F filing, spanning fintech, physical payments, media, and clean energy.
Creek Drive is led by Kevin Mak, a Stanford lecturer who built the firm around a "dislocation is opportunity" philosophy, per Creek Drive Capital Management. Its latest bets land across sectors that have each seen outsized volatility heading into mid-2026.
Remitly Bet Joins a Wave of Institutional Buying
Creek Drive's 147,500 RELY shares make up about 1.4% of its portfolio and represent roughly 0.07% of Remitly's outstanding stock, according to Watchlist News. The position is modest on its own, but it fits a broader pattern of institutional accumulation. Baillie Gifford & Co. grew its own Remitly stake by 48.2% during the same period, reaching 11,658,558 shares worth about $160.9 million, per MarketBeat.
Remitly operates in the global remittance market — the business of sending money across borders. That market has direct impact on millions of migrant families worldwide. The growing institutional interest suggests large money managers see structural tailwinds in cross-border payments, even as the stock remains volatile.
Trump Media Position Draws Ratings Disagreement
Creek Drive added 250,000 shares of Trump Media & Technology Group (DJT), worth about $3.31 million, making it the fund's 15th-largest position, according to Fintel. Institutional investors as a whole own just 4.29% of DJT's stock. Several large funds increased exposure in the same period, suggesting professional traders are using the stock for event-driven plays rather than long-term conviction.
Not everyone is buying in. Weiss Ratings reiterated a "Sell (D-)" on DJT as recently as May 4, 2026, per MarketBeat. The rating implies near-total downside and reflects the view that the stock is untethered from basic financial fundamentals. The split between buyers and skeptics remains sharp.
CPI Card Group Gets an Upgrade as Creek Drive Adds Shares
Creek Drive bought 30,000 shares of CPI Card Group (PMTS), worth about $440,000, giving it roughly 0.26% of the company. Institutional investors collectively own 22.08% of PMTS, according to Fintel. Other funds moved at the same time — Aristeia Capital opened a new $597,000 position, Trexquant raised its stake by 118.4%, and Monimus grew its holding by 131.2%.
Analyst sentiment shifted upward during the period. Wall Street Zen upgraded PMTS from "Buy" to "Strong-Buy" on June 6, 2026, citing strong financial and value scores, per MarketBeat. Weiss Ratings also moved the stock from "Sell (D+)" to "Hold (C-)" — still cautious, but a meaningful step in the right direction.
T1 Energy Analysts Split After KORE Power Deal
Creek Drive also initiated a 118,000-share position in T1 Energy (TE), worth about $788,000. Institutional investors own a hefty 52.31% of the company's shares, according to MarketBeat. The consensus price target sits at $9.12, implying meaningful upside from current levels. Needham maintained a "Buy" with an $8.00 target, and BTIG matched that call on May 12, per Unusual Whales.
But not all analysts agree. Bernstein's Sunaina Ocalan started coverage on June 17 with a neutral "Market Perform" and a $9.00 target. Wall Street Zen cut its rating from "Hold" to "Sell," and Weiss Ratings repeated a "Sell (E+)," per MarketBeat. The divide sharpened after T1 Energy announced a deal to acquire KORE Power on June 3, a push into energy storage that some see as a catalyst and others view as an expensive stretch, according to Quiver Quantitative.
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