Paul Singer’s portfolio: Elliott Investment Management 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001791786Latest: Q2 2026
Q1 2025 filing in brief
In its Q1 2025 13F, filed May 15, 2025, Elliott Investment Management reported $15.2B across 41 US positions. The largest: TFPM (16.9%), SU (13.5%), PSX (12.8%), LUV (12.0%), PINS (5.7%). In the quarter it opened 8 positions, sold out of 12, added to 3 and trimmed 7; positions opened and sold out came to 47.9% of the portfolio's value.
Methodology
Holdings come from the manager’s Form 13F-HR filings on SEC EDGAR, with amendments applied. Values and shares are reported at quarter-end; the filing date is when the report became public. These disclosures show reported long positions and listed options, not the manager’s entire portfolio or its trades since quarter-end.
Quarterly changes compare shares with the immediately preceding quarter on file. New and exited positions appear or disappear; added and trimmed positions change their share count by more than 1%. A share change can also reflect a stock split or other corporate action.
Opened and sold out is the value of new positions plus the prior value of exited positions, divided by the average of the two quarters’ reported portfolio values. It excludes changes to positions still held. Reported value growth includes price changes and is not a measure of investment performance. Largest-five and largest-ten weights exclude options.
Holdings
Filed May 15, 2025
- 8 New
- 3 Added
- 7 Trimmed
- 12 Exited
41 positions at March 31, 2025. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | TFPM | TRIPLE FLAG PRECIOUS METAL | $2.6B | 133.8M | 16.91% | 0.0% | Held |
| 2 | SU | SUNCOR ENERGY INC NEW | $2.0B | 52.7M | 13.46% | 0.0% | Held |
| 3 | PSX | PHILLIPS 66 | $1.9B | 15.7M | 12.81% | +1929.0% | Added |
| 4 | LUV | SOUTHWEST AIRLS CO | $1.8B | 54.0M | 11.96% | −9.5% | Trimmed |
| 5 | XLI | SELECT SECTOR SPDR TRput option | $1.6B | 12.5M | 10.81% | +316.7% | Added |
| 6 | IWD | ISHARES TRput option | $1.0B | 5.5M | 6.83% | — | New |
| 7 | PINS | PINTEREST INC | $868M | 28.0M | 5.73% | 0.0% | Held |
| 8 | QQQ | INVESCO QQQ TRput option | $756M | 1.6M | 4.99% | −23.7% | Trimmed |
| 9 | BMRN | BIOMARIN PHARMACEUTICAL INC | $247M | 3.5M | 1.63% | 0.0% | Held |
| 10 | ETSY | ETSY INC | $236M | 5.0M | 1.56% | 0.0% | Held |
| 11 | LBRDK | LIBERTY BROADBAND CORP | $203M | 2.4M | 1.34% | 0.0% | Held |
| 12 | MTCH | MATCH GROUP INC NEW | $187M | 6.0M | 1.24% | −50.2% | Trimmed |
| 13 | CCI | CROWN CASTLE INC | $128M | 1.2M | 0.84% | 0.0% | Held |
| 14 | CSCO | CISCO SYS INCput option | $123M | 2.0M | 0.81% | — | New |
| 15 | EQIX | EQUINIX INC | $122M | 150.0K | 0.81% | — | New |
| 16 | IWM | ISHARES TRput option | $100M | 500.0K | 0.66% | — | New |
| 17 | — | SEADRILL LTD | $93M | 3.7M | 0.61% | 0.0% | Held |
| 18 | GDX | VANECK ETF TRUSTput option | $92M | 2.0M | 0.61% | — | New |
| 19 | WDC | WESTERN DIGITAL CORP | $91M | 2.3M | 0.60% | 0.0% | Held |
| 20 | TXN | TEXAS INSTRS INCcall option | $90M | 500.0K | 0.59% | 0.0% | Held |
| 21 | — | SENSATA TECHNOLOGIES HLDG PL | $79M | 3.3M | 0.52% | 0.0% | Held |
| 22 | XME | SPDR SER TRput option | $76M | 1.4M | 0.50% | −50.0% | Trimmed |
| 23 | XOP | SPDR SER TRput option | $73M | 557.2K | 0.48% | +41.3% | Added |
| 24 | BKNG 0.75 05/01/25 | BOOKING HOLDINGS INC | $61M | 25.0M | 0.41% | 0.0% | Held |
| 25 | ETWOGBP | E2OPEN PARENT HOLDINGS INC | $55M | 27.3M | 0.36% | 0.0% | Held |
| 26 | — | UNITI GROUP INC | $51M | 10.1M | 0.34% | 0.0% | Held |
| 27 | MAR | MARRIOTT INTL INC NEWput option | $48M | 200.0K | 0.31% | 0.0% | Held |
| 28 | OR | OSISKO GOLD ROYALTIES LTD | $46M | 2.2M | 0.30% | — | New |
| 29 | HLT | HILTON WORLDWIDE HLDGS INCput option | $46M | 200.0K | 0.30% | 0.0% | Held |
| 30 | HDB | HDFC BANK LTD | $45M | 670.2K | 0.29% | 0.0% | Held |
| 31 | RPD 0.25 03/15/27 | RAPID7 INC | $38M | 41.5M | 0.25% | 0.0% | Held |
| 32 | — | TRANSOCEAN LTD | $38M | 11.9M | 0.25% | 0.0% | Held |
| 33 | SNDK | SANDISK CORP | $36M | 750.0K | 0.24% | — | New |
| 34 | MSTR 0.625 03/15/30 | MICROSTRATEGY INC | $33M | 16.0M | 0.22% | — | New |
| 35 | W 3.5 11/15/28 | WAYFAIR INC | $16M | 15.0M | 0.11% | 0.0% | Held |
| 36 | CRMD | CORMEDIX INC | $15M | 2.4M | 0.10% | −14.8% | Trimmed |
| 37 | ARM | ARM HOLDINGS PLC | $15M | 139.6K | 0.10% | −7.0% | Trimmed |
| 38 | HWM | HOWMET AEROSPACE INC | $13M | 100.0K | 0.09% | 0.0% | Held |
| 39 | BL 0 03/15/26 | BLACKLINE INC | $4M | 4.5M | 0.03% | −62.5% | Trimmed |
| 40 | WOLF 1.875 12/01/29 | WOLFSPEED INC | $3M | 12.5M | 0.02% | 0.0% | Held |
| 41 | WOLF 0.25 02/15/28 | WOLFSPEED INC | $2M | 7.5M | 0.01% | 0.0% | Held |
12 exited positions
Positions held in the preceding quarter and absent from this filing. Values and shares are from the preceding quarter.
| Ticker | Issuer | Previous value | Previous shares |
|---|---|---|---|
| SPY | SPDR S&P 500 ETF TRput option | $4.2B | 7.2M |
| XLE | SELECT SECTOR SPDR TRput option | $514M | 6.0M |
| NRG | NRG ENERGY INC | $433M | 4.8M |
| XLF | SELECT SECTOR SPDR TRput option | $338M | 7.0M |
| OIH | VANECK ETF TRUSTput option | $264M | 975.0K |
| NVDA | NVIDIA CORPORATIONput option | $195M | 1.4M |
| MSTR 0 02/15/27 | MICROSTRATEGY INC | $31M | 15.0M |
| RNG 0 03/15/26 | RINGCENTRAL INC | $17M | 18.0M |
| ON 0 05/01/27 | ON SEMICONDUCTOR CORP | $13M | 10.0M |
| CFLT 0 01/15/27 | CONFLUENT INC | $11M | 12.5M |
| — | ICON PLCcall option | $3M | 16.4K |
| BHC | BAUSCH HEALTH COS INC | $93K | 11.5K |
Every quarter on file (26)
From the manager’s Form 13F-HR filings on SEC EDGAR, amendments applied. Long US positions only; not a recommendation.