Paul Singer’s portfolio: Elliott Investment Management 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001791786Latest: Q2 2026
Q2 2025 filing in brief
In its Q2 2025 13F, filed August 14, 2025, Elliott Investment Management reported $18.1B across 31 US positions. The largest: TFPM (17.5%), PSX (12.7%), SU (10.9%), LUV (9.7%), PINS (5.5%). In the quarter it opened 8 positions, sold out of 18, added to 6 and trimmed 2; positions opened and sold out came to 27.2% 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 Aug 14, 2025
- 8 New
- 6 Added
- 2 Trimmed
- 18 Exited
31 positions at June 30, 2025. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | TFPM | TRIPLE FLAG PRECIOUS METAL | $3.2B | 133.8M | 17.49% | 0.0% | Held |
| 2 | PSX | PHILLIPS 66 | $2.3B | 19.3M | 12.67% | +22.4% | Added |
| 3 | SU | SUNCOR ENERGY INC NEW | $2.0B | 52.7M | 10.88% | 0.0% | Held |
| 4 | LUV | SOUTHWEST AIRLS CO | $1.8B | 54.0M | 9.66% | 0.0% | Held |
| 5 | SPY | SPDR S&P 500 ETF TRput option | $1.3B | 2.2M | 7.36% | — | New |
| 6 | QQQ | INVESCO QQQ TRput option | $1.1B | 2.0M | 6.09% | +24.0% | Added |
| 7 | PINS | PINTEREST INC | $1.0B | 28.0M | 5.54% | 0.0% | Held |
| 8 | IWD | ISHARES TRput option | $971M | 5.0M | 5.36% | −9.1% | Trimmed |
| 9 | PEP | PEPSICO INCput option | $528M | 4.0M | 2.91% | — | New |
| 10 | XLI | SELECT SECTOR SPDR TRput option | $516M | 3.5M | 2.85% | −72.0% | Trimmed |
| 11 | NVDA | NVIDIA CORPORATIONput option | $408M | 2.6M | 2.25% | — | New |
| 12 | HPE | HEWLETT PACKARD ENTERPRISE C | $381M | 18.6M | 2.10% | — | New |
| 13 | HYG | ISHARES TR | $306M | 3.8M | 1.69% | — | New |
| 14 | SMH | VANECK ETF TRUSTput option | $279M | 1.0M | 1.54% | — | New |
| 15 | ETSY | ETSY INC | $251M | 5.0M | 1.38% | 0.0% | Held |
| 16 | LBRDK | LIBERTY BROADBAND CORP | $235M | 2.4M | 1.29% | 0.0% | Held |
| 17 | IWM | ISHARES TRput option | $216M | 1.0M | 1.19% | +100.0% | Added |
| 18 | GDX | VANECK ETF TRUSTput option | $208M | 4.0M | 1.15% | +100.0% | Added |
| 19 | XME | SPDR SERIES TRUSTput option | $192M | 2.9M | 1.06% | +111.1% | Added |
| 20 | WDC | WESTERN DIGITAL CORP | $144M | 2.3M | 0.79% | 0.0% | Held |
| 21 | DLR | DIGITAL RLTY TR INCput option | $131M | 750.0K | 0.72% | — | New |
| 22 | CCI | CROWN CASTLE INC | $126M | 1.2M | 0.69% | 0.0% | Held |
| 23 | EQIX | EQUINIX INC | $119M | 150.0K | 0.66% | 0.0% | Held |
| 24 | — | SENSATA TECHNOLOGIES HLDG PL | $98M | 3.3M | 0.54% | 0.0% | Held |
| 25 | — | SEADRILL LTD | $97M | 3.7M | 0.54% | 0.0% | Held |
| 26 | HLT | HILTON WORLDWIDE HLDGS INCput option | $85M | 320.0K | 0.47% | +60.0% | Added |
| 27 | OR | OR ROYALTIES INC. | $56M | 2.2M | 0.31% | — | New |
| 28 | MSTR 0.625 03/15/30 | MICROSTRATEGY INC | $44M | 16.0M | 0.25% | 0.0% | Held |
| 29 | — | UNITI GROUP INC | $44M | 10.1M | 0.24% | 0.0% | Held |
| 30 | SNDK | SANDISK CORP | $34M | 750.0K | 0.19% | 0.0% | Held |
| 31 | W 3.5 11/15/28 | WAYFAIR INC | $20M | 15.0M | 0.11% | 0.0% | Held |
18 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 |
|---|---|---|---|
| BMRN | BIOMARIN PHARMACEUTICAL INC | $247M | 3.5M |
| MTCH | MATCH GROUP INC NEW | $187M | 6.0M |
| CSCO | CISCO SYS INCput option | $123M | 2.0M |
| TXN | TEXAS INSTRS INCcall option | $90M | 500.0K |
| XOP | SPDR SER TRput option | $73M | 557.2K |
| BKNG 0.75 05/01/25 | BOOKING HOLDINGS INC | $61M | 25.0M |
| ETWOGBP | E2OPEN PARENT HOLDINGS INC | $55M | 27.3M |
| MAR | MARRIOTT INTL INC NEWput option | $48M | 200.0K |
| OR | OSISKO GOLD ROYALTIES LTD | $46M | 2.2M |
| HDB | HDFC BANK LTD | $45M | 670.2K |
| RPD 0.25 03/15/27 | RAPID7 INC | $38M | 41.5M |
| — | TRANSOCEAN LTD | $38M | 11.9M |
| CRMD | CORMEDIX INC | $15M | 2.4M |
| ARM | ARM HOLDINGS PLC | $15M | 139.6K |
| HWM | HOWMET AEROSPACE INC | $13M | 100.0K |
| BL 0 03/15/26 | BLACKLINE INC | $4M | 4.5M |
| WOLF 1.875 12/01/29 | WOLFSPEED INC | $3M | 12.5M |
| WOLF 0.25 02/15/28 | WOLFSPEED INC | $2M | 7.5M |
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.