Paul Singer’s portfolio: Elliott Investment Management 13F holdings
Quarterly SEC 13F-HR filingsCIK 0001791786Latest: Q2 2026
Q3 2025 filing in brief
In its Q3 2025 13F, filed November 14, 2025, Elliott Investment Management reported $22.7B across 35 US positions. The largest: TFPM (17.2%), PSX (11.5%), SU (9.7%), LUV (7.2%), PINS (4.0%). In the quarter it opened 13 positions, sold out of 9, added to 4 and trimmed 2; positions opened and sold out came to 35.7% 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 Nov 14, 2025
- 13 New
- 4 Added
- 2 Trimmed
- 9 Exited
35 positions at September 30, 2025. Q/Q change compares shares with the preceding quarter.
| Row | Ticker | Issuer | Status | ||||
|---|---|---|---|---|---|---|---|
| 1 | TFPM | TRIPLE FLAG PRECIOUS METAL | $3.9B | 133.8M | 17.23% | 0.0% | Held |
| 2 | PSX | PHILLIPS 66 | $2.6B | 19.3M | 11.52% | 0.0% | Held |
| 3 | SU | SUNCOR ENERGY INC NEW | $2.2B | 52.7M | 9.69% | 0.0% | Held |
| 4 | LUV | SOUTHWEST AIRLS CO | $1.6B | 51.1M | 7.18% | −5.3% | Trimmed |
| 5 | QQQ | INVESCO QQQ TRput option | $1.2B | 2.0M | 5.28% | 0.0% | Held |
| 6 | XLP | SELECT SECTOR SPDR TRput option | $1.2B | 15.0M | 5.17% | — | New |
| 7 | XLI | SELECT SECTOR SPDR TRput option | $1.2B | 7.5M | 5.09% | +114.3% | Added |
| 8 | IWD | ISHARES TRput option | $1.0B | 5.0M | 4.48% | 0.0% | Held |
| 9 | PINS | PINTEREST INC | $901M | 28.0M | 3.96% | 0.0% | Held |
| 10 | GDX | VANECK ETF TRUSTput option | $879M | 11.5M | 3.87% | +187.5% | Added |
| 11 | NVDA | NVIDIA CORPORATIONput option | $808M | 4.3M | 3.56% | +67.8% | Added |
| 12 | QQQ | INVESCO QQQ TRcall option | $750M | 1.3M | 3.30% | — | New |
| 13 | XLE | SELECT SECTOR SPDR TRput option | $715M | 8.0M | 3.15% | — | New |
| 14 | HPE | HEWLETT PACKARD ENTERPRISE C | $458M | 18.6M | 2.01% | 0.0% | Held |
| 15 | UNIT | UNITI GROUP LLC | $361M | 59.0M | 1.59% | — | New |
| 16 | ETSY | ETSY INC | $332M | 5.0M | 1.46% | 0.0% | Held |
| 17 | XOP | SPDR SERIES TRUSTput option | $317M | 2.4M | 1.40% | — | New |
| 18 | HYG | ISHARES TR | $309M | 3.8M | 1.36% | 0.0% | Held |
| 19 | XLV | SELECT SECTOR SPDR TRput option | $278M | 2.0M | 1.23% | — | New |
| 20 | IGV | ISHARES TRput option | $230M | 2.0M | 1.01% | — | New |
| 21 | PEP | PEPSICO INC | $179M | 1.3M | 0.79% | — | New |
| 22 | DLR | DIGITAL RLTY TR INCput option | $173M | 1.0M | 0.76% | +33.3% | Added |
| 23 | BILL | BILL HOLDINGS INC | $159M | 3.0M | 0.70% | — | New |
| 24 | XME | SPDR SERIES TRUSTput option | $130M | 1.4M | 0.57% | −50.9% | Trimmed |
| 25 | CCI | CROWN CASTLE INC | $118M | 1.2M | 0.52% | 0.0% | Held |
| 26 | EQIX | EQUINIX INC | $117M | 150.0K | 0.52% | 0.0% | Held |
| 27 | IGV | ISHARES TRcall option | $115M | 1.0M | 0.51% | — | New |
| 28 | — | SEADRILL LTD | $112M | 3.7M | 0.49% | 0.0% | Held |
| 29 | — | SENSATA TECHNOLOGIES HLDG PL | $99M | 3.3M | 0.44% | 0.0% | Held |
| 30 | OR | OR ROYALTIES INC. | $87M | 2.2M | 0.38% | 0.0% | Held |
| 31 | WPM | WHEATON PRECIOUS METALS CORPput option | $73M | 650.0K | 0.32% | — | New |
| 32 | MSTR 0.625 03/15/30 | STRATEGY INC | $36M | 16.0M | 0.16% | 0.0% | Held |
| 33 | W 3.5 11/15/28 | WAYFAIR INC | $31M | 15.0M | 0.14% | 0.0% | Held |
| 34 | GLIBK | GCI LIBERTY INC | $18M | 476.9K | 0.08% | — | New |
| 35 | OXLC | OXFORD LANE CAP CORP | $17M | 1.0M | 0.08% | — | New |
9 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 | $1.3B | 2.2M |
| PEP | PEPSICO INCput option | $528M | 4.0M |
| SMH | VANECK ETF TRUSTput option | $279M | 1.0M |
| LBRDK | LIBERTY BROADBAND CORP | $235M | 2.4M |
| IWM | ISHARES TRput option | $216M | 1.0M |
| WDC | WESTERN DIGITAL CORP | $144M | 2.3M |
| HLT | HILTON WORLDWIDE HLDGS INCput option | $85M | 320.0K |
| — | UNITI GROUP INC | $44M | 10.1M |
| SNDK | SANDISK CORP | $34M | 750.0K |
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.