Elliott Investment Management In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Paul Singer's Elliott Investment Management reported 29 stock positions worth $9.5 billion . Its top holding was Suncor Energy (SU) at 20.4% of the portfolio, followed by Triple Flag Precious Met (TFPM, 20.3% ) and Marathon Petroleum (MPC, 15.6% ). Compared with Q4 2023, it opened 4 new positions, sold out of 4, added to 5 and reduced 4. The biggest buy was Suncor Energy (SU, shares +427% ) and the biggest sale Marathon Petroleum (MPC, shares −33% ).
Notable People Paul Singer
Location WEST PALM BEACH, FL
CIK 0001791786
Portfolio Value $9.5B (Q1 2024) Holdings 29 stocks · $9.5B Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2023 SU Suncor Energy Inc. 52,670,800 $1.9B Add +426.7% TFPM Triple Flag Precious Met 133,815,727 $1.9B No change MPC Marathon Petroleum Corp. 7,365,000 $1.5B Reduce -33.4% PINS Pinterest Inc. Class A 28,000,000 $970.8M No change NRG NRG Energy Inc. 10,359,000 $701.2M No change BMRN Biomarin Pharmaceutical Inc. 3,500,338 $305.7M Add +16.7% SDRL Seadrill Limited 5,681,926 $285.8M Reduce -8.8% CTLT Catalent Inc. 4,000,000 $225.8M No change CAH Cardinal Health Inc. 2,000,000 $223.8M No change ETSY Etsy Inc. 2,250,000 $154.6M Add +18.4% MTCH Match Group Inc. 4,125,000 $149.7M Add +37.5% STZ Constellation Brands Inc. Class A 507,000 $137.8M No change CCI Crown Castle Inc. 1,225,000 $129.6M No change PSX Phillips 66 775,000 $126.6M No change ETWO E2OPEN Parent Holdings Inc. 27,250,000 $121.0M No change EDR Endeavor Group Hold Class A 4,100,000 $105.5M No change LBRDK Liberty Broadband-C 1,700,000 $97.3M Add +6.3% BTU Peabody Energy Corp. 3,740,000 $90.7M Reduce -71.6% WDC Western Digital Corp. 1,185,000 $80.9M No change HYG Ishr Ibx Usd Hiyld CB ETF-Ui 1,020,000 $79.3M No change RIG Transocean Ltd. 9,751,026 $61.2M New UNIT Uniti Group LLC Com SHS 10,120,963 $59.7M No change HDB HDFC Bank Ltd.-ADR 555,242 $31.1M New IBIT iShares Bitcoin Trust ETF 296,010 $12.0M New HWM Howmet Aerospace Inc. 100,000 $6.8M Reduce -95.8% CRMD Cormedix Inc. 1,550,523 $6.6M No change NVDA Nvidia Corp. 5,000 $4.5M New POLESTAR AUTOMOTIVE HLDG UK 1,121,604 $1.7M No change BHC Bausch Health Cos Inc. 11,500 $122K No change
Options reported separately and not counted above: QQQ puts ($1.7B), XLE puts ($1.5B), OIH puts ($571.8M), XLF puts ($421.2M), XRT puts ($394.9M), VLO calls ($341.4M), IBB puts ($308.7M), XME puts ($301.4M), LQD calls ($163.4M), XBI puts ($106.8M), TLT calls ($94.6M), VNQ calls ($90.8M), and 3 more.
Other holdings (11): bonds, preferreds, convertibles and warrants · $489.3M (not counted above) Security Class Shares / Principal Value Change MICROSTRATEGY INC (MSTR 0.75 12/15/25) NOTE 0.750%12/1 · principal 41,900,000 $179.6M Add +249.2% RINGCENTRAL INC (RNG 0 03/15/26) NOTE 3/1 · principal 72,500,000 $65.1M Reduce -12.1% BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) NOTE 0.750% 5/0 · principal 25,000,000 $48.3M New UNITY SOFTWARE INC (U 0 11/15/26) NOTE 11/1 · principal 45,000,000 $38.1M Reduce -4.3% RAPID7 INC (RPD 0.25 03/15/27) NOTE 0.250% 3/1 · principal 41,500,000 $36.5M No change BILL HOLDINGS INC (BILL 0 04/01/27) NOTE 4/0 · principal 42,000,000 $36.1M Reduce -6.7% CONFLUENT INC (CFLT 0 01/15/27) NOTE 1/1 · principal 35,000,000 $30.0M Reduce -17.6% Q2 HOLDINGS INC (QTWO 0.125 11/15/25) NOTE 0.125%11/1 · principal 19,323,000 $17.9M No change BLACKLINE INC (BL 0 03/15/26) NOTE 3/1 · principal 18,000,000 $16.3M Reduce -28.0% ON SEMICONDUCTOR CORP (ON 0 05/01/27) NOTE 5/0 · principal 10,000,000 $14.7M New MICROSTRATEGY INC (MSTR 0 02/15/27) NOTE 2/1 · principal 5,000,000 $6.8M No change
Total filed on the 13F, all lines: $10.0B.
Portfolio Sells Q4 2023 → Q1 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▲ MPC Marathon Petroleum Corp. Reduce -33.4% 15.57% −4.26 BTU Peabody Energy Corp. Reduce -71.6% 0.95% −2.91 LQD Ishr Ibx Usd Invgd CB ETF-Ui Sold out 0.00% −2.64 FIS Fidelity National Info Serv Sold out 0.00% −1.52 HWM Howmet Aerospace Inc. Reduce -95.8% 0.07% −1.50 SDRL Seadrill Limited Reduce -8.8% 3.00% −0.56 VAL Valaris Ltd. Sold out 0.00% −0.17 RSVR Reservoir Media Inc. Sold out 0.00% −0.05
Portfolio Buys Q4 2023 → Q1 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▼ SU Suncor Energy Inc. Add +426.7% 20.39% +16.52 RIG Transocean Ltd. New 0.64% +0.64 HDB HDFC Bank Ltd.-ADR New 0.33% +0.33 MTCH Match Group Inc. Add +37.5% 1.57% +0.25 IBIT iShares Bitcoin Trust ETF New 0.13% +0.13 NVDA Nvidia Corp. New 0.05% +0.05 ETSY Etsy Inc. Add +18.4% 1.62% −0.24 BMRN Biomarin Pharmaceutical Inc. Add +16.7% 3.21% −0.29 LBRDK Liberty Broadband-C Add +6.3% 1.02% −0.54
Options Activity Q4 2023 → Q1 2024 Security Type Change vs Q4 2023 Underlying Shares Value ▼ QQQ Invesco QQQ Trust Series 1 put Reduce -50.0% 3,867,900 $1.7B XLE SS Energy Select Sector put Reduce -11.4% 15,500,000 $1.5B QQQ Invesco QQQ Trust Series 1 call Sold out 3,000,000 $1.2Bbefore exit OIH Vaneck Oil Services ETF put Reduce -10.5% 1,700,000 $571.8M XLF SS Financial Select Sector put Add +33.3% 10,000,000 $421.2M IWM iShares Russell 2000 ETF put Sold out 1,950,000 $391.4Mbefore exit VLO Valero Energy Corp. call New 2,000,000 $341.4M IBB iShares Biotechnology ETF put Reduce -64.0% 2,250,000 $308.7M XLV SS Health Care Select Sector put Sold out 2,055,000 $280.3Mbefore exit VNQ Vanguard Real Estate ETF put Sold out 2,150,000 $190.0Mbefore exit DIA SS SPDR Dow Jones Indus Avg put Sold out 450,000 $169.6Mbefore exit MAR Marriott International Class A put Sold out 750,000 $169.1Mbefore exit LQD Ishr Ibx Usd Invgd CB ETF-Ui call New 1,500,000 $163.4M XBI SS SPDR S&P Biotech ETF put Add +275.0% 1,125,000 $106.8M TLT iShares 20+ Year Treasury BD call New 1,000,000 $94.6M VNQ Vanguard Real Estate ETF call New 1,050,000 $90.8M DLR Digital Realty Trust Inc. put Reduce -20.0% 400,000 $57.6M EQIX Equinix Inc. put Add +77.9% 50,000 $41.3M SNAP Snap Inc. Class A put Sold out 2,000,000 $33.9Mbefore exit JETS US Global Jets ETF put Add +25.0% 1,250,000 $26.3M MTCH Match Group Inc. call Sold out 229,200 $8.4Mbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q4 2023 → Q1 2024 Security Class Change vs Q4 2023 Shares / Principal Value ▼ PALO ALTO NETWORKS (PANW 0.375 06/01/25) NOTE 0.375% 6/0 · principal Sold out 175,000,000 $518.8Mbefore exit MICROSTRATEGY INC (MSTR 0.75 12/15/25) NOTE 0.750%12/1 · principal Add +249.2% 41,900,000 $179.6M RINGCENTRAL INC (RNG 0 03/15/26) NOTE 3/1 · principal Reduce -12.1% 72,500,000 $65.1M BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) NOTE 0.750% 5/0 · principal New 25,000,000 $48.3M UNITY SOFTWARE INC (U 0 11/15/26) NOTE 11/1 · principal Reduce -4.3% 45,000,000 $38.1M BILL HOLDINGS INC (BILL 0 04/01/27) NOTE 4/0 · principal Reduce -6.7% 42,000,000 $36.1M CONFLUENT INC (CFLT 0 01/15/27) NOTE 1/1 · principal Reduce -17.6% 35,000,000 $30.0M BLACKLINE INC (BL 0 03/15/26) NOTE 3/1 · principal Reduce -28.0% 18,000,000 $16.3M ON SEMICONDUCTOR CORP (ON 0 05/01/27) NOTE 5/0 · principal New 10,000,000 $14.7M Q2 HOLDINGS INC (QTWO 0.75 06/01/26) NOTE 0.750% 6/0 · principal Sold out 10,000,000 $9.1Mbefore exit TELADOC HEALTH INC (TDOC 1.25 06/01/27) NOTE 1.250% 6/0 · principal Sold out 10,000,000 $8.2Mbefore exit
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 17 $14.3B TFPM, PSX, SU, HPE, LUV Q1 2026 17 $15.9B TFPM, PSX, SU, LUV, HPE Q4 2025 19 $14.5B TFPM, PSX, SU, LUV, PINS Q3 2025 18 $13.6B TFPM, PSX, SU, LUV, PINS Q2 2025 Amended 17 $12.1B TFPM, PSX, SU, LUV, PINS Q1 2025 23 $10.9B TFPM, SU, PSX, LUV, PINS Q4 2024 Amended 22 $9.0B TFPM, LUV, SU, PINS, NRG Q3 2024 25 $10.4B TFPM, SU, LUV, PINS, NRG Q2 2024 26 $10.0B TFPM, SU, MPC, PINS, NRG Q1 2024 29 $9.5B SU, TFPM, MPC, PINS, NRG