Elliott Investment Management In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Paul Singer's Elliott Investment Management reported 26 stock positions worth $10.0 billion . Its top holding was Triple Flag Precious Met (TFPM) at 20.6% of the portfolio, followed by Suncor Energy (SU, 20.0% ) and Marathon Petroleum (MPC, 12.7% ). Compared with Q1 2024, it opened 3 new positions, sold out of 6, added to 5 and reduced 1. The biggest buy was Match (MTCH, shares +184% ) and the biggest sale an exit from Constellation Brands Class A (STZ).
Notable People Paul Singer
Location WEST PALM BEACH, FL
CIK 0001791786
Portfolio Value $10.0B (Q2 2024) Holdings 26 stocks · $10.0B 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 Q1 2024 TFPM Triple Flag Precious Met 133,815,727 $2.1B No change SU Suncor Energy Inc. 52,670,800 $2.0B No change MPC Marathon Petroleum Corp. 7,365,000 $1.3B No change PINS Pinterest Inc. Class A 28,000,000 $1.2B No change NRG NRG Energy Inc. 10,359,000 $806.6M No change MTCH Match Group Inc. 11,705,013 $355.6M Add +183.8% BMRN Biomarin Pharmaceutical Inc. 3,500,338 $288.2M No change ETSY Etsy Inc. 4,500,000 $265.4M Add +100.0% CTLT Catalent Inc. 4,000,000 $224.9M No change SDRL Seadrill Limited 4,050,984 $208.6M Reduce -28.7% CAH Cardinal Health Inc. 2,000,000 $196.6M No change LUV Southwest Airlines Co. 6,000,000 $171.7M New ETWO E2OPEN Parent Holdings Inc. 27,250,000 $122.4M No change ST Sensata Technologies Holdplc 3,250,000 $121.5M New LBRDK Liberty Broadband-C 2,192,858 $120.2M Add +29.0% CCI Crown Castle Inc. 1,225,000 $119.7M No change PSX Phillips 66 775,000 $109.4M No change WDC Western Digital Corp. 1,185,000 $89.8M No change HYG Ishr Ibx Usd Hiyld CB ETF-Ui 1,020,000 $78.7M No change RIG Transocean Ltd. 11,870,319 $63.5M Add +21.7% HDB HDFC Bank Ltd.-ADR 633,724 $40.8M Add +14.1% UNIT Uniti Group LLC Com SHS 10,120,963 $29.6M No change ARM Arm Holdings PLC-ADR 150,000 $24.5M New HWM Howmet Aerospace Inc. 100,000 $7.8M No change CRMD Cormedix Inc. 1,550,523 $6.7M No change BHC Bausch Health Cos Inc. 11,500 $80K No change
Options reported separately and not counted above: QQQ puts ($2.8B), XLE puts ($1.3B), OIH puts ($458.5M), IBB puts ($384.3M), RSP puts ($316.2M), XLF puts ($308.3M), XME puts ($296.6M), IWM puts ($202.9M), JETS puts ($186.8M), GDX puts ($169.7M), BHP calls ($142.7M), AAL puts ($130.3M), and 5 more.
Other holdings (11): bonds, preferreds, convertibles and warrants · $359.1M (not counted above) Security Class Shares / Principal Value Change MICROSTRATEGY INC (MSTR 0.75 12/15/25) NOTE 0.750%12/1 · principal 27,500,000 $95.2M Reduce -34.4% BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) NOTE 0.750% 5/0 · principal 25,000,000 $52.6M No change RAPID7 INC (RPD 0.25 03/15/27) NOTE 0.250% 3/1 · principal 41,500,000 $37.4M No change RINGCENTRAL INC (RNG 0 03/15/26) NOTE 3/1 · principal 40,000,000 $36.2M Reduce -44.8% BILL HOLDINGS INC (BILL 0 04/01/27) NOTE 4/0 · principal 42,000,000 $35.7M No change UNITY SOFTWARE INC (U 0 11/15/26) NOTE 11/1 · principal 35,000,000 $30.2M Reduce -22.2% WAYFAIR INC (W 3.5 11/15/28) NOTE 3.500%11/1 · principal 15,000,000 $20.8M New CONFLUENT INC (CFLT 0 01/15/27) NOTE 1/1 · principal 20,000,000 $17.3M Reduce -42.9% ON SEMICONDUCTOR CORP (ON 0 05/01/27) NOTE 5/0 · principal 10,000,000 $14.0M No change BLACKLINE INC (BL 0 03/15/26) NOTE 3/1 · principal 15,100,000 $13.8M Reduce -16.1% MICROSTRATEGY INC (MSTR 0 02/15/27) NOTE 2/1 · principal 5,000,000 $6.0M No change
Total filed on the 13F, all lines: $10.4B.
Portfolio Sells Q1 2024 → Q2 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 Q1 2024 % Of Portfolio Change To Portfolio ▲ STZ Constellation Brands Inc. Class A Sold out 0.00% −1.45 EDR Endeavor Group Hold Class A Sold out 0.00% −1.11 BTU Peabody Energy Corp. Sold out 0.00% −0.95 SDRL Seadrill Limited Reduce -28.7% 2.08% −0.92 IBIT iShares Bitcoin Trust ETF Sold out 0.00% −0.13 NVDA Nvidia Corp. Sold out 0.00% −0.05 POLESTAR AUTOMOTIVE HLDG UK Sold out 0.00% −0.02
Portfolio Buys Q1 2024 → Q2 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 Q1 2024 % Of Portfolio Change To Portfolio ▼ MTCH Match Group Inc. Add +183.8% 3.54% +1.97 LUV Southwest Airlines Co. New 1.71% +1.71 ST Sensata Technologies Holdplc New 1.21% +1.21 ETSY Etsy Inc. Add +100.0% 2.64% +1.02 ARM Arm Holdings PLC-ADR New 0.24% +0.24 LBRDK Liberty Broadband-C Add +29.0% 1.20% +0.18 HDB HDFC Bank Ltd.-ADR Add +14.1% 0.41% +0.08 RIG Transocean Ltd. Add +21.7% 0.63% −0.01
Options Activity Q1 2024 → Q2 2024 Security Type Change vs Q1 2024 Underlying Shares Value ▼ QQQ Invesco QQQ Trust Series 1 put Add +52.8% 5,910,000 $2.8B XLE SS Energy Select Sector put Reduce -6.5% 14,500,000 $1.3B OIH Vaneck Oil Services ETF put Reduce -14.7% 1,450,000 $458.5M XRT SS SPDR S&P Retail ETF put Sold out 5,000,000 $394.9Mbefore exit IBB iShares Biotechnology ETF put Add +24.4% 2,800,000 $384.3M VLO Valero Energy Corp. call Sold out 2,000,000 $341.4Mbefore exit RSP Invesco S&P 500 Equal Weight put New 1,925,000 $316.2M XLF SS Financial Select Sector put Reduce -25.0% 7,500,000 $308.3M IWM iShares Russell 2000 ETF put New 1,000,000 $202.9M JETS US Global Jets ETF put Add +660.0% 9,500,000 $186.8M GDX Vaneck Gold Miners ETF put New 5,000,000 $169.7M LQD Ishr Ibx Usd Invgd CB ETF-Ui call Sold out 1,500,000 $163.4Mbefore exit BHP BHP Group Ltd.-Spon ADR call New 2,500,000 $142.7M AAL American Airlines Group Inc. put New 11,500,000 $130.3M XBI SS SPDR S&P Biotech ETF put Sold out 1,125,000 $106.8Mbefore exit VNQ Vanguard Real Estate ETF call Sold out 1,050,000 $90.8Mbefore exit DLR Digital Realty Trust Inc. put Sold out 400,000 $57.6Mbefore exit EQIX Equinix Inc. put Sold out 50,000 $41.3Mbefore exit UAL United Airlines Holdings Inc. put New 700,000 $34.1M SNAP Snap Inc. Class A put New 2,000,000 $33.2M HST Host Hotels & Resorts Inc. put New 500,000 $9.0M PK Park Hotels & Resorts Inc. put New 500,000 $7.5M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2024 → Q2 2024 Security Class Change vs Q1 2024 Shares / Principal Value ▼ MICROSTRATEGY INC (MSTR 0.75 12/15/25) NOTE 0.750%12/1 · principal Reduce -34.4% 27,500,000 $95.2M RINGCENTRAL INC (RNG 0 03/15/26) NOTE 3/1 · principal Reduce -44.8% 40,000,000 $36.2M UNITY SOFTWARE INC (U 0 11/15/26) NOTE 11/1 · principal Reduce -22.2% 35,000,000 $30.2M WAYFAIR INC (W 3.5 11/15/28) NOTE 3.500%11/1 · principal New 15,000,000 $20.8M Q2 HOLDINGS INC (QTWO 0.125 11/15/25) NOTE 0.125%11/1 · principal Sold out 19,323,000 $17.9Mbefore exit CONFLUENT INC (CFLT 0 01/15/27) NOTE 1/1 · principal Reduce -42.9% 20,000,000 $17.3M BLACKLINE INC (BL 0 03/15/26) NOTE 3/1 · principal Reduce -16.1% 15,100,000 $13.8M
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