Elliott Investment Management
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Paul Singer's Elliott Investment Management reported 25 stock positions worth $10.4 billion. Its top holding was Triple Flag Precious Met (TFPM) at 20.8% of the portfolio, followed by Suncor Energy (SU, 18.6%) and Southwest Airlines (LUV, 17.4%). Compared with Q2 2024, it opened 1 new position, sold out of 2, added to 5 and reduced 2. The biggest buy was Southwest Airlines (LUV, shares +919%) and the biggest sale an exit from Marathon Petroleum (MPC).
- Most Recent 13F
- Q2 2026
- Notable People
- Paul Singer
- Location
- WEST PALM BEACH, FL
- CIK
- 0001791786
- Portfolio Value
- $10.4B (Q3 2024)
- SEC Filing
- 0001013594-24-000968 ↗ filed Nov 14, 2024
Holdings Value
Holdings 25 stocks · $10.4B
| TFPM Triple Flag Precious Met | 20.76% | 133,815,727 | $2.2B | No change |
| SU Suncor Energy Inc. | 18.64% | 52,670,800 | $1.9B | No change |
| LUV Southwest Airlines Co. | 17.37% | 61,116,500 | $1.8B | Add +918.6% |
| PINS Pinterest Inc. Class A | 8.69% | 28,000,000 | $906.4M | No change |
| NRG NRG Energy Inc. | 8.45% | 9,668,000 | $880.8M | Reduce -6.7% |
| MTCH Match Group Inc. | 4.37% | 12,054,832 | $456.2M | Add +3.0% |
| ETSY Etsy Inc. | 2.66% | 5,000,000 | $277.6M | Add +11.1% |
| BMRN Biomarin Pharmaceutical Inc. | 2.36% | 3,500,338 | $246.0M | No change |
| CTLT Catalent Inc. | 2.32% | 4,000,000 | $242.3M | No change |
| CAH Cardinal Health Inc. | 2.12% | 2,000,000 | $221.0M | No change |
| LBRDK Liberty Broadband-C | 1.77% | 2,384,481 | $184.3M | Add +8.7% |
| WDC Western Digital Corp. | 1.47% | 2,250,000 | $153.7M | Add +89.9% |
| SDRL Seadrill Limited | 1.41% | 3,703,746 | $147.2M | Reduce -8.6% |
| CCI Crown Castle Inc. | 1.39% | 1,225,000 | $145.3M | No change |
| ETWO E2OPEN Parent Holdings Inc. | 1.15% | 27,250,000 | $120.2M | No change |
| XLU St Sr Utl SL SE SPDR ETF-Usd | 1.13% | 1,460,000 | $117.9M | New |
| ST Sensata Technologies Holdplc | 1.12% | 3,250,000 | $116.5M | No change |
| PSX Phillips 66 | 0.98% | 775,000 | $101.9M | No change |
| UNIT Uniti Group LLC Com SHS | 0.55% | 10,120,963 | $57.1M | No change |
| RIG Transocean Ltd. | 0.48% | 11,870,319 | $50.4M | No change |
| HDB HDFC Bank Ltd.-ADR | 0.38% | 633,724 | $39.6M | No change |
| ARM Arm Holdings PLC-ADR | 0.21% | 150,000 | $21.5M | No change |
| CRMD Cormedix Inc. | 0.12% | 1,550,523 | $12.5M | No change |
| HWM Howmet Aerospace Inc. | 0.10% | 100,000 | $10.0M | No change |
| BHC Bausch Health Cos Inc. | 0.00% | 11,500 | $94K | No change |
Options reported separately and not counted above: SPY puts ($4.1B), XLE puts ($2.0B), OIH puts ($357.5M), XLF puts ($317.2M), IWM puts ($276.1M), JETS puts ($265.2M), XME puts ($261.3M), QQQ puts ($219.6M), AAL puts ($129.3M), ARM calls ($114.4M), TXN calls ($103.3M), QQQ calls ($73.2M), and 12 more.
Other holdings (10): bonds, preferreds, convertibles and warrants · $262.4M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| BOOKING HOLDINGS INC (BKNG 0.75 05/01/25) | NOTE 0.750% 5/0 · principal | 25,000,000 | $56.0M | No change |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | 41,500,000 | $37.9M | No change |
| RINGCENTRAL INC (RNG 0 03/15/26) | NOTE 3/1 · principal | 40,000,000 | $36.5M | No change |
| UNITY SOFTWARE INC (U 0 11/15/26) | NOTE 11/1 · principal | 35,000,000 | $31.3M | No change |
| BILL HOLDINGS INC (BILL 0 04/01/27) | NOTE 4/0 · principal | 32,000,000 | $28.3M | Reduce -23.8% |
| WAYFAIR INC (W 3.5 11/15/28) | NOTE 3.500%11/1 · principal | 15,000,000 | $22.1M | No change |
| CONFLUENT INC (CFLT 0 01/15/27) | NOTE 1/1 · principal | 20,000,000 | $17.7M | No change |
| ON SEMICONDUCTOR CORP (ON 0 05/01/27) | NOTE 5/0 · principal | 10,000,000 | $14.6M | No change |
| BLACKLINE INC (BL 0 03/15/26) | NOTE 3/1 · principal | 12,000,000 | $11.2M | Reduce -20.5% |
| MICROSTRATEGY INC (MSTR 0 02/15/27) | NOTE 2/1 · principal | 5,000,000 | $6.9M | No change |
Total filed on the 13F, all lines: $10.7B.
Portfolio Sells Q2 2024 → Q3 2024
Portfolio Buys Q2 2024 → Q3 2024
Options Activity Q2 2024 → Q3 2024
| SPY SS SPDR S&P 500 ETF Trust-US | put | New | 7,200,000 | $4.1B |
| XLE SS Energy Select Sector | put | Add +55.9% | 22,600,000 | $2.0B |
| IBB iShares Biotechnology ETF | put | Sold out | 2,800,000 | $384.3Mbefore exit |
| OIH Vaneck Oil Services ETF | put | Reduce -13.1% | 1,260,000 | $357.5M |
| XLF SS Financial Select Sector | put | Reduce -6.7% | 7,000,000 | $317.2M |
| RSP Invesco S&P 500 Equal Weight | put | Sold out | 1,925,000 | $316.2Mbefore exit |
| IWM iShares Russell 2000 ETF | put | Add +25.0% | 1,250,000 | $276.1M |
| JETS US Global Jets ETF | put | Add +34.7% | 12,800,000 | $265.2M |
| XME SS SPDR S&P Metals Mining | put | Reduce -18.0% | 4,100,000 | $261.3M |
| QQQ Invesco QQQ Trust Series 1 | put | Reduce -92.4% | 450,000 | $219.6M |
| GDX Vaneck Gold Miners ETF | put | Sold out | 5,000,000 | $169.7Mbefore exit |
| BHP BHP Group Ltd.-Spon ADR | call | Sold out | 2,500,000 | $142.7Mbefore exit |
| ARM Arm Holdings PLC-ADR | call | New | 800,000 | $114.4M |
| TXN Texas Instruments Inc. | call | New | 500,000 | $103.3M |
| TLT iShares 20+ Year Treasury BD | call | Sold out | 1,000,000 | $91.8Mbefore exit |
| QQQ Invesco QQQ Trust Series 1 | call | New | 150,000 | $73.2M |
| MAR Marriott International Class A | put | New | 200,000 | $49.7M |
| XLE SS Energy Select Sector | call | New | 550,000 | $48.3M |
| HLT Hilton Worldwide Holdings Inc. | put | New | 200,000 | $46.1M |
| ALK Alaska Air Group Inc. | call | New | 1,000,000 | $45.2M |
| EQIX Equinix Inc. | put | New | 50,000 | $44.4M |
| XLB SS Materials Select Sector | put | New | 450,000 | $43.4M |
| AAL American Airlines Group Inc. | call | New | 3,500,000 | $39.3M |
| UAL United Airlines Holdings Inc. | put | Sold out | 700,000 | $34.1Mbefore exit |
| SNAP Snap Inc. Class A | put | Sold out | 2,000,000 | $33.2Mbefore exit |
| H Hyatt Hotels Corp. Class A | put | New | 200,000 | $30.4M |
| ICLR Icon PLC | call | New | 43,200 | $12.4M |
| IQV Iqvia Holdings Inc. | call | New | 42,000 | $10.0M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2024 → Q3 2024
| MICROSTRATEGY INC (MSTR 0.75 12/15/25) | NOTE 0.750%12/1 · principal | Sold out | 27,500,000 | $95.2Mbefore exit |
| BILL HOLDINGS INC (BILL 0 04/01/27) | NOTE 4/0 · principal | Reduce -23.8% | 32,000,000 | $28.3M |
| BLACKLINE INC (BL 0 03/15/26) | NOTE 3/1 · principal | Reduce -20.5% | 12,000,000 | $11.2M |
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 2025Amended | 17 | $12.1B | TFPM, PSX, SU, LUV, PINS |
| Q1 2025 | 23 | $10.9B | TFPM, SU, PSX, LUV, PINS |
| Q4 2024Amended | 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 |