Elliott Management Portfolio holdings

AUM $5.78B

2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4 2016 Q3 2016 Q2 2016 Q1 2015 Q4 2015 Q3 2015 Q2 2015 Q1 2014 Q4 2014 Q3 2014 Q2 2014 Q1 2013 Q4 2013 Q3 2013 Q2

This Quarter Return

+3.89%

1 Year Return

+13.22%

3 Year Return

+22.14%

5 Year Return

+29.58%

10 Year Return

–

AUM

$10.6B

AUM Growth

+$10.6B (+20%)

Cap. Flow

+$865M

Cap. Flow % of AUM

8.15%

Top 10 Holdings % Top 10 Hldgs %

70.75%

Holding

New

Increased

Reduced

Closed

Top Buys

1	NXP Semiconductors NXPI	$460M
2	ORIG Ocean Rig UDW Inc. Class A Common Shares ORIG	$440M
3	BTU.PR Peabody Energy Corporation Series A Convertible Preferred Stock BTU.PR	$410M
4	Nomad Foods NOMD	$122M
5	TCO Taubman Centers Inc. TCO	$116M

Top Sells

1	Alcoa AA	$159M
2	NORD Nord Anglia Education, Inc. NORD	$151M
3	NRG Energy NRG	$143M
4	Pultegroup PHM	$123M
5	LOGM LogMein, Inc. LOGM	$70.5M

Sector Composition

1	Technology	30.72%
2	Energy	23.97%
3	Industrials	18.52%
4	Materials	5.3%
5	Utilities	3.37%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
76	76 SPDR S&P Oil & Gas Exploration & Production ETF XOP $1.9B	–	–	0	–	–
77	SLCA 77 DELISTED U.S. SILICA HOLDINGS, INC. SLCA	–	–	-351,000	Closed	-$12.5M
78	RAD 78 DELISTED Rite Aid Corporation RAD	–	–	0	–	–
79	XEC 79 DELISTED CIMAREX ENERGY CO XEC	–	–	-3,063	Closed	-$288K
80	LOGM 80 DELISTED LogMein, Inc. LOGM	–	–	-674,910	Closed	-$70.5M
81	CJ 81 DELISTED C&J Energy Services, Inc. CJ	–	–	-1,004,661	Closed	-$34.4M
82	VEACU 82 DELISTED Vantage Energy Acquisition Corp. Unit VEACU	–	–	-4,000,000	Closed	-$40.5M
83	GTYHU 83 DELISTED GTY Technology Holdings, Inc. Units GTYHU	–	–	-4,400,000	Closed	-$46.2M
84	CPN 84 DELISTED Calpine Corporation CPN	–	–	0	–	–
85	ZPIN 85 DELISTED Zhaopin Limited ZPIN	–	–	-204,509	Closed	-$3.79M
86	COVS 86 DELISTED Covisint Corporation COVS	–	–	-2,952,357	Closed	-$7.23M
87	INNL 87 DELISTED Innocoll Holdings plc Ordinary Shares INNL	–	–	-170,391	Closed	-$388K
88	BBL 88 DELISTED BHP Group Plc American Depositary Shares (Each representing two Ordinary Shares) BBL	–	–	-2,010,151	Closed	-$61.8M
89	NORD 89 DELISTED Nord Anglia Education, Inc. NORD	–	–	-4,624,047	Closed	-$151M
90	MPACU 90 DELISTED Matlin & Partners Acquisition Corporation Units MPACU	–	–	-2,950,000	Closed	-$29.6M
91	FMSA 91 DELISTED Fairmount Santrol Holdings Inc. FMSA	–	–	-4,800,000	Closed	-$18.7M