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EM
Elliott Management Portfolio holdings
AUM
$11.8B
1-Year Est. Return
20.29%
This Fund
S&P 500
This Quarter
Est. Return
+14.79%
1 Year Est. Return
+20.29%
3 Year Est. Return
+40.7%
5 Year Est. Return
+60.3%
10 Year Est. Return
–
AUM
$13.3B
AUM Growth
-$45.7M
(-0.34%)
Cap. Flow
-$693M
Cap. Flow
% of AUM
-5.22%
Top 10 Holdings %
Top 10 Hldgs %
65.25%
Holding
96
New
20
Increased
12
Reduced
10
Closed
28
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Howmet Aerospace
HWM
|
+$347M |
| 2 |
NRG Energy
NRG
|
+$227M |
| 3 |
LOGM
LogMein, Inc.
LOGM
|
+$121M |
| 4 |
ABCO
Advisory Board Co
ABCO
|
+$89.7M |
| 5 |
MJN
Mead Johnson Nutrition Company
MJN
|
+$86.7M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
AGN
Allergan plc
AGN
|
+$574M |
| 2 |
Gen Digital
GEN
|
+$287M |
| 3 |
ACAS
American Capital Ltd
ACAS
|
+$224M |
| 4 |
MENT
Mentor Graphics Corp
MENT
|
+$178M |
| 5 |
Marathon Petroleum
MPC
|
+$124M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 14.88% |
| 2 | Technology | 10.81% |
| 3 | Energy | 10.78% |
| 4 | Materials | 4.1% |
| 5 | Utilities | 2.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
Invesco QQQ Trust
QQQ
$460B
| $2.14B | 16.09% |
16,150,600
-5,067,600
| -24% | -$647M |
|
|
2
Howmet Aerospace
HWM
$115B
| $1.35B | 10.13% |
66,637,181
+17,679,805
| +36% | +$347M |
|
3
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
| $1.23B | 9.25% |
14,000,000
+6,500,000
| +87% | +$568M |
|
|
HES
4
DELISTED
Hess
HES
| $906M | 6.82% |
18,800,000
| – | – |
|
|
CTXS
5
DELISTED
Citrix Systems Inc
CTXS
| $591M | 4.45% |
7,091,000
-1,331,078
| -16% | -$104M |
|
6
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.45B
| $584M | 4.4% |
3,900,000
+512,500
| +15% | +$79.8M |
|
|
CDK
7
DELISTED
CDK Global, Inc.
CDK
| $527M | 3.97% |
8,110,000
| – | – |
|
|
8
CALL
Invesco QQQ Trust
QQQ
$460B
| $490M | 3.69% |
+3,700,000
| New | +$472M |
|
9
Dell
DELL
$284B
| $478M | 3.6% |
26,577,843
+1,156,100
| +5% | +$20.2M |
|
10
PUT
State Street Technology Select Sector SPDR ETF
XLK
$116B
| $381M | 2.87% |
+14,300,000
| New | +$369M |
|
11
Alcoa
AA
$11.9B
| $352M | 2.65% |
10,237,457
| – | – |
|
12
PUT
State Street Energy Select Sector SPDR ETF
XLE
$39.3B
| $350M | 2.63% |
10,000,000
+4,000,000
| +67% | +$145M |
|
13
PUT
VanEck Semiconductor ETF
SMH
$69.8B
| $343M | 2.58% |
8,600,000
+1,110,000
| +15% | +$42.2M |
|
|
14
NRG Energy
NRG
$30.2B
| $338M | 2.54% |
18,073,606
+13,698,367
| +313% | +$227M |
|
15
PUT
iShares Russell 2000 ETF
IWM
$81.2B
| $275M | 2.07% |
+2,000,000
| New | +$273M |
|
16
PUT
Vanguard Real Estate ETF
VNQ
$39.1B
| $236M | 1.78% |
2,862,500
| – | – |
|
17
Ovintiv
OVV
$17.3B
| $221M | 1.66% |
3,777,043
+1,351,043
| +56% | +$81M |
|
|
18
Marathon Petroleum
MPC
$91.2B
| $188M | 1.41% |
3,714,435
-2,484,924
| -40% | -$124M |
|
|
19
CALL
State Street Energy Select Sector SPDR ETF
XLE
$39.3B
| $157M | 1.18% |
+4,500,000
| New | +$163M |
|
20
Adient
ADNT
$1.58B
| $148M | 1.12% |
2,040,000
| – | – |
|
21
Element Solutions
ESI
$9.33B
| $143M | 1.07% |
10,951,281
| – | – |
|
|
LOGM
22
DELISTED
LogMein, Inc.
LOGM
| $119M | 0.89% |
+1,218,498
| New | +$121M |
|
23
PUT
iShares MSCI Emerging Markets ETF
EEM
$28.6B
| $118M | 0.89% |
+3,000,000
| New | +$114M |
|
24
Pultegroup
PHM
$23.7B
| $118M | 0.89% |
5,000,000
| – | – |
|
|
OPB
25
DELISTED
Opus Bank Common Stock
OPB
| $109M | 0.82% |
5,419,153
+367,874
| +7% | +$8.41M |
|
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Elliott Management's Q1 2017 Portfolio in Review
As of Q1 2017, Elliott Management held 96 positions worth $13.3B, down 0.34% from $13.3B the previous quarter. Its ten largest holdings account for 65% of the portfolio.
Elliott Management withdrew a net $693M in Q1 2017, closing 28 positions and reducing 10 holdings. Its most notable exit was Allergan plc, an estimated $574M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 15% of assets, up from 9.6% a quarter earlier, followed by Technology and Energy.
Against the trend, Elliott Management opened a new position in LogMein, Inc. worth $119M.
- Elliott Management's largest Q1 2017 buy was LogMein, Inc.: 1,218,498 shares worth $119M.
- Elliott Management added most to Howmet Aerospace in Q1 2017, an estimated $347M increase.
- Elliott Management's biggest Q1 2017 reduction was Marathon Petroleum, cutting an estimated $124M.
- Elliott Management fully exited Allergan plc in Q1 2017, selling an estimated $574M.
- Elliott Management's ten largest holdings make up 65% of its $13.3B portfolio in Q1 2017.
- Elliott Management opened 20 new positions and closed 28 in Q1 2017.
- Elliott Management's portfolio value fell 0.34% quarter-over-quarter to $13.3B.
Based on Elliott Management's 13F filing for Q1 2017, filed 15 May 2017.