Paul Singer Elliott Investment Management
Paul Singer is the founder of Elliott Investment Management, a major activist and multi-strategy firm. Elliott is known for event-driven investing, credit work, and high-profile campaigns at public companies. Singer’s firm combines deep legal and financial analysis with a willingness to engage managements and boards when it believes value can be unlocked.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Seadrill
SDRL
|
+$262M |
| 2 |
SYNH
Syneos Health, Inc. Class A Common Stock
SYNH
|
+$133M |
| 3 |
Constellation Brands
STZ
|
+$103M |
| 4 |
NRG Energy
NRG
|
+$94.2M |
| 5 |
Phillips 66
PSX
|
+$75.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Howmet Aerospace
HWM
|
+$338M |
| 2 |
Clarivate
CLVT
|
+$93.9M |
| 3 |
PayPal
PYPL
|
+$75.9M |
| 4 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$56.8M |
| 5 |
Valaris
VAL
|
+$19.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 23.15% |
| 2 | Materials | 16.33% |
| 3 | Communication Services | 8.67% |
| 4 | Industrials | 7.46% |
| 5 | Healthcare | 2.94% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
EDR
26
DELISTED
Endeavor Group Holdings, Inc.
EDR
| $85.1M | 0.75% |
3,559,756
+559,756
| +19% | +$13.2M |
|
27
PUT
Equinix
EQIX
$105B
| $78.4M | 0.69% |
100,000
| – | – |
|
28
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $76.6M | 0.67% |
1,020,000
+340,000
| +50% | +$25.4M |
|
|
29
Phillips 66
PSX
$96.9B
| $73.9M | 0.65% |
+775,000
| New | +$75.3M |
|
30
CALL
Invesco QQQ Trust
QQQ
$486B
| $73.9M | 0.65% |
200,000
-7,800,000
| -98% | -$2.63B |
|
31
Fidelity National Information Services
FIS
$21.3B
| $59.7M | 0.53% |
+1,090,662
| New | +$60M |
|
32
PUT
iShares Biotechnology ETF
IBB
$10.7B
| $58.1M | 0.51% |
458,000
-98,600
| -18% | -$12.8M |
|
33
PUT
Digital Realty Trust
DLR
$70.5B
| $56.9M | 0.5% |
+500,000
| New | +$49.5M |
|
34
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $55.4M | 0.49% |
+666,200
| New | +$55.7M |
|
35
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $51.9M | 0.46% |
+402,500
| New | +$50.4M |
|
|
UNIT
36
Uniti Group
UNIT
$2.42B
| $46.8M | 0.41% |
10,120,963
| – | – |
|
37
Western Digital
WDC
$166B
| $44.9M | 0.4% |
1,567,755
| – | – |
|
38
PUT
Marriott International
MAR
$92.9B
| $36.7M | 0.32% |
200,000
-400,000
| -67% | -$69.4M |
|
39
NiSource
NI
$19.5B
| $33.4M | 0.29% |
1,220,000
| – | – |
|
40
PUT
Snap
SNAP
$8.86B
| $11.8M | 0.1% |
+1,000,000
| New | +$10M |
|
41
PUT
US Global Jets ETF
JETS
$804M
| $10.7M | 0.09% |
+500,000
| New | +$9.39M |
|
42
PUT
Broadcom
AVGO
$1.75T
| $10.1M | 0.09% |
+116,000
| New | +$8.27M |
|
43
CorMedix
CRMD
$639M
| $6.15M | 0.05% |
1,550,523
| – | – |
|
44
CALL
Royal Gold
RGLD
$21.9B
| $5.74M | 0.05% |
+50,000
| New | +$6.43M |
|
|
RSVR
45
Reservoir Media
RSVR
$652M
| $5.31M | 0.05% |
881,739
+480,193
| +120% | +$3.04M |
|
46
Polestar Automotive Holding UK
PSNY
$1.93B
| $4.28M | 0.04% |
37,387
| – | – |
|
47
PUT
Hyatt Hotels
H
$17B
| $4.01M | 0.04% |
35,000
-400,000
| -92% | -$45.2M |
|
|
NS
48
DELISTED
NuStar Energy L.P.
NS
| $487K | ﹤0.01% |
+28,400
| New | +$464K |
|
49
Bausch Health
BHC
$2.41B
| $92K | ﹤0.01% |
11,500
-3,125
| -21% | -$23K |
|
|
50
Clarivate
CLVT
$1.33B
| – | – |
-10,000,000
| Closed | -$93.9M |
|
Similar funds
Paul Singer's Q2 2023 Portfolio in Review
As of Q2 2023, Paul Singer held 69 positions worth $11.4B, down 16% from $13.5B the previous quarter. Its ten largest holdings account for 64% of the portfolio.
Paul Singer withdrew a net $2.99B in Q2 2023, closing 5 positions and reducing 10 holdings. Its most notable exit was Clarivate, an estimated $93.9M position sold in full.
By sector, the portfolio is most concentrated in Energy at 23% of assets, up from 19% a quarter earlier, followed by Materials and Communication Services.
Against the trend, Paul Singer opened a new position in Seadrill worth $291M.
- Paul Singer's largest Q2 2023 buy was Seadrill: 7,057,258 shares worth $291M.
- Paul Singer added most to Liberty Broadband Class C in Q2 2023, an estimated $52.8M increase.
- Paul Singer's biggest Q2 2023 reduction was Howmet Aerospace, cutting an estimated $338M.
- Paul Singer fully exited Clarivate in Q2 2023, selling an estimated $93.9M.
- Paul Singer's ten largest holdings make up 64% of its $11.4B portfolio in Q2 2023.
- Paul Singer opened 17 new positions and closed 5 in Q2 2023.
- Paul Singer's portfolio value fell 16% quarter-over-quarter to $11.4B.
Based on Elliott Investment Management's 13F filing for Q2 2023, filed 14 Aug 2023.