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 |
BioMarin Pharmaceuticals
BMRN
|
+$265M |
| 2 |
Etsy
ETSY
|
+$136M |
| 3 |
Crown Castle
CCI
|
+$125M |
| 4 |
Match Group
MTCH
|
+$101M |
| 5 |
Fidelity National Information Services
FIS
|
+$84.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Peabody Energy
BTU
|
+$192M |
| 2 |
Howmet Aerospace
HWM
|
+$150M |
| 3 |
State Street Industrial Select Sector SPDR ETF
XLI
|
+$60.8M |
| 4 |
Arm
ARM
|
+$52.5M |
| 5 |
Seadrill
SDRL
|
+$35.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 14.39% |
| 2 | Materials | 9.52% |
| 3 | Communication Services | 7.36% |
| 4 | Healthcare | 3.61% |
| 5 | Utilities | 2.86% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Crown Castle
CCI
$32.1B
| $141M | 0.75% |
+1,225,000
| New | +$125M |
|
|
27
Howmet Aerospace
HWM
$108B
| $130M | 0.69% |
2,400,000
-3,040,000
| -56% | -$150M |
|
|
LBRDK
28
DELISTED
Liberty Broadband Class C
LBRDK
| $129M | 0.69% |
1,600,000
| – | – |
|
|
29
Fidelity National Information Services
FIS
$21.3B
| $125M | 0.67% |
2,087,923
+1,539,718
| +281% | +$84.5M |
|
30
Constellation Brands
STZ
$23.2B
| $123M | 0.65% |
507,000
+7,000
| +1% | +$1.66M |
|
|
ETWO
31
DELISTED
E2open Parent Holdings
ETWO
| $120M | 0.64% |
27,250,000
+8,334,679
| +44% | +$29.6M |
|
|
32
Match Group
MTCH
$9.38B
| $110M | 0.59% |
+3,000,000
| New | +$101M |
|
33
Phillips 66
PSX
$96.9B
| $103M | 0.55% |
775,000
| – | – |
|
|
EDR
34
DELISTED
Endeavor Group Holdings, Inc.
EDR
| $97.3M | 0.52% |
4,100,000
| – | – |
|
35
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $78.9M | 0.42% |
1,020,000
| – | – |
|
36
PUT
Digital Realty Trust
DLR
$70.5B
| $67.3M | 0.36% |
500,000
| – | – |
|
37
Western Digital
WDC
$166B
| $62.1M | 0.33% |
1,567,755
| – | – |
|
|
UNIT
38
Uniti Group
UNIT
$2.42B
| $58.5M | 0.31% |
10,120,963
| – | – |
|
39
PUT
Snap
SNAP
$8.86B
| $33.9M | 0.18% |
+2,000,000
| New | +$24.5M |
|
40
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| $26.8M | 0.14% |
+300,000
| New | +$22.3M |
|
41
PUT
Equinix
EQIX
$105B
| $22.6M | 0.12% |
+28,100
| New | +$21.6M |
|
42
PUT
US Global Jets ETF
JETS
$804M
| $19M | 0.1% |
1,000,000
| – | – |
|
43
Valaris
VAL
$6.09B
| $13.7M | 0.07% |
200,000
-338,323
| -63% | -$23.2M |
|
|
44
CALL
Match Group
MTCH
$9.38B
| $8.37M | 0.04% |
+229,200
| New | +$7.74M |
|
45
CorMedix
CRMD
$639M
| $5.83M | 0.03% |
1,550,523
| – | – |
|
|
RSVR
46
Reservoir Media
RSVR
$652M
| $4.07M | 0.02% |
570,888
-310,851
| -35% | -$1.89M |
|
47
Polestar Automotive Holding UK
PSNY
$1.93B
| $2.53M | 0.01% |
37,387
| – | – |
|
48
Bausch Health
BHC
$2.41B
| $92.3K | ﹤0.01% |
11,500
| – | – |
|
49
PUT
Apple
AAPL
$4.51T
| – | – |
-350,000
| Closed | -$59.9M |
|
|
50
Arm
ARM
$260B
| – | – |
-980,392
| Closed | -$52.5M |
|
Similar funds
Paul Singer's Q4 2023 Portfolio in Review
As of Q4 2023, Paul Singer held 71 positions worth $18.7B, up 45% from $12.9B the previous quarter. Its ten largest holdings account for 68% of the portfolio.
Paul Singer deployed $3.99B of net new capital in Q4 2023, opening 11 new positions and adding to 11 existing holdings. Its largest new stake was BioMarin Pharmaceuticals: 3,000,338 shares worth $289M.
By sector, the portfolio is most concentrated in Energy at 14% of assets, down from 23% a quarter earlier, followed by Materials and Communication Services.
On the sell side, the largest reduction was Peabody Energy, an estimated $192M trimmed.
- Paul Singer's largest Q4 2023 buy was BioMarin Pharmaceuticals: 3,000,338 shares worth $289M.
- Paul Singer added most to Fidelity National Information Services in Q4 2023, an estimated $84.5M increase.
- Paul Singer's biggest Q4 2023 reduction was Peabody Energy, cutting an estimated $192M.
- Paul Singer fully exited State Street Industrial Select Sector SPDR ETF in Q4 2023, selling an estimated $60.8M.
- Paul Singer's ten largest holdings make up 68% of its $18.7B portfolio in Q4 2023.
- Paul Singer opened 11 new positions and closed 11 in Q4 2023.
- Paul Singer's portfolio value rose 45% quarter-over-quarter to $18.7B.
Based on Elliott Investment Management's 13F filing for Q4 2023, filed 14 Feb 2024.