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 |
NRG Energy
NRG
|
+$287M |
| 2 |
CTLT
CATALENT, INC.
CTLT
|
+$187M |
| 3 |
State Street Industrial Select Sector SPDR ETF
XLI
|
+$64.2M |
| 4 |
Arm
ARM
|
+$54.2M |
| 5 |
Constellation Brands
STZ
|
+$15.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Howmet Aerospace
HWM
|
+$568M |
| 2 |
SYNH
Syneos Health, Inc. Class A Common Stock
SYNH
|
+$139M |
| 3 |
Noble Corp
NE
|
+$135M |
| 4 |
Valaris
VAL
|
+$81.8M |
| 5 |
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
|
+$51.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 23.43% |
| 2 | Materials | 13.53% |
| 3 | Communication Services | 7.66% |
| 4 | Utilities | 3.32% |
| 5 | Healthcare | 2.8% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
PUT
Energy Transfer Partners
ET
$73B
| – | – |
-7,500,000
| Closed | -$95.3M |
|
52
PUT
Hyatt Hotels
H
$17B
| – | – |
-35,000
| Closed | -$4.01M |
|
53
CALL
Invesco QQQ Trust
QQQ
$486B
| – | – |
-200,000
| Closed | -$73.9M |
|
54
CALL
Royal Gold
RGLD
$21.9B
| – | – |
-50,000
| Closed | -$5.74M |
|
55
PUT
Snap
SNAP
$8.86B
| – | – |
-1,000,000
| Closed | -$11.8M |
|
56
PUT
State Street SPDR S&P Biotech ETF
XBI
$11.2B
| – | – |
-666,200
| Closed | -$55.4M |
|
|
57
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| – | – |
-402,500
| Closed | -$51.9M |
|
|
NS
58
DELISTED
NuStar Energy L.P.
NS
| – | – |
-28,400
| Closed | -$487K |
|
|
SYNH
59
DELISTED
Syneos Health, Inc. Class A Common Stock
SYNH
| – | – |
-3,299,476
| Closed | -$139M |
|
Similar funds
Paul Singer's Q3 2023 Portfolio in Review
As of Q3 2023, Paul Singer held 73 positions worth $12.9B, up 14% from $11.4B the previous quarter. Its ten largest holdings account for 67% of the portfolio.
Paul Singer's Q3 2023 filing shows 10 new, 9 increased, 10 reduced and 11 closed positions. Its largest new stake was CATALENT, INC.: 4,000,000 shares worth $182M. The largest sale was Howmet Aerospace, an estimated $568M.
By sector, the portfolio is most concentrated in Energy at 23% of assets, up from 23% a quarter earlier, followed by Materials and Communication Services.
- Paul Singer's largest Q3 2023 buy was CATALENT, INC.: 4,000,000 shares worth $182M.
- Paul Singer added most to NRG Energy in Q3 2023, an estimated $287M increase.
- Paul Singer's biggest Q3 2023 reduction was Howmet Aerospace, cutting an estimated $568M.
- Paul Singer fully exited Syneos Health, Inc. Class A Common Stock in Q3 2023, selling an estimated $139M.
- Paul Singer's ten largest holdings make up 67% of its $12.9B portfolio in Q3 2023.
- Paul Singer opened 10 new positions and closed 11 in Q3 2023.
- Paul Singer's portfolio value rose 14% quarter-over-quarter to $12.9B.
Based on Elliott Investment Management's 13F filing for Q3 2023, filed 14 Nov 2023.