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 |
Southwest Airlines
LUV
|
+$1.53B |
| 2 |
State Street Utilities Select Sector SPDR ETF
XLU
|
+$108M |
| 3 |
Western Digital
WDC
|
+$71.2M |
| 4 |
Etsy
ETSY
|
+$28.4M |
| 5 |
Match Group
MTCH
|
+$12.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Marathon Petroleum
MPC
|
+$1.28B |
| 2 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$78.7M |
| 3 |
NRG Energy
NRG
|
+$55M |
| 4 |
Seadrill
SDRL
|
+$16M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 11.62% |
| 2 | Materials | 11.21% |
| 3 | Industrials | 9.43% |
| 4 | Communication Services | 8.01% |
| 5 | Utilities | 4.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
51
PUT
VanEck Gold Miners ETF
GDX
$31.8B
| – | – |
-5,000,000
| Closed | -$170M |
|
|
52
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| – | – |
-1,020,000
| Closed | -$78.7M |
|
53
PUT
iShares Biotechnology ETF
IBB
$10.7B
| – | – |
-2,800,000
| Closed | -$384M |
|
|
54
Marathon Petroleum
MPC
$101B
| – | – |
-7,365,000
| Closed | -$1.28B |
|
55
PUT
Invesco S&P 500 Equal Weight ETF
RSP
$99.5B
| – | – |
-1,925,000
| Closed | -$316M |
|
56
PUT
Snap
SNAP
$8.86B
| – | – |
-2,000,000
| Closed | -$33.2M |
|
57
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$45.5B
| – | – |
-1,000,000
| Closed | -$91.8M |
|
58
PUT
United Airlines
UAL
$36.7B
| – | – |
-700,000
| Closed | -$34.1M |
|
Similar funds
Paul Singer's Q3 2024 Portfolio in Review
As of Q3 2024, Paul Singer held 68 positions worth $19.3B, up 11% from $17.3B the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Paul Singer deployed $1.63B of net new capital in Q3 2024, opening 15 new positions and adding to 8 existing holdings. Its largest new stake was State Street Utilities Select Sector SPDR ETF: 2,920,000 shares worth $118M.
By sector, the portfolio is most concentrated in Energy at 12% of assets, down from 21% a quarter earlier, followed by Materials and Industrials.
On the sell side, the largest reduction was NRG Energy, an estimated $55M trimmed.
- Paul Singer's largest Q3 2024 buy was State Street Utilities Select Sector SPDR ETF: 2,920,000 shares worth $118M.
- Paul Singer added most to Southwest Airlines in Q3 2024, an estimated $1.53B increase.
- Paul Singer's biggest Q3 2024 reduction was NRG Energy, cutting an estimated $55M.
- Paul Singer fully exited Marathon Petroleum in Q3 2024, selling an estimated $1.28B.
- Paul Singer's ten largest holdings make up 77% of its $19.3B portfolio in Q3 2024.
- Paul Singer opened 15 new positions and closed 9 in Q3 2024.
- Paul Singer's portfolio value rose 11% quarter-over-quarter to $19.3B.
Based on Elliott Investment Management's 13F filing for Q3 2024, filed 14 Nov 2024.