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 |
Dell
DELL
|
+$274M |
| 2 |
Welltower
WELL
|
+$175M |
| 3 |
ARNC
Arconic Corporation
ARNC
|
+$122M |
| 4 |
FSCT
ForeScout Technologies, Inc. Common Stock
FSCT
|
+$51.8M |
| 5 |
TWTR
Twitter, Inc.
TWTR
|
+$15.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$426M |
| 2 |
Howmet Aerospace
HWM
|
+$166M |
| 3 |
RRTS
RoadRunner Transportation Systems, Inc.
RRTS
|
+$87.1M |
| 4 |
Element Solutions
ESI
|
+$59M |
| 5 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$30.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 14.32% |
| 2 | Industrials | 11.84% |
| 3 | Consumer Discretionary | 5.65% |
| 4 | Energy | 4.84% |
| 5 | Communication Services | 2.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
Invesco QQQ Trust
QQQ
$486B
| $2.71B | 29.49% |
10,946,400
+9,471,400
| +642% | +$2.12B |
|
|
2
Dell
DELL
$286B
| $1.16B | 12.63% |
41,682,780
+12,177,210
| +41% | +$274M |
|
|
3
Howmet Aerospace
HWM
$108B
| $659M | 7.17% |
41,565,658
-12,635,960
| -23% | -$166M |
|
4
PUT
Vanguard Real Estate ETF
VNQ
$39.1B
| $628M | 6.83% |
8,000,000
+3,600,000
| +82% | +$273M |
|
5
eBay
EBAY
$46.3B
| $519M | 5.65% |
9,900,000
| – | – |
|
6
Marathon Petroleum
MPC
$101B
| $361M | 3.93% |
9,670,000
| – | – |
|
|
7
CALL
Vanguard Real Estate ETF
VNQ
$39.1B
| $275M | 2.99% |
+3,500,000
| New | +$265M |
|
|
NLSN
8
DELISTED
Nielsen Holdings plc
NLSN
| $247M | 2.68% |
16,600,000
| – | – |
|
9
PUT
Meta Platforms (Facebook)
META
$1.4T
| $227M | 2.47% |
+1,000,000
| New | +$209M |
|
|
10
Welltower
WELL
$172B
| $184M | 2% |
+3,556,800
| New | +$175M |
|
11
PUT
iShares US Real Estate ETF
IYR
$4.62B
| $162M | 1.76% |
2,054,000
+1,454,000
| +242% | +$110M |
|
12
PUT
iShares Biotechnology ETF
IBB
$10.7B
| $154M | 1.67% |
+1,125,000
| New | +$143M |
|
13
AT&T
T
$173B
| $151M | 1.64% |
6,620,000
| – | – |
|
|
14
CALL
Marathon Petroleum
MPC
$101B
| $150M | 1.63% |
4,000,000
+3,201,800
| +401% | +$103M |
|
|
ARNC
15
DELISTED
Arconic Corporation
ARNC
| $145M | 1.57% |
+10,391,409
| New | +$122M |
|
16
CALL
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $144M | 1.56% |
7,600,000
-8,400,000
| -53% | -$156M |
|
|
LOGM
17
DELISTED
LogMein, Inc.
LOGM
| $115M | 1.25% |
1,353,765
| – | – |
|
18
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $115M | 1.25% |
+800,000
| New | +$105M |
|
|
TWTR
19
DELISTED
Twitter, Inc.
TWTR
| $104M | 1.13% |
3,500,000
+500,000
| +17% | +$15.1M |
|
20
Peabody Energy
BTU
$3.37B
| $83.3M | 0.91% |
28,916,201
| – | – |
|
|
21
CALL
Dell
DELL
$286B
| $76.9M | 0.84% |
2,762,200
-7,053,475
| -72% | -$158M |
|
|
TWTR
22
CALL
DELISTED
Twitter, Inc.
TWTR
| $61.1M | 0.66% |
2,050,000
+1,050,000
| +105% | +$31.7M |
|
23
PUT
American Airlines Group
AAL
$9.15B
| $58.8M | 0.64% |
+4,500,000
| New | +$54.6M |
|
24
PUT
Digital Realty Trust
DLR
$70.5B
| $46.2M | 0.5% |
325,000
| – | – |
|
25
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $42.3M | 0.46% |
+1,500,000
| New | +$43.2M |
|
Similar funds
Paul Singer's Q2 2020 Portfolio in Review
As of Q2 2020, Paul Singer held 63 positions worth $9.19B, up 70% from $5.39B the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Paul Singer deployed $1.96B of net new capital in Q2 2020, opening 12 new positions and adding to 8 existing holdings. Its largest new stake was Welltower: 3,556,800 shares worth $184M.
By sector, the portfolio is most concentrated in Technology at 14% of assets, up from 14% a quarter earlier, followed by Industrials and Consumer Discretionary.
On the sell side, the largest reduction was Howmet Aerospace, an estimated $166M trimmed.
- Paul Singer's largest Q2 2020 buy was Welltower: 3,556,800 shares worth $184M.
- Paul Singer added most to Dell in Q2 2020, an estimated $274M increase.
- Paul Singer's biggest Q2 2020 reduction was Howmet Aerospace, cutting an estimated $166M.
- Paul Singer fully exited iShares iBoxx $ Investment Grade Corporate Bond ETF in Q2 2020, selling an estimated $426M.
- Paul Singer's ten largest holdings make up 77% of its $9.19B portfolio in Q2 2020.
- Paul Singer opened 12 new positions and closed 19 in Q2 2020.
- Paul Singer's portfolio value rose 70% quarter-over-quarter to $9.19B.
Based on Elliott Investment Management's 13F filing for Q2 2020, filed 14 Aug 2020.