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 |
SC
SANTANDER CONSUMER USA HOLDINGS INC
SC
|
+$178M |
| 2 |
SWCH
Switch, Inc. Class A Common Stock
SWCH
|
+$151M |
| 3 |
Valaris
VAL
|
+$14.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Dell
DELL
|
+$2.2B |
| 2 |
ARNC
Arconic Corporation
ARNC
|
+$241M |
| 3 |
Public Storage
PSA
|
+$171M |
| 4 |
ETWO
E2open Parent Holdings
ETWO
|
+$109M |
| 5 |
Evergy
EVRG
|
+$73M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 14.74% |
| 2 | Energy | 10.23% |
| 3 | Technology | 7.28% |
| 4 | Utilities | 6.65% |
| 5 | Communication Services | 6.38% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
Invesco QQQ Trust
QQQ
$486B
| $1.38B | 12.18% |
3,459,000
-1,651,000
| -32% | -$637M |
|
2
Howmet Aerospace
HWM
$108B
| $1.31B | 11.57% |
41,065,000
| – | – |
|
|
SC
3
DELISTED
SANTANDER CONSUMER USA HOLDINGS INC
SC
| $704M | 6.23% |
16,743,397
+4,245,183
| +34% | +$178M |
|
4
Marathon Petroleum
MPC
$101B
| $676M | 5.99% |
10,570,000
| – | – |
|
|
5
Evergy
EVRG
$18.7B
| $646M | 5.72% |
9,418,477
-1,123,437
| -11% | -$73M |
|
|
6
Dell
DELL
$286B
| $533M | 4.71% |
9,483,877
-39,511,520
| -81% | -$2.2B |
|
7
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $530M | 4.69% |
4,000,000
+939,600
| +31% | +$125M |
|
|
TWTR
8
DELISTED
Twitter, Inc.
TWTR
| $432M | 3.82% |
10,000,000
| – | – |
|
9
PUT
VanEck Semiconductor ETF
SMH
$68.6B
| $397M | 3.51% |
2,572,000
+1,834,800
| +249% | +$265M |
|
10
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $383M | 3.39% |
4,000,000
-6,000,000
| -60% | -$615M |
|
|
NLSN
11
DELISTED
Nielsen Holdings plc
NLSN
| $340M | 3.01% |
16,600,000
| – | – |
|
12
PUT
Vanguard Real Estate ETF
VNQ
$39.1B
| $325M | 2.87% |
2,800,000
+1,500,000
| +115% | +$164M |
|
13
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
| $322M | 2.85% |
4,172,700
| – | – |
|
|
UNIT
14
Uniti Group
UNIT
$2.42B
| $287M | 2.54% |
20,475,739
| – | – |
|
15
Peabody Energy
BTU
$3.37B
| $260M | 2.3% |
25,859,970
-1,264,817
| -5% | -$15.4M |
|
16
PUT
iShares US Real Estate ETF
IYR
$4.62B
| $232M | 2.06% |
2,000,000
| – | – |
|
17
PUT
Apple
AAPL
$4.51T
| $213M | 1.89% |
+1,200,000
| New | +$190M |
|
18
PUT
Digital Realty Trust
DLR
$70.5B
| $195M | 1.72% |
1,100,000
+500,000
| +83% | +$80.1M |
|
|
19
CALL
Marathon Petroleum
MPC
$101B
| $192M | 1.7% |
3,000,000
-1,000,000
| -25% | -$64.3M |
|
|
ETWO
20
DELISTED
E2open Parent Holdings
ETWO
| $177M | 1.56% |
15,695,464
-9,307,992
| -37% | -$109M |
|
|
SWCH
21
DELISTED
Switch, Inc. Class A Common Stock
SWCH
| $166M | 1.47% |
+5,785,000
| New | +$151M |
|
22
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $162M | 1.44% |
5,850,000
+850,000
| +17% | +$24M |
|
23
PUT
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $156M | 1.38% |
4,000,000
| – | – |
|
24
PUT
VanEck Oil Services ETF
OIH
$1.95B
| $139M | 1.23% |
750,000
-47,800
| -6% | -$9.64M |
|
25
AT&T
T
$173B
| $123M | 1.09% |
6,620,000
| – | – |
|
Similar funds
Paul Singer's Q4 2021 Portfolio in Review
As of Q4 2021, Paul Singer held 49 positions worth $11.3B, down 19% from $13.9B the previous quarter. Its ten largest holdings account for 62% of the portfolio.
Paul Singer withdrew a net $3.21B in Q4 2021, closing 5 positions and reducing 10 holdings. Its most notable exit was Public Storage, an estimated $171M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 15% of assets, up from 13% a quarter earlier, followed by Energy and Technology.
Against the trend, Paul Singer opened a new position in Switch, Inc. Class A Common Stock worth $166M.
- Paul Singer's largest Q4 2021 buy was Switch, Inc. Class A Common Stock: 5,785,000 shares worth $166M.
- Paul Singer added most to SANTANDER CONSUMER USA HOLDINGS INC in Q4 2021, an estimated $178M increase.
- Paul Singer's biggest Q4 2021 reduction was Dell, cutting an estimated $2.2B.
- Paul Singer fully exited Public Storage in Q4 2021, selling an estimated $171M.
- Paul Singer's ten largest holdings make up 62% of its $11.3B portfolio in Q4 2021.
- Paul Singer opened 2 new positions and closed 5 in Q4 2021.
- Paul Singer's portfolio value fell 19% quarter-over-quarter to $11.3B.
Based on Elliott Investment Management's 13F filing for Q4 2021, filed 14 Feb 2022.