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 |
AJRD
Aerojet Rocketdyne Holdings
AJRD
|
+$121M |
| 2 |
Pinterest
PINS
|
+$105M |
| 3 |
PayPal
PYPL
|
+$86.8M |
| 4 |
EDR
Endeavor Group Holdings, Inc.
EDR
|
+$68.1M |
| 5 |
Western Digital
WDC
|
+$63M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWTR
Twitter, Inc.
TWTR
|
+$387M |
| 2 |
Evergy
EVRG
|
+$153M |
| 3 |
AT&T
T
|
+$118M |
| 4 |
APA Corp
APA
|
+$114M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 22.72% |
| 2 | Industrials | 20.74% |
| 3 | Communication Services | 3.99% |
| 4 | Technology | 3.41% |
| 5 | Real Estate | 2.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Howmet Aerospace
HWM
$108B
| $1.29B | 14.89% |
41,065,000
| – | – |
|
2
Marathon Petroleum
MPC
$101B
| $910M | 10.49% |
11,065,000
| – | – |
|
3
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $736M | 8.49% |
10,000,000
+8,000,000
| +400% | +$622M |
|
4
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $734M | 8.47% |
20,540,000
+10,010,000
| +95% | +$402M |
|
5
CALL
Invesco QQQ Trust
QQQ
$486B
| $561M | 6.46% |
2,000,000
+500,000
| +33% | +$155M |
|
6
Peabody Energy
BTU
$3.37B
| $552M | 6.36% |
25,859,970
| – | – |
|
|
7
PUT
Invesco QQQ Trust
QQQ
$486B
| $494M | 5.7% |
1,762,500
-631,900
| -26% | -$196M |
|
|
NLSN
8
DELISTED
Nielsen Holdings plc
NLSN
| $385M | 4.44% |
16,600,000
| – | – |
|
9
Suncor Energy
SU
$80B
| $351M | 4.04% |
10,000,000
| – | – |
|
10
PUT
VanEck Oil Services ETF
OIH
$1.95B
| $222M | 2.56% |
955,000
+565,000
| +145% | +$155M |
|
11
PUT
State Street Health Care Select Sector SPDR ETF
XLV
$45.5B
| $210M | 2.42% |
1,639,800
+469,900
| +40% | +$61.6M |
|
|
SWCH
12
DELISTED
Switch, Inc. Class A Common Stock
SWCH
| $194M | 2.23% |
5,785,000
| – | – |
|
13
PUT
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $193M | 2.23% |
1,755,000
-395,000
| -18% | -$44.6M |
|
|
UNIT
14
Uniti Group
UNIT
$2.42B
| $193M | 2.22% |
20,475,739
| – | – |
|
15
PUT
Equinix
EQIX
$105B
| $192M | 2.21% |
292,300
+167,300
| +134% | +$116M |
|
16
PUT
Digital Realty Trust
DLR
$70.5B
| $166M | 1.91% |
1,277,800
+427,800
| +50% | +$59.1M |
|
17
PUT
Vanguard Real Estate ETF
VNQ
$39.1B
| $137M | 1.58% |
1,500,000
+1,200,000
| +400% | +$120M |
|
|
ETWO
18
DELISTED
E2open Parent Holdings
ETWO
| $126M | 1.45% |
16,165,321
| – | – |
|
|
AJRD
19
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $122M | 1.4% |
+3,000,000
| New | +$121M |
|
|
CTXS
20
DELISTED
Citrix Systems Inc
CTXS
| $117M | 1.34% |
1,200,000
| – | – |
|
|
21
Pinterest
PINS
$13.3B
| $90.8M | 1.05% |
+5,000,000
| New | +$105M |
|
22
Valaris
VAL
$6.09B
| $84M | 0.97% |
1,989,332
+89,332
| +5% | +$4.81M |
|
23
PUT
iShares Biotechnology ETF
IBB
$10.7B
| $78.8M | 0.91% |
+670,000
| New | +$79.5M |
|
24
Noble Corp
NE
$7.39B
| $72.2M | 0.83% |
2,850,000
+246,018
| +9% | +$8.1M |
|
|
25
PayPal
PYPL
$52.7B
| $69.8M | 0.81% |
+1,000,000
| New | +$86.8M |
|
Similar funds
Paul Singer's Q2 2022 Portfolio in Review
As of Q2 2022, Paul Singer held 53 positions worth $8.67B, down 13% from $10B the previous quarter. Its ten largest holdings account for 72% of the portfolio.
Paul Singer withdrew a net $285M in Q2 2022, closing 11 positions and reducing 2 holdings. Its most notable exit was Twitter, Inc., an estimated $387M position sold in full.
By sector, the portfolio is most concentrated in Energy at 23% of assets, up from 22% a quarter earlier, followed by Industrials and Communication Services.
Against the trend, Paul Singer opened a new position in Aerojet Rocketdyne Holdings worth $122M.
- Paul Singer's largest Q2 2022 buy was Aerojet Rocketdyne Holdings: 3,000,000 shares worth $122M.
- Paul Singer added most to Noble Corp in Q2 2022, an estimated $8.1M increase.
- Paul Singer fully exited Twitter, Inc. in Q2 2022, selling an estimated $387M.
- Paul Singer's ten largest holdings make up 72% of its $8.67B portfolio in Q2 2022.
- Paul Singer opened 9 new positions and closed 11 in Q2 2022.
- Paul Singer's portfolio value fell 13% quarter-over-quarter to $8.67B.
Based on Elliott Investment Management's 13F filing for Q2 2022, filed 15 Aug 2022.