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 |
Triple Flag Precious Metals
TFPM
|
+$63.7M |
| 2 |
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
|
+$29.8M |
| 3 |
RSVR
Reservoir Media
RSVR
|
+$2.66M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$483M |
| 2 |
Howmet Aerospace
HWM
|
+$410M |
| 3 |
State Street SPDR Bloomberg High Yield Bond ETF
JNK
|
+$230M |
| 4 |
Valaris
VAL
|
+$103M |
| 5 |
Peabody Energy
BTU
|
+$50.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 19.13% |
| 2 | Materials | 14.9% |
| 3 | Industrials | 7.74% |
| 4 | Communication Services | 6.74% |
| 5 | Technology | 1.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CALL
Invesco QQQ Trust
QQQ
$486B
| $2.57B | 19.01% |
+8,000,000
| New | +$2.36B |
|
|
2
Triple Flag Precious Metals
TFPM
$6.96B
| $2.01B | 14.9% |
134,587,637
+4,670,000
| +4% | +$63.7M |
|
3
Marathon Petroleum
MPC
$101B
| $1.49B | 11.05% |
11,065,000
| – | – |
|
|
4
Howmet Aerospace
HWM
$108B
| $1.05B | 7.74% |
24,675,873
-10,017,408
| -29% | -$410M |
|
5
Pinterest
PINS
$13.3B
| $761M | 5.64% |
27,912,525
| – | – |
|
6
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $607M | 4.5% |
6,000,000
| – | – |
|
7
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $580M | 4.29% |
14,000,000
-10,100,000
| -42% | -$432M |
|
|
8
Peabody Energy
BTU
$3.37B
| $540M | 4% |
21,109,807
-1,915,193
| -8% | -$50.9M |
|
9
PUT
Vanguard Real Estate ETF
VNQ
$39.1B
| $355M | 2.63% |
4,275,000
+2,525,000
| +144% | +$217M |
|
10
Suncor Energy
SU
$80B
| $310M | 2.3% |
10,000,000
| – | – |
|
11
PUT
VanEck Oil Services ETF
OIH
$1.95B
| $305M | 2.26% |
1,100,000
-1,262,500
| -53% | -$386M |
|
|
12
PUT
Invesco QQQ Trust
QQQ
$486B
| $301M | 2.23% |
+937,500
| New | +$277M |
|
|
13
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$33.1B
| $274M | 2.03% |
2,500,000
+275,000
| +12% | +$29.8M |
|
14
PUT
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $241M | 1.79% |
7,500,000
+4,000,000
| +114% | +$139M |
|
15
Cardinal Health
CAH
$53.4B
| $151M | 1.12% |
2,000,000
| – | – |
|
|
16
Valaris
VAL
$6.09B
| $128M | 0.95% |
1,970,000
-1,480,000
| -43% | -$103M |
|
17
Noble Corp
NE
$7.39B
| $112M | 0.83% |
2,850,000
| – | – |
|
|
ETWO
18
DELISTED
E2open Parent Holdings
ETWO
| $112M | 0.83% |
19,165,321
| – | – |
|
19
PUT
Marriott International
MAR
$92.9B
| $99.6M | 0.74% |
600,000
-300,000
| -33% | -$50M |
|
20
Clarivate
CLVT
$1.33B
| $93.9M | 0.7% |
10,000,000
| – | – |
|
21
PayPal
PYPL
$52.7B
| $75.9M | 0.56% |
1,000,000
| – | – |
|
|
LBRDK
22
DELISTED
Liberty Broadband Class C
LBRDK
| $75M | 0.56% |
917,738
| – | – |
|
23
PUT
Equinix
EQIX
$105B
| $72.1M | 0.53% |
100,000
-75,000
| -43% | -$52.8M |
|
24
PUT
iShares Biotechnology ETF
IBB
$10.7B
| $71.9M | 0.53% |
556,600
-893,400
| -62% | -$117M |
|
|
EDR
25
DELISTED
Endeavor Group Holdings, Inc.
EDR
| $71.8M | 0.53% |
3,000,000
| – | – |
|
Similar funds
Paul Singer's Q1 2023 Portfolio in Review
As of Q1 2023, Paul Singer held 63 positions worth $13.5B, up 10% from $12.3B the previous quarter. Its ten largest holdings account for 76% of the portfolio.
Paul Singer's Q1 2023 filing shows 6 new, 4 increased, 11 reduced and 9 closed positions. Its largest new stake was Reservoir Media: 401,546 shares worth $2.62M. The largest sale was iShares iBoxx $ High Yield Corporate Bond ETF, an estimated $483M.
By sector, the portfolio is most concentrated in Energy at 19% of assets, down from 21% a quarter earlier, followed by Materials and Industrials.
- Paul Singer's largest Q1 2023 buy was Reservoir Media: 401,546 shares worth $2.62M.
- Paul Singer added most to Triple Flag Precious Metals in Q1 2023, an estimated $63.7M increase.
- Paul Singer's biggest Q1 2023 reduction was iShares iBoxx $ High Yield Corporate Bond ETF, cutting an estimated $483M.
- Paul Singer fully exited State Street SPDR Bloomberg High Yield Bond ETF in Q1 2023, selling an estimated $230M.
- Paul Singer's ten largest holdings make up 76% of its $13.5B portfolio in Q1 2023.
- Paul Singer opened 6 new positions and closed 9 in Q1 2023.
- Paul Singer's portfolio value rose 10% quarter-over-quarter to $13.5B.
Based on Elliott Investment Management's 13F filing for Q1 2023, filed 15 May 2023.