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 | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $4.13B | 21.4% |
+7,200,000
| New | +$3.98B |
|
2
Triple Flag Precious Metals
TFPM
$6.96B
| $2.17B | 11.21% |
133,815,727
| – | – |
|
3
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $1.98B | 10.28% |
45,200,000
+16,200,000
| +56% | +$724M |
|
4
Suncor Energy
SU
$80B
| $1.94B | 10.07% |
52,670,800
| – | – |
|
|
5
Southwest Airlines
LUV
$19.8B
| $1.81B | 9.38% |
61,116,500
+55,116,500
| +919% | +$1.53B |
|
6
Pinterest
PINS
$13.3B
| $906M | 4.69% |
28,000,000
| – | – |
|
|
7
NRG Energy
NRG
$23.8B
| $881M | 4.56% |
9,668,000
-691,000
| -7% | -$55M |
|
|
8
Match Group
MTCH
$9.38B
| $456M | 2.36% |
12,054,832
+349,819
| +3% | +$12.2M |
|
9
PUT
VanEck Oil Services ETF
OIH
$1.95B
| $357M | 1.85% |
1,260,000
-190,000
| -13% | -$57.3M |
|
10
PUT
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
| $317M | 1.64% |
7,000,000
-500,000
| -7% | -$21.8M |
|
|
11
Etsy
ETSY
$7.44B
| $278M | 1.44% |
5,000,000
+500,000
| +11% | +$28.4M |
|
12
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $276M | 1.43% |
1,250,000
+250,000
| +25% | +$53.5M |
|
13
PUT
US Global Jets ETF
JETS
$804M
| $265M | 1.37% |
12,800,000
+3,300,000
| +35% | +$62M |
|
14
PUT
State Street SPDR S&P Metals & Mining ETF
XME
$4.63B
| $261M | 1.35% |
4,100,000
-900,000
| -18% | -$53.9M |
|
15
BioMarin Pharmaceuticals
BMRN
$12.9B
| $246M | 1.27% |
3,500,338
| – | – |
|
|
CTLT
16
DELISTED
CATALENT, INC.
CTLT
| $242M | 1.25% |
4,000,000
| – | – |
|
17
Cardinal Health
CAH
$53.4B
| $221M | 1.14% |
2,000,000
| – | – |
|
18
PUT
Invesco QQQ Trust
QQQ
$486B
| $220M | 1.14% |
450,000
-5,460,000
| -92% | -$2.58B |
|
|
LBRDK
19
DELISTED
Liberty Broadband Class C
LBRDK
| $184M | 0.95% |
2,384,481
+191,623
| +9% | +$11.8M |
|
|
20
Western Digital
WDC
$166B
| $154M | 0.8% |
2,976,750
+1,408,995
| +90% | +$71.2M |
|
|
21
Seadrill
SDRL
$2.96B
| $147M | 0.76% |
3,703,746
-347,238
| -9% | -$16M |
|
22
Crown Castle
CCI
$32.1B
| $145M | 0.75% |
1,225,000
| – | – |
|
23
PUT
American Airlines Group
AAL
$9.15B
| $129M | 0.67% |
11,500,000
| – | – |
|
|
ETWO
24
DELISTED
E2open Parent Holdings
ETWO
| $120M | 0.62% |
27,250,000
| – | – |
|
|
25
State Street Utilities Select Sector SPDR ETF
XLU
$22.2B
| $118M | 0.61% |
+2,920,000
| New | +$108M |
|
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.