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 |
Phillips 66
PSX
|
+$1.84B |
| 2 |
Equinix
EQIX
|
+$135M |
| 3 |
OR Royalties Inc
OR
|
+$41.9M |
| 4 |
SNDK
Sandisk
SNDK
|
+$37.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NRG Energy
NRG
|
+$433M |
| 2 |
Match Group
MTCH
|
+$198M |
| 3 |
Southwest Airlines
LUV
|
+$180M |
| 4 |
Western Digital
WDC
|
+$34.5M |
| 5 |
CorMedix
CRMD
|
+$4.41M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 27.13% |
| 2 | Materials | 17.21% |
| 3 | Industrials | 12.05% |
| 4 | Communication Services | 8.3% |
| 5 | Real Estate | 1.99% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Triple Flag Precious Metals
TFPM
$6.96B
| $2.56B | 16.91% |
133,815,727
| – | – |
|
2
Suncor Energy
SU
$80B
| $2.04B | 13.46% |
52,670,800
| – | – |
|
|
3
Phillips 66
PSX
$96.9B
| $1.94B | 12.81% |
15,725,000
+14,950,000
| +1,929% | +$1.84B |
|
|
4
Southwest Airlines
LUV
$19.8B
| $1.81B | 11.96% |
53,978,500
-5,688,000
| -10% | -$180M |
|
5
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $1.64B | 10.81% |
12,500,000
+9,500,000
| +317% | +$1.28B |
|
6
PUT
iShares Russell 1000 Value ETF
IWD
$84.2B
| $1.03B | 6.83% |
+5,500,000
| New | +$1.05B |
|
7
Pinterest
PINS
$13.3B
| $868M | 5.73% |
28,000,000
| – | – |
|
8
PUT
Invesco QQQ Trust
QQQ
$486B
| $756M | 4.99% |
1,612,500
-500,000
| -24% | -$254M |
|
9
BioMarin Pharmaceuticals
BMRN
$12.9B
| $247M | 1.63% |
3,500,338
| – | – |
|
10
Etsy
ETSY
$7.44B
| $236M | 1.56% |
5,000,000
| – | – |
|
|
LBRDK
11
DELISTED
Liberty Broadband Class C
LBRDK
| $203M | 1.34% |
2,384,481
| – | – |
|
|
12
Match Group
MTCH
$9.38B
| $187M | 1.24% |
6,000,000
-6,054,832
| -50% | -$198M |
|
13
Crown Castle
CCI
$32.1B
| $128M | 0.84% |
1,225,000
| – | – |
|
14
PUT
Cisco
CSCO
$438B
| $123M | 0.81% |
+2,000,000
| New | +$123M |
|
|
15
Equinix
EQIX
$105B
| $122M | 0.81% |
+150,000
| New | +$135M |
|
16
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $99.7M | 0.66% |
+500,000
| New | +$108M |
|
17
Seadrill
SDRL
$2.96B
| $92.6M | 0.61% |
3,703,746
| – | – |
|
18
PUT
VanEck Gold Miners ETF
GDX
$31.8B
| $91.9M | 0.61% |
+2,000,000
| New | +$80.9M |
|
|
19
Western Digital
WDC
$166B
| $91M | 0.6% |
2,250,000
-726,750
| -24% | -$34.5M |
|
20
CALL
Texas Instruments
TXN
$241B
| $89.8M | 0.59% |
500,000
| – | – |
|
21
Sensata Technologies
ST
$6.23B
| $78.9M | 0.52% |
3,250,000
| – | – |
|
22
PUT
State Street SPDR S&P Metals & Mining ETF
XME
$4.63B
| $75.6M | 0.5% |
1,350,000
-1,350,000
| -50% | -$79.3M |
|
23
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $73.4M | 0.48% |
557,200
+163,000
| +41% | +$21.9M |
|
|
ETWO
24
DELISTED
E2open Parent Holdings
ETWO
| $54.5M | 0.36% |
27,250,000
| – | – |
|
|
UNIT
25
Uniti Group
UNIT
$2.42B
| $51M | 0.34% |
10,120,963
| – | – |
|
Similar funds
Paul Singer's Q1 2025 Portfolio in Review
As of Q1 2025, Paul Singer held 49 positions worth $15.2B, down 9.1% from $16.7B the previous quarter. Its ten largest holdings account for 87% of the portfolio.
Paul Singer withdrew a net $2.14B in Q1 2025, closing 8 positions and reducing 7 holdings. Its most notable exit was NRG Energy, an estimated $433M position sold in full.
By sector, the portfolio is most concentrated in Energy at 27% of assets, up from 13% a quarter earlier, followed by Materials and Industrials.
Against the trend, Paul Singer opened a new position in Equinix worth $122M.
- Paul Singer's largest Q1 2025 buy was Equinix: 150,000 shares worth $122M.
- Paul Singer added most to Phillips 66 in Q1 2025, an estimated $1.84B increase.
- Paul Singer's biggest Q1 2025 reduction was Match Group, cutting an estimated $198M.
- Paul Singer fully exited NRG Energy in Q1 2025, selling an estimated $433M.
- Paul Singer's ten largest holdings make up 87% of its $15.2B portfolio in Q1 2025.
- Paul Singer opened 7 new positions and closed 8 in Q1 2025.
- Paul Singer's portfolio value fell 9.1% quarter-over-quarter to $15.2B.
Based on Elliott Investment Management's 13F filing for Q1 2025, filed 15 May 2025.