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 |
OR Royalties Inc
OR
|
+$32.6M |
| 2 |
Seadrill
SDRL
|
+$26.6M |
| 3 |
HDFC Bank
HDB
|
+$7.8M |
| 4 |
GLIBK
Liberty Capital Corp Series C GCI Group Common Stock
GLIBK
|
+$6.42M |
| 5 |
FS KKR Capital
FSK
|
+$4.01M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
OXLC
Oxford Lane Capital
OXLC
|
+$17.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 22.03% |
| 2 | Materials | 20.16% |
| 3 | Industrials | 9.35% |
| 4 | Communication Services | 3.32% |
| 5 | Technology | 3.18% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Triple Flag Precious Metals
TFPM
$6.96B
| $4.45B | 19.67% |
133,815,727
| – | – |
|
2
Phillips 66
PSX
$96.9B
| $2.48B | 10.99% |
19,251,000
| – | – |
|
3
Suncor Energy
SU
$80B
| $2.34B | 10.34% |
52,670,800
| – | – |
|
4
Southwest Airlines
LUV
$19.8B
| $2.11B | 9.35% |
51,128,500
| – | – |
|
5
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
| $1.55B | 6.88% |
20,000,000
+5,000,000
| +33% | +$390M |
|
6
PUT
VanEck Gold Miners ETF
GDX
$31.8B
| $1.2B | 5.31% |
14,000,000
+2,500,000
| +22% | +$197M |
|
7
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $1.16B | 5.15% |
7,500,000
| – | – |
|
8
PUT
Invesco QQQ Trust
QQQ
$486B
| $921M | 4.08% |
1,500,000
-500,000
| -25% | -$307M |
|
9
Pinterest
PINS
$13.3B
| $725M | 3.21% |
28,000,000
| – | – |
|
10
PUT
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $715M | 3.17% |
16,000,000
| – | – |
|
|
11
CALL
Invesco QQQ Trust
QQQ
$486B
| $614M | 2.72% |
1,000,000
-250,000
| -20% | -$153M |
|
12
PUT
iShares Russell 1000 Value ETF
IWD
$84.2B
| $589M | 2.61% |
2,800,000
-2,200,000
| -44% | -$454M |
|
13
PUT
NVIDIA
NVDA
$5.2T
| $560M | 2.48% |
3,000,000
-1,330,000
| -31% | -$248M |
|
14
Hewlett Packard
HPE
$70.8B
| $448M | 1.98% |
18,630,978
| – | – |
|
|
UNIT
15
Uniti Group
UNIT
$2.42B
| $414M | 1.83% |
59,012,219
| – | – |
|
16
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $306M | 1.36% |
3,800,000
| – | – |
|
17
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.93B
| $303M | 1.34% |
2,398,400
-1,600
| -0.1% | -$207K |
|
18
Etsy
ETSY
$7.44B
| $277M | 1.23% |
5,000,000
| – | – |
|
19
PepsiCo
PEP
$196B
| $183M | 0.81% |
1,275,000
| – | – |
|
20
BILL Holdings
BILL
$4.76B
| $164M | 0.72% |
3,000,000
| – | – |
|
|
21
Seadrill
SDRL
$2.96B
| $158M | 0.7% |
4,558,758
+855,012
| +23% | +$26.6M |
|
22
PUT
Digital Realty Trust
DLR
$70.5B
| $155M | 0.68% |
1,000,000
| – | – |
|
23
Equinix
EQIX
$105B
| $115M | 0.51% |
150,000
| – | – |
|
|
24
OR Royalties Inc
OR
$6.76B
| $110M | 0.49% |
3,111,000
+930,849
| +43% | +$32.6M |
|
25
Crown Castle
CCI
$32.1B
| $109M | 0.48% |
1,225,000
| – | – |
|
Similar funds
Paul Singer's Q4 2025 Portfolio in Review
As of Q4 2025, Paul Singer held 37 positions worth $22.6B, down 0.56% from $22.7B the previous quarter. Its ten largest holdings account for 78% of the portfolio.
Paul Singer withdrew a net $1.17B in Q4 2025, closing 3 positions and reducing 7 holdings. Its most notable exit was Oxford Lane Capital, an estimated $17.3M position sold in full.
By sector, the portfolio is most concentrated in Energy at 22% of assets, up from 22% a quarter earlier, followed by Materials and Industrials.
Against the trend, Paul Singer opened a new position in HDFC Bank worth $7.92M.
- Paul Singer's largest Q4 2025 buy was HDFC Bank: 216,756 shares worth $7.92M.
- Paul Singer added most to OR Royalties Inc in Q4 2025, an estimated $32.6M increase.
- Paul Singer fully exited Oxford Lane Capital in Q4 2025, selling an estimated $17.3M.
- Paul Singer's ten largest holdings make up 78% of its $22.6B portfolio in Q4 2025.
- Paul Singer opened 2 new positions and closed 3 in Q4 2025.
- Paul Singer's portfolio value fell 0.56% quarter-over-quarter to $22.6B.
Based on Elliott Investment Management's 13F filing for Q4 2025, filed 18 Feb 2026.