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 |
Norwegian Cruise Line
NCLH
|
+$288M |
| 2 |
Hewlett Packard
HPE
|
+$195M |
| 3 |
Transocean
RIG
|
+$88M |
| 4 |
HDFC Bank
HDB
|
+$18M |
| 5 |
Seadrill
SDRL
|
+$6.54M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Southwest Airlines
LUV
|
+$938M |
| 2 |
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
|
+$306M |
| 3 |
BILL Holdings
BILL
|
+$164M |
| 4 |
Sensata Technologies
ST
|
+$108M |
| 5 |
Triple Flag Precious Metals
TFPM
|
+$20.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 36.33% |
| 2 | Materials | 23.58% |
| 3 | Industrials | 5.67% |
| 4 | Real Estate | 3.98% |
| 5 | Technology | 3.25% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Triple Flag Precious Metals
TFPM
$6.96B
| $4.63B | 22.99% |
133,248,215
-567,512
| -0.4% | -$20.5M |
|
2
Phillips 66
PSX
$96.9B
| $3.51B | 17.44% |
19,251,000
| – | – |
|
3
Suncor Energy
SU
$80B
| $3.48B | 17.31% |
52,670,800
| – | – |
|
4
PUT
State Street Industrial Select Sector SPDR ETF
XLI
$33.8B
| $1.21B | 6.03% |
7,500,000
| – | – |
|
|
5
Southwest Airlines
LUV
$19.8B
| $1.14B | 5.67% |
30,346,000
-20,782,500
| -41% | -$938M |
|
6
PUT
State Street Consumer Staples Select Sector SPDR ETF
XLP
$14.9B
| $749M | 3.73% |
9,140,000
-10,860,000
| -54% | -$915M |
|
|
7
Hewlett Packard
HPE
$70.8B
| $653M | 3.25% |
27,421,735
+8,790,757
| +47% | +$195M |
|
|
UNIT
8
Uniti Group
UNIT
$2.42B
| $554M | 2.75% |
59,012,219
| – | – |
|
9
Pinterest
PINS
$13.3B
| $514M | 2.55% |
28,000,000
| – | – |
|
10
PUT
State Street Consumer Discretionary Select Sector SPDR ETF
XLY
$23.4B
| $469M | 2.33% |
+4,300,000
| New | +$503M |
|
|
11
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$17.8B
| $398M | 1.98% |
+5,000,000
| New | +$402M |
|
12
PUT
Digital Realty Trust
DLR
$70.5B
| $270M | 1.34% |
1,500,000
+500,000
| +50% | +$85.5M |
|
13
Etsy
ETSY
$7.44B
| $250M | 1.24% |
5,000,000
| – | – |
|
|
14
Norwegian Cruise Line
NCLH
$7.92B
| $247M | 1.23% |
+13,186,000
| New | +$288M |
|
15
PUT
Invesco QQQ Trust
QQQ
$486B
| $231M | 1.15% |
400,000
-1,100,000
| -73% | -$668M |
|
|
16
Seadrill
SDRL
$2.96B
| $215M | 1.07% |
4,719,085
+160,327
| +4% | +$6.54M |
|
17
PUT
iShares Russell 1000 Value ETF
IWD
$84.2B
| $214M | 1.06% |
1,000,000
-1,800,000
| -64% | -$394M |
|
18
PepsiCo
PEP
$196B
| $198M | 0.98% |
1,275,000
| – | – |
|
19
CALL
VanEck Gold Miners ETF
GDX
$31.8B
| $184M | 0.91% |
+2,000,000
| New | +$197M |
|
|
20
PUT
VanEck Gold Miners ETF
GDX
$31.8B
| $151M | 0.75% |
1,650,000
-12,350,000
| -88% | -$1.22B |
|
21
Equinix
EQIX
$105B
| $147M | 0.73% |
150,000
| – | – |
|
22
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $124M | 0.62% |
+500,000
| New | +$129M |
|
23
OR Royalties Inc
OR
$6.76B
| $118M | 0.59% |
3,111,000
| – | – |
|
|
24
Transocean
RIG
$6.61B
| $104M | 0.52% |
+15,626,834
| New | +$88M |
|
25
Crown Castle
CCI
$32.1B
| $99.6M | 0.5% |
1,225,000
| – | – |
|
Similar funds
Paul Singer's Q1 2026 Portfolio in Review
As of Q1 2026, Paul Singer held 43 positions worth $20.1B, down 11% from $22.6B the previous quarter. Its ten largest holdings account for 84% of the portfolio.
Paul Singer withdrew a net $5.12B in Q1 2026, closing 10 positions and reducing 6 holdings. Its most notable exit was iShares iBoxx $ High Yield Corporate Bond ETF, an estimated $306M position sold in full.
By sector, the portfolio is most concentrated in Energy at 36% of assets, up from 22% a quarter earlier, followed by Materials and Industrials.
Against the trend, Paul Singer opened a new position in Norwegian Cruise Line worth $247M.
- Paul Singer's largest Q1 2026 buy was Norwegian Cruise Line: 13,186,000 shares worth $247M.
- Paul Singer added most to Hewlett Packard in Q1 2026, an estimated $195M increase.
- Paul Singer's biggest Q1 2026 reduction was Southwest Airlines, cutting an estimated $938M.
- Paul Singer fully exited iShares iBoxx $ High Yield Corporate Bond ETF in Q1 2026, selling an estimated $306M.
- Paul Singer's ten largest holdings make up 84% of its $20.1B portfolio in Q1 2026.
- Paul Singer opened 9 new positions and closed 10 in Q1 2026.
- Paul Singer's portfolio value fell 11% quarter-over-quarter to $20.1B.
Based on Elliott Investment Management's 13F filing for Q1 2026, filed 15 May 2026.