Elliott Investment Management L.P. 13F annual report
Elliott Investment Management L.P. is an investment fund managing more than $4.69 billion ran by Paul Singer. There are currently 20 companies in Mr. Singer’s portfolio. The largest investments include Howmet Aerospace and Marathon Pete Corp, together worth $2.2 billion.
$4.69 billion Assets Under Management (AUM)
As of 8th August 2022, Elliott Investment Management L.P.’s top holding is 41,065,000 shares of Howmet Aerospace currently worth over $1.29 billion and making up 27.5% of the portfolio value.
Relative to the number of outstanding shares of Howmet Aerospace, Elliott Investment Management L.P. owns less than approximately 0.1% of the company.
In addition, the fund holds 11,065,000 shares of Marathon Pete Corp worth $910 million.
The third-largest holding is Peabody Engr Corp worth $552 million and the next is Nielsen Hldgs Plc worth $385 million, with 16,600,000 shares owned.
Currently, Elliott Investment Management L.P.'s portfolio is worth at least $4.69 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Elliott Investment Management L.P.
The Elliott Investment Management L.P. office and employees reside in West Palm Beach, Florida. According to the last 13-F report filed with the SEC, Paul Singer serves as the President at Elliott Investment Management L.P..
Recent trades
In the most recent 13F filing, Elliott Investment Management L.P. revealed that it had opened a new position in
Suncor and bought 10,000,000 shares worth $351 million.
This means they effectively own approximately 0.1% of the company.
Suncor makes up
82.9%
of the fund's Energy sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Marathon Pete Corp by buying
495,000 additional shares.
This makes their stake in Marathon Pete Corp total 11,065,000 shares worth $910 million.
On the other hand, there are companies that Elliott Investment Management L.P. is getting rid of from its portfolio.
Elliott Investment Management L.P. closed its position in Santander Consumer Usa Hldgs on 15th August 2022.
It sold the previously owned 16,743,397 shares for $704 million.
Paul Singer also disclosed a decreased stake in Valaris Limited by 0.1%.
This leaves the value of the investment at $84 million and 1,989,332 shares.
One of the largest hedge funds
The two most similar investment funds to Elliott Investment Management L.P. are Xact Kapitalforvaltning Ab and Briar Hall Management. They manage $4.7 billion and $4.71 billion respectively.
Paul Singer investment strategy
Elliott Investment Management L.P.’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Miscellaneous — making up 27.5% of
the total portfolio value.
The fund focuses on investments in the United States as
45.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
20% of the total holdings value.
On the other hand, small-cap stocks make up only 5.0% of the portfolio.
The average market cap of the portfolio companies is close to $21.1 billion.
The complete list of Elliott Investment Management L.P. trades based on 13F SEC filings
These positions were updated on August 15th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Howmet Aerospace Inc. |
No change
41,065,000
|
$1,291,494,000 | 27.51% |
| Marathon Pete Corp |
4.68%
11,065,000
|
$909,654,000 | 19.38% |
| Santander Consumer Usa Hldgs |
Closed
16,743,397
|
$703,558,000 | |
| Evergy Inc |
Closed
9,418,477
|
$646,202,000 | |
| Peabody Engr Corp |
No change
25,859,970
|
$551,593,000 | 11.75% |
| Dell Technologies Inc |
Closed
9,483,877
|
$532,709,000 | |
| Twitter Inc |
Closed
10,000,000
|
$432,200,000 | |
| Nielsen Hldgs Plc |
No change
16,600,000
|
$385,452,000 | 8.21% |
| Suncor Energy, Inc. |
Opened
10,000,000
|
$350,744,000 | 7.47% |
| Switch Inc |
No change
5,785,000
|
$193,798,000 | 4.13% |
| Uniti Group Inc |
No change
20,475,739
|
$192,881,000 | 4.11% |
| E2open Parent Holdings Inc |
2.99%
16,165,321
|
$125,766,000 | 2.68% |
| AT&T Inc. |
Closed
5,000,000
|
$123,000,000 | |
| Aerojet Rocketdyne Holdings Inc |
Opened
3,000,000
|
$121,800,000 | 2.59% |
| Citrix Sys Inc |
No change
1,200,000
|
$116,604,000 | 2.48% |
| Healthcare Tr Amer Inc |
Closed
3,325,000
|
$111,022,000 | |
| Duke Energy Corp. |
Closed
1,000,000
|
$104,900,000 | |
| Pinterest Inc |
Opened
5,000,000
|
$90,800,000 | 1.93% |
| Valaris Limited |
10.85%
1,989,332
|
$84,029,000 | 1.79% |
| APA Corporation |
Closed
2,750,000
|
$73,948,000 | |
| Noble Corp |
9.35%
2,850,000
|
$72,248,000 | 1.54% |
| PayPal Holdings Inc |
Opened
1,000,000
|
$69,840,000 | 1.49% |
| Endeavor Group Hldgs Inc |
Opened
3,000,000
|
$61,680,000 | 1.31% |
| Western Digital Corp. |
Opened
1,185,000
|
$53,124,000 | 1.13% |
| Arconic Corporation |
Closed
550,000
|
$18,156,000 | |
| Polestar Automotive Hldg Uk |
Opened
1,566,948
|
$13,805,000 | 0.29% |
| CorMedix Inc |
No change
1,550,523
|
$6,233,000 | 0.13% |
| Diamond Offshore Drilling In |
Opened
330,000
|
$1,944,000 | 0.04% |
| Principal Financial Group In |
No change
5,000
|
$334,000 | 0.01% |
| No transactions found | |||
| Showing first 500 out of 29 holdings | |||
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