Elliott Investment Management 13F, Q4 2025
Paul Singer · quarter ending 31 December 2025 · filed 18 February 2026 · SEC CIK 1791786
Common stock only: shares the fund reported owning at the quarter end, valued as filed. The filing also lists 13 put and call lines, reported at the value of the underlying shares; they are not ownership and are not in these totals.
Largest positions, Q4 2025
Weights are against the whole filed book. Changes are in shares held, against the Q3 2025 filing.
| Company | Ticker | Value | % of book | vs Q3 2025 |
|---|---|---|---|---|
| TRIPLE FLAG PRECIOUS METAL | TFPM | $4.45B | 30.5% | unchanged |
| PHILLIPS 66 | PSX | $2.48B | 17.0% | unchanged |
| SUNCOR ENERGY INC NEW | SU | $2.34B | 16.0% | unchanged |
| SOUTHWEST AIRLS CO | LUV | $2.11B | 14.5% | unchanged |
| PINTEREST INC | PINS | $724.92M | 5.0% | unchanged |
| HEWLETT PACKARD ENTERPRISE C | HPE | $447.52M | 3.1% | unchanged |
| UNITI GROUP LLC | UNIT | $413.68M | 2.8% | unchanged |
| ISHARES TR | HYG | $306.39M | 2.1% | unchanged |
| ETSY INC | ETSY | $277.20M | 1.9% | unchanged |
| PEPSICO INC | PEP | $182.99M | 1.3% | unchanged |
| BILL HOLDINGS INC | BILL | $163.62M | 1.1% | unchanged |
| SEADRILL LTD | $157.73M | 1.1% | +23% shares | |
| EQUINIX INC | EQIX | $114.92M | 0.8% | unchanged |
| OR ROYALTIES INC. | OR | $110.10M | 0.8% | +43% shares |
| CROWN CASTLE INC | CCI | $108.87M | 0.8% | unchanged |
| SENSATA TECHNOLOGIES HLDG PL | $108.19M | 0.7% | unchanged | |
| WAYFAIR INC | W 3.5 11/15/28 | $34.33M | 0.2% | unchanged |
| GCI LIBERTY INC | GLIBK | $24.56M | 0.2% | +38% shares |
| STRATEGY INC | MSTR 0.625 03/15/30 | $22.71M | 0.2% | unchanged |
| HDFC BANK LTD | HDB | $7.92M | 0.1% | new |
| FS KKR CAP CORP | FSK | $3.92M | 0.0% | new |
What changed since Q3 2025
Against the Q3 2025 filing, Elliott Investment Management opened 2 new positions, added to 3, trimmed 0, left 16 unchanged and exited 1. Every position is compared, matched on its CUSIP; a change of 2% or less in shares counts as unchanged.
Other quarters
Source: SEC Form 13F-HR, accession 0001013594-26-000272, filed by Elliott Investment Management L.P.. Values are as filed and cover US-listed positions only; a 13F does not show short positions or holdings outside the US. A 13F may be filed up to 45 days after the quarter ends, so the fund may have traded since. Educational information, not financial advice.