Elliott Investment Management L.P. holds a concentrated book of 22 stocks worth $15.9B as of Q1 2026 (disclosed May 15, 2026, a ~45-day 13F lag). This quarter they opened NORWEGIAN CRUISE LINE HLDGS and trimmed TRIPLE FLAG PRECIOUS MET. Their largest long position is TRIPLE FLAG PRECIOUS MET at 29% of the equity book. They also disclosed $4.0B in put options (a bearish bet) and $197M in call options (bullish), shown separately below and excluded from the equity book.
Top-heavy: concentrated book
Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.
96% of the book classified
Weight by sector of the resolved book (96% of value classified; unresolved securities excluded). Sectors from our security master.
Estimated $ traded · quarter-end prices, no cost basis
Other tracked managers holding the same names as Elliott Investment Management L.P.
| Manager / fund | Shared names | Their $ in those |
|---|---|---|
| Ken Griffin | 22 / 22 | $1.7B |
| CWM, LLC | 22 / 22 | $145M |
| Steward Partners Investment Advisory, LLC | 22 / 22 | $67M |
| IFP Advisors, Inc | 22 / 22 | $12M |
| Arax Advisory Partners | 22 / 22 | $11M |
| Federation des caisses Desjardins du Quebec | 21 / 22 | $660M |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 21 / 22 | $354M |
| Rockefeller Capital Management L.P. | 21 / 22 | $277M |
Ranked by how many of Elliott Investment Management L.P.'s 22 disclosed names each fund also holds: a cross-fund conviction signal from the latest 13F of every tracked manager.
Bars show each stock's share of the portfolio. Click a row for its position history.
| # | Security | Value | Shares | % Port | Last move | History |
|---|---|---|---|---|---|---|
| 1 | TRIPLE FLAG PRECIOUS METAL COM | $4.6B | 133.25M | 29.0% | ▼−0.4% Reduced · −567.5K sh | |
| 2 | PHILLIPS 66 COM | $3.5B | 19.25M | 22.0% | —Held | |
| 3 | SUNCOR ENERGY INC NEW COM | $3.5B | 52.67M | 21.9% | —Held | |
| 4 | SOUTHWEST AIRLS CO COM | $1.1B | 30.35M | 7.2% | ▼−41% Reduced · −20.78M sh | |
| 5 | HEWLETT PACKARD ENTERPRISE C COM | $652.9M | 27.42M | 4.1% | ▲+47% Added · +8.79M sh | |
| 6 | UNITI GROUP LLC COM SHS | $553.5M | 59.01M | 3.5% | —Held | |
| 7 | PINTEREST INC CL A | $513.5M | 28.00M | 3.2% | —Held | |
| 8 | ETSY INC COM | $249.9M | 5.00M | 1.6% | —Held | |
| 9 | NORWEGIAN CRUISE LINE HLDGS SHS | $246.6M | 13.19M | 1.5% | ▲New New position | |
| 10 | SEADRILL LTD COM | $214.7M | 4.72M | 1.3% | ▲+3.5% Added · +160.3K sh | |
| 11 | PEPSICO INC COM | $198.0M | 1.27M | 1.2% | —Held | |
| 12 | EQUINIX INC COM | $147.0M | 150.0K | 0.9% | —Held | |
| 13 | OR ROYALTIES INC. COM SHS | $118.3M | 3.11M | 0.7% | —Held | |
| 14 | TRANSOCEAN LTD REGISTERED SHS | $103.6M | 15.63M | 0.7% | ▲New New position | |
| 15 | CROWN CASTLE INC COM | $99.6M | 1.23M | 0.6% | —Held | |
| 16 | WAYFAIR INC NOTE 3.500%11/1 | $26.2M | 15.00M | 0.2% | —Held | |
| 17 | GCI LIBERTY INC COM SER C | $24.6M | 659.9K | 0.2% | —Held | |
| 18 | HDFC BANK LTD SPONSORED ADS | $19.8M | 797.1K | 0.1% | ▲+268% Added · +580.3K sh | |
| 19 | STRATEGY INC NOTE 0.625% 3/1 | $11.5M | 10.00M | 0.1% | ▼−38% Reduced · −6.00M sh | |
| 20 | BILL HOLDINGS INC COM | $0 | 0 | 0.0% | ▼−100% Exited | |
| 21 | FS KKR CAP CORP COM | $0 | 0 | 0.0% | ▼−100% Exited | |
| 22 | SENSATA TECHNOLOGIES HLDG PL SHS | $0 | 0 | 0.0% | ▼−100% Exited |
Put / call positions from the 13F — excluded from the equity book, concentration and sectors above
| Type | Underlying | Notional value | Underlying shares |
|---|---|---|---|
| PUT · bearish | SS INDUSTRIAL SELECT SECTORXLI | $2.4B | 20.94M |
| PUT · bearish | ISHR IBX USD HIYLD CB ETF-UIHYG | $398M | 5.00M |
| PUT · bearish | ISHARES RUSSELL 2000 ETFIWD | $338M | 1.50M |
| PUT · bearish | DIGITAL REALTY TRUST INCDLR | $270M | 1.50M |
| PUT · bearish | NASDAQ-100 INDEX TRCKNG STCKQQQ | $231M | 400.0K |
| CALL · bullish | VANECK GOLD MINERS ETFGDX | $184M | 2.00M |
| PUT · bearish | VANECK GOLD MINERS ETFGDX | $151M | 1.65M |
| PUT · bearish | SS SPDR S&P METALS MININGXME | $97M | 900.0K |
| PUT · bearish | FORTIVE CORPFTV | $41M | 750.0K |
| PUT · bearish | EMERSON ELECTRIC COEMR | $26M | 200.0K |
| CALL · bullish | WHEATON PRECIOUS METALS CORPWPM | $13M | 100.0K |
13F filers disclose option positions at the market value of the underlying the contracts reference, not the premium paid. A put is a bearish bet (it gains if the stock falls); a call is bullish. “Underlying shares” is the share count the contracts control, not a share holding. These legs are excluded from the equity book, weighting, concentration and sector figures above.
As-of date vs the date the SEC received each filing
Founder of Elliott Management Corporation.
Holdings from SEC EDGAR 13F-HR filings, updated quarterly ~45 days after quarter-end. Public domain. The book and weighting are long equity only; disclosed put/call options are listed separately and excluded from those totals. The performance line is a simulation of the disclosed long book, not an audited return.