Paul Singer runs Elliott Investment Management L.P., a concentrated book of 19 stocks worth $15.9B as of Q1 2026 (disclosed May 15, 2026, a ~45-day 13F lag). This quarter they opened Norwegian Cruise Line Holdin 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 $196.6M in call options (bullish), shown separately below and excluded from the equity book. Cloning the disclosed picks since 2020 would be +573% (+35.6%/yr). That is a simulation of the disclosed long book, not audited returns.
The reported book (valued from quarter-end) returned +706.9%, a 134.4-point gap that is the cost of the ~45-day 13F disclosure lag a real follower can't avoid.
Growth of $10,000 cloning Paul Singer, Elliott Investment Management L.P.'s disclosed long 13F book, rebalanced on each filing date (so it reflects each quarter's actual reporting lag, ~45 days for the latest filing, with no look-ahead), total-return basis (dividends reinvested), derived from end-of-day prices. “Their reported book” values the same picks from quarter-end, before they were public. S&P 500 is SPY total return over the same window. Excludes shorts, cash, options and non-13F holdings. Not investment advice.
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.
100% mapped to company sectors
Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.
Estimated $ traded · quarter-end prices, no cost basis
Other tracked managers holding the same core names as Paul Singer
| Manager / fund | Shared names | Their $ in those |
|---|---|---|
| BlackRock, Inc. | 22 / 19 | $47.8B |
| JPMorgan Chase & Co | 22 / 19 | $10.6B |
| Bank Of America Corp | 22 / 19 | $8.1B |
| Morgan Stanley | 21 / 19 | $9.9B |
| FMR LLC | 21 / 19 | $8.1B |
| Wells Fargo & Company | 21 / 19 | $5.0B |
| UBS Group AG | 21 / 19 | $4.6B |
| Ken Griffin | 21 / 19 | $1.5B |
Ranked by how many of Paul Singer's top 19 disclosed names each fund also holds: a cross-fund conviction signal from the latest 13F of every tracked manager.
19 companies · Q1 2026
| # | Stock | % of book | Value | Shares | Last move |
|---|---|---|---|---|---|
| 1 | Triple Flag Precious MetTFPM | 29.0% | $4.6B | 133.2M | ▼−0.4% Reduced · −568K sh |
| 2 | Phillips 66PSX | 22.0% | $3.5B | 19.3M | —Held |
| 3 | Suncor Energy IncSU | 21.9% | $3.5B | 52.7M | —Held |
| 4 | Southwest Airlines CoLUV | 7.2% | $1.1B | 30.3M | ▼−41% Reduced · −20.8M sh |
| 5 | Hewlett Packard EnterpriseHPE | 4.1% | $652.9M | 27.4M | ▲+47% Added · +8.8M sh |
| 6 | Uniti Group IncUNIT | 3.5% | $553.5M | 59.0M | —Held |
| 7 | Pinterest Inc- Class APINS | 3.2% | $513.5M | 28.0M | —Held |
| 8 | Etsy IncETSY | 1.6% | $249.9M | 5.0M | —Held |
| 9 | Norwegian Cruise Line HoldinNCLH | 1.5% | $246.6M | 13.2M | ▲New +13.2M sh |
| 10 | Seadrill LimitedSDRL | 1.3% | $214.7M | 4.7M | ▲+3.5% Added · +160K sh |
| 11 | Pepsico IncPEP | 1.2% | $198.0M | 1.3M | —Held |
| 12 | Equinix IncEQIX | 0.9% | $147.0M | 150K | —Held |
| 13 | Or Royalties IncOR | 0.7% | $118.3M | 3.1M | —Held |
| 14 | Transocean LtdRIG | 0.7% | $103.6M | 15.6M | ▲New +15.6M sh |
| 15 | Crown Castle IncCCI | 0.6% | $99.6M | 1.2M | —Held |
| 16 | Wayfair IncW 3.5 11/15/28 | 0.2% | $26.2M | 15.0M | —Held |
| 17 | Liberty Capital Corp-CL CGLIBK | 0.2% | $24.6M | 660K | —Held |
| 18 | HDFC Bank Ltd-ADRHDB | 0.1% | $19.8M | 797K | ▲+268% Added · +580K sh |
| 19 | Strategy IncMSTR 0.625 03/15/30 | 0.1% | $11.5M | 10.0M | ▼−38% Reduced · −6.0M sh |
| 20 | FS KKR Capital CorpFSK | 0.0% | $0 | — | ▼−100% Exited |
| 21 | Sensata Technologies HoldingST | 0.0% | $0 | — | ▼−100% Exited |
| 22 | Bill Holdings IncBILL | 0.0% | $0 | — | ▼−100% Exited |
Put / call positions from the 13F — totals include every disclosed option leg
| Type | Underlying | Notional value | Underlying shares |
|---|---|---|---|
| PUT · bearish | SS Industrial Select SectorXLI | $1.2B | 7.5M |
| PUT · bearish | SS Consumer Staples Sel SectXLP | $749.3M | 9.1M |
| PUT · bearish | SS Consumer Disc Select SectXLY | $468.6M | 4.3M |
| PUT · bearish | Ishr Ibx Usd Hiyld CB ETF-UiHYG | $397.8M | 5.0M |
| PUT · bearish | Digital Realty Trust IncDLR | $270.3M | 1.5M |
| PUT · bearish | Invesco QQQ Trust Series 1QQQ | $230.9M | 400K |
| PUT · bearish | Ishares Russell 1000 Value EIWD | $213.7M | 1.0M |
| CALL · bullish | Vaneck Gold Miners ETFGDX | $183.5M | 2.0M |
| PUT · bearish | Vaneck Gold Miners ETFGDX | $151.4M | 1.6M |
| PUT · bearish | Ishares Russell 2000 ETFIWM | $124.0M | 500K |
| PUT · bearish | SS SPDR S&P Metals MiningXME | $97.2M | 900K |
| PUT · bearish | Fortive CorpFTV | $41.5M | 750K |
| PUT · bearish | Emerson Electric CoEMR | $26.2M | 200K |
| CALL · bullish | Wheaton Precious Metals CorpWPM | $13.1M | 100K |
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.
1 vehicle
Aggregated from SEC Form 13F filings (institutional long equity positions, reported quarterly, up to 45 days after quarter-end). Holdings are public domain, sourced to SEC EDGAR. The book totals, weighting, concentration and sectors are long equity only; disclosed put/call options are listed separately and excluded from those figures. The performance line is a simulation of the disclosed long book, not an audited fund return. Every panel is one call to the Arkolith API & MCP server.