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 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 $196.6M in call options (bullish), shown separately below and excluded from the equity book. Cloning the disclosed picks since 2020 would be +517% (+34.5%/yr). That is a simulation of the disclosed long book, not audited returns.
The public view is the crawlable proof. The same sourced dataset is available through REST and MCP for agents, research scripts, and back-office tools.
The reported book (valued from quarter-end) returned +633.8%, a 116.4-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 the ~45-day reporting lag, 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.
96% 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
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 Hldgs | 1.5% | $246.6M | 13.2M | ▲New +13.2M sh |
| 10 | Seadrill Ltd | 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 Ltd | 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 Hldg PL | 0.0% | $0 | — | ▼−100% Exited |
| 22 | Bill Holdings Inc | 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 ~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.