Elliott Investment Management L.P.
Elliott Investment Management L.P. is an American hedge fund and investment management firm, recognized as one of the world's largest activist funds. Originally founded in New York City in 1977 by Paul Singer, the firm's headquarters moved to West Palm Beach, Florida in 2020. As of mid-2024, Elliott has approximately 570 employees globally, with major offices in New York, London, Tokyo, and Hong Kong. The firm primarily serves institutional investors and high-net-worth individuals, managing capital across multiple strategies.
Investment Strategy
Elliott Investment Management employs a multi-strategy hedge fund approach, with a particular emphasis on activism. The firm engages in equity, credit, and event-driven investments, frequently taking significant positions in public companies to effect change in operations, governance, or capital structure. Elliott is known for pursuing value creation through active engagement with management and boards, and has a history of investing in both the equity and debt of underperforming companies across geographies and sectors. Core strategies have transitioned over decades, with activist campaigns targeting large corporations for restructuring, operational improvements, and asset sales to unlock shareholder value.
Top Holdings
Equity Positions (17)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
T TFPM.TO | TRIPLE FLAG PRECIOUS METAL | 18.02% | $3.17B | 133,815,727 | $17.60 | $32.29 | +$607.5M |
P PSX | PHILLIPS 66 | 13.05% | $2.30B | 19,251,000 | $121.58 | $119.30 | +$354.9M |
S SU | SUNCOR ENERGY INC NEW | 11.21% | $1.97B | 52,670,800 | $36.41 | $37.45 | -$66.9M |
L LUV | SOUTHWEST AIRLS CO | 9.95% | $1.75B | 53,978,500 | $29.48 | $32.44 | -$61.5M |
P PINS | PINTEREST INC | 5.71% | $1.00B | 28,000,000 | $22.85 | $35.86 | +$136.1M |
Options Positions (10)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
S SPY | SPDR S&P 500 ETF TR | Bought | Put | $1.33B | 21,600 | $617.85 | $617.85 | +21,600 | +$1.33B |
Q QQQ | INVESCO QQQ TR | Bought | Put | $1.10B | 20,000 | $551.64 | $505.68 | +3,875 | +$347.1M |
I IWD | ISHARES TR | Sold | Put | $971.1M | 50,000 | $194.23 | $188.16 | -5,000 | -$63.7M |
X XLI | SELECT SECTOR SPDR TR | Sold | Put | $516.3M | 35,000 | $147.52 | $131.24 | -90,000 | -$1.12B |
N NVDA | NVIDIA CORPORATION | Bought | Put | $407.6M | 25,800 | $157.99 | $157.99 | +25,800 | +$407.6M |