Elliott Investment Management L.P.
Institutional investor · Portfolio as of Q4 2025
Top Holdings34 positions
Stock | Shares | Value | Weight | Avg Buy | Est. P&L | Held | Conviction |
|---|---|---|---|---|---|---|---|
TRIPLE FLAG PRECIOUS METAL | 133.8M | $4.4B | 19.7% | $11.89 | +180.99% | 14 qtrssince 2022-Q3 | Unchanged 0 |
PHILLIPS 66 COM STK | 19.3M | $2.5B | 11.0% | $116.89 | +10.84% | 11 qtrssince 2023-Q2 | Unchanged 0 |
SUNCOR ENERGY INC | 52.7M | $2.3B | 10.3% | $33.79 | +31.70% | 16 qtrssince 2022-Q1 | Unchanged 0 |
SOUTHWEST AIRLINES CO | 51.1M | $2.1B | 9.4% | $28.65 | +44.07% | 7 qtrssince 2024-Q2 | Unchanged 0 |
CONSUMER STAPLES SPDR | 20M | $1.6B | 6.9% | — | — | — | Increased — |
VANECK GOLD MINERS ETF | 14M | $1.2B | 5.3% | — | — | — | Increased — |
INDUSTRIAL SELECT SECT SPDR | 7.5M | $1.2B | 5.1% | — | — | — | Unchanged — |
INVESCO QQQ TRUST SERIES 1 CL USD INC | 1.5M | $921.5M | 4.1% | — | — | — | Decreased — |
PINTEREST INC- CLASS A | 28M | $724.9M | 3.2% | $23.13 | +12.54% | 15 qtrssince 2022-Q2 | Unchanged 0 |
ENERGY SELECT SECTOR SPDR | 16M | $715.4M | 3.2% | — | — | — | Increased — |
INVESCO QQQ TRUST SERIES 1 CL USD INC | 1M | $614.3M | 2.7% | — | — | — | Decreased — |
ISHARES TR RUSSELL 1000 VALUE INDEX FUND | 2.8M | $589M | 2.6% | — | — | — | Decreased — |
NVIDIA CORP | 3M | $559.5M | 2.5% | — | — | — | Decreased — |
HEWLETT PACKARD ENTERPRIS COM | 18.6M | $447.5M | 2.0% | $18.20 | +32.25% | 3 qtrssince 2025-Q2 | Unchanged 0 |
UNITI GROUP LLC | 59M | $413.7M | 1.8% | $6.04 | +14.57% | 2 qtrssince 2025-Q3 | Unchanged 0 |
ISHR IBX USD HIYLD CB ETF-UI | 3.8M | $306.4M | 1.4% | $75.34 | +5.67% | 3 qtrssince 2025-Q2 | Unchanged 0 |
SPDR SERIES TRUST | 2.4M | $302.8M | 1.3% | — | — | — | Decreased — |
ETSY INC | 5M | $277.2M | 1.2% | $67.86 | -18.43% | 9 qtrssince 2023-Q4 | Unchanged 0 |
PEPSICO INC | 1.3M | $183M | 0.8% | $138.81 | +3.85% | 2 qtrssince 2025-Q3 | Unchanged 0 |
BILL Holdings, Inc. | 3M | $163.6M | 0.7% | $54.53 | -8.71% | 2 qtrssince 2025-Q3 | Unchanged 0 |
Elliott Investment Management L.P. manages $22.6B across 34 positions as of Q4 2025. Top holdings: TFPM (19.7%), PSX (11.0%), SU (10.3%). Fund DNA: Concentrated Value. HoldingsIntel Rating: 2.5/5.0.
Added 2 new positions, exited 1, increased 3. No standout high-conviction moves this quarter. Portfolio: $22.6B across 34 positions.
Top holdings by portfolio weight
Portfolio allocation by GICS sector
Behavioral investing profile
Position Outcomes
Best and worst performing positions by estimated return
Top Winners
Top Losers
Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.
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Data sourced from SEC EDGAR 13F filings. Not financial advice. Full disclaimer