# Elliott Investment Management (Paul Singer): 13F portfolio, Q2 2026

Paul Singer's investment firm, West Palm Beach.

Source: SEC Form 13F filed 2026-08-14 for the quarter ended 2026-06-30: https://www.sec.gov/Archives/edgar/data/1791786/000101359426000915/0001013594-26-000915-index.htm
Values are as the manager reported them in the filing, not current market prices.
Page: https://valuepeg.com/managers/elliott-investment-management
Updated: 2026-08-14 · Next filing due by 2026-11-14

## Summary
- Reported value: $14.3B (Q1 2026: $15.9B)
- Positions: 17 (Q1 2026: 17)
- Top 10 holdings: 95.6% of the portfolio
- This quarter: 2 new, 2 added to, 4 trimmed, 2 sold out

## What Singer did in Q2 2026
Elliott Investment Management opened new positions in Synopsys and Quantinuum. It sold out of Crown Castle and Liberty Capital. Triple Flag Precious Metals is still the largest holding, at 27.9% of the portfolio.

## Biggest buys
- Synopsys (SNPS): New
- Quantinuum (QNT): New
- Hewlett Packard Enterprise (HPE): +18%
- Norwegian Cruise Line Holdings (NCLH): +11%

## Biggest sells
- Crown Castle (CCI): Sold out
- Liberty Capital (GLIBK): Sold out
- Suncor Energy (SU): −44%
- Southwest Airlines (LUV): −20%
- Seadrill (SDRL): −6%

## Top 15 holdings
| # | Company | Ticker | % of portfolio | Reported value | Change vs Q1 2026 | Held since |
|---|---|---|---|---|---|---|
| 1 | Triple Flag Precious Metals | TFPM | 27.9% | $4.0B | −0.0% | Q3 2024 or earlier |
| 2 | Phillips 66 | PSX | 22.8% | $3.3B | No change | Q3 2024 or earlier |
| 3 | Suncor Energy | SU | 11.1% | $1.6B | −44% | Q3 2024 or earlier |
| 4 | Hewlett Packard Enterprise | HPE | 10.2% | $1.5B | +18% | Q2 2025 |
| 5 | Southwest Airlines | LUV | 8.7% | $1.2B | −20% | Q3 2024 or earlier |
| 6 | Uniti Group | UNIT | 4.7% | $676.9M | No change | Q3 2025 |
| 7 | Pinterest | PINS | 4.1% | $588.8M | No change | Q3 2024 or earlier |
| 8 | Etsy | ETSY | 2.6% | $376.6M | No change | Q3 2024 or earlier |
| 9 | Norwegian Cruise Line Holdings | NCLH | 2.2% | $310.0M | +11% | Q1 2026 |
| 10 | Pepsico | PEP | 1.2% | $172.6M | No change | Q3 2025 |
| 11 | Seadrill | SDRL | 1.2% | $167.9M | −6% | Q3 2024 or earlier |
| 12 | Equinix | EQIX | 1.1% | $156.4M | No change | Q1 2025 |
| 13 | Synopsys | SNPS | 0.7% | $101.5M | New | Q2 2026 |
| 14 | OR Royalties | OR | 0.7% | $98.4M | No change | Q2 2025 |
| 15 | Transocean | RIG | 0.5% | $76.4M | No change | Q3 2024 or earlier |

2 more positions and every quarter's holdings are on Valuepeg for members: https://valuepeg.com/managers/elliott-investment-management

## Other value investors
- Fairfax Financial (Prem Watsa): https://valuepeg.com/managers/fairfax-financial
- Fairholme Capital Management: https://valuepeg.com/managers/fairholme-capital
- Fundsmith: https://valuepeg.com/managers/fundsmith
- Gardner Russo & Quinn: https://valuepeg.com/managers/gardner-russo-quinn
- Giverny Capital: https://valuepeg.com/managers/giverny-capital

## About this data
- **What is a 13F?** A quarterly report to the SEC in which an investment manager with over $100 million in US-listed stocks lists what it holds.
- **How current is it?** Managers file up to 45 days after each quarter ends, so the holdings may have changed since.
- **Whose figures are these?** The values are as the manager reported them in the filing, not today's prices. The SEC lets a manager keep some positions confidential for a time, and those are not in the filing.
- **What does it leave out?** Short positions, cash, bonds and most holdings outside US markets. Options are left out here too.

Not investment advice.