Paul Singer - Elliott Investment Management
Period:    Q1 2026
Portfolio date:    31 Mar 2026
No. of stocks:    17
Portfolio value:    $15,896,430,248
Holdings Activity Buys Sells    History
History Stock % of
Portfolio
Recent
Activity
Shares Avg. Buy
Price*
Value Current
Price
+/-
Since
Buy
52
Week
Low
52
Week
High
TFPM - Triple Flag Precious Metals Corp. 29.09 Reduce 0.42% 133,248,215 $12.74 $4,625,045,543 $27.59 116.63% $22.53 $41.62
PSX - Phillips 66 22.06 19,251,000 $121.58 $3,507,147,180 $198.29 63.09% $114.16 $198.58
SU - Suncor Energy Inc. 21.90 52,670,800 $36.09 $3,482,066,588 $61.27 69.76% $37.23 $69.83
LUV - Southwest Airlines Co. 7.17 Reduce 40.65% 30,346,000 $29.53 $1,140,099,220 $47.92 62.28% $28.45 $54.63
HPE - Hewlett Packard Enterprise Co. 4.11 Add 47.18% 27,421,735 $21.53 $652,911,510 $47.24 119.44% $19.23 $64.06
UNIT - Uniti Group Inc. 3.48 59,012,219 $7.29 $553,534,614 $11.04 51.34% $5.30 $12.94
PINS - Pinterest, Inc. 3.23 28,000,000 $22.85 $513,520,000 $22.60 -1.08% $13.84 $39.93
ETSY - Etsy, Inc. 1.57 5,000,000 $67.70 $249,900,000 $80.53 18.95% $44.00 $81.89
NCLH - Norwegian Cruise Line Holdings Ltd. 1.55 Buy 13,186,000 $18.70 $246,578,200 $19.63 4.97% $14.53 $27.18
SDRL - Seadrill Ltd. 1.35 Add 3.52% 4,719,085 $40.21 $214,718,368 $42.26 5.11% $27.40 $55.47
PEP - PepsiCo, Inc. 1.25 1,275,000 $140.44 $197,994,750 $138.49 -1.39% $128.66 $168.19
EQIX - Equinix, Inc. 0.93 150,000 $815.35 $147,036,000 $1,039.53 27.49% $713.19 $1,124.00
OR - OR Royalties Inc. 0.74 3,111,000 $28.61 $118,280,220 $28.73 0.43% $26.76 $47.89
RIG - Transocean Ltd. 0.65 Buy 15,626,834 $6.63 $103,605,909 $5.37 -19.00% $2.53 $7.66
CCI - Crown Castle Inc. 0.63 1,225,000 $115.19 $99,604,750 $79.84 -30.69% $73.75 $110.45
GLIBK - Liberty Capital Corp. 0.15 659,928 $37.25 $24,555,921 $22.00 -40.94% $19.30 $41.17
HDB - HDFC Bank Ltd. 0.12 Add 267.73% 797,085 $9,954.65 $19,831,475 $26.41 -99.73% $22.91 $39.32
* Avg. Buy Price is an estimated cost basis: the share-weighted average of the quarter-end prices reported when this manager first bought or later added to the position (average-cost method, reset after a full exit). 13F filings disclose only quarter-end holdings, not actual trade prices, so this approximates — but does not exactly equal — what was paid.
Sector % analysis
Energy 45.97
Basic Materials 29.84
Industrials 7.17
Real Estate 5.03
Technology 4.11
Communication Services 3.38
Consumer Cyclical 3.12
Consumer Defensive 1.25
Financial Services 0.12