Elliott Investment Management L.P.
Long book
$15.90B
Q1 2026
Positions
17
Top-10 weight
96%
concentration
Last quarter
+0.2%
SPY +14.8%
Turnover
29%
of book per quarter
Strategy in plain words
auto-generated from filingsElliott Investment Management L.P. is an activist investor that takes positions to influence management, running a $15.90B US long book across 17 positions.
The portfolio is extremely concentrated — the top 10 positions are almost the whole book. The portfolio is actively managed, with meaningful quarterly turnover. Current anchor positions: TRIPLE FLAG PRECIOUS MET, PHILLIPS 66, SUNCOR ENERGY INC, SOUTHWEST AIRLINES CO, HEWLETT PACKARD ENTERPRISE.
Over the last 9 quarters its long book ran on average 1pp per quarter ahead of the S&P 500, beating the index in 4 of 9 quarters. We rate its filings highest-signal: new buys here are worth attention.
Implied long-book return vs S&P 500
methodology: positions priced quarterly, no shorts/options Fund long book S&P 500
Q1 2024
+3.1%
Q2 2024
-1.4%
Q3 2024
-2.2%
Q4 2024
+8.7%
Q1 2025
+6.5%
Q2 2025
+12.6%
Q3 2025
+6.4%
Q4 2025
+15.1%
Q1 2026
+0.2%
Sector allocation
Energy 47%
Financials 30%
Industrials 9%
Technology 7%
Communications 4%
Services media 2%
Consumer staples 1%
Materials 1%
Long book by quarter
What does Elliott Investment own?
Q1 2026 13F| Company | Sector | Shares | Value | % of book | Change |
|---|---|---|---|---|---|
| TFPM TRIPLE FLAG PRECIOUS MET | Financials | 133.2M | $4.63B | 29.1% | -0.4% |
| PSX PHILLIPS 66 | Energy | 19.3M | $3.51B | 22.1% | Held |
| SU SUNCOR ENERGY INC | Energy | 52.7M | $3.48B | 21.9% | Held |
| LUV SOUTHWEST AIRLINES CO | Industrials | 30.3M | $1.14B | 7.2% | -40.6% |
| HPE HEWLETT PACKARD ENTERPRISE | Technology | 27.4M | $652.9M | 4.1% | +47.2% |
| UNIT UNITI GROUP INC | Communications | 59.0M | $553.5M | 3.5% | Held |
| PINS PINTEREST INC- CLASS A | Technology | 28.0M | $513.5M | 3.2% | Held |
| ETSY ETSY INC | Services media | 5.0M | $249.9M | 1.6% | Held |
| NCLH NORWEGIAN CRUISE LINE HOLDIN | Industrials | 13.2M | $246.6M | 1.6% | New |
| SDRL SEADRILL LIMITED | Energy | 4.7M | $214.7M | 1.4% | +3.5% |
| PEP PEPSICO INC | Consumer staples | 1.3M | $198.0M | 1.2% | Held |
| OR OR ROYALTIES INC | Materials | 3.1M | $118.3M | 0.7% | Held |
| RIG TRANSOCEAN LTD | Energy | 15.6M | $103.6M | 0.7% | New |
| GLIBK LIBERTY CAPITAL CORP-CL C | Communications | 659.9K | $24.6M | 0.2% | Held |
13F filing history
| Period | Form | Filed | Entries | Reported value | Flags | Source |
|---|---|---|---|---|---|---|
| Q1 2026 | 13F-HR | May 15, 2026 | 33 | $20.11B | canonical | SEC ↗ |
| Q4 2025 | 13F-HR | Feb 18, 2026 | 34 | $22.59B | canonical | SEC ↗ |
| Q3 2025 | 13F-HR | Nov 14, 2025 | 35 | $22.72B | canonical | SEC ↗ |
| Q2 2025 | 13F-HR/ANEW HOLDINGS | Nov 14, 2025 | 1 | $528.2M | canonical | SEC ↗ |
| Q2 2025 | 13F-HR | Aug 14, 2025 | 30 | $17.59B | confidential canonical | SEC ↗ |
| Q1 2025 | 13F-HR | May 15, 2025 | 41 | $15.16B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR/ARESTATEMENT | Apr 28, 2025 | 45 | $16.68B | canonical | SEC ↗ |
| Q4 2024 | 13F-HR | Feb 14, 2025 | 45 | $16.68B | confidential | SEC ↗ |
| Q3 2024 | 13F-HR | Nov 14, 2024 | 59 | $19.31B | canonical | SEC ↗ |
| Q2 2024 | 13F-HR | Aug 14, 2024 | 54 | $17.33B | canonical | SEC ↗ |
| Q1 2024 | 13F-HR | May 15, 2024 | 55 | $16.12B | canonical | SEC ↗ |