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Elliott Investment Management L.P. 13F holdings, Q1 2023

Hedge fundSEC filingsCompare with another fundHoldings as of 2023-03-31, filed 2023-05-15

Elliott Investment Management L.P. disclosed 40 US equity positions worth $8.2bn in its Q1 2023 13F filing. Its largest position is TFPM at 24.7% of the reported book, followed by MPC and HWM. Versus Q4 2022 it opened 2 new positions, added to 9, reduced 6 and exited 4.

$8.2bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
40
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
24.7%
Largest position
The largest single position as a share of the reported equity book.
86.6%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
8
Effective positions
1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
26
Quarters on file since Q1 2020
Quarters for which this manager's 13F holdings are on record.

Holdings

Against Q4 2022: 2 new, 9 added, 6 reduced, 4 exited

40 rows
TFPM TRIPLE FLAG PRECIOUS METALBasic Materials24.7%$2.0bn134.59m+3.6%added
MPC Marathon Petroleum CorpEnergy18.3%$1.5bn11.06m0.0%held
HWM HOWMET AEROSPACE INCIndustrials12.8%$1.0bn24.68m−29%reduced
PINS PINTEREST INCCommunication Services9.3%$761m27.91m0.0%held
BTU PEABODY ENERGY CORPEnergy6.6%$540m21.11m−8.3%reduced
PALO ALTO NETWORKS INC no ticker–4.3%$353m175.00m+75%added
SU SUNCOR ENERGY INC NEWEnergy3.8%$310m10.00m0.0%held
LQD ISHARES TR–3.4%$274m2.50m+12%added
CAH CARDINAL HEALTH INCHealthcare1.9%$151m2.00m0.0%held
VALARIS LTD no ticker–1.6%$128m1.97m−43%reduced
NOBLE CORP PLC no ticker–1.4%$112m2.85m0.0%held
ETWOGBP E2OPEN PARENT HOLDINGS INC–1.4%$112m19.17m0.0%held
CLVT CLARIVATE PLCTechnology1.2%$93.9m10.00m0.0%held
PYPL PAYPAL HLDGS INCFinancial Services0.9%$75.9m1.00m0.0%held
8L8C LIBERTY BROADBAND CORP–0.9%$75.0m917,7380.0%held
RNG RINGCENTRAL INCTechnology0.9%$74.8m92.50m+185%added
0C3 ENDEAVOR GROUP HLDGS INC–0.9%$71.8m3.00m0.0%held
HYG ISHARES TR–0.6%$51.4m680,000−90%reduced
WDC WESTERN DIGITAL CORP.Technology0.5%$44.6m1.19m0.0%held
U UNITY SOFTWARE INCTechnology0.5%$44.3m57.40m+53%added
RAPID7 INC no ticker–0.5%$39.5m45.93m+3.4%added
CONFLUENT INC no ticker–0.5%$39.3m50.00m+7.5%added
BILL HOLDINGS INC no ticker–0.5%$39.0m50.00m–new
UNIT UNITI GROUP INCReal Estate0.4%$35.9m10.12m0.0%held
NI NISOURCE INCUtilities0.4%$34.1m1.22m0.0%held
OKTA OKTA INCTechnology0.3%$25.6m30.00m0.0%held
TESLA INC no ticker–0.3%$24.1m2.50m0.0%held
BL BLACKLINE INCTechnology0.3%$23.0m27.15m+1.1%added
Q2 HLDGS INC no ticker–0.2%$16.0m19.32m0.0%held
MERCADOLIBRE INC no ticker–0.1%$12.1m4.00m0.0%held
TDOC TELADOC HEALTH INCHealthcare0.1%$11.2m14.50m+123%added
QTWO Q2 HLDGS INCTechnology0.10%$8.1m10.03m0.0%held
CRMD CORMEDIX INC–0.08%$6.4m1.55m0.0%held
MICROSTRATEGY INC no ticker–0.07%$5.5m12.00m0.0%held
W WAYFAIR INCConsumer Cyclical0.05%$4.4m5.00m−91%reduced
POLESTAR AUTOMOTIVE HLDG UK no ticker–0.05%$4.3m1.12m−9.7%reduced
MICROSTRATEGY INC no ticker–0.03%$2.6m5.00m0.0%held
RSVR RESERVOIR MEDIA INCCommunication Services0.03%$2.6m401,546–new
ALTERYX INC no ticker–0.03%$2.1m2.50m0.0%held
BHC BAUSCH HEALTH COS INCHealthcare0.0%$118k14,6250.0%held

Exited since Q4 2022

4 rows
JNK SPDR SERIES TRUST2.7%$230m
AJRDEUR AEROJET ROCKETDYNE HLDGS INC0.6%$47.4m
NWS NEWS CORP NEW0.01%$1.1m
NWSA NEWS CORP NEW0.01%$1.1m

Sector mix

  • Energy28.7%
  • Basic Materials24.7%
  • Unclassified16.8%
  • Industrials12.8%
  • Communication Services9.4%
  • Technology3.9%
  • Healthcare2.0%
  • Financial Services0.9%
  • Real Estate0.4%
  • Utilities0.4%
  • Consumer Cyclical0.05%

Book over time

Every quarter on file (26)
QuarterPositionsEquity book
Q2 202617$14.3bn
Q1 202619$15.9bn
Q4 202521$14.6bn
Q3 202520$13.7bn
Q2 202519$12.2bn
Q1 202529$11.1bn
Q4 202431$9.3bn
Q3 202435$10.7bn
Q2 202437$10.4bn
Q1 202440$10.0bn
Q4 202341$9.1bn
Q3 202343$8.3bn
Q2 202344$8.4bn
Q1 202340$8.2bn
Q4 202242$8.5bn
Q3 202227$7.1bn
Q2 202226$4.8bn
Q1 202225$5.7bn
Q4 202126$6.3bn
Q3 202127$8.8bn
Q2 202127$8.3bn
Q1 202129$7.8bn
Q4 202028$6.9bn
Q3 202023$5.0bn
Q2 202025$4.2bn
Q1 202033$3.3bn

Where Elliott Investment Management L.P. was early

4 rows
HWM HOWMET AEROSPACE INCQ2 20203 of 16915.6%27.0%20Exited by Q2 2025+718%
0C3 ENDEAVOR GROUP HLDGS INCQ2 202111 of 1471.4%1.4%9Exited by Q2 2024−7.1%
APA APA CORPORATIONQ3 20213 of 1470.7%2.0%3Exited by Q2 2022+93%
TFPM TRIPLE FLAG PRECIOUS METALQ3 20221 of 5223.0%30.5%16Held at last filing, Q2 2026+137%

Concentration and tenure

25.4%
Median largest position, all quarters
The largest single position as a share of the reported equity book.
88.3%
Median top 10 weight, all quarters
The ten largest positions together, as a share of the reported equity book.
Concentrated
Style, by median largest position
3
Median completed holding, quarters