WhaleCreep

Elliott Investment Management L.P. 13F holdings, Q1 2025

Hedge fundSEC filingsCompare with another fundHoldings as of 2025-03-31, filed 2025-05-15

Elliott Investment Management L.P. disclosed 29 US equity positions worth $11.1bn in its Q1 2025 13F filing. Its largest position is TFPM at 23.1% of the reported book, followed by SU and PSX. Versus Q4 2024 it opened 4 new positions, added to 1, reduced 5 and exited 6.

$11.1bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
29
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
23.1%
Largest position
The largest single position as a share of the reported equity book.
92.3%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
7
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 2024: 4 new, 1 added, 5 reduced, 6 exited

29 rows
TFPM TRIPLE FLAG PRECIOUS METALBasic Materials23.1%$2.6bn133.82m0.0%held
SU SUNCOR ENERGY INC NEWEnergy18.4%$2.0bn52.67m0.0%held
PSX PHILLIPS 66Energy17.5%$1.9bn15.72m+1929%added
LUV Southwest Airlines Co.Industrials16.4%$1.8bn53.98m−9.5%reduced
PINS PINTEREST INCCommunication Services7.8%$868m28.00m0.0%held
BMRN BIOMARIN PHARMACEUTICAL INCHealthcare2.2%$247m3.50m0.0%held
ETSY ETSY INCConsumer Cyclical2.1%$236m5.00m0.0%held
8L8C LIBERTY BROADBAND CORP–1.8%$203m2.38m0.0%held
MTCH MATCH GROUP INC NEWCommunication Services1.7%$187m6.00m−50%reduced
CCI CROWN CASTLE INCReal Estate1.2%$128m1.23m0.0%held
EQIX EQUINIX INCReal Estate1.1%$122m150,000–new
SEADRILL 2021 LTD no ticker–0.8%$92.6m3.70m0.0%held
WDC WESTERN DIGITAL CORP.Technology0.8%$91.0m2.25m0.0%held
SENSATA TECHNOLOGIES HLDG PL no ticker–0.7%$78.9m3.25m0.0%held
BOOKING HOLDINGS INC no ticker–0.6%$61.4m25.00m0.0%held
ETWOGBP E2OPEN PARENT HOLDINGS INC–0.5%$54.5m27.25m0.0%held
UNIT UNITI GROUP INCReal Estate0.5%$51.0m10.12m0.0%held
OREUR OSISKO GOLD ROYALTIES LTD–0.4%$46.0m2.18m–new
HDB HDFC BANK LTDFinancial Services0.4%$44.5m670,2150.0%held
RAPID7 INC no ticker–0.3%$38.1m41.50m0.0%held
RIG TRANSOCEAN LTDEnergy0.3%$37.6m11.87m0.0%held
SNDK SANDISK CORPTechnology0.3%$35.7m749,997–new
STRATEGY INC no ticker–0.3%$32.8m16.00m–new
WAYFAIR INC no ticker–0.1%$16.0m15.00m0.0%held
CRMD CORMEDIX INC–0.1%$15.1m2.44m−15%reduced
ARM ARM HOLDINGS PLCTechnology0.1%$14.9m139,551−7.0%reduced
HWM HOWMET AEROSPACE INCIndustrials0.1%$13.0m100,0000.0%held
WOLF WOLFSPEED INCTechnology0.04%$4.6m20.00m0.0%held
BL BLACKLINE INCTechnology0.04%$4.3m4.50m−63%reduced

Exited since Q4 2024

6 rows
NRG NRG ENERGY INC4.7%$433m
MICROSTRATEGY INC no ticker0.3%$31.0m
RNG RINGCENTRAL INC0.2%$16.7m
ON ON SEMICONDUCTOR CORP0.1%$12.9m
CONFLUENT INC no ticker0.1%$11.3m
BHC BAUSCH HEALTH COS INC0.0%$92.7k

Sector mix

  • Energy36.3%
  • Basic Materials23.1%
  • Industrials16.5%
  • Communication Services9.5%
  • Unclassified5.8%
  • Real Estate2.7%
  • Healthcare2.2%
  • Consumer Cyclical2.1%
  • Technology1.4%
  • Financial Services0.4%

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