WhaleCreep

Elliott Investment Management L.P. 13F holdings, Q3 2025

Hedge fundSEC filingsCompare with another fundHoldings as of 2025-09-30, filed 2025-11-14

Elliott Investment Management L.P. disclosed 20 US equity positions worth $13.7bn in its Q3 2025 13F filing. Its largest position is TFPM at 28.6% of the reported book, followed by PSX and SU. Versus Q2 2025 it opened 4 new positions, added to 1, reduced 1 and exited 3.

$13.7bn
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
20
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
28.6%
Largest position
The largest single position as a share of the reported equity book.
94.2%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
6
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 Q2 2025: 4 new, 1 added, 1 reduced, 3 exited

20 rows
TFPM TRIPLE FLAG PRECIOUS METALBasic Materials28.6%$3.9bn133.82m0.0%held
PSX PHILLIPS 66Energy19.1%$2.6bn19.25m0.0%held
SU SUNCOR ENERGY INC NEWEnergy16.1%$2.2bn52.67m0.0%held
LUV Southwest Airlines Co.Industrials11.9%$1.6bn51.13m−5.3%reduced
PINS PINTEREST INCCommunication Services6.6%$901m28.00m0.0%held
HPE HEWLETT PACKARD ENTERPRISE CTechnology3.3%$458m18.63m0.0%held
UNIT UNITI GROUP LLCReal Estate2.6%$361m59.01m+483%added
ETSY ETSY INCConsumer Cyclical2.4%$332m5.00m0.0%held
HYG ISHARES TR–2.3%$309m3.80m0.0%held
PEP PEPSICO INCConsumer Defensive1.3%$179m1.27m–new
BILL BILL HOLDINGS INCTechnology1.2%$159m3.00m–new
CCI CROWN CASTLE INCReal Estate0.9%$118m1.23m0.0%held
EQIX EQUINIX INCReal Estate0.9%$117m150,0000.0%held
SEADRILL 2021 LTD no ticker–0.8%$112m3.70m0.0%held
SENSATA TECHNOLOGIES HLDG PL no ticker–0.7%$99.3m3.25m0.0%held
OR OR ROYALTIES INC.Basic Materials0.6%$87.4m2.18m0.0%held
STRATEGY INC no ticker–0.3%$35.9m16.00m0.0%held
WAYFAIR INC no ticker–0.2%$31.1m15.00m0.0%held
GLIBK LIBERTY CAP CORPCommunication Services0.1%$17.8m476,895–new
OXFORD LANE CAP CORP no ticker–0.1%$17.3m1.02m–new

Exited since Q2 2025

3 rows
8L8C LIBERTY BROADBAND CORP1.9%$235m
WDC WESTERN DIGITAL CORP.1.2%$144m
SNDK SANDISK CORP0.3%$34.0m

Sector mix

  • Energy35.2%
  • Basic Materials29.2%
  • Industrials11.9%
  • Communication Services6.7%
  • Technology4.5%
  • Unclassified4.4%
  • Real Estate4.4%
  • Consumer Cyclical2.4%
  • Consumer Defensive1.3%

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