Elliott Investment Management 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Elliott Investment Management disclosed 21 US equity positions worth $14.6bn in its Q4 2025 13F filing. The largest position was TRIPLE FLAG PRECIOUS METAL at 30.5% of the reported book, followed by PSX and SU. Against the Q3 2025 filing, it opened 2 new positions, added to 3 and reduced 0 among the top 21 holdings.
What did Elliott Investment Management own in Q4 2025? Top 21 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | TRIPLE FLAG PRECIOUS METAL | 30.5% | $4.4bn | 133,815,727 | 0% | held | |
| 2 | PSX PHILLIPS 66 | Energy | 17.0% | $2.5bn | 19,251,000 | 0% | held |
| 3 | SU SUNCOR ENERGY INC NEW | Energy | 16.0% | $2.3bn | 52,670,800 | 0% | held |
| 4 | LUV SOUTHWEST AIRLS CO | Industrials | 14.5% | $2.1bn | 51,128,500 | 0% | held |
| 5 | PINS PINTEREST INC | Communication Services | 5.0% | $724.9m | 28,000,000 | 0% | held |
| 6 | HPE HEWLETT PACKARD ENTERPRISE C | Technology | 3.1% | $447.5m | 18,630,978 | 0% | held |
| 7 | UNIT UNITI GROUP LLC | 2.8% | $413.7m | 59,012,219 | 0% | held | |
| 8 | HYG ISHARES TR | 2.1% | $306.4m | 3,800,000 | 0% | held | |
| 9 | ETSY ETSY INC | Consumer Cyclical | 1.9% | $277.2m | 5,000,000 | 0% | held |
| 10 | PEP PEPSICO INC | Consumer Defensive | 1.3% | $183.0m | 1,275,000 | 0% | held |
| 11 | BILL BILL HOLDINGS INC | Technology | 1.1% | $163.6m | 3,000,000 | 0% | held |
| 12 | SEADRILL LTD | 1.1% | $157.7m | 4,558,758 | 23% | added | |
| 13 | EQIX EQUINIX INC | Real Estate | 0.8% | $114.9m | 150,000 | 0% | held |
| 14 | OR OR ROYALTIES INC. | Basic Materials | 0.8% | $110.1m | 3,111,000 | 43% | added |
| 15 | CCI CROWN CASTLE INC | Real Estate | 0.7% | $108.9m | 1,225,000 | 0% | held |
| 16 | SENSATA TECHNOLOGIES HLDG PL | 0.7% | $108.2m | 3,250,000 | 0% | held | |
| 17 | WAYFAIR INC | 0.2% | $34.3m | 15,000,000 | 0% | held | |
| 18 | GLIBK GCI LIBERTY INC | Communication Services | 0.2% | $24.6m | 659,928 | 38% | added |
| 19 | STRATEGY INC | 0.2% | $22.7m | 16,000,000 | 0% | held | |
| 20 | HDB HDFC BANK LTD | Financial Services | 0.1% | $7.9m | 216,756 | – | new |
| 21 | FS KKR CAP CORP | 0.0% | $3.9m | 264,850 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.