Elliott Investment Management L.P. Hedge Fund

CIK: 0001791786 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 14, 2025

Total Value ($000): $22,721,159 (99.7% shares, 0.3% debt)

Holdings (35)

TFPM TRIPLE FLAG PRECIOUS METAL 17.2%

Value ($000) $3,915,448 Shares 133,815,727 Est. Cost $12.36 Unrealized +109.1%

PSX PHILLIPS 66 11.5%

Value ($000) $2,618,521 Shares 19,251,000 Est. Cost $116.23 Unrealized +8.7%

SU SUNCOR ENERGY INC NEW 9.7%

Value ($000) $2,202,166 Shares 52,670,800 Est. Cost $30.49 Unrealized +31.6%

LUV SOUTHWEST AIRLS CO 7.2%

Value ($000) $1,631,510 Shares 51,128,500 Est. Cost $26.84 Unrealized +20.8%

QQQ INVESCO QQQ TR 5.3%

Value ($000) $1,200,740 Shares 2,000,000 Est. Cost — Unrealized —

XLP SELECT SECTOR SPDR TR 5.2%

Value ($000) $1,175,550 Shares 15,000,000 Est. Cost — Unrealized —

XLI SELECT SECTOR SPDR TR 5.1%

Value ($000) $1,156,725 Shares 7,500,000 Est. Cost — Unrealized —

IWD ISHARES TR 4.5%

Value ($000) $1,017,950 Shares 5,000,000 Est. Cost — Unrealized —

PINS PINTEREST INC 4.0%

Value ($000) $900,760 Shares 28,000,000 Est. Cost $22.64 Unrealized +60.2%

GDX VANECK ETF TRUST 3.9%

Value ($000) $878,600 Shares 11,500,000 Est. Cost — Unrealized —

NVDA NVIDIA CORPORATION 3.6%

Value ($000) $807,891 Shares 4,330,000 Est. Cost — Unrealized —

QQQ INVESCO QQQ TR 3.3%

Value ($000) $750,463 Shares 1,250,000 Est. Cost — Unrealized —

XLE SELECT SECTOR SPDR TR 3.1%

Value ($000) $714,720 Shares 8,000,000 Est. Cost — Unrealized —

HPE HEWLETT PACKARD ENTERPRISE C 2.0%

Value ($000) $457,577 Shares 18,630,978 Est. Cost $16.47 Unrealized +32.8%

UNIT UNITI GROUP LLC 1.6%

Value ($000) $361,155 Shares 59,012,219 Est. Cost $7.16 Unrealized 0.0%

ETSY ETSY INC 1.5%

Value ($000) $331,950 Shares 5,000,000 Est. Cost $66.66 Unrealized -10.4%

XOP SPDR SERIES TRUST 1.4%

Value ($000) $317,280 Shares 2,400,000 Est. Cost — Unrealized —

HYG ISHARES TR 1.4%

Value ($000) $308,522 Shares 3,800,000 Est. Cost $80.65 Unrealized —

XLV SELECT SECTOR SPDR TR 1.2%

Value ($000) $278,340 Shares 2,000,000 Est. Cost — Unrealized —

IGV ISHARES TR 1.0%

Value ($000) $230,020 Shares 2,000,000 Est. Cost — Unrealized —

PEP PEPSICO INC 0.8%

Value ($000) $179,061 Shares 1,275,000 Est. Cost $140.43 Unrealized 0.0%

DLR DIGITAL RLTY TR INC 0.8%

Value ($000) $172,880 Shares 1,000,000 Est. Cost — Unrealized —

BILL BILL HOLDINGS INC 0.7%

Value ($000) $158,910 Shares 3,000,000 Est. Cost $46.44 Unrealized 0.0%

XME SPDR SERIES TRUST 0.6%

Value ($000) $130,466 Shares 1,400,000 Est. Cost — Unrealized —

CCI CROWN CASTLE INC 0.5%

Value ($000) $118,200 Shares 1,225,000 Est. Cost $90.81 Unrealized +9.1%

EQIX EQUINIX INC 0.5%

Value ($000) $117,486 Shares 150,000 Est. Cost $880.48 Unrealized -12.1%

IGV ISHARES TR 0.5%

Value ($000) $115,010 Shares 1,000,000 Est. Cost — Unrealized —

SDRL SEADRILL LTD 0.5%

Value ($000) $111,890 Shares 3,703,746 Est. Cost $37.14 Unrealized -18.0%

ST SENSATA TECHNOLOGIES HLDG PL 0.4%

Value ($000) $99,288 Shares 3,250,000 Est. Cost $38.52 Unrealized -18.0%

OR OR ROYALTIES INC. 0.4%

Value ($000) $87,380 Shares 2,180,151 Est. Cost $24.09 Unrealized +29.5%

WPM WHEATON PRECIOUS METALS CORP 0.3%

Value ($000) $72,696 Shares 650,000 Est. Cost — Unrealized —

— STRATEGY INC 0.2%

Value ($000) $35,884 Shares 16,000,000 Est. Cost $2.05 Unrealized —

— WAYFAIR INC 0.1%

Value ($000) $31,090 Shares 15,000,000 Est. Cost $1.39 Unrealized —

GLIBK GCI LIBERTY INC 0.1%

Value ($000) $17,774 Shares 476,895 Est. Cost $35.27 Unrealized 0.0%

OXLC OXFORD LANE CAP CORP 0.1%

Value ($000) $17,256 Shares 1,019,239 Est. Cost $16.93 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TFPM	TRIPLE FLAG PRECIOUS METAL	133,815,727	$3,915,448	17.2%	$12.36	+109.1%	COM	89679M104
PSX	PHILLIPS 66	19,251,000	$2,618,521	11.5%	$116.23	+8.7%	COM	718546104
SU	SUNCOR ENERGY INC NEW	52,670,800	$2,202,166	9.7%	$30.49	+31.6%	COM	867224107
LUV	SOUTHWEST AIRLS CO	51,128,500	$1,631,510	7.2%	$26.84	+20.8%	COM	844741108
QQQ	INVESCO QQQ TR	2,000,000	$1,200,740	5.3%	—	—	Put	46090E103
XLP	SELECT SECTOR SPDR TR	15,000,000	$1,175,550	5.2%	—	—	Put	81369Y308
XLI	SELECT SECTOR SPDR TR	7,500,000	$1,156,725	5.1%	—	—	Put	81369Y704
IWD	ISHARES TR	5,000,000	$1,017,950	4.5%	—	—	Put	464287598
PINS	PINTEREST INC	28,000,000	$900,760	4.0%	$22.64	+60.2%	CL A	72352L106
GDX	VANECK ETF TRUST	11,500,000	$878,600	3.9%	—	—	Put	92189F106
NVDA	NVIDIA CORPORATION	4,330,000	$807,891	3.6%	—	—	Put	67066G104
QQQ	INVESCO QQQ TR	1,250,000	$750,463	3.3%	—	—	Call	46090E103
XLE	SELECT SECTOR SPDR TR	8,000,000	$714,720	3.1%	—	—	Put	81369Y506
HPE	HEWLETT PACKARD ENTERPRISE C	18,630,978	$457,577	2.0%	$16.47	+32.8%	COM	42824C109
UNIT	UNITI GROUP LLC	59,012,219	$361,155	1.6%	$7.16	0.0%	COM SHS	912932100
ETSY	ETSY INC	5,000,000	$331,950	1.5%	$66.66	-10.4%	COM	29786A106
XOP	SPDR SERIES TRUST	2,400,000	$317,280	1.4%	—	—	Put	78468R556
HYG	ISHARES TR	3,800,000	$308,522	1.4%	$80.65	—	IBOXX HI YD ETF	464288513
XLV	SELECT SECTOR SPDR TR	2,000,000	$278,340	1.2%	—	—	Put	81369Y209
IGV	ISHARES TR	2,000,000	$230,020	1.0%	—	—	Put	464287515
PEP	PEPSICO INC	1,275,000	$179,061	0.8%	$140.43	0.0%	COM	713448108
DLR	DIGITAL RLTY TR INC	1,000,000	$172,880	0.8%	—	—	Put	253868103
BILL	BILL HOLDINGS INC	3,000,000	$158,910	0.7%	$46.44	0.0%	COM	090043100
XME	SPDR SERIES TRUST	1,400,000	$130,466	0.6%	—	—	Put	78464A755
CCI	CROWN CASTLE INC	1,225,000	$118,200	0.5%	$90.81	+9.1%	COM	22822V101
EQIX	EQUINIX INC	150,000	$117,486	0.5%	$880.48	-12.1%	COM	29444U700
IGV	ISHARES TR	1,000,000	$115,010	0.5%	—	—	Call	464287515
SDRL	SEADRILL LTD	3,703,746	$111,890	0.5%	$37.14	-18.0%	COM	G7997W102
ST	SENSATA TECHNOLOGIES HLDG PL	3,250,000	$99,288	0.4%	$38.52	-18.0%	SHS	G8060N102
OR	OR ROYALTIES INC.	2,180,151	$87,380	0.4%	$24.09	+29.5%	COM SHS	68390D106
WPM	WHEATON PRECIOUS METALS CORP	650,000	$72,696	0.3%	—	—	Put	962879102
—	STRATEGY INC	16,000,000	$35,884	0.2%	$2.05	—	NOTE 0.625% 3/1	594972AJ0
—	WAYFAIR INC	15,000,000	$31,090	0.1%	$1.39	—	NOTE 3.500%11/1	94419LAR2
GLIBK	GCI LIBERTY INC	476,895	$17,774	0.1%	$35.27	0.0%	COM SER C	36164V800
OXLC	OXFORD LANE CAP CORP	1,019,239	$17,256	0.1%	$16.93	—	COM	691543847