Elliott Investment Management L.P. Hedge Fund

Location: West Palm Beach, FL

CIK: 0001791786 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 14, 2025

Total Value: $22.72B (99.7% shares, 0.3% debt)

Holdings (35)

TFPM TRIPLE FLAG PRECIOUS METAL 17.2%

Value $3.915B Shares 133,815,727 Est. Cost $12.36 Unrealized +109.1%

PSX PHILLIPS 66 11.5%

Value $2.619B Shares 19,251,000 Est. Cost $116.23 Unrealized +8.7%

SU SUNCOR ENERGY INC NEW 9.7%

Value $2.202B Shares 52,670,800 Est. Cost $30.49 Unrealized +31.6%

LUV SOUTHWEST AIRLS CO 7.2%

Value $1.632B Shares 51,128,500 Est. Cost $26.84 Unrealized +20.8%

QQQ INVESCO QQQ TR 5.3%

Value $1.201B Shares 2,000,000 Est. Cost — Unrealized —

XLP SELECT SECTOR SPDR TR 5.2%

Value $1.176B Shares 15,000,000 Est. Cost — Unrealized —

XLI SELECT SECTOR SPDR TR 5.1%

Value $1.157B Shares 7,500,000 Est. Cost — Unrealized —

IWD ISHARES TR 4.5%

Value $1.018B Shares 5,000,000 Est. Cost — Unrealized —

PINS PINTEREST INC 4.0%

Value $901M Shares 28,000,000 Est. Cost $22.64 Unrealized +60.2%

GDX VANECK ETF TRUST 3.9%

Value $879M Shares 11,500,000 Est. Cost — Unrealized —

NVDA NVIDIA CORPORATION 3.6%

Value $808M Shares 4,330,000 Est. Cost — Unrealized —

QQQ INVESCO QQQ TR 3.3%

Value $750M Shares 1,250,000 Est. Cost — Unrealized —

XLE SELECT SECTOR SPDR TR 3.1%

Value $715M Shares 8,000,000 Est. Cost — Unrealized —

HPE HEWLETT PACKARD ENTERPRISE C 2.0%

Value $458M Shares 18,630,978 Est. Cost $16.47 Unrealized +32.8%

UNIT UNITI GROUP LLC 1.6%

Value $361M Shares 59,012,219 Est. Cost $7.16 Unrealized 0.0%

ETSY ETSY INC 1.5%

Value $332M Shares 5,000,000 Est. Cost $66.66 Unrealized -10.4%

XOP SPDR SERIES TRUST 1.4%

Value $317M Shares 2,400,000 Est. Cost — Unrealized —

HYG ISHARES TR 1.4%

Value $309M Shares 3,800,000 Est. Cost $80.65 Unrealized —

XLV SELECT SECTOR SPDR TR 1.2%

Value $278M Shares 2,000,000 Est. Cost — Unrealized —

IGV ISHARES TR 1.0%

Value $230M Shares 2,000,000 Est. Cost — Unrealized —

PEP PEPSICO INC 0.8%

Value $179M Shares 1,275,000 Est. Cost $140.43 Unrealized 0.0%

DLR DIGITAL RLTY TR INC 0.8%

Value $173M Shares 1,000,000 Est. Cost — Unrealized —

BILL BILL HOLDINGS INC 0.7%

Value $159M Shares 3,000,000 Est. Cost $46.44 Unrealized 0.0%

XME SPDR SERIES TRUST 0.6%

Value $130M Shares 1,400,000 Est. Cost — Unrealized —

CCI CROWN CASTLE INC 0.5%

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

EQIX EQUINIX INC 0.5%

Value $117M Shares 150,000 Est. Cost $880.48 Unrealized -12.1%

IGV ISHARES TR 0.5%

Value $115M Shares 1,000,000 Est. Cost — Unrealized —

SDRL SEADRILL LTD 0.5%

Value $112M Shares 3,703,746 Est. Cost $37.14 Unrealized -18.0%

ST SENSATA TECHNOLOGIES HLDG PL 0.4%

Value $99.29M Shares 3,250,000 Est. Cost $38.52 Unrealized -18.0%

OR OR ROYALTIES INC. 0.4%

Value $87.38M Shares 2,180,151 Est. Cost $24.09 Unrealized +29.5%

WPM WHEATON PRECIOUS METALS CORP 0.3%

Value $72.7M Shares 650,000 Est. Cost — Unrealized —

— STRATEGY INC 0.2%

Value $35.88M Shares 16,000,000 Est. Cost $2.05 Unrealized —

— WAYFAIR INC 0.1%

Value $31.09M Shares 15,000,000 Est. Cost $1.39 Unrealized —

GLIBK GCI LIBERTY INC 0.1%

Value $17.77M Shares 476,895 Est. Cost $35.27 Unrealized 0.0%

OXLC OXFORD LANE CAP CORP 0.1%

Value $17.26M Shares 1,019,239 Est. Cost $16.93 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TFPM	TRIPLE FLAG PRECIOUS METAL	133,815,727	$3.915B	17.2%	$12.36	+109.1%	COM	89679M104
PSX	PHILLIPS 66	19,251,000	$2.619B	11.5%	$116.23	+8.7%	COM	718546104
SU	SUNCOR ENERGY INC NEW	52,670,800	$2.202B	9.7%	$30.49	+31.6%	COM	867224107
LUV	SOUTHWEST AIRLS CO	51,128,500	$1.632B	7.2%	$26.84	+20.8%	COM	844741108
QQQ	INVESCO QQQ TR	2,000,000	$1.201B	5.3%	—	—	Put	46090E103
XLP	SELECT SECTOR SPDR TR	15,000,000	$1.176B	5.2%	—	—	Put	81369Y308
XLI	SELECT SECTOR SPDR TR	7,500,000	$1.157B	5.1%	—	—	Put	81369Y704
IWD	ISHARES TR	5,000,000	$1.018B	4.5%	—	—	Put	464287598
PINS	PINTEREST INC	28,000,000	$901M	4.0%	$22.64	+60.2%	CL A	72352L106
GDX	VANECK ETF TRUST	11,500,000	$879M	3.9%	—	—	Put	92189F106
NVDA	NVIDIA CORPORATION	4,330,000	$808M	3.6%	—	—	Put	67066G104
QQQ	INVESCO QQQ TR	1,250,000	$750M	3.3%	—	—	Call	46090E103
XLE	SELECT SECTOR SPDR TR	8,000,000	$715M	3.1%	—	—	Put	81369Y506
HPE	HEWLETT PACKARD ENTERPRISE C	18,630,978	$458M	2.0%	$16.47	+32.8%	COM	42824C109
UNIT	UNITI GROUP LLC	59,012,219	$361M	1.6%	$7.16	0.0%	COM SHS	912932100
ETSY	ETSY INC	5,000,000	$332M	1.5%	$66.66	-10.4%	COM	29786A106
XOP	SPDR SERIES TRUST	2,400,000	$317M	1.4%	—	—	Put	78468R556
HYG	ISHARES TR	3,800,000	$309M	1.4%	$80.65	—	IBOXX HI YD ETF	464288513
XLV	SELECT SECTOR SPDR TR	2,000,000	$278M	1.2%	—	—	Put	81369Y209
IGV	ISHARES TR	2,000,000	$230M	1.0%	—	—	Put	464287515
PEP	PEPSICO INC	1,275,000	$179M	0.8%	$140.43	0.0%	COM	713448108
DLR	DIGITAL RLTY TR INC	1,000,000	$173M	0.8%	—	—	Put	253868103
BILL	BILL HOLDINGS INC	3,000,000	$159M	0.7%	$46.44	0.0%	COM	090043100
XME	SPDR SERIES TRUST	1,400,000	$130M	0.6%	—	—	Put	78464A755
CCI	CROWN CASTLE INC	1,225,000	$118M	0.5%	$90.81	+9.1%	COM	22822V101
EQIX	EQUINIX INC	150,000	$117M	0.5%	$880.48	-12.1%	COM	29444U700
IGV	ISHARES TR	1,000,000	$115M	0.5%	—	—	Call	464287515
SDRL	SEADRILL LTD	3,703,746	$112M	0.5%	$37.14	-18.0%	COM	G7997W102
ST	SENSATA TECHNOLOGIES HLDG PL	3,250,000	$99.29M	0.4%	$38.52	-18.0%	SHS	G8060N102
OR	OR ROYALTIES INC.	2,180,151	$87.38M	0.4%	$24.09	+29.5%	COM SHS	68390D106
WPM	WHEATON PRECIOUS METALS CORP	650,000	$72.7M	0.3%	—	—	Put	962879102
—	STRATEGY INC	16,000,000	$35.88M	0.2%	$2.05	—	NOTE 0.625% 3/1	594972AJ0
—	WAYFAIR INC	15,000,000	$31.09M	0.1%	$1.39	—	NOTE 3.500%11/1	94419LAR2
GLIBK	GCI LIBERTY INC	476,895	$17.77M	0.1%	$35.27	0.0%	COM SER C	36164V800
OXLC	OXFORD LANE CAP CORP	1,019,239	$17.26M	0.1%	$16.93	—	COM	691543847