Great investors · Paul Singer · Q1 2026
What Paul Singer bought and sold in Q1 2026
Elliott Management 13F portfolio as of Mar 31, 2026: 17 positions worth $15.9 bn. Largest: TFPM, PSX, SU, LUV. Filed with the SEC on May 15, 2026.
The 13F is filed by Elliott Management, not by Paul Singer personally: these are the whole firm's positions. A “position” is a distinct security in the filing (by CUSIP); share classes of the same company are shown added together.
Buys in Q1 2026
- NewNorwegian Cruise Line HoldingsNCLH+1.6 pp
- IncreasedHewlett Packard EnterpriseHPE+1.3 pp
- NewTransoceanRIG+0.7 pp
Sells in Q1 2026
- ReducedSouthwest AirlinesLUV−4.9 pp
- Sold outIshares TrHYG−1.9 pp
- Sold outBILL HoldingsBILL−1.0 pp
- Sold outSensata Technologies HoldingST−0.7 pp
7 companies with material moves, out of 7 positions with a change. Only moves of 0.5 points of the portfolio or more are listed, measured as “traded weight” (what was bought or sold, excluding price effects). Smaller changes exist and are not listed: a position may have gone up or down without appearing above.
The full 13F, line by line
Elliott Management's Q1 2026 13F lists 17 lines of US-listed securities worth $15.9 bn; the largest is TFPM at 29.1% of the portfolio. It was accepted by the SEC on May 15, 2026 at 4:51 PM ET.
Against the previous quarter, it opened 2 positions (NCLH and RIG), closed 4 (HYG, BILL, ST and FSK), added to 3 (HPE, HDB and SDRL) and trimmed 1 (LUV). 11 lines show the same number of shares.
| # | Company | Shares | Value | Weight | Change in shares |
|---|---|---|---|---|---|
| 1 | Triple Flag Precious Metals TFPM | 133.2 M | $4.6 bn | 29.1% | no change |
| 2 | Phillips 66 PSX | 19.3 M | $3.5 bn | 22.1% | no change |
| 3 | Suncor Energy SU | 52.7 M | $3.5 bn | 21.9% | no change |
| 4 | Southwest Airlines LUV | 30.3 M | $1.1 bn | 7.17% | −41% |
| 5 | Hewlett Packard Enterprise HPE | 27.4 M | $653M | 4.11% | +47% |
| 6 | Uniti Group UNIT | 59.0 M | $554M | 3.48% | no change |
| 7 | Pinterest PINS | 28.0 M | $514M | 3.23% | no change |
| 8 | ETSY ETSY | 5.0 M | $250M | 1.57% | no change |
| 9 | Norwegian Cruise Line Holdings NCLH | 13.2 M | $247M | 1.55% | new |
| 10 | Seadrill SDRL | 4.7 M | $215M | 1.35% | +3.5% |
| 11 | Pepsico PEP | 1.3 M | $198M | 1.25% | no change |
| 12 | Equinix EQIX | 150,000 | $147M | 0.92% | no change |
| 13 | OR Royalties OR | 3.1 M | $118M | 0.74% | no change |
| 14 | Transocean RIG | 15.6 M | $104M | 0.65% | new |
| 15 | Crown Castle CCI | 1.2 M | $99.6M | 0.63% | no change |
| 16 | Liberty Capital GLIBK | 659,928 | $24.6M | 0.15% | no change |
| 17 | Hdfc Bank HDB | 797,085 | $19.8M | 0.12% | +268% |
Positions it closed (4)
- Ishares Tr HYGwas 2.11% · 3.8 M shares
- BILL Holdings BILLwas 1.13% · 3.0 M shares
- Sensata Technologies Holding STwas 0.74% · 3.3 M shares
- FS KKR Capital FSKwas 0.03% · 264,850 shares
One row per line of the filing (by CUSIP): share classes of the same company are listed separately here. “Change in shares” compares the count with the previous quarter, split-adjusted; the value is the one reported in the 13F at quarter end, not today's price.
Original documents: Elliott Management's 13F filings on EDGAR (SEC) ↗
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Source: 13F filings with the SEC. A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions. Not investment advice.