Elliott Investment Management LP
The positions Elliott Investment Management LP reported on its Form 13F for Q2 2026, the quarter ending 30 Jun 2026, filed on 14 Aug 2026. Every figure below is the filing’s own: US-listed long equity, valued at the quarter end, with the change measured against the same manager’s previous filing.
What Elliott Investment Management LP wrote
Letters & Theses13 reviewed claims from Elliott Investment Management LP’s letters: what it argued, company by company, beside what it owns.
Reported book is the quarter-end market value of the securities on the 13F, mostly US-listed long equity. It is not the manager’s assets under management: shorts, cash, leverage and most non-US or private holdings sit outside it.
Opened this quarter
A new position is the clearest thing a filing says. Somebody argued for it recently, and it is the easiest question to be ready for.
- iShares Expanded Tech (IGV)puts$1.4bn · 6.3%
- Select Sector SPDR Industrial ETF (XLI)puts$959m · 4.2%
- Select Sector SPDR Discretionary ETF (XLY)puts$833m · 3.7%
- Select Sector SPDR Stapl ETF (XLP)puts$800m · 3.5%
- iShares U.s. MED DVC ETF (IHI)puts$618m · 2.7%
- VanEck Semiconductor (SMH)puts$164m · 0.7%
- Synopsys Inc (SNPS)$102m · 0.4%
- SPDR Series SP Metal (XME)puts$96m · 0.4%
- Invesco Exchange Traded FD T S&P500 EQL WGT (RSP)puts$84m · 0.4%
- iShares U.s. MED DVC ETF (IHI)calls$69m · 0.3%
- Quantinuum Inc (QNT)Class A Common$12m · 0.1%
Sold out of this quarter
Exits are valued at what the position was worth in the previous filing, because by this one it is gone.
- iShares Trust (HYG)$398m held before
- Digital Rlty TR Inc (DLR)$270m held before
- iShares Trust (IWD)$214m held before
- Crown Castle Inc (CCI)$100m held before
- Fortive Corp (FTV)$42m held before
- Wayfair Inc (W)$26m held before
- Emerson Elec Co (EMR)$26m held before
- Gci Liberty Inc (GLIBK)$25m held before
- Wheaton Precious Metals Corp (WPM)$13m held before
- Strategy Inc$12m held before
Every reported position, Q2 2026
29 positions, sorted by weight
| Position | Weight ↓ | Value | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Triple Flag Precious Metal (TFPM) CUSIP 89679M104 | 18% | $4.0bn | 133,241,535 | -$632m -6,680 shares | Trimmed |
| Phillips 66 (PSX) CUSIP 718546104 | 14% | $3.3bn | 19,251,000 | -$253m 0 shares | Held |
| Invesco QQQ Trust (QQQ) puts · CUSIP 46090E103 | 11% | $2.6bn | 3,480,000 | +$2.3bn +3,080,000 shares | Added |
| Suncor Energy Inc New (SU) CUSIP 867224107 | 7.0% | $1.6bn | 29,454,000 | -$1.9bn -23,216,800 shares | Trimmed |
| Hewlett Packard Enterprise C (HPE) CUSIP 42824C109 | 6.4% | $1.5bn | 32,271,985 | +$803m +4,850,250 shares | Added |
| iShares Expanded Tech (IGV) puts · CUSIP 464287515 | 6.3% | $1.4bn | 15,750,000 | No earlier filing | New |
| Southwest Airls Co (LUV) CUSIP 844741108 | 5.5% | $1.2bn | 24,308,000 | +$110m -6,038,000 shares | Trimmed |
| Select Sector SPDR Industrial ETF (XLI) puts · CUSIP 81369Y704 | 4.2% | $959m | 5,175,000 | No earlier filing | New |
| Select Sector SPDR Discretionary ETF (XLY) puts · CUSIP 81369Y407 | 3.7% | $833m | 7,100,000 | No earlier filing | New |
| Select Sector SPDR Stapl ETF (XLP) puts · CUSIP 81369Y308 | 3.5% | $800m | 9,625,000 | No earlier filing | New |
| VanEck Gold Miners (GDX) puts · CUSIP 92189F106 | 3.0% | $690m | 9,150,000 | +$539m +7,500,000 shares | Added |
| Uniti Group LLC (UNIT) CUSIP 912932100 | 3.0% | $677m | 59,012,219 | +$123m 0 shares | Held |
| iShares U.s. MED DVC ETF (IHI) puts · CUSIP 464288810 | 2.7% | $618m | 12,500,000 | No earlier filing | New |
| Pinterest Inc (PINS) Class A · CUSIP 72352L106 | 2.6% | $589m | 28,000,000 | +$75m 0 shares | Held |
| Etsy Inc (ETSY) CUSIP 29786A106 | 1.7% | $377m | 5,000,000 | +$127m 0 shares | Held |
| Norwegian Cruise Line HLDGS (NCLH) CUSIP G66721104 | 1.4% | $310m | 14,686,000 | +$63m +1,500,000 shares | Added |
| Pepsico Inc (PEP) CUSIP 713448108 | 0.8% | $173m | 1,275,000 | -$25m 0 shares | Held |
| Seadrill LTD (SDRL) CUSIP G7997W102 | 0.7% | $168m | 4,439,681 | -$47m -279,404 shares | Trimmed |
| VanEck Semiconductor (SMH) puts · CUSIP 92189F676 | 0.7% | $164m | 250,000 | No earlier filing | New |
| Equinix Inc (EQIX) CUSIP 29444U700 | 0.7% | $156m | 150,000 | +$9.3m 0 shares | Held |
| Synopsys Inc (SNPS) CUSIP 871607107 | 0.4% | $102m | 227,500 | No earlier filing | New |
| Or Royalties Inc. (OR) CUSIP 68390D106 | 0.4% | $98m | 3,111,000 | -$20m 0 shares | Held |
| SPDR Series SP Metal (XME) puts · CUSIP 78464A755 | 0.4% | $96m | 900,000 | No earlier filing | New |
| Invesco Exchange Traded FD T S&P500 EQL WGT (RSP) puts · CUSIP 46137V357 | 0.4% | $84m | 395,000 | No earlier filing | New |
| Transocean LTD (RIG) Registered Shares · CUSIP H8817H100 | 0.3% | $76m | 15,626,834 | -$27m 0 shares | Held |
| iShares Russell 2000 ETF (IWM) puts · CUSIP 464287655 | 0.3% | $75m | 250,000 | -$49m -250,000 shares | Trimmed |
| iShares U.s. MED DVC ETF (IHI) calls · CUSIP 464288810 | 0.3% | $69m | 1,400,000 | No earlier filing | New |
| HDFC Bank LTD (HDB) Sponsored ADS · CUSIP 40415F101 | 0.1% | $21m | 797,085 | +$800k 0 shares | Held |
| Quantinuum Inc (QNT) Class A Common · CUSIP 74768A104 | 0.1% | $12m | 150,000 | No earlier filing | New |
Every filing on file
| Quarter | Period end | Filed | Book | Positions | Top 10 | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | 30 Jun 2026 | 14 Aug 2026 | $22.7bn | 29 | 80% | 13F-HR |
| Q1 2026 | 31 Mar 2026 | 15 May 2026 | $20.1bn | 33 | 84% | 13F-HR |
| Q4 2025 | 31 Dec 2025 | 18 Feb 2026 | $22.6bn | 34 | 78% | 13F-HR |
| Q3 2025 | 30 Sept 2025 | 14 Nov 2025 | $22.7bn | 35 | 73% | 13F-HR |
| Q2 2025 | 30 Jun 2025 | 14 Aug 2025 | $18.1bn | 31 | 81% | 13F-HR |
| Q1 2025 | 31 Mar 2025 | 15 May 2025 | $15.2bn | 41 | 87% | 13F-HR |
| Q4 2024 | 31 Dec 2024 | 28 Apr 2025 | $16.7bn | 45 | 82% | 13F-HR |
| Q3 2024 | 30 Sept 2024 | 14 Nov 2024 | $19.3bn | 59 | 77% | 13F-HR |
Taking this into the room
Pick one name from the top of the book and one from the new positions, and know both properly: what the company earns, what it is priced at, and what has to be true for the position to work. That is a conversation. Reciting the whole table is not, and the interviewer wrote it.
A position sold out of is worth as much preparation as one opened. Ask what changed rather than asserting the fund was wrong, and be ready for the answer that the thesis played out and the money went somewhere better.
What this filing leaves out
A 13F covers US-listed long equity at one moment in time. Shorts, bonds, cash, private positions and non-US listings never appear, and options are reported in a form that will mislead you if you read them as a position. A long/short manager showing $8bn here may run a book several times that size.
The lag matters too. Positions are as at the quarter end and the filing arrives up to forty-five days later, so what you are reading is at least six weeks old and possibly four months. Phrase it as what the filing showed, not what the fund holds today.
You have read the book. Now have a view on one name
Pick a position, work out what it is worth, and be ready to defend it. That is the difference between a candidate who read the filing and one who did something with it.
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This manager, next quarter, and the week between
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