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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.

Reported book
$22.7bn
+$2.6bn on Q1 2026
Positions
29
11 new, 10 sold out
Top ten weight
80%
Concentrated
Quarter
Q2 2026
Filed 14 Aug 2026
Read the Q2 2026 filing on sec.gov CIK 0001791786 · Value / activist · FL
Reported book by quarter
$0$11.4bn$22.7bnQ3 24: $19.3bn$19.3bnQ3 24Q4 24: $16.7bn$16.7bnQ4 24Q1 25: $15.2bn$15.2bnQ1 25Q2 25: $17.6bn$17.6bnQ2 25Q3 25: $22.7bn$22.7bnQ3 25Q4 25: $22.6bn$22.6bnQ4 25Q1 26: $20.1bn$20.1bnQ1 26Q2 26: $22.7bn$22.7bnQ2 26
Largest positions, share of the book
Triple Flag Precious Metal: 18%Triple Flag Precious Me…18%Phillips 66 (PSX): 14%Phillips 66 (PSX)14%Invesco QQQ TR: 11%Invesco QQQ TR11%Suncor Energy Inc New (SU): 7.0%Suncor Energy Inc New (…7.0%Hewlett Packard Enterprise C: 6.4%Hewlett Packard Enterpr…6.4%iShares TR: 6.3%iShares TR6.3%Southwest Airls Co: 5.5%Southwest Airls Co5.5%Select Sector SPDR TR: 4.2%Select Sector SPDR TR4.2%Select Sector SPDR TR: 3.7%Select Sector SPDR TR3.7%Select Sector SPDR TR: 3.5%Select Sector SPDR TR3.5%

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 TR$1.4bn · 6.3%
  • Select Sector SPDR TR$959m · 4.2%
  • Select Sector SPDR TR$833m · 3.7%
  • Select Sector SPDR TR$800m · 3.5%
  • iShares TR$618m · 2.7%
  • Vaneck ETF Trust$164m · 0.7%
  • Synopsys Inc (SNPS)$102m · 0.4%
  • SPDR Series Trust$96m · 0.4%
  • Invesco Exchange Traded FD T$84m · 0.4%
  • iShares TR$69m · 0.3%
  • Quantinuum Inc (QNT)$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 TR$398m held before
  • Digital Rlty TR Inc$270m held before
  • iShares TR$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$26m held before
  • Gci Liberty Inc$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

PositionWeightValueSharesChange on the quarterAction
Triple Flag Precious Metal
COM · CUSIP 89679M104
18%$4.0bn133,241,535
-$632m
-6,680 shares
Trimmed
Phillips 66 (PSX)
COM · CUSIP 718546104
14%$3.3bn19,251,000
-$253m
0 shares
Held
Invesco QQQ TR
UNIT SER 1 PUT · CUSIP 46090E103
11%$2.6bn3,480,000
+$2.3bn
+3,080,000 shares
Added
Suncor Energy Inc New (SU)
COM · CUSIP 867224107
7.0%$1.6bn29,454,000
-$1.9bn
-23,216,800 shares
Trimmed
Hewlett Packard Enterprise C
COM · CUSIP 42824C109
6.4%$1.5bn32,271,985
+$803m
+4,850,250 shares
Added
iShares TR
EXPANDED TECH PUT · CUSIP 464287515
6.3%$1.4bn15,750,000No earlier filingNew
Southwest Airls Co
COM · CUSIP 844741108
5.5%$1.2bn24,308,000
+$110m
-6,038,000 shares
Trimmed
Select Sector SPDR TR
ST STR INDL ETF PUT · CUSIP 81369Y704
4.2%$959m5,175,000No earlier filingNew
Select Sector SPDR TR
ST STR DISCR ETF PUT · CUSIP 81369Y407
3.7%$833m7,100,000No earlier filingNew
Select Sector SPDR TR
ST STR STAPL ETF PUT · CUSIP 81369Y308
3.5%$800m9,625,000No earlier filingNew
Vaneck ETF Trust
GOLD MINERS ETF PUT · CUSIP 92189F106
3.0%$690m9,150,000
+$539m
+7,500,000 shares
Added
Uniti Group LLC (UNIT)
COM SHS · CUSIP 912932100
3.0%$677m59,012,219
+$123m
0 shares
Held
iShares TR
U.S. MED DVC ETF PUT · CUSIP 464288810
2.7%$618m12,500,000No earlier filingNew
Pinterest Inc (PINS)
CL A · CUSIP 72352L106
2.6%$589m28,000,000
+$75m
0 shares
Held
Etsy Inc (ETSY)
COM · CUSIP 29786A106
1.7%$377m5,000,000
+$127m
0 shares
Held
Norwegian Cruise Line HLDGS
SHS · CUSIP G66721104
1.4%$310m14,686,000
+$63m
+1,500,000 shares
Added
Pepsico Inc (PEP)
COM · CUSIP 713448108
0.8%$173m1,275,000
-$25m
0 shares
Held
Seadrill LTD (SDRL)
COM · CUSIP G7997W102
0.7%$168m4,439,681
-$47m
-279,404 shares
Trimmed
Vaneck ETF Trust
SEMICONDUCTR ETF PUT · CUSIP 92189F676
0.7%$164m250,000No earlier filingNew
Equinix Inc (EQIX)
COM · CUSIP 29444U700
0.7%$156m150,000
+$9.3m
0 shares
Held
Synopsys Inc (SNPS)
COM · CUSIP 871607107
0.4%$102m227,500No earlier filingNew
Or Royalties Inc. (OR)
COM SHS · CUSIP 68390D106
0.4%$98m3,111,000
-$20m
0 shares
Held
SPDR Series Trust
ST STR SP METAL PUT · CUSIP 78464A755
0.4%$96m900,000No earlier filingNew
Invesco Exchange Traded FD T
S&P500 EQL WGT PUT · CUSIP 46137V357
0.4%$84m395,000No earlier filingNew
Transocean LTD (RIG)
REGISTERED SHS · CUSIP H8817H100
0.3%$76m15,626,834
-$27m
0 shares
Held
iShares TR
RUSSELL 2000 ETF PUT · CUSIP 464287655
0.3%$75m250,000
-$49m
-250,000 shares
Trimmed
iShares TR
U.S. MED DVC ETF CALL · CUSIP 464288810
0.3%$69m1,400,000No earlier filingNew
HDFC Bank LTD (HDB)
SPONSORED ADS · CUSIP 40415F101
0.1%$21m797,085
+$800k
0 shares
Held
Quantinuum Inc (QNT)
CL A COM · CUSIP 74768A104
0.1%$12m150,000No earlier filingNew

Every filing on file

QuarterPeriod endFiledBookPositionsTop 10Filing
Q2 202630 Jun 202614 Aug 2026$22.7bn2980%13F-HR
Q1 202631 Mar 202615 May 2026$20.1bn3384%13F-HR
Q4 202531 Dec 202518 Feb 2026$22.6bn3478%13F-HR
Q3 202530 Sept 202514 Nov 2025$22.7bn3573%13F-HR
Q2 202530 Jun 202514 Aug 2025$17.6bn3083%13F-HR
Q1 202531 Mar 202515 May 2025$15.2bn4187%13F-HR
Q4 202431 Dec 202428 Apr 2025$16.7bn4582%13F-HR
Q3 202430 Sept 202414 Nov 2024$19.3bn5977%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.

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