What Paul Singer Bought in Q4 2025
Elliott Investment Management · Quarterly 13F recap as filed with the SEC.
Period: 2025-12-31 · Filed · Historical
$22.59B
Total Value
34
Holdings
2
New Buys
6
Reduced
In Q4 2025, Paul Singer reported 34 long equity positions worth $22.59B in their Elliott Investment Management 13F filing, including 2 new positions (largest: HDFC BANK LTD at $7.9M) and 7 increased positions.
| Rank | Ticker | Company | Shares | Value | % Portfolio | Change |
|---|---|---|---|---|---|---|
| 1 | TFPM | TRIPLE FLAG PRECIOUS METAL | 133815727 | $4.45B | 19.67% | — |
| 2 | PSX | PHILLIPS 66 | 19251000 | $2.48B | 10.99% | — |
| 3 | SU | SUNCOR ENERGY INC NEW | 52670800 | $2.34B | 10.34% | — |
| 4 | LUV | SOUTHWEST AIRLS CO | 51128500 | $2.11B | 9.35% | — |
| 5 | XLP | Consumer Staples Select Sector SPDR | 20000000 | $1.55B | 6.88% | +33.3% |
| 6 | GDX | VANECK ETF TRUST | 14000000 | $1.20B | 5.31% | +21.7% |
| 7 | XLI | Industrial Select Sector SPDR | 7500000 | $1.16B | 5.15% | — |
| 8 | QQQ | Invesco QQQ Trust (Nasdaq-100) | 1500000 | $921.5M | 4.08% | -25.0% |
| 9 | PINS | PINTEREST INC | 28000000 | $724.9M | 3.21% | — |
| 10 | XLE | Energy Select Sector SPDR | 16000000 | $715.4M | 3.17% | 100.0% |
| 11 | QQQ | Invesco QQQ Trust (Nasdaq-100) | 1000000 | $614.3M | 2.72% | -20.0% |
| 12 | IWD | ISHARES TR | 2800000 | $589.0M | 2.61% | -44.0% |
| 13 | NVDA | NVIDIA CORPORATION | 3000000 | $559.5M | 2.48% | -30.7% |
| 14 | HPE-PC | HEWLETT PACKARD ENTERPRISE C | 18630978 | $447.5M | 1.98% | — |
| 15 | UNIT | UNITI GROUP LLC | 59012219 | $413.7M | 1.83% | — |
| 16 | HYG | iShares iBoxx $ High Yield Corporate Bond ETF | 3800000 | $306.4M | 1.36% | — |
| 17 | XOP | SPDR SERIES TRUST | 2398400 | $302.8M | 1.34% | -0.1% |
| 18 | ETSY | ETSY INC | 5000000 | $277.2M | 1.23% | — |
| 19 | PEP | PEPSICO INC | 1275000 | $183.0M | 0.81% | — |
| 20 | BILL | BILL HOLDINGS INC | 3000000 | $163.6M | 0.72% | — |
| 21 | SDRL | SEADRILL LTD | 4558758 | $157.7M | 0.70% | +23.1% |
| 22 | DLR-PL | DIGITAL RLTY TR INC | 1000000 | $154.7M | 0.68% | — |
| 23 | EQIX | EQUINIX INC | 150000 | $114.9M | 0.51% | — |
| 24 | OR | OR ROYALTIES INC. | 3111000 | $110.1M | 0.49% | +42.7% |
| 25 | CCI | CROWN CASTLE INC | 1225000 | $108.9M | 0.48% | — |
| 26 | ST | SENSATA TECHNOLOGIES HLDG PL | 3250000 | $108.2M | 0.48% | — |
| 27 | IGV | ISHARES TR | 1000000 | $105.7M | 0.47% | — |
| 28 | XME | SPDR SERIES TRUST | 900000 | $93.2M | 0.41% | +-35.7% |
| 29 | W | WAYFAIR INC | 15000000 | $34.3M | 0.15% | — |
| 30 | IGV | ISHARES TR | 300000 | $31.7M | 0.14% | +-85.0% |
| 31 | GLIBK | GCI LIBERTY INC | 659928 | $24.6M | 0.11% | +38.4% |
| 32 | MSTR 0.625 03/15/30 | STRATEGY INC | 16000000 | $22.7M | 0.10% | — |
| 33 | HDB | HDFC BANK LTD | 216756 | $7.9M | 0.04% | NEW |
| 34 | FSK | FS KKR CAP CORP | 264850 | $3.9M | 0.02% | NEW |