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Paul Singer

Elliott Management·activist·Concentrated / activist
Accredited only

~13–14% since 1977

21% of this fund's disclosed 13F value is options — calls/puts are directional bets, not share ownership. Positions tagged PUT / CALL below. Only long-stock positions count toward "who owns" on stock pages.

Portfolio value

$20.1B

Positions

30

Top 5 concentration

70%

New buys this quarter

7

Quarterly activity

What Paul Singer bought and sold each quarter.

Mar 2026vs Dec 2025

Bought (11)

$XLYputNew buy2.3%$NCLHNew buy1.2%$IWMputNew buy0.6%$RIGNew buy0.5%$FTVputNew buy0.2%$EMRputNew buy0.1%$WPMcallNew buy0.1%$HPEAdded+47.2%$HYGputAdded+31.6%$DLRputAdded+50%$HDBADRAdded+267.7%

Sold (12)

$FSKSold out$BILLSold out$IGVcallSold out$NVDAputSold out$STSold out$XLEputSold out$XOPputSold out$QQQputTrimmed-84%$GDXcallTrimmed-73.9%$IWDputTrimmed-64.3%$XLPputTrimmed-54.3%$LUVTrimmed-40.6%
Dec 2025vs Sep 2025

Bought (8)

$GLIBKNew buy0.1%$FSKNew buy0%$HDBADRNew buy0%$XLPputAdded+33.3%$GDXputAdded+21.7%$XLEputAdded+100%$SDRLAdded+23.1%$ORAdded+42.7%

Sold (8)

$OXLCSold out$WPMputSold out$XLVputSold out$IGVcallTrimmed-56.7%$IWDputTrimmed-44%$XMEputTrimmed-35.7%$NVDAputTrimmed-30.7%$QQQputTrimmed-23.1%
Sep 2025vs Jun 2025

Bought (14)

$XLPputNew buy5.2%$XLEputNew buy3.2%$IGVputNew buy1.5%$XOPputNew buy1.4%$XLVputNew buy1.2%$BILLNew buy0.7%$WPMputNew buy0.3%$OXLCNew buy0.1%$QQQputAdded+62.5%$XLIputAdded+114.3%$GDXputAdded+187.5%$NVDAputAdded+67.8%$UNITAdded+483.1%$DLRputAdded+33.3%

Sold (10)

$WDCSold out$LBRDKSold out$IWMETFSold out$SMHETFSold out$HLTSold out$SPYUnitSold out$SNDKSold out$PEPTrimmed-68.1%$XMEputTrimmed-50.9%$LUVTrimmed-5.3%
Jun 2025vs Mar 2025

Bought (13)

$SPYUnitNew buy7.4%$PEPputNew buy2.9%$NVDANew buy2.3%$HPENew buy2.1%$HYGETFNew buy1.7%$SMHETFNew buy1.5%$DLRNew buy0.7%$PSXAdded+22.4%$QQQUnitAdded+24%$IWMETFAdded+100%$GDXETFAdded+100%$XMEAdded+111.1%$HLTAdded+60%

Sold (14)

$HWMSold out$CRMDSold out$BMRNSold out$MTCHSold out$HDBADRSold out$MARputSold out$CSCOputSold out$ETWOSold out$RIGSold out$XOPputSold out$TXNcallSold out$ARMADRSold out$XLITrimmed-72%$IWDETFTrimmed-9.1%
Mar 2025vs Dec 2024

Bought (9)

$IWDputNew buy6.9%$CSCOputNew buy0.8%$EQIXNew buy0.8%$IWMputNew buy0.7%$GDXputNew buy0.6%$ORNew buy0.3%$SNDKNew buy0.2%$PSXAdded+914.5%$XLIputAdded+108.3%

Sold (25)

$SPYputSold out$NRGSold out$BHCSold out$ICLRcallSold out$XLEputSold out$XLFputSold out$OIHputSold out$NVDAputSold out$MTCHTrimmed-75.1%$XMEputTrimmed-75%$QQQputTrimmed-61.8%$CRMDTrimmed-57.4%$LUVTrimmed-54.8%$ARMADRTrimmed-53.5%$UNITTrimmed-50%$SDRLTrimmed-50%$HWMTrimmed-50%$WDCTrimmed-50%$ETSYTrimmed-50%$BMRNTrimmed-50%$HDBADRTrimmed-50%$MARputTrimmed-50%$HLTputTrimmed-50%$ETWOTrimmed-50%$PINSTrimmed-50%
Dec 2024vs Sep 2024

Bought (25)

$XLIputNew buy2.4%$NVDAputNew buy1.2%$XOPputNew buy0.3%$SPYputAdded+100%$LUVAdded+95.3%$TFPM.TOAdded+100%$SUAdded+100%$QQQputAdded+604.2%$PINSAdded+100%$MTCHAdded+100%$XLFputAdded+100%$ETSYAdded+100%$OIHputAdded+54.8%$BMRNAdded+100%$LBRDKAdded+100%$SDRLAdded+100%$XMEputAdded+31.7%$WDCAdded+100%$CCIAdded+100%$TXNcallAdded+100%$PSXAdded+100%$STAdded+100%$ETWOAdded+100%$MARputAdded+100%$HDBADRAdded+111.5%

Sold (16)

$CAHSold out$CTLTSold out$HSTputSold out$ALKcallSold out$AALputSold out$JETSputSold out$HputSold out$IQVcallSold out$IWMputSold out$EQIXputSold out$PKputSold out$XLUSold out$XLBputSold out$ARMADRTrimmed-68.4%$XLEputTrimmed-48.1%$ICLRcallTrimmed-24.1%
Sep 2024vs Jun 2024

Bought (20)

$SPYputNew buy21.7%$XLUNew buy0.6%$TXNcallNew buy0.5%$MARputNew buy0.3%$ALKcallNew buy0.2%$HLTputNew buy0.2%$HputNew buy0.2%$EQIXputNew buy0.2%$XLBputNew buy0.2%$IQVcallNew buy0.1%$ICLRcallNew buy0.1%$XLEputAdded+59.7%$LUVAdded+918.6%$ETSYAdded+11.1%$JETSputAdded+34.7%$IWMputAdded+25%$LBRDKAdded+8.7%$AALputAdded+30.4%$WDCAdded+89.9%$ARMcallAdded+533.3%

Sold (15)

$HYGETFSold out$BHPcallSold out$RSPputSold out$TLTcallSold out$IBBputSold out$MPCSold out$SNAPputSold out$UALputSold out$GDXputSold out$QQQputTrimmed-89.8%$XMEputTrimmed-18%$OIHputTrimmed-13.1%$SDRLTrimmed-8.6%$NRGTrimmed-6.7%$XLFputTrimmed-6.7%
Jun 2024vs Mar 2024

Bought (20)

$RSPputNew buy1.9%$IWMputNew buy1.2%$LUVNew buy1%$GDXputNew buy1%$AALputNew buy0.8%$BHPcallNew buy0.8%$STNew buy0.7%$SNAPputNew buy0.2%$UALputNew buy0.2%$HSTputNew buy0.1%$ARMADRNew buy0.1%$PKputNew buy0%$QQQputAdded+52.8%$IBBputAdded+24.4%$MTCHAdded+183.8%$ETSYAdded+100%$JETSputAdded+660%$LBRDKAdded+29%$RIGAdded+21.7%$HDBADRAdded+14.1%

Sold (17)

$DLRputSold out$NVDASold out$BTUSold out$PSNYADRSold out$STZSold out$EQIXputSold out$IBITSold out$LQDcallSold out$EDRSold out$XBIputSold out$XRTputSold out$VLOcallSold out$VNQcallSold out$SDRLTrimmed-28.7%$XLFputTrimmed-25%$OIHputTrimmed-14.7%$XLEputTrimmed-6.5%

Quarter-over-quarter change in disclosed positions.

Holdings

StockMove% of portfolioSince report

TRIPLE FLAG PRECIOUS METAL

Held
23%
+16.3%

PHILLIPS 66

Held
17.5%
+4.2%

SUNCOR ENERGY INC NEW

Held
17.3%
-11.5%
$XLIPut option

SELECT SECTOR SPDR TR

Held
6%
+12%

SOUTHWEST AIRLS CO

Trimmed
5.7%
+31%
$XLPPut option

SELECT SECTOR SPDR TR

Trimmed
3.7%
+1.5%

HEWLETT PACKARD ENTERPRISE C

Added
3.3%
+106.2%

UNITI GROUP LLC

Held
2.8%
+18.4%

PINTEREST INC

Held
2.6%
+23.7%
$XLYPut option

SELECT SECTOR SPDR TR

New buy
2.3%
+7.2%
$HYGPut option

ISHARES TR

Added
2%
+0.2%
$GDXCall option

VANECK ETF TRUST

Trimmed
1.7%
-17.4%
$DLRPut option

DIGITAL RLTY TR INC

Added
1.3%
-0.5%

ETSY INC

Held
1.2%
+55.5%

NORWEGIAN CRUISE LINE HLDGS

New buy
1.2%
+5.7%
$QQQPut option

INVESCO QQQ TR

Trimmed
1.1%
+25.3%

SEADRILL LTD

Held
1.1%
-12.7%
$IWDPut option

ISHARES TR

Trimmed
1.1%
+15.3%

PEPSICO INC

Held
1%
-11.2%

EQUINIX INC

Held
0.7%
+5.6%
$IWMPut option

ISHARES TR

New buy
0.6%
+19.9%

OR ROYALTIES INC.

Held
0.6%
-21.8%

TRANSOCEAN LTD

New buy
0.5%
-22.5%

CROWN CASTLE INC

Held
0.5%
-5.7%
$XMEPut option

SPDR SERIES TRUST

Held
0.5%
-4.4%
$FTVPut option

FORTIVE CORP

New buy
0.2%
+10.6%
$EMRPut option

EMERSON ELEC CO

New buy
0.1%
+5.2%

GCI LIBERTY INC

Held
0.1%
-40.1%
$HDBADR

HDFC BANK LTD

Added
0.1%
+6.6%
$WPMCall option

WHEATON PRECIOUS METALS CORP

New buy
0.1%
-15.5%

Notable sell-outs this quarter: $FSK, $BILL, $IGV, $NVDA, $ST, $XLE, $XOP

Source: SEC 13F via FMP · Mar 2026 report · 45-day filing delay. Long equity positions only. Not financial advice.