Elliott Investment Management L.P.

CIK

1791786

Location

WEST PALM BEACH, FL

Portfolio Value

Large $16,450,686,087

Diversification

Diversified

Filing Date

Global Rank

#230 / 8,420 ▲ 86

Top Industry

Other Precious Metals & Mining 29.8%

3Y Alpha vs SPY

+10.8%

Period ended 5 months ago

Filed Feb 18, 2026 · 4mo

23 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+128.2%

SPY

+76.5%

Annualised alpha

+10.8%

Max drawdown

−18.5%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

20 positions · as of Dec 31, 2025 · Δ vs Sep 30, 2025

Top Position

27.0%

+3.0 pts

Top 5

78.5%

+3.0 pts

Top 10

93.2%

+0.2 pts

HHI

1,466

Diversified+129

Portfolio Trend

23 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2025

Sector	% Portfolio	Value	Positions
Energy	30.3%	$4,978,358,754	3
Basic Materials	27.7%	$4,555,456,740	2
Industrials	12.8%	$2,113,140,905	1
Unclassified	9.3%	$1,535,775,000	1
Technology	7.8%	$1,278,828,591	4
Real Estate	4.8%	$792,175,405	4
Communication Services	4.4%	$724,920,000	1
Consumer Cyclical	1.7%	$277,200,000	1
Consumer Defensive	1.1%	$182,988,000	1
Financial Services	0.1%	$11,842,692	2

Last Quarter's Activity

Export CSV

Dec 31, 2025 vs Sep 30, 2025

Added To

Positions the filer increased

2 positions

Ticker	Company	Δ Shares	Shares	Value
OR	OR Royalties Inc.	+930,849	3,111,000	$110,098,290
SDRL	Seadrill Ltd	+855,012	4,558,758	$157,733,026
No positions match the current search.

Trimmed

Positions the filer reduced

2 positions

Ticker	Company	Δ Shares	Shares	Value
NVDA	Nvidia Corp	−1,330,000	3,000,000	$559,500,000
QQQ	Invesco Qqq Trust, Series 1	−750,000	2,500,000	$1,535,775,000
No positions match the current search.

New Positions

Positions the filer opened this quarter

2 positions

Ticker	Company	Shares	Value
HDB	Hdfc Bank Ltd	216,756	$7,920,264
FSK	FS KKR Capital Corp	264,850	$3,922,428
No positions match the current search.

Sold Out

Positions the filer fully exited

2 positions

Ticker	Company	Shares	Value
WPM	Wheaton Precious Metals Corp.	650,000	$72,696,000
OXLC	Oxford Lane Capital Corp.	1,019,239	$17,255,716
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

20 positions · $16,450,686,087 total · as of Dec 31, 2025

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Industrials Real Estate Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
TFPM	Triple Flag Precious Metals Corp. Basic Materials	Held	133,815,727	0	$4,445,358,450	+13.5%	27.02%
PSX	Phillips 66 Energy	Held	19,251,000	0	$2,484,149,040	−5.1%	15.10%
SU	Suncor Energy Inc Energy	Held	52,670,800	0	$2,336,476,688	+6.1%	14.20%
LUV	Southwest Airlines Co Industrials	Held	51,128,500	0	$2,113,140,905	+29.5%	12.85%
QQQ	Invesco Qqq Trust, Series 1	Reduced	2,500,000	-750,000	$1,535,775,000	−21.3%	9.34%
PINS	Pinterest, Inc. Communication Services	Held	28,000,000	0	$724,920,000	−19.5%	4.41%
NVDA	Nvidia Corp Technology	Reduced	3,000,000	-1,330,000	$559,500,000	−30.7%	3.40%
HPE	Hewlett Packard Enterprise Co Technology	Held	18,630,978	0	$447,516,091	−2.2%	2.72%
UNIT	Uniti Group Inc. Real Estate	Held	59,012,219	0	$413,675,655	+14.5%	2.51%
ETSY	Etsy Inc Consumer Cyclical	Reduced	5,000,000	-5,000,000	$277,200,000	−58.2%	1.69%
PEP	Pepsico Inc Consumer Defensive	Held	1,275,000	0	$182,988,000	+2.2%	1.11%
BILL	BILL Holdings, Inc. Technology	Held	3,000,000	0	$163,620,000	+3.0%	0.99%
SDRL	Seadrill Ltd Energy	Added	4,558,758	+855,012	$157,733,026	+41.0%	0.96%
DLR	Digital Realty Trust, Inc. Real Estate	Held	1,000,000	0	$154,710,000	−10.5%	0.94%
EQIX	Equinix Inc Real Estate	Held	150,000	0	$114,924,000	−2.2%	0.70%
OR	OR Royalties Inc. Basic Materials	Added	3,111,000	+930,849	$110,098,290	+26.0%	0.67%
CCI	Crown Castle Inc. Real Estate	Held	1,225,000	0	$108,865,750	−7.9%	0.66%
ST	Sensata Technologies Holding plc Technology	Held	3,250,000	0	$108,192,500	+9.0%	0.66%
HDB	Hdfc Bank Ltd Financial Services	NEW	216,756	NEW	$7,920,264	NEW	0.05%
FSK	FS KKR Capital Corp Financial Services	NEW	264,850	NEW	$3,922,428	NEW	0.02%