With his hedge fund Elliott Investment Management, Paul Singer also invested in numerous stocks in the first quarter of 2026. A look at the portfolio.
Institutional investors managing over $100 million are required by law to file their portfolio data quarterly with the U.S. Securities and Exchange Commission. This also provides insight into the strategy of Paul Singer’s hedge fund Elliott Investment Management. As of March 31, 2026, the portfolio had a total value of $20.11 billion, although the concentration is extremely high: almost 60 percent of the capital is in the three largest positions. Despite this concentration, the fund was extremely stable in the first quarter. The following ranking focuses purely on stock investments; Derivatives such as puts and calls are not taken into account. The data is as of March 31, 2026.
Thomas Zoller, editorial team at finanzen.net
11th place: The ranking
Large investors with assets under management of over $100 million must disclose their portfolio structure to the US Securities and Exchange Commission on a quarterly basis. Elliott Investment Management, the hedge fund run by well-known activist investor Paul Singer, is also subject to this reporting requirement. As of March 31, 2026, the total value of the portfolio was $20.11 billion. The following list shows the ten largest stock positions in the first quarter of 2026, weighted by their percentage share.
Source: sec.gov, Image: Thos Robinson/Getty Images for New York Times Sour
10th place: Seadrill
A newcomer immediately secures tenth place in the Singer portfolio: Seadrill. By purchasing 160,327 shares last quarter, the offshore drilling company’s position grew to a total of 4,719,085 shares. With a market value of $214.72 million as of the reporting date, the investment now accounts for 1.07 percent of the total portfolio, making it into the top 10.
Source: sec.gov, Image: T. Schneider / Shutterstock.com
9th place: Norwegian Cruise Line
Norwegian Cruise Line managed to enter the top 10 directly. The position was completely rebuilt with 13,186,000 shares. With a market value of $246.58 million as of the reporting date, the investment in the cruise company accounts for 1.23 percent of the portfolio.
Source: sec.gov, symbolic image: Sofiaworld / Shutterstock.com
8th place: Etsy
Etsy continues to rank 8th in Elliott Investment Management’s portfolio. There were no changes here in the first quarter: the stock remains at 5,000,000 shares. At the end of the quarter (March 31, 2026), this corresponded to a market value of $249.90 million and a portfolio weighting of 1.24 percent.
Source: sec.gov, Image: Sergei Elagin / Shutterstock.com
7th place: Pinterest
In the first quarter of 2026, Pinterest recorded a placement loss of two positions, although participation in the Singer portfolio remained virtually unchanged. The holdings continue to amount to 28,000,000 shares of the Internet company. At the end of the quarter, this corresponded to a market value of 513.52 million US dollars and a portfolio weighting of 2.55 percent.
Source: sec.gov, Image: Ink Drop / Shutterstock.com
6th place: Uniti Group
The Uniti Group, on the other hand, moved up one place. And all without any help: Singer left its stake in the telecommunications infrastructure specialist completely untouched in the first quarter of 2026. The 59,012,219 shares held unchanged were worth $553.53 million at the end of the quarter, which corresponds to a portfolio share of 2.75 percent.
Source: sec.gov, symbolic image: Konstantin Chagin / Shutterstock.com
5th place: Hewlett Packard Enterprise
The investment in Hewlett Packard Enterprise recorded an improvement from sixth to fifth place. After an increase of 8,790,757 shares, Elliott Investment Management now holds a total of 27,421,735 shares of the US technology company. The market value of this position was $652.91 million at the end of the quarter, representing a portfolio weight of 3.25 percent.
Source: sec.gov, Image: JHVEPhoto / Shutterstock.com
4th place: Southwest Airlines
Despite a strong partial sale, Southwest Airlines remains the undisputed number 4 in the depot. The investor sold 20,782,500 shares in the quarter under review. The airline’s remaining 30,346,000 securities were worth an impressive $1.14 billion as of the reporting date and continue to make up a significant portfolio share of 5.67 percent.
Source: sec.gov, Image: Southwest
3rd place: Suncor Energy
There was no movement in third place among the top investments: the investment in Suncor Energy remained untouched in the reporting period. The holding portfolio therefore still amounts to 52,670,800 shares. At the end of the quarter, this corresponded to a market value of 3.48 billion US dollars, which corresponds to a portfolio weighting of 17.31 percent.
Source: sec.gov, Image: sockagphoto / Shutterstock.com
2nd place: Phillips 66
As in the previous quarter, Phillips 66 secured the silver medal in the Singer ranking. There was no movement at this energy giant either: the position of 19,251,000 shares was left completely untouched in the final quarter of the year. The package has an impressive market value of 3.51 billion US dollars and therefore represents 17.44 percent of the entire portfolio.
Source: sec.gov, Image: Phillips 66
1st place: Triple Flag Precious Metals
Triple Flag Precious Metals defends top position in Elliott portfolio in the first quarter of 2026. After selling 567,512 securities, 133,248,215 shares remain in the portfolio. As of the reporting date, these have a market value of $4.63 billion, which corresponds to a dominant portfolio weighting of 22.99 percent.
Source: sec.gov, Image: T. Schneider / Shutterstock.com
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Image sources: Thos Robinson/Getty Images for New York Times, CC BY-NC-SA 2.0/World Economic Forum