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Elliott Investment Management L.P.

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13F filer, CIK 1791786, WEST PALM BEACH, FL

Elliott Investment Management L.P. reported $15,156,102,965 across 41 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-15. Its ten largest share positions make up 92.29% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001013594-25-000678

Period
2025-03-31
Reported value
$15.2B
Holdings
41
Top 10 weight
92.29%
New
8
Sold out
12

Part of the filer group Elliott Investment Management L.P.

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
PSXadded+14,950,000$1.85B
EQIXnew+150,000$122M
OSISKO GOLD ROYALTIES LTDnew+2,180,151$46M
SNDKnew+749,997$35.7M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
NRGexited-4,800,000-$433M
LUVreduced-5,688,000-$191M
MTCHreduced-6,054,832-$189M
CRMDreduced-426,071-$2.62M
ARMreduced-10,449-$1.12M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0001013594-25-000678, largest first. % of portfolio is the value over $11,079,634,153, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
TFPMTRIPLE FLAG PRECIOUS METALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 133,815,727 shares; 2024Q4: 133,815,727 shares; 2025Q1: 133,815,727 shares 133,815,727$2.56B23.13%0Timeline
SUSUNCOR ENERGY INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 52,670,800 shares; 2024Q4: 52,670,800 shares; 2025Q1: 52,670,800 shares 52,670,800$2.04B18.41%0Timeline
PSXPHILLIPS 66Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 775,000 shares; 2024Q4: 775,000 shares; 2025Q1: 15,725,000 shares 15,725,000$1.94B17.53%+14,950,000Timeline
LUVSOUTHWEST AIRLS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 61,116,500 shares; 2024Q4: 59,666,500 shares; 2025Q1: 53,978,500 shares 53,978,500$1.81B16.36%-5,688,000Timeline
PINSPINTEREST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 28,000,000 shares; 2024Q4: 28,000,000 shares; 2025Q1: 28,000,000 shares 28,000,000$868M7.83%0Timeline
BMRNBIOMARIN PHARMACEUTICAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,500,338 shares; 2024Q4: 3,500,338 shares; 2025Q1: 3,500,338 shares 3,500,338$247M2.23%0Timeline
ETSYETSY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 5,000,000 shares; 2024Q4: 5,000,000 shares; 2025Q1: 5,000,000 shares 5,000,000$236M2.13%0Timeline
LBRDKLIBERTY BROADBAND CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,384,481 shares; 2024Q4: 2,384,481 shares; 2025Q1: 2,384,481 shares 2,384,481$203M1.83%0Timeline
MTCHMATCH GROUP INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,054,832 shares; 2024Q4: 12,054,832 shares; 2025Q1: 6,000,000 shares 6,000,000$187M1.69%-6,054,832Timeline
CCICROWN CASTLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,225,000 shares; 2024Q4: 1,225,000 shares; 2025Q1: 1,225,000 shares 1,225,000$128M1.15%0Timeline
EQIXEQUINIX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 150,000 shares 150,000$122M1.1%newTimeline
SDRLSEADRILL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,703,746 shares; 2024Q4: 3,703,746 shares; 2025Q1: 3,703,746 shares 3,703,746$92.6M0.84%02026-10-08, 13D/A: 3,108,641 shares, 4.9% of the class, 13D/A filed 2026-10-08 Timeline
WDCWESTERN DIGITAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,250,000 shares; 2024Q4: 2,250,000 shares; 2025Q1: 2,250,000 shares 2,250,000$91M0.82%0Timeline
STSENSATA TECHNOLOGIES HLDG PLQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,250,000 shares; 2024Q4: 3,250,000 shares; 2025Q1: 3,250,000 shares 3,250,000$78.9M0.71%0Timeline
E2OPEN PARENT HOLDINGS INCE2OPEN PARENT HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 27,250,000 shares; 2024Q4: 27,250,000 shares; 2025Q1: 27,250,000 shares 27,250,000$54.5M0.49%0
UNITI GROUP INCUNITI GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,120,963 shares; 2024Q4: 10,120,963 shares; 2025Q1: 10,120,963 shares 10,120,963$51M0.46%0
OSISKO GOLD ROYALTIES LTDOSISKO GOLD ROYALTIES LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 2,180,151 shares 2,180,151$46M0.42%new
HDBHDFC BANK LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 633,724 shares; 2024Q4: 670,215 shares; 2025Q1: 670,215 shares 670,215$44.5M0.4%0Timeline
RIGTRANSOCEAN LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,870,319 shares; 2024Q4: 11,870,319 shares; 2025Q1: 11,870,319 shares 11,870,319$37.6M0.34%0Timeline
SNDKSANDISK CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 749,997 shares 749,997$35.7M0.32%newTimeline
CRMDCORMEDIX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,550,523 shares; 2024Q4: 2,870,632 shares; 2025Q1: 2,444,561 shares 2,444,561$15.1M0.14%-426,071Timeline
ARMARM HOLDINGS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 150,000 shares; 2024Q4: 150,000 shares; 2025Q1: 139,551 shares 139,551$14.9M0.13%-10,449Timeline
HWMHOWMET AEROSPACE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 100,000 shares; 2024Q4: 100,000 shares; 2025Q1: 100,000 shares 100,000$13M0.12%0Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
XLISELECT SECTOR SPDR TR INDLput12,500,000$1.64B+9,500,000
IWDISHARES TR ETFput5,500,000$1.03Bnew
QQQINVESCO QQQ TR COMput1,612,500$756M-500,000
CSCOCISCO SYS INC COMput2,000,000$123Mnew
IWMISHARES TR SHSput500,000$99.7Mnew
GDXVANECK ETF TRUST GOLD MINERS ETFput2,000,000$91.9Mnew
TXNTEXAS INSTRS INC COMcall500,000$89.8M0
XMESPDR SERIES TRUST SHSput1,350,000$75.6M-1,350,000
XOPSPDR SERIES TRUST S&P OILGAS EXPput557,200$73.4M+163,000
MARMARRIOTT INTL INC NEW Stockput200,000$47.6M0
HLTHILTON WORLDWIDE HLDGS INC Stockput200,000$45.5M0

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
BOOKING HOLDINGS INCBOOKING HOLDINGS INC NOTE 0.750% 5/0principal25,000,000$61.4M0
RAPID7 INCRAPID7 INC NOTE 0.250% 3/1principal41,500,000$38.1M0
STRATEGY INCSTRATEGY INC NOTE 0.625% 3/1principal16,000,000$32.8Mnew
WAYFAIR INCWAYFAIR INC Convertible bondprincipal15,000,000$16M0
BLACKLINE INCBLACKLINE INC NOTE 3/1principal4,500,000$4.31M-7,500,000
WOLFSPEED INCWOLFSPEED INC NOTE 1.875%12/0principal12,500,000$2.78M0
WOLFSPEED INCWOLFSPEED INC NOTE 0.250% 2/1principal7,500,000$1.82M0

Sold out in Q1 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
SPYSTATE STR SPDR S&P 500 ETF T7,200,000$4.22Bput
XLESELECT SECTOR SPDR TR6,006,000$514Mput
NRGNRG ENERGY INC4,800,000$433Mshares
XLFSELECT SECTOR SPDR TR7,000,000$338Mput
OIHVANECK ETF TRUST975,000$264Mput
NVDANVIDIA CORPORATION1,450,000$195Mput
MICROSTRATEGY INCMICROSTRATEGY INC15,000,000$31Mprincipal
RINGCENTRAL INCRINGCENTRAL INC18,000,000$16.7Mprincipal
ON SEMICONDUCTOR CORPON SEMICONDUCTOR CORP10,000,000$12.9Mprincipal
CONFLUENT INCCONFLUENT INC12,500,000$11.3Mprincipal
ICLRICON PUB LTD CO16,400$3.44Mcall
BHCBAUSCH HEALTH COS INC11,500$92.7Kshares

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001013594-25-000678 base2025-05-15acceptance time not in the bulk data set