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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 $20,114,693,048 across 33 holdings for the quarter ended 2026-03-31, in a 13F-HR filed 2026-05-15. Its ten largest share positions make up 95.3% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001013594-26-000613

Period
2026-03-31
Reported value
$20.1B
Holdings
33
Top 10 weight
95.3%
New
9
Sold out
10

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

How groups are built

Largest buys vs the previous quarter

SecurityShares changeApprox. value
NCLHnew+13,186,000$247M
HPEadded+8,790,757$209M
RIGnew+15,626,834$104M
HDBadded+580,329$14.4M
SDRLadded+160,327$7.29M

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
LUVreduced-20,782,500-$781M
HYGexited-3,800,000-$306M
BILLexited-3,000,000-$164M
STexited-3,250,000-$108M
TFPMreduced-567,512-$19.7M

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.

Holdings, Q1 2026

Share positions as resolved from 13F-HR 0001013594-26-000613, largest first. % of portfolio is the value over $15,934,215,348, 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; 2024Q2: restricted; 2024Q3: 133,815,727 shares; 2024Q4: 133,815,727 shares; 2025Q1: 133,815,727 shares; 2025Q2: 133,815,727 shares; 2025Q3: 133,815,727 shares; 2025Q4: 133,815,727 shares; 2026Q1: 133,248,215 shares 133,248,215$4.63B29.03%-567,512Timeline
PSXPHILLIPS 66Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 775,000 shares; 2024Q4: 775,000 shares; 2025Q1: 15,725,000 shares; 2025Q2: 19,251,000 shares; 2025Q3: 19,251,000 shares; 2025Q4: 19,251,000 shares; 2026Q1: 19,251,000 shares 19,251,000$3.51B22.01%0Timeline
SUSUNCOR ENERGY INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 52,670,800 shares; 2024Q4: 52,670,800 shares; 2025Q1: 52,670,800 shares; 2025Q2: 52,670,800 shares; 2025Q3: 52,670,800 shares; 2025Q4: 52,670,800 shares; 2026Q1: 52,670,800 shares 52,670,800$3.48B21.85%0Timeline
LUVSOUTHWEST AIRLS COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 61,116,500 shares; 2024Q4: 59,666,500 shares; 2025Q1: 53,978,500 shares; 2025Q2: 53,978,500 shares; 2025Q3: 51,128,500 shares; 2025Q4: 51,128,500 shares; 2026Q1: 30,346,000 shares 30,346,000$1.14B7.16%-20,782,500Timeline
HPEHEWLETT PACKARD ENTERPRISE CQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 18,630,978 shares; 2025Q3: 18,630,978 shares; 2025Q4: 18,630,978 shares; 2026Q1: 27,421,735 shares 27,421,735$653M4.1%+8,790,757Timeline
UNITUNITI GROUP LLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 59,012,219 shares; 2025Q4: 59,012,219 shares; 2026Q1: 59,012,219 shares 59,012,219$554M3.47%0Timeline
PINSPINTEREST INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 28,000,000 shares; 2024Q4: 28,000,000 shares; 2025Q1: 28,000,000 shares; 2025Q2: 28,000,000 shares; 2025Q3: 28,000,000 shares; 2025Q4: 28,000,000 shares; 2026Q1: 28,000,000 shares 28,000,000$514M3.22%0Timeline
ETSYETSY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 5,000,000 shares; 2024Q4: 5,000,000 shares; 2025Q1: 5,000,000 shares; 2025Q2: 5,000,000 shares; 2025Q3: 5,000,000 shares; 2025Q4: 5,000,000 shares; 2026Q1: 5,000,000 shares 5,000,000$250M1.57%0Timeline
NCLHNORWEGIAN CRUISE LINE HLDGSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 13,186,000 shares 13,186,000$247M1.55%newTimeline
SDRLSEADRILL LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 3,703,746 shares; 2024Q4: 3,703,746 shares; 2025Q1: 3,703,746 shares; 2025Q2: 3,703,746 shares; 2025Q3: 3,703,746 shares; 2025Q4: 4,558,758 shares; 2026Q1: 4,719,085 shares 4,719,085$215M1.35%+160,3272026-10-08, 13D/A: 3,108,641 shares, 4.9% of the class, 13D/A filed 2026-10-08 Timeline
PEPPEPSICO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,275,000 shares; 2025Q4: 1,275,000 shares; 2026Q1: 1,275,000 shares 1,275,000$198M1.24%0Timeline
EQIXEQUINIX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 150,000 shares; 2025Q2: 150,000 shares; 2025Q3: 150,000 shares; 2025Q4: 150,000 shares; 2026Q1: 150,000 shares 150,000$147M0.92%0Timeline
OROR ROYALTIES INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 2,180,151 shares; 2025Q3: 2,180,151 shares; 2025Q4: 3,111,000 shares; 2026Q1: 3,111,000 shares 3,111,000$118M0.74%0Timeline
RIGTRANSOCEAN LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 11,870,319 shares; 2024Q4: 11,870,319 shares; 2025Q1: 11,870,319 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: not reported; 2026Q1: 15,626,834 shares 15,626,834$104M0.65%newTimeline
CCICROWN CASTLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 1,225,000 shares; 2024Q4: 1,225,000 shares; 2025Q1: 1,225,000 shares; 2025Q2: 1,225,000 shares; 2025Q3: 1,225,000 shares; 2025Q4: 1,225,000 shares; 2026Q1: 1,225,000 shares 1,225,000$99.6M0.63%0Timeline
GLIBKLIBERTY CAP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 476,895 shares; 2025Q4: 659,928 shares; 2026Q1: 659,928 shares 659,928$24.6M0.15%0Timeline
HDBHDFC BANK LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q2: restricted; 2024Q3: 633,724 shares; 2024Q4: 670,215 shares; 2025Q1: 670,215 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 216,756 shares; 2026Q1: 797,085 shares 797,085$19.8M0.12%+580,329Timeline

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 INDLput7,500,000$1.21B0
XLPSELECT SECTOR SPDR TR STATE STREET CONput9,140,000$749M-10,860,000
XLYSELECT SECTOR SPDR TR SBI CONS DISCRput4,300,000$469Mnew
HYGISHARES TR IBOXX HI YD ETFput5,000,000$398Mnew
DLRDIGITAL RLTY TR INC REITput1,500,000$270M+500,000
QQQINVESCO QQQ TR COMput400,000$231M-1,100,000
IWDISHARES TR ETFput1,000,000$214M-1,800,000
GDXVANECK ETF TRUST GOLD MINERS ETFcall2,000,000$184Mnew
GDXVANECK ETF TRUST GOLD MINERS ETFput1,650,000$151M-12,350,000
IWMISHARES TR SHSput500,000$124Mnew
XMESPDR SERIES TRUST SHSput900,000$97.2M0
FTVFORTIVE CORP Stockput750,000$41.5Mnew
EMREMERSON ELEC CO Stockput200,000$26.2Mnew
WPMWHEATON PRECIOUS METALS CORP Stockcall100,000$13.1Mnew

Principal amounts

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

SecurityTypeAmountValueChange
WAYFAIR INCWAYFAIR INC Convertible bondprincipal15,000,000$26.2M0
STRATEGY INCSTRATEGY INC NOTE 0.625% 3/1principal10,000,000$11.5M-6,000,000

Sold out in Q1 2026

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

SecurityShares beforeValue beforeType
XLESELECT SECTOR SPDR TR16,000,000$715Mput
QQQINVESCO QQQ TR1,000,000$614Mcall
NVDANVIDIA CORPORATION3,000,000$560Mput
HYGISHARES TR3,800,000$306Mshares
XOPSPDR SERIES TRUST2,398,400$303Mput
BILLBILL HOLDINGS INC3,000,000$164Mshares
STSENSATA TECHNOLOGIES HLDG PL3,250,000$108Mshares
IGVISHARES TR1,000,000$106Mcall
IGVISHARES TR300,000$31.7Mput
FSKFS KKR CAP CORP264,850$3.92Mshares

How Q1 2026 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 0001013594-26-000613 base2026-05-15acceptance time not in the bulk data set