管理人记录 · ✦ 精选 · 已归档季度

Elliott Investment Management

Paul Singer (Founder) · West Palm Beach, FL · CIK 1791786 · EDGAR 文件 ↗

Activist positions often paired with derivatives that 13Fs only partially reveal.

$22.59B13F报告持仓市值

34持仓明细

94.5%前十大权重

5.70有效持仓

1.8%预计换手率

+2新增

−1清仓

申报的13F投资组合价值仅涵盖美国应申报多头仓位，不含现金、债券、空头仓位或非美国持仓，不等同于管理规模。

各季度报告持仓市值 Q2 2024 → Q2 2026

板块敞口

能源 34.3% (-1.9pp)

基础材料 31.4% (+2.0pp)

工业 14.5% (+2.5pp)

通信服务 5.2% (-1.5pp)

科技 5.0% (-0.3pp)

房地产 4.4% (+0.0pp)

金融服务 2.2% (-0.1pp)

可选消费 1.9% (-0.5pp)

必选消费 1.3% (+0.0pp)

占已申报普通股权益价值的比例；（±pp）较上一季度。

持仓组合 · Q4 2025

#	证券	权重	价值	股份	Δ股份		持有
1	TFPM Triple Flag Precious Metals…	30.6%	$4.45B	133.82M	0.0%	Held	7
2	PSX Phillips 66	17.1%	$2.48B	19.25M	0.0%	Held	7
3	SU Suncor Energy Inc.	16.1%	$2.34B	52.67M	0.0%	Held	7
4	LUV Southwest Airlines Co.	14.5%	$2.11B	51.13M	0.0%	Held	7
5	PINS Pinterest, Inc.	5.0%	$724.92M	28.00M	0.0%	Held	7
6	HPE Hewlett Packard Enterprise…	3.1%	$447.52M	18.63M	0.0%	Held	3
7	UNIT Uniti Group Inc.	2.8%	$413.68M	59.01M	0.0%	Held	7
8	HYG iShares iBoxx $ High Yield…	2.1%	$306.39M	3.80M	0.0%	Held	3
9	ETSY Etsy, Inc.	1.9%	$277.20M	5.00M	0.0%	Held	7
10	PEP PepsiCo, Inc.	1.3%	$182.99M	1.27M	0.0%	Held	2
11	BILL Bill.com Holdings, Inc.	1.1%	$163.62M	3.00M	0.0%	Held	2
12	SDRL Seadrill Limited	1.1%	$157.73M	4.56M	+23.1%	▲ Add	7
13	EQIX Equinix, Inc.	0.8%	$114.92M	150.00K	0.0%	Held	4
14	OR OR Royalties Inc.	0.8%	$110.10M	3.11M	+42.7%	▲ Add	3
15	CCI Crown Castle Inc.	0.7%	$108.87M	1.23M	0.0%	Held	7
16	ST Sensata Technologies…	0.7%	$108.19M	3.25M	0.0%	Held	7
17	GLBKV GCI Liberty, Inc. Series C…	0.2%	$24.56M	659.93K	+38.4%	▲ Add	2
18	HDB HDFC Bank Limited	0.1%	$7.92M	216.76K	新增	New	1
19	FSK FS KKR CAP CORP	0.0%	$3.92M	264.85K	新增	New	1

仅含普通股（SH）持仓；期权行显示于"期权"标签页，且不作净额处理。✂ = 变动基于拆股调整后的前期持股数计算。"持有 N+ 季度"= 在我们的数据窗口内每季度均有持仓，实际持有时间可能更长。

证券	股份	上期	变动	价值	权重	连续记录
HDB HDFC Bank Limited	216.76K	n/a	新增	$7.92M	0.1%
FSK	264.85K	n/a	新增	$3.92M	0.0%

标的	类型	标的股份	报告持仓市值
XLP	Put	20.00M	$1.55B
GDX	Put	14.00M	$1.20B
XLI	Put	7.50M	$1.16B
QQQ	Put	1.50M	$921.47M
XLE	Put	16.00M	$715.36M
QQQ	Call	1.00M	$614.31M
IWD	Put	2.80M	$588.95M
NVDA	Put	3.00M	$559.50M
XOP	Put	2.40M	$302.82M
DLR	Put	1.00M	$154.71M
IGV	Call	1.00M	$105.69M
XME	Put	900.00K	$93.25M
IGV	Put	300.00K	$31.71M

13F仅报告期权名义价值（标的股票数量及市场价值），不披露行权价、到期日或期权方向（买入或卖出），因此无法推断持仓方向。方法论

持仓持有时长

20–1 季度

72–4 季度

105–8 季度

当前各持仓在我们数据窗口内已连续报告的季度数。

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