13F HOLDINGS REPORT
Elliott Investment Management L.P.
Quarter ended Q4 2025 · Filed February 18, 2026 · Accession 0001013594-26-000272
Total Value
$22.59B
Positions
34
Other Managers
2
Confidential Omitted
No
Holdings (34)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | TRIPLE FLAG PRECIOUS METAL | TFPM | 133,815,727 | $4.45B | 19.67% |
| 2 | PHILLIPS 66 | PSX | 19,251,000 | $2.48B | 10.99% |
| 3 | SUNCOR ENERGY INC NEW | SU | 52,670,800 | $2.34B | 10.34% |
| 4 | SOUTHWEST AIRLS CO | 844741108 | 51,128,500 | $2.11B | 9.35% |
| 5 | SELECT SECTOR SPDR TR | 81369Y308 | 20,000,000 | $1.55B | 6.88% |
| 6 | VANECK ETF TRUST | 92189F106 | 14,000,000 | $1.20B | 5.31% |
| 7 | SELECT SECTOR SPDR TR | 81369Y704 | 7,500,000 | $1.16B | 5.15% |
| 8 | INVESCO QQQ TR | IVZ | 1,500,000 | $921.5M | 4.08% |
| 9 | PINTEREST INC | PINS | 28,000,000 | $724.9M | 3.21% |
| 10 | SELECT SECTOR SPDR TR | 81369Y506 | 16,000,000 | $715.4M | 3.17% |
| 11 | INVESCO QQQ TR | IVZ | 1,000,000 | $614.3M | 2.72% |
| 12 | ISHARES TR | 464287598 | 2,800,000 | $589.0M | 2.61% |
| 13 | NVIDIA CORPORATION | NVDA | 3,000,000 | $559.5M | 2.48% |
| 14 | HEWLETT PACKARD ENTERPRISE C | HPE-PC | 18,630,978 | $447.5M | 1.98% |
| 15 | UNITI GROUP LLC | UNIT | 59,012,219 | $413.7M | 1.83% |
| 16 | ISHARES TR | 464288513 | 3,800,000 | $306.4M | 1.36% |
| 17 | SPDR SERIES TRUST | 78468R556 | 2,398,400 | $302.8M | 1.34% |
| 18 | ETSY INC | ETSY | 5,000,000 | $277.2M | 1.23% |
| 19 | PEPSICO INC | PEP | 1,275,000 | $183.0M | 0.81% |
| 20 | BILL HOLDINGS INC | BILL | 3,000,000 | $163.6M | 0.72% |
| 21 | SEADRILL LTD | SDRL | 4,558,758 | $157.7M | 0.70% |
| 22 | DIGITAL RLTY TR INC | 253868103 | 1,000,000 | $154.7M | 0.68% |
| 23 | EQUINIX INC | EQIX | 150,000 | $114.9M | 0.51% |
| 24 | OR ROYALTIES INC. | OR | 3,111,000 | $110.1M | 0.49% |
| 25 | CROWN CASTLE INC | CCI | 1,225,000 | $108.9M | 0.48% |
| 26 | SENSATA TECHNOLOGIES HLDG PL | ST | 3,250,000 | $108.2M | 0.48% |
| 27 | ISHARES TR | 464287515 | 1,000,000 | $105.7M | 0.47% |
| 28 | SPDR SERIES TRUST | 78464A755 | 900,000 | $93.2M | 0.41% |
| 29 | WAYFAIR INC | W | 15,000,000 | $34.3M | 0.15% |
| 30 | ISHARES TR | 464287515 | 300,000 | $31.7M | 0.14% |
| 31 | GCI LIBERTY INC | GLIBK | 659,928 | $24.6M | 0.11% |
| 32 | STRATEGY INC | STRK | 16,000,000 | $22.7M | 0.10% |
| 33 | HDFC BANK LTD | HDB | 216,756 | $7.9M | 0.04% |
| 34 | FS KKR CAP CORP | FSK | 264,850 | $3.9M | 0.02% |