Elliott Investment Management L.P. 13F: Quarter-over-Quarter Portfolio Changes
Elliott Investment Management L.P. reported a disclosed portfolio value of approximately $15.9 billion in its latest SEC Form 13F-HR filing for Q1 2026, up 9.2% quarter on quarter. Over the quarter, the fund initiated 2 new positions, bought more shares in 3 holdings, trimmed 3 holdings, and exited 4 positions.
Elliott Investment Management L.P.'s top buy was a new stake in Norwegian Cruise Line Hldgs (NCLH) , equal to 1.5% of the disclosed portfolio. Its top sell was Southwest Airls CO (LUV) . The fund sold 40.6% of its previously reported shares, reducing the position's portfolio weight by 7.3 percentage points.
New PositionsQ1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| NORWEGIAN CRUISE LINE HLDGS | NCLH | 1.5% | History → |
| TRANSOCEAN LTD | RIG | 0.7% | Holders → |
Top BuysQ1 2026
The fund's top buys among existing positions in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| HDFC BANK-ADR | HDB | +0.1% | +267.7% | Holders → |
| HEWLETT PACKARD ENTERPRISE C | HPE | +1.0% | +47.2% | History → |
| SEADRILL LTD | SDRL | +0.3% | +3.5% | History → |
Top SellsQ1 2026
The fund's top sells among positions it retained in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| SOUTHWEST AIRLS CO | LUV | -7.3% | 40.6% | History → |
| STRATEGY INC | MSTR 0.625 03/15/30 | -0.1% | 37.5% | — |
| TRIPLE FLAG PRECIOUS METAL | TFPM | -1.4% | 0.4% | History → |
Full ExitsQ1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| ISHARES TR | HYG | 2.1% |
| BILL HOLDINGS INC | BILL | 1.1% |
| SENSATA TECHNOLOGIES HLDG PL | ST | 0.7% |
| FS KKR CAP CORP | FSK | 0.0% |
Net Portfolio Value ChangeQ1 2026
- $14.6BPrior quarter
- $15.9BCurrent quarter
- +$1.3BNet delta
- +9.2%% change
Methodology & FAQ
How Elliott Investment Management L.P. Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Elliott Investment Management L.P.: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description — including how confidential treatment filings are handled — is documented in the Methodology.
What stocks did Elliott Investment Management L.P. buy in Q1 2026?
In Q1 2026, Elliott Investment Management L.P. initiated 2 new positions (NORWEGIAN CRUISE LINE HLDGS (NCLH), TRANSOCEAN LTD (RIG)); bought more shares of HDFC BANK-ADR (HDB), HEWLETT PACKARD ENTERPRISE C (HPE), SEADRILL LTD (SDRL).
What stocks did Elliott Investment Management L.P. sell in Q1 2026?
In Q1 2026, Elliott Investment Management L.P. fully sold 4 positions (ISHARES TR (HYG), BILL HOLDINGS INC (BILL), SENSATA TECHNOLOGIES HLDG PL (ST), FS KKR CAP CORP (FSK)); reduced holdings in SOUTHWEST AIRLS CO (LUV), STRATEGY INC (MSTR 0.625 03/15/30), TRIPLE FLAG PRECIOUS METAL (TFPM).
Which positions did Elliott Investment Management L.P. initiate in Q1 2026?
Elliott Investment Management L.P. established 2 new positions in Q1 2026: NORWEGIAN CRUISE LINE HLDGS (NCLH, 1.5%), TRANSOCEAN LTD (RIG, 0.7%).
Which existing positions saw the largest allocation increases for Elliott Investment Management L.P. in Q1 2026?
Of 3 existing positions with share-count increases in Q1 2026, the largest were: HDFC BANK-ADR (HDB, +0.1% weight, +267.7% shares), HEWLETT PACKARD ENTERPRISE C (HPE, +1.0% weight, +47.2% shares), SEADRILL LTD (SDRL, +0.3% weight, +3.5% shares).
Which positions did Elliott Investment Management L.P. fully exit in Q1 2026?
Elliott Investment Management L.P. fully exited 4 positions in Q1 2026: ISHARES TR (HYG, last-reported weight 2.1%), BILL HOLDINGS INC (BILL, last-reported weight 1.1%), SENSATA TECHNOLOGIES HLDG PL (ST, last-reported weight 0.7%), FS KKR CAP CORP (FSK, last-reported weight 0.0%).
Which existing positions saw the largest allocation reductions for Elliott Investment Management L.P. in Q1 2026?
Of 3 existing positions with share-count reductions in Q1 2026, the largest were: SOUTHWEST AIRLS CO (LUV, -7.3% weight, -40.6% shares), STRATEGY INC (MSTR 0.625 03/15/30, -0.1% weight, -37.5% shares), TRIPLE FLAG PRECIOUS METAL (TFPM, -1.4% weight, -0.4% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.