Paul Singer's Elliott Management disclosed in an SEC filing last month its holdings as of September 30, 2021, shedding light on what the firm has been buying and selling recently as well as on its largest stock bets.
Top 5 Holdings:
Dell Technologies Class C (DELL)
Dell Technologies is a multinational technology company whose products include personal computers, servers, televisions, computer software, computer security and network security, as well as information security services.
Howmet Aerospace (HWM)
Howmet is an aerospace company that manufactures components for jet engines, fasteners and titanium structures for aerospace applications, and forged aluminum wheels for heavy trucks.
Evergy is an investor-owned utility, formed from a merger of Westar Energy of Topeka and Great Plains Energy of Kansas City Missouri, parent company of Kansas City Power & Light.
Marathon Petroleum (MPC)
Marathon Petroleum is a petroleum refining, marketing and transportation company. The company was a wholly owned subsidiary of Marathon Oil (MRO) until a corporate spinoff in 2011.
Twitter is a microblogging and social networking service on which users post and interact with messages known as "tweets."
The fund's six new buys during the third quarter included, by size of position, Santander Consumer (SC), Citrix Systems (CTXS), Healthcare Trust of America (HTA), Valaris (VAL), and APA Corp (APA). Elliott also exited six holdings during the quarter, including by size of previous position Endeavor (EDR), Snap (SNAP), Dropbox (DBX), Pinterest (PINS), and Trade Desk (TTD). Additionally, the fund reduced its stake in four holdings, including by size of previous position Arconic (ARNC), Frontier Communications Parent (FYBR), E2open Parent Holdings (ETWO), and Peabody Energy (BTU).
OTHER NOTABLE NEWS: According to its own SEC filing in November disclosing its holdings as of September 30, Lone Pine Capital boosted its Twitter stake, while reducing Meta Platforms (FB; MVRS) stake. Lone Pine's six new buys during the third quarter included, by size of position, Bilibili (BILI), VTEX (VTEX), NetEase (NTES), and Freshworks (FRSH). Lone Pine exited three positions during the quarter, Global Payments (GPN), Mastercard (MA), and SentinelOne (S). Lone Pine increased its stake in ten holdings, including by size of previous position, Twitter, Workday (WDAY), RH (RH), PVH Corp (PVH), and TransDigm (TDG). Lone Pine reduced its stake in 17 holdings, including by size of previous position, Meta Platforms, Amazon (AMZN), Shopify (SHOP), Marqeta (MQ), and Adobe (ADBE). Lone Pine's top holdings as of September 30, in order of size, were Shopify, Snap (SNAP), DoorDash (DASH), ServiceNow (NOW), and Microsoft (MSFT).