13F filing recap · Q1 2025

What did Elliott Investment Management buy in Q1 2025?

Reported stock-position changes between this filing and the previous one.

Stock value

$10.92B

Positions

Estimated turnover

28.7%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

Quarter in review

Elliott Investment Management opened new positions in Equinix, Osisko Gold Royalties, and Sandisk, while exiting Bausch Health Companies and NRG Energy. The firm sharply increased its Phillips 66 stake and substantially trimmed Match Group. It also modestly reduced Southwest Airlines, Cormedix, and Arm Holdings.

New positions

EQIXEquinix Inc$122.30Mreported value+150.0K shares OREUROsisko Gold Royalties Ltd$46.04Mreported value+2.18M shares SNDKSandisk Corp$35.71Mreported value+750.0K shares

Increased positions

PSXPhillips 66$1.94Breported value+14.95M shares+1929.0%

Reduced positions

LUVSouthwest Airlines Co.$1.81Breported value-5.69M shares-9.5%MTCHMatch Group, Inc.$187.20Mreported value-6.05M shares-50.2%CRMDCormedix Inc.$15.06Mreported value-426.1K shares-14.8%ARMARM HOLDINGS PLC /UK$14.90Mreported value-10.4K shares

Exited positions

NRGNrg Energy, Inc$433.06Mprior reported value-4.80M shares-100.0%BHCBausch Health Companies Inc.$92.7Kprior reported value-11.5K shares-100.0%