13F filing recap · Q4 2025

What did Elliott Investment Management buy in Q4 2025?

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

Stock value

$14.53B

Positions

Estimated turnover

0.7%

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 HDFC Bank and FS KKR Capital, while exiting Oxford Lane Capital entirely. The firm also added to Seadrill, and substantially increased its stakes in Osisko Gold Royalties and Liberty Capital.

New positions

HDBHdfc Bank Limited$7.92Mreported value+216.8K shares FSKFs Kkr Capital Corp$3.92Mreported value+264.9K shares

Increased positions

SDRLSeadrill Ltd$157.73Mreported value+855.0K shares+23.1%OROsisko Gold Royalties Ltd$110.10Mreported value+930.8K shares+42.7%GLIBKLiberty Capital Corp/NV$24.56Mreported value+183.0K shares+38.4%

Exited positions

OXLCOxford Lane Capital Corp.$17.26Mprior reported value-1.02M shares-100.0%