Paul Singer
Paul Singer runs Elliott Mgmt, an activist overseeing $22.59B in disclosed equity holdings (SEC CIK 0001791786). The latest 13F filing (2025Q4) discloses 21 positions across 9 sectors, with the largest positions in TFPM, PSX and SU. On a mark-to-market basis the tracked portfolio has returned 38.3% over the past year. OpenStocks tracks 23 consecutive 13F filings for this manager — every position change, new entry, and exit is logged below.
What Paul is holding in options
Paul Singer (Elliott Mgmt) disclosed 19 option positions in the 2023Q4 13F filing — 2 long-calls and 17 long-puts — totaling $9.62B of underlying-share notional value. The largest exposures are a put on QQQ, a put on XLE, a call on QQQ. Notional values reflect the value of the underlying shares at the quarter-end snapshot, not the option premium paid.
Options & derivatives
19 positions · $9.62B notional2 CALL · $1.24B17 PUT · $8.38B| Type | Underlying | Shares | Notional | % of book |
|---|---|---|---|---|
| PUT | QQQINVESCO QQQ TR | 7.7M | $3.16B | 16.9% |
| PUT | XLESELECT SECTOR SPDR TR | 18M | $1.47B | 7.8% |
| CALL | QQQINVESCO QQQ TR | 3.0M | $1.23B | 6.6% |
| PUT | IBBISHARES TR | 6.2M | $848.7M | 4.5% |
| PUT | OIHVANECK ETF TRUST | 1.9M | $588.1M | 3.1% |
| PUT | IWMISHARES TR | 1.9M | $391.4M | 2.1% |
| PUT | XRTSPDR SER TR | 5.0M | $361.6M | 1.9% |
| PUT | XMESPDR SER TR | 5.0M | $299.1M | 1.6% |
| PUT | XLFSELECT SECTOR SPDR TR | 7.5M | $282.0M | 1.5% |
| PUT | XLVSELECT SECTOR SPDR TR | 2.1M | $280.3M | 1.5% |
| PUT | VNQVANGUARD INDEX FDS | 2.1M | $190.0M | 1.0% |
| PUT | DIASPDR DOW JONES INDL AVERAGE | 450K | $169.6M | 0.9% |
| PUT | MARMARRIOTT INTL INC NEW | 750K | $169.1M | 0.9% |
| PUT | DLRDIGITAL RLTY TR INC | 500K | $67.3M | 0.4% |
| PUT | SNAPSNAP INC | 2.0M | $33.9M | 0.2% |
| PUT | XBISPDR SER TR | 300K | $26.8M | 0.1% |
| PUT | EQIXEQUINIX INC | 28K | $22.6M | 0.1% |
| PUT | JETSETF SER SOLUTIONS | 1.0M | $19.0M | 0.1% |
| CALL | MTCHMATCH GROUP INC NEW | 229K | $8.4M | 0.0% |
Notional = value of the underlying shares at the quarter-end snapshot, not the option premium paid. A long PUT is a bearish bet on the underlying; a long CALL is a bullish bet. The reported value is included in the portfolio total but does not reflect actual capital at risk.