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 15 option positions in the 2025Q3 13F filing — 2 long-calls and 13 long-puts — totaling $9.02B of underlying-share notional value. The largest exposures are a put on QQQ, a put on XLP, a put on XLI. Notional values reflect the value of the underlying shares at the quarter-end snapshot, not the option premium paid.
Options & derivatives
15 positions · $9.02B notional2 CALL · $865.5M13 PUT · $8.15B| Type | Underlying | Shares | Notional | % of book |
|---|---|---|---|---|
| PUT | QQQINVESCO QQQ TR | 2.0M | $1.20B | 5.3% |
| PUT | XLPSELECT SECTOR SPDR TR | 15M | $1.18B | 5.2% |
| PUT | XLISELECT SECTOR SPDR TR | 7.5M | $1.16B | 5.1% |
| PUT | IWDISHARES TR | 5.0M | $1.02B | 4.5% |
| PUT | GDXVANECK ETF TRUST | 12M | $878.6M | 3.9% |
| PUT | NVDANVIDIA CORPORATION | 4.3M | $807.9M | 3.6% |
| CALL | QQQINVESCO QQQ TR | 1.3M | $750.5M | 3.3% |
| PUT | XLESELECT SECTOR SPDR TR | 8.0M | $714.7M | 3.1% |
| PUT | XOPSPDR SER TR | 2.4M | $317.3M | 1.4% |
| PUT | XLVSELECT SECTOR SPDR TR | 2.0M | $278.3M | 1.2% |
| PUT | IGVISHARES TR | 2.0M | $230.0M | 1.0% |
| PUT | DLRDIGITAL RLTY TR INC | 1.0M | $172.9M | 0.8% |
| PUT | XMESPDR SER TR | 1.4M | $130.5M | 0.6% |
| CALL | IGVISHARES TR | 1.0M | $115.0M | 0.5% |
| PUT | WPMWHEATON PRECIOUS METALS CORP | 650K | $72.7M | 0.3% |
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.