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 13 option positions in the 2025Q4 13F filing — 2 long-calls and 11 long-puts — totaling $8.01B of underlying-share notional value. The largest exposures are a put on XLP, a put on GDX, 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
13 positions · $8.01B notional2 CALL · $720.0M11 PUT · $7.29B| Type | Underlying | Shares | Notional | % of book |
|---|---|---|---|---|
| PUT | XLPSELECT SECTOR SPDR TR | 20M | $1.55B | 6.9% |
| PUT | GDXVANECK ETF TRUST | 14M | $1.20B | 5.3% |
| PUT | XLISELECT SECTOR SPDR TR | 7.5M | $1.16B | 5.1% |
| PUT | QQQINVESCO QQQ TR | 1.5M | $921.5M | 4.1% |
| PUT | XLESELECT SECTOR SPDR TR | 16M | $715.4M | 3.2% |
| CALL | QQQINVESCO QQQ TR | 1.0M | $614.3M | 2.7% |
| PUT | IWDISHARES TR | 2.8M | $589.0M | 2.6% |
| PUT | NVDANVIDIA CORPORATION | 3.0M | $559.5M | 2.5% |
| PUT | XOPSPDR SER TR | 2.4M | $302.8M | 1.3% |
| PUT | DLRDIGITAL RLTY TR INC | 1.0M | $154.7M | 0.7% |
| CALL | IGVISHARES TR | 1.0M | $105.7M | 0.5% |
| PUT | XMESPDR SER TR | 900K | $93.2M | 0.4% |
| PUT | IGVISHARES TR | 300K | $31.7M | 0.1% |
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.