Paul Singer
Paul Singer runs Elliott Mgmt, an activist overseeing $14.59B in disclosed equity holdings (SEC CIK 0001791786). The latest portfolio (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 40.6% over the past year. OpenStocks tracks 23 consecutive quarterly snapshots for this manager — every position change, new entry, and exit is logged below.
What Paul is holding in options
Paul Singer (Elliott Mgmt) disclosed 14 option positions for the 2022Q4 quarter — 1 long-call and 13 long-puts — totaling $3.72B of underlying-share notional value. The largest exposures are a put on XLE, a put on OIH, 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
14 positions · $3.72B notional1 CALL · $41.7M13 PUT · $3.68B| Type | Underlying | Shares | Notional | % of book |
|---|---|---|---|---|
| PUT | XLESELECT SECTOR SPDR TR | 12M | $1.05B | 8.6% |
| PUT | OIHVANECK ETF TRUST | 2.4M | $718.3M | 5.9% |
| PUT | XLISELECT SECTOR SPDR TR | 6.0M | $589.3M | 4.8% |
| PUT | XLVSELECT SECTOR SPDR TR | 1.8M | $246.2M | 2.0% |
| PUT | XLPSELECT SECTOR SPDR TR | 3.0M | $223.7M | 1.8% |
| PUT | IBBISHARES TR | 1.4M | $190.4M | 1.6% |
| PUT | VNQVANGUARD INDEX FDS | 1.8M | $144.3M | 1.2% |
| PUT | MARMARRIOTT INTL INC NEW | 900K | $134.0M | 1.1% |
| PUT | XLFSELECT SECTOR SPDR TR | 3.5M | $119.7M | 1.0% |
| PUT | EQIXEQUINIX INC | 175K | $114.6M | 0.9% |
| PUT | MUMICRON TECHNOLOGY INC | 1.6M | $82.2M | 0.7% |
| PUT | HLTHILTON WORLDWIDE HLDGS INC | 400K | $50.5M | 0.4% |
| CALL | SMHVANECK ETF TRUST | 206K | $41.7M | 0.3% |
| PUT | FNVFRANCO NEV CORP | 47K | $8.7M | 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.