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 13 option positions for the 2024Q4 quarter — 2 long-calls and 11 long-puts — totaling $7.41B of underlying-share notional value. The largest exposures are a put on SPY, a put on QQQ, a put on XLE. Notional values reflect the value of the underlying shares at the quarter-end snapshot, not the option premium paid.
Options & derivatives
13 positions · $7.41B notional2 CALL · $97.2M11 PUT · $7.32B| Type | Underlying | Shares | Notional | % of book |
|---|---|---|---|---|
| PUT | SPYSPDR S&P 500 ETF TR | 7.2M | $4.22B | 25.3% |
| PUT | QQQINVESCO QQQ TR | 2.1M | $1.08B | 6.5% |
| PUT | XLESELECT SECTOR SPDR TR | 6.0M | $514.5M | 3.1% |
| PUT | XLISELECT SECTOR SPDR TR | 3.0M | $395.3M | 2.4% |
| PUT | XLFSELECT SECTOR SPDR TR | 7.0M | $338.3M | 2.0% |
| PUT | OIHVANECK ETF TRUST | 975K | $264.4M | 1.6% |
| PUT | NVDANVIDIA CORPORATION | 1.4M | $194.7M | 1.2% |
| PUT | XMESPDR SER TR | 2.7M | $153.2M | 0.9% |
| CALL | TXNTEXAS INSTRS INC | 500K | $93.8M | 0.6% |
| PUT | MARMARRIOTT INTL INC NEW | 200K | $55.8M | 0.3% |
| PUT | XOPSPDR SER TR | 394K | $52.2M | 0.3% |
| PUT | HLTHILTON WORLDWIDE HLDGS INC | 200K | $49.4M | 0.3% |
| CALL | G4705A100ICON PLC | 16K | $3.4M | 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.