Paul Singer (Elliott Mgmt) disclosed 20 option positions for the 2023Q2 quarter — 3 long-calls and 17 long-puts — totaling $2.98B of underlying-share notional value. The largest exposures are a put on XLE, a put on QQQ, a put on OIH. Notional values reflect the value of the underlying shares at the quarter-end snapshot, not the option premium paid.
| Type | Underlying | Shares | Notional | % of book |
|---|---|---|---|---|
| PUT | XLESELECT SECTOR SPDR TR | 7.0M | $568.2M | 5.0% |
| PUT | QQQINVESCO QQQ TR | 1.0M | $369.4M | 3.3% |
| PUT | OIHVANECK ETF TRUST | 1.2M | $345.1M | 3.0% |
| PUT | XLISELECT SECTOR SPDR TR | 3.0M | $322.0M | 2.8% |
| PUT | XLFSELECT SECTOR SPDR TR | 8.5M | $286.5M | 2.5% |
| PUT | VNQVANGUARD INDEX FDS | 3.4M | $284.1M | 2.5% |
| PUT | XLVSELECT SECTOR SPDR TR | 1.5M | $199.1M | 1.8% |
| CALL | SUSUNCOR ENERGY INC NEW | 3.8M | $112.2M | 1.0% |
| PUT | ETENERGY TRANSFER L P | 7.5M | $95.3M | 0.8% |
| PUT | EQIXEQUINIX INC | 100K | $78.4M | 0.7% |
| CALL | QQQINVESCO QQQ TR | 200K | $73.9M | 0.7% |
| PUT | IBBISHARES TR | 458K | $58.1M | 0.5% |
| PUT | DLRDIGITAL RLTY TR INC | 500K | $56.9M | 0.5% |
| PUT | XBISPDR SER TR | 666K | $55.4M | 0.5% |
| PUT | MARMARRIOTT INTL INC NEW | 200K | $36.7M | 0.3% |
| PUT | SNAPSNAP INC | 1.0M | $11.8M | 0.1% |
| PUT | JETSETF SER SOLUTIONS | 500K | $10.7M | 0.1% |
| PUT | AVGOBROADCOM INC | 12K | $10.1M | 0.1% |
| CALL | RGLDROYAL GOLD INC | 50K | $5.7M | 0.1% |
| PUT | HHYATT HOTELS CORP | 35K | $4.0M | 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.
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.