Top 10 Stock Picks of Elliott Management

2. Triple Flag Precious Metals Corp. (NYSE:TFPM)

Elliott Management’s Stake Value: $1.93 Billion

Number of Hedge Fund Holders: 15

Triple Flag Precious Metals Corp. (NYSE:TFPM) is the top holding of Elliott Management in the basic materials sector, focused on acquiring and managing precious metals streams, royalties, and other mineral interests in Australia. Additionally, Elliott Management is the largest shareholder, owning 66% of the outstanding shares.

Triple Flag Precious Metals Corp. (NYSE:TFPM) has been on a roll in 2024, rallying about 17%. The rally came on the company delivering record-setting gold equivalent ounce sales of 28,000 ounces in the first quarter and an EBITDA of $48 million. In the second quarter, Triple Flag Precious Metals Corp. (NYSE:TFPM) delivered gold equivalent ounces of 16,124 and revenues of $37.7 million.

Insider Monkey’s database shows hedge funds’ interest in Triple Flag Precious Metals Corp. (NYSE:TFPM) increased in the first quarter of 2023. The number of hedge funds with stakes in the company increased from 11 in the fourth quarter of last year to 15.