Hedge Fund - Elliott Management

Elliott Investment Management L.P. is a prominent American investment management firm, renowned as one of the largest activist funds globally. It serves as the management affiliate for the hedge funds Elliott Associates L.P. and Elliott International Limited. Elliott Associates employs an activist investment strategy, acquiring significant, though minority, stakes in underperforming or distressed companies. The fund actively seeks to influence company management to maximize shareholder value. Elliott Associates focuses on corporate, real estate, and sovereign debt, with a geographic concentration in North America, Asia, and Europe. The firm frequently purchases debt and subsequently sells it at a profit.

Elliott Associates, founded by Paul Singer in 1977, is one of the oldest hedge funds under continuous management. Along with Elliott International, it forms the Elliott Management Corporation. Launched in 1994, Elliott International Limited has consistently outperformed the S&P 500 index by approximately 5 percentage points annually since its inception, a track record mirrored by Elliott Associates. Before establishing his fund, Paul Singer earned a BS in psychology from the University of Rochester and a JD from Harvard Law School. He then spent four years working in corporate law firms and the investment bank Donaldson, Lufkin & Jenrette before founding Elliott Associates.

Elliott Investment Management is a hedge fund managing discretionary assets worth $73,511,332,303, as reported in their Form ADV dated November 13, 2020. As of their latest 13F filing for Q1 2024, the fund managed $16,121,624,500 in 13F securities, with a top 10 holdings concentration of 71.97%. Their largest holding is Suncor Energy, Inc., with 52,670,800 shares.