Because when it comes to activist investing, this maestro hits all the right notes.

🧠 Fred’s Take

Elliott Investment Management isn't just another hedge fund; it's the rockstar of activist investing. With a track record that spans decades and a knack for shaking up corporate boardrooms, Elliott doesn't just play the market—it conducts it.

Rating: 9.5 out of 10 (tied)

📜 Profile Snapshot

• Founder: Paul Elliott Singer

• Founded: 1977

• Assets Under Management (AUM): Approximately $72.7 billion (as of December 31, 2024)

• Headquarters: West Palm Beach, Florida

• Employees: 593, with nearly half in portfolio management, analysis, trading, and research

🎯 Strategic Focus

Elliott's investment strategies are as diverse as a symphony orchestra:

• Distressed & Non-Distressed Debt: From bankruptcies to complex credit instruments, Elliott finds harmony in financial dissonance.

• Equity-Oriented Strategies: Taking significant stakes to influence company direction—think of it as corporate choreography.

• Arbitrage Opportunities: Exploiting market inefficiencies across asset classes, like finding the perfect pitch in a sea of noise.

• Portfolio Volatility Protection: Utilizing instruments like credit, equity, volatility, interest rates, gold, and currency to hedge against market downturns.

🛡️ Risk Management

Risk management at Elliott isn't a solo act; it's the backbone of their performance:

• Due Diligence: Meticulous research ensures every note is played with precision.

• Active Engagement: Taking the lead in event-driven situations to orchestrate value creation.

• Liquidity Management: Maintaining flexibility to adapt to the ever-changing market tempo.

• Pursuing positions uncorrelated with others in the portfolio or with the general risks of equities to find harmony while enhancing protection against risk. 

👤 Founder: Paul Singer

Paul Singer is the Founder, President, Co-CEO, and Co-CIO of Elliott. A Harvard Law graduate, he's renowned for his activist investing style and has been instrumental in significant corporate restructurings. As of March 2024, Forbes estimated his net worth at $6.1 billion.

📊 Portfolio Highlights

As of the latest filings, Elliott's top holdings include:

1. Triple Flag Precious Metals Corp (TFPM): $2.78 billion

2. Suncor Energy Inc (SU): $1.86 billion

3. Southwest Airlines Co (LUV): $1.67 billion

4. Pinterest Inc (PINS): $709 million

5. NRG Energy Inc (NRG): $526 million

6. Match Group Inc (MTCH): $358 million

7. BioMarin Pharmaceutical Inc (BMRN): $223 million

8. Etsy Inc (ETSY): $217 million

9. Liberty Broadband Corp (LBRDK): $216 million

10. Crown Castle Inc (CCI): $130 million

These top ten positions showcase Elliott's diverse investment approach, spanning precious metals, energy, airlines, tech, and more.

The fund has a concentrated portfolio with >60% of total weight in 3 positions (TFPM, SU, and LUV).

Unlike most other hedge funds. It contains few blue chips or big-tech investments. Special situations and complex value creation opportunities lead.

👍 What We Like

• Consistent Leadership: One of the oldest hedge funds with the same management since inception.

• Activist Expertise: A maestro in influencing corporate strategies.

• Diverse Strategies: From distressed debt to tech investments, Elliott covers the spectrum.

• Robust Risk Management: Ensuring the music never stops, even in volatile markets.

👎 Considerations

• Limited Access: Currently closed to new investors, making it an exclusive concert.

📍 Contact Information

Address: 360 S. Rosemary Ave, West Palm Beach, Florida, 33401

Note: This blog post is part of our "Best Hedge Funds for Exceptional Investment Returns" series. Stay tuned for more insights into top-performing hedge funds.