Elliott adds Southwest, exits Peabody in Q2

Paul Singer’s Elliott Investment Management disclosed in an SEC filing its holdings as of June 30, 2024. The fund’s three new buys during the second quarter included, by size of position, Southwest Air (LUV), Sensata (ST), and ARM Holdings (ARM). Elliott exited a number of positions during the quarter, including by size of previous position Constellation Brands (STZ), Endeavor (EDR), Peabody Energy (BTU), iShares Bitcoin Trust ETF (IBIT), and Nvidia (NVDA). The fund increased its stake in several holdings, including by size of previous position Match Group (MTCH), Etsy (ETSY), Liberty Broadband Class C (LBRDK), HDFC Bank (HDB), and Transocean (RIG). Elliott decreased its stake in one position, namely Seadrill (SDRL). The fund’s top holdings as of June 30, in order of size, were Triple Flag (TFPM), Suncor (SU), Marathon Petroleum (MPC), Pinterest (PINS), and NRG Energy (NRG).