Elliott Management Corp has filed its 13f for the first three months of 2013. The company showed an increase to $3,259,501,418 from $4,786,409,478 in its 13F portfolio in the period. It was a reasonably active period for Paul Singer’s fund. The firm bought into 21 new positions and sold out of 13 in the opening three months of 2013. The full SEC filing can be found at this link.
Elliott Management’s Top Ten Holdings
The top ten holdings at Elliott Management make up more than 73 percent of the company’s entire 13f portfolio. Elliott has more than $21 billion in total assets under management, which means its long equity portfolio makes up just a small portion of its entire investments. Elliott is invested in many other asset classes, most notably bonds.
In the period, Elliott bought into Virgin Media Inc. (NASDAQ:VMED), a position that was worth $141,194,813 at the end of March and was made up of 2,883,292 shares. The equity formed the sixth largest long equity holdings the company had at the end of the third quarter.
Elliott Management Corp retained its five big holdings in Delphi Automotive PLC (NYSE:DLPH) with 21,901,983 shares worth $972,448,079 at the end of the period; Hess Corp. (NYSE:HES) with 15,000,000 shares valued at $1,074,150,009; BMC Software Inc. (NYSE:BMC) 13,697,300 shares valued at $634,595,934; News Corp (NASDAQ:NWS), 10,095,822 valued at $310,547,487; and Compuware Corporation (NASDAQ:CPWR), 18,630,000 shares valued at $232,688,696.
On those five bets, Elliott added to Hess Corp. (NYSE:HES), Compuware Corporation (NASDAQ:CPWR) and BMC Software Inc. (NYSE:BMC) while taking away from its Delphi Automotive PLC (NYSE:DLPH) holding and leaving News Corp (NASDAQ:NWS) unchanged.
Elliott Management sold out of its 15,123,553 share position in Brocade Communications Systems, Inc. (NASDAQ:BRCD), its 4,816,876 shares of Nexen Inc. (NYSE:NXY), its 3,700,000 share in Chimera Investment Corporation (NYSE:CIM) and its 306,280 share position in Ford Motor Company (NYSE:F).
Elliott Management opened new positions in JPMorgan Chase & Co. (NYSE:JPM), to the tune of 931,069 shares; purchased 100,000 shares in Microsoft Corporation (NASDAQ:MSFT); 516,923 shares in Dell Inc. (NASDAQ:DELL); and added 43,852 shares in ServiceNow Inc (NYSE:NOW).
Elliott also added 1,220,000 call options in Riverbed Technology, Inc. (NASDAQ:RVBD), 460,000 calls in Cabot Corp (NYSE:CBT), 1,300,000 call options in Ultra Petroleum Corp. (NYSE:UPL) and 700,000 call options in Verifone Systems (NYSE:PAY).
Elliott added put options in JPMorgan Chase & Co. (NYSE:JPM) 1,500,000 shares; ServiceNow Inc (NYSE:NOW), 150,000 shares; iShares Russell 2000 Index (NYSEARCA:IWM), 2,570,000; Micron Technology, Inc. (NASDAQ:MU), 100,000; and SPDR S&P Oil & Gas Explore & Prod. (ETF) (NYSEARCA:XOP), 2,000,000.
