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Elliott Management Corporation

Last Updated: 12/3/2020

Elliott Management Corporation is a Corporation that started in 1977 and is primarily owned and controlled by Paul Singer.

Per its brochure, Elliott employs a global, multi-strategy, hedged trading approach for the Funds that encompasses a broad range of strategies, including, without limitation, equity-oriented positions, private equity and private credit positions, distressed securities, non-distressed debt, hedge/arbitrage positions (including event arbitrage, related securities arbitrage, convertible arbitrage, volatility arbitrage and fixed income arbitrage), real estate-related securities positions, commodities trading, currency trading, basis trading and portfolio volatility protection positions. Elliott generally trades or invests in a wide variety of financial instruments, including, without limitation, stocks, bonds, swaps, options, futures, forwards, swaptions, private equity, and structured credit products, including mortgage-backed securities, asset-backed securities, collateralized debt obligations, and correlation products. Elliott’s trading mandates are extremely broad, and encompass virtually every type of asset, investment interest, security or property (real or personal) which can be traded or purchased.

Most notably, Elliot often takes longer term activist stakes in companies, often in technology, replacing senior executives and selling assets before an exit plan that often involved a sale to private equity. Companies like Novell, Compuware, Alco, Cabela's, BMC, Informatica, and Citrix are some of the names that Elliot had previously targeted.

Elliott Management Corporation operates out of an office in New York, NY. Based on the Form ADV filed on 2020-06-16 00:00:00, the investment firm is comprised of 475 employees, only 188 of whom performs investment advisory functions.

Fact Sheet

      Name: Elliott Management Corporation
      CRD No: 156601
      Filing Recorded: 2020-06-16 00:00:00
      Year of Origin: 1977
      Employees: 475
      Clients: 14
      AUM: 73,511,332,303
      Management Fee: 1.5 Percent
      Performance Fee: 20 Percent
      Client Type: Pooled Investment Vehicles
      Assets Traded: Unspecified


Investment Strategy

According to the brochure submitted to IAPD, Elliot Managements investment strategy is as follows:

The firm employs a multi-strategy trading approach that encompasses a broad range of strategies, including, without limitation: distressed securities, equity-oriented, hedge/arbitrage, commodities trading, other debt, portfolio volatility protection, private equity and private credit, and real-estate-related securities.

Methods of Analysis

In addition, Elliot Managements methods of analysis include:

The Funds pursue a program of trading in public and private securities having the following characteristics:

  1. Diversification of strategies
  2. An attempt to deploy capital to the extent feasible in strategies that are designed either to offset the risks of other strategies or to contain patterns of results which are not expected to correlate with other strategies undertaken by the Funds or with the financial markets
  3. A significant component of strategies involving hedging
  4. Diversification of positions
  5. An attempt to profit through frequent trading in short-term price movements
  6. A controlled degree of financial leverage to the extent that the Funds believe that such leverage fits within their overall goals
  7. An attempt to substitute effort or complexity in exchange for risk
  8. The identification and pursuit of situations in which value can be created by an activist approach or other debt or equity investments that involve or result in control positions in companies; and
  9. Situations and strategies which have an unusually high skewness of return.

Top 10 Holdings from Form 13F

Reporting Period: 09/30/2020

Issuer Share Value(1000s) Put/Call
0 0 0

Historical 13F Filings

EdgeGiant has compiled all 13F filings since Q2 2013 for your convenience. You can view historical portfolio position forElliott Management Corporationin our 13F section HERE.

To get the comprehensive list of holdings that fall under 13F regulatory guidelines, check out our write up on how to access and use 13Fs in your personal investment decisions.

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Historical Portfolio Holdings for Elliott Management Corporation