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Paul Singer's $2 Billion Energy Power Play: Phillips 66, Suncor Among Elliott's Top Holdings
Friday, May 16, 2025 - 2:03pm | 494Paul Singer isn't tiptoeing into the energy sector, he's charging in at full throttle. In the first quarter of 2025, Elliott Investment Management hiked its energy sector exposure from 23.84% to a commanding 37.64%, making it the firm's largest allocation. Phillips 66, Suncor: Singer’s...
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Elliott Management Reportedly Builds $2B Stake In Southwest Airlines, Plans To Push For Change
Sunday, June 9, 2024 - 10:15pm | 689Elliott Investment Management, an activist investor, has built a nearly $2 billion stake in Southwest Airlines Co (NYSE:LUV), and is set to advocate for changes to enhance the airline’s underperforming shares. What Happened: Elliott Investment Management, a hedge fund led by billionaire Paul...
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Trump's Niece Calls Out Justice Alito's 'Originalist' Rhetoric Over Alleged Ethics Violations: 'Pretends Not To Know...'
Wednesday, September 13, 2023 - 2:11am | 588Conservative Supreme Court Justice Samuel Alito on Friday rejected a call by Senate Democrats to recuse himself from a tax case that involved a lawyer who interviewed him on behalf of the Wall Street Journal, which provided a platform for the justice to defend himself. Former President Donald Trump...
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How A Legal Loophole Allowed Supreme Court Justice Samuel Alito To Rule In Trials That Favored His Wife's Investments, Made Billions For Friend Paul Singer
Tuesday, June 27, 2023 - 4:06pm | 739A new report is putting pressure on Supreme Court Justice Samuel Alito over several alleged conflicts of interest, including in a deal with Oklahoma gas company Citizen Energy III and Paul Singer's infamous trial against Argentina. Alito became enemy No. 1 of American progressives when he authored...
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This Hedge Fund Recently Sold AC Milan And Is Shorting These Two High-Yielding ETFs
Monday, October 10, 2022 - 12:43pm | 440Activist investor Paul Singer is the founder, president and co-CEO of Elliott Management, which was established in 1977. Singer’s total net worth is valued at $5.5 billion, making its biggest leap from 2020 to 2021, per Forbes. As of June 2022, Redbird Capital Partners entered into an...
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Weekend Stock Spotlight: Uber, Microsoft, Ford, Exxon Mobile And The Impact Of Paul Singer's Stake In Paypal
Saturday, September 24, 2022 - 5:08pm | 586Benzinga reviews this weekend's top stories covered by leading media outlets, here are the articles investors need to read. "Why Even Big Tech Companies Keep Getting Hacked—and What They Plan to Do About It," by The Wall Street Journal's Christopher Mims, looks at how...
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The Man Who Took Over AC Milan Owns These 2 Dividend Stocks
Tuesday, September 20, 2022 - 10:53am | 391Activist investor Paul Singer is the founder, president and co-CEO of Elliott Management, which was founded in 1977 with $1.3 million and is now controlling some $45 billion in assets under management. In July 2018, Singer took over beleaguered soccer club AC Milan, after Asian businessman Li...
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PayPal Stock Takes Off Following Report Of Elliott's Stake Build: What Investors Need to Know
Wednesday, July 27, 2022 - 5:34am | 385PayPal Holdings, Inc. (NASDAQ: PYPL), which has seen its fundamentals deteriorate, could be caught in the vortex of shareholder activism. What Happened: Paul Singer’s Elliott Management Corp. has taken a stake in PayPal, although the size of the stake and the intention are not apparent ...
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Activist Hedge Fund Elliott Looks To Raise $1B SPAC: WSJ
Monday, February 8, 2021 - 5:27am | 403Activist investor Elliott Management Corp is looking to jump aboard the blank check company bandwagon, the Wall Street Journal reported Sunday. What Happened: The Paul Singer-founded company has held discussions with bankers to raise a billion dollars for the special purpose acquisition company,...
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Activist Investor Elliott Exits AT&T, Buys Uniti, Boosts Dell
Tuesday, November 17, 2020 - 4:23am | 489Elliott Management exited AT&T Inc (NYSE: T) in the third quarter of 2020, according to its latest 13F filing. The Paul Singer-founded activist hedge fund sold 5 million AT&T shares in Q3, valued at $151.15 million as of the previous quarter's end. Other...
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Nielsen Holdings Rallies On Elliott Management Stake
Monday, August 13, 2018 - 10:25am | 347Nielsen Holdings PLC (NYSE: NLSN) shares were rallying Monday after The Wall Street Journal reported a notable activist investor firm accumulated a stake in the measurement and data analytics company. What Happened Paul Singer's firm Elliott Management acquired a stake in Nielsen,...
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Elliott Management Makes $160-Per-Share Takeover Offer For Athenahealth
Monday, May 7, 2018 - 10:13am | 400Activist investor Elliott Management confirmed Monday it is working to fully acquire athenahealth, Inc (NASDAQ: ATHN). What Happened CNBC's David Faber reported Monday morning that Paul Singer's Elliott Management, already an 8.9-percent owner of Athenahealth, is prepared to pay $155 to $...
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Elliott's Paul Singer Calls Cryptocurrencies A 'Brilliant Scam'
Tuesday, February 20, 2018 - 2:24pm | 579Billionaire investor Paul Singer thinks that "FOMO" has now trumped "WTHIT" — two acronyms he's used to describe the cryptocurrency market. What You Need To Know In a letter obtained by Business Insider, Singer, the founder of the $34-billion hedge fund Elliott...
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Sell In May And Go Away? Doing So With These Stocks Was A Mistake
Friday, September 1, 2017 - 12:09pm | 378Investors who took the advice of the popular slogan "sell in May and go away" may now be wishing they can go back in time and hold on to their positions, especially those that belonged to a small handful of names that soared 50 percent since May, Bloomberg reported. The hottest S&P 500 stock...
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'Downtown' Josh Brown: 15 Things That Might Happen If The Market Loses 20%
Wednesday, May 10, 2017 - 8:36am | 522"Downtown" Josh Brown, CEO of Ritholtz Wealth Management and CNBC contributor, penned a commentary on what investors can expect to happen to stocks if the market tumbles 20 percent. The last time the S&P 500 index tumbled 20 percent from peak-to-trough happened in October 2011. More...