Investor: Paul Singer & Jonathan Pollock
Number of Assets: 41
Reporting Period: Q1 - 2025
Holdings at Report: $15,057,355,415
Return Since Report: +$6,934,627,920
Return Since Report: +46.05%
Company | Position | Activity | Shares | Port. % | Rep. Price | Curr. Price | Rep. Value | Curr. Value | Return Value | Return % |
|---|---|---|---|---|---|---|---|---|---|---|
| Arm Holdings PLC (ARM) | Equity | -6.97% | 139,551 | 0.14% | $106.79 | $439.46 | $14,902,651 | $61,327,082 | +$46,424,431 | +311.52% |
| Biomarin Pharmaceutical Inc. (BMRN) | Equity | 0% | 3,500,338 | 2.27% | $70.69 | $54.69 | $247,438,893 | $191,433,485 | -$56,005,408 | -22.63% |
| Blackline Inc. | Bond | +100% | 4,500,000 | N/A | $0.96 | N/A | $4,313,655 | N/A | N/A | N/A |
| Booking Holdings Inc. | Bond | +100% | 25,000,000 | N/A | $2.46 | N/A | $61,447,000 | N/A | N/A | N/A |
| Cisco Systems Inc. (CSCO) | Put | +100% | 2,000,000 | N/A | $61.71 | N/A | $123,420,000 | N/A | N/A | N/A |
| Cormedix Inc. (CRMD) | Equity | -14.84% | 2,444,561 | 0.14% | $6.16 | N/A | $15,058,496 | N/A | N/A | N/A |
| Crown Castle Inc. (CCI) | Equity | 0% | 1,225,000 | 1.17% | $104.23 | $82.05 | $127,681,750 | $100,511,250 | -$27,170,500 | -21.28% |
| E2open Parent Holdings Inc. (ETWO) | Equity | 0% | 27,250,000 | 0.50% | $2.00 | $3.30 | $54,500,000 | $89,925,000 | +$35,425,000 | +65.00% |
| Equinix Inc. (EQIX) | Equity | +100% | 150,000 | 1.12% | $815.35 | $1,092.19 | $122,302,500 | $163,828,500 | +$41,526,000 | +33.95% |
| Etsy Inc. (ETSY) | Equity | 0% | 5,000,000 | 2.16% | $47.18 | $73.95 | $235,900,000 | $369,750,000 | +$133,850,000 | +56.74% |
| HDFC Bank Limited (HDB) | Equity | 0% | 670,215 | 0.41% | $66.44 | $25.06 | $44,529,085 | $16,795,588 | -$27,733,497 | -62.28% |
| Hilton Worldwide Holdings Inc. (HLT) | Put | +100% | 200,000 | N/A | $227.55 | N/A | $45,510,000 | N/A | N/A | N/A |
| Howmet Aerospace Inc. (HWM) | Equity | 0% | 100,000 | 0.12% | $129.73 | $277.66 | $12,973,000 | $27,766,000 | +$14,793,000 | +114.03% |
| Invesco QQQ Trust (QQQ) | Put | +100% | 1,612,500 | N/A | $468.92 | N/A | $756,133,500 | N/A | N/A | N/A |
| Ishares Russell 1000 Value ETF (IWD) | Put | +100% | 5,500,000 | N/A | $188.16 | N/A | $1,034,880,000 | N/A | N/A | N/A |
| Ishares Russell 2000 ETF (IWM) | Put | +100% | 500,000 | N/A | $1.99 | N/A | $997,450 | N/A | N/A | N/A |
| Liberty Broadband Corp. (LBRDK) | Equity | 0% | 2,384,481 | 1.86% | $85.05 | $29.62 | $202,800,109 | $70,628,327 | -$132,171,782 | -65.17% |
| Marriott International Inc. (MAR) | Put | +100% | 200,000 | N/A | $238.20 | N/A | $47,640,000 | N/A | N/A | N/A |
| Match Group Inc. (MTCH) | Equity | -50.23% | 6,000,000 | 1.71% | $31.20 | $32.23 | $187,200,000 | $193,380,000 | +$6,180,000 | +3.30% |
| Microstrategy INC | Bond | +100% | 16,000,000 | N/A | $2.05 | N/A | $32,750,400 | N/A | N/A | N/A |
| Osisko Gold Royalties Ltd (OR) | Equity | +100% | 2,180,151 | 0.42% | $21.12 | N/A | $46,044,789 | N/A | N/A | N/A |
| Phillips 66 (PSX) | Equity | +1929.03% | 15,725,000 | 17.78% | $123.48 | $166.14 | $1,941,723,000 | $2,612,551,500 | +$670,828,500 | +34.55% |
| Pinterest Inc. (PINS) | Equity | 0% | 28,000,000 | 7.95% | $31.00 | $20.27 | $868,000,000 | $567,560,000 | -$300,440,000 | -34.61% |
| Rapid7 Inc. | Bond | +100% | 41,500,000 | N/A | $0.92 | N/A | $38,086,625 | N/A | N/A | N/A |
| Sandisk Corp (SNDK) | Equity | +100% | 749,997 | 0.33% | $47.61 | $2,184.75 | $35,707,357 | $1,638,555,946 | +$1,602,848,589 | +4488.85% |
| Seadrill Limited (SDRL) | Equity | 0% | 3,703,746 | 0.85% | $25.00 | $38.54 | $92,593,650 | $142,742,371 | +$50,148,721 | +54.16% |
| The Industrial Select Sector SPDR Fund (XLI) | Put | +100% | 12,500,000 | N/A | $131.07 | N/A | $1,638,375,000 | N/A | N/A | N/A |
| Sensata Technologies Holding PLC (ST) | Equity | 0% | 3,250,000 | 0.72% | $24.27 | $50.63 | $78,877,500 | $164,547,500 | +$85,670,000 | +108.61% |
| Southwest Airlines Co. (LUV) | Equity | -9.53% | 53,978,500 | 16.60% | $33.58 | $47.97 | $1,812,598,030 | $2,589,348,645 | +$776,750,615 | +42.85% |
| SPDR S&P Metals and Mining ETF (XME) | Put | +100% | 1,350,000 | N/A | $55.99 | N/A | $75,586,500 | N/A | N/A | N/A |
| SPDR S&P Oil & Gas Exploration & Production ETF (XOP) | Put | +100% | 557,200 | N/A | $131.71 | N/A | $73,388,812 | N/A | N/A | N/A |
| Suncor Energy Inc. (SU) | Equity | 0% | 52,670,800 | 18.67% | $38.72 | $55.33 | $2,039,413,376 | $2,914,275,364 | +$874,861,988 | +42.90% |
| Texas Instruments Incorporated (TXN) | Call | +100% | 500,000 | N/A | $179.70 | N/A | $89,850,000 | N/A | N/A | N/A |
| Transocean Ltd. (RIG) | Equity | 0% | 11,870,319 | 0.34% | $3.17 | $5.31 | $37,628,911 | $63,031,394 | +$25,402,483 | +67.51% |
| Triple Flag Precious Metals Corp. (TFPM) | Equity | 0% | 133,815,727 | 23.46% | $19.15 | $30.05 | $2,562,571,172 | $4,021,162,596 | +$1,458,591,424 | +56.92% |
| Uniti Group Inc. (UNIT) | Equity | 0% | 10,120,963 | 0.47% | $5.04 | $11.64 | $51,009,654 | $117,808,009 | +$66,798,355 | +130.95% |
| Vaneck Gold Miners ETF (GDX) | Put | +100% | 2,000,000 | N/A | $45.97 | N/A | $91,940,000 | N/A | N/A | N/A |
| Wayfair Inc. | Bond | +100% | 15,000,000 | N/A | $1.07 | N/A | $16,013,850 | N/A | N/A | N/A |
| Western Digital Corp. (WDC) | Equity | 0% | 2,250,000 | 0.83% | $40.43 | $746.23 | $90,967,500 | $1,679,017,500 | +$1,588,050,000 | +1745.73% |
| Wolfspeed Inc. | Bond | +100% | 7,500,000 | N/A | $0.24 | N/A | $1,819,950 | N/A | N/A | N/A |
| Wolfspeed Inc. | Bond | +100% | 12,500,000 | N/A | $0.22 | N/A | $2,781,250 | N/A | N/A | N/A |