13F filer · reported 2026-Q2 · filed 2026-08-14 · Δ vs 2026-Q1 · US-listed long positions only 13F portfolio $14.3B · Positions 17 · Top 10 95.6% · Effective N 6.0 Filer13F 2026-Q2 | CIK1791786 | Reported quarter2026-Q2 | | Prior quarter2026-Q1 | Filed2026-08-14 | | Reported value$14.3B | Positions17 | | Regulatory AUM (ADV)$128.6B | Employees (ADV)665 | | Head office (ADV)WEST PALM BEACH, FL, United States | Structure (ADV)Limited Partnership |
Authorized signatory: Paul Singer · President — the person who SIGNED this filer's latest 13F, frequently a compliance officer, general counsel or CFO, and not necessarily the portfolio manager. Owners & officers (ADV Schedule A): SINGER, GORDON, MATTHEW (PARTNER) · SINGER, PAUL, ELLIOTT (MANAGING MEMBER, PRESIDENT) · GREENBERG, ELLIOT (DIRECTOR, SHAREHOLDER) · STOTT, JAMES, WINSTON (DIRECTOR, SHAREHOLDER) · Culshaw, Hannah, Rebecca (DIRECTOR) · DAGATA, MANDA, JEAN (DIRECTOR) · DAVIES, ALUN, JOHN (DIRECTOR) · HOULBROOK, THOMAS, HUGH (DIRECTOR) · +40 more Reported 2026-Q2 · filed 2026-08-14 · ADV 2026-05-19ⓘ Implied return1.14y vs SPY | Cumulative+59.3% | CAGR+50.4% | | vs SPY+28.5pp | Vol (ann.)18.1% | | Sharpe2.36 | Max drawdown−7.8% | | Beta0.65 | Avg coverage100% | | Quarters replayed4 | |
2025-06-30 → 2026-08-21 · HYPOTHETICAL replication, not actual returnsⓘ Contribution10 of 26 names | Ticker | Avg wt | Return | Contrib. |
|---|
| PSX | 19.9% | +91.4% | +17.85pp | | SU | 16.8% | +77.1% | +10.19pp | | TFPM | 28.9% | +29.2% | +9.04pp | | HPE | 4.5% | +143.0% | +7.01pp | | LUV | 11.2% | +25.5% | +3.66pp | | PINS | 5.2% | −34.3% | −3.04pp | | UNIT | 3.0% | +57.5% | +1.80pp | | WDC · exited | 0.1% | +498.5% | +0.80pp | | ETSY | 2.1% | +29.3% | +0.67pp | | SDRL | 1.1% | +50.7% | +0.55pp |
Carino-linked; contributions sum to the book return — modeled, not actual results. 2025-08-24 → 2026-08-24 · book +48.5% · SPY +20.0% · largest absolute contributors first · HYPOTHETICALⓘ Top holdings12 of 17 · 97.8% of book | Holding | Weight | Value | Δ shares |
|---|
| TFPM | 27.9% | $4.0B | −0.0% | | PSX | 22.8% | $3.3B | +0.0% | | SU | 11.1% | $1.6B | −44.1% | | HPE | 10.2% | $1.5B | +17.7% | | LUV | 8.7% | $1.2B | −19.9% | | UNIT | 4.7% | $677M | +0.0% | | PINS | 4.1% | $589M | +0.0% | | ETSY | 2.6% | $377M | +0.0% | | NCLH | 2.2% | $310M | +11.4% | | PEP | 1.2% | $173M | +0.0% | | SDRL | 1.2% | $168M | −5.9% | | EQIX | 1.1% | $156M | +0.0% |
Weights as filed for 2026-Q2 · Δ vs 2026-Q1ⓘ Sector split10 sectors | Sector | N | Weight |
|---|
| Energy | 4 | 35.5% | | Financials | 2 | 28.1% | | Information Technology | 3 | 15.0% | | Industrials | 2 | 11.4% | | Communication Services | 1 | 4.7% | | Consumer Discretionary | 1 | 2.2% | | Consumer Staples | 1 | 1.2% | | Real Estate | 1 | 1.1% | | Materials | 1 | 0.7% | | Unclassified | 1 | 0.1% |
SIC-derived, not GICS · 100% of weight classifiedⓘ Sector history8 of 25 quarters | Sector | 2024-Q2 | 2024-Q3 | 2024-Q4 | 2025-Q1 | 2025-Q2 | 2025-Q3 | 2025-Q4 | 2026-Q1 |
|---|
| Energy | 36.5% | 21.5% | 23.8% | 37.6% | 36.1% | 36.2% | 34.3% | 46.0% | | Financials | 21.1% | 21.1% | 22.7% | 23.9% | 26.2% | 28.7% | 30.6% | 29.2% | | Industrials | 4.4% | 20.1% | 25.2% | 18.9% | 16.6% | 14.4% | 16.4% | 8.7% | | Information Technology | 18.2% | 15.9% | 16.0% | 11.7% | 13.7% | 11.9% | 9.9% | 7.3% | | Communication Services | 1.5% | 2.3% | 2.6% | 2.3% | 2.3% | 2.8% | 3.0% | 3.6% | | Real Estate | 1.2% | 1.4% | 1.2% | 2.3% | 2.0% | 1.7% | 1.5% | 1.6% | | Consumer Discretionary | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.6% | | Consumer Staples | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 1.3% | 1.3% | 1.2% | | Materials | 0.0% | 0.0% | 0.0% | 0.0% | 0.5% | 0.6% | 0.8% | 0.7% | | Utilities | 8.0% | 8.4% | 4.8% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | | Health Care | 4.9% | 4.6% | 2.8% | 2.4% | 0.0% | 0.0% | 0.0% | 0.0% | | Unclassified | 4.2% | 4.6% | 0.8% | 0.9% | 2.5% | 2.4% | 2.1% | 0.0% | | Top-10 concentration | 87.0% | 87.7% | 92.4% | 93.6% | 95.3% | 94.7% | 94.5% | 95.5% |
SIC-derived, not GICS · 100% of the latest book classified · share of the filed book, per quarterⓘ Basis & disclosures - As filed · positions and weights exactly as the 13F states them · nothing imputed · absent “—”
- 13F is US-listed long only · filed up to 45 days after quarter-end · a LOWER bound on what this filer manages, never a total — shorts, options, cash, bonds and non-US listings are outside it
- As filed — the holdings and weights are the 13F itself; no return engine produced them
- Implied returns are a replication, not a track record · the filed book valued daily and rebalanced to each new filing · no fees, no timing, and nothing a 13F does not carry
- Not investment advice · no recommendation, forecast or offer · past ≠ future · this is a filer's public record, not a solicitation
- SEC Form 13F · SEC Form ADV · licensed end-of-day prices · spzco.com/methodology
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