Elliott Management Complete Portfolio & Trades in Q3 2013 (HES, DELL, FOX, CPWR, MPEL, ELX)

Market Realist

Elliott Management is a New York based $20 billion+ event driven and distressed hedge fund run by the legendary Paul Singer. The fund is secretive in its approach, but sources attribute a 15% annual net return to its main fund since inception in 1977, compared to 11% for the S&P 500.  The firm started new positions in Riverbed Technology (RVBD), Autodesk, Inc. (ADSK), News Corp. (NWS), NVIDIA (NVDA) and sold 30%-40% of its positions in Delphi Automotive (DLPH) and NetApp (NTAP).

At the end of the 3rd quarter, Elliott Management has maintained its position in its largest holding, Hess Corp, which based on a sum-of-the-parts valuation, has been undervalued for the past three years.

 

 

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