undamentalytics Newsletter
Sign in

Funds (13F)

Elliott Investment Management L.P.

Backtest from 22 May 2020 to 2 Nov 2026 · weekly · hypothetical

Watch this strategy
Return a year
+38.5%
S&P 500 +17.3%
Last 12 months
+44.7%
S&P 500 +12.1%
Sharpe ratio
1.43
S&P 500 0.88
Biggest drop
−16.6%
S&P 500 −23.9%
$10.0k$20.0k$40.0k$80.0k 2020202120222023202420252026 $81.8k$28.0k
StrategyS&P 500 $10,000 in Elliott Investment Management L.P. from 22 May 2020 against the S&P 500 (total return) over the same dates, marked weekly, log scale. Hypothetical: before taxes and trading costs.

About

Copies Elliott Investment Management L.P.'s quarterly 13F holdings in the companies we cover, weighted by reported value: it buys on the first trading day after each 13F is filed (up to 45 days after the quarter) and holds until the next filing. A 13F shows long US-listed positions only, at the quarter's end, so this misses shorts, cash, bonds, non-US holdings and trading within the quarter.

Elliott Investment Management L.P.'s 13F holdings →

Key statistics

MeasureStrategyS&P 500
Return a year (compound)+38.5%+17.3%
Total return+718%+180%
Last 12 months+44.7%+12.1%
Last 3 months+7.4%—
Last month−2.1%—
This year so far+28.5%—
Volatility a year22.2%16.0%
Sharpe ratio1.430.88
Biggest drop−16.6%−23.9%
Beta to the S&P 5000.841.00
Alpha a year (t-statistic)+20.0% (2.86)—
Share of weeks up62%—

Sharpe ratio uses returns above the 3-month Treasury bill rate. Alpha is the yearly return left after allowing for the strategy's exposure to the S&P 500 (CAPM); a t-statistic below about 2 means it cannot be told apart from luck.

Insights

CompanyWeightHeld sinceReturn since
TFPM27.9%——
PSX22.8%——
SU11.1%——
HPE10.2%——
LUV8.8%——
UNIT4.7%——
PINS4.1%——
ETSY2.6%——
NCLH2.2%——
PEP1.2%——
SDRL1.2%——
EQIX1.1%——
SNPS0.7%——
OR0.7%——
RIG0.5%——
HDB0.1%——
QNT0.1%——

Weighted by reported value in the latest 13F, held until the next filing.

PeriodReturn a yearS&P 500SharpeS&P 500Biggest dropBetaAlpha (t)
Whole backtest22 May 2020 to 2 Nov 2026+38.5%+17.3%1.430.88−16.6%0.84+20.0% (2.86)
Last three years3 Nov 2023 to 2 Nov 2026+31.3%+21.8%1.331.16−14.2%0.70+13.2% (1.44)
Last year7 Nov 2025 to 2 Nov 2026+42.4%+14.2%2.000.84−7.1%0.38+28.5% (1.81)
DateCompanyAction
21 Aug 2026SNPSBought
21 Aug 2026QNTBought
22 May 2026RIGBought
22 May 2026NCLHBought
20 Feb 2026HDBBought
20 Feb 2026FSKBought
21 Nov 2025UNITBought
21 Nov 2025PEPBought
21 Nov 2025ORBought
21 Nov 2025HPEBought
21 Nov 2025BILLBought
16 May 2025SNDKBought
16 May 2025EQIXBought
16 Aug 2024WDCBought
16 Aug 2024TFPMBought
16 Aug 2024SUBought
16 Aug 2024STBought
16 Aug 2024SDRLBought
16 Aug 2024RIGBought
16 Aug 2024PSXBought
16 Aug 2024PINSBought
16 Aug 2024NRGBought
16 Aug 2024MTCHBought
16 Aug 2024MPCBought
16 Aug 2024LUVBought

Dated at the rebalance that made the change.

DateCompanyAction
21 Aug 2026CCISold
22 May 2026STSold
22 May 2026FSKSold
22 May 2026BILLSold
21 Nov 2025WDCSold
21 Nov 2025SNDKSold
21 Nov 2025RIGSold
21 Nov 2025MTCHSold
21 Nov 2025HWMSold
21 Nov 2025HDBSold
21 Nov 2025CRMDSold
21 Nov 2025BMRNSold
21 Nov 2025ARMSold
16 May 2025NRGSold
16 May 2025BHCSold
2 May 2025CAHSold
15 Nov 2024MPCSold

Dated at the rebalance that made the change.

Backtests are hypothetical and use today's listed companies only, which flatters results. Past performance does not predict future returns. This is research, not investment advice. How we backtest