Reply To: Traders Market Weekly: China, NVidia, BRICS and Jackson Hole Risks


Elliott Management opens new stakes in Seadrill, exits PayPal, Clarivate

During the second quarter, Elliott Management took new positions in Seadrill (NYSE:SDRL) with ~7.06M shares, Constellation Brands (NYSE:STZ) with 441K shares, NuStar Energy (NYSE:NS) with 28.4K shares, and Phillips 66 (NYSE:PSX) with 775K shares, according to the Paul Singer-led hedge fund’s 13F filing issued on Monday.

The firm exited its stakes in PayPal (NASDAQ:PYPL) and Clarivate (NYSE:CLVT) during the quarter and reduced holdings in Bausch Health Companies (NYSE:BHC) to 11.5K shares from ~14.6K shares, and Howmet Aerospace (NYSE:HWM) to ~17.1M shares from ~24.7M shares.

Boosted stakes in Endeavor Group Holdings (NYSE:EDR) to ~3.56M shares from 3M shares, and Pinterest (NYSE:PINS) to 28M shares from ~27.9M shares.