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Elliott Management exits 14 stocks in Q1'19, adds $367M eBay stake

New York-based investment manager Elliott Management Corp. exited 14 positions worth a combined $818.0 million during the first quarter, according to the firm's latest Form 13F.

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The firm's largest exit was a $145.6 million investment in Akamai Technologies Inc., which was Elliott's 11th-largest position at the end of December 2018.

In addition, Elliott sold 62.3% of its stake in Altaba Inc., which was its largest holding at year-end 2018, dropping the company to the No. 7 spot and making Sempra Energy its new No. 1 stock investment, at $1.43 billion.

Elliott's total stock portfolio was worth $10.55 billion as of March 31, up from $9.66 billion in the fourth quarter of 2018.

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The hedge fund manager increased its exposure to computer maker Dell Technologies Inc. by 69.2% during the first quarter, pushing its total investment in the company to $658.2 million as of March 31, up from $323.8 million a quarter earlier.

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Elliott also initiated eight new stock investments worth a combined $813.8 million. eBay Inc., Elliott's largest initiation at $367.7 million, became its 10th-largest position overall at the end of March.

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Click here for a template that allows users to analyze Elliott Management Corp.'s common stock holdings as of March 31, 2019.

Click here to view Elliott Management Corp.'s current common stock holdings.

Company filings including the 13F can be found through the filings archive tab on a company's briefing book page.