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