Elliott Management takes new stakes in Aerojet, Pinterest, PayPal; exits Twitter

Aug. 15, 2022 6:38 PM ETAerojet Rocketdyne Holdings, Inc. (AJRD), TWTR, PYPL, PINS, CAH, VAL, NE, APA, EVRG, EDRBy: Liz Kiesche, SA News Editor3 Comments

Book with name hedge fund and trading data.


  • Elliott Investment Management, the hedge fund led by Paul Singer, took on new stakes in Aerojet Rocketdyne (NYSE:AJRD), Pinterest (NYSE:PINS), PayPal Holdings (NASDAQ:PYPL) and Endeavor Group Holdings (NYSE:EDR) in Q2, while disposing of its stakes in Twitter (NYSE:TWTR), Evergy (NYSE:EVRG), and APA Corp. (NASDAQ:APA) in Q2, according to its 13F filing.
  • The company acquired 3M shares in Aerojet Rocketdyne (AJRD), 5M shares of social media app Pinterest (PINS), 1M shares of payment tech company PayPal (PYPL) and 3M shares of Endeavor Group (EDR).
  • It increased its holdings in Valaris (NYSE:VAL) to ~1.99M shares from 1.90M and in Noble Corp. (NYSE:NE) to 2.85M shares from 2.60M.
  • Earlier, Elliott Management took a large position in Cardinal Health (NYSE:CAH) and has nominated five directors to the drug wholesaler's board, the Wall Street Journal reported.

Recommended For You

Comments (3)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.