Elliott Investment Management Q2 2024 13F Exited Positions Include 507K Constellation Brands Shares, 4.1M Endeavor Group Shares, 1.05M VNQ Calls, 3.74M Peabody Energy Shares, 296K iShares Bitcoin Trust Shares, 5K NVIDIA Shares, And 1.12M Polestar Automotive Shares
Portfolio Pulse from Benzinga Newsdesk
Elliott Investment Management's Q2 2024 13F filing reveals that the firm has exited positions in several notable stocks and ETFs, including Constellation Brands, Endeavor Group, VNQ Calls, Peabody Energy, iShares Bitcoin Trust, NVIDIA, and Polestar Automotive.
August 14, 2024 | 8:46 pm
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NEGATIVE IMPACT
Elliott Investment Management has exited its position in Peabody Energy, selling 3.74M shares.
The exit of a significant position by Elliott Investment Management could indicate a lack of confidence in Peabody Energy, potentially leading to short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Elliott Investment Management has exited its position in Endeavor Group, selling 4.1M shares.
The sale of a large number of shares by Elliott Investment Management could signal a bearish outlook, potentially leading to short-term downward pressure on Endeavor Group's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Elliott Investment Management has exited its position in iShares Bitcoin Trust, selling 296K shares.
The sale of a large number of shares in iShares Bitcoin Trust by Elliott Investment Management could signal a bearish outlook on Bitcoin, potentially leading to short-term downward pressure on IBIT.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Elliott Investment Management has exited its position in NVIDIA, selling 5K shares.
Although the number of shares sold is relatively small, the exit by Elliott Investment Management could still signal a bearish outlook, potentially leading to short-term downward pressure on NVIDIA's stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Elliott Investment Management has exited its position in Polestar Automotive, selling 1.12M shares.
The exit of a significant position by Elliott Investment Management could indicate a lack of confidence in Polestar Automotive, potentially leading to short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Elliott Investment Management has exited its position in Constellation Brands, selling 507K shares.
The exit of a significant position by a major investment firm like Elliott could indicate a lack of confidence in the stock, potentially leading to short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Elliott Investment Management has exited its position in VNQ Calls, selling 1.05M calls.
Exiting a large position in VNQ Calls by Elliott Investment Management may indicate a bearish outlook on the real estate sector, potentially leading to short-term downward pressure on VNQ.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70