Elliott Management buys Synopsys, cuts Triple Flag in Q2

Elliott Management, led by Paul Singer, disclosed in an SEC filing that it added Synopsys during the second quarter, buying the software and chip-design company (SNPS) as of June 30, 2026. The fund also exited two positions in the quarter: it reduced Crown Castle (CCI) by the size of a previous holding and fully left Liberty Capital Class C (GLIBK). Elliott increased stakes in HP Enterprise (HPE) and Norwegian Cruise (NCLH). It trimmed or reduced positions in Suncor (SU), Triple Flag (TFPM), Seadrill (SDRL) and Southwest Air (LUV). Its largest holdings were Triple Flag, Phillips 66 (PSX), Suncor, HP Enterprise and Southwest Air.