Elliott buys NiSource, cuts Aerojet in Q4

Paul Singer’s Elliott Management disclosed in an SEC filing its holdings as of December 31, 2022. The fund’s six new buys during the fourth quarter included, by size of positoin, iShares iBoxx High Yield Corporate Bond ETF (HYG), SPDR Bloomberg High Yield Bond ETF (JNK), Liberty Broadband Class C (LBRDK), NiSource (NI), and News Corp (NWSA). Elliott increased its stake in three holdings during the quarter, including by size of previous position Pinterest (PINS), Triple Flag Precious Metals (TFPM), and E2open (ETWO). The fund reduced its stake in five holdings, including Aerojet (AJRD), Uniti Group (UNIT), Peabody Energy (BTU), Polestar Automotive (PSNY), and Howmet (HWM). Elliott’s top holdings as of December 31, in order of size, were Triple Flag, Howmet, Marathon Petroleum (MPC), Pinterest, and Peabody Energy.