Elliott Investment Management maintained a significant stake in Suncor Energy Inc. during the first quarter of 2025. The firm's holding in Suncor was valued at $2.04 billion.
This stake represents 13.46% of Elliott's total $15.2 billion 13F portfolio. The holding remained unchanged from the previous quarter, indicating sustained conviction in Suncor's value proposition.
Elliott Investment Management increased its overall energy sector exposure to 37.64% in Q1 2025, making it the firm's largest allocation. Suncor remains a core conviction within this expanded energy focus.
The continued substantial investment by a prominent activist investor like Paul Singer's Elliott Management signals strong confidence in Suncor's strategic direction and potential for future returns.
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