Elliott raises stake in Pinterest; adds Clarivate, Cardinal Health to portfolio
2022.11.14 18:31
© Reuters. Pinterest app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration
(Reuters) – Hedge fund Elliott Investment Management raised its stake in social media platform Pinterest (NYSE:) while adding Clarivate Plc, Cardinal Health (NYSE:) and Triple Flag Precious Metals Corp to its portfolio, a regulatory filing showed on Monday.
The stakes disclosed in the so-called 13-F quarterly filing are as of Sept. 30. The filings are one of the few ways that funds are required to disclose their long positions, but may not reflect current holdings.
The filings are closely watched for possible investment trends and potential future performance.
Elliott had disclosed a stake in Pinterest in August, citing “significant potential for growth”.
Rival investment firm Tiger Global Management also added to its stakes in several tech firms in the third quarter, including tech giant Microsoft Corp (NASDAQ:), and Jack Dorsey’s payments firm Block Inc.
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