November 27, 2022

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Elliott Increases Pinterest Share; adds Clarivate, Cardinal Health to Reuters portfolio

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©Reuters. The Pinterest app is seen on a smartphone in this illustration from July 13, 2021. REUTERS/Dado Ruvic/Illustration

(Reuters) – Hedge fund Elliott Investment Management has increased its stake in social media platform Pinterest (NYSE:) while adding Clarivate Plc, Cardinal Health (NYSE:) and Triple Flag Precious Metals Corp to its portfolio, like a regulatory filing showed on Monday.

Shares disclosed in the quarterly 13F filing are as of September 30th. The filings are one of the few ways funds are required to disclose their long positions, but may not reflect current holdings.

Submissions are closely monitored for potential investment trends and potential future performance.

Elliott announced a stake in Pinterest in August, citing “significant growth potential.”

Rival investment firm Tiger Global Management increased its holdings in several tech companies in the third quarter, including tech giant Microsoft Corp (NASDAQ:) and Jack Dorsey’s payments company Block Inc.

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