Elliott Investment Management, a prominent activist investor led by Paul Singer, held 133.8 million shares of Triple Flag Precious Metals Corp. as of the end of 2024. This substantial holding was valued at $2.6 billion.
The investment represents approximately two-thirds of Triple Flag's outstanding shares, making it Elliott Management's largest stock holding. This position indicates a strong bullish stance on gold and other precious metals.
The significant ownership by a major institutional investor like Elliott Management signals strong confidence in Triple Flag's business model and future prospects. Such a large stake can also attract further investor attention to the company.
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