BTU - Elliott Management adds stake in two junk bond ETFs Liberty Broadband in Q4

• Elliott Investment Management, the activist investment firm, took new stakes in two junk bond fund ETFs, Liberty Broadband ( NASDAQ: LBRDK ) (~918K shares), and NiSource ( NYSE: NI ) (1.22M shares) in the last three months of 2022, according to its latest 13F filing.
• The firm added 7.13M shares of  iBoxx High Yield Corporate Bond ETF ( NYSEARCA: HYG ) and 2.56M shares of SPDR Bloomberg Barclays High Yield Bond ETF ( NYSEARCA: JNK ) to its portfolio.
• The company also increased its holdings in Pinterest ( NYSE: PINS ) to 27.9M shares from 15.0M; Triple Flag Precious Metals ( NYSE: TFPM ) to 129.9M shares from 129.1M; and E2open Parent Holdings ( NYSE: ETWO ) to 19.2M shares from ~18.0M in the quarter.
• It trimmed holdings in Aerojet Rocketdyne ( NYSE: AJRD ) ~848K shares from 3.00M; Uniti Group ( NASDAQ: UNIT ) to 10.1M shares from ~14.2M shares; and Peabody Energy ( NYSE: BTU ) to 23.0M shares from ~25.9M, according to the filing .
• Since the end of the quarter, Elliott Management was reported to have accumulated a multibillion-dollar investment in Salesforce ( CRM ).

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