In this article, we will take a look at the 10 best stocks to buy according to Elliott Investment Management.
Elliott Investment Management, founded in 1977 by Paul Singer, is one of the oldest fund managers in the industry. Maintaining a highly concentrated strategy, the firm owns 34 assets with a 13F portfolio value of approximately $22.6 billion, as of December 2025. Its total assets under management (AUM) stand at $117.3 billion. The firm’s top 10 holdings account for a significant 94.5% of its disclosed public equity portfolio.
That said, the macroeconomic conditions remain uncertain and may remain so in the coming year as well. On February 20, 2026, the Supreme Court struck down U.S. President Donald Trump’s signature tariff policy. After the ruling, Trump delivered the first State of the Union address of his second term on February 24, 2026, where he emphasized an “America First” economic agenda, according to CNN. During the speech, Trump claimed that he still has great leverage with other tariff authorities, signaling the possibility of using new legal tools to circumvent the ruling without Congressional approval. It creates a sense of uncertainty over trade laws, potentially disrupting the investors’ decision-making process.
Under these economic conditions, the portfolio choices of an expert investment firm seem more relevant. In this regard, we have come up with the 10 best stocks from the latest filings of Elliott Investment Management. The firm is known for its heavy concentration on high-conviction stocks. And our 10 picks represent the core of its investment strategy.
With that backdrop, let’s explore our selection of the best stocks to buy according to Elliott Investment Management.
Our Methodology
To compile our list of 10 best stocks to buy according to Elliott Investment Management, we reviewed the firm’s 13F filing for Q4 2025. We picked the stocks based on the percentage of portfolio value each stock represents and ranked them accordingly.
We limited our final selection to companies that have recently reported noteworthy developments likely to impact investor sentiment. All the pricing data are current as of market close on February 26, 2026.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 427.7% since May 2014, beating its benchmark by 264 percentage points (see more details here).
10. BILL Holdings, Inc. (NYSE:BILL)
Market value of shares owned: $163,620,000
% of portfolio: 0.72%
BILL Holdings, Inc. (NYSE:BILL) is one of the 10 best stocks to buy according to Elliott Investment Management.
Truist raised its price target on BILL Holdings, Inc. (NYSE:BILL) from $58 to $59 and keeps a Buy rating on the stock, on February 10, 2026. The new price target and rating reiteration were part of the updates from the analyst on financial models for several payment firms following their fourth-quarter earnings. For BILL Holdings, Inc. (NYSE:BILL), the analyst research note has cited in particular the refreshed assumptions concerning higher net adds and increased volume per client.
Incidentally, BILL Holdings, Inc. (NYSE:BILL) reported its second-quarter 2026 earnings results on February 5, 2026, and highlighted core revenue of $375 million, a 17% year-over-year increase. During the quarter, the company also managed to achieve an 18% non-GAAP operating margin, signalling robust profitability. However, management explicitly noted that it anticipates a slight decrease in net new customer additions as the company shifts its focus to larger businesses.
Founded in 2006, BILL Holdings, Inc. (NYSE:BILL) is a leading financial operations platform that automates back-office processes for small and midsize businesses. Its headquarters is in California.
9. PepsiCo, Inc. (NASDAQ:PEP)
Market value of shares owned: $182,988,000
% of portfolio: 0.81%
PepsiCo, Inc. (NASDAQ:PEP) is one of the 10 best stocks to buy according to Elliott Investment Management.
On February 20, 2026, Wells Fargo analyst Christopher Carey maintained a Hold rating on PepsiCo, Inc. (NASDAQ:PEP) with a price target of $165. The stock also saw its Hold rating from TD Cowen reiterated on February 20 by the firm’s analyst, Robert Moskow. The analyst also raised the stock’s price target from $162 to $165. In a research note, Robert Moskow cited that the company detailed its turnaround strategy and reaffirmed 2026 guidance. Additionally, the analyst noted that management’s confidence remains intact regarding achieving 4% to 6% sales growth by the latter half of 2026.
Separately, on February 4, 2026, PepsiCo, Inc. (NASDAQ:PEP) announced the approval of its Board of Directors on the quarterly dividend of $1.4225 per share of common stock – a 5% increase compared to the same period of the previous year. Shareholders of record as of March 6, 2026, will be eligible to receive the dividend on March 31, 2026. Additionally, the company has announced a 4% increase in its annualized dividend, with 2026 marking the 54th consecutive annual dividend increase.
Founded in 1965, PepsiCo, Inc. (NASDAQ:PEP) is an American multinational food and beverage corporation that manages multiple billion-dollar brands, including Pepsi, Lay’s, Gatorade, and Quaker. Its headquarters is in New York.
8. Etsy, Inc. (NYSE:ETSY)
Market value of shares owned: $277,200,000
% of portfolio: 1.23%
Etsy, Inc. (NYSE:ETSY) is one of the 10 best stocks to buy according to Elliott Investment Management.
On February 20, 2026, Barclays upgraded its rating on Etsy, Inc. (NYSE:ETSY) from Equal Weight to Overweight with a price target of $72. In the research note, the firm’s analyst noted years of decline in the company and identified the recent divestiture of Depop and the stabilization of its core business as a “tipping point”. On the same day, Truist raised its price target on the company from $80 to $83 while maintaining a Buy rating on the stock. The firm cited steady growth towards sustainable positive Gross Merchandise Sales through improved AI search and marketing.
In a more recent development, on February 25, 2026, Etsy, Inc. (NYSE:ETSY) saw a significant moment in the insider activity, with Richard Edward III Colburn, the company’s Chief Product & Technology Officer, selling 2,500 shares of the company’s stock in a transaction valued at around $129,800.
CNN noted 32% of 31 analysts following Etsy, Inc. (NYSE:ETSY) have given the stock a Buy rating as of February 26, 2026. The 1-year median price target stands at $60.
Founded in 2005 and headquartered in New York, Etsy, Inc. (NYSE:ETSY) is a global e-commerce marketplace dedicated to handmade, vintage, and creative goods.
7. Uniti Group Inc. (NASDAQ:UNIT)
Market value of shares owned: $413,675,655
% of portfolio: 1.83%
Uniti Group Inc. (NASDAQ:UNIT) is one of the 10 best stocks to buy according to Elliott Investment Management.
Uniti Wholesale, a dedicated business unit of Uniti Group Inc. (NASDAQ:UNIT) announced on February 18, 2026, that it has accelerated its 2026 expansion by adding data center on-ramps and launching FastWaves™. With this pre-deployed optical program, the 100G and 400G wavelength service delivery is reduced to under three weeks, thereby strengthening the company’s infrastructure support for carriers and hyperscalers across critical U.S. routes.
Prior to this, on January 30, 2026, Uniti Group Inc. (NASDAQ:UNIT) completed a $960.1 million private offering of secured fiber network revenue term notes through its bankruptcy-remote, special-purpose subsidiary, Kinetic ABS Issuer LLC. The anticipated due date is February 2031. The company’s Senior Executive Vice President, Chief Financial Officer & Treasurer, Paul Bullington, stated that these notes will have a positive effect on their fiber buildouts and balance sheet.
This transaction, combined with our prior securitization offerings at Uniti Fiber, provides capital to help fund our fiber buildouts and strengthen our balance sheet at a very attractive cost.
Uniti Group Inc. (NASDAQ:UNIT), founded in 2014, is a leading real estate investment trust (REIT) focused on communications infrastructure. The Arkansas-based company owns and operates a massive network across the U.S.
6. Hewlett Packard Enterprise Company (NYSE:HPE)
Market value of shares owned: $447,516,092
% of portfolio: 1.98%
Hewlett Packard Enterprise Company (NYSE:HPE) is one of the 10 best stocks to buy according to Elliott Investment Management.
On February 19, 2026, Wells Fargo analyst Aaron Rakers reiterated a Hold rating on Hewlett Packard Enterprise Company (NYSE:HPE) with a price target of $26.00. On the same day, JPMorgan analyst Samik Chatterjee kept an Overweight rating on the stock and lowered its price target from $30 to $27. According to the firm, the investor sentiment for the hardware and networking sector remains challenging. The firm expects a robust near-term performance due to pull-forward demand. At the same time, it also anticipates a potentially muted growth in share price compared to prior periods.
In another development, on January 26, 2026, Hewlett Packard Enterprise Company (NYSE:HPE) announced a strategic collaboration with 2degrees to develop a sovereign, private AI platform in New Zealand. Utilizing HPE Private Cloud AI co-developed with NVIDIA, the AI factory architecture will allow 2degrees to optimize its network and operation automations. Hewlett Packard Enterprise Company (NYSE:HPE)’s Managing Director in New Zealand gave the following statement.
By deploying HPE’s turnkey AI factory, 2degrees is setting a benchmark for how New Zealand organizations can use AI responsibly — accelerating transformation while maintaining full control over their data.
Formed in 2015 following its split from Hewlett-Packard Company, Hewlett-Packard Enterprise Company (NYSE:HPE) is a global leader in edge-to-cloud platform solutions with headquarters in Texas.
5. Pinterest, Inc. (NYSE:PINS)
Market value of shares owned: $724,920,000
% of portfolio: 3.21%
Pinterest, Inc. (NYSE:PINS) is one of the 10 best stocks to buy according to Elliott Investment Management.
On February 13, 2026, Pinterest, Inc. (NYSE:PINS) saw its price target from Goldman Sachs lowered from $32 to $23. The firm’s analyst Eric Sheridan kept a Buy rating on the shares. According to the analyst, Pinterest, Inc. (NYSE:PINS)’s fourth-quarter results signalled pressure on the company’s revenue due to macro headwinds affecting major retail advertisers. However, the firm also noted a healthy growth in its user base, particularly contributed by Gen-Z users.
Meanwhile, on the same day, RBC Capital downgraded the stock from Outperform to Sector Perform with a price target of $17, down from $38. In its research note, the firm found the company’s Q4 results disappointing. Though the analyst acknowledges tariffs as one of the primary contributors to Pinterest, Inc. (NYSE:PINS)’s results in the fourth quarter, it was also noted that the company’s previous plans centered on product cycles and improved conversion rates have failed to deliver meaningful financial upside.
Pinterest, Inc. (NYSE:PINS), founded in 2010, is a visual discovery engine and social commerce platform with headquarters in California.
4. Southwest Airlines Co. (NYSE:LUV)
Market value of shares owned: $2,113,140,905
% of portfolio: 9.35%
Southwest Airlines Co. (NYSE:LUV) is one of the 10 best stocks to buy according to Elliott Investment Management.
On February 17, 2026, UBS upgraded Southwest Airlines Co. (NYSE:LUV)’s ratings from Neutral to Buy and raised the price target on the stock from $51 to $73. The firm anticipates that Southwest Airlines Co. (NYSE:LUV) will exceed its initial targets for its assigned seating and extra-legroom programs. Based on its base-case analysis, UBS expects these initiatives, alongside checked bag fees, to generate $4.25 to $4.50 in incremental earnings per share by fiscal 2027.
In another development, on February 11, 2026, Southwest Airlines Co. (NYSE:LUV) announced plans to integrate SpaceX’s Starlink into its fleet and offer next-generation Wi-Fi across its network in 11 countries. The company’s Executive Vice President, Chief Customer & Brand Officer, Tony Roach, made the following statement.
Starlink delivers that at-home experience in the air, giving Customers the ability to stream their favorite shows from any platform, watch live sports, download music, play games, work, and connect with loved ones from takeoff to landing.
As part of this plan, Starlink-equipped aircraft are scheduled to enter service this summer. The carrier aims to expand this high-speed internet connectivity to over 300 aircraft by the end of 2026.
Founded in 1967, Southwest Airlines Co. (NYSE:LUV) is a major U.S. carrier that pioneered the low-cost, point-to-point model. The company’s headquarters is in Texas.
3. Suncor Energy Inc. (NYSE:SU)
Market value of shares owned: $2,336,476,688
% of portfolio: 10.34%
Suncor Energy Inc. (NYSE:SU) is one of the 10 best stocks to buy according to Elliott Investment Management.
On February 6, 2026, independent equity research firm Veritas downgraded Suncor Energy Inc. (NYSE:SU) from Reduce to Sell, with a price target of C$64. Separately, on February 5, 2026, RBC Capital kept an Outperform rating on the shares and raised the price target on the stock from C$69 to C$75. In a research note, the RBC Capital analyst informed investors that the company’s fourth-quarter performance raised the firm’s belief in its long-term prospects.
Suncor Energy Inc. (NYSE:SU) highlighted $3.2 billion in adjusted funds from operations and $1.7 billion in free funds flow for the fourth quarter of 2025, in its financial report from February 3, 2026. It also noted returning approximately $5.8 billion to shareholders, with $3.0 billion in share repurchases and $2.8 billion in dividends for the full year 2025. Suncor Energy Inc. (NYSE:SU) also declared a dividend of C$0.60 cents per share payable on March 25, 2026, to the shareholders of record as of March 4, 2026.
Founded in 1917, Suncor Energy Inc. (NYSE:SU) is a premier integrated energy company and the world’s largest producer of bitumen. It operates from its headquarters in Canada.
2. Phillips 66 (NYSE:PSX)
Market value of shares owned: $2,484,149,040
% of portfolio: 10.99%
Phillips 66 (NYSE:PSX) is one of the 10 best stocks to buy according to Elliott Investment Management.
On February 20, 2026, Barclays raised the price target on Phillips 66 (NYSE:PSX) from $142 to $158 while maintaining an Equal Weight rating. Earlier, on February 4, 2026, Phillips 66 (NYSE:PSX) reported its earnings results for the fourth quarter and full year 2025, highlighting earnings of $2.9 billion, or $7.17 per share, and an adjusted EBITDA of $1 billion, or $2.47 per share, for the quarter. In the earnings call, while responding to questions from Barclays analyst Theresa Chen, the company dismissed concerns that new Permian gas pipelines will disrupt ethane recovery. The company anticipates ethane pricing to remain competitive to meet Gulf Coast demand and to support its upcoming Golden Triangle project in 2027.
In a separate event, on February 19, 2026, Phillips 66 (NYSE:PSX)’s Executive Vice President Don Baldridge sold 7,500 shares of the company’s stock in a transaction valued at $1,200,000.
Phillips 66 (NYSE:PSX), spun off from ConocoPhillips in 2012, is a major integrated downstream energy company with headquarters in Texas.
1. Triple Flag Precious Metals Corp. (NYSE:TFPM)
Market value of shares owned: $4,445,358,451
% of portfolio: 19.67%
Triple Flag Precious Metals Corp. (NYSE:TFPM) is one of the 10 best stocks to buy according to Elliott Investment Management.
On February 10, 2026, Triple Flag Precious Metals Corp. (NYSE:TFPM) saw its price target from Stifel raised from C$58 to C$65. The firm’s analyst, Ingrid Rico, maintained a Buy rating on the stock. Prior to this, on February 4, 2026, CIBC kept an Outperformer rating on the stock and raised its price target from C$66 to C$74. CIBC’s update comes after the firm raised its gold price forecasts to $6,000 per ounce in 2026 and $6,500 per ounce in 2027. The firm’s analyst noted that the factors that drove demand in 2025 will remain intact in 2026, though there are concerns about geopolitical uncertainties.
In another development, on February 18, 2026, Triple Flag Precious Metals Corp. (NYSE:TFPM) declared a cash dividend of $0.0575 per common share for the first quarter of 2026. The dividend will be payable on March 16, 2026, to the shareholders of record as of March 2, 2026.
Triple Flag Precious Metals Corp. (NYSE:TFPM) is a precious metals streaming and royalty company with 239 global assets. Its headquarters is in Canada.
While we acknowledge the potential of TFPM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TFPM and that has 100x upside potential, check out our report about this cheapest AI stock.
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