In this article, we will discuss the Top 5 Stock Picks of Billionaire Paul Singer. Please visit the Top 10 Stock Picks of Billionaire Paul Singer, if you would like to see the extended list and the methodology behind it.
5. Pinterest Inc. (NYSE:PINS)
Elliott’s Stake: $513,520,000
Pinterest Inc. (NYSE:PINS) is down about 24% year-to-date, as several issues continue to weigh on sentiment, including slowing advertising demand, intensifying competition from larger platforms, and weaker ad pricing in its core market.
However, bulls argue the weakness is already reflected in the stock. Global monthly active users (MAUs) rose about 12% year-over-year in Q4 to 619 million. In its key United States and Canada (UCAN) segment, monetization is supported by higher ad value, with average revenue per user (ARPU) increasing 4.5%. Engagement remains strong, with the platform generating over 80 billion monthly searches and 1.7 billion outbound clicks, reinforcing its role in visual discovery and shopping intent.
From a valuation perspective, the stock looks attractive. It trades at a forward P/E of 11.6x, compared with a broader social media and tech peer group average closer to the low-to-mid 20s. Analysts expect a revenue CAGR of about 13% through FY2028, with improving earnings growth as cost discipline and operating leverage kick in.
Lakehouse Global Growth Fund stated the following regarding Pinterest, Inc. (NYSE:PINS) in its fourth quarter 2025 investor letter:
“Visual search and discovery platform, Pinterest, Inc. (NYSE:PINS), posted a solid quarterly result that was largely in line with expectations. Revenue grew 17% (16% constant currency) to $1.05 billion and adjusted EBITDA grew 24% to $306 million. Pleasingly, Pinterest’s revenue continues to be driven by a healthy mix of volume and price. The company’s monthly user count grew 12% to 600 million (the highest level of sequential growth in four years), while the firm’s average revenue per user increased 5% to $1.78. Pinterest also continues to make headway with its user shopping experience, and importantly monetising that experience, as the number of unique shopping SKUs with a paid ad impression more than doubled year-on-year.
Despite providing what we believed was a solid update, Pinterest’s stock sold off approximately 20% as management struck a cautious tone for 4Q guidance. Specifically, they noted they are seeing some “pockets of weakness” in North American ad spend as some of the largest retailers pulled back spend on tariff related margin pressure. In our view, these small “pockets of weakness” will prove to be temporary headwinds and we take comfort in management reiterating confidence in their mid-term targets – i.e. mid teens revenue growth and 30-34% EBITDA margins.
Big picture, we still view Pinterest as a differentiated, scaled platform with significant commercial intent that is well placed to capture incremental share of advertising budgets in the years ahead. Coupled with an attractive valuation of 14x earnings and over 12% of its market capitalisation in cash, we think the risk/reward is attractive.”
4. Southwest Airlines Co (NYSE:LUV)
Elliott’s Stake: $1,140,099,220
Airlines are reeling amid the Middle East conflict, with higher oil prices and softer demand hitting margins across the sector. But Southwest Airlines Co (NYSE:LUV) is taking clear steps toward recovery, which supports a longer-term buy case. The company has already moved on to pricing power. It increased bag fees by $10, which is expected to add about $1.16 billion in annual revenue (roughly +3.3%). This step would also support EBITDA.
Southwest Airlines Co (NYSE:LUV) is working to take out costs through variable cost reductions and efficiency measures, which is critical when fuel spikes compress margins. Fleet modernization is another support. Ongoing upgrades to more fuel-efficient Boeing 737 MAX aircraft provide incremental fuel savings and help offset part of the oil price impact over time. Despite near-term pressure, the financial base remains solid.
3. Suncor Energy Inc New (NYSE:SU)
Elliott’s Stake: $3,482,066,588
The turmoil in oil markets amid the Middle East conflict, years of underinvestment, and the removal of roughly 600–700 million barrels from global inventories has left Suncor Energy Inc New (NYSE:SU) in a strong position. Why? Because it operates one of the most reliable oil sands businesses, with proven reserves that can sustain production for more than 25 years at current levels. Its output is expected to grow steadily, unlike many global peers facing declining reserves. Suncor Energy Inc New (NYSE:SU) is also financially solid.
Suncor Energy Inc New (NYSE:SU) is returning significant cash to investors. It delivered over $5.8 billion to shareholders in 2025 through dividends and buybacks, and plans to continue repurchases at about $275 million per month. Its dividend yield is around 2.8%, and the payout is likely to increase if oil prices remain elevated.
Suncor Energy Inc New (NYSE:SU) is aso expanding aggressively into the EV domain by leveraging its Petro-Canada network to build Canada’s Electric Highway, with a target of installing over 1,000 fast-chargers by late 2026 to capture the shifting consumer market. Carbon capture is another major catalyst for the stock because the demand for this technology is surging as global regulations tighten and industries face pressure to decarbonize. Suncor Energy Inc New (NYSE:SU) is a founding member of the Oil Sands Alliance (formerly Pathways Alliance), which is developing a massive $16.5 billion carbon capture and storage (CCS) network in Alberta.
2. Phillips 66 (NYSE:PSX)
Elliott’s Stake: $2,484,149,040
The midstream business remains the core catalyst for Phillips 66 (NYSE:PSX), transitioning the company toward a high-margin, fee-based model that provides bond-like stability. Management is aggressively targeting $4.5 billion in annual midstream EBITDA by 2027, supported by the full integration of DCP Midstream and the expansion of the Coastal Bend NGL Pipeline to 350,000 barrels per day. This infrastructure ensures Phillips 66 (NYSE:PSX) earns steady revenue from moving natural gas liquids, regardless of volatile oil prices, which fuels consistent dividend growth and share buybacks.
The chemicals business is another key growth catalyst, specifically through the CPChem joint venture, which is currently launching massive projects like Golden Triangle Polymers and Ras Laffan to meet global demand for polyethylene.
Phillips 66 (NYSE:PSX) is also making a strategic play in the EV domain by becoming a leading producer of specialty needle coke. This highly refined material is a critical component for the synthetic graphite used in EV battery anodes, allowing Phillips 66 (NYSE:PSX) to profit directly from the battery supply chain and the global shift toward electrification.
Oakmark Select Fund stated the following regarding Phillips 66 (NYSE:PSX) in its Q1 2026 investor letter:
“Phillips 66 (NYSE:PSX) was the top contributor during the quarter. The U.S.-headquartered downstream energy company’s stock price rose as it benefited from higher crack spreads (the difference in price between crude oil and refined petroleum), heightened geopolitical risk and solid fourth-quarter 2025 earnings. Fundamental results have been encouraging, and we believe PSX is set to be a major beneficiary of rising crack spreads. We continue to see PSX as a durably advantaged energy company focused on returning cash flow to shareholders.”
1. Triple Flag Precious Metals Corp. (NYSE:TFPM)
Elliott’s Stake: $4,625,045,543
Triple Flag Precious Metals Corp. (NYSE:TFPM) thrives in the mining industry as it does not do drilling itself; it just finances projects and receives royalties or streams in return. While miners struggle with rising labor costs, high inflation, and the risky “hit or miss” nature of drilling, Triple Flag benefits from their exploration success without spending its own capital on the actual operations.
Instead of betting on one mine, it gives investor exposure to a portfolio of over 230 assets across safe locations like Australia and Canada, spreading the risk so that one bad project doesn’t sink Triple Flag Precious Metals Corp. (NYSE:TFPM). Some future catalysts include a major construction decision at the Hope Bay project expected in May 2026 and the potential for new acquisitions using their $1 billion in available cash.
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 the cheapest AI stock.
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