Paul Singer's Elliott Management has sold its entire stake in Crown Castle (CCI), valued at approximately $99.60 million, according to a recent SEC disclosure. This 13F filing reflects the firm's trading activity during the second quarter, which ended June 30, 2026, and is not indicative of current, real-time holdings.
The exit follows a multi-year activist campaign where Elliott pushed for significant changes at the wireless tower owner. The firm had publicly called for new leadership, a review of the company's fiber business, and improved corporate governance to address what it termed "chronic underperformance." In late 2023, Crown Castle's CEO announced his retirement and the company agreed to appoint two new independent directors and form a committee to review its fiber business, marking a significant win for the activist investor.