Finance
Elliott increases BP stake to just over 5%
Published by Global Banking & Finance Review®
Posted on April 22, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on April 22, 2025
1 min readLast updated: January 24, 2026
Elliott Management has increased its stake in BP to 5.006%, becoming the second-largest shareholder after Blackrock. The stake is held through equity swaps.
LONDON (Reuters) - Activist hedge fund Elliott holds 5.006% of voting rights in BP, according to a regulatory notice published on Tuesday, crossing the threshold that requires reporting of big shareholdings in British companies.
This makes Elliott BP's second-biggest shareholder after Blackrock at 9.2% and ahead of Vanguard at 4.95%, according to LSEG data. BP's current market valuation is around $76 billion.
Elliott holds its stake via financial derivatives called equity swaps, the notice showed.
People with knowledge of the matter had previously put Elliott's stake at near 5%.
(Reporting by Shadia Nasralla; Editing by Tomasz Janowski)
The article discusses Elliott Management's increase in its stake in BP to over 5%, making it the second-largest shareholder.
Blackrock is the largest shareholder with 9.2%, followed by Elliott Management with 5.006%, and Vanguard with 4.95%.
Elliott holds its stake in BP through financial derivatives known as equity swaps.
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