Elliott Investment Management has recently built stakes in two publicly traded companies across different sectors, according to reports.

The activist investment firm has acquired a position in Mitsui O.S.K. Lines, one of Japan's largest shipping companies. Elliott stated that it views the Japanese shipping giant as materially undervalued, suggesting the firm sees potential for the company's stock price to increase.

Separately, Elliott has also built a stake in Align Technology, the maker of Invisalign clear dental aligners. The company is a prominent player in the orthodontic device market.

Elliott Investment Management, founded by Paul Singer, is known for taking activist positions in companies it believes are underperforming or undervalued. The firm typically seeks to influence corporate strategy, governance, or operations to unlock shareholder value.

The investments represent Elliott's continued strategy of identifying what it considers to be mispriced assets across global markets and various industries. Both Mitsui O.S.K. Lines and Align Technology operate in sectors that have seen significant changes in recent years due to global trade patterns and healthcare technology advances, respectively.