SEC Filing | Dell Technologies

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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G/A

Under the Securities Exchange Act of 1934
(Amendment No. 1)*

Dell Technologies Inc.
(Name of Issuer)

Class C Common Stock, $0.01 par value per share
(Title of Class of Securities)

24703L202
(CUSIP Number)

December 31, 2019**
(Date of Event Which Requires Filing of This Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

x	Rule 13d-1(b)
¨	Rule 13d-1(c)
¨	Rule 13d-1(d)

(Page 1 of 6 Pages)

______________________________

* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

** This amendment is being filed to fulfill the year-end Schedule 13G amendment obligation with respect to the Schedule 13G previously filed by Elliott Associates, L.P. ("Elliott Associates"), Elliott International, L.P. ("Elliott International") and Elliott International Capital Advisers Inc. ("EICA", and together, the "Prior Reporting Persons"). It also serves as an initial filing by Elliott Investment Management L.P. which, effective January 1, 2020, is the investment manager of Elliott Associates and Elliott International and has been delegated all voting and investment power over the securities held by Elliott Associates and Elliott International (and their respective subsidiaries). Accordingly, the Prior Reporting Persons are no longer reporting beneficial ownership of securities held by Elliott Associates and Elliott International (and their respective subsidiaries). The initial Schedule 13G filing was made under CIK 0000904495.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

CUSIP No. 24703L202

13G/A

Page 2 of 6 Pages

1	NAME OF REPORTING PERSON Elliott Investment Management L.P.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP		(a) ¨ (b) ¨
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:	5	SOLE VOTING POWER 20,653,712 (including 5,525,000 Shares underlying options)
	6	SHARED VOTING POWER 0
	7	SOLE DISPOSITIVE POWER 20,653,712 (including 5,525,000 Shares underlying options)
	8	SHARED DISPOSITIVE POWER 0
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 20,653,712 (including 5,525,000 Shares underlying options)
10	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES			¨
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 8.1%
12	TYPE OF REPORTING PERSON PN, IA

CUSIP No. 24703L202

13G/A

Page 3 of 6 Pages

Item 1(a).		NAME OF ISSUER

		The name of the issuer is Dell Technologies Inc. (the "Issuer").

Item 1(b).		ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES

		One Dell Way, Round Rock, Texas 78682.

Item 2 (a).		NAME OF PERSON FILING

		This statement on Schedule 13G is filed by Elliott Investment Management L.P., a Delaware limited partnership ("EIM" or the "Reporting Person"), the investment manager of Elliott Associates, L.P., a Delaware limited partnership ("Elliott") and Elliott International, L.P., a Cayman Islands limited partnership ("Elliott International" and together with Elliott, the "Elliott Funds"), with respect to the shares of Common Stock held by (and underlying options held by) the Elliott Funds and/or their respective subsidiaries.

		The general partner of the EIM is Elliott Investment Management GP LLC, a Delaware limited liability company ("EIM GP"). Paul E. Singer ("Singer") is the sole managing member of EIM GP.

Item 2(b).		ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE

		The business address of EIM, EIM GP and Singer is 40 West 57th Street, 30th Floor, New York, New York 10019.

Item 2(c).		CITIZENSHIP

		EIM is a limited partnership formed under the laws of the State of Delaware.

		EIM GP is a limited liability company formed under the laws of the State of Delaware.

		Singer is a U.S. citizen.

Item 2(d).		TITLE OF CLASS OF SECURITIES

		Class C Common Stock, $0.01 par value per share (the "Shares")

Item 2(e).		CUSIP NUMBER

		24703L202

CUSIP No. 24703L202

13G/A

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Item 3.	IF THIS STATEMENT IS FILED PURSUANT TO Rules 13d-1(b), OR 13d-2(b) OR (c), CHECK WHETHER THE PERSON FILING IS A:

	(a)	¨	Broker or dealer registered under Section 15 of the Act;
	(b)	¨	Bank as defined in Section 3(a)(6) of the Act;
	(c)	¨	Insurance company as defined in Section 3(a)(19) of the Act;
	(d)	¨	Investment company registered under Section 8 of the Investment Company Act of 1940;
	(e)	x	An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
	(f)	¨	An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
	(g)	¨	A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
	(h)	¨	A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;
	(i)	¨	A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act;
	(j)	¨	A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J);
	(k)	¨	Group, in accordance with Rule 13d-1(b)(1)(ii)(K).
	If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution:

Item 4.	OWNERSHIP

	The percentage set forth in this Schedule 13G is calculated based upon an aggregate of 254,394,517 Shares outstanding as of December 30, 2019 which is the sum of (i) 236,743,696 Shares outstanding as of December 3, 2019 as disclosed in the Quarterly Report on Form 10-Q for the quarterly period ended November 1, 2019 filed by the Issuer with the Securities and Exchange Commission (the "SEC") on December 9, 2019 and (ii) 17,650,821 Shares issued on December 30, 2019 as disclosed in the Current Report on Form 8-K filed by the Issuer with the SEC on January 6, 2020.

	The information required by Items 4(a) - (c) is set forth in Rows 5 - 11 of the cover page for the Reporting Person and is incorporated herein by reference.

Item 5.	OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS

	Not applicable.

CUSIP No. 24703L202

13G/A

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Item 6.	OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON

	See Item 2.

Item 7.	IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON

	Not applicable.

Item 8.	IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP

	Not applicable.

Item 9.	NOTICE OF DISSOLUTION OF GROUP

	Not applicable.

Item 10.	CERTIFICATION

	The Reporting Person hereby makes the following certification:

	By signing below the Reporting Person certifies that, to the best of its knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

CUSIP No. 24703L202

13G/A

Page 6 of 6 Pages

SIGNATURES

After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

DATE: January 13, 2020

Elliott Investment Management L.P.

/s/ Elliot Greenberg
Name:	Elliot Greenberg
Title:	Vice President