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David Greenspan Slate Path Capital

AUM $7.22B
1-Year Est. Return 110.75%
 

David Greenspan is the founder of Slate Path Capital, a long/short equity firm with roots in the Tiger Management network. The firm conducts fundamental research across sectors with an emphasis on differentiated views rather than index hugging. Greenspan’s filings attract attention among investors who follow Tiger Cub-style managers.

This Fund
S&P 500
This Quarter Est. Return
+14.06%
1 Year Est. Return
+110.75%
3 Year Est. Return
+393.62%
5 Year Est. Return
+449.87%
10 Year Est. Return
+5,767.79%
AUM
$1.02B
AUM Growth
-$885M
Cap. Flow
-$1.02B
Cap. Flow %
-100.79%
Top 10 Hldgs %
84.45%
Holding
31
New
8
Increased
4
Reduced
11
Closed
8

Top Buys

Rank Stock Value
1
X
US Steel
X
+$30.5M
2
APA icon
APA Corp
APA
+$25.7M
3
DVN icon
Devon Energy
DVN
+$24M
4
RSPP
RSP Permian, Inc.
RSPP
+$23.7M
5
FANG icon
Diamondback Energy
FANG
+$23.3M

Top Sells

Rank Stock Value
1
TWTR
Twitter, Inc.
TWTR
+$173M
2
TIF
Tiffany & Co.
TIF
+$161M
3
AAP icon
Advance Auto Parts
AAP
+$148M
4
PODD icon
Insulet
PODD
+$141M
5
ALLY icon
Ally Financial
ALLY
+$127M

Sector Composition

Rank Sector Weight
1 Communication Services 31.88%
2 Healthcare 14.47%
3 Energy 12.73%
4 Industrials 12.05%
5 Materials 11.45%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LULU icon
26
lululemon athletica
LULU
$13.7B
– –
-86,000
Closed -$5.35M
LYV icon
27
Live Nation Entertainment
LYV
$42.4B
– –
-1,575,000
Closed -$68.6M
SPY icon
28
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
– –
-212,500
Closed -$53.4M
ATCO
29
DELISTED
Atlas Corp.
ATCO
– –
-450,000
Closed -$3.19M
TIF
30
DELISTED
Tiffany & Co.
TIF
– –
-1,755,000
Closed -$161M
IPXL
31
DELISTED
Impax Laboratories, Inc.
IPXL
– –
-145,000
Closed -$2.94M
1
2

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David Greenspan's Q4 2017 Portfolio in Review

As of Q4 2017, David Greenspan held 31 positions worth $1.02B, down 47% from $1.9B the previous quarter. Its ten largest holdings account for 84% of the portfolio.

David Greenspan withdrew a net $1.02B in Q4 2017, closing 8 positions and reducing 11 holdings. Its most notable exit was Tiffany & Co., an estimated $161M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 32% of assets, down from 33% a quarter earlier, followed by Healthcare and Energy.

Against the trend, David Greenspan opened a new position in APA Corp worth $25.8M.

  • David Greenspan's largest Q4 2017 buy was APA Corp: 610,000 shares worth $25.8M.
  • David Greenspan added most to US Steel in Q4 2017, an estimated $30.5M increase.
  • David Greenspan's biggest Q4 2017 reduction was Twitter, Inc., cutting an estimated $173M.
  • David Greenspan fully exited Tiffany & Co. in Q4 2017, selling an estimated $161M.
  • David Greenspan's ten largest holdings make up 84% of its $1.02B portfolio in Q4 2017.
  • David Greenspan opened 8 new positions and closed 8 in Q4 2017.
  • David Greenspan's portfolio value fell 47% quarter-over-quarter to $1.02B.

Based on Slate Path Capital's 13F filing for Q4 2017, filed 14 Feb 2018.