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DG

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
+12%
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
$1.32B
AUM Growth
-$241M
Cap. Flow
-$335M
Cap. Flow %
-25.29%
Top 10 Hldgs %
87.79%
Holding
29
New
–
Increased
11
Reduced
3
Closed
10

Top Buys

Rank Stock Value
1
CF icon
CF Industries
CF
+$169M
2
MOS icon
The Mosaic Company
MOS
+$83.2M
3
PXD
Pioneer Natural Resource Co.
PXD
+$50.8M
4
CHTR icon
Charter Communications
CHTR
+$49.2M
5
HTZ
Hertz Global Holdings, Inc.
HTZ
+$10.8M

Top Sells

Rank Stock Value
1
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$153M
2
QQQ icon
Invesco QQQ Trust
QQQ
+$151M
3
XLE icon
State Street Energy Select Sector SPDR ETF
XLE
+$101M
4
CAR icon
Avis
CAR
+$85.8M
5
ESI icon
Element Solutions
ESI
+$50.8M

Sector Composition

Rank Sector Weight
1 Materials 31.62%
2 Communication Services 26.82%
3 Consumer Discretionary 13.2%
4 Energy 10.56%
5 Healthcare 8.37%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
26
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
– –
-44,500
Closed -$11.7M
XLE icon
27
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
– –
-3,000,000
Closed -$101M
CLR
28
DELISTED
CONTINENTAL RESOURCES INC.
CLR
– –
-490,000
Closed -$28.9M
P
29
DELISTED
Pandora Media Inc
P
– –
-7,320,000
Closed -$36.8M
1
2

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David Greenspan's Q2 2018 Portfolio in Review

As of Q2 2018, David Greenspan held 29 positions worth $1.32B, down 15% from $1.56B the previous quarter. Its ten largest holdings account for 88% of the portfolio.

David Greenspan withdrew a net $335M in Q2 2018, closing 10 positions and reducing 3 holdings. Its most notable exit was State Street SPDR S&P 500 ETF Trust, an estimated $153M position sold in full.

By sector, the portfolio is most concentrated in Materials at 32% of assets, up from 12% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, David Greenspan added an estimated $169M to CF Industries.

  • David Greenspan added most to CF Industries in Q2 2018, an estimated $169M increase.
  • David Greenspan's biggest Q2 2018 reduction was Avis, cutting an estimated $85.8M.
  • David Greenspan fully exited State Street SPDR S&P 500 ETF Trust in Q2 2018, selling an estimated $153M.
  • David Greenspan's ten largest holdings make up 88% of its $1.32B portfolio in Q2 2018.
  • David Greenspan opened 0 new positions and closed 10 in Q2 2018.
  • David Greenspan's portfolio value fell 15% quarter-over-quarter to $1.32B.

Based on Slate Path Capital's 13F filing for Q2 2018, filed 14 Aug 2018.