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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
-0.5%
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
$745M
AUM Growth
-$579M
Cap. Flow
-$572M
Cap. Flow %
-76.75%
Top 10 Hldgs %
95.63%
Holding
26
New
7
Increased
4
Reduced
5
Closed
8

Top Buys

Rank Stock Value
1
SNAP icon
Snap
SNAP
+$101M
2
MOS icon
The Mosaic Company
MOS
+$21.2M
3
MDCO
Medicines Co
MDCO
+$9.98M
4
B
Barrick Mining
B
+$6.01M
5
GDXJ icon
VanEck Junior Gold Miners ETF
GDXJ
+$4.04M

Top Sells

Rank Stock Value
1
CMG icon
Chipotle Mexican Grill
CMG
+$175M
2
CF icon
CF Industries
CF
+$139M
3
TWTR
Twitter, Inc.
TWTR
+$105M
4
CHTR icon
Charter Communications
CHTR
+$91.6M
5
PXD
Pioneer Natural Resource Co.
PXD
+$71.9M

Sector Composition

Rank Sector Weight
1 Materials 42.64%
2 Communication Services 31.7%
3 Healthcare 13.65%
4 Financials 8.2%
5 Energy 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RSPP
26
DELISTED
RSP Permian, Inc.
RSPP
– –
-780,000
Closed -$34.3M
1
2

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David Greenspan's Q3 2018 Portfolio in Review

As of Q3 2018, David Greenspan held 26 positions worth $745M, down 44% from $1.32B the previous quarter. Its ten largest holdings account for 96% of the portfolio.

David Greenspan withdrew a net $572M in Q3 2018, closing 8 positions and reducing 5 holdings. Its most notable exit was Chipotle Mexican Grill, an estimated $175M position sold in full.

By sector, the portfolio is most concentrated in Materials at 43% of assets, up from 32% a quarter earlier, followed by Communication Services and Healthcare.

Against the trend, David Greenspan opened a new position in Snap worth $73.4M.

  • David Greenspan's largest Q3 2018 buy was Snap: 8,660,000 shares worth $73.4M.
  • David Greenspan added most to The Mosaic Company in Q3 2018, an estimated $21.2M increase.
  • David Greenspan's biggest Q3 2018 reduction was CF Industries, cutting an estimated $139M.
  • David Greenspan fully exited Chipotle Mexican Grill in Q3 2018, selling an estimated $175M.
  • David Greenspan's ten largest holdings make up 96% of its $745M portfolio in Q3 2018.
  • David Greenspan opened 7 new positions and closed 8 in Q3 2018.
  • David Greenspan's portfolio value fell 44% quarter-over-quarter to $745M.

Based on Slate Path Capital's 13F filing for Q3 2018, filed 14 Nov 2018.