David Greenspan Slate Path Capital
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.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
New York Times
NYT
|
+$40.9M |
| 2 |
The Mosaic Company
MOS
|
+$27.8M |
| 3 |
Pan American Silver
PAAS
|
+$24.9M |
| 4 |
I
INTELSAT S. A.
I
|
+$23.2M |
| 5 |
Zillow
Z
|
+$10.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ally Financial
ALLY
|
+$71.6M |
| 2 |
Snap
SNAP
|
+$71.6M |
| 3 |
B
Barrick Mining
B
|
+$46.2M |
| 4 |
Lyft
LYFT
|
+$40.4M |
| 5 |
Uber
UBER
|
+$37.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 45.29% |
| 2 | Materials | 21.86% |
| 3 | Healthcare | 17.35% |
| 4 | Industrials | 13.59% |
| 5 | Consumer Discretionary | 0.32% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
First Majestic Silver
AG
$10.4B
| $1.54M | 0.1% |
170,000
| – | – |
|
|
SDRL
27
DELISTED
Seadrill Limited Common Stock
SDRL
| $819K | 0.05% |
390,000
| – | – |
|
|
MDR
28
DELISTED
McDermott International
MDR
| $586K | 0.04% |
+290,000
| New | +$1.78M |
|
|
X
29
DELISTED
US Steel
X
| $462K | 0.03% |
40,000
-170,000
| -81% | -$2.19M |
|
|
30
Ally Financial
ALLY
$13.1B
| – | – |
-2,310,000
| Closed | -$71.6M |
|
31
CF Industries
CF
$19.6B
| – | – |
-101,000
| Closed | -$4.72M |
|
32
Corteva
CTVA
$54.6B
| – | – |
-110,000
| Closed | -$3.25M |
|
33
VanEck Gold Miners ETF
GDX
$31.8B
| – | – |
-1,000,000
| Closed | -$25.6M |
|
34
Green Plains
GPRE
$1.14B
| – | – |
-282,000
| Closed | -$3.04M |
|
|
35
Lyft
LYFT
$6.61B
| – | – |
-615,000
| Closed | -$40.4M |
|
36
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| – | – |
-2,000,000
| Closed | -$586M |
|
|
37
Uber
UBER
$161B
| – | – |
-810,000
| Closed | -$37.6M |
|
38
Wheaton Precious Metals
WPM
$71.7B
| – | – |
-155,000
| Closed | -$3.75M |
|
Similar funds
David Greenspan's Q3 2019 Portfolio in Review
As of Q3 2019, David Greenspan held 38 positions worth $1.51B, down 32% from $2.23B the previous quarter. Its ten largest holdings account for 90% of the portfolio.
David Greenspan withdrew a net $741M in Q3 2019, closing 9 positions and reducing 6 holdings. Its most notable exit was Ally Financial, an estimated $71.6M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 45% of assets, up from 33% a quarter earlier, followed by Materials and Healthcare.
Against the trend, David Greenspan opened a new position in INTELSAT S. A. worth $25.1M.
- David Greenspan's largest Q3 2019 buy was INTELSAT S. A.: 1,100,000 shares worth $25.1M.
- David Greenspan added most to New York Times in Q3 2019, an estimated $40.9M increase.
- David Greenspan's biggest Q3 2019 reduction was Snap, cutting an estimated $71.6M.
- David Greenspan fully exited Ally Financial in Q3 2019, selling an estimated $71.6M.
- David Greenspan's ten largest holdings make up 90% of its $1.51B portfolio in Q3 2019.
- David Greenspan opened 8 new positions and closed 9 in Q3 2019.
- David Greenspan's portfolio value fell 32% quarter-over-quarter to $1.51B.
Based on Slate Path Capital's 13F filing for Q3 2019, filed 14 Nov 2019.