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 |
Warner Music
WMG
|
+$156M |
| 2 |
VanEck Junior Gold Miners ETF
GDXJ
|
+$29M |
| 3 |
EQT Corp
EQT
|
+$21.9M |
| 4 |
NOV
NOV
|
+$20.2M |
| 5 |
Baker Hughes
BKR
|
+$17.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
B
Barrick Mining
B
|
+$98.1M |
| 2 |
Snap
SNAP
|
+$88.9M |
| 3 |
Bausch Health
BHC
|
+$65.8M |
| 4 |
New York Times
NYT
|
+$28.7M |
| 5 |
Charter Communications
CHTR
|
+$19.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 41.5% |
| 2 | Materials | 28.72% |
| 3 | Healthcare | 18.42% |
| 4 | Energy | 4.81% |
| 5 | Industrials | 4.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
Transocean
RIG
$6.61B
| $3.79M | 0.22% |
2,070,000
+1,600,000
| +340% | +$2.49M |
|
|
APRN
27
DELISTED
Blue Apron Holdings, Inc. Class A Common Stock
APRN
| $3.29M | 0.19% |
24,750
| – | – |
|
28
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $2.44M | 0.14% |
61,000
-272,000
| -82% | -$10.2M |
|
|
GPOR
29
DELISTED
Gulfport Energy Corp.
GPOR
| $2.03M | 0.12% |
+1,860,000
| New | +$2.77M |
|
30
Cameco
CCJ
$44.6B
| $1.74M | 0.1% |
+170,000
| New | +$1.7M |
|
|
MR
31
DELISTED
Montage Resources Corporation Common Stock
MR
| $1.46M | 0.09% |
+370,000
| New | +$1.89M |
|
32
IAMGOLD
IAG
$12.1B
| $1.38M | 0.08% |
+350,000
| New | +$1.2M |
|
33
Kinross Gold
KGC
$38.9B
| $1.3M | 0.08% |
+180,000
| New | +$1.17M |
|
|
34
Bausch Health
BHC
$2.41B
| – | – |
-4,245,000
| Closed | -$65.8M |
|
|
LX
35
LexinFintech Holdings
LX
$219M
| – | – |
-440,000
| Closed | -$3.9M |
|
36
uniQure
QURE
$3.36B
| – | – |
-140,000
| Closed | -$6.64M |
|
37
Wayfair
W
$13.9B
| – | – |
-70,000
| Closed | -$3.74M |
|
|
ENDP
38
DELISTED
Endo International plc
ENDP
| – | – |
-3,380,000
| Closed | -$12.5M |
|
|
I
39
DELISTED
INTELSAT S. A.
I
| – | – |
-1,100,000
| Closed | -$1.68M |
|
|
ARCH
40
DELISTED
Arch Resources, Inc.
ARCH
| – | – |
-18,000
| Closed | -$520K |
|
Similar funds
David Greenspan's Q2 2020 Portfolio in Review
As of Q2 2020, David Greenspan held 40 positions worth $1.7B, up 30% from $1.3B the previous quarter. Its ten largest holdings account for 79% of the portfolio.
David Greenspan withdrew a net $74.9M in Q2 2020, closing 7 positions and reducing 9 holdings. Its most notable exit was Bausch Health, an estimated $65.8M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 41% of assets, up from 38% a quarter earlier, followed by Materials and Healthcare.
Against the trend, David Greenspan opened a new position in Warner Music worth $148M.
- David Greenspan's largest Q2 2020 buy was Warner Music: 5,000,000 shares worth $148M.
- David Greenspan added most to The Mosaic Company in Q2 2020, an estimated $15.7M increase.
- David Greenspan's biggest Q2 2020 reduction was Barrick Mining, cutting an estimated $98.1M.
- David Greenspan fully exited Bausch Health in Q2 2020, selling an estimated $65.8M.
- David Greenspan's ten largest holdings make up 79% of its $1.7B portfolio in Q2 2020.
- David Greenspan opened 14 new positions and closed 7 in Q2 2020.
- David Greenspan's portfolio value rose 30% quarter-over-quarter to $1.7B.
Based on Slate Path Capital's 13F filing for Q2 2020, filed 14 Aug 2020.