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 |
LBRDK
Liberty Broadband Class C
LBRDK
|
+$71.5M |
| 2 |
SFIX
Stitch Fix
SFIX
|
+$65.9M |
| 3 |
VAPO
Vapotherm, Inc. Common Stock
VAPO
|
+$44M |
| 4 |
Cyclerion Therapeutics
CYCN
|
+$28.6M |
| 5 |
Cue Biopharma
CUE
|
+$11.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Zillow
Z
|
+$98.2M |
| 2 |
Alnylam Pharmaceuticals
ALNY
|
+$52.7M |
| 3 |
VanEck Junior Gold Miners ETF
GDXJ
|
+$34M |
| 4 |
Ironwood Pharmaceuticals
IRWD
|
+$27.2M |
| 5 |
B
Barrick Mining
B
|
+$23.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 44.32% |
| 2 | Materials | 32.41% |
| 3 | Healthcare | 15.8% |
| 4 | Consumer Discretionary | 3.96% |
| 5 | Industrials | 2.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
IAMGOLD
IAG
$12.1B
| $1.34M | 0.08% |
350,000
| – | – |
|
27
Atara Biotherapeutics
ATRA
$97.4M
| – | – |
-16,800
| Closed | -$6.12M |
|
28
Baker Hughes
BKR
$61.9B
| – | – |
-1,175,000
| Closed | -$18.1M |
|
29
EQT Corp
EQT
$33.6B
| – | – |
-1,670,000
| Closed | -$19.9M |
|
|
30
VanEck Junior Gold Miners ETF
GDXJ
$9.69B
| – | – |
-685,000
| Closed | -$34M |
|
|
31
Ironwood Pharmaceuticals
IRWD
$709M
| – | – |
-2,640,000
| Closed | -$27.2M |
|
32
NOV
NOV
$7.28B
| – | – |
-1,645,000
| Closed | -$20.2M |
|
33
Range Resources
RRC
$9.59B
| – | – |
-1,200,000
| Closed | -$6.76M |
|
34
Zillow
ZG
$8.27B
| – | – |
-185,000
| Closed | -$10.6M |
|
|
SWN
35
DELISTED
Southwestern Energy Company
SWN
| – | – |
-2,100,000
| Closed | -$5.38M |
|
|
APRN
36
DELISTED
Blue Apron Holdings, Inc. Class A Common Stock
APRN
| – | – |
-24,750
| Closed | -$3.29M |
|
|
GPOR
37
DELISTED
Gulfport Energy Corp.
GPOR
| – | – |
-1,860,000
| Closed | -$2.03M |
|
|
MR
38
DELISTED
Montage Resources Corporation Common Stock
MR
| – | – |
-370,000
| Closed | -$1.46M |
|
Similar funds
David Greenspan's Q3 2020 Portfolio in Review
As of Q3 2020, David Greenspan held 38 positions worth $1.76B, up 3.7% from $1.7B the previous quarter. Its ten largest holdings account for 80% of the portfolio.
David Greenspan withdrew a net $89.5M in Q3 2020, closing 12 positions and reducing 4 holdings. Its most notable exit was VanEck Junior Gold Miners ETF, an estimated $34M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 44% of assets, up from 41% a quarter earlier, followed by Materials and Healthcare.
Against the trend, David Greenspan opened a new position in Liberty Broadband Class C worth $74.3M.
- David Greenspan's largest Q3 2020 buy was Liberty Broadband Class C: 520,000 shares worth $74.3M.
- David Greenspan added most to Cyclerion Therapeutics in Q3 2020, an estimated $28.6M increase.
- David Greenspan's biggest Q3 2020 reduction was Zillow, cutting an estimated $98.2M.
- David Greenspan fully exited VanEck Junior Gold Miners ETF in Q3 2020, selling an estimated $34M.
- David Greenspan's ten largest holdings make up 80% of its $1.76B portfolio in Q3 2020.
- David Greenspan opened 5 new positions and closed 12 in Q3 2020.
- David Greenspan's portfolio value rose 3.7% quarter-over-quarter to $1.76B.
Based on Slate Path Capital's 13F filing for Q3 2020, filed 16 Nov 2020.