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 |
MP Materials
MP
|
+$71M |
| 2 |
Cheniere Energy
LNG
|
+$53.1M |
| 3 |
Viatris
VTRS
|
+$26.7M |
| 4 |
RTPZ.U
Reinvent Technology Partners Z Units, each consisting of one Class A ordinary share and one-fifth o
RTPZ.U
|
+$19.7M |
| 5 |
New York Times
NYT
|
+$15.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Snap
SNAP
|
+$114M |
| 2 |
B
Barrick Mining
B
|
+$95M |
| 3 |
Zillow
Z
|
+$78.5M |
| 4 |
Kirby Corp
KEX
|
+$46.9M |
| 5 |
Freeport-McMoran
FCX
|
+$36.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 36.62% |
| 2 | Materials | 33.18% |
| 3 | Healthcare | 15.06% |
| 4 | Consumer Discretionary | 7.19% |
| 5 | Energy | 5.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
LX
26
LexinFintech Holdings
LX
$219M
| $3.99M | 0.22% |
595,000
| – | – |
|
27
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $3.15M | 0.17% |
61,000
| – | – |
|
28
Cameco
CCJ
$44.6B
| $2.28M | 0.12% |
170,000
| – | – |
|
29
Kinross Gold
KGC
$38.9B
| $1.32M | 0.07% |
180,000
| – | – |
|
30
IAMGOLD
IAG
$12.1B
| $1.28M | 0.07% |
350,000
| – | – |
|
31
Alnylam Pharmaceuticals
ALNY
$31.6B
| – | – |
-213,000
| Closed | -$31M |
|
32
CNX Resources
CNX
$5.38B
| – | – |
-500,000
| Closed | -$4.72M |
|
33
Green Plains
GPRE
$1.14B
| – | – |
-475,000
| Closed | -$7.35M |
|
|
34
Kirby Corp
KEX
$7.39B
| – | – |
-1,296,000
| Closed | -$46.9M |
|
35
Transocean
RIG
$6.61B
| – | – |
-2,070,000
| Closed | -$1.67M |
|
|
36
Snap
SNAP
$8.86B
| – | – |
-4,365,000
| Closed | -$114M |
|
|
37
Zillow
Z
$8.07B
| – | – |
-773,000
| Closed | -$78.5M |
|
Similar funds
David Greenspan's Q4 2020 Portfolio in Review
As of Q4 2020, David Greenspan held 37 positions worth $1.85B, up 5.1% from $1.76B the previous quarter. Its ten largest holdings account for 86% of the portfolio.
David Greenspan withdrew a net $273M in Q4 2020, closing 7 positions and reducing 7 holdings. Its most notable exit was Snap, an estimated $114M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 37% of assets, down from 44% a quarter earlier, followed by Materials and Healthcare.
Against the trend, David Greenspan opened a new position in Cheniere Energy worth $59.4M.
- David Greenspan's largest Q4 2020 buy was Cheniere Energy: 990,000 shares worth $59.4M.
- David Greenspan added most to MP Materials in Q4 2020, an estimated $71M increase.
- David Greenspan's biggest Q4 2020 reduction was Barrick Mining, cutting an estimated $95M.
- David Greenspan fully exited Snap in Q4 2020, selling an estimated $114M.
- David Greenspan's ten largest holdings make up 86% of its $1.85B portfolio in Q4 2020.
- David Greenspan opened 11 new positions and closed 7 in Q4 2020.
- David Greenspan's portfolio value rose 5.1% quarter-over-quarter to $1.85B.
Based on Slate Path Capital's 13F filing for Q4 2020, filed 16 Feb 2021.