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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
+6.39%
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
$1.54B
AUM Growth
-$306M
Cap. Flow
-$352M
Cap. Flow %
-22.84%
Top 10 Hldgs %
77.43%
Holding
41
New
11
Increased
4
Reduced
7
Closed
5

Top Buys

Rank Stock Value
1
EXE
Expand Energy Corp
EXE
+$55.8M
2
RTPYU
Reinvent Technology Partners Y Unit
RTPYU
+$35.2M
3
LNG icon
Cheniere Energy
LNG
+$28.7M
4
X
US Steel
X
+$27.8M
5
CHTR icon
Charter Communications
CHTR
+$26.9M

Top Sells

Rank Stock Value
1
SFIX
Stitch Fix
SFIX
+$143M
2
MP icon
MP Materials
MP
+$129M
3
NYT icon
New York Times
NYT
+$118M
4
FCX icon
Freeport-McMoran
FCX
+$83.2M
5
MOS icon
The Mosaic Company
MOS
+$50.9M

Sector Composition

Rank Sector Weight
1 Communication Services 32.27%
2 Materials 29.58%
3 Energy 15.48%
4 Healthcare 15.07%
5 Consumer Discretionary 1.04%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TRQ
26
DELISTED
Turquoise Hill Resources Ltd
TRQ
$9.81M 0.64%
+610,000
New +$8.64M
CRC icon
27
California Resources
CRC
$4.73B
$8.66M 0.56%
360,000
– –
CLF icon
28
Cleveland-Cliffs
CLF
$6.43B
$8.04M 0.52%
400,000
-100,000
-20% -$1.63M
SWBK.U
29
DELISTED
Switchback II Corporation Units, each consisting of one Class A ordinary share and one fifth of one
SWBK.U
$6.11M 0.4%
+600,000
New +$6.93M
BLUA.U
30
DELISTED
BlueRiver Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-third of a redeemable Warrant to acquire one Class A ordinary shares
BLUA.U
$5.98M 0.39%
+600,000
New +$6.15M
LMACU
31
DELISTED
Liberty Media Acquisition Corporation Unit
LMACU
$5.36M 0.35%
+500,000
New +$6.1M
PHICU
32
DELISTED
Population Health Investment Co., Inc. Unit
PHICU
$5.03M 0.33%
500,000
– –
FVAM
33
DELISTED
5:01 Acquisition Corp
FVAM
$4.99M 0.32%
500,000
– –
NKLA
34
DELISTED
Nikola Corporation Common Stock
NKLA
$4.65M 0.3%
+11,167
New +$6.36M
KGC icon
35
Kinross Gold
KGC
$38.9B
$1.2M 0.08%
180,000
– –
IAG icon
36
IAMGOLD
IAG
$12.1B
$1.04M 0.07%
350,000
– –
EAF icon
37
GrafTech
EAF
$178M
– –
-43,500
Closed -$4.64M
EEM icon
38
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
– –
-61,000
Closed -$3.15M
B
39
Barrick Mining
B
$78.3B
– –
-1,643,000
Closed -$37.4M
LX
40
LexinFintech Holdings
LX
$219M
– –
-595,000
Closed -$3.99M
MP icon
41
MP Materials
MP
$10.7B
– –
-4,000,000
Closed -$129M
1
2

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David Greenspan's Q1 2021 Portfolio in Review

As of Q1 2021, David Greenspan held 41 positions worth $1.54B, down 17% from $1.85B the previous quarter. Its ten largest holdings account for 77% of the portfolio.

David Greenspan withdrew a net $352M in Q1 2021, closing 5 positions and reducing 7 holdings. Its most notable exit was MP Materials, an estimated $129M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 32% of assets, down from 37% a quarter earlier, followed by Materials and Energy.

Against the trend, David Greenspan opened a new position in Expand Energy Corp worth $54.9M.

  • David Greenspan's largest Q1 2021 buy was Expand Energy Corp: 1,265,000 shares worth $54.9M.
  • David Greenspan added most to Cheniere Energy in Q1 2021, an estimated $28.7M increase.
  • David Greenspan's biggest Q1 2021 reduction was Stitch Fix, cutting an estimated $143M.
  • David Greenspan fully exited MP Materials in Q1 2021, selling an estimated $129M.
  • David Greenspan's ten largest holdings make up 77% of its $1.54B portfolio in Q1 2021.
  • David Greenspan opened 11 new positions and closed 5 in Q1 2021.
  • David Greenspan's portfolio value fell 17% quarter-over-quarter to $1.54B.

Based on Slate Path Capital's 13F filing for Q1 2021, filed 17 May 2021.