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DG

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
-2.36%
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
$1.91B
AUM Growth
-$283M
Cap. Flow
-$106M
Cap. Flow %
-5.54%
Top 10 Hldgs %
64.29%
Holding
48
New
8
Increased
7
Reduced
6
Closed
8

Top Buys

Rank Stock Value
1
IVVD icon
Invivyd
IVVD
+$97.1M
2
PRM icon
Perimeter Solutions
PRM
+$75.9M
3
COIN icon
Coinbase
COIN
+$65.4M
4
NYT icon
New York Times
NYT
+$40.3M
5
SFIX
Stitch Fix
SFIX
+$37.2M

Top Sells

Rank Stock Value
1
VTRS icon
Viatris
VTRS
+$160M
2
CHTR icon
Charter Communications
CHTR
+$100M
3
GDX icon
VanEck Gold Miners ETF
GDX
+$85.5M
4
RTPYU
Reinvent Technology Partners Y Unit
RTPYU
+$35.4M
5
JOBY icon
Joby Aviation
JOBY
+$35.2M

Sector Composition

Rank Sector Weight
1 Communication Services 26.99%
2 Energy 25.49%
3 Materials 19.23%
4 Financials 7%
5 Real Estate 5.96%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CYCN icon
26
Cyclerion Therapeutics
CYCN
$18.2M
$12.3M 0.65%
357,880
– –
CLF icon
27
Cleveland-Cliffs
CLF
$6.43B
$10.6M 0.55%
485,000
+150,000
+45% +$3.23M
GLHAU
28
DELISTED
Glass Houses Acquisition Corp. Unit
GLHAU
$9.98M 0.52%
1,000,000
– –
BLUA.U
29
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
$5.92M 0.31%
600,000
– –
PHICU
30
DELISTED
Population Health Investment Co., Inc. Unit
PHICU
$5M 0.26%
500,000
– –
FVAM
31
DELISTED
5:01 Acquisition Corp
FVAM
$4.92M 0.26%
500,000
– –
NEXI
32
DELISTED
NexImmune, Inc. Common Stock
NEXI
$4.26M 0.22%
37,000
– –
RNLX
33
DELISTED
Renalytix plc American Depositary Shares
RNLX
$2.79M 0.15%
+175,214
New +$3.51M
AUROW
34
Aurora Innovation Warrant
AUROW
$246M
$1.36M 0.07%
+437,500
New +$1.18M
IAG icon
35
IAMGOLD
IAG
$12.1B
$1.1M 0.06%
350,000
– –
KGC icon
36
Kinross Gold
KGC
$38.9B
$1.05M 0.05%
180,000
– –
BHIL.WS
37
DELISTED
Benson Hill, Inc. Warrants, each whole warrant exercisable for one share of common stock at an exercise price of $11.50
BHIL.WS
$308K 0.02%
250,000
– –
LMACW
38
DELISTED
Liberty Media Acquisition Corporation Warrants
LMACW
$175K 0.01%
100,000
– –
HIPO.WS
39
DELISTED
Hippo Holdings Inc. Redeemable warrants, each whole warrant exercisable for one twenty-fifth (1/25) share of Common Stock at an exercise price of $287.50 per full share
HIPO.WS
$167K 0.01%
350,000
– –
BRDS.WS
40
DELISTED
Bird Global, Inc. Warrants each whole warrant exercisable to purchase 1/25th of a share of Class A Common Stock at an exercise price of $287.50 per share
BRDS.WS
$124K 0.01%
+120,000
New +$177K
CRC icon
41
California Resources
CRC
$4.73B
– –
-690,000
Closed -$28.3M
HIPO icon
42
Hippo Holdings
HIPO
$874M
– –
-40,000
Closed -$4.68M
JOBY icon
43
Joby Aviation
JOBY
$7.45B
– –
-3,500,000
Closed -$35.2M
SM icon
44
SM Energy
SM
$8.85B
– –
-1,180,000
Closed -$31.1M
VTRS icon
45
Viatris
VTRS
$18.7B
– –
-11,835,000
Closed -$160M
RTPYU
46
DELISTED
Reinvent Technology Partners Y Unit
RTPYU
– –
-3,500,000
Closed -$35.4M
SWBK.WS
47
DELISTED
Switchback II Corporation Warrants, exercisable for one share of Class A Ordinary Share
SWBK.WS
– –
-120,000
Closed -$166K
SWBK
48
DELISTED
Switchback II Corporation
SWBK
– –
-599,899
Closed -$5.97M
1
2

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David Greenspan's Q4 2021 Portfolio in Review

As of Q4 2021, David Greenspan held 48 positions worth $1.91B, down 13% from $2.19B the previous quarter. Its ten largest holdings account for 64% of the portfolio.

David Greenspan withdrew a net $106M in Q4 2021, closing 8 positions and reducing 6 holdings. Its most notable exit was Viatris, an estimated $160M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 27% of assets, down from 28% a quarter earlier, followed by Energy and Materials.

Against the trend, David Greenspan opened a new position in Invivyd worth $27.1M.

  • David Greenspan's largest Q4 2021 buy was Invivyd: 3,735,000 shares worth $27.1M.
  • David Greenspan added most to Coinbase in Q4 2021, an estimated $65.4M increase.
  • David Greenspan's biggest Q4 2021 reduction was Charter Communications, cutting an estimated $100M.
  • David Greenspan fully exited Viatris in Q4 2021, selling an estimated $160M.
  • David Greenspan's ten largest holdings make up 64% of its $1.91B portfolio in Q4 2021.
  • David Greenspan opened 8 new positions and closed 8 in Q4 2021.
  • David Greenspan's portfolio value fell 13% quarter-over-quarter to $1.91B.

Based on Slate Path Capital's 13F filing for Q4 2021, filed 14 Feb 2022.