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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
-22.42%
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
$1.6B
AUM Growth
-$352M
Cap. Flow
+$184M
Cap. Flow %
11.49%
Top 10 Hldgs %
58.81%
Holding
50
New
7
Increased
5
Reduced
7
Closed
2

Top Buys

Rank Stock Value
1
GDX icon
VanEck Gold Miners ETF
GDX
+$155M
2
FERG icon
Ferguson
FERG
+$87.2M
3
SNAP icon
Snap
SNAP
+$43.6M
4
GDXJ icon
VanEck Junior Gold Miners ETF
GDXJ
+$35M
5
EQT icon
EQT Corp
EQT
+$14.6M

Top Sells

Rank Stock Value
1
OVV icon
Ovintiv
OVV
+$50.6M
2
LNG icon
Cheniere Energy
LNG
+$50.5M
3
EXE
Expand Energy Corp
EXE
+$47M
4
NOV icon
NOV
NOV
+$11.8M
5
RIG icon
Transocean
RIG
+$10.9M

Sector Composition

Rank Sector Weight
1 Energy 32.7%
2 Communication Services 23.22%
3 Materials 12.61%
4 Real Estate 7.39%
5 Industrials 4.98%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IVVD icon
26
Invivyd
IVVD
$294M
$12.3M 0.77%
3,735,000
– –
PDCE
27
DELISTED
PDC Energy, Inc.
PDCE
$10.5M 0.65%
+170,000
New +$12.3M
GLHAU
28
DELISTED
Glass Houses Acquisition Corp. Unit
GLHAU
$9.8M 0.61%
1,000,000
– –
PAGS icon
29
PagSeguro Digital
PAGS
$2.38B
$7.99M 0.5%
780,000
-745,000
-49% -$10.7M
CLF icon
30
Cleveland-Cliffs
CLF
$6.43B
$7.45M 0.47%
485,000
– –
RIVN icon
31
Rivian
RIVN
$24.6B
$6.18M 0.39%
+240,000
New +$7.5M
BLUA.U
32
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
$5.91M 0.37%
600,000
– –
FVAM
33
DELISTED
5:01 Acquisition Corp
FVAM
$4.95M 0.31%
500,000
– –
PHICU
34
DELISTED
Population Health Investment Co., Inc. Unit
PHICU
$4.95M 0.31%
500,000
– –
CYCN icon
35
Cyclerion Therapeutics
CYCN
$18.2M
$3.93M 0.25%
357,880
– –
CUE icon
36
Cue Biopharma
CUE
$174M
$3.69M 0.23%
49,454
– –
EIGR
37
DELISTED
Eiger BioPharmaceuticals, Inc.
EIGR
$1.61M 0.1%
8,500
– –
NEXI
38
DELISTED
NexImmune, Inc. Common Stock
NEXI
$1.49M 0.09%
37,000
– –
VAL icon
39
Valaris
VAL
$6.09B
$1.23M 0.08%
+29,000
New +$1.56M
PLG
40
Platinum Group Metals
PLG
$210M
$1.19M 0.07%
+900,000
New +$1.55M
KGC icon
41
Kinross Gold
KGC
$38.9B
$644K 0.04%
180,000
– –
IAG icon
42
IAMGOLD
IAG
$12.1B
$564K 0.04%
350,000
– –
RNLX
43
DELISTED
Renalytix plc American Depositary Shares
RNLX
$429K 0.03%
175,214
– –
AUROW
44
Aurora Innovation Warrant
AUROW
$246M
$175K 0.01%
437,500
– –
BHIL.WS
45
DELISTED
Benson Hill, Inc. Warrants, each whole warrant exercisable for one share of common stock at an exercise price of $11.50
BHIL.WS
$118K 0.01%
250,000
– –
HIPO.WS
46
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
$67K ﹤0.01%
350,000
– –
LMACW
47
DELISTED
Liberty Media Acquisition Corporation Warrants
LMACW
$50K ﹤0.01%
100,000
– –
BRDS.WS
48
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
$7K ﹤0.01%
120,000
– –
OVV icon
49
Ovintiv
OVV
$18.5B
– –
-935,000
Closed -$50.6M
STNE icon
50
StoneCo
STNE
$2.16B
– –
-745,000
Closed -$8.72M
1
2

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David Greenspan's Q2 2022 Portfolio in Review

As of Q2 2022, David Greenspan held 50 positions worth $1.6B, down 18% from $1.95B the previous quarter. Its ten largest holdings account for 59% of the portfolio.

David Greenspan deployed $184M of net new capital in Q2 2022, opening 7 new positions and adding to 5 existing holdings. Its largest new stake was VanEck Gold Miners ETF: 4,600,000 shares worth $126M.

By sector, the portfolio is most concentrated in Energy at 33% of assets, down from 37% a quarter earlier, followed by Communication Services and Materials.

On the sell side, the largest reduction was Cheniere Energy, an estimated $50.5M trimmed.

  • David Greenspan's largest Q2 2022 buy was VanEck Gold Miners ETF: 4,600,000 shares worth $126M.
  • David Greenspan added most to VanEck Junior Gold Miners ETF in Q2 2022, an estimated $35M increase.
  • David Greenspan's biggest Q2 2022 reduction was Cheniere Energy, cutting an estimated $50.5M.
  • David Greenspan fully exited Ovintiv in Q2 2022, selling an estimated $50.6M.
  • David Greenspan's ten largest holdings make up 59% of its $1.6B portfolio in Q2 2022.
  • David Greenspan opened 7 new positions and closed 2 in Q2 2022.
  • David Greenspan's portfolio value fell 18% quarter-over-quarter to $1.6B.

Based on Slate Path Capital's 13F filing for Q2 2022, filed 15 Aug 2022.