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 |
Unity
U
|
+$298M |
| 2 |
SNDK
Sandisk
SNDK
|
+$228M |
| 3 |
Newmont
NEM
|
+$140M |
| 4 |
Twilio
TWLO
|
+$131M |
| 5 |
Akamai
AKAM
|
+$127M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ciena
CIEN
|
+$185M |
| 2 |
Sea Limited
SE
|
+$136M |
| 3 |
American Airlines Group
AAL
|
+$84.4M |
| 4 |
United Airlines
UAL
|
+$82.3M |
| 5 |
Delta Air Lines
DAL
|
+$64.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 41.74% |
| 2 | Materials | 13.03% |
| 3 | Industrials | 10.8% |
| 4 | Communication Services | 10.43% |
| 5 | Consumer Discretionary | 10.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
American Airlines Group
AAL
$9.15B
| $92.2M | 1.67% |
8,738,594
-5,602,400
| -39% | -$84.4M |
|
27
GE Aerospace
GE
$361B
| $87.4M | 1.58% |
436,500
-52,800
| -11% | -$10.4M |
|
|
CFLT
28
DELISTED
Confluent
CFLT
| $83.9M | 1.52% |
+3,580,000
| New | +$104M |
|
29
Alcoa
AA
$13.7B
| $83.4M | 1.51% |
2,735,211
-947,000
| -26% | -$33.2M |
|
|
30
Delta Air Lines
DAL
$54.2B
| $82.4M | 1.49% |
1,889,298
-1,085,847
| -36% | -$64.4M |
|
|
31
United Airlines
UAL
$36.7B
| $78.6M | 1.42% |
1,137,872
-871,956
| -43% | -$82.3M |
|
32
Arrowhead Research
ARWR
$12.3B
| $66.7M | 1.2% |
5,232,000
| – | – |
|
33
Advanced Micro Devices
AMD
$773B
| $62.4M | 1.13% |
+607,500
| New | +$67.5M |
|
34
JD.com
JD
$39.7B
| $58.2M | 1.05% |
1,416,165
-1,271,335
| -47% | -$51M |
|
35
Antero Resources
AR
$11.7B
| $54.6M | 0.99% |
1,350,220
+338,220
| +33% | +$13M |
|
36
Nike
NKE
$60.5B
| $54.4M | 0.98% |
+857,000
| New | +$63.1M |
|
37
StoneCo
STNE
$2.16B
| $51.4M | 0.93% |
4,908,541
-1,758,459
| -26% | -$16.6M |
|
38
KE Holdings
BEKE
$19.6B
| $51M | 0.92% |
2,539,359
-2,362,699
| -48% | -$46.8M |
|
|
B
39
Barrick Mining
B
$78.3B
| $42.1M | 0.76% |
+2,164,000
| New | +$37.9M |
|
|
X
40
DELISTED
US Steel
X
| $41M | 0.74% |
+971,000
| New | +$36.7M |
|
41
iRhythm Holdings
IRTC
$4.24B
| $38.3M | 0.69% |
365,400
-145,100
| -28% | -$15.4M |
|
|
CIVI
42
DELISTED
Civitas Resources
CIVI
| $34.3M | 0.62% |
982,935
-567,000
| -37% | -$25.1M |
|
43
Baidu
BIDU
$31.6B
| $34.2M | 0.62% |
371,300
+156,200
| +73% | +$14M |
|
|
AL
44
DELISTED
Air Lease Corp
AL
| $18.7M | 0.34% |
387,900
| – | – |
|
45
New York Times
NYT
$10.6B
| $17.1M | 0.31% |
345,239
-1,162,761
| -77% | -$58.5M |
|
|
SW
46
Smurfit Westrock
SW
$25.9B
| $11.6M | 0.21% |
257,400
+90,400
| +54% | +$4.58M |
|
47
Nextpower Inc
NXT
$13.1B
| $10.1M | 0.18% |
+238,900
| New | +$10.6M |
|
48
NewAmsterdam Pharma
NAMS
$3.33B
| $6.53M | 0.12% |
319,000
| – | – |
|
49
Standard BioTools
LAB
$263M
| $1.74M | 0.03% |
1,615,000
| – | – |
|
|
AUROW
50
Aurora Innovation Warrant
AUROW
$246M
| $617K | 0.01% |
437,500
| – | – |
|
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David Greenspan's Q1 2025 Portfolio in Review
As of Q1 2025, David Greenspan held 61 positions worth $5.54B, up 0.1% from $5.53B the previous quarter. Its ten largest holdings account for 44% of the portfolio.
David Greenspan deployed $295M of net new capital in Q1 2025, opening 10 new positions and adding to 14 existing holdings. Its largest new stake was Sandisk: 4,594,351 shares worth $219M.
By sector, the portfolio is most concentrated in Technology at 42% of assets, up from 34% a quarter earlier, followed by Materials and Industrials.
On the sell side, the largest reduction was American Airlines Group, an estimated $84.4M trimmed.
- David Greenspan's largest Q1 2025 buy was Sandisk: 4,594,351 shares worth $219M.
- David Greenspan added most to Unity in Q1 2025, an estimated $298M increase.
- David Greenspan's biggest Q1 2025 reduction was American Airlines Group, cutting an estimated $84.4M.
- David Greenspan fully exited Ciena in Q1 2025, selling an estimated $185M.
- David Greenspan's ten largest holdings make up 44% of its $5.54B portfolio in Q1 2025.
- David Greenspan opened 10 new positions and closed 11 in Q1 2025.
- David Greenspan's portfolio value rose 0.1% quarter-over-quarter to $5.54B.
Based on Slate Path Capital's 13F filing for Q1 2025, filed 15 May 2025.