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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
-4.09%
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
-$63.7M
Cap. Flow
+$57.7M
Cap. Flow %
3.75%
Top 10 Hldgs %
64.34%
Holding
56
New
8
Increased
10
Reduced
6
Closed
6

Top Buys

Rank Stock Value
1
TECK icon
Teck Resources
TECK
+$84.9M
2
GDX icon
VanEck Gold Miners ETF
GDX
+$68.3M
3
X
US Steel
X
+$44.2M
4
GDXJ icon
VanEck Junior Gold Miners ETF
GDXJ
+$23M
5
SNAP icon
Snap
SNAP
+$19.3M

Top Sells

Rank Stock Value
1
EXE
Expand Energy Corp
EXE
+$57.2M
2
LNG icon
Cheniere Energy
LNG
+$48.2M
3
EQT icon
EQT Corp
EQT
+$46.7M
4
NOV icon
NOV
NOV
+$28.9M
5
AR icon
Antero Resources
AR
+$26.8M

Sector Composition

Rank Sector Weight
1 Communication Services 22.96%
2 Energy 22.29%
3 Materials 19.72%
4 Industrials 5.23%
5 Real Estate 4.55%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CRC icon
51
California Resources
CRC
$4.73B
– –
-460,859
Closed -$17.7M
LNG icon
52
Cheniere Energy
LNG
$57.3B
– –
-362,000
Closed -$48.2M
PAGS icon
53
PagSeguro Digital
PAGS
$2.38B
– –
-780,000
Closed -$7.99M
SFIX
54
Stitch Fix
SFIX
$446M
– –
-3,432,056
Closed -$17M
VAL icon
55
Valaris
VAL
$6.09B
– –
-29,000
Closed -$1.23M
LMACW
56
DELISTED
Liberty Media Acquisition Corporation Warrants
LMACW
$0 ﹤0.01%
100,000
– –
1 2
3

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David Greenspan's Q3 2022 Portfolio in Review

As of Q3 2022, David Greenspan held 56 positions worth $1.54B, down 4% from $1.6B the previous quarter. Its ten largest holdings account for 64% of the portfolio.

David Greenspan deployed $57.7M of net new capital in Q3 2022, opening 8 new positions and adding to 10 existing holdings. Its largest new stake was Teck Resources: 2,750,000 shares worth $83.6M.

By sector, the portfolio is most concentrated in Communication Services at 23% of assets, down from 23% a quarter earlier, followed by Energy and Materials.

On the sell side, the largest reduction was Expand Energy Corp, an estimated $57.2M trimmed.

  • David Greenspan's largest Q3 2022 buy was Teck Resources: 2,750,000 shares worth $83.6M.
  • David Greenspan added most to VanEck Gold Miners ETF in Q3 2022, an estimated $68.3M increase.
  • David Greenspan's biggest Q3 2022 reduction was Expand Energy Corp, cutting an estimated $57.2M.
  • David Greenspan fully exited Cheniere Energy in Q3 2022, selling an estimated $48.2M.
  • David Greenspan's ten largest holdings make up 64% of its $1.54B portfolio in Q3 2022.
  • David Greenspan opened 8 new positions and closed 6 in Q3 2022.
  • David Greenspan's portfolio value fell 4% quarter-over-quarter to $1.54B.

Based on Slate Path Capital's 13F filing for Q3 2022, filed 14 Nov 2022.