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 |
KraneShares CSI China Internet ETF
KWEB
|
+$121M |
| 2 |
Seagate
STX
|
+$116M |
| 3 |
Teva Pharmaceuticals
TEVA
|
+$106M |
| 4 |
Cleveland-Cliffs
CLF
|
+$106M |
| 5 |
Western Digital
WDC
|
+$98.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Advanced Micro Devices
AMD
|
+$88.3M |
| 2 |
FYBR
Frontier Communications
FYBR
|
+$49.6M |
| 3 |
Noble Corp
NE
|
+$44M |
| 4 |
Opendoor
OPEN
|
+$43.1M |
| 5 |
Warner Music
WMG
|
+$42M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 22.3% |
| 2 | Materials | 19.09% |
| 3 | Energy | 17.74% |
| 4 | Healthcare | 12.99% |
| 5 | Industrials | 8.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
51
Advanced Micro Devices
AMD
$773B
| – | – |
-775,000
| Closed | -$88.3M |
|
|
52
Noble Corp
NE
$7.39B
| – | – |
-1,064,000
| Closed | -$44M |
|
|
P
53
Everpure Inc
P
$36.1B
| – | – |
-225,000
| Closed | -$8.28M |
|
54
Peloton Interactive
PTON
$2.37B
| – | – |
-1,980,000
| Closed | -$15.2M |
|
55
Snap
SNAP
$8.86B
| – | – |
-1,460,000
| Closed | -$17.3M |
|
|
56
Warner Music
WMG
$14.2B
| – | – |
-1,609,779
| Closed | -$42M |
|
|
BRDS.WS
57
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
| – | – |
-120,000
| Closed | -$2.45K |
|
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David Greenspan's Q3 2023 Portfolio in Review
As of Q3 2023, David Greenspan held 57 positions worth $3.59B, up 31% from $2.73B the previous quarter. Its ten largest holdings account for 54% of the portfolio.
David Greenspan deployed $696M of net new capital in Q3 2023, opening 8 new positions and adding to 17 existing holdings. Its largest new stake was KraneShares CSI China Internet ETF: 4,259,000 shares worth $117M.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 22% a quarter earlier, followed by Materials and Energy.
On the sell side, the largest reduction was Frontier Communications, an estimated $49.6M trimmed.
- David Greenspan's largest Q3 2023 buy was KraneShares CSI China Internet ETF: 4,259,000 shares worth $117M.
- David Greenspan added most to Seagate in Q3 2023, an estimated $116M increase.
- David Greenspan's biggest Q3 2023 reduction was Frontier Communications, cutting an estimated $49.6M.
- David Greenspan fully exited Advanced Micro Devices in Q3 2023, selling an estimated $88.3M.
- David Greenspan's ten largest holdings make up 54% of its $3.59B portfolio in Q3 2023.
- David Greenspan opened 8 new positions and closed 7 in Q3 2023.
- David Greenspan's portfolio value rose 31% quarter-over-quarter to $3.59B.
Based on Slate Path Capital's 13F filing for Q3 2023, filed 14 Nov 2023.