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 |
Intuitive Surgical
ISRG
|
+$105M |
| 2 |
P
Pandora Media Inc
P
|
+$69.6M |
| 3 |
ENDP
Endo International plc
ENDP
|
+$20.3M |
| 4 |
Trip.com Group
TCOM
|
+$11.5M |
| 5 |
Alnylam Pharmaceuticals
ALNY
|
+$10.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VIAB
Viacom Inc. Class B
VIAB
|
+$85.7M |
| 2 |
Alphabet (Google) Class C
GOOG
|
+$51.5M |
| 3 |
Netflix
NFLX
|
+$45.9M |
| 4 |
Enovis
ENOV
|
+$28.1M |
| 5 |
Cheniere Energy
LNG
|
+$26.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 30.32% |
| 2 | Healthcare | 22.55% |
| 3 | Financials | 11.3% |
| 4 | Energy | 8.46% |
| 5 | Consumer Discretionary | 5.5% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $420M | 21.87% |
2,500,000
-800,000
| -24% | -$134M |
|
2
American International
AIG
$39.8B
| $217M | 11.3% |
4,465,000
| – | – |
|
3
Charter Communications
CHTR
$17.9B
| $150M | 7.82% |
1,115,000
| – | – |
|
|
ENDP
4
DELISTED
Endo International plc
ENDP
| $149M | 7.75% |
3,275,000
+505,000
| +18% | +$20.3M |
|
|
5
Netflix
NFLX
$331B
| $121M | 6.28% |
27,300,000
-11,900,000
| -30% | -$45.9M |
|
|
6
Alphabet (Google) Class C
GOOG
$4.18T
| $114M | 5.93% |
5,219,491
-2,328,696
| -31% | -$51.5M |
|
7
SiriusXM
SIRI
$9.67B
| $112M | 5.84% |
2,894,000
-259,000
| -8% | -$9.64M |
|
|
8
Enovis
ENOV
$1.5B
| $104M | 5.41% |
1,069,040
-305,025
| -22% | -$28.1M |
|
|
9
Intuitive Surgical
ISRG
$134B
| $99.7M | 5.19% |
+2,385,000
| New | +$105M |
|
|
10
Cheniere Energy
LNG
$57.3B
| $93.5M | 4.87% |
2,740,000
-890,000
| -25% | -$26.4M |
|
11
Lowe's Companies
LOW
$121B
| $90M | 4.68% |
1,890,000
| – | – |
|
|
P
12
DELISTED
Pandora Media Inc
P
| $85.4M | 4.45% |
+3,400,000
| New | +$69.6M |
|
|
13
Alnylam Pharmaceuticals
ALNY
$31.6B
| $80.7M | 4.2% |
1,260,000
+210,000
| +20% | +$10.5M |
|
14
Phillips 66
PSX
$96.9B
| $59.3M | 3.09% |
1,025,000
| – | – |
|
|
15
Trip.com Group
TCOM
$29B
| $15.6M | 0.81% |
+533,364
| New | +$11.5M |
|
16
PBF Energy
PBF
$8.72B
| $9.77M | 0.51% |
435,000
| – | – |
|
|
VIAB
17
DELISTED
Viacom Inc. Class B
VIAB
| – | – |
-1,260,000
| Closed | -$85.7M |
|
Similar funds
David Greenspan's Q3 2013 Portfolio in Review
As of Q3 2013, David Greenspan held 17 positions worth $1.92B, up 3.8% from $1.85B the previous quarter. Its ten largest holdings account for 82% of the portfolio.
David Greenspan withdrew a net $164M in Q3 2013, closing 1 position and reducing 6 holdings. Its most notable exit was Viacom Inc. Class B, an estimated $85.7M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 30% of assets, down from 33% a quarter earlier, followed by Healthcare and Financials.
Against the trend, David Greenspan opened a new position in Intuitive Surgical worth $99.7M.
- David Greenspan's largest Q3 2013 buy was Intuitive Surgical: 2,385,000 shares worth $99.7M.
- David Greenspan added most to Endo International plc in Q3 2013, an estimated $20.3M increase.
- David Greenspan's biggest Q3 2013 reduction was Alphabet (Google) Class C, cutting an estimated $51.5M.
- David Greenspan fully exited Viacom Inc. Class B in Q3 2013, selling an estimated $85.7M.
- David Greenspan's ten largest holdings make up 82% of its $1.92B portfolio in Q3 2013.
- David Greenspan opened 3 new positions and closed 1 in Q3 2013.
- David Greenspan's portfolio value rose 3.8% quarter-over-quarter to $1.92B.
Based on Slate Path Capital's 13F filing for Q3 2013, filed 14 Nov 2013.