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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
+2.18%
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
$1.32B
AUM Growth
-$1.58B
Cap. Flow
-$1.58B
Cap. Flow %
-119.71%
Top 10 Hldgs %
91.1%
Holding
21
New
2
Increased
4
Reduced
5
Closed
8

Top Buys

Rank Stock Value
1
B
Barrick Mining
B
+$155M
2
ARIA
Ariad Pharmaceuticals Inc
ARIA
+$51.6M
3
TCOM icon
Trip.com Group
TCOM
+$30.3M
4
P
Pandora Media Inc
P
+$19.7M
5
PBF icon
PBF Energy
PBF
+$5.58M

Top Sells

Rank Stock Value
1
MPC icon
Marathon Petroleum
MPC
+$149M
2
GOOG icon
Alphabet (Google) Class C
GOOG
+$146M
3
YOKU
YOUKU TUDOU INC.(CAYMAN ISLS)
YOKU
+$135M
4
ENDP
Endo International plc
ENDP
+$111M
5
LVLT
Level 3 Communications Inc
LVLT
+$99.7M

Sector Composition

Rank Sector Weight
1 Communication Services 29.22%
2 Healthcare 17.64%
3 Energy 15.8%
4 Consumer Discretionary 12.06%
5 Materials 10.79%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TCOM icon
1
Trip.com Group
TCOM
$29B
$159M 12.06%
6,320,000
+1,320,000
+26% +$30.3M
ENDP
2
DELISTED
Endo International plc
ENDP
$152M 11.51%
2,215,000
-1,560,000
-41% -$111M
CHTR icon
3
Charter Communications
CHTR
$17.9B
$147M 11.14%
1,195,000
– –
P
4
DELISTED
Pandora Media Inc
P
$146M 11.07%
4,825,000
+570,000
+13% +$19.7M
B
5
Barrick Mining
B
$78.3B
$143M 10.8%
+8,000,000
New +$155M
AIG icon
6
American International
AIG
$39.8B
$135M 10.22%
2,700,000
-1,255,000
-32% -$62.4M
MPC icon
7
Marathon Petroleum
MPC
$101B
$102M 7.71%
2,340,000
-3,390,000
-59% -$149M
SIRI icon
8
SiriusXM
SIRI
$9.67B
$92.6M 7.01%
2,894,000
– –
LNG icon
9
Cheniere Energy
LNG
$57.3B
$70.3M 5.32%
1,270,000
-1,470,000
-54% -$70.5M
ZNGA
10
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
$56.4M 4.27%
13,121,148
+496,148
+4% +$2.29M
ARIA
11
DELISTED
Ariad Pharmaceuticals Inc
ARIA
$53.4M 4.04%
+6,620,000
New +$51.6M
PBF icon
12
PBF Energy
PBF
$8.72B
$36.6M 2.77%
1,420,000
+210,000
+17% +$5.58M
ALNY icon
13
Alnylam Pharmaceuticals
ALNY
$31.6B
$27.6M 2.09%
411,540
-588,460
-59% -$45.6M
ENOV icon
14
Enovis
ENOV
$1.5B
– –
-865,690
Closed -$94.9M
GOOG icon
15
Alphabet (Google) Class C
GOOG
$4.18T
– –
-5,219,491
Closed -$146M
ISRG icon
16
Intuitive Surgical
ISRG
$134B
– –
-1,197,000
Closed -$51.1M
PSX icon
17
Phillips 66
PSX
$96.9B
– –
-1,025,000
Closed -$79.1M
QQQ icon
18
PUT
Invesco QQQ Trust
QQQ
$486B
– –
-8,500,000
Closed -$748M
SPY icon
19
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
– –
-300,000
Closed -$55.4M
LVLT
20
DELISTED
Level 3 Communications Inc
LVLT
– –
-3,005,000
Closed -$99.7M
YOKU
21
DELISTED
YOUKU TUDOU INC.(CAYMAN ISLS)
YOKU
– –
-4,455,000
Closed -$135M

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David Greenspan's Q1 2014 Portfolio in Review

As of Q1 2014, David Greenspan held 21 positions worth $1.32B, down 54% from $2.9B the previous quarter. Its ten largest holdings account for 91% of the portfolio.

David Greenspan withdrew a net $1.58B in Q1 2014, closing 8 positions and reducing 5 holdings. Its most notable exit was Alphabet (Google) Class C, an estimated $146M position sold in full.

By sector, the portfolio is most concentrated in Communication Services at 29% of assets, up from 18% a quarter earlier, followed by Healthcare and Energy.

Against the trend, David Greenspan opened a new position in Barrick Mining worth $143M.

  • David Greenspan's largest Q1 2014 buy was Barrick Mining: 8,000,000 shares worth $143M.
  • David Greenspan added most to Trip.com Group in Q1 2014, an estimated $30.3M increase.
  • David Greenspan's biggest Q1 2014 reduction was Marathon Petroleum, cutting an estimated $149M.
  • David Greenspan fully exited Alphabet (Google) Class C in Q1 2014, selling an estimated $146M.
  • David Greenspan's ten largest holdings make up 91% of its $1.32B portfolio in Q1 2014.
  • David Greenspan opened 2 new positions and closed 8 in Q1 2014.
  • David Greenspan's portfolio value fell 54% quarter-over-quarter to $1.32B.

Based on Slate Path Capital's 13F filing for Q1 2014, filed 15 May 2014.