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 |
TRCO
TRIBUNE MEDIA COMPANY CLASS A
TRCO
|
+$167M |
| 2 |
ANDV
Andeavor
ANDV
|
+$53.6M |
| 3 |
Marathon Petroleum
MPC
|
+$16.3M |
| 4 |
SiriusXM
SIRI
|
+$14M |
| 5 |
P
Pandora Media Inc
P
|
+$10.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Intuitive Surgical
ISRG
|
+$87.7M |
| 2 |
American International
AIG
|
+$86.9M |
| 3 |
B
Barrick Mining
B
|
+$37.8M |
| 4 |
PBF Energy
PBF
|
+$34.1M |
| 5 |
TPCO
Tribune Publishing Company Common Stock
TPCO
|
+$10.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 37.1% |
| 2 | Healthcare | 24.27% |
| 3 | Energy | 17.11% |
| 4 | Technology | 8.84% |
| 5 | Materials | 2.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
WBA
1
DELISTED
Walgreens Boots Alliance
WBA
| $171M | 11.97% |
2,245,000
| – | – |
|
|
TRCO
2
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $162M | 11.35% |
+2,715,000
| New | +$167M |
|
3
Charter Communications
CHTR
$17.9B
| $152M | 10.61% |
910,000
| – | – |
|
|
ANDV
4
DELISTED
Andeavor
ANDV
| $135M | 9.44% |
1,815,000
+760,000
| +72% | +$53.6M |
|
5
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| $120M | 8.37% |
1,000,000
-500,000
| -33% | -$57.2M |
|
|
6
SiriusXM
SIRI
$9.67B
| $116M | 8.08% |
3,301,000
+407,000
| +14% | +$14M |
|
|
7
Marathon Petroleum
MPC
$101B
| $110M | 7.67% |
2,430,000
+370,000
| +18% | +$16.3M |
|
|
P
8
DELISTED
Pandora Media Inc
P
| $101M | 7.06% |
5,656,054
+551,054
| +11% | +$10.9M |
|
9
Alnylam Pharmaceuticals
ALNY
$31.6B
| $82.9M | 5.8% |
855,000
| – | – |
|
|
IPXL
10
DELISTED
Impax Laboratories, Inc.
IPXL
| $73.8M | 5.16% |
2,330,000
| – | – |
|
|
ZNGA
11
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $69.5M | 4.86% |
26,140,000
+3,340,000
| +15% | +$8.44M |
|
|
YOKU
12
DELISTED
YOUKU TUDOU INC.(CAYMAN ISLS)
YOKU
| $56.8M | 3.97% |
3,190,000
+435,000
| +16% | +$8.05M |
|
|
B
13
Barrick Mining
B
$78.3B
| $42.6M | 2.98% |
3,965,000
-3,062,000
| -44% | -$37.8M |
|
|
MDCO
14
DELISTED
Medicines Co
MDCO
| $19.1M | 1.33% |
689,455
-385,545
| -36% | -$9.55M |
|
|
15
American International
AIG
$39.8B
| $19M | 1.33% |
340,000
-1,620,000
| -83% | -$86.9M |
|
16
Cleveland-Cliffs
CLF
$6.43B
| – | – |
-855,000
| Closed | -$8.88M |
|
17
PUT
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$46.4B
| – | – |
-3,000,000
| Closed | -$510M |
|
|
18
Intuitive Surgical
ISRG
$134B
| – | – |
-1,710,000
| Closed | -$87.7M |
|
|
19
PBF Energy
PBF
$8.72B
| – | – |
-1,420,000
| Closed | -$34.1M |
|
20
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| – | – |
-1,500,000
| Closed | -$296M |
|
|
TPCO
21
DELISTED
Tribune Publishing Company Common Stock
TPCO
| – | – |
-506,531
| Closed | -$10.2M |
|
Similar funds
David Greenspan's Q4 2014 Portfolio in Review
As of Q4 2014, David Greenspan held 21 positions worth $1.43B, down 36% from $2.22B the previous quarter. Its ten largest holdings account for 86% of the portfolio.
David Greenspan withdrew a net $860M in Q4 2014, closing 6 positions and reducing 4 holdings. Its most notable exit was Intuitive Surgical, an estimated $87.7M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 37% of assets, up from 17% a quarter earlier, followed by Healthcare and Energy.
Against the trend, David Greenspan opened a new position in TRIBUNE MEDIA COMPANY CLASS A worth $162M.
- David Greenspan's largest Q4 2014 buy was TRIBUNE MEDIA COMPANY CLASS A: 2,715,000 shares worth $162M.
- David Greenspan added most to Andeavor in Q4 2014, an estimated $53.6M increase.
- David Greenspan's biggest Q4 2014 reduction was American International, cutting an estimated $86.9M.
- David Greenspan fully exited Intuitive Surgical in Q4 2014, selling an estimated $87.7M.
- David Greenspan's ten largest holdings make up 86% of its $1.43B portfolio in Q4 2014.
- David Greenspan opened 1 new position and closed 6 in Q4 2014.
- David Greenspan's portfolio value fell 36% quarter-over-quarter to $1.43B.
Based on Slate Path Capital's 13F filing for Q4 2014, filed 17 Feb 2015.