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 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
+$161M |
| 2 |
B
Barrick Mining
B
|
+$150M |
| 3 |
ANDV
Andeavor
ANDV
|
+$74.7M |
| 4 |
Insulet
PODD
|
+$71.9M |
| 5 |
CDK
CDK Global, Inc.
CDK
|
+$45.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SiriusXM
SIRI
|
+$116M |
| 2 |
P
Pandora Media Inc
P
|
+$101M |
| 3 |
TRCO
TRIBUNE MEDIA COMPANY CLASS A
TRCO
|
+$57.2M |
| 4 |
WBA
Walgreens Boots Alliance
WBA
|
+$32.3M |
| 5 |
Marathon Petroleum
MPC
|
+$30.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 25.64% |
| 2 | Energy | 21.37% |
| 3 | Communication Services | 17.92% |
| 4 | Materials | 11.5% |
| 5 | Technology | 7.21% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ANDV
1
DELISTED
Andeavor
ANDV
| $247M | 15.56% |
2,705,000
+890,000
| +49% | +$74.7M |
|
|
KRFT
2
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
| $213M | 13.42% |
+2,445,000
| New | +$161M |
|
|
B
3
Barrick Mining
B
$78.3B
| $182M | 11.5% |
16,650,000
+12,685,000
| +320% | +$150M |
|
4
Charter Communications
CHTR
$17.9B
| $176M | 11.07% |
910,000
| – | – |
|
|
WBA
5
DELISTED
Walgreens Boots Alliance
WBA
| $156M | 9.82% |
1,840,000
-405,000
| -18% | -$32.3M |
|
|
TRCO
6
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| $109M | 6.84% |
1,785,000
-930,000
| -34% | -$57.2M |
|
|
7
Marathon Petroleum
MPC
$101B
| $92.2M | 5.81% |
1,800,000
-630,000
| -26% | -$30.3M |
|
|
IPXL
8
DELISTED
Impax Laboratories, Inc.
IPXL
| $90.7M | 5.72% |
1,935,000
-395,000
| -17% | -$15.7M |
|
9
Alnylam Pharmaceuticals
ALNY
$31.6B
| $89.3M | 5.63% |
855,000
| – | – |
|
|
ZNGA
10
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| $74.5M | 4.69% |
26,140,000
| – | – |
|
|
11
Insulet
PODD
$10.3B
| $71M | 4.48% |
+2,130,000
| New | +$71.9M |
|
|
CDK
12
DELISTED
CDK Global, Inc.
CDK
| $46.8M | 2.95% |
+1,000,000
| New | +$45.6M |
|
|
YOKU
13
DELISTED
YOUKU TUDOU INC.(CAYMAN ISLS)
YOKU
| $39.9M | 2.51% |
3,190,000
| – | – |
|
14
American International
AIG
$39.8B
| – | – |
-340,000
| Closed | -$19M |
|
15
PUT
iShares Russell 2000 ETF
IWM
$81.9B
| – | – |
-1,000,000
| Closed | -$120M |
|
|
16
SiriusXM
SIRI
$9.67B
| – | – |
-3,301,000
| Closed | -$116M |
|
|
MDCO
17
DELISTED
Medicines Co
MDCO
| – | – |
-689,455
| Closed | -$19.1M |
|
|
P
18
DELISTED
Pandora Media Inc
P
| – | – |
-5,656,054
| Closed | -$101M |
|
Similar funds
David Greenspan's Q1 2015 Portfolio in Review
As of Q1 2015, David Greenspan held 18 positions worth $1.59B, up 11% from $1.43B the previous quarter. Its ten largest holdings account for 90% of the portfolio.
David Greenspan's Q1 2015 filing shows 3 new, 2 increased, 4 reduced and 5 closed positions. Its largest new stake was KRAFT FOODS GROUP INC COM STK (VA): 2,445,000 shares worth $213M. The largest sale was SiriusXM, an estimated $116M.
By sector, the portfolio is most concentrated in Healthcare at 26% of assets, up from 24% a quarter earlier, followed by Energy and Communication Services.
- David Greenspan's largest Q1 2015 buy was KRAFT FOODS GROUP INC COM STK (VA): 2,445,000 shares worth $213M.
- David Greenspan added most to Barrick Mining in Q1 2015, an estimated $150M increase.
- David Greenspan's biggest Q1 2015 reduction was TRIBUNE MEDIA COMPANY CLASS A, cutting an estimated $57.2M.
- David Greenspan fully exited SiriusXM in Q1 2015, selling an estimated $116M.
- David Greenspan's ten largest holdings make up 90% of its $1.59B portfolio in Q1 2015.
- David Greenspan opened 3 new positions and closed 5 in Q1 2015.
- David Greenspan's portfolio value rose 11% quarter-over-quarter to $1.59B.
Based on Slate Path Capital's 13F filing for Q1 2015, filed 15 May 2015.