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 |
P
Pandora Media Inc
P
|
+$31.6M |
| 2 |
Insulet
PODD
|
+$17.4M |
| 3 |
YOKU
YOUKU TUDOU INC.(CAYMAN ISLS)
YOKU
|
+$13.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
+$213M |
| 2 |
WBA
Walgreens Boots Alliance
WBA
|
+$156M |
| 3 |
TRCO
TRIBUNE MEDIA COMPANY CLASS A
TRCO
|
+$109M |
| 4 |
ZNGA
ZYNGA INC. CL A COMMON
ZNGA
|
+$74.5M |
| 5 |
Charter Communications
CHTR
|
+$60.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 33.1% |
| 2 | Healthcare | 27.33% |
| 3 | Materials | 15.66% |
| 4 | Communication Services | 13.81% |
| 5 | Technology | 10.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ANDV
1
DELISTED
Andeavor
ANDV
| $209M | 22.82% |
2,475,000
-230,000
| -9% | -$20M |
|
|
B
2
Barrick Mining
B
$78.3B
| $143M | 15.66% |
13,450,000
-3,200,000
| -19% | -$39M |
|
|
3
Charter Communications
CHTR
$17.9B
| $98.5M | 10.75% |
575,000
-335,000
| -37% | -$60.2M |
|
4
Marathon Petroleum
MPC
$101B
| $94.2M | 10.28% |
1,800,000
| – | – |
|
|
YOKU
5
DELISTED
YOUKU TUDOU INC.(CAYMAN ISLS)
YOKU
| $92.5M | 10.1% |
3,770,000
+580,000
| +18% | +$13.1M |
|
|
6
Insulet
PODD
$10.3B
| $84.3M | 9.2% |
2,720,000
+590,000
| +28% | +$17.4M |
|
|
IPXL
7
DELISTED
Impax Laboratories, Inc.
IPXL
| $84.3M | 9.2% |
1,835,000
-100,000
| -5% | -$4.75M |
|
8
Alnylam Pharmaceuticals
ALNY
$31.6B
| $81.7M | 8.93% |
681,759
-173,241
| -20% | -$20.7M |
|
|
P
9
DELISTED
Pandora Media Inc
P
| $28M | 3.05% |
+1,800,000
| New | +$31.6M |
|
|
WBA
10
DELISTED
Walgreens Boots Alliance
WBA
| – | – |
-1,840,000
| Closed | -$156M |
|
|
CDK
11
DELISTED
CDK Global, Inc.
CDK
| – | – |
-1,000,000
| Closed | -$46.8M |
|
|
ZNGA
12
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| – | – |
-26,140,000
| Closed | -$74.5M |
|
|
KRFT
13
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
| – | – |
-2,445,000
| Closed | -$213M |
|
|
TRCO
14
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| – | – |
-1,785,000
| Closed | -$109M |
|
Similar funds
David Greenspan's Q2 2015 Portfolio in Review
As of Q2 2015, David Greenspan held 14 positions worth $916M, down 42% from $1.59B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
David Greenspan withdrew a net $681M in Q2 2015, closing 5 positions and reducing 5 holdings. Its most notable exit was KRAFT FOODS GROUP INC COM STK (VA), an estimated $213M position sold in full.
By sector, the portfolio is most concentrated in Energy at 33% of assets, up from 21% a quarter earlier, followed by Healthcare and Materials.
Against the trend, David Greenspan opened a new position in Pandora Media Inc worth $28M.
- David Greenspan's largest Q2 2015 buy was Pandora Media Inc: 1,800,000 shares worth $28M.
- David Greenspan added most to Insulet in Q2 2015, an estimated $17.4M increase.
- David Greenspan's biggest Q2 2015 reduction was Charter Communications, cutting an estimated $60.2M.
- David Greenspan fully exited KRAFT FOODS GROUP INC COM STK (VA) in Q2 2015, selling an estimated $213M.
- David Greenspan's ten largest holdings make up 100% of its $916M portfolio in Q2 2015.
- David Greenspan opened 1 new position and closed 5 in Q2 2015.
- David Greenspan's portfolio value fell 42% quarter-over-quarter to $916M.
Based on Slate Path Capital's 13F filing for Q2 2015, filed 14 Aug 2015.