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 |
VanEck Gold Miners ETF
GDX
|
+$99.2M |
| 2 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$43.9M |
| 3 |
Charter Communications
CHTR
|
+$30.4M |
| 4 |
Zillow
Z
|
+$27M |
| 5 |
PayPal
PYPL
|
+$16.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
B
Barrick Mining
B
|
+$143M |
| 2 |
Marathon Petroleum
MPC
|
+$94.2M |
| 3 |
IPXL
Impax Laboratories, Inc.
IPXL
|
+$49.6M |
| 4 |
P
Pandora Media Inc
P
|
+$28M |
| 5 |
ANDV
Andeavor
ANDV
|
+$20.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 25.2% |
| 2 | Communication Services | 22.99% |
| 3 | Healthcare | 16.53% |
| 4 | Technology | 7.46% |
| 5 | Financials | 1.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
ANDV
1
DELISTED
Andeavor
ANDV
| $220M | 25.2% |
2,260,000
-215,000
| -9% | -$20.9M |
|
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $134M | 15.38% |
+700,000
| New | +$142M |
|
|
3
Charter Communications
CHTR
$17.9B
| $130M | 14.96% |
741,600
+166,600
| +29% | +$30.4M |
|
|
4
VanEck Gold Miners ETF
GDX
$31.8B
| $94.4M | 10.83% |
+6,870,000
| New | +$99.2M |
|
5
Insulet
PODD
$10.3B
| $70.5M | 8.08% |
2,720,000
| – | – |
|
|
YOKU
6
DELISTED
YOUKU TUDOU INC.(CAYMAN ISLS)
YOKU
| $65.1M | 7.46% |
3,690,000
-80,000
| -2% | -$1.48M |
|
7
Alnylam Pharmaceuticals
ALNY
$31.6B
| $47.8M | 5.48% |
595,000
-86,759
| -13% | -$9.64M |
|
|
TWC
8
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $42.2M | 4.83% |
+235,000
| New | +$43.9M |
|
|
9
Zillow
Z
$8.07B
| $27.9M | 3.2% |
+1,035,000
| New | +$27M |
|
|
IPXL
10
DELISTED
Impax Laboratories, Inc.
IPXL
| $25.9M | 2.97% |
735,000
-1,100,000
| -60% | -$49.6M |
|
|
11
PayPal
PYPL
$52.7B
| $14M | 1.6% |
+450,000
| New | +$16.1M |
|
|
B
12
Barrick Mining
B
$78.3B
| – | – |
-13,450,000
| Closed | -$143M |
|
|
13
Marathon Petroleum
MPC
$101B
| – | – |
-1,800,000
| Closed | -$94.2M |
|
|
P
14
DELISTED
Pandora Media Inc
P
| – | – |
-1,800,000
| Closed | -$28M |
|
Similar funds
David Greenspan's Q3 2015 Portfolio in Review
As of Q3 2015, David Greenspan held 14 positions worth $872M, down 4.8% from $916M the previous quarter. Its ten largest holdings account for 98% of the portfolio.
David Greenspan's Q3 2015 filing shows 5 new, 1 increased, 4 reduced and 3 closed positions. Its largest new stake was VanEck Gold Miners ETF: 6,870,000 shares worth $94.4M. The largest sale was Barrick Mining, an estimated $143M.
By sector, the portfolio is most concentrated in Energy at 25% of assets, down from 33% a quarter earlier, followed by Communication Services and Healthcare.
- David Greenspan's largest Q3 2015 buy was VanEck Gold Miners ETF: 6,870,000 shares worth $94.4M.
- David Greenspan added most to Charter Communications in Q3 2015, an estimated $30.4M increase.
- David Greenspan's biggest Q3 2015 reduction was Impax Laboratories, Inc., cutting an estimated $49.6M.
- David Greenspan fully exited Barrick Mining in Q3 2015, selling an estimated $143M.
- David Greenspan's ten largest holdings make up 98% of its $872M portfolio in Q3 2015.
- David Greenspan opened 5 new positions and closed 3 in Q3 2015.
- David Greenspan's portfolio value fell 4.8% quarter-over-quarter to $872M.
Based on Slate Path Capital's 13F filing for Q3 2015, filed 16 Nov 2015.