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
|
+$71.4M |
| 2 |
TripAdvisor
TRIP
|
+$37.9M |
| 3 |
Alnylam Pharmaceuticals
ALNY
|
+$27.3M |
| 4 |
PayPal
PYPL
|
+$22.4M |
| 5 |
ISEE
IVERIC bio, Inc. Common Stock
ISEE
|
+$21.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Zillow
Z
|
+$56M |
| 2 |
MDCO
Medicines Co
MDCO
|
+$21.3M |
| 3 |
Oneok
OKE
|
+$19.9M |
| 4 |
Williams Companies
WMB
|
+$17M |
| 5 |
CPGX
COLUMBIA PIPELINE GROUP IN COM STK (DE)
CPGX
|
+$16.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.02% |
| 2 | Healthcare | 13.95% |
| 3 | Communication Services | 13.61% |
| 4 | Consumer Discretionary | 8.13% |
| 5 | Energy | 6.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $329M | 25.53% |
+1,600,000
| New | +$312M |
|
|
2
VanEck Gold Miners ETF
GDX
$31.8B
| $207M | 16.11% |
10,390,000
+4,150,000
| +67% | +$71.4M |
|
|
3
PayPal
PYPL
$52.7B
| $206M | 16.02% |
5,345,000
+620,000
| +13% | +$22.4M |
|
4
Charter Communications
CHTR
$17.9B
| $153M | 11.87% |
755,000
+65,000
| +9% | +$11.7M |
|
|
5
TripAdvisor
TRIP
$1.17B
| $105M | 8.13% |
1,575,000
+572,727
| +57% | +$37.9M |
|
6
Insulet
PODD
$10.3B
| $90.2M | 7% |
2,720,000
| – | – |
|
|
ANDV
7
DELISTED
Andeavor
ANDV
| $85.6M | 6.64% |
995,000
| – | – |
|
|
8
Alnylam Pharmaceuticals
ALNY
$31.6B
| $71.2M | 5.53% |
1,135,000
+410,000
| +57% | +$27.3M |
|
|
TWC
9
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| $22.5M | 1.75% |
110,000
-75,000
| -41% | -$14.2M |
|
|
ISEE
10
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
| $18.2M | 1.41% |
+430,000
| New | +$21.9M |
|
11
Kinder Morgan
KMI
$69B
| – | – |
-1,030,000
| Closed | -$15.4M |
|
|
12
Oneok
OKE
$58.8B
| – | – |
-805,000
| Closed | -$19.9M |
|
|
13
Williams Companies
WMB
$86.2B
| – | – |
-660,000
| Closed | -$17M |
|
|
14
Zillow
Z
$8.07B
| – | – |
-2,385,000
| Closed | -$56M |
|
|
MDCO
15
DELISTED
Medicines Co
MDCO
| – | – |
-570,000
| Closed | -$21.3M |
|
|
CPGX
16
DELISTED
COLUMBIA PIPELINE GROUP IN COM STK (DE)
CPGX
| – | – |
-805,000
| Closed | -$16.1M |
|
Similar funds
David Greenspan's Q1 2016 Portfolio in Review
As of Q1 2016, David Greenspan held 16 positions worth $1.29B, up 39% from $924M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
David Greenspan deployed $345M of net new capital in Q1 2016, opening 2 new positions and adding to 5 existing holdings. Its largest new stake was IVERIC bio, Inc. Common Stock: 430,000 shares worth $18.2M.
By sector, the portfolio is most concentrated in Financials at 16% of assets, down from 19% a quarter earlier, followed by Healthcare and Communication Services.
On the sell side, the largest reduction was TIME WARNER CABLE INC NEW COM STK, an estimated $14.2M trimmed.
- David Greenspan's largest Q1 2016 buy was IVERIC bio, Inc. Common Stock: 430,000 shares worth $18.2M.
- David Greenspan added most to VanEck Gold Miners ETF in Q1 2016, an estimated $71.4M increase.
- David Greenspan's biggest Q1 2016 reduction was TIME WARNER CABLE INC NEW COM STK, cutting an estimated $14.2M.
- David Greenspan fully exited Zillow in Q1 2016, selling an estimated $56M.
- David Greenspan's ten largest holdings make up 100% of its $1.29B portfolio in Q1 2016.
- David Greenspan opened 2 new positions and closed 6 in Q1 2016.
- David Greenspan's portfolio value rose 39% quarter-over-quarter to $1.29B.
Based on Slate Path Capital's 13F filing for Q1 2016, filed 16 May 2016.