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 |
Gen Digital
GEN
|
+$99.1M |
| 2 |
Alcoa
AA
|
+$68.6M |
| 3 |
Teck Resources
TECK
|
+$63.2M |
| 4 |
PayPal
PYPL
|
+$20.5M |
| 5 |
TripAdvisor
TRIP
|
+$19.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VanEck Gold Miners ETF
GDX
|
+$33.6M |
| 2 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$22.5M |
| 3 |
Charter Communications
CHTR
|
+$1.07M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 16.79% |
| 2 | Healthcare | 13.82% |
| 3 | Communication Services | 13.41% |
| 4 | Materials | 12.39% |
| 5 | Consumer Discretionary | 9.43% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
VanEck Gold Miners ETF
GDX
$31.8B
| $249M | 19.48% |
8,990,000
-1,400,000
| -13% | -$33.6M |
|
|
2
PayPal
PYPL
$52.7B
| $215M | 16.79% |
5,880,000
+535,000
| +10% | +$20.5M |
|
|
3
Charter Communications
CHTR
$17.9B
| $171M | 13.41% |
750,000
-5,000
| -0.7% | -$1.07M |
|
|
4
TripAdvisor
TRIP
$1.17B
| $121M | 9.43% |
1,875,000
+300,000
| +19% | +$19.4M |
|
|
5
Gen Digital
GEN
$17.3B
| $113M | 8.84% |
+5,505,000
| New | +$99.1M |
|
6
Insulet
PODD
$10.3B
| $82.3M | 6.43% |
2,720,000
| – | – |
|
|
7
Teck Resources
TECK
$33.9B
| $80.5M | 6.3% |
+6,115,000
| New | +$63.2M |
|
|
ANDV
8
DELISTED
Andeavor
ANDV
| $74.5M | 5.83% |
995,000
| – | – |
|
|
9
Alcoa
AA
$13.7B
| $65.3M | 5.1% |
+2,929,671
| New | +$68.6M |
|
10
Alnylam Pharmaceuticals
ALNY
$31.6B
| $63M | 4.93% |
1,135,000
| – | – |
|
|
ISEE
11
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
| $21.9M | 1.72% |
430,000
| – | – |
|
|
X
12
DELISTED
US Steel
X
| $12.6M | 0.99% |
+750,000
| New | +$12.6M |
|
13
Atara Biotherapeutics
ATRA
$97.4M
| $9.45M | 0.74% |
+16,800
| New | +$8.06M |
|
14
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| – | – |
-1,600,000
| Closed | -$329M |
|
|
TWC
15
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| – | – |
-110,000
| Closed | -$22.5M |
|
Similar funds
David Greenspan's Q2 2016 Portfolio in Review
As of Q2 2016, David Greenspan held 15 positions worth $1.28B, down 0.73% from $1.29B the previous quarter. Its ten largest holdings account for 97% of the portfolio.
David Greenspan withdrew a net $94.6M in Q2 2016, closing 2 positions and reducing 2 holdings. Its most notable exit was TIME WARNER CABLE INC NEW COM STK, an estimated $22.5M position sold in full.
By sector, the portfolio is most concentrated in Financials at 17% of assets, up from 16% a quarter earlier, followed by Healthcare and Communication Services.
Against the trend, David Greenspan opened a new position in Gen Digital worth $113M.
- David Greenspan's largest Q2 2016 buy was Gen Digital: 5,505,000 shares worth $113M.
- David Greenspan added most to PayPal in Q2 2016, an estimated $20.5M increase.
- David Greenspan's biggest Q2 2016 reduction was VanEck Gold Miners ETF, cutting an estimated $33.6M.
- David Greenspan fully exited TIME WARNER CABLE INC NEW COM STK in Q2 2016, selling an estimated $22.5M.
- David Greenspan's ten largest holdings make up 97% of its $1.28B portfolio in Q2 2016.
- David Greenspan opened 5 new positions and closed 2 in Q2 2016.
- David Greenspan's portfolio value fell 0.73% quarter-over-quarter to $1.28B.
Based on Slate Path Capital's 13F filing for Q2 2016, filed 15 Aug 2016.