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 |
Advance Auto Parts
AAP
|
+$73.5M |
| 2 |
X
US Steel
X
|
+$41.3M |
| 3 |
Alnylam Pharmaceuticals
ALNY
|
+$6.35M |
| 4 |
Atara Biotherapeutics
ATRA
|
+$1.19M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gen Digital
GEN
|
+$113M |
| 2 |
VanEck Gold Miners ETF
GDX
|
+$89M |
| 3 |
Teck Resources
TECK
|
+$80.5M |
| 4 |
Alcoa
AA
|
+$65.3M |
| 5 |
TripAdvisor
TRIP
|
+$54M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 4% |
| 2 | Healthcare | 3.39% |
| 3 | Communication Services | 3.36% |
| 4 | Consumer Discretionary | 2.22% |
| 5 | Energy | 1.31% |
| 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
| $4.65B | 77.15% |
+21,500,000
| New | +$4.65B |
|
2
PUT
Invesco QQQ Trust
QQQ
$486B
| $309M | 5.12% |
+2,600,000
| New | +$300M |
|
3
PayPal
PYPL
$52.7B
| $241M | 4% |
5,880,000
| – | – |
|
4
Charter Communications
CHTR
$17.9B
| $202M | 3.36% |
750,000
| – | – |
|
|
5
VanEck Gold Miners ETF
GDX
$31.8B
| $156M | 2.58% |
5,890,000
-3,100,000
| -34% | -$89M |
|
6
Insulet
PODD
$10.3B
| $111M | 1.85% |
2,720,000
| – | – |
|
|
7
Alnylam Pharmaceuticals
ALNY
$31.6B
| $83M | 1.38% |
1,225,000
+90,000
| +8% | +$6.35M |
|
|
ANDV
8
DELISTED
Andeavor
ANDV
| $79.2M | 1.31% |
995,000
| – | – |
|
|
9
Advance Auto Parts
AAP
$2.57B
| $68.6M | 1.14% |
+460,000
| New | +$73.5M |
|
|
10
TripAdvisor
TRIP
$1.17B
| $65.4M | 1.08% |
1,035,000
-840,000
| -45% | -$54M |
|
|
X
11
DELISTED
US Steel
X
| $51.9M | 0.86% |
2,750,000
+2,000,000
| +267% | +$41.3M |
|
|
12
Atara Biotherapeutics
ATRA
$97.4M
| $10.2M | 0.17% |
19,000
+2,200
| +13% | +$1.19M |
|
|
13
Alcoa
AA
$13.7B
| – | – |
-2,929,671
| Closed | -$65.3M |
|
|
14
Gen Digital
GEN
$17.3B
| – | – |
-5,505,000
| Closed | -$113M |
|
|
15
Teck Resources
TECK
$33.9B
| – | – |
-6,115,000
| Closed | -$80.5M |
|
|
ISEE
16
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
| – | – |
-430,000
| Closed | -$21.9M |
|
Similar funds
David Greenspan's Q3 2016 Portfolio in Review
As of Q3 2016, David Greenspan held 16 positions worth $6.03B, up 371% from $1.28B the previous quarter. Its ten largest holdings account for 99% of the portfolio.
David Greenspan deployed $4.65B of net new capital in Q3 2016, opening 3 new positions and adding to 3 existing holdings. Its largest new stake was Advance Auto Parts: 460,000 shares worth $68.6M.
By sector, the portfolio is most concentrated in Financials at 4% of assets, down from 17% a quarter earlier, followed by Healthcare and Communication Services.
On the sell side, the largest reduction was VanEck Gold Miners ETF, an estimated $89M trimmed.
- David Greenspan's largest Q3 2016 buy was Advance Auto Parts: 460,000 shares worth $68.6M.
- David Greenspan added most to US Steel in Q3 2016, an estimated $41.3M increase.
- David Greenspan's biggest Q3 2016 reduction was VanEck Gold Miners ETF, cutting an estimated $89M.
- David Greenspan fully exited Gen Digital in Q3 2016, selling an estimated $113M.
- David Greenspan's ten largest holdings make up 99% of its $6.03B portfolio in Q3 2016.
- David Greenspan opened 3 new positions and closed 4 in Q3 2016.
- David Greenspan's portfolio value rose 371% quarter-over-quarter to $6.03B.
Based on Slate Path Capital's 13F filing for Q3 2016, filed 14 Nov 2016.