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DG

David Greenspan Slate Path Capital

AUM $7.22B
1-Year Est. Return 110.75%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+6.81%
1 Year Est. Return
+110.75%
3 Year Est. Return
+393.62%
5 Year Est. Return
+449.87%
10 Year Est. Return
+5,767.79%
AUM
$2.63B
AUM Growth
+$589M
Cap. Flow
+$495M
Cap. Flow %
18.81%
Top 10 Hldgs %
88.03%
Holding
19
New
5
Increased
2
Reduced
9
Closed
3

Top Buys

Rank Stock Value
1
CAR icon
Avis
CAR
+$79.9M
2
DXC icon
DXC Technology
DXC
+$67.1M
3
P
Pandora Media Inc
P
+$53M
4
TWTR
Twitter, Inc.
TWTR
+$34.1M
5
ALLY icon
Ally Financial
ALLY
+$3.14M

Top Sells

Rank Stock Value
1
XLF icon
State Street Financial Select Sector SPDR ETF
XLF
+$286M
2
X
US Steel
X
+$105M
3
DXCM icon
DexCom
DXCM
+$94.9M
4
ALNY icon
Alnylam Pharmaceuticals
ALNY
+$55.3M
5
ANDV
Andeavor
ANDV
+$53.6M

Sector Composition

Rank Sector Weight
1 Communication Services 19.88%
2 Consumer Discretionary 10.03%
3 Healthcare 9.67%
4 Financials 8.4%
5 Energy 4.19%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
QQQ icon
1
CALL
Invesco QQQ Trust
QQQ
$486B
$551M 20.91%
+4,000,000
New +$550M
SPY icon
2
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
$423M 16.07%
+1,750,000
New +$419M
TWTR
3
DELISTED
Twitter, Inc.
TWTR
$271M 10.28%
15,140,000
+2,000,000
+15% +$34.1M
ALLY icon
4
Ally Financial
ALLY
$13.1B
$221M 8.4%
10,580,000
+160,000
+2% +$3.14M
CHTR icon
5
Charter Communications
CHTR
$17.9B
$204M 7.74%
605,000
-145,000
-19% -$48.4M
PODD icon
6
Insulet
PODD
$10.3B
$143M 5.45%
2,795,000
-55,000
-2% -$2.39M
TIF
7
DELISTED
Tiffany & Co.
TIF
$142M 5.4%
1,515,000
-145,000
-9% -$13.3M
GDX icon
8
VanEck Gold Miners ETF
GDX
$31.8B
$131M 4.96%
5,920,000
-1,725,000
-23% -$39.2M
AAP icon
9
Advance Auto Parts
AAP
$2.57B
$122M 4.63%
1,045,000
-45,000
-4% -$6.18M
ANDV
10
DELISTED
Andeavor
ANDV
$110M 4.19%
1,180,000
-635,000
-35% -$53.6M
ALNY icon
11
Alnylam Pharmaceuticals
ALNY
$31.6B
$90.5M 3.44%
1,135,000
-865,000
-43% -$55.3M
CAR icon
12
Avis
CAR
$5.18B
$84.5M 3.21%
+3,100,000
New +$79.9M
DXC icon
13
DXC Technology
DXC
$1.73B
$67.1M 2.55%
+1,011,500
New +$67.1M
P
14
DELISTED
Pandora Media Inc
P
$49.1M 1.87%
+5,505,000
New +$53M
MDCO
15
DELISTED
Medicines Co
MDCO
$20.7M 0.79%
545,000
-135,000
-20% -$6.01M
ATCO
16
DELISTED
Atlas Corp.
ATCO
$3.21M 0.12%
450,000
-110,000
-20% -$684K
DXCM icon
17
DexCom
DXCM
$34.8B
– –
-4,478,000
Closed -$94.9M
X
18
DELISTED
US Steel
X
– –
-3,115,000
Closed -$105M
XLF icon
19
State Street Financial Select Sector SPDR ETF
XLF
$57.8B
– –
-12,060,000
Closed -$286M

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David Greenspan's Q2 2017 Portfolio in Review

As of Q2 2017, David Greenspan held 19 positions worth $2.63B, up 29% from $2.04B the previous quarter. Its ten largest holdings account for 88% of the portfolio.

David Greenspan deployed $495M of net new capital in Q2 2017, opening 5 new positions and adding to 2 existing holdings. Its largest new stake was Avis: 3,100,000 shares worth $84.5M.

By sector, the portfolio is most concentrated in Communication Services at 20% of assets, down from 22% a quarter earlier, followed by Consumer Discretionary and Healthcare.

On the sell side, the largest reduction was Alnylam Pharmaceuticals, an estimated $55.3M trimmed.

  • David Greenspan's largest Q2 2017 buy was Avis: 3,100,000 shares worth $84.5M.
  • David Greenspan added most to Twitter, Inc. in Q2 2017, an estimated $34.1M increase.
  • David Greenspan's biggest Q2 2017 reduction was Alnylam Pharmaceuticals, cutting an estimated $55.3M.
  • David Greenspan fully exited State Street Financial Select Sector SPDR ETF in Q2 2017, selling an estimated $286M.
  • David Greenspan's ten largest holdings make up 88% of its $2.63B portfolio in Q2 2017.
  • David Greenspan opened 5 new positions and closed 3 in Q2 2017.
  • David Greenspan's portfolio value rose 29% quarter-over-quarter to $2.63B.

Based on Slate Path Capital's 13F filing for Q2 2017, filed 14 Aug 2017.