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 |
X
US Steel
X
|
+$30.5M |
| 2 |
APA Corp
APA
|
+$25.7M |
| 3 |
Devon Energy
DVN
|
+$24M |
| 4 |
RSPP
RSP Permian, Inc.
RSPP
|
+$23.7M |
| 5 |
Diamondback Energy
FANG
|
+$23.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWTR
Twitter, Inc.
TWTR
|
+$173M |
| 2 |
TIF
Tiffany & Co.
TIF
|
+$161M |
| 3 |
Advance Auto Parts
AAP
|
+$148M |
| 4 |
Insulet
PODD
|
+$141M |
| 5 |
Ally Financial
ALLY
|
+$127M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 31.88% |
| 2 | Healthcare | 14.47% |
| 3 | Energy | 12.73% |
| 4 | Industrials | 12.05% |
| 5 | Materials | 11.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TWTR
1
DELISTED
Twitter, Inc.
TWTR
| $169M | 16.65% |
7,050,000
-8,435,000
| -54% | -$173M |
|
|
X
2
DELISTED
US Steel
X
| $115M | 11.35% |
3,280,000
+1,050,000
| +47% | +$30.5M |
|
3
Avis
CAR
$5.18B
| $112M | 11.03% |
2,555,000
-855,000
| -25% | -$34M |
|
4
Charter Communications
CHTR
$17.9B
| $101M | 9.91% |
300,000
-305,000
| -50% | -$104M |
|
|
5
Ally Financial
ALLY
$13.1B
| $87M | 8.56% |
2,985,000
-4,795,000
| -62% | -$127M |
|
6
DXC Technology
DXC
$1.73B
| $76.9M | 7.56% |
936,360
-375,700
| -29% | -$30.3M |
|
7
Alnylam Pharmaceuticals
ALNY
$31.6B
| $56.8M | 5.59% |
447,000
-114,000
| -20% | -$14.3M |
|
|
P
8
DELISTED
Pandora Media Inc
P
| $54.1M | 5.32% |
11,215,000
+935,000
| +9% | +$5.6M |
|
|
MDCO
9
DELISTED
Medicines Co
MDCO
| $47.3M | 4.65% |
1,730,000
+620,000
| +56% | +$19.1M |
|
|
10
Insulet
PODD
$10.3B
| $39M | 3.83% |
565,000
-2,155,000
| -79% | -$141M |
|
|
11
Diamondback Energy
FANG
$59B
| $27.1M | 2.67% |
+215,000
| New | +$23.3M |
|
|
RSPP
12
DELISTED
RSP Permian, Inc.
RSPP
| $26.8M | 2.64% |
+660,000
| New | +$23.7M |
|
|
13
Devon Energy
DVN
$54B
| $26.3M | 2.59% |
+635,000
| New | +$24M |
|
|
14
APA Corp
APA
$15.2B
| $25.8M | 2.53% |
+610,000
| New | +$25.7M |
|
15
Nabors Industries
NBR
$1.37B
| $11.7M | 1.16% |
+34,400
| New | +$11M |
|
|
WFT
16
DELISTED
Weatherford International plc
WFT
| $11.7M | 1.15% |
+2,800,000
| New | +$10.3M |
|
|
HTZ
17
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $9.5M | 0.93% |
494,930
+334,941
| +209% | +$6.47M |
|
18
VanEck Gold Miners ETF
GDX
$31.8B
| $7.09M | 0.7% |
305,000
-73,000
| -19% | -$1.66M |
|
19
DexCom
DXCM
$34.8B
| $4.02M | 0.4% |
280,000
-92,000
| -25% | -$1.2M |
|
20
Global X Silver Miners ETF NEW
SIL
$5.37B
| $3.59M | 0.35% |
110,000
-114,000
| -51% | -$3.65M |
|
21
TripAdvisor
TRIP
$1.17B
| $2.55M | 0.25% |
74,000
-1,991,000
| -96% | -$71.9M |
|
|
AKS
22
DELISTED
AK Steel Holding Corp
AKS
| $1.02M | 0.1% |
+180,000
| New | +$939K |
|
23
Diana Shipping
DSX
$337M
| $916K | 0.09% |
+321,823
| New | +$911K |
|
|
24
Advance Auto Parts
AAP
$2.57B
| – | – |
-1,495,000
| Closed | -$148M |
|
25
CF Industries
CF
$19.6B
| – | – |
-1,730,000
| Closed | -$60.8M |
|
Similar funds
David Greenspan's Q4 2017 Portfolio in Review
As of Q4 2017, David Greenspan held 31 positions worth $1.02B, down 47% from $1.9B the previous quarter. Its ten largest holdings account for 84% of the portfolio.
David Greenspan withdrew a net $1.02B in Q4 2017, closing 8 positions and reducing 11 holdings. Its most notable exit was Tiffany & Co., an estimated $161M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 32% of assets, down from 33% a quarter earlier, followed by Healthcare and Energy.
Against the trend, David Greenspan opened a new position in APA Corp worth $25.8M.
- David Greenspan's largest Q4 2017 buy was APA Corp: 610,000 shares worth $25.8M.
- David Greenspan added most to US Steel in Q4 2017, an estimated $30.5M increase.
- David Greenspan's biggest Q4 2017 reduction was Twitter, Inc., cutting an estimated $173M.
- David Greenspan fully exited Tiffany & Co. in Q4 2017, selling an estimated $161M.
- David Greenspan's ten largest holdings make up 84% of its $1.02B portfolio in Q4 2017.
- David Greenspan opened 8 new positions and closed 8 in Q4 2017.
- David Greenspan's portfolio value fell 47% quarter-over-quarter to $1.02B.
Based on Slate Path Capital's 13F filing for Q4 2017, filed 14 Feb 2018.