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 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$158M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$155M |
| 3 |
Chipotle Mexican Grill
CMG
|
+$128M |
| 4 |
State Street Energy Select Sector SPDR ETF
XLE
|
+$106M |
| 5 |
New York Times
NYT
|
+$81.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
TWTR
Twitter, Inc.
TWTR
|
+$94.9M |
| 2 |
DXC Technology
DXC
|
+$76.9M |
| 3 |
Insulet
PODD
|
+$39M |
| 4 |
Devon Energy
DVN
|
+$26.3M |
| 5 |
X
US Steel
X
|
+$26.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 22.92% |
| 2 | Materials | 11.71% |
| 3 | Consumer Discretionary | 8.36% |
| 4 | Energy | 7.51% |
| 5 | Industrials | 7.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $153M | 9.75% |
+580,000
| New | +$158M |
|
|
2
Invesco QQQ Trust
QQQ
$486B
| $151M | 9.62% |
+940,000
| New | +$155M |
|
|
3
Chipotle Mexican Grill
CMG
$46.7B
| $131M | 8.36% |
+20,250,000
| New | +$128M |
|
4
Charter Communications
CHTR
$17.9B
| $126M | 8.03% |
403,874
+103,874
| +35% | +$36.5M |
|
|
TWTR
5
DELISTED
Twitter, Inc.
TWTR
| $111M | 7.07% |
3,811,000
-3,239,000
| -46% | -$94.9M |
|
|
6
State Street Energy Select Sector SPDR ETF
XLE
$41.7B
| $101M | 6.46% |
+3,000,000
| New | +$106M |
|
7
Avis
CAR
$5.18B
| $96M | 6.14% |
2,050,000
-505,000
| -20% | -$22.7M |
|
|
X
8
DELISTED
US Steel
X
| $92M | 5.88% |
2,615,000
-665,000
| -20% | -$26.2M |
|
|
9
New York Times
NYT
$10.6B
| $85.6M | 5.47% |
+3,550,000
| New | +$81.6M |
|
10
Ally Financial
ALLY
$13.1B
| $81M | 5.18% |
2,985,000
| – | – |
|
|
MDCO
11
DELISTED
Medicines Co
MDCO
| $57M | 3.64% |
1,730,000
| – | – |
|
12
Element Solutions
ESI
$8.6B
| $50.8M | 3.25% |
+5,275,000
| New | +$56.3M |
|
13
Alnylam Pharmaceuticals
ALNY
$31.6B
| $44.7M | 2.85% |
375,000
-72,000
| -16% | -$9.28M |
|
14
CF Industries
CF
$19.6B
| $38.4M | 2.45% |
+1,017,645
| New | +$41.4M |
|
|
P
15
DELISTED
Pandora Media Inc
P
| $36.8M | 2.35% |
7,320,000
-3,895,000
| -35% | -$18.6M |
|
|
RSPP
16
DELISTED
RSP Permian, Inc.
RSPP
| $36.6M | 2.34% |
780,000
+120,000
| +18% | +$4.72M |
|
17
Diamondback Energy
FANG
$59B
| $32.3M | 2.06% |
255,000
+40,000
| +19% | +$5.04M |
|
|
18
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $31.6M | 2.02% |
+120,000
| New | +$32.8M |
|
|
CLR
19
DELISTED
CONTINENTAL RESOURCES INC.
CLR
| $28.9M | 1.85% |
+490,000
| New | +$26.4M |
|
|
PXD
20
DELISTED
Pioneer Natural Resource Co.
PXD
| $19.8M | 1.26% |
+115,000
| New | +$20.3M |
|
|
HTZ
21
DELISTED
Hertz Global Holdings, Inc.
HTZ
| $14.2M | 0.91% |
822,965
+328,035
| +66% | +$6.01M |
|
|
22
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$809B
| $11.7M | 0.75% |
+44,500
| New | +$12.1M |
|
|
23
CALL
Invesco QQQ Trust
QQQ
$486B
| $9.61M | 0.61% |
+60,000
| New | +$9.91M |
|
24
DexCom
DXCM
$34.8B
| $6.9M | 0.44% |
372,000
+92,000
| +33% | +$1.36M |
|
25
VanEck Gold Miners ETF
GDX
$31.8B
| $6.64M | 0.42% |
302,000
-3,000
| -1% | -$67.7K |
|
Similar funds
David Greenspan's Q1 2018 Portfolio in Review
As of Q1 2018, David Greenspan held 37 positions worth $1.56B, up 54% from $1.02B the previous quarter. Its ten largest holdings account for 72% of the portfolio.
David Greenspan deployed $524M of net new capital in Q1 2018, opening 14 new positions and adding to 6 existing holdings. Its largest new stake was State Street SPDR S&P 500 ETF Trust: 580,000 shares worth $153M.
By sector, the portfolio is most concentrated in Communication Services at 23% of assets, down from 32% a quarter earlier, followed by Materials and Consumer Discretionary.
On the sell side, the largest reduction was Twitter, Inc., an estimated $94.9M trimmed.
- David Greenspan's largest Q1 2018 buy was State Street SPDR S&P 500 ETF Trust: 580,000 shares worth $153M.
- David Greenspan added most to Charter Communications in Q1 2018, an estimated $36.5M increase.
- David Greenspan's biggest Q1 2018 reduction was Twitter, Inc., cutting an estimated $94.9M.
- David Greenspan fully exited DXC Technology in Q1 2018, selling an estimated $76.9M.
- David Greenspan's ten largest holdings make up 72% of its $1.56B portfolio in Q1 2018.
- David Greenspan opened 14 new positions and closed 8 in Q1 2018.
- David Greenspan's portfolio value rose 54% quarter-over-quarter to $1.56B.
Based on Slate Path Capital's 13F filing for Q1 2018, filed 15 May 2018.