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 |
Snap
SNAP
|
+$76.4M |
| 2 |
Kirby Corp
KEX
|
+$60.1M |
| 3 |
GE Aerospace
GE
|
+$46.6M |
| 4 |
Zillow
Z
|
+$35.7M |
| 5 |
Charter Communications
CHTR
|
+$33.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
The Mosaic Company
MOS
|
+$89.5M |
| 2 |
CF Industries
CF
|
+$68.1M |
| 3 |
VanEck Gold Miners ETF
GDX
|
+$34.1M |
| 4 |
GG
Goldcorp Inc
GG
|
+$7.3M |
| 5 |
iShares MSCI Emerging Markets ETF
EEM
|
+$4.3M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 46.06% |
| 2 | Materials | 16.3% |
| 3 | Industrials | 13.4% |
| 4 | Healthcare | 9.33% |
| 5 | Financials | 5.3% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Snap
SNAP
$8.86B
| $243M | 19.72% |
22,090,000
+8,985,000
| +69% | +$76.4M |
|
|
2
Charter Communications
CHTR
$17.9B
| $160M | 12.93% |
460,000
+101,000
| +28% | +$33.3M |
|
|
B
3
Barrick Mining
B
$78.3B
| $158M | 12.79% |
11,515,000
+1,540,000
| +15% | +$19.9M |
|
4
New York Times
NYT
$10.6B
| $125M | 10.09% |
3,790,000
+465,000
| +14% | +$13.8M |
|
|
5
VanEck Gold Miners ETF
GDX
$31.8B
| $108M | 8.75% |
4,815,000
-1,550,000
| -24% | -$34.1M |
|
|
6
GE Aerospace
GE
$361B
| $103M | 8.38% |
2,076,589
+989,460
| +91% | +$46.6M |
|
7
Ally Financial
ALLY
$13.1B
| $63.5M | 5.14% |
2,310,000
| – | – |
|
|
8
Kirby Corp
KEX
$7.39B
| $62M | 5.02% |
+825,000
| New | +$60.1M |
|
|
MDCO
9
DELISTED
Medicines Co
MDCO
| $60.7M | 4.91% |
2,170,000
+95,000
| +5% | +$2.24M |
|
10
Alnylam Pharmaceuticals
ALNY
$31.6B
| $44.9M | 3.63% |
480,000
| – | – |
|
|
11
Zillow
Z
$8.07B
| $34.7M | 2.81% |
+1,000,000
| New | +$35.7M |
|
12
Pan American Silver
PAAS
$22B
| $27.3M | 2.21% |
2,060,000
+1,791,000
| +666% | +$25.1M |
|
13
Green Plains
GPRE
$1.14B
| $10.2M | 0.82% |
+610,000
| New | +$9.15M |
|
|
ARNA
14
DELISTED
Arena Pharmaceuticals Inc
ARNA
| $9.64M | 0.78% |
+215,000
| New | +$9.86M |
|
15
Zillow
ZG
$8.27B
| $6.33M | 0.51% |
185,000
+99,000
| +115% | +$3.5M |
|
16
Wheaton Precious Metals
WPM
$71.7B
| $4.72M | 0.38% |
198,000
| – | – |
|
17
Tidewater
TDW
$4.74B
| $4.41M | 0.36% |
190,000
| – | – |
|
|
SDRL
18
DELISTED
Seadrill Limited Common Stock
SDRL
| $3.24M | 0.26% |
390,000
| – | – |
|
|
19
CALL
Snap
SNAP
$8.86B
| $2.98M | 0.24% |
270,000
| – | – |
|
20
Banco Macro
BMA
$4.66B
| $1.97M | 0.16% |
+43,000
| New | +$2.21M |
|
21
First Majestic Silver
AG
$10.4B
| $1.12M | 0.09% |
170,000
| – | – |
|
|
22
CF Industries
CF
$19.6B
| – | – |
-1,565,000
| Closed | -$68.1M |
|
|
23
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| – | – |
-110,000
| Closed | -$4.3M |
|
|
24
The Mosaic Company
MOS
$7.76B
| – | – |
-3,065,000
| Closed | -$89.5M |
|
25
PUT
Invesco QQQ Trust
QQQ
$486B
| – | – |
-65,000
| Closed | -$10M |
|
Similar funds
David Greenspan's Q1 2019 Portfolio in Review
As of Q1 2019, David Greenspan held 27 positions worth $1.23B, up 39% from $887M the previous quarter. Its ten largest holdings account for 91% of the portfolio.
David Greenspan deployed $121M of net new capital in Q1 2019, opening 5 new positions and adding to 8 existing holdings. Its largest new stake was Kirby Corp: 825,000 shares worth $62M.
By sector, the portfolio is most concentrated in Communication Services at 46% of assets, up from 28% a quarter earlier, followed by Materials and Industrials.
On the sell side, the largest reduction was VanEck Gold Miners ETF, an estimated $34.1M trimmed.
- David Greenspan's largest Q1 2019 buy was Kirby Corp: 825,000 shares worth $62M.
- David Greenspan added most to Snap in Q1 2019, an estimated $76.4M increase.
- David Greenspan's biggest Q1 2019 reduction was VanEck Gold Miners ETF, cutting an estimated $34.1M.
- David Greenspan fully exited The Mosaic Company in Q1 2019, selling an estimated $89.5M.
- David Greenspan's ten largest holdings make up 91% of its $1.23B portfolio in Q1 2019.
- David Greenspan opened 5 new positions and closed 6 in Q1 2019.
- David Greenspan's portfolio value rose 39% quarter-over-quarter to $1.23B.
Based on Slate Path Capital's 13F filing for Q1 2019, filed 15 May 2019.