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 |
The Mosaic Company
MOS
|
+$72.1M |
| 2 |
Zillow
Z
|
+$66.3M |
| 3 |
MDCO
Medicines Co
MDCO
|
+$44.9M |
| 4 |
Kirby Corp
KEX
|
+$43.3M |
| 5 |
Lyft
LYFT
|
+$37M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VanEck Gold Miners ETF
GDX
|
+$84.1M |
| 2 |
Snap
SNAP
|
+$38.9M |
| 3 |
ARNA
Arena Pharmaceuticals Inc
ARNA
|
+$9.64M |
| 4 |
Green Plains
GPRE
|
+$4.87M |
| 5 |
Banco Macro
BMA
|
+$1.97M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 32.69% |
| 2 | Materials | 14.28% |
| 3 | Industrials | 9.71% |
| 4 | Healthcare | 8.17% |
| 5 | Technology | 3.5% |
| 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
| $586M | 26.28% |
+2,000,000
| New | +$576M |
|
|
2
Snap
SNAP
$8.86B
| $270M | 12.13% |
18,910,000
-3,180,000
| -14% | -$38.9M |
|
3
Charter Communications
CHTR
$17.9B
| $203M | 9.09% |
513,000
+53,000
| +12% | +$19.9M |
|
|
B
4
Barrick Mining
B
$78.3B
| $196M | 8.78% |
12,415,000
+900,000
| +8% | +$11.9M |
|
|
MDCO
5
DELISTED
Medicines Co
MDCO
| $129M | 5.8% |
3,545,000
+1,375,000
| +63% | +$44.9M |
|
6
New York Times
NYT
$10.6B
| $124M | 5.55% |
3,790,000
| – | – |
|
|
7
Zillow
Z
$8.07B
| $124M | 5.55% |
2,665,000
+1,665,000
| +167% | +$66.3M |
|
8
GE Aerospace
GE
$361B
| $109M | 4.87% |
2,076,589
| – | – |
|
|
9
Kirby Corp
KEX
$7.39B
| $108M | 4.84% |
1,365,000
+540,000
| +65% | +$43.3M |
|
|
10
The Mosaic Company
MOS
$7.76B
| $74M | 3.32% |
+2,955,000
| New | +$72.1M |
|
11
Ally Financial
ALLY
$13.1B
| $71.6M | 3.21% |
2,310,000
| – | – |
|
12
Alnylam Pharmaceuticals
ALNY
$31.6B
| $44.6M | 2% |
615,000
+135,000
| +28% | +$10.4M |
|
|
13
Lyft
LYFT
$6.61B
| $40.4M | 1.81% |
+615,000
| New | +$37M |
|
14
Uber
UBER
$161B
| $37.6M | 1.69% |
+810,000
| New | +$34.4M |
|
15
Pan American Silver
PAAS
$22B
| $26.6M | 1.19% |
2,060,000
| – | – |
|
|
16
VanEck Gold Miners ETF
GDX
$31.8B
| $25.6M | 1.15% |
1,000,000
-3,815,000
| -79% | -$84.1M |
|
17
CALL
Invesco QQQ Trust
QQQ
$486B
| $10.6M | 0.47% |
+56,500
| New | +$10.4M |
|
18
Zillow
ZG
$8.27B
| $8.47M | 0.38% |
185,000
| – | – |
|
19
Cyclerion Therapeutics
CYCN
$18.2M
| $8.18M | 0.37% |
+35,701
| New | +$10.1M |
|
20
CF Industries
CF
$19.6B
| $4.72M | 0.21% |
+101,000
| New | +$4.38M |
|
21
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $4.03M | 0.18% |
+94,000
| New | +$3.99M |
|
|
22
CALL
Snap
SNAP
$8.86B
| $3.86M | 0.17% |
270,000
| – | – |
|
23
Wheaton Precious Metals
WPM
$71.7B
| $3.75M | 0.17% |
155,000
-43,000
| -22% | -$954K |
|
24
Corteva
CTVA
$54.6B
| $3.25M | 0.15% |
+110,000
| New | +$2.96M |
|
|
X
25
DELISTED
US Steel
X
| $3.21M | 0.14% |
+210,000
| New | +$3.24M |
|
Similar funds
David Greenspan's Q2 2019 Portfolio in Review
As of Q2 2019, David Greenspan held 32 positions worth $2.23B, up 81% from $1.23B the previous quarter. Its ten largest holdings account for 86% of the portfolio.
David Greenspan deployed $811M of net new capital in Q2 2019, opening 11 new positions and adding to 6 existing holdings. Its largest new stake was The Mosaic Company: 2,955,000 shares worth $74M.
By sector, the portfolio is most concentrated in Communication Services at 33% of assets, down from 46% a quarter earlier, followed by Materials and Industrials.
On the sell side, the largest reduction was VanEck Gold Miners ETF, an estimated $84.1M trimmed.
- David Greenspan's largest Q2 2019 buy was The Mosaic Company: 2,955,000 shares worth $74M.
- David Greenspan added most to Zillow in Q2 2019, an estimated $66.3M increase.
- David Greenspan's biggest Q2 2019 reduction was VanEck Gold Miners ETF, cutting an estimated $84.1M.
- David Greenspan fully exited Arena Pharmaceuticals Inc in Q2 2019, selling an estimated $9.64M.
- David Greenspan's ten largest holdings make up 86% of its $2.23B portfolio in Q2 2019.
- David Greenspan opened 11 new positions and closed 2 in Q2 2019.
- David Greenspan's portfolio value rose 81% quarter-over-quarter to $2.23B.
Based on Slate Path Capital's 13F filing for Q2 2019, filed 14 Aug 2019.