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 |
Bausch Health
BHC
|
+$145M |
| 2 |
Freeport-McMoran
FCX
|
+$74.6M |
| 3 |
EQT Corp
EQT
|
+$48.6M |
| 4 |
The Mosaic Company
MOS
|
+$37.5M |
| 5 |
Alnylam Pharmaceuticals
ALNY
|
+$19.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MDCO
Medicines Co
MDCO
|
+$192M |
| 2 |
GE Aerospace
GE
|
+$92.5M |
| 3 |
Charter Communications
CHTR
|
+$40.5M |
| 4 |
Cyclerion Therapeutics
CYCN
|
+$10.7M |
| 5 |
New York Times
NYT
|
+$4.81M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 39.37% |
| 2 | Materials | 28.71% |
| 3 | Healthcare | 20.5% |
| 4 | Industrials | 7.2% |
| 5 | Energy | 3.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Snap
SNAP
$8.86B
| $237M | 12.76% |
14,505,000
+65,000
| +0.5% | +$957K |
|
|
2
Charter Communications
CHTR
$17.9B
| $185M | 9.96% |
381,000
-88,000
| -19% | -$40.5M |
|
|
B
3
Barrick Mining
B
$78.3B
| $182M | 9.81% |
9,795,000
| – | – |
|
|
4
Bausch Health
BHC
$2.41B
| $167M | 8.99% |
+5,579,948
| New | +$145M |
|
|
5
New York Times
NYT
$10.6B
| $159M | 8.54% |
4,930,000
-155,000
| -3% | -$4.81M |
|
6
Zillow
Z
$8.07B
| $134M | 7.24% |
2,925,000
| – | – |
|
7
Kirby Corp
KEX
$7.39B
| $134M | 7.2% |
1,493,000
+128,000
| +9% | +$10.6M |
|
|
8
The Mosaic Company
MOS
$7.76B
| $132M | 7.13% |
6,120,000
+1,890,000
| +45% | +$37.5M |
|
|
9
Alnylam Pharmaceuticals
ALNY
$31.6B
| $93.9M | 5.06% |
815,000
+200,000
| +33% | +$19.9M |
|
|
10
Freeport-McMoran
FCX
$110B
| $91.6M | 4.93% |
6,980,000
+6,795,000
| +3,673% | +$74.6M |
|
11
Pan American Silver
PAAS
$22B
| $85.3M | 4.59% |
3,600,000
| – | – |
|
|
MDCO
12
DELISTED
Medicines Co
MDCO
| $69.5M | 3.74% |
818,042
-2,876,958
| -78% | -$192M |
|
|
13
EQT Corp
EQT
$33.6B
| $54.2M | 2.92% |
+4,970,000
| New | +$48.6M |
|
14
Sibanye-Stillwater
SBSW
$8.9B
| $39.1M | 2.1% |
3,935,000
+1,438,747
| +58% | +$11.1M |
|
|
RETA
15
DELISTED
Reata Pharmaceuticals, Inc. Class A Common Stock
RETA
| $24.5M | 1.32% |
120,000
| – | – |
|
16
CALL
iShares MSCI Emerging Markets ETF
EEM
$30.7B
| $14.9M | 0.8% |
333,000
| – | – |
|
17
Cue Biopharma
CUE
$174M
| $14.1M | 0.76% |
29,667
| – | – |
|
18
uniQure
QURE
$3.36B
| $10M | 0.54% |
+140,000
| New | +$7.69M |
|
19
Zillow
ZG
$8.27B
| $8.46M | 0.46% |
185,000
| – | – |
|
|
I
20
DELISTED
INTELSAT S. A.
I
| $7.73M | 0.42% |
1,100,000
| – | – |
|
|
LX
21
LexinFintech Holdings
LX
$219M
| $3.13M | 0.17% |
225,000
| – | – |
|
22
Tidewater
TDW
$4.74B
| $2.12M | 0.11% |
110,000
| – | – |
|
|
APRN
23
DELISTED
Blue Apron Holdings, Inc. Class A Common Stock
APRN
| $2.11M | 0.11% |
26,667
| – | – |
|
24
First Majestic Silver
AG
$10.4B
| $2.08M | 0.11% |
170,000
| – | – |
|
|
25
CALL
Snap
SNAP
$8.86B
| $1.8M | 0.1% |
110,000
| – | – |
|
Similar funds
David Greenspan's Q4 2019 Portfolio in Review
As of Q4 2019, David Greenspan held 33 positions worth $1.86B, up 23% from $1.51B the previous quarter. Its ten largest holdings account for 82% of the portfolio.
David Greenspan's Q4 2019 filing shows 4 new, 6 increased, 3 reduced and 6 closed positions. Its largest new stake was Bausch Health: 5,579,948 shares worth $167M. The largest sale was Medicines Co, an estimated $192M.
By sector, the portfolio is most concentrated in Communication Services at 39% of assets, down from 45% a quarter earlier, followed by Materials and Healthcare.
- David Greenspan's largest Q4 2019 buy was Bausch Health: 5,579,948 shares worth $167M.
- David Greenspan added most to Freeport-McMoran in Q4 2019, an estimated $74.6M increase.
- David Greenspan's biggest Q4 2019 reduction was Medicines Co, cutting an estimated $192M.
- David Greenspan fully exited GE Aerospace in Q4 2019, selling an estimated $92.5M.
- David Greenspan's ten largest holdings make up 82% of its $1.86B portfolio in Q4 2019.
- David Greenspan opened 4 new positions and closed 6 in Q4 2019.
- David Greenspan's portfolio value rose 23% quarter-over-quarter to $1.86B.
Based on Slate Path Capital's 13F filing for Q4 2019, filed 14 Feb 2020.