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 |
Warner Music
WMG
|
+$156M |
| 2 |
VanEck Junior Gold Miners ETF
GDXJ
|
+$29M |
| 3 |
EQT Corp
EQT
|
+$21.9M |
| 4 |
NOV
NOV
|
+$20.2M |
| 5 |
Baker Hughes
BKR
|
+$17.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
B
Barrick Mining
B
|
+$98.1M |
| 2 |
Snap
SNAP
|
+$88.9M |
| 3 |
Bausch Health
BHC
|
+$65.8M |
| 4 |
New York Times
NYT
|
+$28.7M |
| 5 |
Charter Communications
CHTR
|
+$19.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 41.5% |
| 2 | Materials | 28.72% |
| 3 | Healthcare | 18.42% |
| 4 | Energy | 4.81% |
| 5 | Industrials | 4.09% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Charter Communications
CHTR
$17.9B
| $172M | 10.14% |
337,000
-39,000
| -10% | -$19.8M |
|
|
B
2
Barrick Mining
B
$78.3B
| $168M | 9.88% |
6,218,000
-3,927,000
| -39% | -$98.1M |
|
3
Viatris
VTRS
$18.7B
| $164M | 9.67% |
10,195,000
-590,000
| -5% | -$9.56M |
|
|
4
New York Times
NYT
$10.6B
| $149M | 8.78% |
3,540,000
-790,000
| -18% | -$28.7M |
|
|
5
Warner Music
WMG
$14.2B
| $148M | 8.7% |
+5,000,000
| New | +$156M |
|
6
Pan American Silver
PAAS
$22B
| $126M | 7.46% |
4,160,000
-270,000
| -6% | -$6.4M |
|
7
Zillow
Z
$8.07B
| $117M | 6.9% |
2,030,000
-120,000
| -6% | -$5.96M |
|
|
8
Snap
SNAP
$8.86B
| $108M | 6.35% |
4,585,000
-5,000,000
| -52% | -$88.9M |
|
9
The Mosaic Company
MOS
$7.76B
| $98.3M | 5.8% |
7,855,000
+1,310,000
| +20% | +$15.7M |
|
10
Freeport-McMoran
FCX
$110B
| $87.1M | 5.14% |
7,530,000
| – | – |
|
11
Alnylam Pharmaceuticals
ALNY
$31.6B
| $86.5M | 5.1% |
584,000
-134,000
| -19% | -$18.1M |
|
12
Kirby Corp
KEX
$7.39B
| $69.4M | 4.09% |
1,296,000
| – | – |
|
|
13
VanEck Junior Gold Miners ETF
GDXJ
$9.69B
| $34M | 2% |
+685,000
| New | +$29M |
|
14
Ironwood Pharmaceuticals
IRWD
$709M
| $27.2M | 1.61% |
2,640,000
+1,300,000
| +97% | +$13.3M |
|
15
Cue Biopharma
CUE
$174M
| $21.3M | 1.26% |
29,023
| – | – |
|
|
16
NOV
NOV
$7.28B
| $20.2M | 1.19% |
+1,645,000
| New | +$20.2M |
|
|
17
EQT Corp
EQT
$33.6B
| $19.9M | 1.17% |
+1,670,000
| New | +$21.9M |
|
|
18
Baker Hughes
BKR
$61.9B
| $18.1M | 1.07% |
+1,175,000
| New | +$17.2M |
|
19
Zillow
ZG
$8.27B
| $10.6M | 0.63% |
185,000
| – | – |
|
20
Cyclerion Therapeutics
CYCN
$18.2M
| $7.07M | 0.42% |
59,803
| – | – |
|
21
Range Resources
RRC
$9.59B
| $6.76M | 0.4% |
+1,200,000
| New | +$6.66M |
|
22
Atara Biotherapeutics
ATRA
$97.4M
| $6.12M | 0.36% |
16,800
| – | – |
|
|
SWN
23
DELISTED
Southwestern Energy Company
SWN
| $5.38M | 0.32% |
+2,100,000
| New | +$5.99M |
|
24
Green Plains
GPRE
$1.14B
| $4.85M | 0.29% |
+475,000
| New | +$3.5M |
|
25
CNX Resources
CNX
$5.38B
| $4.33M | 0.26% |
+500,000
| New | +$5.03M |
|
Similar funds
David Greenspan's Q2 2020 Portfolio in Review
As of Q2 2020, David Greenspan held 40 positions worth $1.7B, up 30% from $1.3B the previous quarter. Its ten largest holdings account for 79% of the portfolio.
David Greenspan withdrew a net $74.9M in Q2 2020, closing 7 positions and reducing 9 holdings. Its most notable exit was Bausch Health, an estimated $65.8M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 41% of assets, up from 38% a quarter earlier, followed by Materials and Healthcare.
Against the trend, David Greenspan opened a new position in Warner Music worth $148M.
- David Greenspan's largest Q2 2020 buy was Warner Music: 5,000,000 shares worth $148M.
- David Greenspan added most to The Mosaic Company in Q2 2020, an estimated $15.7M increase.
- David Greenspan's biggest Q2 2020 reduction was Barrick Mining, cutting an estimated $98.1M.
- David Greenspan fully exited Bausch Health in Q2 2020, selling an estimated $65.8M.
- David Greenspan's ten largest holdings make up 79% of its $1.7B portfolio in Q2 2020.
- David Greenspan opened 14 new positions and closed 7 in Q2 2020.
- David Greenspan's portfolio value rose 30% quarter-over-quarter to $1.7B.
Based on Slate Path Capital's 13F filing for Q2 2020, filed 14 Aug 2020.