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 |
EXE
Expand Energy Corp
EXE
|
+$55.8M |
| 2 |
RTPYU
Reinvent Technology Partners Y Unit
RTPYU
|
+$35.2M |
| 3 |
Cheniere Energy
LNG
|
+$28.7M |
| 4 |
X
US Steel
X
|
+$27.8M |
| 5 |
Charter Communications
CHTR
|
+$26.9M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
SFIX
Stitch Fix
SFIX
|
+$143M |
| 2 |
MP Materials
MP
|
+$129M |
| 3 |
New York Times
NYT
|
+$118M |
| 4 |
Freeport-McMoran
FCX
|
+$83.2M |
| 5 |
The Mosaic Company
MOS
|
+$50.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 32.27% |
| 2 | Materials | 29.58% |
| 3 | Energy | 15.48% |
| 4 | Healthcare | 15.07% |
| 5 | Consumer Discretionary | 1.04% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Charter Communications
CHTR
$17.9B
| $234M | 15.21% |
380,000
+43,000
| +13% | +$26.9M |
|
2
Viatris
VTRS
$18.7B
| $165M | 10.72% |
11,835,000
| – | – |
|
|
3
The Mosaic Company
MOS
$7.76B
| $165M | 10.69% |
5,215,000
-1,725,000
| -25% | -$50.9M |
|
4
Warner Music
WMG
$14.2B
| $108M | 6.98% |
3,134,779
-1,355,221
| -30% | -$48.5M |
|
|
5
Freeport-McMoran
FCX
$110B
| $106M | 6.89% |
3,225,000
-2,565,000
| -44% | -$83.2M |
|
6
Pan American Silver
PAAS
$22B
| $104M | 6.72% |
3,448,000
| – | – |
|
|
7
Cheniere Energy
LNG
$57.3B
| $102M | 6.59% |
1,410,000
+420,000
| +42% | +$28.7M |
|
|
LBRDK
8
DELISTED
Liberty Broadband Class C
LBRDK
| $78.1M | 5.06% |
520,000
| – | – |
|
|
9
New York Times
NYT
$10.6B
| $77.3M | 5.02% |
1,528,000
-2,352,000
| -61% | -$118M |
|
|
EXE
10
Expand Energy Corp
EXE
$22.2B
| $54.9M | 3.56% |
+1,265,000
| New | +$55.8M |
|
|
X
11
DELISTED
US Steel
X
| $48.9M | 3.17% |
1,870,000
+1,410,000
| +307% | +$27.8M |
|
|
RTPYU
12
DELISTED
Reinvent Technology Partners Y Unit
RTPYU
| $35.1M | 2.28% |
+3,500,000
| New | +$35.2M |
|
13
SM Energy
SM
$8.85B
| $25.7M | 1.67% |
1,570,000
| – | – |
|
14
Cameco
CCJ
$44.6B
| $18.7M | 1.21% |
1,125,000
+955,000
| +562% | +$14.7M |
|
15
Cue Biopharma
CUE
$174M
| $18.1M | 1.17% |
49,454
| – | – |
|
|
RTPZ.U
16
DELISTED
Reinvent Technology Partners Z Units, each consisting of one Class A ordinary share and one-fifth o
RTPZ.U
| $17.9M | 1.16% |
1,750,000
| – | – |
|
17
NOV
NOV
$7.28B
| $17.9M | 1.16% |
1,305,000
| – | – |
|
|
NEXI
18
DELISTED
NexImmune, Inc. Common Stock
NEXI
| $17.6M | 1.14% |
+37,000
| New | +$20.1M |
|
19
Cyclerion Therapeutics
CYCN
$18.2M
| $17.3M | 1.12% |
309,803
| – | – |
|
|
VAPO
20
DELISTED
Vapotherm, Inc. Common Stock
VAPO
| $14.1M | 0.91% |
73,125
-15,625
| -18% | -$3.63M |
|
21
Alcoa
AA
$13.7B
| $12.5M | 0.81% |
+385,000
| New | +$9.74M |
|
|
SFIX
22
Stitch Fix
SFIX
$446M
| $11.4M | 0.74% |
230,000
-2,034,000
| -90% | -$143M |
|
23
Chord Energy
CHRD
$8.09B
| $11.3M | 0.73% |
190,000
| – | – |
|
|
STPC.U
24
DELISTED
Star Peak Corp II Units, each consisting of one share of Class A common stock and one-fourth of one
STPC.U
| $10.5M | 0.68% |
+1,000,000
| New | +$11.6M |
|
|
GLHAU
25
DELISTED
Glass Houses Acquisition Corp. Unit
GLHAU
| $10M | 0.65% |
+1,000,000
| New | +$9.99M |
|
Similar funds
David Greenspan's Q1 2021 Portfolio in Review
As of Q1 2021, David Greenspan held 41 positions worth $1.54B, down 17% from $1.85B the previous quarter. Its ten largest holdings account for 77% of the portfolio.
David Greenspan withdrew a net $352M in Q1 2021, closing 5 positions and reducing 7 holdings. Its most notable exit was MP Materials, an estimated $129M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 32% of assets, down from 37% a quarter earlier, followed by Materials and Energy.
Against the trend, David Greenspan opened a new position in Expand Energy Corp worth $54.9M.
- David Greenspan's largest Q1 2021 buy was Expand Energy Corp: 1,265,000 shares worth $54.9M.
- David Greenspan added most to Cheniere Energy in Q1 2021, an estimated $28.7M increase.
- David Greenspan's biggest Q1 2021 reduction was Stitch Fix, cutting an estimated $143M.
- David Greenspan fully exited MP Materials in Q1 2021, selling an estimated $129M.
- David Greenspan's ten largest holdings make up 77% of its $1.54B portfolio in Q1 2021.
- David Greenspan opened 11 new positions and closed 5 in Q1 2021.
- David Greenspan's portfolio value fell 17% quarter-over-quarter to $1.54B.
Based on Slate Path Capital's 13F filing for Q1 2021, filed 17 May 2021.