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 |
FYBR
Frontier Communications
FYBR
|
+$125M |
| 2 |
SFIX
Stitch Fix
SFIX
|
+$118M |
| 3 |
Coinbase
COIN
|
+$45.4M |
| 4 |
Antero Resources
AR
|
+$37.2M |
| 5 |
EXE
Expand Energy Corp
EXE
|
+$36.8M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Freeport-McMoran
FCX
|
+$106M |
| 2 |
The Mosaic Company
MOS
|
+$64.6M |
| 3 |
New York Times
NYT
|
+$24.9M |
| 4 |
NOV
NOV
|
+$17.9M |
| 5 |
Cheniere Energy
LNG
|
+$17.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 35.4% |
| 2 | Energy | 19.61% |
| 3 | Materials | 14.43% |
| 4 | Healthcare | 13.52% |
| 5 | Consumer Discretionary | 8.54% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Charter Communications
CHTR
$17.9B
| $265M | 14.83% |
368,000
-12,000
| -3% | -$8.08M |
|
2
Viatris
VTRS
$18.7B
| $169M | 9.45% |
11,835,000
| – | – |
|
|
SFIX
3
Stitch Fix
SFIX
$446M
| $153M | 8.54% |
2,534,320
+2,304,320
| +1,002% | +$118M |
|
|
FYBR
4
DELISTED
Frontier Communications
FYBR
| $131M | 7.35% |
+4,981,000
| New | +$125M |
|
5
Warner Music
WMG
$14.2B
| $113M | 6.31% |
3,134,779
| – | – |
|
|
6
The Mosaic Company
MOS
$7.76B
| $106M | 5.9% |
3,310,000
-1,905,000
| -37% | -$64.6M |
|
|
7
Cheniere Energy
LNG
$57.3B
| $104M | 5.81% |
1,200,000
-210,000
| -15% | -$17.1M |
|
|
EXE
8
Expand Energy Corp
EXE
$22.2B
| $104M | 5.81% |
2,002,000
+737,000
| +58% | +$36.8M |
|
9
Pan American Silver
PAAS
$22B
| $98.5M | 5.5% |
3,448,000
| – | – |
|
|
LBRDK
10
DELISTED
Liberty Broadband Class C
LBRDK
| $81.6M | 4.56% |
470,000
-50,000
| -10% | -$8.04M |
|
|
11
Antero Resources
AR
$11.7B
| $47.6M | 2.66% |
+3,170,000
| New | +$37.2M |
|
|
X
12
DELISTED
US Steel
X
| $44.9M | 2.51% |
1,870,000
| – | – |
|
|
13
Coinbase
COIN
$49.2B
| $44.3M | 2.48% |
+175,000
| New | +$45.4M |
|
|
14
New York Times
NYT
$10.6B
| $42.2M | 2.35% |
968,000
-560,000
| -37% | -$24.9M |
|
|
RTPYU
15
DELISTED
Reinvent Technology Partners Y Unit
RTPYU
| $35.3M | 1.97% |
3,500,000
| – | – |
|
16
SM Energy
SM
$8.85B
| $29.1M | 1.62% |
1,180,000
-390,000
| -25% | -$7.56M |
|
17
Cyclerion Therapeutics
CYCN
$18.2M
| $27.9M | 1.56% |
357,880
+48,077
| +16% | +$3.01M |
|
18
Comstock Resources
CRK
$4.18B
| $23.9M | 1.34% |
+3,590,000
| New | +$20.7M |
|
19
Cameco
CCJ
$44.6B
| $21.6M | 1.21% |
1,125,000
| – | – |
|
20
California Resources
CRC
$4.73B
| $20.8M | 1.16% |
690,000
+330,000
| +92% | +$9.08M |
|
|
RTPZ.U
21
DELISTED
Reinvent Technology Partners Z Units, each consisting of one Class A ordinary share and one-fifth o
RTPZ.U
| $18M | 1% |
1,750,000
| – | – |
|
22
Cue Biopharma
CUE
$174M
| $17.3M | 0.97% |
49,454
| – | – |
|
|
NEXI
23
DELISTED
NexImmune, Inc. Common Stock
NEXI
| $15.1M | 0.84% |
37,000
| – | – |
|
24
VanEck Junior Gold Miners ETF
GDXJ
$9.69B
| $13.3M | 0.74% |
+285,000
| New | +$14.4M |
|
25
Organon & Co
OGN
$3.61B
| $12.7M | 0.71% |
+420,000
| New | +$13.8M |
|
Similar funds
David Greenspan's Q2 2021 Portfolio in Review
As of Q2 2021, David Greenspan held 47 positions worth $1.79B, up 16% from $1.54B the previous quarter. Its ten largest holdings account for 74% of the portfolio.
David Greenspan deployed $109M of net new capital in Q2 2021, opening 11 new positions and adding to 4 existing holdings. Its largest new stake was Frontier Communications: 4,981,000 shares worth $131M.
By sector, the portfolio is most concentrated in Communication Services at 35% of assets, up from 32% a quarter earlier, followed by Energy and Materials.
On the sell side, the largest reduction was The Mosaic Company, an estimated $64.6M trimmed.
- David Greenspan's largest Q2 2021 buy was Frontier Communications: 4,981,000 shares worth $131M.
- David Greenspan added most to Stitch Fix in Q2 2021, an estimated $118M increase.
- David Greenspan's biggest Q2 2021 reduction was The Mosaic Company, cutting an estimated $64.6M.
- David Greenspan fully exited Freeport-McMoran in Q2 2021, selling an estimated $106M.
- David Greenspan's ten largest holdings make up 74% of its $1.79B portfolio in Q2 2021.
- David Greenspan opened 11 new positions and closed 10 in Q2 2021.
- David Greenspan's portfolio value rose 16% quarter-over-quarter to $1.79B.
Based on Slate Path Capital's 13F filing for Q2 2021, filed 16 Aug 2021.