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 |
Invivyd
IVVD
|
+$97.1M |
| 2 |
Perimeter Solutions
PRM
|
+$75.9M |
| 3 |
Coinbase
COIN
|
+$65.4M |
| 4 |
New York Times
NYT
|
+$40.3M |
| 5 |
SFIX
Stitch Fix
SFIX
|
+$37.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Viatris
VTRS
|
+$160M |
| 2 |
Charter Communications
CHTR
|
+$100M |
| 3 |
VanEck Gold Miners ETF
GDX
|
+$85.5M |
| 4 |
RTPYU
Reinvent Technology Partners Y Unit
RTPYU
|
+$35.4M |
| 5 |
Joby Aviation
JOBY
|
+$35.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 26.99% |
| 2 | Energy | 25.49% |
| 3 | Materials | 19.23% |
| 4 | Financials | 7% |
| 5 | Real Estate | 5.96% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
EXE
1
Expand Energy Corp
EXE
$22.2B
| $215M | 11.25% |
3,328,000
+476,000
| +17% | +$30.2M |
|
2
Warner Music
WMG
$14.2B
| $135M | 7.09% |
3,134,779
| – | – |
|
3
The Mosaic Company
MOS
$7.76B
| $130M | 6.81% |
3,310,000
| – | – |
|
|
4
Coinbase
COIN
$49.2B
| $129M | 6.74% |
510,000
+225,000
| +79% | +$65.4M |
|
|
FYBR
5
DELISTED
Frontier Communications
FYBR
| $121M | 6.34% |
4,106,000
-875,000
| -18% | -$27.1M |
|
6
Cheniere Energy
LNG
$57.3B
| $111M | 5.82% |
1,095,000
-105,000
| -9% | -$11M |
|
|
7
VanEck Gold Miners ETF
GDX
$31.8B
| $104M | 5.45% |
3,250,000
-2,680,000
| -45% | -$85.5M |
|
8
Opendoor
OPEN
$3.43B
| $98.8M | 5.18% |
6,985,333
+1,519,000
| +28% | +$28.1M |
|
|
9
Charter Communications
CHTR
$17.9B
| $96.9M | 5.08% |
148,571
-147,000
| -50% | -$100M |
|
|
10
New York Times
NYT
$10.6B
| $86.1M | 4.51% |
1,783,000
+815,000
| +84% | +$40.3M |
|
11
Pan American Silver
PAAS
$22B
| $86.1M | 4.51% |
3,448,000
| – | – |
|
|
12
Perimeter Solutions
PRM
$5.15B
| $83.3M | 4.37% |
+6,000,000
| New | +$75.9M |
|
|
SFIX
13
Stitch Fix
SFIX
$446M
| $81M | 4.25% |
4,282,056
+1,300,000
| +44% | +$37.2M |
|
|
LBRDK
14
DELISTED
Liberty Broadband Class C
LBRDK
| $75.7M | 3.97% |
470,000
| – | – |
|
|
X
15
DELISTED
US Steel
X
| $54.8M | 2.87% |
2,300,000
+430,000
| +23% | +$10.1M |
|
16
Antero Resources
AR
$11.7B
| $46.4M | 2.43% |
2,650,000
-1,100,000
| -29% | -$20.8M |
|
17
Comstock Resources
CRK
$4.18B
| $29M | 1.52% |
3,590,000
| – | – |
|
|
18
Invivyd
IVVD
$294M
| $27.1M | 1.42% |
+3,735,000
| New | +$97.1M |
|
19
Cameco
CCJ
$44.6B
| $24.5M | 1.29% |
1,125,000
| – | – |
|
20
EQT Corp
EQT
$33.6B
| $22.7M | 1.19% |
1,040,000
-410,000
| -28% | -$8.58M |
|
21
VanEck Junior Gold Miners ETF
GDXJ
$9.69B
| $21.2M | 1.11% |
505,000
| – | – |
|
|
DEN
22
DELISTED
Denbury Inc.
DEN
| $19.1M | 1% |
+250,000
| New | +$19.8M |
|
|
CIVI
23
DELISTED
Civitas Resources
CIVI
| $18.9M | 0.99% |
+385,000
| New | +$20.5M |
|
24
Cue Biopharma
CUE
$174M
| $16.8M | 0.88% |
49,454
| – | – |
|
|
WE
25
DELISTED
WeWork Inc.
WE
| $14.9M | 0.78% |
+43,316
| New | +$15.9M |
|
Similar funds
David Greenspan's Q4 2021 Portfolio in Review
As of Q4 2021, David Greenspan held 48 positions worth $1.91B, down 13% from $2.19B the previous quarter. Its ten largest holdings account for 64% of the portfolio.
David Greenspan withdrew a net $106M in Q4 2021, closing 8 positions and reducing 6 holdings. Its most notable exit was Viatris, an estimated $160M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 27% of assets, down from 28% a quarter earlier, followed by Energy and Materials.
Against the trend, David Greenspan opened a new position in Invivyd worth $27.1M.
- David Greenspan's largest Q4 2021 buy was Invivyd: 3,735,000 shares worth $27.1M.
- David Greenspan added most to Coinbase in Q4 2021, an estimated $65.4M increase.
- David Greenspan's biggest Q4 2021 reduction was Charter Communications, cutting an estimated $100M.
- David Greenspan fully exited Viatris in Q4 2021, selling an estimated $160M.
- David Greenspan's ten largest holdings make up 64% of its $1.91B portfolio in Q4 2021.
- David Greenspan opened 8 new positions and closed 8 in Q4 2021.
- David Greenspan's portfolio value fell 13% quarter-over-quarter to $1.91B.
Based on Slate Path Capital's 13F filing for Q4 2021, filed 14 Feb 2022.