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 |
VanEck Gold Miners ETF
GDX
|
+$155M |
| 2 |
Ferguson
FERG
|
+$87.2M |
| 3 |
Snap
SNAP
|
+$43.6M |
| 4 |
VanEck Junior Gold Miners ETF
GDXJ
|
+$35M |
| 5 |
EQT Corp
EQT
|
+$14.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ovintiv
OVV
|
+$50.6M |
| 2 |
Cheniere Energy
LNG
|
+$50.5M |
| 3 |
EXE
Expand Energy Corp
EXE
|
+$47M |
| 4 |
NOV
NOV
|
+$11.8M |
| 5 |
Transocean
RIG
|
+$10.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 32.7% |
| 2 | Communication Services | 23.22% |
| 3 | Materials | 12.61% |
| 4 | Real Estate | 7.39% |
| 5 | Industrials | 4.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
EXE
1
Expand Energy Corp
EXE
$22.2B
| $204M | 12.75% |
2,518,000
-520,000
| -17% | -$47M |
|
|
2
VanEck Gold Miners ETF
GDX
$31.8B
| $126M | 7.87% |
+4,600,000
| New | +$155M |
|
|
FYBR
3
DELISTED
Frontier Communications
FYBR
| $96.7M | 6.04% |
4,106,000
| – | – |
|
|
4
Ferguson
FERG
$46.9B
| $79.7M | 4.98% |
+720,000
| New | +$87.2M |
|
5
Pan American Silver
PAAS
$22B
| $76.5M | 4.78% |
3,888,000
| – | – |
|
6
Warner Music
WMG
$14.2B
| $76.4M | 4.77% |
3,134,779
| – | – |
|
|
7
VanEck Junior Gold Miners ETF
GDXJ
$9.69B
| $74.4M | 4.65% |
2,325,000
+850,000
| +58% | +$35M |
|
|
WE
8
DELISTED
WeWork Inc.
WE
| $73.1M | 4.57% |
364,000
| – | – |
|
9
Charter Communications
CHTR
$17.9B
| $69.6M | 4.35% |
148,571
| – | – |
|
10
Perimeter Solutions
PRM
$5.15B
| $65M | 4.06% |
6,000,000
| – | – |
|
|
11
EQT Corp
EQT
$33.6B
| $63.5M | 3.96% |
1,845,000
+355,000
| +24% | +$14.6M |
|
|
LBRDK
12
DELISTED
Liberty Broadband Class C
LBRDK
| $54.4M | 3.39% |
470,000
| – | – |
|
|
CIVI
13
DELISTED
Civitas Resources
CIVI
| $51.9M | 3.24% |
993,000
| – | – |
|
|
X
14
DELISTED
US Steel
X
| $50.5M | 3.15% |
2,818,000
+208,000
| +8% | +$5.69M |
|
15
New York Times
NYT
$10.6B
| $49.7M | 3.11% |
1,783,000
| – | – |
|
|
16
Cheniere Energy
LNG
$57.3B
| $48.2M | 3.01% |
362,000
-371,000
| -51% | -$50.5M |
|
17
Opendoor
OPEN
$3.43B
| $45.3M | 2.83% |
9,930,333
+1,839,333
| +23% | +$12.1M |
|
|
18
NOV
NOV
$7.28B
| $44M | 2.75% |
2,600,000
-625,000
| -19% | -$11.8M |
|
|
19
Transocean
RIG
$6.61B
| $35.7M | 2.23% |
10,714,545
-2,700,000
| -20% | -$10.9M |
|
20
Antero Resources
AR
$11.7B
| $26.8M | 1.68% |
875,000
| – | – |
|
|
21
Snap
SNAP
$8.86B
| $25.1M | 1.57% |
+1,910,000
| New | +$43.6M |
|
22
Coinbase
COIN
$49.2B
| $24.9M | 1.56% |
530,000
+87,000
| +20% | +$8.28M |
|
23
Cameco
CCJ
$44.6B
| $19.9M | 1.24% |
945,000
| – | – |
|
24
California Resources
CRC
$4.73B
| $17.7M | 1.11% |
460,859
-79,141
| -15% | -$3.39M |
|
|
SFIX
25
Stitch Fix
SFIX
$446M
| $17M | 1.06% |
3,432,056
-850,000
| -20% | -$7.11M |
|
Similar funds
David Greenspan's Q2 2022 Portfolio in Review
As of Q2 2022, David Greenspan held 50 positions worth $1.6B, down 18% from $1.95B the previous quarter. Its ten largest holdings account for 59% of the portfolio.
David Greenspan deployed $184M of net new capital in Q2 2022, opening 7 new positions and adding to 5 existing holdings. Its largest new stake was VanEck Gold Miners ETF: 4,600,000 shares worth $126M.
By sector, the portfolio is most concentrated in Energy at 33% of assets, down from 37% a quarter earlier, followed by Communication Services and Materials.
On the sell side, the largest reduction was Cheniere Energy, an estimated $50.5M trimmed.
- David Greenspan's largest Q2 2022 buy was VanEck Gold Miners ETF: 4,600,000 shares worth $126M.
- David Greenspan added most to VanEck Junior Gold Miners ETF in Q2 2022, an estimated $35M increase.
- David Greenspan's biggest Q2 2022 reduction was Cheniere Energy, cutting an estimated $50.5M.
- David Greenspan fully exited Ovintiv in Q2 2022, selling an estimated $50.6M.
- David Greenspan's ten largest holdings make up 59% of its $1.6B portfolio in Q2 2022.
- David Greenspan opened 7 new positions and closed 2 in Q2 2022.
- David Greenspan's portfolio value fell 18% quarter-over-quarter to $1.6B.
Based on Slate Path Capital's 13F filing for Q2 2022, filed 15 Aug 2022.