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 |
Teck Resources
TECK
|
+$84.9M |
| 2 |
VanEck Gold Miners ETF
GDX
|
+$68.3M |
| 3 |
X
US Steel
X
|
+$44.2M |
| 4 |
VanEck Junior Gold Miners ETF
GDXJ
|
+$23M |
| 5 |
Snap
SNAP
|
+$19.3M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
EXE
Expand Energy Corp
EXE
|
+$57.2M |
| 2 |
Cheniere Energy
LNG
|
+$48.2M |
| 3 |
EQT Corp
EQT
|
+$46.7M |
| 4 |
NOV
NOV
|
+$28.9M |
| 5 |
Antero Resources
AR
|
+$26.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 22.96% |
| 2 | Energy | 22.29% |
| 3 | Materials | 19.72% |
| 4 | Industrials | 5.23% |
| 5 | Real Estate | 4.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
EXE
1
Expand Energy Corp
EXE
$22.2B
| $180M | 11.7% |
1,909,000
-609,000
| -24% | -$57.2M |
|
|
2
VanEck Gold Miners ETF
GDX
$31.8B
| $176M | 11.45% |
7,300,000
+2,700,000
| +59% | +$68.3M |
|
|
FYBR
3
DELISTED
Frontier Communications
FYBR
| $96.2M | 6.26% |
4,106,000
| – | – |
|
|
4
VanEck Junior Gold Miners ETF
GDXJ
$9.69B
| $90.3M | 5.87% |
3,065,000
+740,000
| +32% | +$23M |
|
|
X
5
DELISTED
US Steel
X
| $88.5M | 5.76% |
4,883,000
+2,065,000
| +73% | +$44.2M |
|
|
6
Teck Resources
TECK
$33.9B
| $83.6M | 5.44% |
+2,750,000
| New | +$84.9M |
|
7
Ferguson
FERG
$46.9B
| $74.1M | 4.82% |
720,000
| – | – |
|
8
Warner Music
WMG
$14.2B
| $72.8M | 4.73% |
3,134,779
| – | – |
|
|
CIVI
9
DELISTED
Civitas Resources
CIVI
| $66M | 4.29% |
1,149,704
+156,704
| +16% | +$9.23M |
|
10
Pan American Silver
PAAS
$22B
| $61.7M | 4.02% |
3,888,000
| – | – |
|
11
Perimeter Solutions
PRM
$5.15B
| $56.1M | 3.65% |
7,001,101
+1,001,101
| +17% | +$10.3M |
|
12
New York Times
NYT
$10.6B
| $51.3M | 3.33% |
1,783,000
| – | – |
|
13
Charter Communications
CHTR
$17.9B
| $45.1M | 2.93% |
148,571
| – | – |
|
|
WE
14
DELISTED
WeWork Inc.
WE
| $35.1M | 2.29% |
331,500
-32,500
| -9% | -$5.84M |
|
|
15
Snap
SNAP
$8.86B
| $35.1M | 2.28% |
3,570,000
+1,660,000
| +87% | +$19.3M |
|
16
Opendoor
OPEN
$3.43B
| $34.8M | 2.26% |
11,552,667
+1,622,334
| +16% | +$7.45M |
|
|
LBRDK
17
DELISTED
Liberty Broadband Class C
LBRDK
| $34.7M | 2.26% |
470,000
| – | – |
|
18
Coinbase
COIN
$49.2B
| $31.9M | 2.07% |
494,000
-36,000
| -7% | -$2.51M |
|
|
19
EQT Corp
EQT
$33.6B
| $31.3M | 2.04% |
768,000
-1,077,000
| -58% | -$46.7M |
|
20
Cameco
CCJ
$44.6B
| $25.1M | 1.63% |
945,000
| – | – |
|
21
Rivian
RIVN
$24.6B
| $22.4M | 1.46% |
681,000
+441,000
| +184% | +$15M |
|
|
22
NOV
NOV
$7.28B
| $14.2M | 0.93% |
880,000
-1,720,000
| -66% | -$28.9M |
|
23
Transocean
RIG
$6.61B
| $13.8M | 0.9% |
5,604,545
-5,110,000
| -48% | -$16.3M |
|
24
Warner Bros
WBD
$71.6B
| $12.8M | 0.83% |
+1,113,000
| New | +$15.1M |
|
|
PDCE
25
DELISTED
PDC Energy, Inc.
PDCE
| $12.4M | 0.81% |
215,000
+45,000
| +26% | +$2.76M |
|
Similar funds
David Greenspan's Q3 2022 Portfolio in Review
As of Q3 2022, David Greenspan held 56 positions worth $1.54B, down 4% from $1.6B the previous quarter. Its ten largest holdings account for 64% of the portfolio.
David Greenspan deployed $57.7M of net new capital in Q3 2022, opening 8 new positions and adding to 10 existing holdings. Its largest new stake was Teck Resources: 2,750,000 shares worth $83.6M.
By sector, the portfolio is most concentrated in Communication Services at 23% of assets, down from 23% a quarter earlier, followed by Energy and Materials.
On the sell side, the largest reduction was Expand Energy Corp, an estimated $57.2M trimmed.
- David Greenspan's largest Q3 2022 buy was Teck Resources: 2,750,000 shares worth $83.6M.
- David Greenspan added most to VanEck Gold Miners ETF in Q3 2022, an estimated $68.3M increase.
- David Greenspan's biggest Q3 2022 reduction was Expand Energy Corp, cutting an estimated $57.2M.
- David Greenspan fully exited Cheniere Energy in Q3 2022, selling an estimated $48.2M.
- David Greenspan's ten largest holdings make up 64% of its $1.54B portfolio in Q3 2022.
- David Greenspan opened 8 new positions and closed 6 in Q3 2022.
- David Greenspan's portfolio value fell 4% quarter-over-quarter to $1.54B.
Based on Slate Path Capital's 13F filing for Q3 2022, filed 14 Nov 2022.