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 |
Cenovus Energy
CVE
|
+$44.3M |
| 2 |
VanEck Gold Miners ETF
GDX
|
+$38.9M |
| 3 |
iRhythm Holdings
IRTC
|
+$38.1M |
| 4 |
Charter Communications
CHTR
|
+$35.1M |
| 5 |
Transocean
RIG
|
+$33.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
LBRDK
Liberty Broadband Class C
LBRDK
|
+$34.7M |
| 2 |
Coinbase
COIN
|
+$31.9M |
| 3 |
Rivian
RIVN
|
+$15.3M |
| 4 |
WE
WeWork Inc.
WE
|
+$14M |
| 5 |
Warner Bros
WBD
|
+$12.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 24.54% |
| 2 | Communication Services | 21.36% |
| 3 | Materials | 20.23% |
| 4 | Industrials | 6% |
| 5 | Healthcare | 2.69% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
VanEck Gold Miners ETF
GDX
$31.8B
| $251M | 13.5% |
8,755,000
+1,455,000
| +20% | +$38.9M |
|
|
EXE
2
Expand Energy Corp
EXE
$22.2B
| $180M | 9.69% |
1,909,000
| – | – |
|
|
X
3
DELISTED
US Steel
X
| $120M | 6.44% |
4,778,000
-105,000
| -2% | -$2.42M |
|
4
Teck Resources
TECK
$33.9B
| $116M | 6.27% |
3,080,000
+330,000
| +12% | +$11.4M |
|
5
Warner Music
WMG
$14.2B
| $110M | 5.91% |
3,134,779
| – | – |
|
6
VanEck Junior Gold Miners ETF
GDXJ
$9.69B
| $109M | 5.88% |
3,065,000
| – | – |
|
|
FYBR
7
DELISTED
Frontier Communications
FYBR
| $105M | 5.63% |
4,106,000
| – | – |
|
8
Ferguson
FERG
$46.9B
| $91.4M | 4.92% |
720,000
| – | – |
|
|
9
Charter Communications
CHTR
$17.9B
| $84.3M | 4.53% |
248,571
+100,000
| +67% | +$35.1M |
|
|
CIVI
10
DELISTED
Civitas Resources
CIVI
| $76.1M | 4.09% |
1,313,000
+163,296
| +14% | +$10.5M |
|
11
Perimeter Solutions
PRM
$5.15B
| $65.4M | 3.52% |
7,150,000
+148,899
| +2% | +$1.31M |
|
|
12
Transocean
RIG
$6.61B
| $65.1M | 3.5% |
14,274,545
+8,670,000
| +155% | +$33.4M |
|
13
Pan American Silver
PAAS
$22B
| $63.5M | 3.42% |
3,888,000
| – | – |
|
14
New York Times
NYT
$10.6B
| $57.9M | 3.11% |
1,783,000
| – | – |
|
|
15
Cenovus Energy
CVE
$60.7B
| $44.8M | 2.41% |
+2,310,000
| New | +$44.3M |
|
16
Snap
SNAP
$8.86B
| $35M | 1.88% |
3,910,000
+340,000
| +10% | +$3.35M |
|
|
17
iRhythm Holdings
IRTC
$4.24B
| $32.8M | 1.76% |
+350,000
| New | +$38.1M |
|
18
Opendoor
OPEN
$3.43B
| $27.3M | 1.47% |
24,296,447
+12,743,780
| +110% | +$24.4M |
|
19
EQT Corp
EQT
$33.6B
| $26M | 1.4% |
768,000
| – | – |
|
20
Cameco
CCJ
$44.6B
| $21.4M | 1.15% |
945,000
| – | – |
|
21
TransDigm Group
TDG
$66.4B
| $20.1M | 1.08% |
31,900
+19,900
| +166% | +$11.7M |
|
22
NOV
NOV
$7.28B
| $18.4M | 0.99% |
880,000
| – | – |
|
|
PDCE
23
DELISTED
PDC Energy, Inc.
PDCE
| $17.4M | 0.94% |
274,000
+59,000
| +27% | +$4.11M |
|
24
Banco Bradesco
BBD
$33.9B
| $13.8M | 0.74% |
4,785,000
+2,730,000
| +133% | +$8.84M |
|
25
Itaú Unibanco
ITUB
$82.4B
| $13.5M | 0.73% |
3,242,646
+1,544,279
| +91% | +$7.02M |
|
Similar funds
David Greenspan's Q4 2022 Portfolio in Review
As of Q4 2022, David Greenspan held 56 positions worth $1.86B, up 21% from $1.54B the previous quarter. Its ten largest holdings account for 67% of the portfolio.
David Greenspan deployed $182M of net new capital in Q4 2022, opening 6 new positions and adding to 15 existing holdings. Its largest new stake was Cenovus Energy: 2,310,000 shares worth $44.8M.
By sector, the portfolio is most concentrated in Energy at 25% of assets, up from 22% a quarter earlier, followed by Communication Services and Materials.
On the sell side, the largest reduction was Rivian, an estimated $15.3M trimmed.
- David Greenspan's largest Q4 2022 buy was Cenovus Energy: 2,310,000 shares worth $44.8M.
- David Greenspan added most to VanEck Gold Miners ETF in Q4 2022, an estimated $38.9M increase.
- David Greenspan's biggest Q4 2022 reduction was Rivian, cutting an estimated $15.3M.
- David Greenspan fully exited Liberty Broadband Class C in Q4 2022, selling an estimated $34.7M.
- David Greenspan's ten largest holdings make up 67% of its $1.86B portfolio in Q4 2022.
- David Greenspan opened 6 new positions and closed 13 in Q4 2022.
- David Greenspan's portfolio value rose 21% quarter-over-quarter to $1.86B.
Based on Slate Path Capital's 13F filing for Q4 2022, filed 14 Feb 2023.