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 |
NOV
NOV
|
+$82.3M |
| 2 |
TransDigm Group
TDG
|
+$68.6M |
| 3 |
Transocean
RIG
|
+$56.6M |
| 4 |
Charter Communications
CHTR
|
+$50.8M |
| 5 |
Noble Corp
NE
|
+$42.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VanEck Gold Miners ETF
GDX
|
+$60.5M |
| 2 |
Ferguson
FERG
|
+$58M |
| 3 |
Cenovus Energy
CVE
|
+$44.8M |
| 4 |
Snap
SNAP
|
+$26.9M |
| 5 |
Cameco
CCJ
|
+$21.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 28.87% |
| 2 | Communication Services | 19.73% |
| 3 | Materials | 17.4% |
| 4 | Industrials | 6.49% |
| 5 | Healthcare | 3.6% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
VanEck Gold Miners ETF
GDX
$31.8B
| $219M | 10.26% |
6,755,000
-2,000,000
| -23% | -$60.5M |
|
|
2
Transocean
RIG
$6.61B
| $147M | 6.9% |
23,094,545
+8,820,000
| +62% | +$56.6M |
|
|
EXE
3
Expand Energy Corp
EXE
$22.2B
| $145M | 6.82% |
1,909,000
| – | – |
|
|
4
Charter Communications
CHTR
$17.9B
| $138M | 6.46% |
384,571
+136,000
| +55% | +$50.8M |
|
|
X
5
DELISTED
US Steel
X
| $123M | 5.79% |
4,723,000
-55,000
| -1% | -$1.53M |
|
6
VanEck Junior Gold Miners ETF
GDXJ
$9.69B
| $121M | 5.69% |
3,065,000
| – | – |
|
7
Teck Resources
TECK
$33.9B
| $107M | 5% |
2,919,000
-161,000
| -5% | -$6.39M |
|
8
Warner Music
WMG
$14.2B
| $105M | 4.91% |
3,134,779
| – | – |
|
|
9
TransDigm Group
TDG
$66.4B
| $94.3M | 4.43% |
127,900
+96,000
| +301% | +$68.6M |
|
|
FYBR
10
DELISTED
Frontier Communications
FYBR
| $93.5M | 4.39% |
4,106,000
| – | – |
|
|
CIVI
11
DELISTED
Civitas Resources
CIVI
| $89.7M | 4.21% |
1,313,000
| – | – |
|
|
12
NOV
NOV
$7.28B
| $86.8M | 4.08% |
4,690,000
+3,810,000
| +433% | +$82.3M |
|
13
Pan American Silver
PAAS
$22B
| $70.8M | 3.32% |
3,888,000
| – | – |
|
14
New York Times
NYT
$10.6B
| $69.3M | 3.26% |
1,783,000
| – | – |
|
15
iRhythm Holdings
IRTC
$4.24B
| $60.2M | 2.83% |
485,000
+135,000
| +39% | +$14.6M |
|
16
Perimeter Solutions
PRM
$5.15B
| $57.8M | 2.71% |
7,150,000
| – | – |
|
17
Opendoor
OPEN
$3.43B
| $43.2M | 2.03% |
25,371,114
+1,074,667
| +4% | +$1.77M |
|
|
18
Noble Corp
NE
$7.39B
| $42M | 1.97% |
+1,064,000
| New | +$42.6M |
|
19
Tidewater
TDW
$4.74B
| $40.9M | 1.92% |
+928,000
| New | +$39.9M |
|
|
20
Ferguson
FERG
$46.9B
| $40.5M | 1.9% |
303,000
-417,000
| -58% | -$58M |
|
21
Coinbase
COIN
$49.2B
| $38.4M | 1.81% |
+569,000
| New | +$34.1M |
|
22
Valaris
VAL
$6.09B
| $33.1M | 1.56% |
509,000
+406,000
| +394% | +$28.3M |
|
23
Peloton Interactive
PTON
$2.37B
| $22.5M | 1.05% |
1,980,000
+370,000
| +23% | +$4.45M |
|
24
StoneCo
STNE
$2.16B
| $19.9M | 0.93% |
2,081,000
+1,141,000
| +121% | +$10.9M |
|
|
PDCE
25
DELISTED
PDC Energy, Inc.
PDCE
| $17.6M | 0.83% |
274,000
| – | – |
|
Similar funds
David Greenspan's Q1 2023 Portfolio in Review
As of Q1 2023, David Greenspan held 49 positions worth $2.13B, up 15% from $1.86B the previous quarter. Its ten largest holdings account for 61% of the portfolio.
David Greenspan deployed $200M of net new capital in Q1 2023, opening 6 new positions and adding to 12 existing holdings. Its largest new stake was Noble Corp: 1,064,000 shares worth $42M.
By sector, the portfolio is most concentrated in Energy at 29% of assets, up from 25% a quarter earlier, followed by Communication Services and Materials.
On the sell side, the largest reduction was VanEck Gold Miners ETF, an estimated $60.5M trimmed.
- David Greenspan's largest Q1 2023 buy was Noble Corp: 1,064,000 shares worth $42M.
- David Greenspan added most to NOV in Q1 2023, an estimated $82.3M increase.
- David Greenspan's biggest Q1 2023 reduction was VanEck Gold Miners ETF, cutting an estimated $60.5M.
- David Greenspan fully exited Cenovus Energy in Q1 2023, selling an estimated $44.8M.
- David Greenspan's ten largest holdings make up 61% of its $2.13B portfolio in Q1 2023.
- David Greenspan opened 6 new positions and closed 6 in Q1 2023.
- David Greenspan's portfolio value rose 15% quarter-over-quarter to $2.13B.
Based on Slate Path Capital's 13F filing for Q1 2023, filed 15 May 2023.