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 |
Micron Technology
MU
|
+$208M |
| 2 |
Western Digital
WDC
|
+$120M |
| 3 |
Seagate
STX
|
+$103M |
| 4 |
Teva Pharmaceuticals
TEVA
|
+$101M |
| 5 |
Advanced Micro Devices
AMD
|
+$80.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VanEck Gold Miners ETF
GDX
|
+$42.4M |
| 2 |
Warner Music
WMG
|
+$42.2M |
| 3 |
EXE
Expand Energy Corp
EXE
|
+$39.9M |
| 4 |
Charter Communications
CHTR
|
+$18.8M |
| 5 |
PDCE
PDC Energy, Inc.
PDCE
|
+$17.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 21.86% |
| 2 | Energy | 21.28% |
| 3 | Materials | 13.49% |
| 4 | Communication Services | 11.18% |
| 5 | Healthcare | 9% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Micron Technology
MU
$1.09T
| $204M | 7.48% |
+3,239,900
| New | +$208M |
|
|
2
VanEck Gold Miners ETF
GDX
$31.8B
| $164M | 6.01% |
5,455,000
-1,300,000
| -19% | -$42.4M |
|
3
Transocean
RIG
$6.61B
| $163M | 5.98% |
23,314,545
+220,000
| +1% | +$1.36M |
|
|
X
4
DELISTED
US Steel
X
| $149M | 5.44% |
5,943,000
+1,220,000
| +26% | +$28.4M |
|
|
5
Western Digital
WDC
$166B
| $124M | 4.52% |
+4,312,715
| New | +$120M |
|
|
6
Charter Communications
CHTR
$17.9B
| $121M | 4.43% |
329,571
-55,000
| -14% | -$18.8M |
|
7
Teck Resources
TECK
$33.9B
| $120M | 4.39% |
2,850,300
-68,700
| -2% | -$2.95M |
|
|
EXE
8
Expand Energy Corp
EXE
$22.2B
| $118M | 4.31% |
1,409,000
-500,000
| -26% | -$39.9M |
|
9
TransDigm Group
TDG
$66.4B
| $114M | 4.18% |
127,900
| – | – |
|
10
VanEck Junior Gold Miners ETF
GDXJ
$9.69B
| $109M | 4% |
3,065,000
| – | – |
|
|
11
Seagate
STX
$193B
| $105M | 3.83% |
+1,693,106
| New | +$103M |
|
|
12
Teva Pharmaceuticals
TEVA
$43.5B
| $93.7M | 3.42% |
+12,437,000
| New | +$101M |
|
|
CIVI
13
DELISTED
Civitas Resources
CIVI
| $91.1M | 3.33% |
1,313,000
| – | – |
|
|
14
Advanced Micro Devices
AMD
$773B
| $88.3M | 3.23% |
+775,000
| New | +$80.6M |
|
15
Opendoor
OPEN
$3.43B
| $85.1M | 3.11% |
21,881,821
-3,489,293
| -14% | -$7.57M |
|
16
Viatris
VTRS
$18.7B
| $78.1M | 2.85% |
+7,821,000
| New | +$74.7M |
|
17
NOV
NOV
$7.28B
| $75.2M | 2.75% |
4,690,000
| – | – |
|
18
StoneCo
STNE
$2.16B
| $68.5M | 2.5% |
5,376,000
+3,295,000
| +158% | +$41.1M |
|
|
FYBR
19
DELISTED
Frontier Communications
FYBR
| $65.9M | 2.41% |
3,536,000
-570,000
| -14% | -$10.7M |
|
20
iRhythm Holdings
IRTC
$4.24B
| $60M | 2.19% |
575,000
+90,000
| +19% | +$10.8M |
|
21
New York Times
NYT
$10.6B
| $59.4M | 2.17% |
1,508,000
-275,000
| -15% | -$10.5M |
|
22
Pan American Silver
PAAS
$22B
| $56.7M | 2.07% |
3,888,000
| – | – |
|
23
Ferguson
FERG
$46.9B
| $47.7M | 1.74% |
303,000
| – | – |
|
24
Tidewater
TDW
$4.74B
| $47.1M | 1.72% |
850,000
-78,000
| -8% | -$3.57M |
|
25
Noble Corp
NE
$7.39B
| $44M | 1.61% |
1,064,000
| – | – |
|
Similar funds
David Greenspan's Q2 2023 Portfolio in Review
As of Q2 2023, David Greenspan held 51 positions worth $2.73B, up 28% from $2.13B the previous quarter. Its ten largest holdings account for 51% of the portfolio.
David Greenspan deployed $571M of net new capital in Q2 2023, opening 8 new positions and adding to 6 existing holdings. Its largest new stake was Micron Technology: 3,239,900 shares worth $204M.
By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 0.93% a quarter earlier, followed by Energy and Materials.
On the sell side, the largest reduction was VanEck Gold Miners ETF, an estimated $42.4M trimmed.
- David Greenspan's largest Q2 2023 buy was Micron Technology: 3,239,900 shares worth $204M.
- David Greenspan added most to StoneCo in Q2 2023, an estimated $41.1M increase.
- David Greenspan's biggest Q2 2023 reduction was VanEck Gold Miners ETF, cutting an estimated $42.4M.
- David Greenspan fully exited PDC Energy, Inc. in Q2 2023, selling an estimated $17.6M.
- David Greenspan's ten largest holdings make up 51% of its $2.73B portfolio in Q2 2023.
- David Greenspan opened 8 new positions and closed 2 in Q2 2023.
- David Greenspan's portfolio value rose 28% quarter-over-quarter to $2.73B.
Based on Slate Path Capital's 13F filing for Q2 2023, filed 14 Aug 2023.