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DG

David Greenspan Slate Path Capital

AUM $7.22B
1-Year Est. Return 110.75%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+7.94%
1 Year Est. Return
+110.75%
3 Year Est. Return
+393.62%
5 Year Est. Return
+449.87%
10 Year Est. Return
+5,767.79%
AUM
$3.59B
AUM Growth
+$853M
Cap. Flow
+$696M
Cap. Flow %
19.39%
Top 10 Hldgs %
54.14%
Holding
57
New
8
Increased
17
Reduced
13
Closed
7

Top Buys

Rank Stock Value
1
KWEB icon
KraneShares CSI China Internet ETF
KWEB
+$121M
2
STX icon
Seagate
STX
+$116M
3
TEVA icon
Teva Pharmaceuticals
TEVA
+$106M
4
CLF icon
Cleveland-Cliffs
CLF
+$106M
5
WDC icon
Western Digital
WDC
+$98.6M

Top Sells

Rank Stock Value
1
AMD icon
Advanced Micro Devices
AMD
+$88.3M
2
FYBR
Frontier Communications
FYBR
+$49.6M
3
NE icon
Noble Corp
NE
+$44M
4
OPEN icon
Opendoor
OPEN
+$43.1M
5
WMG icon
Warner Music
WMG
+$42M

Sector Composition

Rank Sector Weight
1 Technology 22.3%
2 Materials 19.09%
3 Energy 17.74%
4 Healthcare 12.99%
5 Industrials 8.7%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WDC icon
1
Western Digital
WDC
$166B
$257M 7.15%
7,439,891
+3,127,176
+73% +$98.6M
TEVA icon
2
Teva Pharmaceuticals
TEVA
$43.5B
$243M 6.78%
23,844,000
+11,407,000
+92% +$106M
X
3
DELISTED
US Steel
X
$234M 6.51%
7,189,500
+1,246,500
+21% +$35M
STX icon
4
Seagate
STX
$193B
$230M 6.42%
3,489,776
+1,796,670
+106% +$116M
MU icon
5
Micron Technology
MU
$1.09T
$222M 6.19%
3,265,500
+25,600
+0.8% +$1.71M
TECK icon
6
Teck Resources
TECK
$33.9B
$178M 4.95%
4,124,708
+1,274,408
+45% +$52.8M
GDX icon
7
VanEck Gold Miners ETF
GDX
$31.8B
$167M 4.67%
6,224,000
+769,000
+14% +$22.7M
RIG icon
8
Transocean
RIG
$6.61B
$161M 4.5%
19,642,545
-3,672,000
-16% -$30M
CHTR icon
9
Charter Communications
CHTR
$17.9B
$134M 3.72%
303,571
-26,000
-8% -$10.8M
KWEB icon
10
KraneShares CSI China Internet ETF
KWEB
$5.28B
$117M 3.25%
+4,259,000
New +$121M
GDXJ icon
11
VanEck Junior Gold Miners ETF
GDXJ
$9.69B
$107M 2.97%
3,305,000
+240,000
+8% +$8.51M
NOV icon
12
NOV
NOV
$7.28B
$106M 2.95%
5,066,000
+376,000
+8% +$7.47M
CLF icon
13
Cleveland-Cliffs
CLF
$6.43B
$106M 2.95%
+6,769,000
New +$106M
GE icon
14
GE Aerospace
GE
$361B
$99.8M 2.78%
1,131,584
+952,405
+532% +$85.6M
EXE
15
Expand Energy Corp
EXE
$22.2B
$98.7M 2.75%
1,145,180
-263,820
-19% -$22.4M
AER icon
16
AerCap
AER
$23B
$94.6M 2.64%
+1,510,000
New +$95.1M
CIVI
17
DELISTED
Civitas Resources
CIVI
$94.3M 2.63%
1,165,935
-147,065
-11% -$11.4M
IRTC icon
18
iRhythm Holdings
IRTC
$4.24B
$81.9M 2.28%
868,700
+293,700
+51% +$29.9M
TDG icon
19
TransDigm Group
TDG
$66.4B
$79.4M 2.21%
94,200
-33,700
-26% -$29.6M
APLS
20
DELISTED
Apellis Pharmaceuticals
APLS
$78.7M 2.19%
+2,068,000
New +$90.8M
PAAS icon
21
Pan American Silver
PAAS
$22B
$76.1M 2.12%
5,257,000
+1,369,000
+35% +$21.4M
TDW icon
22
Tidewater
TDW
$4.74B
$72.6M 2.02%
1,022,000
+172,000
+20% +$10.9M
AA icon
23
Alcoa
AA
$13.7B
$64M 1.78%
+2,202,541
New +$69.1M
NYT icon
24
New York Times
NYT
$10.6B
$62.1M 1.73%
1,508,000
– –
STNE icon
25
StoneCo
STNE
$2.16B
$57.4M 1.6%
5,376,000
– –
1
2 3

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David Greenspan's Q3 2023 Portfolio in Review

As of Q3 2023, David Greenspan held 57 positions worth $3.59B, up 31% from $2.73B the previous quarter. Its ten largest holdings account for 54% of the portfolio.

David Greenspan deployed $696M of net new capital in Q3 2023, opening 8 new positions and adding to 17 existing holdings. Its largest new stake was KraneShares CSI China Internet ETF: 4,259,000 shares worth $117M.

By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 22% a quarter earlier, followed by Materials and Energy.

On the sell side, the largest reduction was Frontier Communications, an estimated $49.6M trimmed.

  • David Greenspan's largest Q3 2023 buy was KraneShares CSI China Internet ETF: 4,259,000 shares worth $117M.
  • David Greenspan added most to Seagate in Q3 2023, an estimated $116M increase.
  • David Greenspan's biggest Q3 2023 reduction was Frontier Communications, cutting an estimated $49.6M.
  • David Greenspan fully exited Advanced Micro Devices in Q3 2023, selling an estimated $88.3M.
  • David Greenspan's ten largest holdings make up 54% of its $3.59B portfolio in Q3 2023.
  • David Greenspan opened 8 new positions and closed 7 in Q3 2023.
  • David Greenspan's portfolio value rose 31% quarter-over-quarter to $3.59B.

Based on Slate Path Capital's 13F filing for Q3 2023, filed 14 Nov 2023.