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SPC
Slate Path Capital Portfolio holdings
AUM
$7.22B
1-Year Est. Return
110.75%
This Fund
S&P 500
This Quarter
Est. Return
+40.31%
1 Year Est. Return
+110.75%
3 Year Est. Return
+393.62%
5 Year Est. Return
+449.87%
10 Year Est. Return
+5,767.8%
AUM
$7.22B
AUM Growth
+$490M
(+7.3%)
Cap. Flow
-$1.6B
Cap. Flow
% of AUM
-22.08%
Top 10 Holdings %
Top 10 Hldgs %
55.28%
Holding
55
New
11
Increased
12
Reduced
7
Closed
15
Avg Time Held
3.3
quarters
Top 10 Avg Time Held
1.5
quarters
Top 20 Avg Time Held
1.7
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Union Pacific
UNP
|
+$412M |
| 2 |
FedEx Freight
FDXF
|
+$368M |
| 3 |
Rivian
RIVN
|
+$343M |
| 4 |
CSX Corp
CSX
|
+$181M |
| 5 |
Humana
HUM
|
+$177M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ON Semiconductor
ON
|
+$669M |
| 2 |
Texas Instruments
TXN
|
+$603M |
| 3 |
Hewlett Packard
HPE
|
+$559M |
| 4 |
Rocket Companies
RKT
|
+$330M |
| 5 |
Nokia
NOK
|
+$288M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 32.43% |
| 2 | Technology | 27.67% |
| 3 | Materials | 13.61% |
| 4 | Consumer Discretionary | 11.79% |
| 5 | Healthcare | 6.27% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Union Pacific
UNP
$167B
| $626M | 8.67% |
2,302,604
+1,569,800
| +214% | +$412M |
2025 Q3
3 quarters
|
|
2
Unity
U
$20.5B
| $459M | 6.36% |
16,075,152
+4,725,400
| +42% | +$126M |
2024 Q4
6 quarters
|
|
3
United Airlines
UAL
$34.3B
| $452M | 6.26% |
3,325,452
+212,400
| +7% | +$22M |
2024 Q2
8 quarters
|
|
|
4
Humana
HUM
$51.7B
| $429M | 5.94% |
1,079,930
+620,230
| +135% | +$177M |
2025 Q4
2 quarters
|
|
5
STMicroelectronics
STM
$45.4B
| $392M | 5.43% |
5,239,714
-885,686
| -14% | -$53.3M |
2025 Q4
2 quarters
|
|
|
6
Rivian
RIVN
$19.9B
| $381M | 5.28% |
+21,978,400
| New | +$343M |
2026 Q2
0 quarters
|
|
|
7
Hewlett Packard
HPE
$93.3B
| $351M | 4.86% |
7,781,642
-15,473,200
| -67% | -$559M |
2023 Q4
10 quarters
|
|
|
8
FedEx Freight
FDXF
$16.9B
| $339M | 4.7% |
+2,247,200
| New | +$368M |
2026 Q2
0 quarters
|
|
9
Delta Air Lines
DAL
$53.2B
| $282M | 3.91% |
3,015,048
+48,500
| +2% | +$3.66M |
2024 Q2
8 quarters
|
|
10
Nucor
NUE
$57.5B
| $280M | 3.88% |
1,258,770
-782,700
| -38% | -$177M |
2025 Q3
3 quarters
|
|
11
Freeport-McMoran
FCX
$106B
| $278M | 3.85% |
4,423,300
+954,400
| +28% | +$61.4M |
2025 Q4
2 quarters
|
|
12
Cleveland-Cliffs
CLF
$7.36B
| $267M | 3.69% |
28,410,081
+9,166,100
| +48% | +$101M |
2023 Q3
11 quarters
|
|
13
Knight Transportation
KNX
$10.6B
| $266M | 3.68% |
3,411,000
-1,207,200
| -26% | -$83.7M |
2025 Q4
2 quarters
|
|
14
Wolfspeed
WOLF
$1.42B
| $214M | 2.96% |
4,438,156
| – | – |
2026 Q1
1 quarter
|
|
|
15
CSX Corp
CSX
$88.4B
| $191M | 2.64% |
+4,009,200
| New | +$181M |
2026 Q2
0 quarters
|
|
16
International Paper
IP
$16.9B
| $185M | 2.56% |
4,861,976
+1,482,300
| +44% | +$50.8M |
2024 Q4
6 quarters
|
|
17
Transocean
RIG
$6.24B
| $182M | 2.52% |
37,266,300
+7,204,200
| +24% | +$45M |
2026 Q1
1 quarter
|
|
18
Aptiv
APTV
$9.13B
| $163M | 2.25% |
+2,650,115
| New | +$162M |
2026 Q2
0 quarters
|
|
19
James Hardie Industries
JHX
$14.5B
| $158M | 2.18% |
6,021,000
+656,500
| +12% | +$14.4M |
2025 Q3
3 quarters
|
|
20
American Airlines Group
AAL
$8.41B
| $150M | 2.07% |
8,276,584
+1,804,900
| +28% | +$24.2M |
2024 Q2
8 quarters
|
|
21
Roblox
RBLX
$34.9B
| $149M | 2.07% |
+2,746,300
| New | +$137M |
2026 Q2
0 quarters
|
|
|
22
Texas Instruments
TXN
$258B
| $148M | 2.04% |
495,521
-2,174,704
| -81% | -$603M |
2026 Q1
1 quarter
|
|
23
Akamai
AKAM
$14.6B
| $141M | 1.96% |
+1,196,800
| New | +$149M |
2026 Q2
0 quarters
|
|
24
Enphase Energy
ENPH
$4.16B
| $127M | 1.76% |
2,587,170
+1,677,270
| +184% | +$76.4M |
2026 Q1
1 quarter
|
|
|
25
ON Semiconductor
ON
$29.9B
| $120M | 1.66% |
1,269,323
-6,529,477
| -84% | -$669M |
2025 Q4
2 quarters
|
|
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Slate Path Capital's Q2 2026 Portfolio in Review
As of Q2 2026, Slate Path Capital held 55 positions worth $7.22B, up 7.3% from $6.73B the previous quarter. Its ten largest holdings account for 55% of the portfolio.
Slate Path Capital withdrew a net $1.6B in Q2 2026, closing 15 positions and reducing 7 holdings. Its most notable exit was Rocket Companies, an estimated $330M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 32% of assets, up from 21% a quarter earlier, followed by Technology and Materials.
Against the trend, Slate Path Capital opened a new position in FedEx Freight worth $339M.
- Slate Path Capital's largest Q2 2026 buy was FedEx Freight: 2,247,200 shares worth $339M.
- Slate Path Capital added most to Union Pacific in Q2 2026, an estimated $412M increase.
- Slate Path Capital's biggest Q2 2026 reduction was ON Semiconductor, cutting an estimated $669M.
- Slate Path Capital fully exited Rocket Companies in Q2 2026, selling an estimated $330M.
- Slate Path Capital's ten largest holdings make up 55% of its $7.22B portfolio in Q2 2026.
- Slate Path Capital opened 11 new positions and closed 15 in Q2 2026.
- Slate Path Capital's portfolio value rose 7.3% quarter-over-quarter to $7.22B.
Based on Slate Path Capital's 13F filing for Q2 2026, filed 14 Aug 2026.