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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
+9.73%
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
$7.41B
AUM Growth
+$951M
(+15%)
Cap. Flow
+$480M
Cap. Flow
% of AUM
6.48%
Top 10 Holdings %
Top 10 Hldgs %
50.46%
Holding
66
New
15
Increased
12
Reduced
19
Closed
15
Avg Time Held
4.1
quarters
Top 10 Avg Time Held
1.2
quarters
Top 20 Avg Time Held
1.5
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ON Semiconductor
ON
|
+$538M |
| 2 |
Humana
HUM
|
+$250M |
| 3 |
Freeport-McMoran
FCX
|
+$223M |
| 4 |
Rocket Companies
RKT
|
+$213M |
| 5 |
Knight Transportation
KNX
|
+$201M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sandisk
SNDK
|
+$302M |
| 2 |
Warner Bros
WBD
|
+$231M |
| 3 |
Union Pacific
UNP
|
+$201M |
| 4 |
Western Digital
WDC
|
+$166M |
| 5 |
Teva Pharmaceutical Industries Limited
TEVA
|
+$160M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 39.38% |
| 2 | Materials | 18.22% |
| 3 | Industrials | 15.92% |
| 4 | Financials | 8.5% |
| 5 | Energy | 6.87% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
26
International Paper
IP
$16.8B
| $102M | 1.37% |
2,577,076
-240,674
| -9% | -$9.9M |
2024 Q4
4 quarters
|
|
27
GE Vernova
GEV
$267B
| $77.9M | 1.05% |
119,158
-18,200
| -13% | -$11.1M |
2024 Q1
7 quarters
|
|
28
Corning
GLW
$128B
| $76.3M | 1.03% |
871,200
-153,000
| -15% | -$13.2M |
2024 Q3
5 quarters
|
|
29
Figure Technology Solutions
FIGR
$6.11B
| $75.7M | 1.02% |
+1,853,900
| New | +$74.2M |
2025 Q4
0 quarters
|
|
30
Nike
NKE
$52.5B
| $70.5M | 0.95% |
+1,106,400
| New | +$72.1M |
2025 Q4
0 quarters
|
|
31
Pan American Silver
PAAS
$18.5B
| $69.1M | 0.93% |
1,334,280
-1,860,520
| -58% | -$77.9M |
2018 Q3
29 quarters
|
|
32
Skydance Corporation
SKYD
$46.7B
| $68.3M | 0.92% |
10,186,586
-1,664,800
| -14% | -$13M |
2025 Q3
1 quarter
|
|
33
Aptiv
APTV
$9.19B
| $68.2M | 0.92% |
896,277
+2,277
| +0.3% | +$183K |
2025 Q3
1 quarter
|
|
34
Ambarella
AMBA
$2.84B
| $57.7M | 0.78% |
+814,400
| New | +$65.8M |
2025 Q4
0 quarters
|
|
35
Coinbase
COIN
$48B
| $57M | 0.77% |
251,980
-74,200
| -23% | -$22.1M |
2025 Q2
2 quarters
|
|
|
36
Western Digital
WDC
$143B
| $55.3M | 0.75% |
321,278
-1,094,959
| -77% | -$166M |
2023 Q2
10 quarters
|
|
37
Fiserv Inc
FISV
$24.8B
| $48.9M | 0.66% |
+727,400
| New | +$60.9M |
2025 Q4
0 quarters
|
|
38
Whirlpool
WHR
$1.91B
| $31.3M | 0.42% |
433,700
-396,300
| -48% | -$29.3M |
2025 Q3
1 quarter
|
|
39
Navitas Semiconductor
NVTS
$2.74B
| $20.6M | 0.28% |
+2,880,200
| New | +$27.7M |
2025 Q4
0 quarters
|
|
40
StubHub Holdings
STUB
$2.24B
| $19.7M | 0.27% |
+1,459,200
| New | +$22.9M |
2025 Q4
0 quarters
|
|
41
lululemon athletica
LULU
$10.9B
| $18.4M | 0.25% |
+88,600
| New | +$16.1M |
2025 Q4
0 quarters
|
|
42
Ouster
OUST
$2.55B
| $17.9M | 0.24% |
829,000
| – | – |
2025 Q3
1 quarter
|
|
43
CSX Corp
CSX
$88.5B
| $17.4M | 0.23% |
+479,800
| New | +$17.2M |
2025 Q4
0 quarters
|
|
44
Barrick Mining
B
$66.7B
| $11.5M | 0.15% |
263,552
-2,286,282
| -90% | -$85.8M |
2025 Q1
3 quarters
|
|
45
NewAmsterdam Pharma
NAMS
$2.41B
| $11.2M | 0.15% |
319,000
| – | – |
2024 Q4
4 quarters
|
|
46
Newmont
NEM
$122B
| $10.9M | 0.15% |
108,936
-865,276
| -89% | -$78.2M |
2025 Q1
3 quarters
|
|
47
New York Times
NYT
$10.8B
| $9.65M | 0.13% |
139,039
-137,300
| -50% | -$8.51M |
2018 Q1
31 quarters
|
|
48
State Street SPDR S&P Regional Banking ETF
KRE
$3.28B
| $8.43M | 0.11% |
+130,003
| New | +$8.17M |
2025 Q4
0 quarters
|
|
49
Tvardi Therapeutics
TVRD
$13.9M
| $3.03M | 0.04% |
704,118
| – | – |
2025 Q2
2 quarters
|
|
50
Standard BioTools
LAB
$259M
| $2.07M | 0.03% |
1,615,000
| – | – |
2024 Q1
7 quarters
|
|
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Slate Path Capital's Q4 2025 Portfolio in Review
As of Q4 2025, Slate Path Capital held 66 positions worth $7.41B, up 15% from $6.46B the previous quarter. Its ten largest holdings account for 50% of the portfolio.
Slate Path Capital deployed $480M of net new capital in Q4 2025, opening 15 new positions and adding to 12 existing holdings. Its largest new stake was ON Semiconductor: 10,480,200 shares worth $568M.
By sector, the portfolio is most concentrated in Technology at 39% of assets, up from 33% a quarter earlier, followed by Materials and Industrials.
On the sell side, the largest reduction was Union Pacific, an estimated $201M trimmed.
- Slate Path Capital's largest Q4 2025 buy was ON Semiconductor: 10,480,200 shares worth $568M.
- Slate Path Capital added most to Rocket Companies in Q4 2025, an estimated $213M increase.
- Slate Path Capital's biggest Q4 2025 reduction was Union Pacific, cutting an estimated $201M.
- Slate Path Capital fully exited Sandisk in Q4 2025, selling an estimated $302M.
- Slate Path Capital's ten largest holdings make up 50% of its $7.41B portfolio in Q4 2025.
- Slate Path Capital opened 15 new positions and closed 15 in Q4 2025.
- Slate Path Capital's portfolio value rose 15% quarter-over-quarter to $7.41B.
Based on Slate Path Capital's 13F filing for Q4 2025, filed 17 Feb 2026.