SPC

Slate Path Capital Portfolio holdings

AUM $7.22B Turnover 47.27%
1-Year Est. Return 110.75%
This Fund
S&P 500
This Quarter Est. Return
+31.32%
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
$6.46B
AUM Growth
+$663M
Cap. Flow
-$705M
Cap. Flow %
-10.9%
Top 10 Hldgs %
48.17%
Holding
62
New
19
Increased
7
Reduced
20
Closed
11
Avg Time Held
1.1 years
Top 10 Avg Time Held
0.3 years
Top 20 Avg Time Held
0.7 years

Top Buys

Rank Stock Value
1
UNP icon
Union Pacific
UNP
+$368M
2
AMRZ icon
Amrize Ltd
AMRZ
+$312M
3
RKT icon
Rocket Companies
RKT
+$241M
4
NUE icon
Nucor
NUE
+$218M
5
UPST icon
Upstart Holdings
UPST
+$192M

Top Sells

Rank Stock Value
1
WDC icon
Western Digital
WDC
+$378M
2
U icon
Unity
U
+$346M
3
MU icon
Micron Technology
MU
+$318M
4
STX icon
Seagate
STX
+$288M
5
NBIS icon
Nebius Group N.V.
NBIS
+$218M

Sector Composition

Rank Sector Weight
1 Technology 33.1%
2 Materials 18.77%
3 Industrials 15.37%
4 Financials 8.43%
5 Energy 7.66%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
AUROW icon
51
Aurora Innovation Warrant
AUROW
$22.6M
$254K ﹤0.01%
437,500
– –
2021 Q4
15 quarters
AL icon
52
DELISTED
Air Lease Corp
AL
– –
-394,600
Closed -$23.1M –
AMD icon
53
Advanced Micro Devices
AMD
$932B
– –
-763,824
Closed -$108M –
AR icon
54
Antero Resources
AR
$11.3B
– –
-1,148,359
Closed -$46.3M –
CSCO icon
55
Cisco
CSCO
$448B
– –
-2,682,470
Closed -$186M –
GDX icon
56
VanEck Gold Miners ETF
GDX
$25B
– –
-2,364,000
Closed -$123M –
INTC icon
57
Intel
INTC
$519B
– –
-1,592,000
Closed -$35.7M –
MU icon
58
Micron Technology
MU
$1.03T
– –
-2,578,100
Closed -$318M –
NXT icon
59
Nextpower Inc. Common Stock
NXT
$12.5B
– –
-238,900
Closed -$13M –
PARA icon
60
DELISTED
Paramount Global Class B
PARA
– –
-13,723,323
Closed -$177M –
TECK icon
61
Teck Resources
TECK
$31.8B
– –
-2,708,533
Closed -$109M –
NBIS icon
62
Nebius Group N.V.
NBIS
$50.6B
– –
-3,937,200
Closed -$218M –
1 2
3

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Slate Path Capital's Q3 2025 Portfolio in Review

As of Q3 2025, Slate Path Capital held 62 positions worth $6.46B, up 11% from $5.8B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Slate Path Capital withdrew a net $705M in Q3 2025, closing 11 positions and reducing 20 holdings. Its most notable exit was Micron Technology, an estimated $318M position sold in full.

By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 49% a quarter earlier, followed by Materials and Industrials.

Against the trend, Slate Path Capital opened a new position in Union Pacific worth $386M.

  • Slate Path Capital's largest Q3 2025 buy was Union Pacific: 1,631,600 shares worth $386M.
  • Slate Path Capital added most to EQT Corp in Q3 2025, an estimated $182M increase.
  • Slate Path Capital's biggest Q3 2025 reduction was Western Digital, cutting an estimated $378M.
  • Slate Path Capital fully exited Micron Technology in Q3 2025, selling an estimated $318M.
  • Slate Path Capital's ten largest holdings make up 48% of its $6.46B portfolio in Q3 2025.
  • Slate Path Capital opened 19 new positions and closed 11 in Q3 2025.
  • Slate Path Capital's portfolio value rose 11% quarter-over-quarter to $6.46B.

Based on Slate Path Capital's 13F filing for Q3 2025, filed 14 Nov 2025.