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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 | |
|---|---|---|---|---|---|---|---|
51
Aurora Innovation Warrant
AUROW
$35.4M
| $98.5K | ﹤0.01% |
437,500
| – | – |
2021 Q4
16 quarters
|
|
52
Dow Inc
DOW
$20.3B
| – | – |
-2,465,500
| Closed | -$56.5M | – |
|
53
GE Aerospace
GE
$320B
| – | – |
-256,792
| Closed | -$77.2M | – |
|
54
Lennar Class A
LEN
$17.8B
| – | – |
-124,102
| Closed | -$15.6M | – |
|
55
LyondellBasell Industries
LYB
$19.2B
| – | – |
-1,126,800
| Closed | -$55.3M | – |
|
56
Sunrun
RUN
$1.83B
| – | – |
-2,733,850
| Closed | -$47.3M | – |
|
57
Sibanye-Stillwater
SBSW
$7B
| – | – |
-1,919,000
| Closed | -$21.6M | – |
|
58
Snap
SNAP
$11.1B
| – | – |
-6,706,200
| Closed | -$51.7M | – |
|
59
StoneCo
STNE
$2.83B
| – | – |
-3,778,541
| Closed | -$71.5M | – |
|
60
Seagate
STX
$171B
| – | – |
-658,867
| Closed | -$156M | – |
|
|
61
Teva Pharmaceutical Industries Limited
TEVA
$48B
| – | – |
-7,927,998
| Closed | -$160M | – |
|
62
Upstart Holdings
UPST
$2.31B
| – | – |
-2,731,974
| Closed | -$139M | – |
|
63
UWM Holdings
UWMC
$352M
| – | – |
-4,654,000
| Closed | -$28.3M | – |
|
|
64
DELISTED
Warner Bros
WBD
| – | – |
-11,804,700
| Closed | -$231M | – |
|
65
Smurfit Westrock
SW
$21.5B
| – | – |
-187,000
| Closed | -$7.96M | – |
|
|
66
Sandisk
SNDK
$215B
| – | – |
-2,693,657
| Closed | -$302M | – |
|
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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.