Slate Path Capital Portfolio holdings
Slate Path Capital runs hedge funds that go long and short on stocks around the world, with sizeable positions in other assets too. The firm was established in 2012 and is owned by David Greenspan and JADES GP, a company in which Greenspan is the principal owner. Its stock picking rests on company research, and it aims for long-term growth adjusted for risk. Its two main funds use significant leverage and concentrated positions, and the firm can also trade digital assets such as Bitcoin and Ethereum. One group of its funds avoids long positions in fossil fuel assets.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pandora Media Inc
P
|
+$31.6M |
| 2 |
Insulet
PODD
|
+$17.4M |
| 3 |
YOKU
YOUKU TUDOU INC.(CAYMAN ISLS)
YOKU
|
+$13.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
KRFT
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
|
+$213M |
| 2 |
Walgreens Boots Alliance
WBA
|
+$156M |
| 3 |
TRCO
TRIBUNE MEDIA COMPANY CLASS A
TRCO
|
+$109M |
| 4 |
ZNGA
ZYNGA INC. CL A COMMON
ZNGA
|
+$74.5M |
| 5 |
Charter Communications
CHTR
|
+$60.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 33.1% |
| 2 | Healthcare | 27.33% |
| 3 | Materials | 15.66% |
| 4 | Communication Services | 13.81% |
| 5 | Technology | 10.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
ANDV
1
DELISTED
Andeavor
ANDV
| $209M | 22.82% |
2,475,000
-230,000
| -9% | -$20M |
2014 Q3
3 quarters
|
|
2
Barrick Mining
B
$61.2B
| $143M | 15.66% |
13,450,000
-3,200,000
| -19% | -$39M |
2014 Q1
5 quarters
|
|
|
3
Charter Communications
CHTR
$15.8B
| $98.5M | 10.75% |
575,000
-335,000
| -37% | -$60.2M |
2013 Q2
8 quarters
|
|
4
Marathon Petroleum
MPC
$113B
| $94.2M | 10.28% |
1,800,000
| – | – |
2013 Q4
6 quarters
|
|
|
YOKU
5
DELISTED
YOUKU TUDOU INC.(CAYMAN ISLS)
YOKU
| $92.5M | 10.1% |
3,770,000
+580,000
| +18% | +$13.1M |
2014 Q2
4 quarters
|
|
|
6
Insulet
PODD
$10.6B
| $84.3M | 9.2% |
2,720,000
+590,000
| +28% | +$17.4M |
2015 Q1
1 quarter
|
|
|
IPXL
7
DELISTED
Impax Laboratories, Inc.
IPXL
| $84.3M | 9.2% |
1,835,000
-100,000
| -5% | -$4.75M |
2014 Q3
3 quarters
|
|
8
Alnylam Pharmaceuticals
ALNY
$22.1B
| $81.7M | 8.93% |
681,759
-173,241
| -20% | -$20.7M |
2013 Q2
8 quarters
|
|
|
9
DELISTED
Pandora Media Inc
P
| $28M | 3.05% |
+1,800,000
| New | +$31.6M |
2015 Q2
0 quarters
|
|
|
10
DELISTED
Walgreens Boots Alliance
WBA
| – | – |
-1,840,000
| Closed | -$156M | – |
|
|
CDK
11
DELISTED
CDK Global, Inc.
CDK
| – | – |
-1,000,000
| Closed | -$46.8M | – |
|
|
ZNGA
12
DELISTED
ZYNGA INC. CL A COMMON
ZNGA
| – | – |
-26,140,000
| Closed | -$74.5M | – |
|
|
KRFT
13
DELISTED
KRAFT FOODS GROUP INC COM STK (VA)
KRFT
| – | – |
-2,445,000
| Closed | -$213M | – |
|
|
TRCO
14
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
| – | – |
-1,785,000
| Closed | -$109M | – |
|
Similar funds
Slate Path Capital's Q2 2015 Portfolio in Review
As of Q2 2015, Slate Path Capital held 14 positions worth $916M, down 42% from $1.59B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Slate Path Capital withdrew a net $681M in Q2 2015, closing 5 positions and reducing 5 holdings. Its most notable exit was KRAFT FOODS GROUP INC COM STK (VA), an estimated $213M position sold in full.
By sector, the portfolio is most concentrated in Energy at 33% of assets, up from 21% a quarter earlier, followed by Healthcare and Materials.
Against the trend, Slate Path Capital opened a new position in Pandora Media Inc worth $28M.
- Slate Path Capital's largest Q2 2015 buy was Pandora Media Inc: 1,800,000 shares worth $28M.
- Slate Path Capital added most to Insulet in Q2 2015, an estimated $17.4M increase.
- Slate Path Capital's biggest Q2 2015 reduction was Charter Communications, cutting an estimated $60.2M.
- Slate Path Capital fully exited KRAFT FOODS GROUP INC COM STK (VA) in Q2 2015, selling an estimated $213M.
- Slate Path Capital's ten largest holdings make up 100% of its $916M portfolio in Q2 2015.
- Slate Path Capital opened 1 new position and closed 5 in Q2 2015.
- Slate Path Capital's portfolio value fell 42% quarter-over-quarter to $916M.
Based on Slate Path Capital's 13F filing for Q2 2015, filed 14 Aug 2015.