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 |
Gen Digital
GEN
|
+$99.1M |
| 2 |
Alcoa
AA
|
+$68.6M |
| 3 |
Teck Resources
TECK
|
+$63.2M |
| 4 |
PayPal
PYPL
|
+$20.5M |
| 5 |
TripAdvisor
TRIP
|
+$19.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
VanEck Gold Miners ETF
GDX
|
+$33.6M |
| 2 |
TWC
TIME WARNER CABLE INC NEW COM STK
TWC
|
+$22.5M |
| 3 |
Charter Communications
CHTR
|
+$1.07M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 19.48% |
| 2 | Financials | 16.79% |
| 3 | Healthcare | 13.82% |
| 4 | Communication Services | 13.41% |
| 5 | Materials | 12.39% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
VanEck Gold Miners ETF
GDX
$26.1B
| $249M | 19.48% |
8,990,000
-1,400,000
| -13% | -$33.6M |
2015 Q3
3 quarters
|
|
|
2
PayPal
PYPL
$50B
| $215M | 16.79% |
5,880,000
+535,000
| +10% | +$20.5M |
2015 Q3
3 quarters
|
|
|
3
Charter Communications
CHTR
$13.8B
| $171M | 13.41% |
750,000
-5,000
| -0.7% | -$1.07M |
2013 Q2
12 quarters
|
|
|
4
TripAdvisor
TRIP
$1.2B
| $121M | 9.43% |
1,875,000
+300,000
| +19% | +$19.4M |
2015 Q4
2 quarters
|
|
|
5
Gen Digital
GEN
$18.3B
| $113M | 8.84% |
+5,505,000
| New | +$99.1M |
2016 Q2
0 quarters
|
|
6
Insulet
PODD
$11.4B
| $82.3M | 6.43% |
2,720,000
| – | – |
2015 Q1
5 quarters
|
|
|
7
Teck Resources
TECK
$31.6B
| $80.5M | 6.3% |
+6,115,000
| New | +$63.2M |
2016 Q2
0 quarters
|
|
|
ANDV
8
DELISTED
Andeavor
ANDV
| $74.5M | 5.83% |
995,000
| – | – |
2014 Q3
7 quarters
|
|
|
9
Alcoa
AA
$10.7B
| $65.3M | 5.1% |
+2,929,671
| New | +$68.6M |
2016 Q2
0 quarters
|
|
10
Alnylam Pharmaceuticals
ALNY
$21.6B
| $63M | 4.93% |
1,135,000
| – | – |
2013 Q2
12 quarters
|
|
|
ISEE
11
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
| $21.9M | 1.72% |
430,000
| – | – |
2016 Q1
1 quarter
|
|
12
DELISTED
US Steel
X
| $12.6M | 0.99% |
+750,000
| New | +$12.6M |
2016 Q2
0 quarters
|
|
13
Atara Biotherapeutics
ATRA
$84M
| $9.45M | 0.74% |
+16,800
| New | +$8.06M |
2016 Q2
0 quarters
|
|
14
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$811B
| – | – |
-1,600,000
| Closed | -$329M | – |
|
|
TWC
15
DELISTED
TIME WARNER CABLE INC NEW COM STK
TWC
| – | – |
-110,000
| Closed | -$22.5M | – |
|
Similar funds
Slate Path Capital's Q2 2016 Portfolio in Review
As of Q2 2016, Slate Path Capital held 15 positions worth $1.28B, down 0.73% from $1.29B the previous quarter. Its ten largest holdings account for 97% of the portfolio.
Slate Path Capital deployed $234M of net new capital in Q2 2016, opening 5 new positions and adding to 2 existing holdings. Its largest new stake was Gen Digital: 5,505,000 shares worth $113M.
By sector, the portfolio is most concentrated in Miscellaneous at 19% of assets, down from 42% a quarter earlier, followed by Financials and Healthcare.
On the sell side, the largest reduction was VanEck Gold Miners ETF, an estimated $33.6M trimmed.
- Slate Path Capital's largest Q2 2016 buy was Gen Digital: 5,505,000 shares worth $113M.
- Slate Path Capital added most to PayPal in Q2 2016, an estimated $20.5M increase.
- Slate Path Capital's biggest Q2 2016 reduction was VanEck Gold Miners ETF, cutting an estimated $33.6M.
- Slate Path Capital fully exited TIME WARNER CABLE INC NEW COM STK in Q2 2016, selling an estimated $22.5M.
- Slate Path Capital's ten largest holdings make up 97% of its $1.28B portfolio in Q2 2016.
- Slate Path Capital opened 5 new positions and closed 2 in Q2 2016.
- Slate Path Capital's portfolio value fell 0.73% quarter-over-quarter to $1.28B.
Based on Slate Path Capital's 13F filing for Q2 2016, filed 15 Aug 2016.