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 |
Advance Auto Parts
AAP
|
+$73.5M |
| 2 |
US Steel
X
|
+$41.3M |
| 3 |
Alnylam Pharmaceuticals
ALNY
|
+$6.35M |
| 4 |
Atara Biotherapeutics
ATRA
|
+$1.19M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Gen Digital
GEN
|
+$113M |
| 2 |
VanEck Gold Miners ETF
GDX
|
+$89M |
| 3 |
Teck Resources
TECK
|
+$80.5M |
| 4 |
Alcoa
AA
|
+$65.3M |
| 5 |
TripAdvisor
TRIP
|
+$54M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 84.85% |
| 2 | Financials | 4% |
| 3 | Healthcare | 3.39% |
| 4 | Communication Services | 3.36% |
| 5 | Consumer Discretionary | 2.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$799B
| $4.65B | 77.15% |
+21,500,000
| New | +$4.65B |
2016 Q3
0 quarters
|
|
2
PUT
Invesco QQQ Trust
QQQ
$461B
| $309M | 5.12% |
+2,600,000
| New | +$300M |
2016 Q3
0 quarters
|
|
3
PayPal
PYPL
$49.9B
| $241M | 4% |
5,880,000
| – | – |
2015 Q3
4 quarters
|
|
4
Charter Communications
CHTR
$13.9B
| $202M | 3.36% |
750,000
| – | – |
2013 Q2
13 quarters
|
|
|
5
VanEck Gold Miners ETF
GDX
$28.2B
| $156M | 2.58% |
5,890,000
-3,100,000
| -34% | -$89M |
2015 Q3
4 quarters
|
|
6
Insulet
PODD
$10.4B
| $111M | 1.85% |
2,720,000
| – | – |
2015 Q1
6 quarters
|
|
|
7
Alnylam Pharmaceuticals
ALNY
$21B
| $83M | 1.38% |
1,225,000
+90,000
| +8% | +$6.35M |
2013 Q2
13 quarters
|
|
|
ANDV
8
DELISTED
Andeavor
ANDV
| $79.2M | 1.31% |
995,000
| – | – |
2014 Q3
8 quarters
|
|
|
9
Advance Auto Parts
AAP
$2.77B
| $68.6M | 1.14% |
+460,000
| New | +$73.5M |
2016 Q3
0 quarters
|
|
|
10
TripAdvisor
TRIP
$839M
| $65.4M | 1.08% |
1,035,000
-840,000
| -45% | -$54M |
2015 Q4
3 quarters
|
|
|
11
DELISTED
US Steel
X
| $51.9M | 0.86% |
2,750,000
+2,000,000
| +267% | +$41.3M |
2016 Q2
1 quarter
|
|
|
12
Atara Biotherapeutics
ATRA
$82.1M
| $10.2M | 0.17% |
19,000
+2,200
| +13% | +$1.19M |
2016 Q2
1 quarter
|
|
|
13
Alcoa
AA
$11B
| – | – |
-2,929,671
| Closed | -$65.3M | – |
|
|
14
Gen Digital
GEN
$17.7B
| – | – |
-5,505,000
| Closed | -$113M | – |
|
|
15
Teck Resources
TECK
$31.8B
| – | – |
-6,115,000
| Closed | -$80.5M | – |
|
|
ISEE
16
DELISTED
IVERIC bio, Inc. Common Stock
ISEE
| – | – |
-430,000
| Closed | -$21.9M | – |
|
Similar funds
Slate Path Capital's Q3 2016 Portfolio in Review
As of Q3 2016, Slate Path Capital held 16 positions worth $6.03B, up 371% from $1.28B the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Slate Path Capital withdrew a net $301M in Q3 2016, closing 4 positions and reducing 2 holdings. Its most notable exit was Gen Digital, an estimated $113M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 85% of assets, up from 19% a quarter earlier, followed by Financials and Healthcare.
Against the trend, Slate Path Capital opened a new position in Advance Auto Parts worth $68.6M.
- Slate Path Capital's largest Q3 2016 buy was Advance Auto Parts: 460,000 shares worth $68.6M.
- Slate Path Capital added most to US Steel in Q3 2016, an estimated $41.3M increase.
- Slate Path Capital's biggest Q3 2016 reduction was VanEck Gold Miners ETF, cutting an estimated $89M.
- Slate Path Capital fully exited Gen Digital in Q3 2016, selling an estimated $113M.
- Slate Path Capital's ten largest holdings make up 99% of its $6.03B portfolio in Q3 2016.
- Slate Path Capital opened 3 new positions and closed 4 in Q3 2016.
- Slate Path Capital's portfolio value rose 371% quarter-over-quarter to $6.03B.
Based on Slate Path Capital's 13F filing for Q3 2016, filed 14 Nov 2016.