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 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$581M |
| 2 |
Ally Financial
ALLY
|
+$200M |
| 3 |
General Motors
GM
|
+$190M |
| 4 |
TWTR
Twitter, Inc.
TWTR
|
+$69.6M |
| 5 |
ANDV
Andeavor
ANDV
|
+$69.6M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
PayPal
PYPL
|
+$241M |
| 2 |
TripAdvisor
TRIP
|
+$65.4M |
| 3 |
US Steel
X
|
+$2.14M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 60.41% |
| 2 | Consumer Discretionary | 11.87% |
| 3 | Communication Services | 8.45% |
| 4 | Financials | 6.03% |
| 5 | Healthcare | 5.75% |
| 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
$800B
| $1.01B | 30.58% |
4,500,000
-17,000,000
| -79% | -$3.71B |
2016 Q3
1 quarter
|
|
|
2
State Street Financial Select Sector SPDR ETF
XLF
$55.6B
| $630M | 19.16% |
+27,100,000
| New | +$581M |
2016 Q4
0 quarters
|
|
3
PUT
State Street Technology Select Sector SPDR ETF
XLK
$113B
| $218M | 6.62% |
+9,000,000
| New | +$215M |
2016 Q4
0 quarters
|
|
4
Charter Communications
CHTR
$15.8B
| $216M | 6.56% |
750,000
| – | – |
2013 Q2
14 quarters
|
|
|
5
Ally Financial
ALLY
$11.5B
| $198M | 6.03% |
+10,420,000
| New | +$200M |
2016 Q4
0 quarters
|
|
|
6
General Motors
GM
$72.5B
| $197M | 5.98% |
+5,650,000
| New | +$190M |
2016 Q4
0 quarters
|
|
|
ANDV
7
DELISTED
Andeavor
ANDV
| $159M | 4.83% |
1,815,000
+820,000
| +82% | +$69.6M |
2014 Q3
9 quarters
|
|
8
Advance Auto Parts
AAP
$2.75B
| $148M | 4.5% |
875,000
+415,000
| +90% | +$65.2M |
2016 Q3
1 quarter
|
|
9
VanEck Gold Miners ETF
GDX
$25.2B
| $133M | 4.05% |
6,375,000
+485,000
| +8% | +$10.8M |
2015 Q3
5 quarters
|
|
10
Insulet
PODD
$10.6B
| $107M | 3.26% |
2,850,000
+130,000
| +5% | +$4.84M |
2015 Q1
7 quarters
|
|
|
11
DELISTED
US Steel
X
| $88.1M | 2.68% |
2,670,000
-80,000
| -3% | -$2.14M |
2016 Q2
2 quarters
|
|
12
Alnylam Pharmaceuticals
ALNY
$22.1B
| $74.9M | 2.28% |
2,000,000
+775,000
| +63% | +$32.4M |
2013 Q2
14 quarters
|
|
|
TWTR
13
DELISTED
Twitter, Inc.
TWTR
| $61.9M | 1.88% |
+3,795,000
| New | +$69.6M |
2016 Q4
0 quarters
|
|
14
DELISTED
Skechers
SKX
| $45.7M | 1.39% |
+1,860,000
| New | +$42.9M |
2016 Q4
0 quarters
|
|
15
Atara Biotherapeutics
ATRA
$78.5M
| $6.74M | 0.21% |
19,000
| – | – |
2016 Q2
2 quarters
|
|
|
16
PayPal
PYPL
$49.2B
| – | – |
-5,880,000
| Closed | -$241M | – |
|
17
PUT
Invesco QQQ Trust
QQQ
$461B
| – | – |
-2,600,000
| Closed | -$309M | – |
|
|
18
TripAdvisor
TRIP
$853M
| – | – |
-1,035,000
| Closed | -$65.4M | – |
|
Similar funds
Slate Path Capital's Q4 2016 Portfolio in Review
As of Q4 2016, Slate Path Capital held 18 positions worth $3.29B, down 45% from $6.03B the previous quarter. Its ten largest holdings account for 92% of the portfolio.
Slate Path Capital deployed $959M of net new capital in Q4 2016, opening 6 new positions and adding to 5 existing holdings. Its largest new stake was State Street Financial Select Sector SPDR ETF: 27,100,000 shares worth $630M.
By sector, the portfolio is most concentrated in Miscellaneous at 60% of assets, down from 85% a quarter earlier, followed by Consumer Discretionary and Communication Services.
On the sell side, the largest reduction was US Steel, an estimated $2.14M trimmed.
- Slate Path Capital's largest Q4 2016 buy was State Street Financial Select Sector SPDR ETF: 27,100,000 shares worth $630M.
- Slate Path Capital added most to Andeavor in Q4 2016, an estimated $69.6M increase.
- Slate Path Capital's biggest Q4 2016 reduction was US Steel, cutting an estimated $2.14M.
- Slate Path Capital fully exited PayPal in Q4 2016, selling an estimated $241M.
- Slate Path Capital's ten largest holdings make up 92% of its $3.29B portfolio in Q4 2016.
- Slate Path Capital opened 6 new positions and closed 3 in Q4 2016.
- Slate Path Capital's portfolio value fell 45% quarter-over-quarter to $3.29B.
Based on Slate Path Capital's 13F filing for Q4 2016, filed 14 Feb 2017.