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 |
Avis
CAR
|
+$79.9M |
| 2 |
DXC Technology
DXC
|
+$67.1M |
| 3 |
Pandora Media Inc
P
|
+$53M |
| 4 |
TWTR
Twitter, Inc.
TWTR
|
+$34.1M |
| 5 |
Ally Financial
ALLY
|
+$3.14M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street Financial Select Sector SPDR ETF
XLF
|
+$286M |
| 2 |
US Steel
X
|
+$105M |
| 3 |
DexCom
DXCM
|
+$94.9M |
| 4 |
Alnylam Pharmaceuticals
ALNY
|
+$55.3M |
| 5 |
ANDV
Andeavor
ANDV
|
+$53.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 41.94% |
| 2 | Communication Services | 19.88% |
| 3 | Consumer Discretionary | 10.03% |
| 4 | Healthcare | 9.67% |
| 5 | Financials | 8.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
CALL
Invesco QQQ Trust
QQQ
$445B
| $551M | 20.91% |
+4,000,000
| New | +$550M |
2017 Q2
0 quarters
|
|
2
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$780B
| $423M | 16.07% |
+1,750,000
| New | +$419M |
2017 Q2
0 quarters
|
|
|
TWTR
3
DELISTED
Twitter, Inc.
TWTR
| $271M | 10.28% |
15,140,000
+2,000,000
| +15% | +$34.1M |
2016 Q4
2 quarters
|
|
|
4
Ally Financial
ALLY
$11.5B
| $221M | 8.4% |
10,580,000
+160,000
| +2% | +$3.14M |
2016 Q4
2 quarters
|
|
5
Charter Communications
CHTR
$13.5B
| $204M | 7.74% |
605,000
-145,000
| -19% | -$48.4M |
2013 Q2
16 quarters
|
|
6
Insulet
PODD
$10.2B
| $143M | 5.45% |
2,795,000
-55,000
| -2% | -$2.39M |
2015 Q1
9 quarters
|
|
|
TIF
7
DELISTED
Tiffany & Co.
TIF
| $142M | 5.4% |
1,515,000
-145,000
| -9% | -$13.3M |
2017 Q1
1 quarter
|
|
8
VanEck Gold Miners ETF
GDX
$27B
| $131M | 4.96% |
5,920,000
-1,725,000
| -23% | -$39.2M |
2015 Q3
7 quarters
|
|
9
Advance Auto Parts
AAP
$2.75B
| $122M | 4.63% |
1,045,000
-45,000
| -4% | -$6.18M |
2016 Q3
3 quarters
|
|
|
ANDV
10
DELISTED
Andeavor
ANDV
| $110M | 4.19% |
1,180,000
-635,000
| -35% | -$53.6M |
2014 Q3
11 quarters
|
|
|
11
Alnylam Pharmaceuticals
ALNY
$20.9B
| $90.5M | 3.44% |
1,135,000
-865,000
| -43% | -$55.3M |
2013 Q2
16 quarters
|
|
|
12
Avis
CAR
$4.2B
| $84.5M | 3.21% |
+3,100,000
| New | +$79.9M |
2017 Q2
0 quarters
|
|
|
13
DXC Technology
DXC
$2.31B
| $67.1M | 2.55% |
+1,011,500
| New | +$67.1M |
2017 Q2
0 quarters
|
|
|
14
DELISTED
Pandora Media Inc
P
| $49.1M | 1.87% |
+5,505,000
| New | +$53M |
2017 Q2
0 quarters
|
|
|
MDCO
15
DELISTED
Medicines Co
MDCO
| $20.7M | 0.79% |
545,000
-135,000
| -20% | -$6.01M |
2017 Q1
1 quarter
|
|
|
ATCO
16
DELISTED
Atlas Corp.
ATCO
| $3.21M | 0.12% |
450,000
-110,000
| -20% | -$684K |
2017 Q1
1 quarter
|
|
|
17
DexCom
DXCM
$29.6B
| – | – |
-4,478,000
| Closed | -$94.9M | – |
|
|
18
DELISTED
US Steel
X
| – | – |
-3,115,000
| Closed | -$105M | – |
|
|
19
State Street Financial Select Sector SPDR ETF
XLF
$54.2B
| – | – |
-12,060,000
| Closed | -$286M | – |
|
Similar funds
Slate Path Capital's Q2 2017 Portfolio in Review
As of Q2 2017, Slate Path Capital held 19 positions worth $2.63B, up 29% from $2.04B the previous quarter. Its ten largest holdings account for 88% of the portfolio.
Slate Path Capital withdrew a net $474M in Q2 2017, closing 3 positions and reducing 9 holdings. Its most notable exit was State Street Financial Select Sector SPDR ETF, an estimated $286M position sold in full.
By sector, the portfolio is most concentrated in Miscellaneous at 42% of assets, up from 23% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Slate Path Capital opened a new position in Avis worth $84.5M.
- Slate Path Capital's largest Q2 2017 buy was Avis: 3,100,000 shares worth $84.5M.
- Slate Path Capital added most to Twitter, Inc. in Q2 2017, an estimated $34.1M increase.
- Slate Path Capital's biggest Q2 2017 reduction was Alnylam Pharmaceuticals, cutting an estimated $55.3M.
- Slate Path Capital fully exited State Street Financial Select Sector SPDR ETF in Q2 2017, selling an estimated $286M.
- Slate Path Capital's ten largest holdings make up 88% of its $2.63B portfolio in Q2 2017.
- Slate Path Capital opened 5 new positions and closed 3 in Q2 2017.
- Slate Path Capital's portfolio value rose 29% quarter-over-quarter to $2.63B.
Based on Slate Path Capital's 13F filing for Q2 2017, filed 14 Aug 2017.