13F portfolio / Investment manager
Slate Path Capital
David Greenspan (CEO, co-CIO)
The firm is based in New York, NY, according to its SEC filings.
Its earliest 13F holdings report on SEC EDGAR was filed in February 2013.
SEC Form ADV lists David G. Greenspan as president, chief executive officer and co-chief investment officer.
The 13F shows long US-listed stock and option positions only. It leaves out short positions, cash, bonds and most non-US holdings.
- Reported 13F value
- $7.2B
- Positions
- 40
- Est. 1-yearEstimate
- +49.4%SPY +15.7%
- Est. 3-year, annualizedEstimate
- +52.7%SPY +22.8%
As of Jun 30, 2026 · filed Aug 14, 2026
Holdings
11 new · 12 added · 7 trimmed · 10 unchanged · 15 sold out
| 1 | UNP on Yahoo Finance (opens in a new tab) | Union Pac CorpCOM | 8.7% | $626M | 2,302,604 | Added +214.2% | $247.56 | $287.24 | +16.0% |
| 2 | U on Yahoo Finance (opens in a new tab) | Unity Software IncCOM | 6.4% | $459M | 16,075,152 | Added +41.6% | $24.69 | $40.64 | +64.6% |
| 3 | UAL on Yahoo Finance (opens in a new tab) | United Airls Hldgs IncCOM | 6.3% | $452M | 3,325,452 | Added +6.8% | $84.15 | $96.99 | +15.3% |
| 4 | HUM on Yahoo Finance (opens in a new tab) | Humana IncCOM | 5.9% | $429M | 1,079,930 | Added +134.9% | $273.57 | $417.60 | +52.6% |
| 5 | STM on Yahoo Finance (opens in a new tab) | Stmicroelectronics N VNY REGISTRY | 5.4% | $392M | 5,239,714 | Trimmed -14.5% | $26.22 | $45.62 | +73.9% |
| 6 | RIVN on Yahoo Finance (opens in a new tab) | Rivian Automotive IncCOM CL A | 5.3% | $381M | 21,978,400 | New | $15.60 | $12.53 | -19.6% |
| 7 | HPE on Yahoo Finance (opens in a new tab) | Hewlett Packard Enterprise CCOM | 4.9% | $351M | 7,781,642 | Trimmed -66.5% | $19.04 | $55.04 | +189.1% |
| 8 | FDXF on Yahoo Finance (opens in a new tab) | FedEx Fght Hldg Co IncCOMMON STOCK | 4.7% | $339M | 2,247,200 | New | $163.79 | $113.39 | -30.8% |
| 9 | DAL on Yahoo Finance (opens in a new tab) | Delta Air Lines IncCOM NEW | 3.9% | $282M | 3,015,048 | Added +1.6% | $53.07 | $75.66 | +42.6% |
| 10 | NUE on Yahoo Finance (opens in a new tab) | Nucor CorpCOM | 3.9% | $280M | 1,258,770 | Trimmed -38.3% | $146.12 | $257.19 | +76.0% |
| 11 | FCX on Yahoo Finance (opens in a new tab) | Freeport Mcmoran IncCL B | 3.9% | $278M | 4,423,300 | Added +27.5% | $47.46 | $69.40 | +46.2% |
| 12 | CLF on Yahoo Finance (opens in a new tab) | Cleveland-Cliffs Inc NewCOM | 3.7% | $267M | 28,410,081 | Added +47.6% | $12.03* | $12.17 | +1.1% |
| 13 | KNX on Yahoo Finance (opens in a new tab) | Knight-Swift Transn Hldgs InCL A | 3.7% | $266M | 3,411,000 | Trimmed -26.1% | $47.11 | $64.69 | +37.3% |
| 14 | WOLF on Yahoo Finance (opens in a new tab) | Wolfspeed IncCOMMON STOCK | 3.0% | $214M | 4,438,156 | Unchanged | $18.04 | $23.70 | +31.4% |
| 15 | CSX on Yahoo Finance (opens in a new tab) | CSX CorpCOM | 2.6% | $191M | 4,009,200 | New | $44.94 | $48.48 | +7.9% |
| 16 | IP on Yahoo Finance (opens in a new tab) | International Paper CoCOM | 2.6% | $185M | 4,861,976 | Added +43.9% | $43.40 | $33.82 | -22.1% |
| 17 | RIG on Yahoo Finance (opens in a new tab) | Transocean LtdREGISTERED SHS | 2.5% | $182M | 37,266,300 | Added +24.0% | $5.75 | $5.61 | -2.5% |
| 18 | APTV on Yahoo Finance (opens in a new tab) | Aptiv PLCCOM SHS | 2.3% | $163M | 2,650,115 | New | $61.17 | $45.51 | -25.6% |
| 19 | JHX on Yahoo Finance (opens in a new tab) | James Hardie Inds PLCORD SHS | 2.2% | $158M | 6,021,000 | Added +12.2% | $21.74 | $25.68 | +18.1% |
| 20 | AAL on Yahoo Finance (opens in a new tab) | American Airlines Group IncCOM | 2.1% | $150M | 8,276,584 | Added +27.9% | $12.38 | $11.94 | -3.6% |
| 21 | RBLX on Yahoo Finance (opens in a new tab) | Roblox CorpCL A | 2.1% | $149M | 2,746,300 | New | $49.75 | $49.38 | -0.7% |
| 22 | TXN on Yahoo Finance (opens in a new tab) | Texas Instrs IncCOM | 2.0% | $148M | 495,521 | Trimmed -81.4% | $200.03 | $278.50 | +39.2% |
| 23 | AKAM on Yahoo Finance (opens in a new tab) | Akamai Technologies IncCOM | 2.0% | $141M | 1,196,800 | New | $124.50 | $88.04 | -29.3% |
| 24 | ENPH on Yahoo Finance (opens in a new tab) | Enphase Energy IncCOM | 1.8% | $127M | 2,587,170 | Added +184.3% | $44.13 | $30.51 | -30.9% |
| 25 | ON on Yahoo Finance (opens in a new tab) | ON Semiconductor CorpCOM | 1.7% | $120M | 1,269,323 | Trimmed -83.7% | $51.30 | $72.35 | +41.0% |
| 26 | KMX on Yahoo Finance (opens in a new tab) | Carmax IncCOM | 1.3% | $97M | 1,827,700 | New | $43.52 | $52.64 | +21.0% |
| 27 | SKYD on Yahoo Finance (opens in a new tab) | Paramount Skydance CorpCOM CL B | 1.0% | $74M | 7,512,784 | Unchanged | $13.17 | $6.86 | -47.9% |
| 28 | FIGR on Yahoo Finance (opens in a new tab) | Figure Technology SolutioCOM CL A | 0.9% | $61M | 2,002,100 | Unchanged | $40.23 | $27.74 | -31.1% |
| 29 | GDS on Yahoo Finance (opens in a new tab) | GDS Hldgs LtdSPONSORED ADS | 0.6% | $45M | 1,501,100 | New | $38.60 | $23.30 | -39.6% |
| 30 | COIN on Yahoo Finance (opens in a new tab) | Coinbase Global IncCOM CL A | 0.5% | $39M | 263,379 | Unchanged | $232.19 | $175.71 | -24.3% |
| 31 | CRCL on Yahoo Finance (opens in a new tab) | Circle Internet Group IncCOM CL A | 0.5% | $36M | 567,300 | New | $97.32 | $82.49 | -15.2% |
| 32 | SNAP on Yahoo Finance (opens in a new tab) | Snap IncCL A | 0.4% | $32M | 7,287,400 | Unchanged | $5.89 | $6.09 | +3.3% |
| 33 | WHR on Yahoo Finance (opens in a new tab) | Whirlpool CorpCOM | 0.4% | $26M | 662,300 | Unchanged | $83.27 | $27.93 | -66.5% |
| 34 | PURR on Yahoo Finance (opens in a new tab) | Hyperliquid Strategies IncCOM | 0.3% | $21M | 2,719,000 | New | $7.40 | $9.19 | +24.2% |
| 35 | XPO on Yahoo Finance (opens in a new tab) | Xpo IncCOM | 0.3% | $21M | 100,600 | Unchanged | $179.25 | $185.91 | +3.7% |
| 36 | GEV on Yahoo Finance (opens in a new tab) | GE Vernova IncCOM | 0.2% | $16M | 13,519 | Trimmed -88.4% | $154.63 | $927.56 | +499.8% |
| 37 | UNH on Yahoo Finance (opens in a new tab) | Unitedhealth Group IncCOM | 0.2% | $12M | 28,300 | New | $366.70 | $401.73 | +9.6% |
| 38 | NAMS on Yahoo Finance (opens in a new tab) | Newamsterdam Pharma CompanyORDINARY SHARES | 0.1% | $11M | 319,000 | Unchanged | $21.24 | $20.05 | -5.6% |
| 39 | TVRD on Yahoo Finance (opens in a new tab) | Tvardi Therapeutics IncCOM | 0.0% | $1M | 704,118 | Unchanged | $23.65 | $1.00 | -95.8% |
| 40 | AUROW on Yahoo Finance (opens in a new tab) | Aurora Innovation Inc*W EXP 11/03/202 | 0.0% | $140K | 437,500 | Unchanged | — | $0.01 | — |
Sold out since Q1 2026
- RKT on Yahoo Finance (opens in a new tab)Rocket Cos Inc$330M at Q1 2026
- NOK on Yahoo Finance (opens in a new tab)Nokia Corp$288M at Q1 2026
- Q on Yahoo Finance (opens in a new tab)Qnity Electronics Inc$287M at Q1 2026
- EQT on Yahoo Finance (opens in a new tab)Eqt Corp$247M at Q1 2026
- GFS on Yahoo Finance (opens in a new tab)Globalfoundries Inc$224M at Q1 2026
- AMRZ on Yahoo Finance (opens in a new tab)Amrize Ltd$210M at Q1 2026
- AER on Yahoo Finance (opens in a new tab)Aercap Holdings NV$134M at Q1 2026
- SAIA on Yahoo Finance (opens in a new tab)Saia Inc$108M at Q1 2026
- TWLO on Yahoo Finance (opens in a new tab)Twilio Inc$93M at Q1 2026
- SEDG on Yahoo Finance (opens in a new tab)Solaredge Technologies Inc$38M at Q1 2026
- TE on Yahoo Finance (opens in a new tab)T1 Energy Inc$28M at Q1 2026
- EXE on Yahoo Finance (opens in a new tab)Expand Energy Corporation$15M at Q1 2026
- STUB on Yahoo Finance (opens in a new tab)Stubhub Hldgs Inc$9M at Q1 2026
- SW on Yahoo Finance (opens in a new tab)Smurfit Westrock PLC$7M at Q1 2026
- LAB on Yahoo Finance (opens in a new tab)Standard Biotools Inc$1M at Q1 2026
Estimated, from reported holdings
Quarter by quarter
High-conviction buys (new positions at 3% or more of the portfolio) since Q3 2023: 20. Of 17 with six months of history, 70.6% beat the S&P 500 from the filing date.
Source: SEC Form 13F-HR 0001172661-26-003448, compared with the Q1 2026 report. 0 option rows are excluded from weights. Tickers map from CUSIP via OpenFIGI. Estimated returns weight each position’s next-quarter total return (Yahoo Finance adjusted closes) by its quarter-end value and assume no trades. Estimated cost averages daily adjusted closes in each quarter the share count rose, from Q3 2023 onward (* = held at the start of our data). Price is the latest close.
Important information
Form 13F data is delayed. Managers have up to 45 days after each calendar quarter to file, so holdings shown may have changed materially since the report date. 13F reports cover long positions in US-listed equities and certain other securities only; they exclude short positions, most non-US holdings, cash, bonds and private investments, and managers may request confidential treatment for some positions. Options rows are listed in filings but are not counted in the holdings and weights shown here.
Estimated holdings returns, estimated cost and high-conviction results are hypothetical calculations from quarter-end holdings and public prices, assuming no trades between reports. They are not the actual returns or costs of any fund or manager and do not reflect fees, trading, leverage, shorts or cash. Biographies are drawn from cited public sources. This page is for information only and is not individualized investment advice or a recommendation to buy or sell any security. Gulfstream Capital and its clients may hold positions in securities shown.