Slate Path Capital LP
Slate Path Capital LP, managed by David Greenspan, reported 40 positions worth $7.22B in its 2026 Q2 13F filing: 11 new and 15 closed.
Estimated return
Since 2025 Q2 the disclosed positions returned an estimated +166.7% against +34.4% for the S&P 500. Price-only return of the fund's top 100 US longs at each quarter start, vs the S&P 500 over the same windows. Not the fund's actual return (no trades, fees, shorts, derivatives, cash).
| Quarter | Fund | S&P 500 |
|---|---|---|
| 2025 Q2 | +19.1% | +11.4% |
| 2025 Q3 | +43.3% | +7.6% |
| 2025 Q4 | +15.6% | +3.1% |
| 2026 Q1 | -4.2% | -5.8% |
| 2026 Q2 | +41.0% | +15.5% |
Top holdings, 2026 Q2
| Ticker | Company | Value | Portfolio % | Change |
|---|---|---|---|---|
| UNP | UNION PAC CORP | $626.31M | 8.70% | +214.2% |
| U | UNITY SOFTWARE INC | $459.43M | 6.40% | +41.6% |
| UAL | UNITED AIRLS HLDGS INC | $452.23M | 6.30% | +6.8% |
| HUM | HUMANA INC | $428.97M | 5.90% | +134.9% |
| STM | STMICROELECTRONICS N V | $392.40M | 5.40% | -14.5% |
| RIVN | RIVIAN AUTOMOTIVE INC | $381.33M | 5.30% | NEW |
| HPE | HEWLETT PACKARD ENTERPRISE C | $351.03M | 4.90% | -66.5% |
| FDXF | FEDEX FGHT HLDG CO INC | $339.33M | 4.70% | NEW |
| DAL | DELTA AIR LINES INC | $282.39M | 3.90% | +1.6% |
| NUE | NUCOR CORP | $280.39M | 3.90% | -38.3% |
| FCX | FREEPORT MCMORAN INC | $278.18M | 3.90% | +27.5% |
| CLF | CLEVELAND-CLIFFS INC NEW | $266.77M | 3.70% | +47.6% |
| KNX | KNIGHT-SWIFT TRANSN HLDGS IN | $265.61M | 3.70% | -26.1% |
| WOLF | WOLFSPEED INC | $214.14M | 3.00% | NO CHANGE |
| CSX | CSX CORP | $190.56M | 2.60% | NEW |
| IP | INTERNATIONAL PAPER CO | $185.24M | 2.60% | +43.9% |
| RIG | TRANSOCEAN LTD | $182.23M | 2.50% | +24% |
| APTV | APTIV PLC | $162.66M | 2.30% | NEW |
| JHX | JAMES HARDIE INDS PLC | $157.63M | 2.20% | +12.2% |
| AAL | AMERICAN AIRLINES GROUP INC | $149.56M | 2.10% | +27.9% |
| RBLX | ROBLOX CORP | $149.34M | 2.10% | NEW |
| TXN | TEXAS INSTRS INC | $147.70M | 2.00% | -81.4% |
| AKAM | AKAMAI TECHNOLOGIES INC | $141.47M | 2.00% | NEW |
| ENPH | ENPHASE ENERGY INC | $127.39M | 1.80% | +184.3% |
| ON | ON SEMICONDUCTOR CORP | $120.00M | 1.70% | -83.7% |
| KMX | CARMAX INC | $96.67M | 1.30% | NEW |
| SKYD | PARAMOUNT SKYDANCE CORP | $74.08M | 1.00% | NO CHANGE |
| FIGR | FIGURE TECHNOLOGY SOLUTIO | $61.48M | 0.85% | NO CHANGE |
| GDS | GDS HLDGS LTD | $45.08M | 0.62% | NEW |
| COIN | COINBASE GLOBAL INC | $38.50M | 0.53% | NO CHANGE |
| CRCL | CIRCLE INTERNET GROUP INC | $35.53M | 0.49% | NEW |
| SNAP | SNAP INC | $32.36M | 0.45% | NO CHANGE |
| WHR | WHIRLPOOL CORP | $26.11M | 0.36% | NO CHANGE |
| PURR | HYPERLIQUID STRATEGIES INC | $21.40M | 0.30% | NEW |
| XPO | XPO INC | $20.65M | 0.29% | NO CHANGE |
| GEV | GE VERNOVA INC | $15.88M | 0.22% | -88.4% |
| UNH | UNITEDHEALTH GROUP INC | $11.76M | 0.16% | NEW |
| NAMS | NEWAMSTERDAM PHARMA COMPANY | $10.81M | 0.15% | NO CHANGE |
| TVRD | TVARDI THERAPEUTICS INC | $1.34M | 0.02% | NO CHANGE |
| AUROW | AURORA INNOVATION INC | $140.04K | 0.00% | NO CHANGE |
All funds · Hedge Fund Tracker
Source: SEC EDGAR 13F filings, reported as of quarter end and filed up to 45 days later. Not investment advice.