Slate Path Capital LP

New York, NY · CIK 1559706 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2012 · limited partnership

Assets managed$12.0bn
Staff25 · 12 in investment roles
Main clients (by assets)Private funds 100%
Private funds2 (2 hedge) · $12.0bn gross assets
Websiteslatepathcapital.com
Form ADV · 2026-07-30SEC adviser record

Legal entitySLATE PATH CAPITAL LP (US)

$7.2bn reported value +7.3% vs Q1 2026

40positions

55.3%in top 10

11 new 12 added 7 reduced 15 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	UNION PAC CORP COM UNP	UNP	2,302,604	$626.3m8.67%	8.67%	Added +1.6m	+1,569,800 214.2%
2	UNITY SOFTWARE INC COM U	U	16,075,152	$459.4m6.36%	6.36%	Added +4.7m	+4,725,400 41.6%
3	UNITED AIRLS HLDGS INC COM UAL	UAL	3,325,452	$452.2m6.26%	6.26%	Added +212.4k	+212,400 6.8%
4	HUMANA INC COM HUM	HUM	1,079,930	$429.0m5.94%	5.94%	Added +620.2k	+620,230 134.9%
5	STMICROELECTRONICS N V NY REGISTRY STM	STM	5,239,714	$392.4m5.43%	5.43%	Reduced -885.7k	-885,686 -14.5%
6	RIVIAN AUTOMOTIVE INC COM CL A RIVN	RIVN	21,978,400	$381.3m5.28%	5.28%	New
7	HEWLETT PACKARD ENTERPRISE C COM HPE	HPE	7,781,642	$351.0m4.86%	4.86%	Reduced -15.5m	-15,473,200 -66.5%
8	FEDEX FGHT HLDG CO INC COMMON STOCK FDXF	FDXF	2,247,200	$339.3m4.70%	4.70%	New
9	DELTA AIR LINES INC DEL COM NEW DAL	DAL	3,015,048	$282.4m3.91%	3.91%	Added +48.5k	+48,500 1.6%
10	NUCOR CORP COM NUE	NUE	1,258,770	$280.4m3.88%	3.88%	Reduced -782.7k	-782,700 -38.3%
11	FREEPORT-MCMORAN INC CL B FCX	FCX	4,423,300	$278.2m3.85%	3.85%	Added +954.4k	+954,400 27.5%
12	CLEVELAND-CLIFFS INC NEW COM CLF	CLF	28,410,081	$266.8m3.69%	3.69%	Added +9.2m	+9,166,100 47.6%
13	KNIGHT-SWIFT TRANSN HLDGS IN CL A KNX	KNX	3,411,000	$265.6m3.68%	3.68%	Reduced -1.2m	-1,207,200 -26.1%
14	WOLFSPEED INC COMMON STOCK WOLF	WOLF	4,438,156	$214.1m2.96%	2.96%	Unchanged
15	CSX CORP COM CSX	CSX	4,009,200	$190.6m2.64%	2.64%	New
16	INTERNATIONAL PAPER CO COM IP	IP	4,861,976	$185.2m2.56%	2.56%	Added +1.5m	+1,482,300 43.9%
17	TRANSOCEAN LTD REGISTERED SHS RIG	RIG	37,266,300	$182.2m2.52%	2.52%	Added +7.2m	+7,204,200 24.0%
18	APTIV PLC COM SHS APTV	APTV	2,650,115	$162.7m2.25%	2.25%	New
19	JAMES HARDIE INDS PLC ORD SHS JHX	JHX	6,021,000	$157.6m2.18%	2.18%	Added +656.5k	+656,500 12.2%
20	AMERICAN AIRLS GROUP INC COM AAL	AAL	8,276,584	$149.6m2.07%	2.07%	Added +1.8m	+1,804,900 27.9%
21	ROBLOX CORP CL A RBLX	RBLX	2,746,300	$149.3m2.07%	2.07%	New
22	TEXAS INSTRS INC COM TXN	TXN	495,521	$147.7m2.04%	2.04%	Reduced -2.2m	-2,174,704 -81.4%
23	AKAMAI TECHNOLOGIES INC COM AKAM	AKAM	1,196,800	$141.5m1.96%	1.96%	New
24	ENPHASE ENERGY INC COM ENPH	ENPH	2,587,170	$127.4m1.76%	1.76%	Added +1.7m	+1,677,270 184.3%
25	ON SEMICONDUCTOR CORP COM ON	ON	1,269,323	$120.0m1.66%	1.66%	Reduced -6.5m	-6,529,477 -83.7%
26	CARMAX INC COM KMX	KMX	1,827,700	$96.7m1.34%	1.34%	New
27	PARAMOUNT SKYDANCE CORP COM CL B SKYD	SKYD	7,512,784	$74.1m1.03%	1.03%	Unchanged
28	FIGURE TECHNOLOGY SOLUTIO COM CL A FIGR	FIGR	2,002,100	$61.5m0.85%	0.85%	Unchanged
29	GDS HLDGS LTD SPONSORED ADS GDS	GDS	1,501,100	$45.1m0.62%	0.62%	New
30	COINBASE GLOBAL INC COM CL A COIN	COIN	263,379	$38.5m0.53%	0.53%	Unchanged
31	CIRCLE INTERNET GROUP INC COM CL A CRCL	CRCL	567,300	$35.5m0.49%	0.49%	New
32	SNAP INC CL A SNAP	SNAP	7,287,400	$32.4m0.45%	0.45%	Unchanged
33	WHIRLPOOL CORP COM WHR	WHR	662,300	$26.1m0.36%	0.36%	Unchanged
34	HYPERLIQUID STRATEGIES INC COM PURR	PURR	2,719,000	$21.4m0.30%	0.30%	New
35	XPO INC COM XPO	XPO	100,600	$20.7m0.29%	0.29%	Unchanged
36	GE VERNOVA INC COM GEV	GEV	13,519	$15.9m0.22%	0.22%	Reduced -103.0k	-103,039 -88.4%
37	UNITEDHEALTH GROUP INC COM UNH	UNH	28,300	$11.8m0.16%	0.16%	New
38	NEWAMSTERDAM PHARMA COMPANY ORDINARY SHARES NAMS	NAMS	319,000	$10.8m0.15%	0.15%	Unchanged
39	TVARDI THERAPEUTICS INC COM TVRD	TVRD	704,118	$1.3m0.02%	0.02%	Unchanged
40	AURORA INNOVATION INC *W EXP 11/03/202 AUROW	AUROW	437,500	$140.0k0.00%	0.00%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
ROCKET COS INC RKT	RKT	23,152,887	$329.9m23.2m shares
NOKIA CORP NOK	NOK	35,838,802	$288.1m35.8m shares
QNITY ELECTRONICS INC Q	Q	2,489,700	$287.3m2.5m shares
EQT CORP EQT	EQT	3,886,288	$247.3m3.9m shares
GLOBALFOUNDRIES INC GFS	GFS	5,042,300	$224.3m5.0m shares
AMRIZE LTD AMRZ	AMRZ	3,752,947	$210.2m3.8m shares
AERCAP HOLDINGS NV AER	AER	974,544	$133.7m974.5k shares
SAIA INC SAIA	SAIA	308,000	$108.2m308.0k shares
TWILIO INC TWLO	TWLO	742,810	$93.5m742.8k shares
SOLAREDGE TECHNOLOGIES INC SEDG	SEDG	736,700	$37.6m736.7k shares
T1 ENERGY INC TE	TE	6,287,300	$27.6m6.3m shares
EXPAND ENERGY CORPORATION EXE	EXE	133,555	$14.7m133.6k shares
STUBHUB HLDGS INC STUB	STUB	1,459,200	$9.1m1.5m shares
SMURFIT WESTROCK PLC SW	SW	186,684	$7.4m186.7k shares
STANDARD BIOTOOLS INC LAB	LAB	1,615,000	$1.5m1.6m shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
WOLFSPEED INC WOLF · 13G · filed 2026-05-15	WOLF	10.0%≈ $310.6m	new	13G	2026-05-15
TVARDI THERAPEUTICS INC TVRD · 13G · filed 2025-08-14	TVRD	7.5%≈ $1.3m	new	13G	2025-08-14