Slate Path Capital LP

New York, NY · CIK 1559706 · 13F filing filed 2023-08-14

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)

$2.7bn reported value +28.4% vs Q1 2023

49positions

50.7%in top 10

9 new 6 added 13 reduced 3 sold out vs Q1 2023

Holdings, Q2 2023

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	MICRON TECHNOLOGY INC COM MU	MU	3,239,900	$204.5m7.48%	7.48%	New
2	VANECK ETF TRUST GOLD MINERS ETF GDX	GDX	5,455,000	$164.3m6.01%	6.01%	Reduced -1.3m	-1,300,000 -19.2%
3	TRANSOCEAN LTD REGISTERED SHS RIG	RIG	23,314,545	$163.4m5.98%	5.98%	Added +220.0k	+220,000 0.9%
4	UNITED STATES STL CORP NEW COM X	X	5,943,000	$148.6m5.44%	5.44%	Added +1.2m	+1,220,000 25.8%
5	WESTERN DIGITAL CORP COM WDC	WDC	3,259,800	$123.6m4.52%	4.52%	New
6	CHARTER COMMUNICATIONS INC N CL A CHTR	CHTR	329,571	$121.1m4.43%	4.43%	Reduced -55.0k	-55,000 -14.3%
7	TECK RESOURCES LTD CL B TECK	TECK	2,850,300	$120.0m4.39%	4.39%	Reduced -68.7k	-68,700 -2.4%
8	EXPAND ENERGY CORPORATION COM EXE	EXE	1,409,000	$117.9m4.31%	4.31%	Reduced -500.0k	-500,000 -26.2%
9	TRANSDIGM GROUP INC COM TDG	TDG	127,900	$114.4m4.18%	4.18%	Unchanged
10	VANECK ETF TRUST JUNIOR GOLD MINE GDXJ	GDXJ	3,065,000	$109.3m4.00%	4.00%	Unchanged
11	SEAGATE TECHNOLOGY HLDNGS PL ORD SHS STX	STX	1,693,106	$104.8m3.83%	3.83%	New
12	TEVA PHARMACEUTICAL INDS LTD SPONSORED ADS SPONSORED ADS		12,437,000	$93.7m3.42%	3.42%	New
13	CIVITAS RESOURCES INC COM NEW CIVI	CIVI	1,313,000	$91.1m3.33%	3.33%	Unchanged
14	ADVANCED MICRO DEVICES INC COM AMD	AMD	775,000	$88.3m3.23%	3.23%	New
15	OPENDOOR TECHNOLOGIES INC COM OPEN	OPEN	21,175,956	$85.1m3.11%	3.11%	Reduced -3.4m	-3,376,735 -13.8%
16	VIATRIS INC COM VTRS	VTRS	7,821,000	$78.1m2.85%	2.85%	New
17	NOV INC COM NOV	NOV	4,690,000	$75.2m2.75%	2.75%	Unchanged
18	STONECO LTD COM CL A STNE	STNE	5,376,000	$68.5m2.50%	2.50%	Added +3.3m	+3,295,000 158.3%
19	FRONTIER COMMUNICATIONS PARE COM FYBR	FYBR	3,536,000	$65.9m2.41%	2.41%	Reduced -570.0k	-570,000 -13.9%
20	IRHYTHM TECHNOLOGIES INC COM IRTC	IRTC	575,000	$60.0m2.19%	2.19%	Added +90.0k	+90,000 18.6%
21	NEW YORK TIMES CO CL A NYT	NYT	1,508,000	$59.4m2.17%	2.17%	Reduced -275.0k	-275,000 -15.4%
22	PAN AMERN SILVER CORP COM PAAS	PAAS	3,888,000	$56.7m2.07%	2.07%	Unchanged
23	FERGUSON PLC NEW SHS FERG1GBX	FERG1GBX	303,000	$47.7m1.74%	1.74%	Unchanged
24	TIDEWATER INC NEW COM TDW	TDW	850,000	$47.1m1.72%	1.72%	Reduced -78.0k	-78,000 -8.4%
25	NOBLE CORP PLC ORD SHS A NE	NE	1,064,000	$44.0m1.61%	1.61%	Unchanged
26	PERIMETER SOLUTIONS SA COMMON STOCK 99001EUR	99001EUR	6,862,901	$42.2m1.54%	1.54%	Reduced -287.1k	-287,099 -4.0%
27	WARNER MUSIC GROUP CORP COM CL A WMG	WMG	1,609,779	$42.0m1.54%	1.54%	Reduced -1.5m	-1,525,000 -48.6%
28	COINBASE GLOBAL INC COM CL A COIN	COIN	569,000	$40.7m1.49%	1.49%	Unchanged
29	VALARIS LTD CL A VAL	VAL	465,000	$29.3m1.07%	1.07%	Reduced -44.0k	-44,000 -8.6%
30	ITAU UNIBANCO HLDG S A SPON ADR REP PFD ITUB	ITUB	3,144,000	$18.5m0.68%	0.68%	Unchanged
31	BANCO BRADESCO S A SP ADR PFD NEW BBD	BBD	5,265,000	$18.2m0.67%	0.67%	Unchanged
32	SNAP INC CL A SNAP	SNAP	1,460,000	$17.3m0.63%	0.63%	Added +110.0k	+110,000 8.2%
33	GE AEROSPACE COM NEW GE	GE	143,000	$15.7m0.57%	0.57%	Added +108.0k	+108,000 308.6%
34	PELOTON INTERACTIVE INC CL A COM PTON	PTON	1,980,000	$15.2m0.56%	0.56%	Unchanged
35	EQT CORP COM EQT	EQT	295,000	$12.1m0.44%	0.44%	Reduced -97.0k	-97,000 -24.7%
36	CUE BIOPHARMA INC COM COM		2,402,455	$8.8m0.32%	0.32%	Unchanged
37	PURE STORAGE INC CL A P	P	225,000	$8.3m0.30%	0.30%	New
38	INVIVYD INC COM IVVD	IVVD	3,735,000	$3.9m0.14%	0.14%	Unchanged
39	RIVIAN AUTOMOTIVE INC COM CL A RIVN	RIVN	161,000	$2.7m0.10%	0.10%	Unchanged
40	WEWORK INC CL A CL A		8,903,705	$2.3m0.08%	0.08%	Reduced -9.2m	-9,198,004 -50.8%
41	SEADRILL LTD COM SDRL	SDRL	42,000	$1.7m0.06%	0.06%	New
42	CYCLERION THERAPEUTICS INC COM COM		357,880	$1.5m0.05%	0.05%	New
43	PLATINUM GROUP METALS LTD COM PLG	PLG	900,000	$1.3m0.05%	0.05%	Unchanged
44	NEXIMMUNE INC COM COM		925,000	$260.7k0.01%	0.01%	Unchanged
45	AURORA INNOVATION INC *W EXP 11/03/202 AUROW	AUROW	437,500	$218.8k0.01%	0.01%	Unchanged
46	BENSON HILL INC *W EXP 09/29/202 BHLWQ	BHLWQ	250,000	$49.5k0.00%	0.00%	Unchanged
47	HIPPO HLDGS INC W EXP 08/02/202 W EXP 08/02/202		350,000	$13.2k0.00%	0.00%	Unchanged
48	BLUERIVER ACQUISITION CORP *W EXP 01/04/202 BLUAW	BLUAW	200,000	$6.8k0.00%	0.00%	Unchanged
49	BIRD GLOBAL INC W EXP 01/07/202 W EXP 01/07/202		120,000	$2.5k0.00%	0.00%	Unchanged

Sold out since Q1 2023

Security	Ticker	Shares held before	Value then
PDC ENERGY INC PDCE	PDCE	274,000	$17.6m274.0k shares
CLEVELAND-CLIFFS INC NEW CLF	CLF	588,000	$10.8m588.0k shares
CYCLERION THERAPEUTICS INC		7,157,601	$3.1m7.2m 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