Slate Path Capital LP

New York, NY · CIK 1559706 · 13F filing filed 2024-08-14

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)

$4.9bn reported value -2.1% vs Q1 2024

58positions

47.0%in top 10

11 new 11 added 13 reduced 15 sold out vs Q1 2024

Options: 4 call positions ($314.7m notional), 0 put positions (— notional) – listed below, not included above.

Holdings, Q2 2024

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	TEVA PHARMACEUTICAL INDS LTD SPONSORED ADS SPONSORED ADS		20,191,184	$328.1m6.64%	6.64%	Reduced -6.7m	-6,705,000 -24.9%
2	SEAGATE TECHNOLOGY HLDNGS PL ORD SHS STX	STX	3,111,206	$321.3m6.51%	6.51%	Reduced -726.6k	-726,600 -18.9%
3	WESTERN DIGITAL CORP COM WDC	WDC	3,800,973	$288.0m5.83%	5.83%	Reduced -1.5m	-1,492,400 -28.2%
4	HEWLETT PACKARD ENTERPRISE C COM HPE	HPE	12,307,000	$260.5m5.28%	5.28%	Added +4.1m	+4,143,000 50.8%
5	SEA LTD SPONSORD ADS SE	SE	2,850,200	$203.6m4.12%	4.12%	Reduced -45.0k	-45,000 -1.6%
6	DELTA AIR LINES INC DEL COM NEW DAL	DAL	4,117,000	$195.3m3.95%	3.95%	New
7	TECK RESOURCES LTD CL B TECK	TECK	3,949,053	$189.2m3.83%	3.83%	Reduced -701.8k	-701,847 -15.1%
8	AERCAP HOLDINGS NV SHS AER	AER	1,998,000	$186.2m3.77%	3.77%	Unchanged
9	CISCO SYS INC COM CSCO	CSCO	3,879,000	$184.3m3.73%	3.73%	New
10	TRANSOCEAN LTD REGISTERED SHS RIG	RIG	31,002,545	$165.9m3.36%	3.36%	Added +3.2m	+3,218,000 11.6%
11	ALCOA CORP COM AA	AA	3,731,141	$148.4m3.01%	3.01%	Reduced -209.4k	-209,400 -5.3%
12	GE VERNOVA INC COM GEV	GEV	810,368	$139.0m2.81%	2.81%	Added +585.4k	+585,375 260.2%
13	KRANESHARES TRUST CSI CHI INTERNET KWEB	KWEB	5,015,037	$135.5m2.74%	2.74%	Added +1.2m	+1,151,000 29.8%
14	CLEVELAND-CLIFFS INC NEW COM CLF	CLF	8,346,000	$128.4m2.60%	2.60%	Added +1.2m	+1,239,000 17.4%
15	VANECK ETF TRUST GOLD MINERS ETF GDX	GDX	3,750,000	$127.2m2.58%	2.58%	Reduced -4.3m	-4,295,000 -53.4%
16	CIVITAS RESOURCES INC COM NEW CIVI	CIVI	1,809,935	$124.9m2.53%	2.53%	Unchanged
17	ORGANON & CO COMMON STOCK OGN	OGN	5,393,786	$111.7m2.26%	2.26%	Added +248.0k	+248,000 4.8%
18	ARROWHEAD PHARMACEUTICALS IN COM ARWR	ARWR	4,139,000	$107.6m2.18%	2.18%	Unchanged
19	PAN AMERN SILVER CORP COM PAAS	PAAS	5,257,000	$104.5m2.12%	2.12%	Unchanged
20	AMERICAN AIRLS GROUP INC COM AAL	AAL	9,053,000	$102.6m2.08%	2.08%	New
21	STONECO LTD COM CL A STNE	STNE	7,285,000	$87.3m1.77%	1.77%	Added +541.0k	+541,000 8.0%
22	GE AEROSPACE COM NEW GE	GE	537,500	$85.4m1.73%	1.73%	Reduced -392.0k	-392,000 -42.2%
23	ALIBABA GROUP HLDG LTD SPONSORED ADS BABA	BABA	1,166,500	$84.0m1.70%	1.70%	Added +957.7k	+957,700 458.7%
24	VANECK ETF TRUST JUNIOR GOLD MINE GDXJ	GDXJ	1,965,000	$82.8m1.68%	1.68%	Reduced -1.5m	-1,458,000 -42.6%
25	NEW YORK TIMES CO CL A NYT	NYT	1,508,000	$77.2m1.56%	1.56%	Unchanged
26	UNITED AIRLS HLDGS INC COM UAL	UAL	1,557,800	$75.8m1.53%	1.53%	New
27	CHARTER COMMUNICATIONS INC N CL A CHTR	CHTR	238,371	$71.3m1.44%	1.44%	Unchanged
28	KE HLDGS INC SPONSORED ADS BEKE	BEKE	4,902,058	$69.4m1.40%	1.40%	New
29	VALARIS LTD CL A VAL	VAL	882,000	$65.7m1.33%	1.33%	Unchanged
30	NEWMONT CORP COM NEM	NEM	1,569,000	$65.7m1.33%	1.33%	New
31	TIDEWATER INC NEW COM TDW	TDW	647,000	$61.6m1.25%	1.25%	Reduced -439.0k	-439,000 -40.4%
32	FRONTIER COMMUNICATIONS PARE COM FYBR	FYBR	2,299,679	$60.2m1.22%	1.22%	Unchanged
33	IRHYTHM TECHNOLOGIES INC COM IRTC	IRTC	510,500	$55.0m1.11%	1.11%	Unchanged
34	BARRICK GOLD CORP COM COM		3,272,000	$54.6m1.11%	1.11%	New
35	NOV INC COM NOV	NOV	2,848,000	$54.1m1.10%	1.10%	Unchanged
36	UNITED STATES STL CORP NEW COM X	X	1,275,537	$48.2m0.98%	0.98%	Reduced -410.0k	-410,000 -24.3%
37	TRANSDIGM GROUP INC COM TDG	TDG	34,300	$43.8m0.89%	0.89%	Unchanged
38	NOKIA CORP SPONSORED ADR NOK	NOK	9,557,103	$36.1m0.73%	0.73%	Reduced -22.3m	-22,255,897 -70.0%
39	JD.COM INC SPON ADS CL A JD	JD	1,352,000	$34.9m0.71%	0.71%	Added +846.0k	+846,000 167.2%
40	SEADRILL LTD COM SDRL	SDRL	558,700	$28.8m0.58%	0.58%	Unchanged
41	TESLA INC COM TSLA	TSLA	135,300	$26.8m0.54%	0.54%	New
42	AIR LEASE CORP CL A AL	AL	363,500	$17.3m0.35%	0.35%	Added +95.9k	+95,900 35.8%
43	BAIDU INC SPON ADR REP A BIDU	BIDU	182,900	$15.8m0.32%	0.32%	Added +76.7k	+76,700 72.2%
44	SPHERE ENTERTAINMENT CO CL A SPHR	SPHR	411,174	$14.4m0.29%	0.29%	Unchanged
45	SIBANYE STILLWATER LTD SPONSORED ADR SBSW	SBSW	3,079,000	$13.4m0.27%	0.27%	Unchanged
46	DLOCAL LTD CLASS A COM DLO	DLO	1,547,000	$12.5m0.25%	0.25%	New
47	SKYWEST INC COM SKYW	SKYW	150,200	$12.3m0.25%	0.25%	New
48	CENTURY ALUM CO COM CENX	CENX	598,000	$10.0m0.20%	0.20%	Reduced -280.0k	-280,000 -31.9%
49	RIVIAN AUTOMOTIVE INC COM CL A RIVN	RIVN	691,000	$9.3m0.19%	0.19%	New
50	INVIVYD INC COM IVVD	IVVD	3,735,000	$4.1m0.08%	0.08%	Unchanged
51	CUE BIOPHARMA INC COM COM		2,402,455	$3.0m0.06%	0.06%	Unchanged
52	STANDARD BIOTOOLS INC COM LAB	LAB	1,615,000	$2.9m0.06%	0.06%	Unchanged
53	PLATINUM GROUP METALS LTD COM PLG	PLG	900,000	$1.5m0.03%	0.03%	Unchanged
54	CYCLERION THERAPEUTICS INC COM COM		357,880	$823.1k0.02%	0.02%	Unchanged
55	NEXIMMUNE INC COM NEW NEXI	NEXI	36,999	$102.1k0.00%	0.00%	Unchanged
56	AURORA INNOVATION INC *W EXP 11/03/202 AUROW	AUROW	437,500	$90.6k0.00%	0.00%	Unchanged
57	HIPPO HLDGS INC W EXP 08/02/202 W EXP 08/02/202		350,000	$7.7k0.00%	0.00%	Unchanged
58	BLUERIVER ACQUISITION CORP *W EXP 01/04/202 BLUAW	BLUAW	200,000	$3.0k0.00%	0.00%	Unchanged

Sold out since Q1 2024

Security	Ticker	Shares held before	Value then
VIATRIS INC VTRS	VTRS	10,798,000	$128.9m10.8m shares
MICRON TECHNOLOGY INC MU	MU	987,650	$116.4m987.6k shares
TELEFONAKTIEBOLAGET LM ERICS ERIC	ERIC	16,983,000	$93.6m17.0m shares
PERRIGO CO PLC PRGO	PRGO	2,845,000	$91.6m2.8m shares
INSULET CORP PODD	PODD	444,800	$76.2m444.8k shares
CIENA CORP CIEN	CIEN	1,232,083	$60.9m1.2m shares
FREEPORT-MCMORAN INC FCX	FCX	1,287,000	$60.5m1.3m shares
LYFT INC LYFT	LYFT	1,218,000	$23.6m1.2m shares
BANCO MACRO SA BMA	BMA	472,000	$22.7m472.0k shares
INARI MED INC NARI	NARI	418,000	$20.1m418.0k shares
GRUPO FINANCIERO GALICIA S.A GGAL	GGAL	234,000	$5.9m234.0k shares
VISTA ENERGY S.A.B. DE C.V. VIST	VIST	95,000	$3.9m95.0k shares
VISTRA CORP VST	VST	33,900	$2.4m33.9k shares
CONSTELLATION ENERGY CORP CEG	CEG	12,400	$2.3m12.4k shares
NRG ENERGY INC NRG	NRG	30,000	$2.0m30.0k shares

Options (notional value)

Underlying	Ticker	Type	Shares controlled	Notional	Change
SEAGATE TECHNOLOGY HLDNGS PL STX · Call	STX	Call	1,491,100	$154.0m1.5m shares	New
KINDER MORGAN INC DEL KMI · Call	KMI	Call	4,808,500	$95.5m4.8m shares	New
CISCO SYS INC CSCO · Call	CSCO	Call	782,500	$37.2m782.5k shares	New
WESTERN DIGITAL CORP WDC · Call	WDC	Call	369,000	$28.0m369.0k shares	New

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