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Slate Path Capital LP

Q4 2025 · Filed 2026-02-17
Market Value
$6.9B
+14.4%
Holdings
59
+3
New Purchases
14
Added To
10
Closed
14
Reduced
18
Top 10 Concentration
53.1%
Turnover
47.5%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
ON 8.26% 0.00% +8.26% $568M
FCX 3.81% 0.00% +3.81% $262M
HUM 3.55% 0.00% +3.55% $244M
KNX 3.26% 0.00% +3.26% $224M
RKT 7.24% 4.45% +2.79% $497M
TWLO 3.24% 0.76% +2.48% $222M
Q 2.28% 0.00% +2.28% $157M
STM 1.99% 0.00% +1.99% $137M
GFS 2.47% 1.06% +1.41% $170M
HPE 8.53% 7.16% +1.37% $586M
DAL 2.96% 1.64% +1.32% $203M
UAL 3.08% 1.86% +1.22% $211M
FIGR 1.10% 0.00% +1.10% $76M
NKE 1.03% 0.00% +1.03% $70M
GTLB 3.26% 2.37% +0.90% $224M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
SNDK 0.00% 5.03% -5.03% $0
UNP 2.53% 6.42% -3.90% $174M
WBD 0.00% 3.84% -3.84% $0
TEVA 0.00% 2.67% -2.67% $0
STX 0.00% 2.59% -2.59% $0
UPST 0.00% 2.31% -2.31% $0
WDC 0.81% 2.83% -2.03% $55M
U 5.27% 7.13% -1.85% $362M
GE 0.00% 1.29% -1.29% $0
B 0.17% 1.39% -1.22% $11M
NEM 0.16% 1.37% -1.21% $11M
STNE 0.00% 1.19% -1.19% $0
PAAS 1.01% 2.06% -1.05% $69M
COIN 0.83% 1.83% -1.00% $57M
DOW 0.00% 0.94% -0.94% $0

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 3 $78M 1.1%
Large Cap 39 $5.9B 86.4%
Mid Cap 14 $854M 12.4%
Small Cap 2 $2M 0.0%
Micro Cap 1 $3M 0.0%

Portfolio Analytics

Avg Market Cap
$50.9B
Median Market Cap
$26.0B
Avg P/E
56.9
Median P/E
29.4
Avg Dividend Yield
0.02%
Avg Beta
1.41
# Stocks
58
# ETFs / Funds
1

Top Holdings (59 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 HPE 8.53% 24,396,242 $586M $24.02 $156M +6,887,100 +39.3%
2 ON 8.26% 10,480,200 $568M $54.15 +10,480,200 NEW
3 RKT 7.24% 25,689,300 $497M $19.36 $230M +11,894,300 +86.2%
4 U 5.27% 8,200,752 $362M $44.17 -$66M -2,490,100 -23.3%
5 EQT 4.89% 6,272,388 $336M $53.60 $13M +332,800 +5.6%
6 CLF 4.33% 22,416,281 $298M $13.28 $57M +2,663,036 +13.5%
7 NUE 3.95% 1,664,170 $271M $163.11 $63M +126,870 +8.2%
8 FCX 3.81% 5,155,000 $262M $50.79 +5,155,000 NEW
9 HUM 3.55% 953,000 $244M $256.13 +953,000 NEW
10 GTLB 3.26% 5,973,800 $224M $37.53 $82M +2,818,800 +89.3%
11 KNX 3.26% 4,285,700 $224M $52.28 +4,285,700 NEW
12 TWLO 3.24% 1,562,600 $222M $142.24 $177M +1,107,700 +243.5%
13 NOK 3.17% 33,686,602 $218M $6.47 $41M -3,200,600 -8.7%
14 UAL 3.08% 1,889,952 $211M $111.82 $100M +731,780 +63.2%
15 DAL 2.96% 2,927,048 $203M $69.40 $105M +1,192,400 +68.7%
16 UNP 2.53% 750,204 $174M $231.32 -$212M -881,396 -54.0%
17 EXE 2.52% 1,567,514 $173M $110.36 $1M -48,200 -3.0%
18 GFS 2.47% 4,856,000 $170M $34.92 $106M +3,086,900 +174.5%
19 ARWR 2.44% 2,523,500 $168M $66.39 -$4M -2,458,500 -49.4%
20 Q 2.28% 1,916,800 $157M $81.65 +1,916,800 NEW
21 AAL 2.02% 9,034,394 $138M $15.33 $26M -947,400 -9.5%
22 STM 1.99% 5,280,500 $137M $25.94 +5,280,500 NEW
23 AER 1.96% 938,144 $135M $143.76 $11M -83,500 -8.2%
24 IP 1.48% 2,577,076 $102M $39.39 -$29M -240,674 -8.5%
25 GEV 1.13% 119,158 $78M $653.57 -$7M -18,200 -13.2%
26 GLW 1.11% 871,200 $76M $87.56 -$8M -153,000 -14.9%
27 FIGR 1.10% 1,853,900 $76M $40.84 +1,853,900 NEW
28 NKE 1.03% 1,106,400 $70M $63.71 +1,106,400 NEW
29 PAAS 1.01% 1,334,280 $69M $51.81 -$55M -1,860,520 -58.2%
30 PSKY 0.99% 5,093,293 $68M $13.40 -$44M -832,400 -14.1%
31 AMBA 0.84% 814,400 $58M $70.84 +814,400 NEW
32 COIN 0.83% 251,980 $57M $226.14 -$53M -74,200 -22.8%
33 WDC 0.81% 321,278 $55M $172.27 -$115M -1,094,959 -77.3%
34 FI 0.71% 727,400 $49M $67.17 +727,400 NEW
35 WHR 0.46% 433,700 $31M $72.14 -$34M -396,300 -47.8%
36 NVTS 0.30% 2,880,200 $21M $7.14 +2,880,200 NEW
37 LULU 0.27% 88,600 $18M $207.81 +88,600 NEW
38 CSX 0.25% 479,800 $17M $36.25 +479,800 NEW
39 B 0.17% 263,552 $11M $43.55 -$72M -2,286,282 -89.7%
40 NEM 0.16% 108,936 $11M $99.85 -$71M -865,276 -88.8%
41 NYT 0.14% 139,039 $10M $69.42 -$6M -137,300 -49.7%
42 KRE 0.12% 130,003 $8M $64.81 +130,003 NEW
43 TVRD 0.04% 704,118 $3M $4.30 -$24M
44 LAB 0.03% 1,615,000 $2M $1.28 -$32K
45 AUROW —% 437,500 $98K $0.23 -$155K
46 SNAP —% -$52M -6,706,200 -100.0% SOLD
47 WBD —% -$231M -11,804,700 -100.0% SOLD
48 LEN —% -$16M -124,102 -100.0% SOLD
49 STX —% -$156M -658,867 -100.0% SOLD
50 UPST —% -$139M -2,731,974 -100.0% SOLD
51 STNE —% -$71M -3,778,541 -100.0% SOLD
52 RUN —% -$47M -2,733,850 -100.0% SOLD
53 DOW —% -$57M -2,465,500 -100.0% SOLD
54 GE —% -$77M -256,792 -100.0% SOLD
55 SNDK —% -$302M -2,693,657 -100.0% SOLD
56 UWMC —% -$28M -4,654,000 -100.0% SOLD
57 SBSW —% -$22M -1,919,000 -100.0% SOLD
58 LYB —% -$55M -1,126,800 -100.0% SOLD
59 TEVA —% -$160M -7,927,998 -100.0% SOLD

New Positions

SymbolValue% Port
ON $568M 8.26%
FCX $262M 3.81%
HUM $244M 3.55%
KNX $224M 3.26%
Q $157M 2.28%
STM $137M 1.99%
FIGR $76M 1.10%
NKE $70M 1.03%
AMBA $58M 0.84%
FI $49M 0.71%
NVTS $21M 0.30%
LULU $18M 0.27%
CSX $17M 0.25%
KRE $8M 0.12%

Sold Out Positions

SymbolValue% Port
TEVA —%
LYB —%
GE —%
DOW —%
LEN —%
UWMC —%
SNDK —%
STNE —%
RUN —%
UPST —%
WBD —%
STX —%
SNAP —%
SBSW —%
View SEC EDGAR Filings for Slate Path Capital LP →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms