Slate Path Capital LP
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| UNION PAC CORP | UNP | $626.3M | 2,302,604 | +6.03pp | 4q | +214.2%+$427.0M | |
| UNITY SOFTWARE INC | U | $459.4M | 16,075,152 | +2.66pp | 7q | +41.6%+$135.1M | |
| UNITED AIRLS HLDGS INC | UAL | $452.2M | 3,325,452 | +2.00pp | 9q | +6.8%+$28.9M | |
| HUMANA INC | HUM | $429.0M | 1,079,930 | +4.75pp | 3q | +134.9%+$246.4M | |
| STMICROELECTRONICS N V | STM | $392.4M | 5,239,714 | +2.29pp | 3q | -14.5%-$66.3M | |
| RIVIAN AUTOMOTIVE INC | RIVN | $381.3M | 21,978,400 | - | new | NEW | |
| HEWLETT PACKARD ENTERPRISE C | HPE | $351.0M | 7,781,642 | -3.36pp | 11q | -66.5%-$698.0M | |
| FEDEX FGHT HLDG CO INC | $339.3M | 2,247,200 | - | new | NEW | ||
| DELTA AIR LINES INC | DAL | $282.4M | 3,015,048 | +0.98pp | 9q | +1.6%+$4.5M | |
| NUCOR CORP | NUE | $280.4M | 1,258,770 | -1.25pp | 4q | -38.3%-$174.3M | |
| FREEPORT-MCMORAN INC | FCX | $278.2M | 4,423,300 | +0.82pp | 3q | +27.5%+$60.0M | |
| CLEVELAND-CLIFFS INC NEW | CLF | $266.8M | 28,410,081 | +1.28pp | 12q | +47.6%+$86.1M | |
| KNIGHT-SWIFT TRANSN HLDGS IN | KNX | $265.6M | 3,411,000 | -0.27pp | 3q | -26.1%-$94.0M | |
| WOLFSPEED INC | WOLF | $214.1M | 4,438,156 | +1.95pp | 2q | HELD | |
| CSX CORP | CSX | $190.6M | 4,009,200 | - | new | NEW | |
| INTERNATIONAL PAPER CO | IP | $185.2M | 4,861,976 | +0.77pp | 7q | +43.9%+$56.5M | |
| TRANSOCEAN LTD | RIG | $182.2M | 37,266,300 | -0.44pp | 2q | +24.0%+$35.2M | |
| APTIV PLC | APTV | $162.7M | 2,650,115 | - | new | NEW | |
| JAMES HARDIE INDS PLC | JHX | $157.6M | 6,021,000 | +0.67pp | 4q | +12.2%+$17.2M | |
| AMERICAN AIRLINES GROUP INC | AAL | $149.6M | 8,276,584 | +1.04pp | 9q | +27.9%+$32.6M | |
| ROBLOX CORP | RBLX | $149.3M | 2,746,300 | - | new | NEW | |
| TEXAS INSTRS INC | TXN | $147.7M | 495,521 | -5.65pp | 2q | -81.4%-$648.2M | |
| AKAMAI TECHNOLOGIES INC | AKAM | $141.5M | 1,196,800 | - | new | NEW | |
| ENPHASE ENERGY INC | ENPH | $127.4M | 2,587,170 | +1.25pp | 2q | +184.3%+$82.6M | |
| ON SEMICONDUCTOR CORP | ON | $120.0M | 1,269,323 | -5.51pp | 3q | -83.7%-$617.3M | |
| CARMAX INC | KMX | $96.7M | 1,827,700 | - | new | NEW | |
| PARAMOUNT SKYDANCE CORP | PSKY | $74.1M | 7,512,784 | +0.02pp | 4q | HELD | |
| FIGURE TECHNOLOGY SOLUTIO | FIGR | $61.5M | 2,002,100 | -0.16pp | 3q | HELD | |
| GDS HLDGS LTD | GDS | $45.1M | 1,501,100 | - | new | NEW | |
| COINBASE GLOBAL INC | COIN | $38.5M | 263,379 | -0.15pp | 5q | HELD | |
| CIRCLE INTERNET GROUP INC | CRCL | $35.5M | 567,300 | - | new | NEW | |
| SNAP INC | SNAP | $32.4M | 7,287,400 | -0.05pp | 2q | HELD | |
| WHIRLPOOL CORP | WHR | $26.1M | 662,300 | -0.17pp | 4q | HELD | |
| HYPERLIQUID STRATEGIES INC | PURR | $21.4M | 2,719,000 | - | new | NEW | |
| XPO INC | XPO | $20.7M | 100,600 | flat | 2q | HELD | |
| GE VERNOVA INC | GEV | $15.9M | 13,519 | -1.29pp | 10q | -88.4%-$121.1M | |
| UNITEDHEALTH GROUP INC | UNH | $11.8M | 28,300 | - | new | NEW | |
| NEWAMSTERDAM PHARMA COMPANY | NAMS | $10.8M | 319,000 | flat | 7q | HELD | |
| TVARDI THERAPEUTICS INC | TVRD | $1.3M | 704,118 | -0.01pp | 5q | HELD | |
| AURORA INNOVATION INC | AUROW | $140.0K | 437,500 | flat | 19q | HELD |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Transport & Logistics | $2.0B | 27.5% |
| Semiconductors & Electronics | $1.0B | 14.4% |
| Mining & Metals | $825.3M | 11.4% |
| Software & IT Services | $686.3M | 9.5% |
| Autos & Aerospace | $544.0M | 7.5% |
| Insurance | $440.7M | 6.1% |
| Computer Hardware | $351.0M | 4.9% |
| Industrials | $185.2M | 2.6% |
| Energy | $182.2M | 2.5% |
| Construction & Building | $157.6M | 2.2% |
| Banks & Lending | $156.9M | 2.2% |
| Business Services | $141.5M | 2.0% |
| Other sectors | $182.9M | 2.5% |
| Not classified | $339.3M | 4.7% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $7.2B | 40 | 11 | 12 | 7 | 15 | 55.3% | 45 |
| Q1 2026 | $6.7B | 44 | 10 | 15 | 13 | 17 | 53.6% | 45 |
| Q4 2025 | $7.4B | 51 | 15 | 11 | 19 | 15 | 50.5% | 48 |
| Q3 2025 | $6.5B | 51 | 19 | 5 | 20 | 11 | 48.2% | 45 |
| Q2 2025 | $5.8B | 43 | 7 | 6 | 18 | 14 | 50.3% | 45 |
| Q1 2025 | $5.5B | 50 | 10 | 15 | 18 | 11 | 44.0% | 45 |
| Q4 2024 | $5.5B | 51 | 9 | 14 | 15 | 21 | 45.0% | 45 |
| Q3 2024 | $6.5B | 63 | 12 | 14 | 19 | 8 | 47.1% | 45 |
| Q2 2024 | $5.3B | 59 | 12 | 11 | 13 | 15 | 48.4% | 45 |
| Q1 2024 | $5.0B | 62 | 17 | 18 | 10 | 14 | 47.4% | 45 |
| Q4 2023 | $4.5B | 59 | 18 | 11 | 15 | 9 | 46.1% | 45 |
| Q3 2023 | $3.6B | 50 | 9 | 17 | 12 | 8 | 54.1% | 45 |
| Q2 2023 | $2.7B | 49 | 9 | 6 | 13 | 3 | 50.7% | 45 |
| Q1 2023 | $2.1B | 43 | 6 | 12 | 6 | 6 | 60.6% | 45 |
| Q4 2022 | $1.9B | 43 | 6 | 15 | 4 | 12 | 66.8% | 45 |
| Q3 2022 | $1.5B | 49 | 8 | 10 | 6 | 7 | 64.3% | 45 |
| Q2 2022 | $1.6B | 48 | 7 | 5 | 7 | 2 | 58.8% | 46 |
| Q1 2022 | $2.0B | 43 | 7 | 7 | 5 | 4 | 58.8% | 46 |
| Q4 2021 | $1.9B | 40 | 8 | 7 | 6 | 8 | 64.3% | 45 |
| Q3 2021 | $2.2B | 40 | 7 | 5 | 1 | 4 | 66.7% | 46 |
| Q2 2021 | $1.8B | 37 | 11 | 4 | 7 | 10 | 74.1% | 47 |
| Q1 2021 | $1.5B | 36 | 12 | 4 | 7 | 6 | 77.4% | 47 |
| Q4 2020 | $1.8B | 30 | 13 | 1 | 7 | 9 | 86.0% | 47 |
| Q3 2020 | $1.8B | 26 | 5 | 4 | 4 | 12 | 80.3% | 47 |
| Q2 2020 | $1.7B | 33 | 14 | 3 | 8 | 7 | 78.8% | 45 |
| Q1 2020 | $1.3B | 26 | 7 | 6 | 9 | 7 | 85.4% | 45 |
| Q4 2019 | $1.9B | 26 | 4 | 5 | 3 | 6 | 81.7% | 45 |
| Q3 2019 | $1.5B | 28 | 8 | 7 | 4 | 9 | 89.9% | 45 |
| Q2 2019 | $2.2B | 29 | 11 | 6 | 5 | 2 | 86.4% | 45 |
| Q1 2019 | $1.2B | 20 | 5 | 8 | 1 | 6 | 91.6% | 45 |
| Q4 2018 | $887.2M | 21 | 0 | 0 | 0 | 0 | 91.1% | 45 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.