Slate Path Capital LP
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Slate Path Capital LP reported 61 stock positions worth $6.0 billion. Its top holding was Western Digital (WDC) at 7.3% of the portfolio, followed by Seagate Technology (STX, 5.7%) and Delta Air Lines (DAL, 5.5%). Compared with Q2 2024, it opened 12 new positions, sold out of 6, added to 14 and reduced 19. The biggest buy was United Airlines (UAL, shares +220%) and the biggest sale Teva Pharmaceutical-SP ADR (TEVA, shares −32%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001559706
- Portfolio Value
- $6.0B (Q3 2024)
- SEC Filing
- 0001172661-24-004978 ↗ filed Nov 14, 2024
Holdings Value
Holdings 61 stocks · $6.0B
| WDC Western Digital Corp. | 7.34% | 6,412,703 | $437.9M | Add +68.7% |
| STX Seagate Technology Holdings | 5.66% | 3,080,673 | $337.4M | Reduce -1.0% |
| DAL Delta Air Lines Inc. | 5.52% | 6,487,000 | $329.5M | Add +57.6% |
| UAL United Airlines Holdings Inc. | 4.77% | 4,985,032 | $284.4M | Add +220.0% |
| TEVA Teva Pharmaceutical-SP ADR | 4.13% | 13,668,233 | $246.3M | Reduce -32.3% |
| CSCO Cisco Systems Inc. | 4.07% | 4,559,172 | $242.6M | Add +17.5% |
| BABA Alibaba Group Holding-SP ADR | 3.43% | 1,929,300 | $204.7M | Add +65.4% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 3.14% | 1,949,900 | $187.6M | New |
| GLW Corning Inc. | 3.11% | 4,112,000 | $185.7M | New |
| TECK Teck Resources Ltd.-CLS B | 3.05% | 3,487,853 | $182.2M | Reduce -11.7% |
| AAL American Airlines Group Inc. | 3.04% | 16,152,994 | $181.6M | Add +78.4% |
| HPE Hewlett Packard Enterprise | 3.01% | 8,765,125 | $179.3M | Reduce -28.8% |
| CIEN Ciena Corp. | 2.95% | 2,855,400 | $175.9M | New |
| SE Sea Ltd.-ADR | 2.89% | 1,829,900 | $172.5M | Reduce -35.8% |
| CLF Cleveland-Cliffs Inc. | 2.56% | 11,969,000 | $152.8M | Add +43.4% |
| AER Aercap Holdings NV | 2.47% | 1,556,000 | $147.4M | Reduce -22.1% |
| AA Alcoa Corp. | 2.41% | 3,731,141 | $143.9M | No change |
| WBD Warner Bros Discovery Inc. | 2.41% | 17,420,000 | $143.7M | New |
| GEV GE Vernova Inc. | 2.37% | 554,268 | $141.3M | Reduce -31.6% |
| KWEB Kranesh Csi China Internet | 2.09% | 3,662,037 | $124.6M | Reduce -27.0% |
| NOK Nokia Corp.-Spon ADR | 1.93% | 26,325,103 | $115.0M | Add +175.4% |
| PAAS Pan American Silver Corp. | 1.89% | 5,393,000 | $112.6M | Add +2.6% |
| JD Jd.com Inc.-ADR | 1.65% | 2,458,000 | $98.3M | Add +81.8% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 1.64% | 4,902,058 | $97.6M | No change |
| ARWR Arrowhead Pharmaceuticals Inc. | 1.59% | 4,885,000 | $94.6M | Add +18.0% |
| PARAA Paramount Global Class B | 1.57% | 8,845,000 | $93.9M | New |
| RIG Transocean Ltd. | 1.57% | 22,018,550 | $93.6M | Reduce -29.0% |
| GE General Electric filed as GE AEROSPACE | 1.55% | 489,300 | $92.3M | Reduce -9.0% |
| CIVI Civitas Resources Inc. | 1.54% | 1,809,935 | $91.7M | No change |
| NYT New York Times Co. Class A | 1.41% | 1,508,000 | $84.0M | No change |
| FYBR Frontier Communications Pare | 1.37% | 2,299,679 | $81.7M | No change |
| STNE Stoneco Ltd. Class A | 1.26% | 6,667,000 | $75.1M | Reduce -8.5% |
| GDXJ Vaneck Junior Gold Miners | 1.21% | 1,473,000 | $71.9M | Reduce -25.0% |
| GDX Vaneck Gold Miners ETF | 1.16% | 1,737,000 | $69.2M | Reduce -53.7% |
| NEM Newmont Corp. | 1.16% | 1,293,504 | $69.1M | Reduce -17.6% |
| OGN Organon & Co. | 0.79% | 2,463,963 | $47.1M | Reduce -54.3% |
| TDW Tidewater Inc. | 0.78% | 647,000 | $46.4M | No change |
| TSLA Tesla Inc. | 0.64% | 146,600 | $38.4M | Add +8.3% |
| IRTC Irhythm Holdings Inc. | 0.64% | 510,500 | $37.9M | No change |
| VAL Valaris Ltd. | 0.63% | 677,000 | $37.7M | Reduce -23.2% |
| SKYW Skywest Inc. | 0.50% | 352,700 | $30.0M | Add +134.8% |
| NOV Nov Inc. | 0.44% | 1,655,134 | $26.4M | Reduce -41.9% |
| SDRL Seadrill Limited | 0.37% | 558,700 | $22.2M | No change |
| BIDU Baidu Inc. - Spon ADR | 0.32% | 182,900 | $19.3M | No change |
| EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP | 0.32% | 230,379 | $18.9M | New |
| X United States Steel Corp. | 0.32% | 533,000 | $18.8M | Reduce -58.2% |
| AL Sumisho Air Lease Corp. filed as AIR LEASE CORP | 0.29% | 387,900 | $17.6M | Add +6.7% |
| SBSW Sibanye-Stillwater Ltd.-ADR | 0.21% | 3,079,000 | $12.7M | No change |
| CENX Century Aluminum Company | 0.16% | 598,000 | $9.7M | No change |
| WBA Walgreens Boots Alliance Inc. | 0.16% | 1,062,000 | $9.5M | New |
| CHTR Charter Communications Inc. Class A | 0.12% | 22,056 | $7.1M | Reduce -90.8% |
| IVVD Invivyd Inc. | 0.06% | 3,735,000 | $3.8M | No change |
| JBLU Jetblue Airways Corp. | 0.06% | 554,000 | $3.6M | New |
| LUV Southwest Airlines Co. | 0.05% | 108,000 | $3.2M | New |
| LAB Standard Biotools Inc. | 0.05% | 1,615,000 | $3.1M | No change |
| TAL Tal Education Group- ADR | 0.04% | 216,000 | $2.6M | New |
| LVS Las Vegas Sands Corp. | 0.04% | 46,300 | $2.3M | New |
| YUMC Yum China Holdings Inc. | 0.04% | 50,800 | $2.3M | New |
| CUE Cue Biopharma Inc. | 0.03% | 2,402,455 | $1.8M | No change |
| PLG Platinum Group Metals Ltd. | 0.02% | 900,000 | $1.3M | No change |
| CYCLERION THERAPEUTICS INC | 0.02% | 357,880 | $927K | No change |
Options reported separately and not counted above: STX calls ($163.3M), WDC calls ($159.0M), KMI calls ($106.2M), UAL calls ($42.7M), CSCO calls ($41.6M), AAL calls ($13.5M).
Other holdings (1): bonds, preferreds, convertibles and warrants · $363K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| AUROW Aurora Innovation Inc. -CW28 | *W EXP 11/03/202 | 437,500 | $363K | No change |
Total filed on the 13F, all lines: $6.0B.
Portfolio Sells Q2 2024 → Q3 2024
| TEVA Teva Pharmaceutical-SP ADR | Reduce -32.3% | 4.13% | −2.52 |
| HPE Hewlett Packard Enterprise | Reduce -28.8% | 3.01% | −2.27 |
| RIG Transocean Ltd. | Reduce -29.0% | 1.57% | −1.79 |
| OGN Organon & Co. | Reduce -54.3% | 0.79% | −1.47 |
| GDX Vaneck Gold Miners ETF | Reduce -53.7% | 1.16% | −1.42 |
| CHTR Charter Communications Inc. Class A | Reduce -90.8% | 0.12% | −1.32 |
| AER Aercap Holdings NV | Reduce -22.1% | 2.47% | −1.30 |
| SE Sea Ltd.-ADR | Reduce -35.8% | 2.89% | −1.23 |
| B Barrick Gold Corp. | Sold out | 0.00% | −1.11 |
| TDG Transdigm Group Inc. | Sold out | 0.00% | −0.89 |
| STX Seagate Technology Holdings | Reduce -1.0% | 5.66% | −0.85 |
| TECK Teck Resources Ltd.-CLS B | Reduce -11.7% | 3.05% | −0.78 |
| VAL Valaris Ltd. | Reduce -23.2% | 0.63% | −0.70 |
| X United States Steel Corp. | Reduce -58.2% | 0.32% | −0.66 |
| KWEB Kranesh Csi China Internet | Reduce -27.0% | 2.09% | −0.66 |
| NOV Nov Inc. | Reduce -41.9% | 0.44% | −0.65 |
| STNE Stoneco Ltd. Class A | Reduce -8.5% | 1.26% | −0.51 |
| GDXJ Vaneck Junior Gold Miners | Reduce -25.0% | 1.21% | −0.47 |
| GEV GE Vernova Inc. | Reduce -31.6% | 2.37% | −0.45 |
| SPHR Sphere Entertainment Co. | Sold out | 0.00% | −0.29 |
| DLO Dlocal Ltd. | Sold out | 0.00% | −0.25 |
| RIVN Rivian Automotive Inc. Class A | Sold out | 0.00% | −0.19 |
| GE General Electric | Reduce -9.0% | 1.55% | −0.18 |
| NEM Newmont Corp. | Reduce -17.6% | 1.16% | −0.17 |
| NEXI Neximmune Inc. | Sold out | 0.00% | −0.00 |
Portfolio Buys Q2 2024 → Q3 2024
| UAL United Airlines Holdings Inc. | Add +220.0% | 4.77% | +3.23 |
| DIS The Walt Disney Co. | New | 3.14% | +3.14 |
| GLW Corning Inc. | New | 3.11% | +3.11 |
| CIEN Ciena Corp. | New | 2.95% | +2.95 |
| WBD Warner Bros Discovery Inc. | New | 2.41% | +2.41 |
| BABA Alibaba Group Holding-SP ADR | Add +65.4% | 3.43% | +1.73 |
| PARAA Paramount Global Class B | New | 1.57% | +1.57 |
| DAL Delta Air Lines Inc. | Add +57.6% | 5.52% | +1.57 |
| WDC Western Digital Corp. | Add +68.7% | 7.34% | +1.51 |
| NOK Nokia Corp.-Spon ADR | Add +175.4% | 1.93% | +1.20 |
| AAL American Airlines Group Inc. | Add +78.4% | 3.04% | +0.97 |
| JD Jd.com Inc.-ADR | Add +81.8% | 1.65% | +0.94 |
| CSCO Cisco Systems Inc. | Add +17.5% | 4.07% | +0.33 |
| EXE Expand Energy Corp. | New | 0.32% | +0.32 |
| SKYW Skywest Inc. | Add +134.8% | 0.50% | +0.25 |
| WBA Walgreens Boots Alliance Inc. | New | 0.16% | +0.16 |
| TSLA Tesla Inc. | Add +8.3% | 0.64% | +0.10 |
| JBLU Jetblue Airways Corp. | New | 0.06% | +0.06 |
| LUV Southwest Airlines Co. | New | 0.05% | +0.05 |
| TAL Tal Education Group- ADR | New | 0.04% | +0.04 |
| LVS Las Vegas Sands Corp. | New | 0.04% | +0.04 |
| YUMC Yum China Holdings Inc. | New | 0.04% | +0.04 |
| CLF Cleveland-Cliffs Inc. | Add +43.4% | 2.56% | −0.04 |
| AL Sumisho Air Lease Corp. | Add +6.7% | 0.29% | −0.06 |
| PAAS Pan American Silver Corp. | Add +2.6% | 1.89% | −0.23 |
| ARWR Arrowhead Pharmaceuticals Inc. | Add +18.0% | 1.59% | −0.59 |
Options Activity Q2 2024 → Q3 2024
| WDC Western Digital Corp. | call | Add +530.8% | 2,327,600 | $159.0M |
| UAL United Airlines Holdings Inc. | call | New | 747,800 | $42.7M |
| AAL American Airlines Group Inc. | call | New | 1,200,000 | $13.5M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2024 → Q3 2024
| HIPOW Hippo Holdings Inc. A-CW27 | *W EXP 08/02/202 | Sold out | 350,000 | $8Kbefore exit |
| BLUAW Blueriver Acquisit A -CW26 | *W EXP 01/04/202 | Sold out | 200,000 | $3Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 39 | $7.2B | UNP, U, UAL, HUM, STM |
| Q1 2026 | 43 | $6.7B | HPE, TXN, ON, NUE, RKT |
| Q4 2025 | 50 | $7.4B | HPE, ON, RKT, U, EQT |
| Q3 2025 | 50 | $6.5B | HPE, U, UNP, EQT, SNDK |
| Q2 2025 | 42 | $5.8B | U, WDC, STX, HPE, MU |
| Q1 2025 | 49 | $5.5B | U, WDC, STX, BABA, WBD |
| Q4 2024 | 50 | $5.5B | WDC, STX, HPE, CSCO, WBD |
| Q3 2024 | 61 | $6.0B | WDC, STX, DAL, UAL, TEVA |
| Q2 2024 | 55 | $4.9B | TEVA, STX, WDC, HPE, SE |
| Q1 2024 | 59 | $5.0B | TEVA, WDC, STX, GDX, TECK |