Slate Path Capital LP
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Slate Path Capital LP reported 50 stock positions worth $5.5 billion. Its top holding was Western Digital (WDC) at 7.2% of the portfolio, followed by Seagate Technology (STX, 5.4%) and Hewlett Packard Enterprise (HPE, 4.9%). Compared with Q3 2024, it opened 9 new positions, sold out of 20, added to 15 and reduced 15. The biggest buy was a new position in Eqt (EQT) and the biggest sale an exit from Walt Disney (DIS).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001559706
- Portfolio Value
- $5.5B (Q4 2024)
- SEC Filing
- 0001172661-25-000960 ↗ filed Feb 14, 2025
Holdings Value
Holdings 50 stocks · $5.5B
| WDC Western Digital Corp. | 7.22% | 6,694,403 | $399.2M | Add +4.4% |
| STX Seagate Technology Holdings | 5.37% | 3,443,706 | $297.2M | Add +11.8% |
| HPE Hewlett Packard Enterprise | 4.90% | 12,689,164 | $270.9M | Add +44.8% |
| CSCO Cisco Systems Inc. | 4.67% | 4,362,872 | $258.3M | Reduce -4.3% |
| WBD Warner Bros Discovery Inc. | 4.55% | 23,801,000 | $251.6M | Add +36.6% |
| AAL American Airlines Group Inc. | 4.52% | 14,340,994 | $250.0M | Reduce -11.2% |
| GLW Corning Inc. | 3.53% | 4,112,000 | $195.4M | No change |
| UAL United Airlines Holdings Inc. | 3.53% | 2,009,828 | $195.2M | Reduce -59.7% |
| TEVA Teva Pharmaceutical-SP ADR | 3.38% | 8,491,033 | $187.1M | Reduce -37.9% |
| CIEN Ciena Corp. | 3.34% | 2,179,600 | $184.9M | Reduce -23.7% |
| DAL Delta Air Lines Inc. | 3.25% | 2,975,145 | $180.0M | Reduce -54.1% |
| CLF Cleveland-Cliffs Inc. | 2.75% | 16,208,000 | $152.4M | Add +35.4% |
| TECK Teck Resources Ltd.-CLS B | 2.56% | 3,492,533 | $141.6M | Add +0.1% |
| AA Alcoa Corp. | 2.52% | 3,682,211 | $139.1M | Reduce -1.3% |
| SE Sea Ltd.-ADR | 2.45% | 1,279,330 | $135.7M | Reduce -30.1% |
| NOK Nokia Corp.-Spon ADR | 2.44% | 30,438,987 | $134.8M | Add +15.6% |
| AER Aercap Holdings NV | 2.41% | 1,393,000 | $133.3M | Reduce -10.5% |
| PARAA Paramount Global Class B | 2.38% | 12,586,000 | $131.6M | Add +42.3% |
| BABA Alibaba Group Holding-SP ADR | 2.25% | 1,466,100 | $124.3M | Reduce -24.0% |
| EQT Eqt Corp. | 2.23% | 2,680,000 | $123.6M | New |
| KWEB Kranesh Csi China Internet | 2.17% | 4,112,000 | $120.2M | Add +12.3% |
| EXE Expand Energy Corp. | 2.04% | 1,133,379 | $112.8M | Add +392.0% |
| GEV GE Vernova Inc. | 2.02% | 340,268 | $111.9M | Reduce -38.6% |
| NBIS Nebius Group NV | 1.88% | 3,746,000 | $103.8M | New |
| IP International Paper Co. | 1.86% | 1,910,000 | $102.8M | New |
| ARWR Arrowhead Pharmaceuticals Inc. | 1.78% | 5,232,000 | $98.4M | Add +7.1% |
| PAAS Pan American Silver Corp. | 1.72% | 4,717,000 | $95.4M | Reduce -12.5% |
| JD Jd.com Inc.-ADR | 1.68% | 2,687,500 | $93.2M | Add +9.3% |
| BEKE Ke Holdings Inc.-ADR filed as KE HLDGS INC | 1.63% | 4,902,058 | $90.3M | No change |
| GE General Electric filed as GE AEROSPACE | 1.48% | 489,300 | $81.6M | No change |
| NYT New York Times Co. Class A | 1.42% | 1,508,000 | $78.5M | No change |
| CIVI Civitas Resources Inc. | 1.29% | 1,549,935 | $71.1M | Reduce -14.4% |
| U Unity Software Inc. | 1.13% | 2,776,468 | $62.4M | New |
| GME Gamestop Corp. Class A | 1.09% | 1,926,000 | $60.4M | New |
| GDXJ Vaneck Junior Gold Miners | 1.00% | 1,294,900 | $55.4M | Reduce -12.1% |
| STNE Stoneco Ltd. Class A | 0.96% | 6,667,000 | $53.1M | No change |
| IRTC Irhythm Holdings Inc. | 0.83% | 510,500 | $46.0M | No change |
| AR Antero Resources Corp. | 0.64% | 1,012,000 | $35.5M | New |
| SKYW Skywest Inc. | 0.64% | 352,700 | $35.3M | No change |
| GRAB Grab Holdings Ltd. Class A | 0.51% | 5,949,000 | $28.1M | New |
| AL Sumisho Air Lease Corp. filed as AIR LEASE CORP | 0.34% | 387,900 | $18.7M | No change |
| LUV Southwest Airlines Co. | 0.33% | 542,000 | $18.2M | Add +401.9% |
| BIDU Baidu Inc. - Spon ADR | 0.33% | 215,100 | $18.1M | Add +17.6% |
| JBLU Jetblue Airways Corp. | 0.23% | 1,598,285 | $12.6M | Add +188.5% |
| SBSW Sibanye-Stillwater Ltd.-ADR | 0.18% | 3,079,000 | $10.2M | No change |
| SW Smurfit Westrock PLC | 0.16% | 167,000 | $9.0M | New |
| NAMS Newamsterdam Pharma Co. NV | 0.15% | 319,000 | $8.2M | New |
| CHTR Charter Communications Inc. Class A | 0.14% | 22,056 | $7.6M | No change |
| TDW Tidewater Inc. | 0.06% | 62,350 | $3.4M | Reduce -90.4% |
| LAB Standard Biotools Inc. | 0.05% | 1,615,000 | $2.8M | No change |
Other holdings (1): bonds, preferreds, convertibles and warrants · $464K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| AUROW Aurora Innovation Inc. -CW28 | *W EXP 11/03/202 | 437,500 | $464K | No change |
Total filed on the 13F, all lines: $5.5B.
Portfolio Sells Q3 2024 → Q4 2024
| DIS The Walt Disney Co. | Sold out | 0.00% | −3.14 |
| DAL Delta Air Lines Inc. | Reduce -54.1% | 3.25% | −2.27 |
| RIG Transocean Ltd. | Sold out | 0.00% | −1.57 |
| FYBR Frontier Communications Pare | Sold out | 0.00% | −1.37 |
| UAL United Airlines Holdings Inc. | Reduce -59.7% | 3.53% | −1.24 |
| BABA Alibaba Group Holding-SP ADR | Reduce -24.0% | 2.25% | −1.18 |
| GDX Vaneck Gold Miners ETF | Sold out | 0.00% | −1.16 |
| NEM Newmont Corp. | Sold out | 0.00% | −1.16 |
| OGN Organon & Co. | Sold out | 0.00% | −0.79 |
| TEVA Teva Pharmaceutical-SP ADR | Reduce -37.9% | 3.38% | −0.74 |
| TDW Tidewater Inc. | Reduce -90.4% | 0.06% | −0.72 |
| TSLA Tesla Inc. | Sold out | 0.00% | −0.64 |
| VAL Valaris Ltd. | Sold out | 0.00% | −0.63 |
| NOV Nov Inc. | Sold out | 0.00% | −0.44 |
| SE Sea Ltd.-ADR | Reduce -30.1% | 2.45% | −0.44 |
| SDRL Seadrill Limited | Sold out | 0.00% | −0.37 |
| GEV GE Vernova Inc. | Reduce -38.6% | 2.02% | −0.34 |
| X United States Steel Corp. | Sold out | 0.00% | −0.32 |
| CIVI Civitas Resources Inc. | Reduce -14.4% | 1.29% | −0.25 |
| GDXJ Vaneck Junior Gold Miners | Reduce -12.1% | 1.00% | −0.20 |
| CENX Century Aluminum Company | Sold out | 0.00% | −0.16 |
| PAAS Pan American Silver Corp. | Reduce -12.5% | 1.72% | −0.16 |
| WBA Walgreens Boots Alliance Inc. | Sold out | 0.00% | −0.16 |
| IVVD Invivyd Inc. | Sold out | 0.00% | −0.06 |
| AER Aercap Holdings NV | Reduce -10.5% | 2.41% | −0.06 |
| TAL Tal Education Group- ADR | Sold out | 0.00% | −0.04 |
| LVS Las Vegas Sands Corp. | Sold out | 0.00% | −0.04 |
| YUMC Yum China Holdings Inc. | Sold out | 0.00% | −0.04 |
| CUE Cue Biopharma Inc. | Sold out | 0.00% | −0.03 |
| PLG Platinum Group Metals Ltd. | Sold out | 0.00% | −0.02 |
| CYCLERION THERAPEUTICS INC | Sold out | 0.00% | −0.02 |
| AA Alcoa Corp. | Reduce -1.3% | 2.52% | +0.10 |
| CIEN Ciena Corp. | Reduce -23.7% | 3.34% | +0.39 |
| CSCO Cisco Systems Inc. | Reduce -4.3% | 4.67% | +0.60 |
| AAL American Airlines Group Inc. | Reduce -11.2% | 4.52% | +1.48 |
Portfolio Buys Q3 2024 → Q4 2024
| EQT Eqt Corp. | New | 2.23% | +2.23 |
| WBD Warner Bros Discovery Inc. | Add +36.6% | 4.55% | +2.14 |
| HPE Hewlett Packard Enterprise | Add +44.8% | 4.90% | +1.89 |
| NBIS Nebius Group NV | New | 1.88% | +1.88 |
| IP International Paper Co. | New | 1.86% | +1.86 |
| EXE Expand Energy Corp. | Add +392.0% | 2.04% | +1.72 |
| U Unity Software Inc. | New | 1.13% | +1.13 |
| GME Gamestop Corp. Class A | New | 1.09% | +1.09 |
| PARAA Paramount Global Class B | Add +42.3% | 2.38% | +0.81 |
| AR Antero Resources Corp. | New | 0.64% | +0.64 |
| NOK Nokia Corp.-Spon ADR | Add +15.6% | 2.44% | +0.51 |
| GRAB Grab Holdings Ltd. Class A | New | 0.51% | +0.51 |
| LUV Southwest Airlines Co. | Add +401.9% | 0.33% | +0.28 |
| CLF Cleveland-Cliffs Inc. | Add +35.4% | 2.75% | +0.19 |
| ARWR Arrowhead Pharmaceuticals Inc. | Add +7.1% | 1.78% | +0.19 |
| JBLU Jetblue Airways Corp. | Add +188.5% | 0.23% | +0.17 |
| SW Smurfit Westrock PLC | New | 0.16% | +0.16 |
| NAMS Newamsterdam Pharma Co. NV | New | 0.15% | +0.15 |
| KWEB Kranesh Csi China Internet | Add +12.3% | 2.17% | +0.09 |
| JD Jd.com Inc.-ADR | Add +9.3% | 1.68% | +0.04 |
| BIDU Baidu Inc. - Spon ADR | Add +17.6% | 0.33% | +0.01 |
| WDC Western Digital Corp. | Add +4.4% | 7.22% | −0.12 |
| STX Seagate Technology Holdings | Add +11.8% | 5.37% | −0.28 |
| TECK Teck Resources Ltd.-CLS B | Add +0.1% | 2.56% | −0.49 |
Options Activity Q3 2024 → Q4 2024
| STX Seagate Technology Holdings | call | Sold out | 1,491,100 | $163.3Mbefore exit |
| WDC Western Digital Corp. | call | Sold out | 2,327,600 | $159.0Mbefore exit |
| KMI Kinder Morgan Inc. | call | Sold out | 4,808,500 | $106.2Mbefore exit |
| UAL United Airlines Holdings Inc. | call | Sold out | 747,800 | $42.7Mbefore exit |
| CSCO Cisco Systems Inc. | call | Sold out | 782,500 | $41.6Mbefore exit |
| AAL American Airlines Group Inc. | call | Sold out | 1,200,000 | $13.5Mbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings 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 |