Q4 2025 · 13F-HR
Slate Path Capital LPholdings as filed
Filed 2026-02-17 · accession 0001172661-26-000952
$7.41B
Reported value
51
Positions
2025-12-31
Period end
The Brief · Slate Path Capital LP · Q4 2025
AI · grounded in 13F
Slate Path Capital LP closed its position in SNDK for a reduction of $302.2M. The fund established new positions in ON for $567.5M, FCX for $261.8M, and HUM for $244.1M. Other notable exits included closing positions in WBD and TEVA.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 42824C109 | HPE | HEWLETT PACKARD ENTERPRISE C | $586.0M | 7.90% | 24,396,242 | Common | SOLE |
| 682189105 | ON | ON SEMICONDUCTOR CORP | $567.5M | 7.65% | 10,480,200 | Common | SOLE |
| 77311W101 | RKT | ROCKET COS INC | $497.3M | 6.71% | 25,689,300 | Common | SOLE |
| 91332U101 | U | UNITY SOFTWARE INC | $362.2M | 4.89% | 8,200,752 | Common | SOLE |
| 26884L109 | EQT | EQT CORP | $336.2M | 4.53% | 6,272,388 | Common | SOLE |
| H2927K103 | AMRZ | AMRIZE LTD | $316.9M | 4.27% | 5,859,119 | Common | SOLE |
| 185899101 | CLF | CLEVELAND-CLIFFS INC NEW | $297.7M | 4.01% | 22,416,281 | Common | SOLE |
| 670346105 | NUE | NUCOR CORP | $271.4M | 3.66% | 1,664,170 | Common | SOLE |
| 35671D857 | FCX | FREEPORT-MCMORAN INC | $261.8M | 3.53% | 5,155,000 | Common | SOLE |
| 444859102 | HUM | HUMANA INC | $244.1M | 3.29% | 953,000 | Common | SOLE |
| 37637K108 | GTLB | GITLAB INC | $224.2M | 3.02% | 5,973,800 | Common | SOLE |
| 499049104 | KNX | KNIGHT-SWIFT TRANSN HLDGS IN | $224.1M | 3.02% | 4,285,700 | Common | SOLE |
| 90138F102 | TWLO | TWILIO INC | $222.3M | 3.00% | 1,562,600 | Common | SOLE |
| 654902204 | NOK | NOKIA CORP | $218.0M | 2.94% | 33,686,602 | Common | SOLE |
| 910047109 | UAL | UNITED AIRLS HLDGS INC | $211.3M | 2.85% | 1,889,952 | Common | SOLE |
| 247361702 | DAL | DELTA AIR LINES INC DEL | $203.1M | 2.74% | 2,927,048 | Common | SOLE |
| 907818108 | UNP | UNION PAC CORP | $173.5M | 2.34% | 750,204 | Common | SOLE |
| 165167735 | EXE | EXPAND ENERGY CORPORATION | $173.0M | 2.33% | 1,567,514 | Common | SOLE |
| G39387108 | GFS | GLOBALFOUNDRIES INC | $169.6M | 2.29% | 4,856,000 | Common | SOLE |
| 04280A100 | ARWR | ARROWHEAD PHARMACEUTICALS IN | $167.5M | 2.26% | 2,523,500 | Common | SOLE |
| 74743L100 | Q | QNITY ELECTRONICS INC | $156.5M | 2.11% | 1,916,800 | Common | SOLE |
| 02376R102 | AAL | AMERICAN AIRLS GROUP INC | $138.5M | 1.87% | 9,034,394 | Common | SOLE |
| 861012102 | STM | STMICROELECTRONICS N V | $137.0M | 1.85% | 5,280,500 | Common | SOLE |
| N00985106 | AER | AERCAP HOLDINGS NV | $134.9M | 1.82% | 938,144 | Common | SOLE |
| G4253H101 | JHX | JAMES HARDIE INDS PLC | $111.3M | 1.50% | 5,364,500 | Common | SOLE |
| 460146103 | IP | INTERNATIONAL PAPER CO | $101.5M | 1.37% | 2,577,076 | Common | SOLE |
| 36828A101 | GEV | GE VERNOVA INC | $77.9M | 1.05% | 119,158 | Common | SOLE |
| 219350105 | GLW | CORNING INC | $76.3M | 1.03% | 871,200 | Common | SOLE |
| 349381103 | FIGR | FIGURE TECHNOLOGY SOLUTIO | $75.7M | 1.02% | 1,853,900 | Common | SOLE |
| 654106103 | NKE | NIKE INC | $70.5M | 0.95% | 1,106,400 | Common | SOLE |
| 697900108 | PAAS | PAN AMERN SILVER CORP | $69.1M | 0.93% | 1,334,280 | Common | SOLE |
| 69932A204 | PSKY | PARAMOUNT SKYDANCE CORP | $68.3M | 0.92% | 5,093,293 | Common | SOLE |
| G3265R107 | APTV | APTIV PLC | $68.2M | 0.92% | 896,277 | Common | SOLE |
| G037AX101 | AMBA | AMBARELLA INC | $57.7M | 0.78% | 814,400 | Common | SOLE |
| 19260Q107 | COIN | COINBASE GLOBAL INC | $57.0M | 0.77% | 251,980 | Common | SOLE |
| 958102105 | WDC | WESTERN DIGITAL CORP | $55.3M | 0.75% | 321,278 | Common | SOLE |
| 337738108 | FISV | FISERV INC | $48.9M | 0.66% | 727,400 | Common | SOLE |
| 963320106 | WHR | WHIRLPOOL CORP | $31.3M | 0.42% | 433,700 | Common | SOLE |
| 63942X106 | NVTS | NAVITAS SEMICONDUCTOR CORP | $20.6M | 0.28% | 2,880,200 | Common | SOLE |
| 86384P109 | STUB | STUBHUB HLDGS INC | $19.7M | 0.27% | 1,459,200 | Common | SOLE |
| 550021109 | LULU | LULULEMON ATHLETICA INC | $18.4M | 0.25% | 88,600 | Common | SOLE |
| 68989M202 | OUST | OUSTER INC | $17.9M | 0.24% | 829,000 | Common | SOLE |
| 126408103 | CSX | CSX CORP | $17.4M | 0.23% | 479,800 | Common | SOLE |
| 06849F108 | B | BARRICK MNG CORP | $11.5M | 0.15% | 263,552 | Common | SOLE |
| N62509109 | NAMS | NEWAMSTERDAM PHARMA COMPANY | $11.2M | 0.15% | 319,000 | Common | SOLE |
| 651639106 | NEM | NEWMONT CORP | $10.9M | 0.15% | 108,936 | Common | SOLE |
| 650111107 | NYT | NEW YORK TIMES CO | $9.7M | 0.13% | 139,039 | Common | SOLE |
| 78464A698 | KRE | SPDR SERIES TRUST | $8.4M | 0.11% | 130,003 | Common | SOLE |
| 140755307 | TVRD | TVARDI THERAPEUTICS INC | $3.0M | 0.04% | 704,118 | Common | SOLE |
| 34385P108 | LAB | STANDARD BIOTOOLS INC | $2.1M | 0.03% | 1,615,000 | Common | SOLE |
| 051774115 | AUROW | AURORA INNOVATION INC | $98,481 | 0.00% | 437,500 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.