Institutional
Slate Path Capital LP
CIK 0001559706
$6.73B
Reported AUM
44
Positions
Q1 2026
Period
2026-05-15
Filed
The Brief · Slate Path Capital LP · Q1 2026
AI · grounded in 13F
Slate Path Capital LP initiated a new position in TXN valued at $518.4M. The fund also established new stakes in RIG for $199.3M and SAIA for $108.2M. On the sell side, the manager closed out positions in GTLB and ARWR, reducing exposure by $224.2M and $167.5M respectively. Additionally, the fund increased its share count in UAL by 64.7% and Q by 29.9%.
Portfolio · Q1 2026
Top holdings
QoQ vs Q4 2025
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | HPE | HEWLETT PACKARD ENTERPRISE C | $49.20 | -8.36% | 178.55% | 289.67% | $553.7M | 8.22% | −1,141,400 | −4.7% |
| 2 | TXN | TEXAS INSTRS INC | $285.06 | -6.65% | 52.30% | 72.38% | $518.4M | 7.70% | +2,670,225 | NEW |
| 3 | ON | ON SEMICONDUCTOR CORP | $117.26 | -11.05% | 133.73% | 200.20% | $482.9M | 7.17% | −2,681,400 | −25.6% |
| 4 | NUE | NUCOR CORP | $254.39 | -3.01% | 112.43% | 162.78% | $345.2M | 5.13% | +377,300 | +22.7% |
| 5 | RKT | ROCKET COS INC | $12.65 | -4.38% | -0.94% | -16.53% | $329.9M | 4.90% | −2,536,413 | −9.9% |
| 6 | NOK | NOKIA CORP | $14.38 | -13.48% | 168.77% | 163.30% | $288.1M | 4.28% | +2,152,200 | +6.4% |
| 7 | Q | QNITY ELECTRONICS INC | $142.05 | -8.24% | 49.81% | 75.51% | $287.3M | 4.27% | +572,900 | +29.9% |
| 8 | UAL | UNITED AIRLS HLDGS INC | $105.73 | 0.75% | 25.53% | 126.31% | $286.6M | 4.26% | +1,223,100 | +64.7% |
| 9 | KNX | KNIGHT-SWIFT TRANSN HLDGS IN | $78.57 | 0.00% | 78.78% | 66.87% | $265.9M | 3.95% | +332,500 | +7.8% |
| 10 | U | UNITY SOFTWARE INC | $29.17 | -2.86% | 16.08% | -72.77% | $249.0M | 3.70% | +3,149,000 | +38.4% |
| 11 | EQT | EQT CORP | $53.75 | -2.70% | -3.56% | 212.91% | $247.3M | 3.67% | −2,386,100 | −38.0% |
| 12 | GFS | GLOBALFOUNDRIES INC | $75.53 | -10.83% | 100.19% | 9.08% | $224.3M | 3.33% | +186,300 | +3.8% |
| 13 | STM | STMICROELECTRONICS N V | $70.72 | -9.75% | 151.71% | 78.48% | $211.6M | 3.14% | +844,900 | +16.0% |
| 14 | AMRZ | AMRIZE LTD | $53.58 | -1.43% | 10.41% | 5.85% | $210.2M | 3.12% | −2,106,172 | −35.9% |
| 15 | FCX | FREEPORT MCMORAN INC | $63.37 | -9.07% | 54.55% | 78.15% | $203.9M | 3.03% | −1,686,100 | −32.7% |
| 16 | RIG | TRANSOCEAN LTD | $5.95 | -4.80% | 115.58% | 64.82% | $199.3M | 2.96% | +30,062,100 | NEW |
| 17 | DAL | DELTA AIR LINES INC | $79.42 | -0.11% | 57.75% | 105.71% | $197.2M | 2.93% | +39,500 | +1.3% |
| 18 | UNP | UNION PAC CORP | $272.32 | 3.19% | 24.65% | 39.36% | $177.8M | 2.64% | −17,400 | −2.3% |
| 19 | CLF | CLEVELAND-CLIFFS INC NEW | $13.53 | -6.24% | 78.03% | -45.88% | $162.6M | 2.41% | −3,172,300 | −14.2% |
| 20 | AER | AERCAP HOLDINGS NV | $136.94 | 0.37% | 18.12% | 163.88% | $133.7M | 1.99% | +36,400 | +3.9% |
| 21 | IP | INTERNATIONAL PAPER CO | $33.61 | -0.80% | -25.62% | -23.26% | $120.7M | 1.79% | +802,600 | +31.1% |
| 22 | SAIA | SAIA INC | $466.51 | -1.04% | 85.54% | 106.42% | $108.2M | 1.61% | +308,000 | NEW |
| 23 | GEV | GE VERNOVA INC | $933.61 | -3.09% | 92.92% | 509.64% | $101.7M | 1.51% | −2,600 | −2.2% |
| 24 | JHX | JAMES HARDIE INDS PLC | $22.66 | -3.12% | -12.03% | -31.40% | $101.6M | 1.51% | — | HELD |
| 25 | TWLO | TWILIO INC | $225.99 | -4.50% | 85.65% | -39.51% | $93.5M | 1.39% | −819,790 | −52.5% |
| 26 | HUM | HUMANA INC | $350.08 | 0.08% | 54.14% | -13.78% | $79.7M | 1.18% | −493,300 | −51.8% |
| 27 | AAL | AMERICAN AIRLINES GROUP INC | $13.50 | 1.50% | 14.60% | -33.76% | $69.5M | 1.03% | −2,562,710 | −28.4% |
| 28 | WOLF | WOLFSPEED INC | $55.06 | -17.89% | 125.93% | 109.19% | $68.5M | 1.02% | +4,438,156 | NEW |
| 29 | FIGR | FIGURE TECHNOLOGY SOLUTIO | $28.49 | -9.04% | -12.34% | -28.06% | $68.0M | 1.01% | +148,200 | +8.0% |
| 30 | PSKY | PARAMOUNT SKYDANCE CORP | $10.22 | -4.31% | -12.89% | -72.01% | $67.8M | 1.01% | +2,419,491 | +47.5% |
| 31 | COIN | COINBASE GLOBAL INC | $152.40 | -7.15% | — | — | $46.0M | 0.68% | +11,399 | +4.5% |
| 32 | SEDG | SOLAREDGE TECHNOLOGIES INC | $63.17 | -13.63% | — | — | $37.6M | 0.56% | +736,700 | NEW |
| 33 | WHR | WHIRLPOOL CORP | $39.47 | -1.32% | — | — | $35.7M | 0.53% | +228,600 | +52.7% |
| 34 | ENPH | ENPHASE ENERGY INC | $56.07 | -18.01% | — | — | $34.4M | 0.51% | +909,900 | NEW |
| 35 | SNAP | SNAP INC | $5.76 | -5.11% | — | — | $33.5M | 0.50% | +7,287,400 | NEW |
| 36 | TE | T1 ENERGY INC | $9.43 | -19.13% | — | — | $27.6M | 0.41% | +6,287,300 | NEW |
| 37 | XPO | XPO INC | $218.94 | -0.15% | — | — | $19.6M | 0.29% | +100,600 | NEW |
| 38 | EXE | EXPAND ENERGY CORPORATION | $92.07 | -1.42% | — | — | $14.7M | 0.22% | −1,433,959 | −91.5% |
| 39 | NAMS | NEWAMSTERDAM PHARMA COMPANY | $31.52 | -3.52% | — | — | $10.2M | 0.15% | — | HELD |
| 40 | STUB | STUBHUB HLDGS INC | $9.29 | -0.96% | — | — | $9.1M | 0.14% | — | HELD |
| 41 | SW | SMURFIT WESTROCK PLC | $41.28 | -2.37% | — | — | $7.4M | 0.11% | +186,684 | NEW |
| 42 | TVRD | TVARDI THERAPEUTICS INC | $2.89 | -6.17% | — | — | $2.2M | 0.03% | — | HELD |
| 43 | LAB | STANDARD BIOTOOLS INC | $1.15 | -9.45% | — | — | $1.5M | 0.02% | — | HELD |
| 44 | AUROW | AURORA INNOVATION INC | $0.25 | 0.00% | — | — | $87K | 0.00% | — | HELD |
| 45 | GTLB | GITLAB INC | $31.12 | 0.91% | — | — | — | — | −5,973,800 | EXITED |
| 46 | ARWR | ARROWHEAD PHARMACEUTICALS IN | $73.09 | -2.75% | — | — | — | — | −2,523,500 | EXITED |
| 47 | GLW | CORNING INC | $177.58 | -10.18% | — | — | — | — | −871,200 | EXITED |
| 48 | NKE | NIKE INC | $42.98 | -1.47% | — | — | — | — | −1,106,400 | EXITED |
| 49 | PAAS | PAN AMERN SILVER CORP | $47.58 | -10.31% | — | — | — | — | −1,334,280 | EXITED |
| 50 | APTV | APTIV PLC | $68.60 | -5.92% | — | — | — | — | −896,277 | EXITED |
| 51 | AMBA | AMBARELLA INC | $63.52 | -11.84% | — | — | — | — | −814,400 | EXITED |
| 52 | WDC | WESTERN DIGITAL CORP | $511.72 | -11.08% | — | — | — | — | −321,278 | EXITED |
| 53 | FISV | FISERV INC | $54.43 | -3.20% | — | — | — | — | −727,400 | EXITED |
| 54 | NVTS | NAVITAS SEMICONDUCTOR CORP | $25.08 | -18.23% | — | — | — | — | −2,880,200 | EXITED |
| 55 | LULU | LULULEMON ATHLETICA INC | $114.23 | -8.56% | — | — | — | — | −88,600 | EXITED |
| 56 | OUST | OUSTER INC | $39.68 | -15.74% | — | — | — | — | −829,000 | EXITED |
| 57 | CSX | CSX CORP | $46.99 | 1.64% | — | — | — | — | −479,800 | EXITED |
| 58 | B | BARRICK MNG CORP | $39.46 | -7.78% | — | — | — | — | −263,552 | EXITED |
| 59 | NEM | NEWMONT CORP | $99.71 | -7.96% | — | — | — | — | −108,936 | EXITED |
| 60 | NYT | NEW YORK TIMES CO | $76.88 | 2.17% | — | — | — | — | −139,039 | EXITED |
| 61 | KRE | SPDR SERIES TRUST | $70.17 | 0.27% | — | — | — | — | −130,003 | EXITED |
Source: SEC EDGAR · accession 0001172661-26-002095. 13F discloses long positions only — shorts, foreign equities, and options are excluded.