Slate Path Capital portfolio
Concentrated managerInvestment firmPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 14, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Slate Path Capital reported a $7.2 bn portfolio of 40 positions to the SEC as of the end of Q2 2026. Its largest positions are UNP, U, UAL. During the quarter it opened Rivian Automotive and exited Rocket Companies and Nokia.
Sections with a free account
What changed this quarter
44 positions with a change (10 new, 12 added to, 7 trimmed, 15 sold); also, 1 entered through an IPO. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Newly listedFedEx Freight HoldingFDXF4.7% of the portfolio
It started trading this quarter: it appears in a 13F for the first time. The filing does not say whether the manager already held it before the listing, so it is not counted as a purchase.
- Hewlett Packard Enterprise−67%fewer sharesReduced8.2% → 4.9%
- Texas Instruments−81%fewer sharesReduced7.7% → 2.0%
- On Semiconductor−84%fewer sharesReduced7.2% → 1.7%
- Union Pacific+214%more sharesIncreased2.6% → 8.7%
- Rivian Automotive+5.3 ppof portfolioNew— → 5.3%
- Rocket Companies−4.6 ppof portfolioSold out4.9% → —
- Nokia−4.0 ppof portfolioSold out4.3% → —
- Qnity Electronics−4.0 ppof portfolioSold out4.3% → —
- EQT−3.4 ppof portfolioSold out3.7% → —
- Humana+135%more sharesIncreased1.2% → 5.9%
- Globalfoundries−3.1 ppof portfolioSold out3.3% → —
- Amrize−2.9 ppof portfolioSold out3.1% → —
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- Union PacificUNP8.7%
- Unity SoftwareU6.4%
- United Airlines HoldingsUAL6.3%
- HumanaHUM5.9%
- STMicroelectronicsSTM5.4%
- Rivian AutomotiveRIVN5.3%
- Hewlett Packard EnterpriseHPE4.9%
- FedEx Freight HoldingFDXF4.7%
- Delta Air LinesDAL3.9%
- NucorNUE3.9%
- Freeport-McMoRanFCX3.9%
- Cleveland-cliffsCLF3.7%
- Knight-Swift Transportation HoldingsKNX3.7%
- WolfspeedWOLF3.0%
- CSXCSX2.6%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Industrials 32%
- ● Information Technology 28%
- ● Materials 16%
- ● Consumer Discretionary 9%
- ● Health Care 6%
- ● Communication Services 3%
- ● Energy 3%
- ● Financials 2%
How its portfolio changed (8 quarters)
Q2 2026: 40
Q2 2026: 55%
Q2 2026: 47.1%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Investment firm, per its Form ADV of Jul 30, 2026 (high confidence).
The data, as reported: SLATE PATH CAPITAL LP (CRD 164751): 7.B private funds: 2 hedge (gross assets $12.0 bn); 5.D assets by client type: pooled vehicles 100% (of $12.0 bn)
The type comes from a rule applied to that data. If it looks wrong, tell us.
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