Slate Path Capital LP
Sector Allocation
- Industrials36.6%$2.6B
- Technology28.6%$2.1B
- Materials16.2%$1.2B
- Consumer Discretionary6.6%$478.0M
- Healthcare6.3%$452.9M
- Energy2.5%$182.2M
- Financials2.2%$156.9M
- Communication Services1.0%$74.1M
AUM History
13fpro.ai/research/fund/slate-path-capital-lp-1559706
Conviction and streaks
Concentrating · top 10 = 55.3%From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.
Largest positions — Q2 2026
UNP
$626.3MU
$459.4MUAL
$452.2MHUM
$429.0MSTM
$392.4MRIVN
$381.3MHPE
$351.0MFDXF
$339.3MDAL
$282.4MNUE
$280.4MFCX
$278.2MCLF
$266.8MKNX
$265.6MWOLF
$214.1MCSX
$190.6MIP
$185.2MRIG
$182.2MAPTV
$162.7MJHX
$157.6MAAL
$149.6M
Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.
13fpro.ai/research/fund/slate-path-capital-lp-1559706
Slate Path Capital LP 13F holdings — Q2 2026
$7.2B portfolio (+7.3% QoQ) · 40 holdings · Q2 2026 13F · top 10 are 55% of the stock portfolio
$626.3M
8.7% of stocks
+214%This quarter+1.1%Since filed4 qtrsHeld$459.4M
6.4% of stocks
+42%This quarter-12.8%Since filed7 qtrsHeldAIQuality37.8#2,214Est. buyEstimated buy price is Pro: unlock with a free trialAdded 2 qtrs in a row$452.2M
6.3% of stocks
+7%This quarter-19.7%Since filed9 qtrsHeld$429.0M
5.9% of stocks
+135%This quarter+7.2%Since filed3 qtrsHeld$392.4M
5.4% of stocks
-14%This quarter-16.8%Since filed3 qtrsHeld$381.3M
5.3% of stocks
NewThis quarter-25.6%Since filedNew this quarterHeld$351.0M
4.9% of stocks
-67%This quarter+0.0%Since filed10+ qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialTrimmed 2 qtrs in a row$339.3M
4.7% of stocks
NewThis quarter-27.2%Since filedNew this quarterHeld$282.4M
3.9% of stocks
+2%This quarter-11.4%Since filed9 qtrsHeldAIQualityAI quality score is Pro: unlock with a free trialEst. buyEstimated buy price is Pro: unlock with a free trialAdded 3 qtrs in a row$280.4M
3.9% of stocks
-38%This quarter-4.3%Since filed4 qtrsHeld
All holdings — Slate Path Capital LP (Q2 2026)
40 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.
| # | Company | Held | Source | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 11 | FREEPORT-MCMORAN INC | Materials | $278.2M | 3.9% | 4.42M | +28% | 3 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 12 | CLEVELAND-CLIFFS INC. | Materials | $266.8M | 3.7% | 28.41M | +48% | 10+ qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 13 | Knight-Swift Transportation Holdings Inc. | Industrials | $265.6M | 3.7% | 3.41M | -26% | 3 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 14 | WOLFSPEED, INC. | Technology | $214.1M | 3.0% | 4.44M | — | 2 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 15 | CSX CORP | Industrials | $190.6M | 2.6% | 4.01M | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 16 | INTERNATIONAL PAPER CO /NEW/ | Materials | $185.2M | 2.6% | 4.86M | +44% | 7 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 17 | Transocean Ltd. | Energy | $182.2M | 2.5% | 37.27M | +24% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 18 | Aptiv PLC | Industrials | $162.7M | 2.3% | 2.65M | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 19 | James Hardie Industries plc | Materials | $157.6M | 2.2% | 6.02M | +12% | 4 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 20 | American Airlines Group Inc. | Industrials | $149.6M | 2.1% | 8.28M | +28% | 9 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 21 | Roblox Corp | Technology | $149.3M | 2.1% | 2.75M | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 22 | TEXAS INSTRUMENTS INC | Technology | $147.7M | 2.0% | 496K | -81% | 2 qtrs | AI quality score is Pro: unlock with a free trial | 13F | |
| 23 | AKAMAI TECHNOLOGIES INC | Industrials | $141.5M | 2.0% | 1.20M | New | 1 qtr | AI quality score is Pro: unlock with a free trial | 13F | |
| 24 | Enphase Energy, Inc. | Technology | $127.4M | 1.8% | 2.59M | +184% | 2 qtrsAdded 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 25 | ON SEMICONDUCTOR CORP | Technology | $120.0M | 1.7% | 1.27M | -84% | 3 qtrsTrimmed 2 qtrs in a row | AI quality score is Pro: unlock with a free trial | 13F | |
| 26 | $KMX | CARMAX INC | Consumer Discretionary | $96.7M | 1.3% | 1.83M | New | |||
| 27 | $SKYD | Skydance Corp | Communication Services | $74.1M | 1.0% | 7.51M | — | |||
| 28 | $FIGR | Figure Technology Solutions, Inc. | Financials | $61.5M | 0.8% | 2.00M | — | |||
| 29 | $GDS | GDS Holdings Ltd | Technology | $45.1M | 0.6% | 1.50M | New | |||
| 30 | $COIN | Coinbase Global, Inc. | Financials | $38.5M | 0.5% | 263K | — | |||
| 31 | $CRCL | Circle Internet Group, Inc. | Financials | $35.5M | 0.5% | 567K | New | |||
| 32 | $SNAP | Snap Inc | Technology | $32.4M | 0.5% | 7.29M | — | |||
| 33 | $WHR | WHIRLPOOL CORP /DE/ | Technology | $26.1M | 0.4% | 662K | — | |||
| 34 | $PURR | Hyperliquid Strategies Inc | Financials | $21.4M | 0.3% | 2.72M | New | |||
| 35 | $XPO | XPO, Inc. | Industrials | $20.7M | 0.3% | 101K | — | |||
| 36 | $GEV | GE Vernova Inc. | Industrials | $15.9M | 0.2% | 14K | -88% | |||
| 37 | $UNH | UNITEDHEALTH GROUP INC | Healthcare | $11.8M | 0.2% | 28K | New | |||
| 38 | $NAMS | NewAmsterdam Pharma Co N.V. | Healthcare | $10.8M | 0.1% | 319K | — | |||
| 39 | $TVRD | Tvardi Therapeutics, Inc. | Healthcare | $1.3M | 0.0% | 704K | — | |||
| 40 | $AUR | Aurora Innovation, Inc. | Technology | $140K | 0.0% | 438K | — |
What changed in Q2 2026
Against the previous quarter's 13F: 11 new, 12 added to, 7 trimmed, 15 sold out. Share-count changes; largest moves by dollar size first.
New positions (11)
first bought this quarter
first bought this quarter
first bought this quarter
first bought this quarter
$RBLXRoblox Corp$149.3M
first bought this quarter
$AKAMAKAMAI TECHNOLOGIES INC$141.5M
first bought this quarter
+5 more in the Excel export
Added to (12)
now $626.3M · held 4 qtrs
now $429.0M · held 3 qtrs
now $459.4M · held 7 qtrs, 2 adds in a row
now $266.8M · held 10+ qtrs
$ENPHEnphase Energy, Inc.+184%
now $127.4M · held 2 qtrs, 2 adds in a row
now $278.2M · held 3 qtrs
+6 more in the Excel export
Trimmed (7)
now $351.0M · held 10+ qtrs, 2 trims in a row
$TXNTEXAS INSTRUMENTS INC-81%
now $147.7M · held 2 qtrs
$ONON SEMICONDUCTOR CORP-84%
now $120.0M · held 3 qtrs, 2 trims in a row
now $280.4M · held 4 qtrs
$GEVGE Vernova Inc.-88%
now $15.9M · held 10+ qtrs, 5 trims in a row
now $265.6M · held 3 qtrs
+1 more in the Excel export
Holdings by quarter
Every 13F Slate Path Capital LP has filed, 41 earlier quarters. Pick one to see what it held then.
Is it too late to follow Slate Path Capital?
Q2 2026 13F filed with the SEC on Aug 14, 2026. Prices are closing prices as of Oct 26, 2026.
Average quality of Slate Path Capital's top 20 holdings: 56/100 (our AI quality score, weighted by position size; 15 of the 20 are scored)
Top 10 since filing
-10.3%
Value-weighted move of the 10 largest stock positions
Turnover
40%
Last quarter; 139% over the last 4
Top 10 weight
55%
Share of the stock portfolio in its 10 largest positions
Held 4+ quarters
47%
Share of portfolio value in positions held a year or more
Highest-quality names it owns(among its 100 largest positions)
The 8 highest-scoring companies in this portfolio are a Pro feature.
How these are measured
- Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
- Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
- Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q1 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
- Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
- Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.
Portfolio Overview
Slate Path Capital LP disclosed 40 positions worth $7.2B in its Form 13F-HR for Q2 2026, led by $UNP (UNION PACIFIC CORP) at 8.7% of the equity portfolio, followed by $U and $UAL. During the quarter the fund opened 11 new positions and exited 15 — including a new stake in $RIVN and a full exit from $RKT. The portfolio is most concentrated in Industrials (36.6% of disclosed assets). All figures are sourced directly from Slate Path Capital LP’s Form 13F-HR filing with the SEC under CIK 1559706.
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