Latest Slate Path Capital LP Stock Portfolio

Slate Path Capital LP Performance:

2025 Q4: 5.19%YTD: 45.73%2024: 18.71%

Performance for 2025 Q4 is 5.19%, and YTD is 45.73%, and 2024 is 18.71%.

About Slate Path Capital LP and 13F Hedge Fund Stock Holdings

On 2026-02-17, the fund reported it's updated stock portfolio. In the 13F Holdings report, Slate Path Capital LP reported an equity portfolio of $7.4 Billions as of 31 Dec, 2025.

The top stock holdings of Slate Path Capital LP are HPE, ON, RKT. The fund has invested 7.9% of it's portfolio in HEWLETT PACKARD ENTERPRISE C and 7.7% of portfolio in ON SEMICONDUCTOR CORP.

The fund managers got completely rid off SANDISK CORP, WARNER BROS DISCOVERY INC (WBD) and TEVA PHARMACEUTICAL INDS LTD (TEVA) stocks. They significantly reduced their stock positions in BARRICK MNG CORP, NEWMONT CORP (NEM) and WESTERN DIGITAL CORP (WDC). Slate Path Capital LP opened new stock positions in ON SEMICONDUCTOR CORP (ON), FREEPORT-MCMORAN INC (FCX) and HUMANA INC (HUM). The fund showed a lot of confidence in some stocks as they added substantially to TWILIO INC (TWLO), GLOBALFOUNDRIES INC (GFS) and JAMES HARDIE INDS PLC.

Slate Path Capital LP Annual Return Estimates Vs S&P 500

Our best estimate is that Slate Path Capital LP made a return of 5.19% in the last quarter. In trailing 12 months, it's portfolio return was 45.73%.

Performance
S&P 500

New Buys

Ticker	$ Bought
on semiconductor corp	567,503,000
freeport-mcmoran inc	261,822,000
humana inc	244,092,000
knight-swift transn hldgs in	224,056,000
qnity electronics inc	156,507,000
stmicroelectronics n v	136,976,000
figure technology solutio	75,713,300
nike inc	70,488,700

New stocks bought by Slate Path Capital LP

Additions

Ticker	% Inc.
twilio inc	243
globalfoundries inc	174
james hardie inds plc	135
gitlab inc	89.34
rocket cos inc	86.22
delta air lines inc del	68.74
united airls hldgs inc	63.18
hewlett packard enterprise c	39.33

Additions to existing portfolio by Slate Path Capital LP

Reductions

Ticker	% Reduced
barrick mng corp	-89.66
newmont corp	-88.82
western digital corp	-77.31
pan amern silver corp	-58.24
union pac corp	-54.02
new york times co	-49.69
arrowhead pharmaceuticals in	-49.35
whirlpool corp	-47.75

Slate Path Capital LP reduced stake in above stock

Sold off

Ticker	$ Sold
warner bros discovery inc	-230,546,000
teva pharmaceutical inds ltd	-160,146,000
snap inc	-51,704,800
uwm holdings corporation	-28,342,900
stoneco ltd	-71,452,200
sunrun inc	-47,268,300
upstart hldgs inc	-138,784,000
sandisk corp	-302,228,000

Slate Path Capital LP got rid off the above stocks

Sector Distribution

Slate Path Capital LP has about 26.5% of it's holdings in Technology sector.

Sector	%
Technology	26.5
Others	23
Industrials	13.1
Basic Materials	11.4
Financial Services	7.5
Energy	6.9
Healthcare	5.6
Communication Services	3.1
Consumer Cyclical	3

Market Cap. Distribution

Slate Path Capital LP has about 53.8% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	53.8
UNALLOCATED	23
MID-CAP	20.3
SMALL-CAP	2.9

Stocks belong to which Index?

About 48.9% of the stocks held by Slate Path Capital LP either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	51.1
S&P 500	45.5
RUSSELL 2000	3.4

Top 5 Winners (%)		%
ARWR	arrowhead pharmaceuticals in	69.7 %
AAL	american airls group inc	34.7 %
NOK	nokia corp	33.0 %
WDC	western digital corp	26.7 %
PAAS	pan amern silver corp	23.9 %

Top 5 Winners ($)		$
ARWR	arrowhead pharmaceuticals in	119.7 M
NOK	nokia corp	58.6 M
WDC	western digital corp	45.4 M
NUE	nucor corp	44.3 M
TWLO	twilio inc	42.5 M

Top 5 Losers (%)		%
CARA	tvardi therapeutics inc	-89.0 %
AUR	aurora innovation inc	-61.2 %
COIN	coinbase global inc	-29.2 %
	paramount skydance corp	-27.1 %
OUST	ouster inc	-20.0 %

Top 5 Losers ($)		$
GTLB	gitlab inc	-34.5 M
COIN	coinbase global inc	-32.2 M
	paramount skydance corp	-30.4 M
CARA	tvardi therapeutics inc	-24.4 M
IP	international paper co	-18.9 M

Slate Path Capital LP Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Slate Path Capital LP

Slate Path Capital LP has 51 stocks in it's portfolio. About 50.5% of the portfolio is in top 10 stocks. GTLB proved to be the most loss making stock for the portfolio. ARWR was the most profitable stock for Slate Path Capital LP last quarter.

Last Reported on: 17 Feb, 2026

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAL	american airls group inc	1.87	9,034,390	138,497,000	reduced	-9.49

AER	aercap holdings nv	1.82	938,144	134,868,000	reduced	-8.17

AMBA	ambarella inc	0.78	814,400	57,692,100	new

ARWR	arrowhead pharmaceuticals in	2.26	2,523,500	167,535,000	reduced	-49.35

AUR	aurora innovation inc	0.00	437,500	98,481	unchanged	0.00

BIL	spdr series trust	0.11	130,003	8,425,490	new

CARA	tvardi therapeutics inc	0.04	704,118	3,027,710	unchanged	0.00

CHK	expand energy corporation	2.33	1,567,510	172,991,000	reduced	-2.98

CLF	cleveland-cliffs inc new	4.02	22,416,300	297,688,000	added	13.48

COIN	coinbase global inc	0.77	251,980	56,982,800	reduced	-22.75

CSX	csx corp	0.23	479,800	17,392,800	new

DAL	delta air lines inc del	2.74	2,927,050	203,137,000	added	68.74

DOW	dow inc	0.00	0.00	0.00	sold off	-100

EQT	eqt corp	4.53	6,272,390	336,200,000	added	5.6

FCX	freeport-mcmoran inc	3.53	5,155,000	261,822,000	new

GE	ge aerospace	0.00	0.00	0.00	sold off	-100

GFS	globalfoundries inc	2.29	4,856,000	169,572,000	added	174

GLW	corning inc	1.03	871,200	76,282,300	reduced	-14.94

GTLB	gitlab inc	3.02	5,973,800	224,197,000	added	89.34

HPE	hewlett packard enterprise c	7.90	24,396,200	585,998,000	added	39.33