Slate Path Capital LP 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Slate Path Capital LP disclosed 51 US equity positions worth $6.5bn in its Q3 2025 13F filing. The largest position was HPE at 6.7% of the reported book, followed by U and UNP. Against the Q2 2025 filing, it opened 19 new positions, added to 5 and reduced 20 among the top 50 holdings.
What did Slate Path Capital LP own in Q3 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | HPE HEWLETT PACKARD ENTERPRISE C | Technology | 6.7% | $430.0m | 17,509,142 | 10% | added |
| 2 | U UNITY SOFTWARE INC | Technology | 6.6% | $428.1m | 10,690,852 | -47% | reduced |
| 3 | UNP UNION PAC CORP | Industrials | 6.0% | $385.7m | 1,631,600 | – | new |
| 4 | EQT EQT CORP | Energy | 5.0% | $323.3m | 5,939,588 | 138% | added |
| 5 | SNDK SANDISK CORP | Technology | 4.7% | $302.2m | 2,693,657 | -43% | reduced |
| 6 | AMRZ AMRIZE LTD | Basic Materials | 4.6% | $297.1m | 6,122,319 | – | new |
| 7 | RKT ROCKET COS INC | Financial Services | 4.1% | $267.3m | 13,795,000 | – | new |
| 8 | CLF CLEVELAND-CLIFFS INC NEW | Basic Materials | 3.7% | $241.0m | 19,753,245 | 26% | added |
| 9 | WBD WARNER BROS DISCOVERY INC | Communication Services | 3.6% | $230.5m | 11,804,700 | -45% | reduced |
| 10 | NUE NUCOR CORP | Basic Materials | 3.2% | $208.2m | 1,537,300 | – | new |
| 11 | NOK NOKIA CORP | 2.7% | $177.4m | 36,887,202 | -4% | reduced | |
| 12 | ARWR ARROWHEAD PHARMACEUTICALS IN | Healthcare | 2.7% | $171.8m | 4,982,000 | -5% | reduced |
| 13 | EXE EXPAND ENERGY CORPORATION | Energy | 2.7% | $171.7m | 1,615,714 | 45% | added |
| 14 | WDC WESTERN DIGITAL CORP | Technology | 2.6% | $170.0m | 1,416,237 | -77% | reduced |
| 15 | TEVA TEVA PHARMACEUTICAL INDS LTD | Healthcare | 2.5% | $160.1m | 7,927,998 | -4% | reduced |
| 16 | STX SEAGATE TECHNOLOGY HLDNGS PL | Technology | 2.4% | $155.5m | 658,867 | -72% | reduced |
| 17 | GTLB GITLAB INC | Technology | 2.2% | $142.2m | 3,155,000 | – | new |
| 18 | UPST UPSTART HLDGS INC | Financial Services | 2.1% | $138.8m | 2,731,974 | – | new |
| 19 | IP INTERNATIONAL PAPER CO | Consumer Cyclical | 2.0% | $130.7m | 2,817,750 | 0% | held |
| 20 | PAAS PAN AMERN SILVER CORP | Basic Materials | 1.9% | $123.7m | 3,194,800 | -32% | reduced |
| 21 | AERCAP HOLDINGS NV | 1.9% | $123.6m | 1,021,644 | -8% | reduced | |
| 22 | AAL AMERICAN AIRLS GROUP INC | Industrials | 1.7% | $112.2m | 9,981,794 | 41% | added |
| 23 | PSKY PARAMOUNT SKYDANCE CORP | Communication Services | 1.7% | $112.1m | 5,925,693 | – | new |
| 24 | UAL UNITED AIRLS HLDGS INC | Industrials | 1.7% | $111.8m | 1,158,172 | 0% | held |
| 25 | COIN COINBASE GLOBAL INC | Financial Services | 1.7% | $110.1m | 326,180 | -22% | reduced |
| 26 | DAL DELTA AIR LINES INC DEL | Industrials | 1.5% | $98.4m | 1,734,648 | -2% | reduced |
| 27 | GEV GE VERNOVA INC | Industrials | 1.3% | $84.5m | 137,358 | -39% | reduced |
| 28 | GLW CORNING INC | Technology | 1.3% | $84.0m | 1,024,200 | -64% | reduced |
| 29 | B BARRICK MNG CORP | Basic Materials | 1.3% | $83.6m | 2,549,834 | -65% | reduced |
| 30 | NEM NEWMONT CORP | Basic Materials | 1.3% | $82.1m | 974,212 | -65% | reduced |
| 31 | GE GE AEROSPACE | Industrials | 1.2% | $77.2m | 256,792 | -39% | reduced |
| 32 | APTV APTIV PLC | Consumer Cyclical | 1.2% | $77.1m | 894,000 | – | new |
| 33 | STNE STONECO LTD | Technology | 1.1% | $71.5m | 3,778,541 | -10% | reduced |
| 34 | WHR WHIRLPOOL CORP | Consumer Cyclical | 1.0% | $65.2m | 830,000 | – | new |
| 35 | GFS GLOBALFOUNDRIES INC | Technology | 1.0% | $63.4m | 1,769,100 | – | new |
| 36 | DOW DOW INC | Basic Materials | 0.9% | $56.5m | 2,465,500 | – | new |
| 37 | LYONDELLBASELL INDUSTRIES N | 0.9% | $55.3m | 1,126,800 | – | new | |
| 38 | SNAP SNAP INC | Communication Services | 0.8% | $51.7m | 6,706,200 | – | new |
| 39 | RUN SUNRUN INC | Technology | 0.7% | $47.3m | 2,733,850 | – | new |
| 40 | TWLO TWILIO INC | Technology | 0.7% | $45.5m | 454,900 | – | new |
| 41 | JHX JAMES HARDIE INDS PLC | 0.7% | $43.8m | 2,281,066 | – | new | |
| 42 | UWMC UWM HOLDINGS CORPORATION | Financial Services | 0.4% | $28.3m | 4,654,000 | – | new |
| 43 | TVRD TVARDI THERAPEUTICS INC | 0.4% | $27.4m | 704,118 | 0% | held | |
| 44 | OUST OUSTER INC | Technology | 0.3% | $22.4m | 829,000 | – | new |
| 45 | SBSW SIBANYE STILLWATER LTD | Basic Materials | 0.3% | $21.6m | 1,919,000 | 0% | held |
| 46 | NYT NEW YORK TIMES CO | Communication Services | 0.2% | $15.9m | 276,339 | -20% | reduced |
| 47 | LEN LENNAR CORP | Consumer Cyclical | 0.2% | $15.6m | 124,102 | – | new |
| 48 | NEWAMSTERDAM PHARMA COMPANY | 0.1% | $9.1m | 319,000 | 0% | held | |
| 49 | SW SMURFIT WESTROCK PLC | Consumer Cyclical | 0.1% | $8.0m | 187,000 | -27% | reduced |
| 50 | LAB STANDARD BIOTOOLS INC | Healthcare | 0.0% | $2.1m | 1,615,000 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.