Slate Path Capital LP 13F holdings, Q4 2025
Holdings as of December 31, 2025 · filings on SEC EDGAR · latest filing →
Slate Path Capital LP disclosed 51 US equity positions worth $7.4bn in its Q4 2025 13F filing. The largest position was HPE at 7.9% of the reported book, followed by ON and RKT. Against the Q3 2025 filing, it opened 15 new positions, added to 11 and reduced 19 among the top 50 holdings.
What did Slate Path Capital LP own in Q4 2025? Top 50 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2025 |
|---|---|---|---|---|---|---|---|
| 1 | HPE HEWLETT PACKARD ENTERPRISE C | Technology | 7.9% | $586.0m | 24,396,242 | 39% | added |
| 2 | ON ON SEMICONDUCTOR CORP | Technology | 7.7% | $567.5m | 10,480,200 | – | new |
| 3 | RKT ROCKET COS INC | Financial Services | 6.7% | $497.3m | 25,689,300 | 86% | added |
| 4 | U UNITY SOFTWARE INC | Technology | 4.9% | $362.2m | 8,200,752 | -23% | reduced |
| 5 | EQT EQT CORP | Energy | 4.5% | $336.2m | 6,272,388 | 6% | added |
| 6 | AMRZ AMRIZE LTD | Basic Materials | 4.3% | $316.9m | 5,859,119 | -4% | reduced |
| 7 | CLF CLEVELAND-CLIFFS INC NEW | Basic Materials | 4.0% | $297.7m | 22,416,281 | 13% | added |
| 8 | NUE NUCOR CORP | Basic Materials | 3.7% | $271.4m | 1,664,170 | 8% | added |
| 9 | FCX FREEPORT-MCMORAN INC | Basic Materials | 3.5% | $261.8m | 5,155,000 | – | new |
| 10 | HUM HUMANA INC | Healthcare | 3.3% | $244.1m | 953,000 | – | new |
| 11 | GTLB GITLAB INC | Technology | 3.0% | $224.2m | 5,973,800 | 89% | added |
| 12 | KNX KNIGHT-SWIFT TRANSN HLDGS IN | Industrials | 3.0% | $224.1m | 4,285,700 | – | new |
| 13 | TWLO TWILIO INC | Technology | 3.0% | $222.3m | 1,562,600 | 244% | added |
| 14 | NOK NOKIA CORP | 2.9% | $218.0m | 33,686,602 | -9% | reduced | |
| 15 | UAL UNITED AIRLS HLDGS INC | Industrials | 2.9% | $211.3m | 1,889,952 | 63% | added |
| 16 | DAL DELTA AIR LINES INC DEL | Industrials | 2.7% | $203.1m | 2,927,048 | 69% | added |
| 17 | UNP UNION PAC CORP | Industrials | 2.3% | $173.5m | 750,204 | -54% | reduced |
| 18 | EXE EXPAND ENERGY CORPORATION | Energy | 2.3% | $173.0m | 1,567,514 | -3% | reduced |
| 19 | GFS GLOBALFOUNDRIES INC | Technology | 2.3% | $169.6m | 4,856,000 | 174% | added |
| 20 | ARWR ARROWHEAD PHARMACEUTICALS IN | Healthcare | 2.3% | $167.5m | 2,523,500 | -49% | reduced |
| 21 | Q QNITY ELECTRONICS INC | Technology | 2.1% | $156.5m | 1,916,800 | – | new |
| 22 | AAL AMERICAN AIRLS GROUP INC | Industrials | 1.9% | $138.5m | 9,034,394 | -9% | reduced |
| 23 | STM STMICROELECTRONICS N V | Technology | 1.8% | $137.0m | 5,280,500 | – | new |
| 24 | AERCAP HOLDINGS NV | 1.8% | $134.9m | 938,144 | -8% | reduced | |
| 25 | JHX JAMES HARDIE INDS PLC | 1.5% | $111.3m | 5,364,500 | 135% | added | |
| 26 | IP INTERNATIONAL PAPER CO | Consumer Cyclical | 1.4% | $101.5m | 2,577,076 | -9% | reduced |
| 27 | GEV GE VERNOVA INC | Industrials | 1.1% | $77.9m | 119,158 | -13% | reduced |
| 28 | GLW CORNING INC | Technology | 1.0% | $76.3m | 871,200 | -15% | reduced |
| 29 | FIGR FIGURE TECHNOLOGY SOLUTIO | Financial Services | 1.0% | $75.7m | 1,853,900 | – | new |
| 30 | NKE NIKE INC | Consumer Cyclical | 1.0% | $70.5m | 1,106,400 | – | new |
| 31 | PAAS PAN AMERN SILVER CORP | Basic Materials | 0.9% | $69.1m | 1,334,280 | -58% | reduced |
| 32 | PSKY PARAMOUNT SKYDANCE CORP | Communication Services | 0.9% | $68.3m | 5,093,293 | -14% | reduced |
| 33 | APTV APTIV PLC | Consumer Cyclical | 0.9% | $68.2m | 896,277 | 0% | held |
| 34 | AMBA AMBARELLA INC | Technology | 0.8% | $57.7m | 814,400 | – | new |
| 35 | COIN COINBASE GLOBAL INC | Financial Services | 0.8% | $57.0m | 251,980 | -23% | reduced |
| 36 | WDC WESTERN DIGITAL CORP | Technology | 0.7% | $55.3m | 321,278 | -77% | reduced |
| 37 | FISV FISERV INC | 0.7% | $48.9m | 727,400 | – | new | |
| 38 | WHR WHIRLPOOL CORP | Consumer Cyclical | 0.4% | $31.3m | 433,700 | -48% | reduced |
| 39 | NVTS NAVITAS SEMICONDUCTOR CORP | Technology | 0.3% | $20.6m | 2,880,200 | – | new |
| 40 | STUB STUBHUB HLDGS INC | Communication Services | 0.3% | $19.7m | 1,459,200 | – | new |
| 41 | LULU LULULEMON ATHLETICA INC | Consumer Cyclical | 0.2% | $18.4m | 88,600 | – | new |
| 42 | OUST OUSTER INC | Technology | 0.2% | $17.9m | 829,000 | 0% | held |
| 43 | CSX CSX CORP | Industrials | 0.2% | $17.4m | 479,800 | – | new |
| 44 | B BARRICK MNG CORP | Basic Materials | 0.2% | $11.5m | 263,552 | -90% | reduced |
| 45 | NEWAMSTERDAM PHARMA COMPANY | 0.2% | $11.2m | 319,000 | 0% | held | |
| 46 | NEM NEWMONT CORP | Basic Materials | 0.1% | $10.9m | 108,936 | -89% | reduced |
| 47 | NYT NEW YORK TIMES CO | Communication Services | 0.1% | $9.7m | 139,039 | -50% | reduced |
| 48 | KRE SPDR SERIES TRUST | 0.1% | $8.4m | 130,003 | – | new | |
| 49 | TVRD TVARDI THERAPEUTICS INC | 0.0% | $3.0m | 704,118 | 0% | held | |
| 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.