Slate Path Capital LP

NEW YORK, NY · CIK 0001559706

Portfolio Value: $7.41B

Positions: 51

Period: 2025-12-31

Filed: 2026-02-17

Portfolio Value

$7.41B

Positions

New

Increased

Decreased

Sold Out

263

Slate Path Capital LP Q4 2025 13F Filing Summary

Slate Path Capital LP (NEW YORK, NY) reported a portfolio value of $7.41B across 51 positions in their Q4 2025 SEC 13F filing (period ending 2025-12-31). Top holdings include HPE ($586.00M), ON ($567.50M), BEKE ($497.34M). The top 10 positions account for 50.5% of the portfolio. This quarter saw 12 new positions, 15 increases, 19 reductions, 263 complete exits. Notable new buys: ON ($567.50M), HUM ($244.09M), NODK ($224.06M). Notable exits: WBD, TEVA, SNAP.

All Holdings

#	Stock	CUSIP	Value↓	Shares	Weight	Change
1	HPEHEWLETT PACKARD ENTERPRISE C COM	42824C109	$586.00M	24,396,242	7.90%	+39.3%
2	ONON SEMICONDUCTOR CORP COM	682189105	$567.50M	10,480,200	7.65%	New
3	BEKEROCKET COS INC COM CL A	77311W101	$497.34M	25,689,300	6.71%	+86.2%
4	UUNITY SOFTWARE INC COM	91332U101	$362.23M	8,200,752	4.89%	-23.3%
5	EQTEQT CORP COM	26884L109	$336.20M	6,272,388	4.53%	+5.6%
6	AMRZAMRIZE LTD SHS	H2927K103	$316.86M	5,859,119	4.27%	-4.3%
7	CLFCLEVELAND-CLIFFS INC NEW COM	185899101	$297.69M	22,416,281	4.01%	+13.5%
8	NUENUCOR CORP COM	670346105	$271.44M	1,664,170	3.66%	+8.3%
9	FCXFREEPORT-MCMORAN INC CL B	35671D857	$261.82M	5,155,000	3.53%	+0.0%
10	HUMHUMANA INC COM	444859102	$244.09M	953,000	3.29%	New
11	GTLBGITLAB INC CLASS A COM	37637K108	$224.20M	5,973,800	3.02%	+89.3%
12	NODKKNIGHT-SWIFT TRANSN HLDGS IN CL A	499049104	$224.06M	4,285,700	3.02%	New
13	TWLOTWILIO INC CL A	90138F102	$222.26M	1,562,600	3.00%	+243.5%
14	NOKNOKIA CORP SPONSORED ADR	654902204	$217.95M	33,686,602	2.94%	-8.7%
15	UNTCUNITED AIRLS HLDGS INC COM	910047109	$211.33M	1,889,952	2.85%	+63.2%
16	DALDELTA AIR LINES INC DEL COM NEW	247361702	$203.14M	2,927,048	2.74%	+68.7%
17	UNPUNION PAC CORP COM	907818108	$173.54M	750,204	2.34%	-54.0%
18	SAPEXPAND ENERGY CORPORATION COM	165167735	$172.99M	1,567,514	2.33%	-3.0%
19	GFSGLOBALFOUNDRIES INC ORDINARY SHARES	G39387108	$169.57M	4,856,000	2.29%	+174.5%
20	ARWRARROWHEAD PHARMACEUTICALS IN COM	04280A100	$167.54M	2,523,500	2.26%	-49.3%
21	QQNITY ELECTRONICS INC COMMON STOCK	74743L100	$156.51M	1,916,800	2.11%	New
22	AIGAMERICAN AIRLS GROUP INC COM	02376R102	$138.50M	9,034,394	1.87%	-9.5%
23	STMSTMICROELECTRONICS N V NY REGISTRY	861012102	$136.98M	5,280,500	1.85%	New
24	AERAERCAP HOLDINGS NV SHS	N00985106	$134.87M	938,144	1.82%	-8.2%
25	JAMES HARDIE INDS PLC ORD SHS	G4253H101	$111.31M	5,364,500	1.50%	+135.2%
26	IPINTERNATIONAL PAPER CO COM	460146103	$101.51M	2,577,076	1.37%	-8.5%
27	GEVGE VERNOVA INC COM	36828A101	$77.88M	119,158	1.05%	-13.3%
28	GLWCORNING INC COM	219350105	$76.28M	871,200	1.03%	-14.9%
29	FIGRFIGURE TECHNOLOGY SOLUTIO COM CL A	349381103	$75.71M	1,853,900	1.02%	New
30	NKENIKE INC CL B	654106103	$70.49M	1,106,400	0.95%	+0.0%
31	PAASPAN AMERN SILVER CORP COM	697900108	$69.13M	1,334,280	0.93%	-58.2%
32	PSKYPARAMOUNT SKYDANCE CORP COM CL B	69932A204	$68.25M	5,093,293	0.92%	-14.0%
33	APTVAPTIV PLC COM SHS	G3265R107	$68.20M	896,277	0.92%	+0.3%
34	AMBAAMBARELLA INC SHS	G037AX101	$57.69M	814,400	0.78%	New
35	COINCOINBASE GLOBAL INC COM CL A	19260Q107	$56.98M	251,980	0.77%	-22.7%
36	WDCWESTERN DIGITAL CORP COM	958102105	$55.35M	321,278	0.75%	-77.3%
37	FISVFISERV INC COM	337738108	$48.86M	727,400	0.66%	New
38	WHRWHIRLPOOL CORP COM	963320106	$31.29M	433,700	0.42%	-47.7%
39	NVTSNAVITAS SEMICONDUCTOR CORP COM	63942X106	$20.56M	2,880,200	0.28%	New
40	STUBSTUBHUB HLDGS INC CL A	86384P109	$19.74M	1,459,200	0.27%	New
41	LULULULULEMON ATHLETICA INC COM	550021109	$18.41M	88,600	0.25%	+0.0%
42	OUSTOUSTER INC COM NEW	68989M202	$17.94M	829,000	0.24%	-
43	CSXCSX CORP COM	126408103	$17.39M	479,800	0.23%	New
44	BBARRICK MNG CORP COM SHS	06849F108	$11.48M	263,552	0.15%	-89.7%
45	NAMSNEWAMSTERDAM PHARMA COMPANY ORDINARY SHARES	N62509109	$11.19M	319,000	0.15%	-
46	NEMNEWMONT CORP COM	651639106	$10.88M	108,936	0.15%	-88.8%
47	NYTNEW YORK TIMES CO CL A	650111107	$9.65M	139,039	0.13%	-49.7%
48	KRESPDR SERIES TRUST STATE STREET SPD	78464A698	$8.43M	130,003	0.11%	New
49	TVRDTVARDI THERAPEUTICS INC COM	140755307	$3.03M	704,118	0.04%	-
50	LABSTANDARD BIOTOOLS INC COM	34385P108	$2.07M	1,615,000	0.03%	-

Showing 1-50 of 51

Position Changes

Stock	Value	Shares
ONON SEMICONDUCTOR CORP	$567.50M	10,480,200
HUMHUMANA INC	$244.09M	953,000
NODKKNIGHT-SWIFT TRANSN HLDGS IN	$224.06M	4,285,700
QQNITY ELECTRONICS INC	$156.51M	1,916,800
STMSTMICROELECTRONICS N V	$136.98M	5,280,500
FIGRFIGURE TECHNOLOGY SOLUTIO	$75.71M	1,853,900
AMBAAMBARELLA INC	$57.69M	814,400
FISVFISERV INC	$48.86M	727,400
NVTSNAVITAS SEMICONDUCTOR CORP	$20.56M	2,880,200
STUBSTUBHUB HLDGS INC	$19.74M	1,459,200
CSXCSX CORP	$17.39M	479,800
KRESPDR SERIES TRUST	$8.43M	130,003