1y return+121.8%S&P 500 +20.9%
3y return+275.0%S&P 500 +68.5%
5y return+231.2%S&P 500 +74.5%
10y return+1069.0%S&P 500 +256.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2016: $1,169 against $357 in the S&P 500.2
Slate Path Capital LPS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| UNPUnion Pac Corp | $626.3M | 8.7% | +214.2% |
| UUnity Software Inc | $459.4M | 6.4% | +41.6% |
| UALUnited Airls Hldgs Inc | $452.2M | 6.3% | +6.8% |
| HUMHumana Inc | $429.0M | 5.9% | +134.9% |
| STMStmicroelectronics N V | $392.4M | 5.4% | −14.5% |
| RIVNRivian Automotive Inc | $381.3M | 5.3% | New |
| HPEHewlett Packard Enterprise C | $351.0M | 4.9% | −66.5% |
| FDXFFedex Fght Hldg Co Inc | $339.3M | 4.7% | New |
| DALDelta Air Lines Inc | $282.4M | 3.9% | +1.6% |
| NUENucor Corp | $280.4M | 3.9% | −38.3% |
| FCXFreeport Mcmoran Inc | $278.2M | 3.9% | +27.5% |
| CLFCleveland-cliffs Inc New | $266.8M | 3.7% | +47.6% |
| KNXKnight-swift Transn Hldgs In | $265.6M | 3.7% | −26.1% |
| WOLFWolfspeed Inc | $214.1M | 3.0% | |
| CSXCsx Corp | $190.6M | 2.6% | New |
| IPInternational Paper Co | $185.2M | 2.6% | +43.9% |
| Transocean LtdCUSIP H8817H100 | $182.2M | 2.5% | +24.0% |
| Aptiv PLCCUSIP G3265R107 | $162.7M | 2.3% | New |
| James Hardie Inds PLCCUSIP G4253H101 | $157.6M | 2.2% | +12.2% |
| AALAmerican Airlines Group Inc | $149.6M | 2.1% | +27.9% |
| RBLXRoblox Corp | $149.3M | 2.1% | New |
| TXNTexas Instrs Inc | $147.7M | 2.0% | −81.4% |
| AKAMAkamai Technologies Inc | $141.5M | 2.0% | New |
| ENPHEnphase Energy Inc | $127.4M | 1.8% | +184.3% |
| ONOn Semiconductor Corp | $120.0M | 1.7% | −83.7% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| GEVGe Vernova Inc | March 31, 2024 | +759.1% | $15.9M |
| WOLFWolfspeed Inc | March 31, 2026 | +195.6% | $214.1M |
| STMStmicroelectronics N V | December 31, 2025 | +188.7% | $392.4M |
| UALUnited Airls Hldgs Inc | June 30, 2024 | +179.5% | $452.2M |
| HPEHewlett Packard Enterprise C | December 31, 2023 | +165.7% | $351.0M |
| DALDelta Air Lines Inc | June 30, 2024 | +97.4% | $282.4M |
| ONOn Semiconductor Corp | December 31, 2025 | +74.6% | $120.0M |
| NUENucor Corp | September 30, 2025 | +64.5% | $280.4M |
| AALAmerican Airlines Group Inc | June 30, 2024 | +59.5% | $149.6M |
| HUMHumana Inc | December 31, 2025 | +55.1% | $429.0M |
Sold off last quarter
- RKTRocket Cos Inc was $329.9M
- NOKNokia Corp was $288.1M
- QQnity Electronics Inc was $287.3M
- EQTEqt Corp was $247.3M
- Globalfoundries IncCUSIP G39387108 was $224.3M
- Amrize LtdCUSIP H2927K103 was $210.2M
- Aercap Holdings NvCUSIP N00985106 was $133.7M
- SAIASaia Inc was $108.2M
- TWLOTwilio Inc was $93.5M
- SEDGSolaredge Technologies Inc was $37.6M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +40.9% | +14.8% |
| March 31, 2026 | −4.1% | −4.6% |
| December 31, 2025 | +16.1% | +2.4% |
| September 30, 2025 | +41.5% | +7.8% |
| June 30, 2025 | +19.0% | +10.5% |
| March 31, 2025 | −6.7% | −4.6% |
| December 31, 2024 | +4.5% | +2.1% |
| September 30, 2024 | +5.7% | +5.4% |
| June 30, 2024 | +4.1% | +4.0% |
| March 31, 2024 | +9.6% | +10.0% |
| December 31, 2023 | +15.0% | +11.2% |
| September 30, 2023 | +5.1% | −3.6% |
| June 30, 2023 | +1.9% | +8.3% |
| March 31, 2023 | +4.7% | +7.0% |
| December 31, 2022 | +8.5% | +7.1% |
| September 30, 2022 | −6.0% | −5.3% |
| June 30, 2022 | −22.5% | −16.5% |
| March 31, 2022 | +7.6% | −4.9% |
| December 31, 2021 | −4.1% | +10.7% |
| September 30, 2021 | +1.5% | +0.3% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Slate Path Capital LP Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1559706&type=13F-HR&dateb=&owner=include&count=40CIK 1559706
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1559706/000117266126003448/Filed August 14, 2026 · accession 0001172661-26-003448