Slate Path Capital LP

NEW YORK, NY · CIK 0001559706

Portfolio Value: $6.46B

Positions: 51

Period: 2025-09-30

Filed: 2025-11-14

Portfolio Value

$6.46B

Positions

New

Increased

Decreased

Sold Out

251

Slate Path Capital LP Q3 2025 13F Filing Summary

Slate Path Capital LP (NEW YORK, NY) reported a portfolio value of $6.46B across 51 positions in their Q3 2025 SEC 13F filing (period ending 2025-09-30). Top holdings include HPE ($430.02M), U ($428.06M), UNP ($385.66M). The top 10 positions account for 48.2% of the portfolio. This quarter saw 17 new positions, 9 increases, 20 reductions, 251 complete exits. Notable new buys: UNP ($385.66M), AMRZ ($297.12M), BEKE ($267.35M). Notable exits: PAR, NBIS, TECK.

All Holdings

#	Stock	CUSIP	Value↓	Shares	Weight	Change
1	HPEHEWLETT PACKARD ENTERPRISE C COM	42824C109	$430.02M	17,509,142	6.65%	+10.1%
2	UUNITY SOFTWARE INC COM	91332U101	$428.06M	10,690,852	6.62%	-46.6%
3	UNPUNION PAC CORP COM	907818108	$385.66M	1,631,600	5.97%	New
4	EQTEQT CORP COM	26884L109	$323.29M	5,939,588	5.00%	+138.2%
5	SNDKSANDISK CORP COM	80004C200	$302.23M	2,693,657	4.68%	-43.2%
6	AMRZAMRIZE LTD SHS	H2927K103	$297.12M	6,122,319	4.60%	New
7	BEKEROCKET COS INC COM CL A	77311W101	$267.35M	13,795,000	4.14%	New
8	CLFCLEVELAND-CLIFFS INC NEW COM	185899101	$240.99M	19,753,245	3.73%	+25.7%
9	WBDWARNER BROS DISCOVERY INC COM SER A	934423104	$230.55M	11,804,700	3.57%	-44.7%
10	NUENUCOR CORP COM	670346105	$208.20M	1,537,300	3.22%	New
11	NOKNOKIA CORP SPONSORED ADR	654902204	$177.43M	36,887,202	2.75%	-4.3%
12	ARWRARROWHEAD PHARMACEUTICALS IN COM	04280A100	$171.83M	4,982,000	2.66%	-4.8%
13	SAPEXPAND ENERGY CORPORATION COM	165167735	$171.65M	1,615,714	2.66%	+44.5%
14	WDCWESTERN DIGITAL CORP COM	958102105	$170.03M	1,416,237	2.63%	-76.5%
15	TEVATEVA PHARMACEUTICAL INDS LTD SPONSORED ADS	881624209	$160.15M	7,927,998	2.48%	-4.4%
16	STXSEAGATE TECHNOLOGY HLDNGS PL ORD SHS	G7997R103	$155.53M	658,867	2.41%	-71.9%
17	GTLBGITLAB INC CLASS A COM	37637K108	$142.23M	3,155,000	2.20%	New
18	UPSTUPSTART HLDGS INC COM	91680M107	$138.78M	2,731,974	2.15%	New
19	IPINTERNATIONAL PAPER CO COM	460146103	$130.74M	2,817,750	2.02%	+0.1%
20	PAASPAN AMERN SILVER CORP COM	697900108	$123.73M	3,194,800	1.91%	-32.3%
21	AERAERCAP HOLDINGS NV SHS	N00985106	$123.62M	1,021,644	1.91%	-8.1%
22	AIGAMERICAN AIRLS GROUP INC COM	02376R102	$112.20M	9,981,794	1.74%	+41.5%
23	PSKYPARAMOUNT SKYDANCE CORP COM CL B	69932A204	$112.11M	5,925,693	1.73%	New
24	UNTCUNITED AIRLS HLDGS INC COM	910047109	$111.76M	1,158,172	1.73%	+0.4%
25	COINCOINBASE GLOBAL INC COM CL A	19260Q107	$110.08M	326,180	1.70%	-22.5%
26	DALDELTA AIR LINES INC DEL COM NEW	247361702	$98.44M	1,734,648	1.52%	-1.6%
27	GEVGE VERNOVA INC COM	36828A101	$84.46M	137,358	1.31%	-39.2%
28	GLWCORNING INC COM	219350105	$84.02M	1,024,200	1.30%	-64.4%
29	BBARRICK MNG CORP COM SHS	06849F108	$83.56M	2,549,834	1.29%	-65.0%
30	NEMNEWMONT CORP COM	651639106	$82.14M	974,212	1.27%	-65.4%
31	GEGE AEROSPACE COM NEW	369604301	$77.25M	256,792	1.20%	-39.0%
32	APTVAPTIV PLC COM SHS	G3265R107	$77.08M	894,000	1.19%	New
33	STNESTONECO LTD COM CL A	G85158106	$71.45M	3,778,541	1.11%	-9.9%
34	WHRWHIRLPOOL CORP COM	963320106	$65.24M	830,000	1.01%	New
35	GFSGLOBALFOUNDRIES INC ORDINARY SHARES	G39387108	$63.40M	1,769,100	0.98%	New
36	DOWDOW INC COM	260557103	$56.53M	2,465,500	0.87%	New
37	DELLLYONDELLBASELL INDUSTRIES N SHS - A -	N53745100	$55.26M	1,126,800	0.85%	New
38	SNAPSNAP INC CL A	83304A106	$51.70M	6,706,200	0.80%	+0.0%
39	RUNSUNRUN INC COM	86771W105	$47.27M	2,733,850	0.73%	New
40	TWLOTWILIO INC CL A	90138F102	$45.53M	454,900	0.70%	+0.0%
41	JAMES HARDIE INDS PLC ORD SHS	G4253H101	$43.82M	2,281,066	0.68%	New
42	ATIUWM HOLDINGS CORPORATION COM CL A	91823B109	$28.34M	4,654,000	0.44%	New
43	TVRDTVARDI THERAPEUTICS INC COM	140755307	$27.44M	704,118	0.42%	-
44	OUSTOUSTER INC COM NEW	68989M202	$22.42M	829,000	0.35%	New
45	SBSWSIBANYE STILLWATER LTD SPONSORED ADR	82575P107	$21.57M	1,919,000	0.33%	-
46	NYTNEW YORK TIMES CO CL A	650111107	$15.86M	276,339	0.25%	-20.0%
47	LENLENNAR CORP CL A	526057104	$15.64M	124,102	0.24%	New
48	NAMSNEWAMSTERDAM PHARMA COMPANY ORDINARY SHARES	N62509109	$9.07M	319,000	0.14%	-
49	SWSMURFIT WESTROCK PLC SHS	G8267P108	$7.96M	187,000	0.12%	-27.4%
50	LABSTANDARD BIOTOOLS INC COM	34385P108	$2.10M	1,615,000	0.03%	-

Showing 1-50 of 51

Position Changes

Stock	Value	Shares
UNPUNION PAC CORP	$385.66M	1,631,600
AMRZAMRIZE LTD	$297.12M	6,122,319
BEKEROCKET COS INC	$267.35M	13,795,000
NUENUCOR CORP	$208.20M	1,537,300
GTLBGITLAB INC	$142.23M	3,155,000
UPSTUPSTART HLDGS INC	$138.78M	2,731,974
PSKYPARAMOUNT SKYDANCE CORP	$112.11M	5,925,693
APTVAPTIV PLC	$77.08M	894,000
WHRWHIRLPOOL CORP	$65.24M	830,000
GFSGLOBALFOUNDRIES INC	$63.40M	1,769,100
DOWDOW INC	$56.53M	2,465,500
DELLLYONDELLBASELL INDUSTRIES N	$55.26M	1,126,800
RUNSUNRUN INC	$47.27M	2,733,850
JAMES HARDIE INDS PLC	$43.82M	2,281,066
ATIUWM HOLDINGS CORPORATION	$28.34M	4,654,000
OUSTOUSTER INC	$22.42M	829,000
LENLENNAR CORP	$15.64M	124,102