Slate Path Capital LP 13F: Quarter-over-Quarter Portfolio Changes
Slate Path Capital LP reported a disclosed portfolio value of approximately $6.7 billion in its latest SEC Form 13F-HR filing for Q1 2026, down 9.2% quarter on quarter. Over the quarter, the fund initiated 10 new positions, bought more shares in 15 holdings, trimmed 13 holdings, and exited 17 positions.
Slate Path Capital LP's top buy was a new stake in Texas Instruments (TXN) , equal to 7.7% of the disclosed portfolio. Its top sell was Gitlab INC (GTLB) . The fund exited the position completely after it had accounted for 3.0% of the previous portfolio.
New PositionsQ1 2026
Securities disclosed for the first time in Q1 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| TEXAS INSTRUMENTS | TXN | 7.7% | History → |
| TRANSOCEAN LTD | RIG | 3.0% | Holders → |
| SAIA INC | SAIA | 1.6% | Holders → |
| WOLFSPEED INC | WOLF | 1.0% | Holders → |
| SOLAREDGE TECHNOLOGIES INC | SEDG | 0.6% | Holders → |
| ENPHASE ENERGY INC | ENPH | 0.5% | Holders → |
| SNAP INC | SNAP | 0.5% | Holders → |
| T1 ENERGY INC | TE | 0.4% | Holders → |
| XPO INC | XPO | 0.3% | Holders → |
| SMURFIT WESTROCK PLC | SW | 0.1% | Holders → |
Top BuysQ1 2026
Showing the top 10 buys among 15 existing positions where the fund bought more shares in Q1 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| UNITED AIRLS HLDGS INC | UAL | +1.4% | +64.7% | History → |
| WHIRLPOOL CORP | WHR | +0.1% | +52.7% | Holders → |
| PARAMOUNT SKYDANCE CORP | PSKY | +0.1% | +47.5% | Holders → |
| UNITY SOFTWARE INC | U | +-1.2% | +38.4% | History → |
| INTERNATIONAL PAPER CO | IP | +0.4% | +31.1% | Holders → |
| QNITY ELECTRONICS INC | Q | +2.2% | +29.9% | History → |
| NUCOR CORP | NUE | +1.5% | +22.7% | History → |
| STMICROELECTRONICS N V | STM | +1.3% | +16.0% | Holders → |
| FIGURE TECHNOLOGY SOLUTIO | FIGR | +-0.0% | +8.0% | Holders → |
| KNIGHT-SWIFT TRANSN HLDGS IN | KNX | +0.9% | +7.8% | History → |
Top SellsQ1 2026
Showing the top 10 sells among 13 existing positions where the fund sold shares in Q1 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| EXPAND ENERGY CORPORATION | EXE | -2.1% | 91.5% | Holders → |
| TWILIO INC | TWLO | -1.6% | 52.5% | Holders → |
| HUMANA INC | HUM | -2.1% | 51.8% | Holders → |
| EQT CORP | EQT | -0.9% | 38.0% | Holders → |
| AMRIZE LTD | AMRZ | -1.2% | 35.9% | Holders → |
| FREEPORT MCMORAN INC | FCX | -0.5% | 32.7% | Holders → |
| AMERICAN AIRLINES GROUP INC | AAL | -0.8% | 28.4% | Holders → |
| ON SEMICONDUCTOR CORP | ON | -0.5% | 25.6% | History → |
| CLEVELAND-CLIFFS INC NEW | CLF | -1.6% | 14.2% | Holders → |
| ROCKET COS INC | RKT | -1.8% | 9.9% | History → |
Full ExitsQ1 2026
Positions present in the prior 13F-HR filing that no longer appear in Q1 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| GITLAB INC | GTLB | 3.0% |
| ARROWHEAD PHARMACEUTICALS INC | ARWR | 2.3% |
| CORNING INC | GLW | 1.0% |
| NIKE INC | NKE | 1.0% |
| PAN AMER SILVER | PAAS | 0.9% |
| APTIV PLC | APTV | 0.9% |
| AMBARELLA INC | AMBA | 0.8% |
| WESTERN DIGITAL CORP | WDC | 0.7% |
| FISERV, INC. | FISV | 0.7% |
| NAVITAS SEMICONDUCTOR CORP | NVTS | 0.3% |
| LULULEMON ATHLETICA INC | LULU | 0.2% |
| OUSTER INC | OUST | 0.2% |
| CSX CORP | CSX | 0.2% |
| BARRICK MNG CORP | B | 0.2% |
| NEWMONT CORP | NEM | 0.1% |
| NEW YORK TIMES CO MTN BE | NYT | 0.1% |
| SPDR SERIES TRUST | KRE | 0.1% |
Net Portfolio Value ChangeQ1 2026
- $7.4BPrior quarter
- $6.7BCurrent quarter
- $-0.7BNet delta
- -9.2%% change
Methodology & FAQ
How Slate Path Capital LP Quarterly Changes Are Computed
All deltas are sourced from sequential SEC Form 13F-HR filings for Slate Path Capital LP: each row joins the most recent filing against the immediately preceding quarterly filing for the same fund. Share-count changes reflect reported trading activity, while portfolio weights can also move because of market price changes. Portfolio weights are normalized to exclude listed options for comparability. A complete description — including how confidential treatment filings are handled — is documented in the Methodology.
What stocks did Slate Path Capital LP buy in Q1 2026?
In Q1 2026, Slate Path Capital LP initiated 10 new positions (TEXAS INSTRUMENTS (TXN), TRANSOCEAN LTD (RIG), SAIA INC (SAIA), WOLFSPEED INC (WOLF), SOLAREDGE TECHNOLOGIES INC (SEDG), ENPHASE ENERGY INC (ENPH), SNAP INC (SNAP), T1 ENERGY INC (TE), XPO INC (XPO), SMURFIT WESTROCK PLC (SW)); bought more shares of UNITED AIRLS HLDGS INC (UAL), WHIRLPOOL CORP (WHR), PARAMOUNT SKYDANCE CORP (PSKY), UNITY SOFTWARE INC (U), INTERNATIONAL PAPER CO (IP) — the largest 5 of 15 adds.
What stocks did Slate Path Capital LP sell in Q1 2026?
In Q1 2026, Slate Path Capital LP fully sold 17 positions (GITLAB INC (GTLB), ARROWHEAD PHARMACEUTICALS INC (ARWR), CORNING INC (GLW), NIKE INC (NKE), PAN AMER SILVER (PAAS), APTIV PLC (APTV), AMBARELLA INC (AMBA), WESTERN DIGITAL CORP (WDC), FISERV, INC. (FISV), NAVITAS SEMICONDUCTOR CORP (NVTS), LULULEMON ATHLETICA INC (LULU), OUSTER INC (OUST), CSX CORP (CSX), BARRICK MNG CORP (B), NEWMONT CORP (NEM), NEW YORK TIMES CO MTN BE (NYT), SPDR SERIES TRUST (KRE)); reduced holdings in EXPAND ENERGY CORPORATION (EXE), TWILIO INC (TWLO), HUMANA INC (HUM), EQT CORP (EQT), AMRIZE LTD (AMRZ) — the largest 5 of 13 reductions.
Which positions did Slate Path Capital LP initiate in Q1 2026?
Slate Path Capital LP established 10 new positions in Q1 2026: TEXAS INSTRUMENTS (TXN, 7.7%), TRANSOCEAN LTD (RIG, 3.0%), SAIA INC (SAIA, 1.6%), WOLFSPEED INC (WOLF, 1.0%), SOLAREDGE TECHNOLOGIES INC (SEDG, 0.6%), ENPHASE ENERGY INC (ENPH, 0.5%), SNAP INC (SNAP, 0.5%), T1 ENERGY INC (TE, 0.4%), XPO INC (XPO, 0.3%), SMURFIT WESTROCK PLC (SW, 0.1%).
Which existing positions saw the largest allocation increases for Slate Path Capital LP in Q1 2026?
Of 15 existing positions with share-count increases in Q1 2026, the largest were: UNITED AIRLS HLDGS INC (UAL, +1.4% weight, +64.7% shares), WHIRLPOOL CORP (WHR, +0.1% weight, +52.7% shares), PARAMOUNT SKYDANCE CORP (PSKY, +0.1% weight, +47.5% shares), UNITY SOFTWARE INC (U, +-1.2% weight, +38.4% shares), INTERNATIONAL PAPER CO (IP, +0.4% weight, +31.1% shares), QNITY ELECTRONICS INC (Q, +2.2% weight, +29.9% shares), NUCOR CORP (NUE, +1.5% weight, +22.7% shares), STMICROELECTRONICS N V (STM, +1.3% weight, +16.0% shares), FIGURE TECHNOLOGY SOLUTIO (FIGR, +-0.0% weight, +8.0% shares), KNIGHT-SWIFT TRANSN HLDGS IN (KNX, +0.9% weight, +7.8% shares).
Which positions did Slate Path Capital LP fully exit in Q1 2026?
Slate Path Capital LP fully exited 17 positions in Q1 2026: GITLAB INC (GTLB, last-reported weight 3.0%), ARROWHEAD PHARMACEUTICALS INC (ARWR, last-reported weight 2.3%), CORNING INC (GLW, last-reported weight 1.0%), NIKE INC (NKE, last-reported weight 1.0%), PAN AMER SILVER (PAAS, last-reported weight 0.9%), APTIV PLC (APTV, last-reported weight 0.9%), AMBARELLA INC (AMBA, last-reported weight 0.8%), WESTERN DIGITAL CORP (WDC, last-reported weight 0.7%), FISERV, INC. (FISV, last-reported weight 0.7%), NAVITAS SEMICONDUCTOR CORP (NVTS, last-reported weight 0.3%), LULULEMON ATHLETICA INC (LULU, last-reported weight 0.2%), OUSTER INC (OUST, last-reported weight 0.2%), CSX CORP (CSX, last-reported weight 0.2%), BARRICK MNG CORP (B, last-reported weight 0.2%), NEWMONT CORP (NEM, last-reported weight 0.1%), NEW YORK TIMES CO MTN BE (NYT, last-reported weight 0.1%), SPDR SERIES TRUST (KRE, last-reported weight 0.1%).
Which existing positions saw the largest allocation reductions for Slate Path Capital LP in Q1 2026?
Of 13 existing positions with share-count reductions in Q1 2026, the largest were: EXPAND ENERGY CORPORATION (EXE, -2.1% weight, -91.5% shares), TWILIO INC (TWLO, -1.6% weight, -52.5% shares), HUMANA INC (HUM, -2.1% weight, -51.8% shares), EQT CORP (EQT, -0.9% weight, -38.0% shares), AMRIZE LTD (AMRZ, -1.2% weight, -35.9% shares), FREEPORT MCMORAN INC (FCX, -0.5% weight, -32.7% shares), AMERICAN AIRLINES GROUP INC (AAL, -0.8% weight, -28.4% shares), ON SEMICONDUCTOR CORP (ON, -0.5% weight, -25.6% shares), CLEVELAND-CLIFFS INC NEW (CLF, -1.6% weight, -14.2% shares), ROCKET COS INC (RKT, -1.8% weight, -9.9% shares).
Do quarter-over-quarter 13F allocation changes constitute explicit trading signals?
No. Quarter-over-quarter changes reflect a combination of active trading and market price movement. A weight increase can result from price appreciation alone, without the manager adding shares. Share-count delta is the cleaner indicator of explicit trading activity. All deltas on this page are sourced from sequential SEC Form 13F-HR filings.