Slate Path Capital LP 13F: Quarter-over-Quarter Portfolio Changes
Slate Path Capital LP reported a disclosed portfolio value of approximately $7.2 billion in its latest SEC Form 13F-HR filing for Q2 2026, up 7.3% quarter on quarter. Over the quarter, the fund initiated 11 new positions, bought more shares in 12 holdings, trimmed 7 holdings, and exited 15 positions.
Slate Path Capital LP's top buy was Union Pacific CORP. (UNP) . The fund bought 214.2% more shares, lifting the position's portfolio weight by 6.0 percentage points. Its top sell was Rocket Cos INC (RKT) . The fund exited the position completely after it had accounted for 4.9% of the previous portfolio.
New PositionsQ2 2026
Securities disclosed for the first time in Q2 2026 that were not present in the prior 13F-HR filing.
| Company | Ticker | Initial Portfolio Weight | History |
|---|---|---|---|
| RIVIAN AUTOMOTIVE INC | RIVN | 5.3% | History → |
| FEDEX FGHT HLDG CO INC | FDXF | 4.7% | History → |
| CSX CORP COM | CSX | 2.6% | Holders → |
| APTIV PLC | APTV | 2.3% | Holders → |
| ROBLOX CORP | RBLX | 2.1% | Holders → |
| AKAMAI TECHNOLOGIES INC | AKAM | 2.0% | Holders → |
| CARMAX INC | KMX | 1.3% | Holders → |
| GDS HLDGS LTD | GDS | 0.6% | Holders → |
| CIRCLE INTERNET GROUP INC | CRCL | 0.5% | Holders → |
| HYPERLIQUID STRATEGIES INC | PURR | 0.3% | Holders → |
| UNITEDHEALTH GROUP INC | UNH | 0.2% | Holders → |
Top BuysQ2 2026
Showing the top 10 buys among 12 existing positions where the fund bought more shares in Q2 2026. Ranked by portfolio-weight impact, with the percentage of additional shares shown separately.
| Company | Ticker | Portfolio Weight Change | More Shares | History |
|---|---|---|---|---|
| UNION PACIFIC CORP. | UNP | +6.0% | +214.2% | History → |
| ENPHASE ENERGY INC | ENPH | +1.3% | +184.3% | Holders → |
| HUMANA INC | HUM | +4.8% | +134.9% | History → |
| CLEVELAND-CLIFFS INC NEW | CLF | +1.3% | +47.6% | Holders → |
| INTERNATIONAL PAPER CO | IP | +0.8% | +43.9% | Holders → |
| UNITY SOFTWARE INC | U | +2.7% | +41.6% | History → |
| AMERICAN AIRLINES GROUP INC | AAL | +1.0% | +27.9% | Holders → |
| FREEPORT MCMORAN INC | FCX | +0.8% | +27.5% | Holders → |
| TRANSOCEAN LTD | RIG | +-0.4% | +24.0% | Holders → |
| JAMES HARDIE INDS PLC | JHX | +0.7% | +12.2% | Holders → |
Top SellsQ2 2026
The fund's top sells among positions it retained in Q2 2026. Ranked by portfolio-weight impact. Full exits are listed separately.
| Company | Ticker | Portfolio Weight Change | Shares Sold | History |
|---|---|---|---|---|
| GE VERNOVA INC | GEV | -1.3% | 88.4% | Holders → |
| ON SEMICONDUCTOR CORP | ON | -5.5% | 83.7% | Holders → |
| TEXAS INSTRS INC | TXN | -5.7% | 81.4% | Holders → |
| HEWLETT PACKARD ENTERPRISE ORD | HPE | -3.4% | 66.5% | History → |
| NUCOR CORP | NUE | -1.2% | 38.3% | History → |
| KNIGHT-SWIFT TRANSN HLDGS IN | KNX | -0.3% | 26.1% | Holders → |
| STMICROELECTRONICS NV | STM | 2.3% | 14.5% | History → |
Full ExitsQ2 2026
Positions present in the prior 13F-HR filing that no longer appear in Q2 2026.
| Company | Ticker | Last-Reported Portfolio Weight |
|---|---|---|
| ROCKET COS INC | RKT | 4.9% |
| NOKIA CORP | NOK | 4.3% |
| QNITY ELECTRONICS INC | Q | 4.3% |
| EQT CORP | EQT | 3.7% |
| GLOBALFOUNDRIES INC | GFS | 3.3% |
| AMRIZE LTD | AMRZ | 3.1% |
| AERCAP HOLDINGS NV | AER | 2.0% |
| SAIA INC | SAIA | 1.6% |
| TWILIO INC | TWLO | 1.4% |
| SOLAREDGE TECHNOLOGIES INC | SEDG | 0.6% |
| T1 ENERGY INC | TE | 0.4% |
| EXPAND ENERGY CORPORATION | EXE | 0.2% |
| STUBHUB HLDGS INC | STUB | 0.1% |
| SMURFIT WESTROCK PLC | SW | 0.1% |
| STANDARD BIOTOOLS INC | LAB | 0.0% |
Net Portfolio Value ChangeQ2 2026
- $6.7BPrior quarter
- $7.2BCurrent quarter
- +$0.5BNet delta
- +7.3%% 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 Q2 2026?
In Q2 2026, Slate Path Capital LP initiated 11 new positions (RIVIAN AUTOMOTIVE INC (RIVN), FEDEX FGHT HLDG CO INC (FDXF), CSX CORP COM (CSX), APTIV PLC (APTV), ROBLOX CORP (RBLX), AKAMAI TECHNOLOGIES INC (AKAM), CARMAX INC (KMX), GDS HLDGS LTD (GDS), CIRCLE INTERNET GROUP INC (CRCL), HYPERLIQUID STRATEGIES INC (PURR), UNITEDHEALTH GROUP INC (UNH)); bought more shares of UNION PACIFIC CORP. (UNP), ENPHASE ENERGY INC (ENPH), HUMANA INC (HUM), CLEVELAND-CLIFFS INC NEW (CLF), INTERNATIONAL PAPER CO (IP) (the largest 5 of 12 adds).
What stocks did Slate Path Capital LP sell in Q2 2026?
In Q2 2026, Slate Path Capital LP fully sold 15 positions (ROCKET COS INC (RKT), NOKIA CORP (NOK), QNITY ELECTRONICS INC (Q), EQT CORP (EQT), GLOBALFOUNDRIES INC (GFS), AMRIZE LTD (AMRZ), AERCAP HOLDINGS NV (AER), SAIA INC (SAIA), TWILIO INC (TWLO), SOLAREDGE TECHNOLOGIES INC (SEDG), T1 ENERGY INC (TE), EXPAND ENERGY CORPORATION (EXE), STUBHUB HLDGS INC (STUB), SMURFIT WESTROCK PLC (SW), STANDARD BIOTOOLS INC (LAB)); reduced holdings in GE VERNOVA INC (GEV), ON SEMICONDUCTOR CORP (ON), TEXAS INSTRS INC (TXN), HEWLETT PACKARD ENTERPRISE ORD (HPE), NUCOR CORP (NUE) (the largest 5 of 7 reductions).
Which positions did Slate Path Capital LP initiate in Q2 2026?
Slate Path Capital LP established 11 new positions in Q2 2026: RIVIAN AUTOMOTIVE INC (RIVN, 5.3%), FEDEX FGHT HLDG CO INC (FDXF, 4.7%), CSX CORP COM (CSX, 2.6%), APTIV PLC (APTV, 2.3%), ROBLOX CORP (RBLX, 2.1%), AKAMAI TECHNOLOGIES INC (AKAM, 2.0%), CARMAX INC (KMX, 1.3%), GDS HLDGS LTD (GDS, 0.6%), CIRCLE INTERNET GROUP INC (CRCL, 0.5%), HYPERLIQUID STRATEGIES INC (PURR, 0.3%), UNITEDHEALTH GROUP INC (UNH, 0.2%).
Which existing positions saw the largest allocation increases for Slate Path Capital LP in Q2 2026?
Of 12 existing positions with share-count increases in Q2 2026, the largest were: UNION PACIFIC CORP. (UNP, +6.0% weight, +214.2% shares), ENPHASE ENERGY INC (ENPH, +1.3% weight, +184.3% shares), HUMANA INC (HUM, +4.8% weight, +134.9% shares), CLEVELAND-CLIFFS INC NEW (CLF, +1.3% weight, +47.6% shares), INTERNATIONAL PAPER CO (IP, +0.8% weight, +43.9% shares), UNITY SOFTWARE INC (U, +2.7% weight, +41.6% shares), AMERICAN AIRLINES GROUP INC (AAL, +1.0% weight, +27.9% shares), FREEPORT MCMORAN INC (FCX, +0.8% weight, +27.5% shares), TRANSOCEAN LTD (RIG, +-0.4% weight, +24.0% shares), JAMES HARDIE INDS PLC (JHX, +0.7% weight, +12.2% shares).
Which positions did Slate Path Capital LP fully exit in Q2 2026?
Slate Path Capital LP fully exited 15 positions in Q2 2026: ROCKET COS INC (RKT, last-reported weight 4.9%), NOKIA CORP (NOK, last-reported weight 4.3%), QNITY ELECTRONICS INC (Q, last-reported weight 4.3%), EQT CORP (EQT, last-reported weight 3.7%), GLOBALFOUNDRIES INC (GFS, last-reported weight 3.3%), AMRIZE LTD (AMRZ, last-reported weight 3.1%), AERCAP HOLDINGS NV (AER, last-reported weight 2.0%), SAIA INC (SAIA, last-reported weight 1.6%), TWILIO INC (TWLO, last-reported weight 1.4%), SOLAREDGE TECHNOLOGIES INC (SEDG, last-reported weight 0.6%), T1 ENERGY INC (TE, last-reported weight 0.4%), EXPAND ENERGY CORPORATION (EXE, last-reported weight 0.2%), STUBHUB HLDGS INC (STUB, last-reported weight 0.1%), SMURFIT WESTROCK PLC (SW, last-reported weight 0.1%), STANDARD BIOTOOLS INC (LAB, last-reported weight 0.0%).
Which existing positions saw the largest allocation reductions for Slate Path Capital LP in Q2 2026?
Of 7 existing positions with share-count reductions in Q2 2026, the largest were: GE VERNOVA INC (GEV, -1.3% weight, -88.4% shares), ON SEMICONDUCTOR CORP (ON, -5.5% weight, -83.7% shares), TEXAS INSTRS INC (TXN, -5.7% weight, -81.4% shares), HEWLETT PACKARD ENTERPRISE ORD (HPE, -3.4% weight, -66.5% shares), NUCOR CORP (NUE, -1.2% weight, -38.3% shares), KNIGHT-SWIFT TRANSN HLDGS IN (KNX, -0.3% weight, -26.1% shares), STMICROELECTRONICS NV (STM, 2.3% weight, -14.5% 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.