SNAP is their most concentrated position. They took a big risk by adding on the way down, but at this point it looks like those risks have paid off, so it’s likely they are just taking profits, but you can never be certain.
Slates first major investment in Barrick began in the 4th quarter of 2019 while the market was in freefall; allocating 15% of their portfolio to the company, making it their most concentrated position at the time.
What truly stood out was the NYT investment. MSM media has considerably broadened their reach ever since the social media giants decision to throttle alternative media sources, which you could argue was a lifesaver for the NYT as they were hemorrhaging money for several years
Slates first investment in the company started in the 1st quarter of 2018, and since then they have almost doubled their position, so this is definitely something to keep an eye on if you believe in the concept
View Slate Path’s holdings
Image By Ajay Suresh from New York, NY, USA – New York Times Building – New York Times Logo, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=80146855