Greenlight Capital

Q1 2023 13F · by David Einhorn, portfolio manager

As of: Mar 31, 2023
Filed: May 15, 2023
US stock: $1.8B · prev $1.4B
Positions: 39 · prev 41
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves40 since the prior filing

+7.6 pp in · −7.4 pp out

New 8 +5.86 pp
Added 11 +1.73 pp
Trimmed 11 −5.49 pp
Exited 10 −1.89 pp

The book

Very concentrated · behaves like 8 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 15% a year, about 6.9 years per position

Low
Moderate
High

Top 5 positions59% of US stock

GRBK Green Brick Partners, Inc trimmed+3.24 pp trimmed+3.2431.6%
CEIX Core Natural Resources, Inc. added+0.43 pp added+0.438.6%
BHF Brighthouse Financial, Inc. trimmed−3.87 pp trimmed−3.877.5%
KD Kyndryl Holdings, Inc. trimmed−0.12 pp trimmed−0.126.8%
TECK Teck Resources Limited added−0.92 pp added−0.924.9%

Positions39 in this filing · 10 exited


GRBKGreen Brick Partners, Inc	31.64%	16,600,508	$582M	trimmed−2%	+3.24 pp	22 q
CEIXCore Natural Resources, Inc.	8.60%	2,716,741	$158M	added+50%	+0.43 pp	10 q
BHFBrighthouse Financial, Inc.	7.49%	3,122,743	$138M	trimmed−2%	−3.87 pp	22 q
KDKyndryl Holdings, Inc.	6.82%	8,498,845	$125M	trimmed−6%	−0.12 pp	6 q
TECKTeck Resources Limited	4.94%	2,491,218	$91M	added+11%	−0.92 pp	12 q
THCTenet Healthcare Corporation New	4.61%	1,426,970	$85M	added×2.2	+2.38 pp	2 q
ODPNOdp CORP/THE	3.99%	1,632,140	$73M	trimmed−1%	−1.22 pp	9 q
GPNGlobal Payments, Inc.	3.43%	600,430	$63M	added+27%	+0.17 pp	6 q
CPRICapri Holdings Limited	3.18%	1,244,040	$58M	added+32%	−0.58 pp	9 q
BKIBlack Knight, Inc.	2.89%	924,740	$53M	new	+2.89 pp	new
LIVNLivaNova PLC	2.45%	1,034,896	$45M	added+23%	−0.78 pp	8 q
SW5Southwestern Energy Co	2.42%	8,915,700	$45M	trimmed−1%	−1.23 pp	5 q
GLDSPDR Gold Trust, SPDR Gold Shares	2.27%	227,899	$42M	added+9%	−0.19 pp	12 q
WFRDWeatherford International plc	1.87%	579,695	$34M	trimmed−1%	−0.19 pp	5 q
SLViShares Silver Trust	1.79%	1,487,380	$33M	trimmed−2%	−0.54 pp	7 q
CIVICivitas Resources, Inc.	1.70%	458,208	$31M	trimmed−1%	−0.15 pp	6 q
GPKGraphic Packaging Holding Company	1.48%	1,067,670	$27M	held	—	8 q
CNXCConcentrix Corporation	1.37%	207,961	$25M	added×2.2	+0.48 pp	4 q
GPORGulfport Energy Corporation	1.23%	283,000	$23M	added×2.3	+0.59 pp	2 q
FCNCAFirst Citizens BancShares Inc	1.19%	22,550	$22M	new	+1.19 pp	new
NYCBFlagstar Bank, National Association	1.12%	2,279,510	$21M	new	+1.12 pp	new
GPROGoPro, Inc.	0.71%	2,597,900	$13M	trimmed−3%	−0.21 pp	9 q
REZIResideo Technologies, Inc.	0.65%	658,088	$12M	trimmed−55%	−1.04 pp	12 q
unresolvedDanimer Scientific Inc	0.48%	2,550,000	$9M	added+13%	+0.20 pp	10 q
unresolvedRice Acquisition Corp II	0.42%	760,000	$8M	new	+0.42 pp	new
LKFTLakefront Biotherapeutics	0.32%	151,368	$6M	trimmed−3%	−0.16 pp	6 q
unresolvedWaverley Capital Acquisition Corp 1	0.19%	350,000	$4M	held	—	7 q
unresolvedPanacea Acquisition Corp II	0.15%	275,000	$3M	held	—	8 q
GANXGain Therapeutics, Inc.	0.14%	546,560	$3M	held	—	9 q
OIHVanEck Oil Services ETF	0.10%	6,960	$2M	new	+0.10 pp	new
COYACoya Therapeutics, Inc.	0.08%	392,647	$2M	added0%	−0.05 pp	2 q
FCGFirst Trust Natural Gas ETF	0.07%	58,540	$1M	new	+0.07 pp	new
PDBCInvesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	0.07%	96,990	$1M	new	+0.07 pp	new
unresolvedTalis Biomedical Corp	0.06%	2,235,783	$1M	held	—	6 q
unresolvedNeubase Therapeutics Inc	0.03%	2,727,027	$504,500	held	—	15 q
unresolvedFinserv Acquisition Corp II	0.00%	78,750	$3,323	new	0.00 pp	new
KPLTKatapult Holdings, Inc.	0.00%	262,227	$15,262	held	—	8 q
NUVBNuvation Bio Inc.	0.00%	34,995	$58,092	held	—	9 q
NUVB/WSNuvation Bio Inc -CW27	0.00%	100,000	$12,000	held	—	9 q
VSXYVictorias Secret & Co.	—	−411,071	—	exited	−1.02 pp	—
FNKOFunko, Inc. Class A	—	−521,500	—	exited	−0.39 pp	—
CNXCNX Resources Corporation	—	−216,165	—	exited	−0.25 pp	—
unresolvedFinserv Acquisition Corp II	—	−315,000	—	exited	−0.22 pp	—
unresolvedPolestar Automotive Hldg UK	—	−82,100	—	exited	−0.01 pp	—
BODYWThe Beachbody Co Wts	—	−57,000	—	exited	0.00 pp	—
BKSYWBlacksky Technology Wts	—	−36,200	—	exited	0.00 pp	—
TMCWWTMC the metals company Inc.	—	−170,000	—	exited	0.00 pp	—
unresolved23ANDME Holding Co	—	−23,591	—	exited	0.00 pp	—
unresolvedPaysafe Limited	—	−288,000	—	exited	0.00 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 7 unresolved
Accession: 0001172661-23-002282
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

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