Greenlight Capital

Q3 2023 13F · by David Einhorn, portfolio manager

As of: Sep 30, 2023
Filed: Nov 14, 2023
US stock: $1.8B · prev $2.1B
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%

Moves35 since the prior filing

+15.4 pp in · −15.5 pp out

New 2 +1.23 pp
Added 22 +14.20 pp
Trimmed 7 −8.76 pp
Exited 4 −6.73 pp

The book

Very concentrated · behaves like 8 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 30% a year, about 3.3 years per position

Low
Moderate
High

Top 5 positions61% of US stock

GRBK Green Brick Partners, Inc trimmed−15.11 pp trimmed−15.1129.1%
CEIX Core Natural Resources, Inc. trimmed+5.28 pp trimmed+5.2814.3%
BHF Brighthouse Financial, Inc. added+1.81 pp added+1.818.7%
KD Kyndryl Holdings, Inc. added+2.02 pp added+2.024.8%
ODPN Odp CORP/THE added+0.90 pp added+0.904.2%

Positions39 in this filing · 4 exited


GRBKGreen Brick Partners, Inc	29.10%	12,342,383	$512M	trimmed−26%	−15.11 pp	24 q
CEIXCore Natural Resources, Inc.	14.33%	2,404,127	$252M	trimmed−16%	+5.28 pp	12 q
BHFBrighthouse Financial, Inc.	8.74%	3,142,743	$154M	added+1%	+1.81 pp	24 q
KDKyndryl Holdings, Inc.	4.79%	5,588,126	$84M	added+26%	+2.02 pp	8 q
ODPNOdp CORP/THE	4.23%	1,614,350	$75M	added+6%	+0.90 pp	11 q
GLDSPDR Gold Trust, SPDR Gold Shares	4.20%	431,224	$74M	added+89%	+2.29 pp	14 q
SW5Southwestern Energy Co	3.70%	10,105,610	$65M	added+10%	+1.10 pp	7 q
TECKTeck Resources Limited	3.58%	1,461,823	$63M	added+9%	+0.92 pp	14 q
LIVNLivaNova PLC	3.57%	1,187,276	$63M	added+15%	+1.07 pp	10 q
THCTenet Healthcare Corporation New	3.41%	911,780	$60M	trimmed−2%	−0.15 pp	4 q
GPKGraphic Packaging Holding Company	2.43%	1,921,610	$43M	added+9%	+0.44 pp	10 q
NPWRNET Power Inc.	2.43%	2,837,110	$43M	added+13%	+0.90 pp	2 q
WFRDWeatherford International plc	2.21%	430,055	$39M	trimmed−1%	+0.86 pp	7 q
FCNCAFirst Citizens BancShares Inc	1.83%	23,310	$32M	added+3%	+0.47 pp	3 q
SLViShares Silver Trust	1.43%	1,239,700	$25M	added0%	+0.22 pp	9 q
GPORGulfport Energy Corporation	1.42%	210,520	$25M	trimmed−2%	+0.36 pp	4 q
AIYActivision Blizzard Inc	1.37%	256,740	$24M	added+16%	+0.49 pp	2 q
DHTDht Holdings, Inc.	1.18%	2,024,820	$21M	new	+1.18 pp	new
NYCBFlagstar Bank, National Association	1.11%	1,724,410	$20M	added+1%	+0.21 pp	3 q
SDRLSeadrill Limited	0.92%	359,895	$16M	added+35%	+0.40 pp	2 q
HRIHerc Holdings Inc.	0.86%	127,730	$15M	added×3.4	+0.62 pp	2 q
FHNFirst Horizon Corporation	0.81%	1,297,020	$14M	trimmed−0%	+0.12 pp	2 q
GPROGoPro, Inc.	0.47%	2,656,460	$8M	added+2%	−0.03 pp	11 q
unresolvedDanimer Scientific Inc	0.31%	2,602,690	$5M	added+2%	+0.03 pp	12 q
LKFTLakefront Biotherapeutics	0.31%	156,378	$5M	added+4%	+0.02 pp	8 q
REZIResideo Technologies, Inc.	0.29%	324,010	$5M	trimmed−34%	−0.12 pp	14 q
SHCSotera Health Company	0.29%	336,970	$5M	added×61.8	+0.29 pp	2 q
OIHVanEck Oil Services ETF	0.14%	6,960	$2M	held	—	3 q
AAPAdvance Auto Parts Inc	0.12%	37,570	$2M	held	—	2 q
GANXGain Therapeutics, Inc.	0.11%	588,410	$2M	added+8%	0.00 pp	11 q
COYACoya Therapeutics, Inc.	0.10%	468,067	$2M	added+19%	+0.03 pp	4 q
FCGFirst Trust Natural Gas ETF	0.09%	58,540	$2M	held	—	3 q
PDBCInvesco Actively Managed Exch-Traded Commodity Fd Tr Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF	0.08%	96,990	$1M	held	—	3 q
TLISTalis Biomedical Corporation	0.05%	149,052	$860,030	new	+0.05 pp	new
O7PANeubase Therapeutics Inc	0.01%	136,350	$118,597	held	—	2 q
unresolvedFinserv Acquisition Corp II	0.00%	78,750	$2,379	held	—	3 q
KPLTKatapult Holdings, Inc.	0.00%	262,227	$2,674	added×25.0	0.00 pp	10 q
NUVBNuvation Bio Inc.	0.00%	34,995	$46,893	held	—	11 q
NUVB/WSNuvation Bio Inc -CW27	0.00%	100,000	$10,000	held	—	11 q
BKIBlack Knight, Inc.	—	−1,336,800	—	exited	−3.74 pp	—
CPRICapri Holdings Limited	—	−1,646,136	—	exited	−2.77 pp	—
unresolvedWaverley Capital Acquisition Corp 1	—	−350,000	—	exited	−0.17 pp	—
unresolvedTalis Biomedical Corp	—	−2,235,783	—	exited	−0.05 pp	—