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Greenlight Capital, Inc.
David Einhorn · Hedge Fund · Value
Greenlight Capital, Inc. is a prominent value-oriented hedge fund founded in 1996 by David Einhorn and Jeffrey A. Keswin. Headquartered in New York City, the firm is widely recognized for its disciplined approach to fundamental analysis, focusing on long/short equity positions in North American markets. Greenlight gained significant fame for its high-profile short calls, most notably its successful bet against Lehman Brothers before its 2008 collapse. The firm aims to achieve high absolute returns while minimizing capital loss by identifying undervalued stocks and shorting overvalued ones. In addition to equities, the firm manages investments in distressed debt and macro themes, consistently applying a contrarian and intrinsic value-based philosophy.
Simulated Performance
| Metric | Value |
|---|---|
| Total return | +14.5% |
| YTD return | +11.5% |
| Sharpe ratio | 4.98 |
| Win rate | 49% |
| AUM | $2.9B |
| Inception | Oct 1, 2025 |
| Updated | Sep 4, 2026 |
Institution Status
| Field | Value |
|---|---|
| AUM | $2.9B |
| Turnover | Low (<15%) |
| Avg holding | 18 Months |
| Inception | Oct 1, 2025 |
| Website | https://www.greenlightcapital.com/ |
Current Holdings
Updated on Sep 4, 2026.
| Ticker | Name | Portfolio % | Return |
|---|---|---|---|
| GRBK | Green Brick Partners Inc | 24.0% | -7.0% |
| FLR | Fluor Corporation | 8.6% | +29.6% |
| CNR | Core Natural Resources, Inc. | 8.0% | +12.6% |
| BHF | Brighthouse Financial Inc | 5.4% | +0.7% |
| ACHC | Acadia Healthcare Company Inc | 4.4% | +41.7% |
| PCG | PG&E Corp | 4.2% | -6.6% |
| GPK | Graphic Packaging Holding Company | 3.9% | -28.4% |
| VGNT | Versigent PLC | 3.9% | +3.7% |
| CNC | Centene Corp | 3.7% | +78.5% |
| TEVA | Teva Pharma Industries Ltd ADR | 3.7% | +79.3% |
| PENN | Penn National Gaming Inc | 3.5% | -4.0% |
| FBIN | Fortune Brands Innovations Inc. | 3.5% | -5.3% |
| DHT | DHT Holdings Inc | 3.4% | +71.9% |
| SNX | Synnex Corporation | 3.4% | +10.6% |
| CROX | Crocs Inc | 2.9% | +7.2% |
| SHC | Sotera Health Co | 2.8% | -2.1% |
| VSNT | Versant Media Group, Inc. Class A Common Stock When-Issued | 2.8% | -9.1% |
| DCH | Dauch Corporation | 2.7% | +10.9% |
| ROIV | Roivant Sciences Ltd | 2.7% | +113.3% |
| PYPL | PayPal Holdings Inc | 2.7% | +2.3% |
Recent activity
| Date | Action | Ticker | Weight |
|---|---|---|---|
| Aug 31, 2026 | SELL | DHT | 3.4% → 3.4% |
| Aug 31, 2026 | BUY | GPK | 3.4% → 3.9% |
| Aug 31, 2026 | BUY | CROX | 2.7% → 2.9% |
| Aug 31, 2026 | BUY | GRBK | 23.0% → 24.0% |
| Aug 31, 2026 | BUY | DCH | 0.0% → 2.7% |
Investment Style Analysis
Greenlight Capital, Inc. is widely recognized for employing a Value strategy. As of Sep 4, 2026, the firm oversees approximately $2.9B in assets under management (AUM). The portfolio demonstrates a clear preference for the Residential Construction and Engineering & Construction sectors, reflecting a high-conviction approach to capital allocation.
Recent Market Moves
During the latest rebalancing period ending Aug 31, Greenlight Capital, Inc. made a significant move by reducing the position in DHT. This adjustment aligns with the fund's dynamic approach to risk management and capital deployment in current market conditions.
Investment Philosophy
Greenlight Capital follows a value-oriented investment philosophy centered on fundamental analysis and the pursuit of intrinsic value. The firm seeks to identify companies trading at a significant discount to their true worth for long positions, while shorting securities believed to be overvalued or fundamentally deteriorating. By combining analytical discipline with a contrarian perspective, Greenlight aims to generate consistent absolute returns regardless of broader market conditions. The strategy involves bottom-up research, a focus on risk management, and the occasional use of macro and distressed debt investments to capitalize on market dislocations.
Disclaimer
The content provided on this page, including the simulated portfolio performance, holdings analysis, and AI-generated insights, is for informational and educational purposes only. It does not constitute financial advice, investment recommendations, or an offer to buy or sell any securities. All data is derived from historical SEC 13F filings and other public disclosures, which have a reporting lag. The "Simulated Performance" is a hypothetical reconstruction based on past disclosures and does not represent the actual returns of the institution. Past performance is not indicative of future results. Tritonix.ai is not affiliated with Greenlight Capital, Inc..
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Frequently asked questions
How is the simulated portfolio for Greenlight Capital, Inc. constructed?
This simulation is powered by Tritonix AI using official SEC filings. We focus on the "Best Ideas" by filtering for only the Top 20 largest holdings and rebalancing them to 100%. The simulation tracks performance starting from Oct 1, 2025. Our AI monitors for updates every Monday to capture major shifts. This concentrated approach highlights the manager's true stock-picking skill and mirrors their actual investment returns.
What is Greenlight Capital, Inc.'s largest holding?
As of the latest filing, Greenlight Capital, Inc.'s top position is Green Brick Partners Inc (GRBK), representing 24.0% of the portfolio. This reflects a high-conviction bet by the institution.
What is Greenlight Capital, Inc.'s historical performance and risk profile?
Our simulation indicates a total return of +14.5% with a win rate of 49%. Notably, the portfolio maintains a Sharpe Ratio of 4.98, suggesting an exceptional level of risk-adjusted returns compared to the broader market.
What sectors does Greenlight Capital, Inc. primarily invest in?
Greenlight Capital, Inc. has a strong preference for the Residential Construction sector, which makes up 24.0% of their disclosed assets. The portfolio also has exposure to Engineering & Construction, indicating a specific thematic focus.
Is Greenlight Capital, Inc.'s portfolio concentrated or diversified?
Greenlight Capital, Inc. runs a moderately concentrated portfolio with 20 disclosed positions. The top 3 holdings alone account for 40.5% of the total portfolio weight, suggesting a strategy that favors broader market exposure.
How has Greenlight Capital, Inc. performed in 2026?
Our AI-simulated model portfolio for Greenlight Capital, Inc. tracks a Year-to-Date (YTD) return of +11.5%. This metric helps investors gauge the institution's effectiveness in the current market environment.
Does David Einhorn manage Greenlight Capital, Inc. directly?
Yes, David Einhorn serves as the key portfolio manager for Greenlight Capital, Inc., overseeing the investment strategy and final capital allocation decisions.