HomeMarket NewsDavid Einhorn's Greenlight Capital Makes Strategic Moves in Q3

David Einhorn’s Greenlight Capital Makes Strategic Moves in Q3

Actionable Trade Ideas

always free

Exiting Capri Holdings and Reducing Position in Green Brick Partners

Close Up Shot of a Computer Monitor Screen with Real-Time Stocks, Commodities and Exchange Market Charts and Tickers on a Multi-Display Workstation in a Financial Business Office.


David Einhorn’s Greenlight Capital made strategic moves in Q3, including the exit from Capri Holdings (NYSE:CPRI) and the reduction of its position in Green Brick Partners (GRBK).

The hedge fund also increased its stake in Kyndryl (KD), Net Power (NPWR), Herc Holdings (HRI), and Southwestern Energy during Q3, as per its most recent 13F filing.

Additionally, Greenlight initiated a new position in DHT Holdings (NYSE:DHT) while decreasing its holdings in Tenet (THC) and Resideo (REZI).

β€œIn August, Capri agreed to be sold to Tapestry for $57 per share, and we promptly exited the position,” Greenlight wrote in its Q3 letter to investors on Nov. 8. β€œBeginning with the 2022 holiday season, CPRI’s fundamentals turned increasingly negative, and the company has since announced a string of earnings disappointments.”

Furthermore, Greenlight’s main fund showed significant progress, advancing by 12.9% in Q3 and yielding a 27.7% increase for the first nine months of the year, as stated in a letter to investors earlier this month.

Swing Trading Ideas and Market Commentary

Need some new swing ideas? Get free weekly swing ideas and market commentary from Jonathan Bernstein here: Swing Trading.

Explore More

Weekly In-Depth Market Analysis and Actionable Trade Ideas

Get institutional-level analysis and trade ideas to take your trading to the next level, sign up for free and become apart of the community.