David Einhorn

Greenlight Capital·value·Concentrated / activist

GLRE (reinsurer proxy)

~12–13% (blended) since 1996

Portfolio value

$3.1B

Positions

Top 5 concentration

42%

New buys this quarter

Track record vs S&P 500

$GLRE · total return since 2007 · GLRE reinsurer

$10k grew to

$8k

CAGR

-1.4%

vs S&P 500

-12.1%/yr

See the full comparison chart

Quarterly activity

What David Einhorn bought and sold each quarter.

Mar 2026vs Dec 2025

Bought (22)

$VSNTNew buy3.6%$CROXNew buy1.8%$REZINew buy1.7%$SLMNew buy1.4%$AXLNew buy1.2%$PSKYNew buy1.1%$STUBNew buy0.8%$VTRSNew buy0.8%$TRIPNew buy0.5%$ZIMNew buy0.3%$IMVTNew buy0.1%$ACHCAdded+9.6%$VSCOAdded+29.9%$GPKAdded+8.1%$SNXAdded+748.9%$BKVAdded+109.3%$DECKAdded+61.1%$HSICAdded+27.7%$PTONAdded+4003.7%$SLDEAdded+46.7%$SHCAdded+347.8%$COYAAdded+15.3%

Sold (16)

$CNHISold out$KWEBSold out$WBDSold out$GPNSold out$KDSold out$NUVB-WTWarrantSold out$PRKSSold out$GDXETFSold out$WFRDTrimmed-80.4%$GLDTrimmed-41.6%$DHTTrimmed-28.4%$ARTrimmed-20.3%$PCGTrimmed-14.8%$FLRTrimmed-14.6%$CNRTrimmed-11.5%$CITrimmed-5.7%

Dec 2025vs Sep 2025

Bought (18)

$WBDNew buy1.6%$SPBNew buy1.4%$HSICNew buy1.2%$ARNew buy1.2%$BKVNew buy1.2%$GPNNew buy1.2%$DECKNew buy1.1%$SLDENew buy0.8%$GPKAdded+78.8%$PCGAdded+22%$CPRIAdded+77.4%$CNCAdded+69.1%$ACHCAdded+150.9%$PRKSAdded+22%$COYAAdded+23%$SHCAdded+155.4%$SNXAdded+44.7%$KWEBAdded+52.3%

Sold (11)

$HPQSold out$NXSTSold out$SDRLSold out$OIHETFSold out$WFRDTrimmed-22.6%$TEVAADRTrimmed-19.1%$GDXETFTrimmed-15%$KDTrimmed-12.1%$PENNTrimmed-10.7%$VSCOTrimmed-10.1%$ROIVTrimmed-9.1%

Sep 2025vs Jun 2025

Bought (11)

$PCGNew buy3.8%$PRKSNew buy1%$NXSTNew buy0.6%$KWEBNew buy0.1%$FLRAdded+44.4%$KDAdded+31.2%$CNCAdded+86%$VSCOAdded+117.7%$ACHCAdded+89.9%$SNXAdded+17.3%$PTONAdded+37.3%

Sold (9)

$TECKSold out$HPQTrimmed-90.1%$ROIVTrimmed-50%$GPROTrimmed-40%$CNHITrimmed-25%$CPRITrimmed-22.8%$SHCTrimmed-22.7%$OIHETFTrimmed-22.5%$PENNTrimmed-9.7%

Jun 2025vs Mar 2025

Bought (12)

$FLRNew buy8.4%$CINew buy1.3%$VSCONew buy0.7%$SHCNew buy0.1%$PENNAdded+19.6%$GPKAdded+349.4%$DHTAdded+15.3%$TEVAADRAdded+565%$WFRDAdded+110.4%$CNCAdded+53.3%$ACHCAdded+615.7%$OIHETFAdded+29%

Sold (8)

$DLTRSold out$ALITSold out$VTRSSold out$PTONTrimmed-96.4%$SNXTrimmed-28%$KDTrimmed-19.9%$ROIVTrimmed-16.4%$GLDTrimmed-6%

Mar 2025vs Dec 2024

Bought (12)

$CNRNew buy8.6%$DLTRNew buy1.7%$KDAdded+9.9%$PENNAdded+9%$HPQAdded+43%$TECKAdded+84%$DHTAdded+26%$CPRIAdded+65.4%$LBTYAAdded+34.4%$SDRLAdded+106.8%$TEVAADRAdded+21.3%$OIHETFAdded+120.3%

Sold (13)

$PDBCSold out$RSPSold out$CEIXSold out$FCGETFSold out$XRTETFSold out$ALITTrimmed-70.2%$PTONTrimmed-52.5%$CNCTrimmed-37.1%$GDXETFTrimmed-31.4%$CNHITrimmed-21.1%$SNXTrimmed-14.1%$GLDTrimmed-10.8%$ACHCTrimmed-6%

Dec 2024vs Sep 2024

Bought (13)

$CNCNew buy2.7%$ACHCNew buy0.3%$SNXNew buy0.3%$RSPNew buy0.2%$XRTETFNew buy0.2%$CNHIAdded+44.2%$PTONAdded+10.4%$DHTAdded+20.8%$CPRIAdded+93.6%$WFRDAdded+157.5%$SDRLAdded+27.7%$TEVAADRAdded+44.2%$COYAAdded+29.2%

Sold (14)

$PPASold out$DNMRSold out$LIVNSold out$IACSold out$XARSold out$ODPSold out$THCSold out$ALITTrimmed-71.7%$OIHETFTrimmed-50%$HPQTrimmed-40.2%$KDTrimmed-23.6%$VTRSTrimmed-20.4%$CEIXTrimmed-15%$LBTYATrimmed-8.6%

Sep 2024vs Jun 2024

Bought (12)

$CNHINew buy3.3%$KDAdded+11%$PENNAdded+10.3%$LBTYAAdded+108.3%$ALITAdded+7%$ROIVAdded+10.3%$DHTAdded+7.9%$CPRIAdded+58.7%$PTONAdded+40.4%$IACAdded+118.3%$SDRLAdded+5.6%$GLPGADRAdded+104.1%

Sold (8)

$TLISSold out$SHCSold out$DNMRTrimmed-59.9%$THCTrimmed-52%$ODPTrimmed-28%$GPKTrimmed-25%$GRBKTrimmed-9.6%$LIVNTrimmed-6.3%

Jun 2024vs Mar 2024

Bought (9)

$CPRINew buy1.1%$PTONNew buy1.1%$IACNew buy0.7%$HPQAdded+108.7%$PENNAdded+11.9%$ODPAdded+29.9%$VTRSAdded+63.8%$ROIVAdded+14.8%$GLPGADRAdded+46.9%

Sold (13)

$KVUESold out$AERSold out$CLVTSold out$FCNCASold out$NBSESold out$NPWRSold out$LIVNTrimmed-51.7%$WFRDTrimmed-44.1%$THCTrimmed-32.9%$KDTrimmed-32.8%$TECKTrimmed-30%$GPKTrimmed-22.3%$GLDTrimmed-18%

Quarter-over-quarter change in disclosed positions.

Holdings

Stock	Move	% of portfolio	Reported px	Now	Since report
$GRBK GREEN BRICK PARTNERS INC	Held	19.4%	$64.45	$73.36	+13.8%
$FLR FLUOR CORP	Trimmed	7%	$46.65	$50.21	+7.6%
$CNR CORE NATURAL RESOURCES INC	Trimmed	6.2%	$104.73	$80.99	-22.7%
$BHF BRIGHTHOUSE FINL INC	Held	5.4%	$59.88	$65.61	+9.6%
$PCG PG&E CORP	Trimmed	3.7%	$17.57	$17.18	-2.2%
$VSNT VERSANT MEDIA GROUP INC	New buy	3.6%	$37.02	$35.81	-3.3%
$ACHC ACADIA HEALTHCARE COMPANY IN	Added	3.4%	$23.39	$31.40	+34.2%
$VSCO VICTORIAS SECRET AND CO	Added	3.3%	$46.36	$76.25	+64.5%
$DHT DHT HOLDINGS INC	Trimmed	3.1%	$18.27	$16.93	-7.3%
$PENN PENN ENTERTAINMENT INC	Held	2.9%	$15.03	$20.69	+37.7%
$GPK GRAPHIC PACKAGING HLDG CO	Added	2.9%	$9.94	$10.15	+2.1%
$CNC CENTENE CORP DEL	Held	2.8%	$32.74	$67.60	+106.5%
$TEVAADR TEVA PHARMACEUTICAL INDS LTD	Held	2.8%	$30.12	$33.10	+9.9%
$CPRI CAPRI HOLDINGS LIMITED	Held	2.8%	$17.62	$18.08	+2.6%
$SNX TD SYNNEX CORPORATION	Added	2.6%	$168.71	$250.16	+48.3%
$BKV BKV CORP	Added	2.4%	$28.52	$26.38	-7.5%
$LBTYA LIBERTY GLOBAL LTD	Held	1.9%	$12.09	$10.66	-11.8%
$ROIV ROIVANT SCIENCES LTD	Held	1.9%	$27.70	$36.81	+32.9%
$CROX CROCS INC	New buy	1.8%	$83.02	$127.13	+53.1%
$REZI RESIDEO TECHNOLOGIES INC	New buy	1.7%	$33.71	$31.04	-7.9%
$DECK DECKERS OUTDOOR CORP	Added	1.5%	$100.09	$104.26	+4.2%
$SPB SPECTRUM BRANDS HOLDINGS INC	Held	1.5%	$73.70	$84.08	+14.1%
$SLM SLM CORP	New buy	1.4%	$21.41	$24.73	+15.5%
$HSIC SCHEIN HENRY INC	Added	1.4%	$73.70	$83.86	+13.8%
$PTON PELOTON INTERACTIVE INC	Added	1.4%	$4.29	$5.94	+38.5%
$GLD SPDR GOLD TR	Trimmed	1.4%	$430.29	$378.18	-12.1%
$AXL DAUCH CORP	New buy	1.2%	$5.93	$8.62	+45.4%
$PSKY PARAMOUNT SKYDANCE CORP	New buy	1.1%	$9.02	$9.33	+3.4%
$AR ANTERO RESOURCES CORP	Trimmed	1.1%	$42.44	$34.49	-18.7%
$SLDE SLIDE INS HLDGS INC	Added	1%	$18.00	$20.81	+15.6%
$SHC SOTERA HEALTH CO	Added	0.9%	$14.34	$18.39	+28.2%
$STUB STUBHUB HLDGS INC	New buy	0.8%	$6.24	$11.52	+84.6%
$VTRS VIATRIS INC	New buy	0.8%	$13.51	$16.34	+20.9%
$CI THE CIGNA GROUP	Trimmed	0.7%	$266.75	$291.80	+9.4%
$TRIP TRIPADVISOR INC	New buy	0.5%	$10.66	$13.33	+25%
$GLPGADR GALAPAGOS NV	Held	0.5%	$30.00	$27.98	-6.7%
$WFRD WEATHERFORD INTL PLC	Trimmed	0.4%	$94.58	$82.78	-12.5%
$ZIM ZIM INTEGRATED SHIPPING SERV	New buy	0.3%	$26.35	$24.14	-8.4%
$COYA COYA THERAPEUTICS INC	Added	0.3%	$3.94	$5.26	+33.5%
$IMVT IMMUNOVANT INC	New buy	0.1%	$24.84	$41.09	+65.4%
$GPRO GOPRO INC	Held	0%	$0.77	$0.76	-1.3%
$GANX GAIN THERAPEUTICS INC	Held	0%	$1.94	$1.82	-6.2%
$NUVB NUVATION BIO INC	Held	0%	$4.29	$6.11	+42.4%
$KPLTWWarrant KATAPULT HOLDINGS INC	Held	0%	$0.00	$0.00	-100%

Notable sell-outs this quarter: $CNHI, $KWEB, $WBD, $GPN, $KD, $NUVB-WT, $PRKS, $GDX

Source: SEC 13F via FMP · Mar 2026 report · 45-day filing delay. Long equity positions only. Not financial advice.