|Bid||0.00 x 900|
|Ask||0.00 x 1000|
|Day's Range||8.51 - 8.75|
|52 Week Range||8.24 - 15.45|
|Beta (3Y Monthly)||1.34|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
After having the worst year in 2018, David Einhorn’s Greenlight Capital (GLRE) had a promising performance in the first half of 2019.
(Bloomberg) -- Hedge fund manager David Einhorn is having a happy 2019 after suffering his worst year ever.The main fund at Einhorn’s Greenlight Capital gained 1.3% this month and is up 18% for the year, according to an investor update seen by Bloomberg. His value-investing strategy is having its best start to a year since 2009, client documents show. The fund plunged 34% in 2018.For now, it’s a welcome vindication of sorts for Einhorn, who has seen Greenlight’s assets shrink as investors pulled their funds. The manager has rejiggered his portfolio to take fewer, more-concentrated bets. His New York-based firm, which oversaw $12 billion at its peak, ran $2.5 billion at the start of the year.Greenlight has gotten a boost from this year’s stock market. The S&P 500 Index posted its best month since January, jumping 7.1% with dividends reinvested, and it’s soared 19% in 2019. The HFRX Global Hedge Fund Index, an early indicator of industry performance, rose about 1.5% this month through Thursday, bringing year-to-date returns to 4.1%.General Motors Co., Greenlight’s biggest public U.S. stock holding, rebounded this month after losses in May wiped out gains for the year. The shares surged in June, bringing year-to-date returns to 18%. The hedge fund’s three next-biggest public stock holdings -- Green Brick Partners Inc., Aercap Holdings NV and Brighthouse Financial Inc. -- have also posted double-digit gains this year. Consol Coal Resources, Greenlight’s fifth-biggest equity position, has handed investors 7.4% with dividends.On the short side, Einhorn has had another winner in 2019 with his wager against Tesla Inc., whose shares have fallen 33% amid growing skepticism about consumer demand for the company’s electric vehicles. But the money manager has also shorted a group of momentum-driven technology stocks including Amazon.com Inc. and Netflix Inc. Those companies have posted double-digit rallies this year.A representative for the firm declined to comment.To contact the reporters on this story: Katia Porzecanski in New York at firstname.lastname@example.org;Simone Foxman in New York at email@example.comTo contact the editors responsible for this story: Alan Mirabella at firstname.lastname@example.org, Josh Friedman, Dan ReichlFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
It is no secret that David Einhorn (Trades, Portfolio)'s hedge fund Greenlight Capital has struggled in recent years. 2018 saw Greenlight post its worst performance in its 22-year history with a staggering 34% loss. Warning! GuruFocus has detected 7 Warning Signs with AMT.
Could Einhorn’s Top Positions Turn His Fund's Performance Around?(Continued from Prior Part)Short positionsIn its Q1 investor letter, Greenlight Capital (GLRE) stated that partnerships had an average exposure of 112% long and 70% short. Its major
Could Einhorn’s Top Positions Turn His Fund's Performance Around?(Continued from Prior Part)Teekay LNG PartnersDavid Einhorn’s Greenlight Capital (GLRE) initiated a new stake in Teekay LNG Partners (TGP) during the first quarter of 2019. The
Could Einhorn’s Top Positions Turn His Fund's Performance Around?(Continued from Prior Part)Stake increasesDavid Einhorn’s Greenlight Capital’s (GLRE) largest stake increase in percentage terms was in Consol Energy (CEIX), in which GLRE
Could Einhorn’s Top Positions Turn His Fund's Performance Around?David Einhorn’s top holdingsAt the end of the first quarter, David Einhorn’s Greenlight Capital’s (GLRE) three largest positions were as follows:General Motors (GM), which
As anyone who follows my articles will know, I have been following the performance of David Einhorn (Trades, Portfolio)'s Greenlight Capital closely over the past two years. Warning! GuruFocus has detected 7 Warning Sign with COST.
The big shareholder groups in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) have power over the company. Institutions will...
Sohn Conference 2019: Here Are David Einhorn's Stock Picks(Continued from Prior Part)David Einhorn is a Tesla bearGreenlight Capital’s (GLRE) founder, David Einhorn is known for being short on Tesla (TSLA). In his recent investor letter, he again
Sohn Conference 2019: Here Are David Einhorn's Stock Picks(Continued from Prior Part)AerCap’s performanceAerCap (AER) has been one of the top contributors to Greenlight Capital’s (GLRE) performance YTD. As of May 6, AerCap’s stock has returned
Sohn Conference 2019: Here Are David Einhorn's Stock PicksDavid Einhorn’s stock picksThe 24th Annual Sohn Investment Conference was held in New York on May 6. Greenlight Capital’s (GLRE) founder David Einhorn was one of the investment bigwigs
David Einhorn, president of Greenlight Capital, at the Sohn Investment Conference on Monday said his firm is positive on airplane leasing company AerCap Holdings and negative on railcar leasing company ...
At the Sohn Investment Conference on Monday, Greenlight Capital founder David Einhorn said CEO Elon Musk's Tesla promises are "horse---t."
David Einhorn Makes a Comeback in 2019(Continued from Prior Part)Hedge funds’ comeback As reported by Bloomberg, “the HFRX Global Hedge Fund Index, an early indicator of the industry performance, gained 3.3 percent this year through April 29.”
David Einhorn Makes a Comeback in 2019Greenlight Capital’s performance in 2018 While last year wasn’t good for hedge funds in general, it turned out to be the worst on record for David Einhorn’s Greenlight Capital (GLRE). His fund lost 34%,