Billionaire investor David Einhorn, renowned for his bold short positions, showcases a different side through his long-short hedge fund, Greenlight Capital. Despite his infamous shorts like Lehmann Brothers, Einhorn maintains a diverse portfolio strategy with both long and short positions.

Green Brick Partners (GRBK)

Green Brick Partners reigns as the shining star in Einhorn’s hedge fund portfolio, standing as the largest holding with an impressive 28.9% weight. Einhorn’s strategic investment in this homebuilder and land development company has yielded substantial profits, fortified by Green Brick Partners’ resilient performance amidst rising interest rates and inflation challenges.

CONSOL Energy (CEIX)

CONSOL Energy, a Pennsylvania-based coal miner, emerges as the second key holding in Einhorn’s portfolio, commanding a 10.3% position. Despite the environmental criticisms surrounding coal, CONSOL Energy’s pivot towards the export market has driven remarkable growth, delivering an 840% return over the past three years.

Brighthouse Financial (BHF)

On the flip side, Brighthouse Financial stands as Einhorn’s third-largest holding, contributing a 7.9% share in Greenlight Capital. The insurance provider hasn’t seen the same explosive growth as Green Brick Partners or CONSOL Energy, with only a modest 3% stock increase over three years. However, its value stock appeal and discounted trading relative to book value make it an intriguing long-term play.

David Einhorn’s investment choices reflect a strategic balance of risk and reward, showcasing his ability to navigate diverse sectors and capitalize on opportunities within the market. While some holdings may face headwinds, Einhorn’s long-term vision and commitment to value investing instill confidence in the strength of his portfolio.