gorodenkoff
David Einhorn’s Greenlight Capital exited Capri Holdings (NYSE:CPRI) and reduced its position in Green Brick Partners (GRBK) in Q3.
Greenlight also increased its stake in Kyndryl (KD), Net Power (NPWR), Herc Holdings (HRI) and Southwestern Energy in Q3, according to its most recent 13F filing.
Greenlight added a new position in DHT Holdings (NYSE:DHT). The hedge fund also reduced its stakes in Tenet (THC) and Resideo (REZI).
“In 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. “Beginning with the 2022 holiday season, CPRI’s fundamentals turned increaslingly negative and the company has since announced a string of earnings disappointments.”
Greenlight’s main fund advanced 12.9% in the Q3 and was up 27.7% for the first nine months of the year, according to a letter to investors earlier this month.