David Einhorn - Greenlight Capital Investment Strategy & Portfolio Analysis
How Greenlight Capital allocates capital, manages risk, and constructs its portfolio — based on SEC 13F filings.
According to the SEC 13F filed on Aug 14, 2026, David Einhorn's Greenlight Capital portfolio reflects a balanced investor approach across 40 reported 13F positions as of quarter-end Jun 30, 2026. Portfolio returns are led by Green Brick Partners, (~21% of total exposure), with the top five holdings representing approximately 42% of reported value. The portfolio maintains structural breadth across 40 positions, with economic weighting tilted toward consumer cyclical companies and healthcare names. Exposure to high-growth and technology-oriented segments remains limited relative to peers, with performance instead anchored in durable, cash-generating businesses across consumer discretionary, unknown, and healthcare. The portfolio exhibits low turnover, consistent with a buy-and-hold posture held through multiple reporting cycles. Distinctive traits include Long-Term Holder, Structurally Diversified.
Investment Style
Value, growth, quality, and behavioral classification from latest 13F holdings.
Primary type: Balanced Investor
Traits: Long-Term Holder, Structurally Diversified
Turnover profile
Moderate
Holding horizon
Long-Term
Portfolio Construction
Concentration and position sizing in the latest filing.
Portfolio construction is moderately concentrated: top three names represent 33.5% of assets, top five 42.3%, and the largest single position is 21.4%.
Top 3 weight
33.5%
Top 5 weight
42.3%
Top 10 weight
58.5%
Largest position
21.4%
Top holdings: Green Brick Partners, Inc., Fluor Corporation, Core Natural Resources, Brighthouse Financial, Inc., Acadia Healthcare Company, Inc. — view full holdings
Sector Preferences
Where capital is allocated by sector.
Capital is tilted toward Consumer Cyclical and Unknown, with 10 sectors represented in the latest filing.
Leading sectors: Consumer Cyclical, Unknown, Healthcare
Risk Framework
Concentration, diversification, and turnover tolerance.
This investor accepts moderate single-name risk (largest position 21.4%, top ten 58.5%) and moderate economic diversification (HHI 0.05). Turnover tolerance maps to a moderate profile.
Largest position
21.4%
Top 10 weight
58.5%
Max sector
35.6%
Diversification
Moderate
Strategy Evolution
How the strategy changed between the two most recent filing periods.
Mar 31, 2026 → Jun 30, 2026
- Top-five concentration fell from 45.1% to 42.3%.
- Quarter-over-quarter portfolio weight turnover: 15.5%.
For trade-level changes, see the Activity page. View activity.
Similar Investors
Peer group with comparable portfolio behavior.
Similar-investor comparisons are coming soon.