David Einhorn - Greenlight Capital Portfolio
| Period Date | Dec 31, 2023 | |
| Filing Date | Feb 14, 2024 | |
| Total Stocks | 40 | |
| Portfolio Value | $2.05B |
Greenlight Capital Strategy Analysis
Investment Strategy Metrics
Key metrics revealing investment style, risk management, and performance characteristics
| Metric | Value | Category | Description |
|---|---|---|---|
| Holding Period | 9.5 months | Style | Average duration positions are maintained |
| Position Count | 38 | Style | Number of active positions in portfolio |
| Position Size | 1.4% | Risk | Typical allocation per position |
| Win Rate | 50.0% | Performance | Percentage of profitable positions |
| Average Return | 101.6% | Performance | Mean return across positions |
| Sharpe Ratio | 0.23 | Performance | Return per unit of risk taken |
Investment Case Study: GREEN BRICK PARTNERS INC (GRBK)
12/31/2014 - 7/6/2025
Performance Metrics
Total Return: 59.53%
Holding Period: 3840 days
Max Position Size: $592,369,623.00
Position Weight: 21.15%
Key Events
12/31/2014: ENTRY(15,641,805.00 shares) @ $0.01
6/30/2015: INCREASE(8,476,863.00 shares) @ $0.01
3/31/2021: DECREASE(-6,700,000.00 shares) @ $0.02
3/31/2022: DECREASE(-376,857.00 shares) @ $0.02
9/30/2022: DECREASE(-131,850.00 shares) @ $0.02
3/31/2023: DECREASE(-309,453.00 shares) @ $35.06
9/30/2023: DECREASE(-4,258,125.00 shares) @ $41.51
12/31/2023: DECREASE(-937,500.00 shares) @ $51.94
Investment Thesis
Entry Context: Initial position established based on fundamental analysis
Sector Conditions: Favorable market conditions in the sector
Risk Factors:
- Market volatility
- Sector-specific risks
Key Learnings
- Position sizing is critical for portfolio management
- Important to monitor sector exposure